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re: Biden admits ‘I don’t have a near-term answer’ for high gas prices
Posted on 10/23/21 at 2:02 pm to TBoy
Posted on 10/23/21 at 2:02 pm to TBoy
It's both sides. I am far right wing but actually know something about this. I also know that the far left applauded Biden's EO's thinking it was the end of oil. It was only window dressing that favored Enbridge and other pipelines from having to compete with Keystone XL.
1
Posted on 10/23/21 at 2:08 pm to CitizenK
Tell me what is driving prices through the roof then. Policies by socialists/Marxists are definitely playing a factor. There’s a reason why California has such high gas prices than the rest of the country
This post was edited on 10/23/21 at 2:26 pm
Posted on 10/23/21 at 2:32 pm to xxTIMMYxx
World price due worldwide demand. Last time I checked we could export oil from the USA for the world markets
Posted on 10/23/21 at 2:54 pm to TBoy
FTR, these are nutters commenting and likely Libertarian types. Two personal friends on Trump's campaign team for 2016 blocked several like this from their social media accounts due whackadoodle AF
Posted on 10/23/21 at 6:54 pm to CitizenK
OPEC drives the price for oil.
OPEC got their balls back when the mental midget was conned into office.
This could averted easily ..... Open up all US Production. Open Keystone back and in eight weeks ...tell the Saudi's to go to hell and keep their oil. Inventories skyrocket and drive down the prices naturally.
OPEC got their balls back when the mental midget was conned into office.
This could averted easily ..... Open up all US Production. Open Keystone back and in eight weeks ...tell the Saudi's to go to hell and keep their oil. Inventories skyrocket and drive down the prices naturally.
Posted on 10/23/21 at 7:34 pm to bluedragon
We do not have that capability to just "open up production" Major oil companies ended up in court with landowners for producing oil far to quickly and ruining the formations thus leaving lots of recoverable hydrocarbons unrecoverable.
In the case of tight shale drilling the attractiveness is that the bell curve is high production the first few years then it tails off rapidly per well.
You might want to have a clue before you shoot off your mouth
In the case of tight shale drilling the attractiveness is that the bell curve is high production the first few years then it tails off rapidly per well.
You might want to have a clue before you shoot off your mouth
Posted on 10/24/21 at 9:42 pm to CitizenK
quote:
We do not have that capability to just "open up production" Major oil companies ended up in court with landowners for producing oil far to quickly and ruining the formations thus leaving lots of recoverable hydrocarbons unrecoverable.
In the case of tight shale drilling the attractiveness is that the bell curve is high production the first few years then it tails off rapidly per well.
You might want to have a clue before you shoot off your mouth
We were energy independent under POTUS Trump for the first time since WWII.
We are now begging OPEC to produce more oil and talking about digging into the SPR less than a year later.
Explain what has changed, genius.
Posted on 10/24/21 at 11:31 pm to tiggerfan02 2021
Tight shale oil wells don't last long. Ways have been found to increase longevity but they produce like a mofo the first couple of years then production drops pretty fast. Drilling new wells hasn't picked up because no one budgeted an increase in drilling but will be balls to the walls next year both onshore and increased quite a bit for offshore. That is all about price and need for companies to pay down all the money they borrowed post 2014 price collapse (when Obama took sanctions off of Iran and Saudi's increased production to keep market share, both done to kill tight shale drilling here)
We were NOT energy dependent. That would actually take redesigning existing refineries to handle light crude oil. They lose refining capacity due the light ends, aka gases, in it which flood the crude unit distillation column. Hell, much of that crude oil would be called condensate elsewhere in the world. It is called crude oil here only because of congressional action in the 1970's to ban export of it along with export of crude oil.
Sure we exported some condensate (as crude oil) and imported a shiite load of heavy crude from Canada, AND.... Mexico. We are now exporting more and more from Guyana, Exxon's deepwater wells and loading at the FPSO with several more FPSO's being designed then built to accommodate that bonanza. It is an excellent crude oil with great characteristics and easy to refine. A number of workboats from Down the Bayou are hard at work there, and supplies coming from the USA and stored in warehouses partly owned by Louisiana investors.
We were NOT energy dependent. That would actually take redesigning existing refineries to handle light crude oil. They lose refining capacity due the light ends, aka gases, in it which flood the crude unit distillation column. Hell, much of that crude oil would be called condensate elsewhere in the world. It is called crude oil here only because of congressional action in the 1970's to ban export of it along with export of crude oil.
Sure we exported some condensate (as crude oil) and imported a shiite load of heavy crude from Canada, AND.... Mexico. We are now exporting more and more from Guyana, Exxon's deepwater wells and loading at the FPSO with several more FPSO's being designed then built to accommodate that bonanza. It is an excellent crude oil with great characteristics and easy to refine. A number of workboats from Down the Bayou are hard at work there, and supplies coming from the USA and stored in warehouses partly owned by Louisiana investors.
Posted on 10/25/21 at 6:08 am to fjlee90
Too many make excuses to rationalize away any and all failures even though as in the case with gas and food price hikes, the evidence is facing them squarely in their faces. Oh I forgot, they are all still blaming Trump. After all Dem. administrations need a scapegoat.
Posted on 10/25/21 at 6:12 am to GeauxTigerTM
So addressing climate change is going to help me pay my heating costs how? And as for an electric car, thanks to the hike in auto costs, any vehicle is off limits for now. Still managing that occasional steak but for how long?
Posted on 10/25/21 at 7:56 am to tiggerfan02 2021
We have not been "energy independent" regarding imports/exports at a net 0 since 1943. We import 2.5 BILLION barrels of crude oil in 2020 MORE than we exported. Now if you take petroleum products exported included (after refining imported crude oil) then yes we exported more "barrels" than we imported.
Posted on 10/25/21 at 9:45 pm to CitizenK
Thanks for proving my point genius.
We were a net EXPORTER in Dec. 2020.
We were a net EXPORTER in Dec. 2020.
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