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Posted on 2/2/25 at 7:50 pm to stout
quote:
Aren't current prices in what is considered the "sweet spot" where consumers are happy and crude producers are very profitable?
Nah.
Oil probably needs to come up another 10-15%.
That whole "oil at 75" and everyone's happy was based on 2019 dollars. In 2025 dollars oil needs to be about 85-90.
Posted on 2/3/25 at 1:03 pm to sabanisarustedspoke
I know we have them. We have not built a new refinery since 1975.... the government refuses to refuse any new permits to do so.
Build more refineries to handle the specific crude.
Build more refineries to handle the specific crude.
Posted on 2/3/25 at 1:08 pm to back9Tiger
Heavier crudes can be sourced from places other than Canada. That said, the US expanded its ability to refine lighter crudes by 250KBD at an XOM site in Texas just last year.
Posted on 2/3/25 at 2:43 pm to dragginass
Posted on 2/3/25 at 2:50 pm to TBoy
quote:
So I guessTrump isn’t going to restart the Keystone XL pipeline?
No need if we exploit our own resources... Sorry you are too stupid to get it...
Posted on 2/3/25 at 3:21 pm to RogerTheShrubber
quote:
Probably, but there are a lot of rubes who take him as serious
Perfect. Let them focus on that troll job while he continues what he’s doing.
Posted on 2/3/25 at 3:26 pm to stout
that Community Note is hilarious. "If you remove all of these industries, the US has a surplus with Canada!" The industries listed in the Community Note: oil, natural gas, electricity. 3 things we absolutely do not need to get from Canada.
The Community Note actually supports what Trump is saying.
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