- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Oil production last week increased 200,000 barrels per day new record
Posted on 1/20/19 at 7:05 am
Posted on 1/20/19 at 7:05 am
We are now pumping 11.9 million barrels a day. If you watch the weekly report from EIA, until about six months ago, each month we were gaining about 100,000 barrels per day production. Then it started to remain stagnant for a month, then pop 100,000 barrels in a week. For the past three months its been pretty stagnant, and then last week 200,000 barrels per day increase in a week.
The issue is not the holes, we have thousands of wells already dug....its pipeline capacity. Thats why, the week a new pipeline opens, oil production soars, and then stagnates, waiting on the next pipeline.
The good news is, we have over 2.5 million BPD of pipeline capacity coming on line in the next 18 months, an it will immediately be filled.
Im just in awe of what this industry has done. When govt gets out of the way and tech merges with good ole fashioned roughnecks, in America, some truly amazing results follow.
For all our problems, this is still the greatest country God put on this earth, and the signs are all around us if we just look.
The issue is not the holes, we have thousands of wells already dug....its pipeline capacity. Thats why, the week a new pipeline opens, oil production soars, and then stagnates, waiting on the next pipeline.
The good news is, we have over 2.5 million BPD of pipeline capacity coming on line in the next 18 months, an it will immediately be filled.
Im just in awe of what this industry has done. When govt gets out of the way and tech merges with good ole fashioned roughnecks, in America, some truly amazing results follow.
For all our problems, this is still the greatest country God put on this earth, and the signs are all around us if we just look.
6
Posted on 1/20/19 at 7:14 am to trinidadtiger
quote:
For all our problems, this is still the greatest country God put on this earth, and the signs are all around us if we just look.
The one world gubment folks don't want us to remain as we were intended to be, strong with Godly values.
Posted on 1/20/19 at 7:20 am to trinidadtiger
Just think, it can all be stopped by electing an idiot like Biden president
Posted on 1/20/19 at 7:31 am to gthog61
quote:
Just think, it can all be stopped by electing an idiot like Biden president
Or someone like Paul Ryan, Kasich, etc
The next Republican candidate will be the one with the best/most financial backing... we just got lucky that the one time an outsider got the nomination, he had enough of his own money to run a campaign
This post was edited on 1/20/19 at 7:33 am
Posted on 1/20/19 at 8:02 am to trinidadtiger
Do we buy or sell TruckNutz stock?
Posted on 1/20/19 at 8:03 am to gthog61
quote:
Just think, it can all be stopped by electing an idiot like Biden president
How so?
Posted on 1/20/19 at 8:06 am to Bestbank Tiger
quote:
Do we buy or sell TruckNutz stock?
Id say its a strong buy.
You also might want to look at the upcoming IPO for the company selling orange nine inchers......
Posted on 1/20/19 at 8:08 am to Powerman
quote:
How so?
environmental shite and regulations layered back all over everything
Biden or whoever the dem president will be is just a figurehead
The EPA equivalents to Strokz, McCabe etc. will be unfettered again.
Those assholes didn't want any new pipelines built.
Posted on 1/20/19 at 8:10 am to Powerman
quote:
How so?
The establishment will make it so
Posted on 1/20/19 at 8:15 am to SDVTiger
quote:
The establishment will make it so
Ok how about something with some substance?
Posted on 1/20/19 at 8:16 am to gthog61
quote:
Those assholes didn't want any new pipelines built
Odd. There were pipelines being built anyway.
Posted on 1/20/19 at 8:17 am to Powerman
Regulations for the muh global warming and fricking everything else that will stall the economy
How stupid are you?
How stupid are you?
Posted on 1/20/19 at 8:37 am to SDVTiger
Then why was oil production so high during the Obama years?
Posted on 1/20/19 at 9:07 am to Powerman
Large advancements in shale production technology made by private companies.
Posted on 1/20/19 at 9:13 am to Powerman
FERC is the regulating body for the energy industry, here is what the libs thought of Trump appointees when he started replacing the board.....From the Washington Examiner a headline at the time:
quote:
Green groups prep to sue Trump's energy panel appointee
Id say if your enemies feel that adamant, it must be a pro energy appointee.
I will say this, if you look at that the new makeup of that commission, and you live in Texas, I would not take a vacation. You will come home to find a well in your backyard and a pipeline in the front.
Posted on 1/20/19 at 9:13 am to trinidadtiger
This production has nothing to do with any sort of regulatory let up, the largest jump in production happed under Obama. The pipeline constraints were in the Permian, and had nothing to do with Keystone.
Posted on 1/20/19 at 9:15 am to Powerman
quote:
Then why was oil production so high during the Obama years?
Its on steroids now, and it will still be another three or four years til we get the infrastructure built, that should have already been in place, four years ago.
Come on Parmen, whats next, the economy we have now is because of obama????
Posted on 1/20/19 at 9:16 am to trinidadtiger
Yep, and China is ready to balance trade with the us. Huge news that I had to come here to learn about.
Posted on 1/20/19 at 9:17 am to gthog61
quote:
The EPA equivalents to Strokz, McCabe etc. will be unfettered again.
The EPA under obama was a nightmare. A fully weaponized nightmare.
Posted on 1/20/19 at 9:19 am to Powerman
quote:
Then why was oil production so high during the Obama years?
Just like everything under Barry's terms we were at Rock bottom how could it not go up
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News