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re: Qatar threatens to stop gas supplies to the world if the bombing of Gaza did not stop

Posted on 10/11/23 at 10:28 pm to
Posted by DaveyJones12
Member since Dec 2022
325 posts
Posted on 10/11/23 at 10:28 pm to
We’re producing more oil now than literally ever before jfc use google
Posted by trinidadtiger
Member since Jun 2017
18678 posts
Posted on 10/11/23 at 10:28 pm to
quote:

quote:
I need an expert opinion on what you think this means.


Not an expert, but I'm sure he thinks it means that the US doesn't have to import any oil.

It's amazing to me that so many people do not understand how that actually works.


Any idiot knows we will always import oil, we are one of the largest refiners of heavy crude that places like Canada and their tar sands cannot refine.

We are food independent but still import food.

Energy independent in a broad sense, not just oil as some knotheads define it, but all energy production, nuclear, bio, geothermal, hydro, natural gas, and oil, in standard equivs is it more than we consume....and under Trump it was, I dont know if its still true.

And while we may be "record" producing oil, where would we have been if we had left policies in place, probably a million or two barrels per day better off than we were. And goodness knows where we would have been in the natural gas biz if the regulators hadnt slow walked every pipeline, LNG plant etc.....just in time for Russia to cut off Europe when we could have owned the market, and now qatar.
Posted by trinidadtiger
Member since Jun 2017
18678 posts
Posted on 10/11/23 at 10:33 pm to
quote:

Qatar likes money too much to do that


70% of their govt revenue comes from oil and gas, yeah they will stop exporting, heck we should slap a boycott on those little bitches.
Posted by cwill
Member since Jan 2005
54755 posts
Posted on 10/11/23 at 10:40 pm to
quote:

If this is true


If it’s true? It’s a fricking fact that is easily verified.

quote:

why isn't gas dropping and why did they release oil from the SPR?


Oil is a fungible, internationally traded commodity. SA and Russia have curtailed production to push up prices. Also easily verifiable and, I thought, common knowledge.
Posted by cwill
Member since Jan 2005
54755 posts
Posted on 10/11/23 at 10:42 pm to
quote:

And while we may be "record" producing oil, where would we have been if we had left policies in place, probably a million or two barrels per day better off than we were.


Production colllapsed when demand collapsed due to Covid. No other reason.
Posted by Numberwang
Bike City, USA
Member since Feb 2012
13163 posts
Posted on 10/11/23 at 11:09 pm to
quote:

Fire up the keystone pipeline too


The sheer amount of work, land and easement acquisition, infrastructure, that went into this and was tossed away by the Democrats is criminal.

You can't just re-start it. It was years and years worth of negotiations to even make it feasible. They just killed it with the stroke of a pen.

If it "started up again" it would be a decade at least before any oil flowed through it.
Posted by chalmetteowl
Chalmette
Member since Jan 2008
53682 posts
Posted on 10/12/23 at 12:42 am to
quote:

. I’ll pay $5 a gallon if I see constant vids of the Muslims that did this being slaughtered by Jews.


But I won’t. Most of America can’t afford that

quote:

The Arab world has cried wolf one too many times.
Their pleas are falling on deaf ears.
Hamas is about to enter the ash heap of history.



Yes because future terrorists are NEVER created by wars
This post was edited on 10/12/23 at 12:46 am
Posted by BuckyCheese
Member since Jan 2015
57778 posts
Posted on 10/12/23 at 12:48 am to
quote:

And while we may be "record" producing oil, where would we have been if we had left policies in place, probably a million or two barrels per day better off than we were.


Remember all those fracking outfits that went out of business?

Low oil prices did them no favors. Nor the banks that loaned them money.

The industry has learned and will not over produce as it hurts profits. Add in the fact ESG has made capital harder to get, and more expensive, and you are not likely to see a rush to increase production even with an oil friendly admin in the WH.

Frankly, expecting gas to cost the same as it did 20+ years ago is ridiculous.
This post was edited on 10/12/23 at 12:50 am
Posted by MississippiTigerGirl
Brookhaven, MS
Member since Sep 2007
556 posts
Posted on 10/12/23 at 12:51 am to
quote:

stop gas supplies to the world


Please do this.
Posted by BeepNode
Lafayette
Member since Feb 2014
10005 posts
Posted on 10/12/23 at 1:05 am to
Saudis, Russia, Canada, and the US are probably like "sounds good to us!"
Posted by MississippiTigerGirl
Brookhaven, MS
Member since Sep 2007
556 posts
Posted on 10/12/23 at 1:09 am to
(no message)
Posted by MississippiTigerGirl
Brookhaven, MS
Member since Sep 2007
556 posts
Posted on 10/12/23 at 1:10 am to
quote:

We’re producing more oil now than literally ever before jfc use google


I just wanted to save this jewel. Google. Lol.

This about to get really good in a couple of years, guys.

It’s over for them. We all know what needs to be done. Their agenda is shite. Changes every day.

Shale is surging. New discoveries are surging. These clowns are almost done.
This post was edited on 10/12/23 at 1:17 am
Posted by POTUS2024
Member since Nov 2022
20943 posts
Posted on 10/12/23 at 1:17 am to
quote:

quote:
If this is true



If it’s true? It’s a fricking fact that is easily verified.

quote:
why isn't gas dropping and why did they release oil from the SPR?



Oil is a fungible, internationally traded commodity. SA and Russia have curtailed production to push up prices. Also easily verifiable and, I thought, common knowledge.


The numbers I see show world oil production steady, and if anything there's a slight bump recently, so our prices should be down or holding steady from what they were during the Trump years.
Posted by Errerrerrwere
Member since Aug 2015
42494 posts
Posted on 10/12/23 at 1:52 am to
They think simply because we are exporting more at present that must make us independent.

Posted by Strannix
C.S.A.
Member since Dec 2012
52846 posts
Posted on 10/12/23 at 3:28 am to
We dont need their oil anymore
Posted by Spoonbilla
Member since Aug 2022
874 posts
Posted on 10/12/23 at 4:54 am to
If Qatar halts sales, we simply freeze all of their assets worldwide. Well, Trump would. Biden will probably recommend them for a Nobel prize.
Posted by Powerman
Member since Jan 2004
170588 posts
Posted on 10/12/23 at 5:10 am to
quote:

Sure glad the Democrats did everything they could to ruin our self-sufficiency. Opposing drilling, pipelines, etc.
Trump was so stupid, wasn't he?

Stupid take
Posted by sta4ever
Member since Aug 2014
17399 posts
Posted on 10/12/23 at 5:44 am to
Alright then. We won’t guarantee your security anymore. Goodluck on dealing with all the Islamist extremists when they try to take over Qatar. It was a good run for Qatar.
Posted by LSU0358
Member since Jan 2005
8086 posts
Posted on 10/12/23 at 6:08 am to
Hells yeah...my US nat gas company stocks will be a fan of this.
Posted by ThatTahoeOverThere
Member since Nov 2021
4643 posts
Posted on 10/12/23 at 7:01 am to
That's great news for Russia
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