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Started By
Message
re: Since Biden took office over 50% of US oil and natural gas wells are off line
Posted on 10/13/21 at 6:21 pm to Bass Tiger
Posted on 10/13/21 at 6:21 pm to Bass Tiger
Oil going to $100 per bbl by Feb. Book it.
0
Posted on 10/13/21 at 6:22 pm to Mr. G
quote:
Mr. G
quote:
Member since Nov 2012
7 posts
quote:
TigerPE
quote:
Member since Jun 2010
145 posts
There's something fricky going on
Posted on 10/13/21 at 6:22 pm to Houag80
quote:
These types of posters are notorious liars.
And gayer than the gayest Aggie. We’re talking low-TBoy gay.
Posted on 10/13/21 at 6:27 pm to FredBear
Sorry for only posting on things I actually know about vs jumping in on every thread to offer an uninformed opinion like most of the idiots on here.
Posted on 10/13/21 at 6:37 pm to Bass Tiger
I’m not sure what production statistics Mark Levin was citing when he reported all the idle gas and oil wells but I found this chart …..
Could be Levin was referring to specific oil and gas fields that are sitting idle because that oil production chart isn’t showing a 50% reduction in active oil wells.
Could be Levin was referring to specific oil and gas fields that are sitting idle because that oil production chart isn’t showing a 50% reduction in active oil wells.
Posted on 10/13/21 at 6:44 pm to TigerPE
quote:
Sorry
You could have stopped there because yes, you definitely are
Posted on 10/13/21 at 6:52 pm to FredBear
I bet that sounded funnier in your head. Try posting less
Posted on 10/13/21 at 7:10 pm to Bass Tiger
The real issue at hand is that funds are being withheld from companies due to ESG policies and belief that fossil fuels aren't needed anymore. Publics are being mandated to return capital instead of investing in new wells to offset natural declines.
Industry kind of did it to itself though with many public companies spending like drunken sailors and also lying to investors about profitability of wells. Easy to see why they can't be trusted again.
Both are major problems that will eventually be thrust upon Americans at the pump. It's not going to be pretty.
Industry kind of did it to itself though with many public companies spending like drunken sailors and also lying to investors about profitability of wells. Easy to see why they can't be trusted again.
Both are major problems that will eventually be thrust upon Americans at the pump. It's not going to be pretty.
This post was edited on 10/13/21 at 7:14 pm
Posted on 10/13/21 at 7:48 pm to TigerPE
quote:
Try posting less
And if I don't?
Posted on 10/13/21 at 7:59 pm to Bass Tiger
I don’t know where this is happening besides the wells impacted by Ida in the gulf.
I find 50% hard the believe.
I find 50% hard the believe.
Posted on 10/13/21 at 8:26 pm to Bass Tiger
Yea, not sure what Levin is talking about but those numbers are plainly false.
If anything Biden’s misguided policies and rhetoric have led to an acceleration in Fed land drilling.
Post count creepin up ??. You guys might listen to me next time I tell you somethings wrong…
If anything Biden’s misguided policies and rhetoric have led to an acceleration in Fed land drilling.
Post count creepin up ??. You guys might listen to me next time I tell you somethings wrong…
Posted on 10/13/21 at 8:38 pm to NPComb
Biden is a fricking disaster and hopefully he falls down every flight of stairs in the freedom tower but this is not true.
Especially since oil prices have risen since day 1 of his presidency. Rigs would only go online not off
Especially since oil prices have risen since day 1 of his presidency. Rigs would only go online not off
Posted on 10/13/21 at 9:08 pm to Bass Tiger
Here’s a little about what’s really going on with oil production:
But then rather than ramp up US production and incentivize such:
Hey domestic USA pipeline- frick you!
Hey Russia pipeline - you have my blessings!
LINK
quote:
Less than two years ago, the United States was the world’s largest producer of crude oil. It was the new major swing producer that moved prices up or down with a shrug of the shoulder, challenging OPEC’s long-standing role as price-setter.
But then rather than ramp up US production and incentivize such:
quote:
The Biden administration first asked the oil cartel to step up the supply of crude in the summer. OPEC ignored the plea, just as it did t its last two meetings where the members of the extended group OPEC decided to keep adding 400,000 bpd to global supply every month and not more. Washington remains concerned.
“Joe Biden knows that high gasoline prices are not good for incumbents,” Daniel Yergin, oil historian and vice chairman of IHS Markit, told Bloomberg in an interview this week. “We’ll certainly be hearing more from the administration.”
Hey domestic USA pipeline- frick you!
Hey Russia pipeline - you have my blessings!
LINK
Posted on 10/13/21 at 9:10 pm to Bass Tiger
Obama wanted gas prices to rise to $10 a gallon in the name of global warming. Biden is dumb enough to try it.
I hope this is the beginning of the end for the Demprog party.
I hope this is the beginning of the end for the Demprog party.
Posted on 10/13/21 at 9:53 pm to GeauxTigerTM
quote:These people would have no hesitation to starve their own people for their political agenda. None.
By design. Psaki told us as much a few days ago when she half heartedly lamented high gas prices, but said that the "existential threat" of the climate crisis was more important.
Posted on 10/13/21 at 9:56 pm to TigerPE
quote:
No one is shutting in wells and the government isn't mandating that they do.
Which makes the op a moron.
The presumption is that we're producing less because of Biden which is an absurd assertion.
Posted on 10/13/21 at 9:57 pm to Powerman
How’s your vote for Biden working out? Building back better?
Posted on 10/13/21 at 9:57 pm to Bass Tiger
This doesn’t make sense. Oil production is up YOY and from the last months of Trump’s presidency.
Even using 2019 pre-pandemic, it’s only down about 5%, but my guess is that demand has still not rebounded with less travel including travel restrictions, remote work, electric car utilization (still small but not 0), etc.
Either way, if 50% were offline, then production would be down significantly more, not up from December and January.
Even using 2019 pre-pandemic, it’s only down about 5%, but my guess is that demand has still not rebounded with less travel including travel restrictions, remote work, electric car utilization (still small but not 0), etc.
Either way, if 50% were offline, then production would be down significantly more, not up from December and January.
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