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re: The US is now the world’s largest oil producer...
Posted on 8/15/24 at 8:26 am to Fat Bastard
Posted on 8/15/24 at 8:26 am to Fat Bastard
quote:
But regulations don't help
So more Dems then Rs are blocking?
quote:
shithole california want all gasoline powered cars gone by 2035? but muh oil production!
they gonna charge those EV's with solar? wind? and not fossil fuel energy?
Good grief the state is so insane. When they do the surge pricing for tesla its glorious
And doesnt CA have as much oil as like Saudi Arabia?
0
Posted on 8/15/24 at 10:30 am to Penrod
Good lord you’re stupid. Dems are horrible for oil. Oil continues to expand in spite or despite the leftist crazies. If Trump were in office our production would be MUCH MUCH higher
Posted on 8/15/24 at 10:37 am to Bunk Moreland
quote:
I thought Biden was bad for energy production?
It's an election year, Mr. Ignorant Democrat man.
They're also saying this administration is tough on the border.
If you had half a brain, you'd see the bullshite in 2 seconds.
Sad people like you walk around.
Edit:
Don't downvote me, let's talk about it. I called you out, defend your bullshite.
This post was edited on 8/15/24 at 10:50 am
Posted on 8/15/24 at 11:21 am to UFMatt
“Why was gas less than $2.00 a gallon when Trump was in office and now over $3.00”
People have explained it but you refuse to read… but ok
2019…..we had over 950 rigs on average drilling in the US… in 2020 we had on average 250 rigs drilling in the us and yes gasoline pump prices dropped to 2 bucks.. so less rigs drilling but out of norm low pump prices..so when trump left office we had 250 rigs drilling … we now have around 650 rigs drilling…..
So why were pump prices low.. opec was losing market share and wanted to put small US operators out of business so they flooded the market.. it worked …so they then could cut back their production to make sure they were happy with their market share and price… ie profits….
For us resource plays to be profitable and invest capital oil needs to be above 50-60 dolllars.. for lots of legacy opec oil they make money when oil over a few dollars.. new discoveries are a little higher..
In 2020 the oil industry was in shambles and yall were cheering trump to get those saudis to back off on production and the price of oil back up…
Ok… why do we export so much oil and import.. well our refineries are fitted for a specific quality of oil.. oil coming out of ground varies.. we export oil that is out of specs for many USrefineries .. and have to import others that is within spec..
Again it is global economics not politics.. we had an offshore lease sale last years and feds opened up most of the gulf.. oil companies bought about 3 percent available that they determined had potential.. we do no frac offshore so fracking regulations mean nothing.. it takes a minimum of ten years from discovery to first oil pumped in offshore.
We can frac on private land so regulations do not stop.. I do not want them fracking on a lot of fed land myself since a lot of it is parks … I like my tent a good distance from wellheads..
Long but you asked …
Economic… not politics..
People have explained it but you refuse to read… but ok
2019…..we had over 950 rigs on average drilling in the US… in 2020 we had on average 250 rigs drilling in the us and yes gasoline pump prices dropped to 2 bucks.. so less rigs drilling but out of norm low pump prices..so when trump left office we had 250 rigs drilling … we now have around 650 rigs drilling…..
So why were pump prices low.. opec was losing market share and wanted to put small US operators out of business so they flooded the market.. it worked …so they then could cut back their production to make sure they were happy with their market share and price… ie profits….
For us resource plays to be profitable and invest capital oil needs to be above 50-60 dolllars.. for lots of legacy opec oil they make money when oil over a few dollars.. new discoveries are a little higher..
In 2020 the oil industry was in shambles and yall were cheering trump to get those saudis to back off on production and the price of oil back up…
Ok… why do we export so much oil and import.. well our refineries are fitted for a specific quality of oil.. oil coming out of ground varies.. we export oil that is out of specs for many USrefineries .. and have to import others that is within spec..
Again it is global economics not politics.. we had an offshore lease sale last years and feds opened up most of the gulf.. oil companies bought about 3 percent available that they determined had potential.. we do no frac offshore so fracking regulations mean nothing.. it takes a minimum of ten years from discovery to first oil pumped in offshore.
We can frac on private land so regulations do not stop.. I do not want them fracking on a lot of fed land myself since a lot of it is parks … I like my tent a good distance from wellheads..
Long but you asked …
Economic… not politics..
Posted on 8/15/24 at 7:51 pm to BayouBlitz
quote:
Damn facts. Lol
Could’ve been even higher except operators weren’t allowed to burn off excess and exports were shut down.
Damn facts.
Posted on 8/16/24 at 5:45 am to Green Chili Tiger
Don't tell democrats that because they will step up efforts to shut it down.
Posted on 8/16/24 at 9:21 am to Powerman
quote:
quote:
where is this production from?
The United States
That's all that fricking matters you mongoloid
so leasing and regulations on federal lands do not matter?
it absolutely matters you poor, filthy, white trash ugly cock sucking POS. read what i posted about federal lands and private and what biden had said.
75% of production comes from private and state lands! not federal you moron.
This post was edited on 8/16/24 at 9:25 am
Posted on 8/16/24 at 9:30 am to Thecoz
quote:
Ok… why do we export so much oil and import.. well our refineries are fitted for a specific quality of oil.. oil coming out of ground varies.. we export oil that is out of specs for many USrefineries .. and have to import others that is within spec..
This is a fact so few Americans understand
Also,
It isn’t America that is importing the oil. It’s being imported by private vessel owners to be used by private companies.
Like Exxon, or chevron …
This post was edited on 8/16/24 at 9:32 am
Posted on 8/16/24 at 10:37 am to Bunk Moreland
Biden killed the natural gas sector. We could be the world leader in natural gas too.
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