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Message
re: .
Posted on 10/5/22 at 8:22 pm to Shepherd88
Posted on 10/5/22 at 8:22 pm to Shepherd88
quote:
240 billion by law
Google says the Strategic Petroleum Reserve capacity is 714 million barrels.
240 billion???! Come on man.
1
Posted on 10/5/22 at 8:40 pm to Shepherd88
quote:
sitting at 60 billion barrels in the strategic reserves and have to maintain 240 billion by law
Max strategic reserve is 727 million (google search). not sure on minimum amount required
Posted on 10/5/22 at 9:06 pm to doublecutter
quote:
Come on man.
Posted on 10/6/22 at 7:10 am to Fat Bastard
Biden.
Nothing amusing about that fricking retard.
Nothing amusing about that fricking retard.
Posted on 10/6/22 at 9:17 am to flvelo12
Sigh I remember when a board like this pulled for Americans
World has turned upside down
World has turned upside down
Posted on 10/6/22 at 9:31 am to Tmcgin
I remember when our government pulled for Americans.
Posted on 10/6/22 at 2:00 pm to cadillacattack
A more realistic version would be those 3 lined up on the opposite side of a glory hole from Biden on his knees.
Posted on 10/6/22 at 2:40 pm to MrLSU
Not sure if they are trying to screw him ,but rather just take advantage of his extreme incompetence.
Posted on 10/7/22 at 5:57 pm to MrLSU
Yep. MBS and Putin are laughing at us.
Posted on 10/10/22 at 5:16 pm to Tmcgin
quote:
Tmcgin
Your kind are commies though…
Posted on 10/10/22 at 6:38 pm to lsu13lsu
quote:
Any oil gurus can explain how those tiny countries have so much oil. It is just mindboggling to me because I have no understanding of it.
In 2018 Texas out produced every nation individually in the world. The oils under the us but we just aren’t allowed to drill like the past.
Posted on 10/11/22 at 1:31 am to lsu13lsu
I heard someone explain once that we have just as much oil in the US, but it's far more of a bitch to get out. The ground under Texas is rocky and hard to drill through. In comparison, the ground in the Middle East is relatively easy. So they have to expend far less to collect more, putting them at an advantage for output.
Posted on 10/11/22 at 3:00 am to SlidellCajun
quote:
Biden didn’t want to expand production in the US because….. climate change…. So that brought us more dependence
Is the OPEC oil cleaner burning? I don’t understand the logic in Biden asking OPEC to produce more oil when he has essentially cratered oil production here. We are not less dependent on oil with this strategy (if it can be called that), we are just more dependent on foreign oil now.
Posted on 10/11/22 at 6:03 am to lsu13lsu
quote:
Any oil gurus can explain how those tiny countries have so much oil. It is just mindboggling to me because I have no understanding of it.
There is oil almost everywhere. It's just a lot of it is tough to extract. The Saudis are sitting on some of the easiest fields to work in the world.
Posted on 10/11/22 at 8:00 am to go ta hell ole miss
quote:
We are not less dependent on oil with this strategy (if it can be called that), we are just more dependent on foreign oil now.
Exactly and you would think if they are truly worried about the environmental aspects they would want us to produce as much oil as necessary. At least oil in the US has to follow the US laws whereas we don't have control on how foreign countries produce and refine their oil. This seems like it would lead to a net worse situation for the environment, globally speaking.
Posted on 10/11/22 at 8:16 am to bulldog95
quote:
The oils under the us but we just aren’t allowed to drill like the past.
The Dems talked a lot about getting off oil-based energy, but what laws/regulations were imposed that are actually inhibiting US oil production? The main issue is the very slow revamp of oil production following the decreased demand and supply issues (e.g. fracking sand shortages) that started in 2020 (covid). Biden is literally begging the US oil companies and OPEC to produce more oil. The oil companies are being overly cautious in ramping up production because of profit concerns, and OPEC is just screwing with us.
Posted on 10/11/22 at 8:21 am to Stateguy
We had 416m last week.
eta. which is the lowest since 1984. but it's cool, when they start the war, those new jets fly on solar power.
eta. which is the lowest since 1984. but it's cool, when they start the war, those new jets fly on solar power.
This post was edited on 10/11/22 at 8:24 am
Posted on 10/11/22 at 8:58 am to SurfOrYak
quote:
Biden is literally begging the US oil companies
Begging them how? What incentives is he providing? What policies have been put in place to ensure they don't try to run them out of business with regulation as soon as the "crisis" is over?
If I was running an oil company, why would I make capital intensive investments in the US when 1/2 or more of the politicians are trying to run your company out of business?
Posted on 10/11/22 at 9:17 am to SurfOrYak
quote:
The Dems talked a lot about getting off oil-based energy, but what laws/regulations were imposed that are actually inhibiting US oil production? The main issue is the very slow revamp of oil production following the decreased demand and supply issues (e.g. fracking sand shortages) that started in 2020 (covid).
Production tanked during Trump's presidency (due to covid killing demand), and according to US oil production charts has been slowly creeping back up. Should be back up to peak sometime in 2023 it looks like.
I would love to learn more about US/worldwide oil economics but there's just so much partisan bullshite to navigate through.
Anyone know of any good non partisan, knowledgeable resources I can read more on it?
This post was edited on 10/11/22 at 9:18 am
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