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Started By
Message
re: When does Drill Baby Drill really start?
Posted on 7/11/25 at 9:42 am to TBoy
Posted on 7/11/25 at 9:42 am to TBoy
quote:
There won’t be new drilling right now. Too much uncertainty and Trump is trying to push oil prices down.
You have absolutely no idea what you’re talking about.
There is plenty of drilling going on. There’s a lot of oil being produced.
0
Posted on 7/11/25 at 9:53 am to TigerMan327
When Trump left office after his first term gas at the local station was $1.52. During the Biden administration the same station got up to $3.89. When Biden left office the price was $2.89. Today it’s $2.42.
Posted on 7/11/25 at 10:41 am to DaBike
quote:
the Permian Basin is no longer the golden opportunity it once was,
Wrong. There’s plenty left out there. Especially in New Mexico where the rock is better.
They haven’t done laterals yet on many of those wells and there is plenty left to drill.
This post was edited on 7/11/25 at 10:43 am
Posted on 7/11/25 at 10:54 am to roll to victory
I pass 4 new rigs on the way to work in New Mexico.
Posted on 7/11/25 at 10:56 am to Csmims
Just for fun
“In January 2021, the total US rig count was 369. This figure includes both oil and gas rigs”
Already posted today’s.. and last year when Biden was in office..
So it was lowest price when we have the least amount of rigs drilling.
Hmm maybe instead of drilling baby drill we need to stack baby stack..
Maybe something else in play ….
“In January 2021, the total US rig count was 369. This figure includes both oil and gas rigs”
Already posted today’s.. and last year when Biden was in office..
So it was lowest price when we have the least amount of rigs drilling.
Hmm maybe instead of drilling baby drill we need to stack baby stack..
Maybe something else in play ….
Posted on 7/11/25 at 10:59 am to roll to victory
quote:
When does Drill Baby Drill really start?
Like 5 years ago. We produce more oil than ever now.
Posted on 7/11/25 at 2:02 pm to loogaroo
quote:
Wrong. There’s plenty left out there. Especially in New Mexico where the rock is better. They haven’t done laterals yet on many of those wells and there is plenty left to drill.
In New Mexico, the cost of drilling is notably higher compared to other regions, which necessitates elevated oil prices for operations to be economically viable. Additionally, the regulatory process in the state can significantly slow down drilling activities. As a result, current market conditions make it less appealing to invest in oil production when prices are at $60 or below.
Posted on 7/11/25 at 2:23 pm to Jack Ruby
quote:
Shhhh... You're not supposed to notice that fuel prices are still high. Just take it and shut up, just like an entire blackmail underage sex operation that didn't exist...
So eggs?
Thank GOD for President Trump!
Posted on 7/11/25 at 2:29 pm to roll to victory
quote:
Oil prices are still too high
Too high? At $68 bbl? You think they are going to run out and start drilling like mad at $68/bbl to lose money when the price drops even more? Publicly traded companies have shareholders to answer to.
Posted on 7/11/25 at 2:31 pm to roll to victory
When the oil companies say so.
Posted on 7/11/25 at 4:06 pm to Thecoz
quote:
So it was lowest price when we have the least amount of rigs drilling.
quote:
Maybe something else in play ….
Like ECON 101?
Posted on 7/11/25 at 4:18 pm to dakarx
quote:
There is a 'lease sale' for blocks in the Gulf of America scheduled to happen this fall. They were suspended under Biden,
Only for new permits.
Some companies have been sitting on leases that could be drilled tomorrow, but the cost is too high get the oil out the ground.
Posted on 7/11/25 at 4:22 pm to roll to victory
Wrong metric.
What's the crack spread?
What's the crack spread?
Posted on 7/11/25 at 4:24 pm to roll to victory
quote:
Oil prices
Are you talking about gas prices?
Are people still worried about that creep, with all that's going on? We got Texas...
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