OT: Non Political take on Energy Independence
- Thread starter PirateDawg
- Start date
- Status
Solid info right there.
That same Forbes contributor wrote this article earlier this week: Russia supplies the US with 7 percent of all imports.
That same Forbes contributor wrote this article earlier this week: Russia supplies the US with 7 percent of all imports.
I wish there was some way to just pump Canadian crude oil directly from Canada to the Louisiana oil refineries.
Probably just a pipe dream.
Probably just a pipe dream.
I never expected it to take so long to get our oil production back up to pre-Pandemic levels. It’s definitely costing us at the pump right now.
Yes that is a very good article. The fact that it addresses the reality that an effect we see and feel isnt always attributable to the easiest answer was nice to see.
Ive lived and worked around refining industry nearly all my life. The current squeeze on oil supply is primarily driven by the crazy idea that you can quickly transition from fossil fuels to wind/solar in a few years. This idea now has a stranglehold on banks, investors, and funds. The shareholder will punish you for not going green. For that reason, the majors have slashed their E/P investments in half. Theyre spending some of that money trying to turn cowshit into fuel and the like. The rest is being returned to the shareholders in the multibillions/qtr.
OPEC+ / China are not morons - they know the west is bending over for the radicals likely fueled by their financing. They will gladly strangle supply and take our $$$ to finance their agendas while at the same time laughing as the west standard of living drops and 3rd worlds reach out to them for loans/help.
Covid recover and limited supply is the perfect storm for $5/gal this summer before the recession hits.
OPEC+ / China are not morons - they know the west is bending over for the radicals likely fueled by their financing. They will gladly strangle supply and take our $$$ to finance their agendas while at the same time laughing as the west standard of living drops and 3rd worlds reach out to them for loans/help.
Covid recover and limited supply is the perfect storm for $5/gal this summer before the recession hits.
What you just typed makes sense.
...but it isnt what the author claims. He said
I guess what you are saying and what the author is saying could be the same thing if the author thinks the transition to alt energy started in spring of '20.
Of course, both your observations and the author's observations could be true. The fast change to alt energy and the reduction in production 2 years ago could both play a role in what we are now seeing.
As said, I definitely dont know whats accurate. I think that is what is so difficult for many to figure out- they read things that conflict and also make sense, and figuring out what is accurate(more accurate?) is tough.
Did you miss the first 3 Keystone stages?
Good lord, politics has fried a bunch of brains.
Good lord, politics has fried a bunch of brains.
Sucks how long it takes
Investors want cash built back up and more certainty that high dollar / barrel pricing is here for the long term before they decide to drill on the stockpiled permits. Nature of the industry I suppose and the consumer has to eat it after major market shocks that something like global pandemics bring.
Investors want cash built back up and more certainty that high dollar / barrel pricing is here for the long term before they decide to drill on the stockpiled permits. Nature of the industry I suppose and the consumer has to eat it after major market shocks that something like global pandemics bring.
Covid released from a lab in China swings elections in the US and brings the world to its knees. US borrowing more money from China to fight Covid. Russia doing what Russia does. George Soros funded social unrest…
Let’s go Brandon!
Let’s go Brandon!
Last edited:
You don't think Keystone exists either?
Oof.
ETA: I read it as "we'd be independent if XL was under construction" which is a horrible horrible take.
Oof.
ETA: I read it as "we'd be independent if XL was under construction" which is a horrible horrible take.
Last edited:
This is correct. It will be a short term bite but will ease as domestic production will switch from saving up reserve cash to pumping the oil and gas out of the ground.
Its almost spring so EU will get a break from gas prices as demand weakens. And US will be sending them gas next winter.
We might find ourselves a net exporter next year.
Its almost spring so EU will get a break from gas prices as demand weakens. And US will be sending them gas next winter.
We might find ourselves a net exporter next year.
What do you expect from a guy who wishes the Army of Northern Virginia had..
come out on top at Gettysburg? Lost cause and all....
come out on top at Gettysburg? Lost cause and all....
One thing missed is the federal courts have put a number of permits on hold this week. That's going to hurt.
Depends.
Won't impact the market for several years. Drillers have permits stockpiled and Biden has pissed of the progressives by ramping up permit issuance in 2021. Maybe it's an issue down the road but permitting is not a bottleneck at the moment nor should it be any time soon.
Won't impact the market for several years. Drillers have permits stockpiled and Biden has pissed of the progressives by ramping up permit issuance in 2021. Maybe it's an issue down the road but permitting is not a bottleneck at the moment nor should it be any time soon.
If we want energy independence can someone explain this:
The United States was a net importer of crude oil and petroleum products (imported more than it exported) in the first of half of each year until the first half of 2020, when the United States became a net exporter (exported more than it imported) by 432,000 b/d of crude oil and petroleum products.Sep 17, 2021
The United States was a net importer of crude oil and petroleum products (imported more than it exported) in the first of half of each year until the first half of 2020, when the United States became a net exporter (exported more than it imported) by 432,000 b/d of crude oil and petroleum products.Sep 17, 2021
Well let’s unpack:
- lab leak theory most likely true
- booming economy halted - its the economy that swings elections
- nearly half of all dollars ever printed were during Covid which is the spark for current inflation
- Russia makes another move to annex former territory
- it’s no secret that Soros funded DAs / no bail are directly tied to runaway violent crime in dem cities
Are you disputing any of these?
I'll give my feedback. I live in Florida and there is a huge thread about gas prices on Nextdoor. There is a big position of drill baby drill to meet oil demands in the country. When I posed the question/idea that we live in the state with the second biggest coastline in the country and we have overwhelmingly voted against nearshore drilling as well as lobbied hard against deep shore off of our coastlines, people that want to drill more are against it in Florida. It's the classic case or NIMBY.
I also see so much hate when renewable energy is discussed. I can't grasp that viewpoint. We have a finite amount of oil on this planet, there is an exponentially growing amount of cars on the road, there has to be pivot. Take the climate change conversation out of the discussion. It just makes sense to look for other options. I understand the technology isn't perfect right now, we absolutely should not all go to EV's because the practicality isn't there, but we need to embrace the ideas of renewable.
I would like to ask the oil people this question. If we decided to go US oil produced staying in country and we are truly oil independent, what happens if we get a Hurricane Harvey then a Hurricane Laura within one month? Does gas go to $10 a gallon? One last thing with regards to oil independence is, wouldn't we have to tell US oil companies to only sell to the US. Isn't that kind of socialist? That's not a political comment it's just an observation. I don't have an agenda I just want to understand the thought process of people that I think are reasonable. Flame away!
I also see so much hate when renewable energy is discussed. I can't grasp that viewpoint. We have a finite amount of oil on this planet, there is an exponentially growing amount of cars on the road, there has to be pivot. Take the climate change conversation out of the discussion. It just makes sense to look for other options. I understand the technology isn't perfect right now, we absolutely should not all go to EV's because the practicality isn't there, but we need to embrace the ideas of renewable.
I would like to ask the oil people this question. If we decided to go US oil produced staying in country and we are truly oil independent, what happens if we get a Hurricane Harvey then a Hurricane Laura within one month? Does gas go to $10 a gallon? One last thing with regards to oil independence is, wouldn't we have to tell US oil companies to only sell to the US. Isn't that kind of socialist? That's not a political comment it's just an observation. I don't have an agenda I just want to understand the thought process of people that I think are reasonable. Flame away!
- Status
Get unlimited access today.