I am just repeating what a Venoco exec told me at a party in the Goodland about 5 years ago. The figure he used was $60, and he was talking about drilling, not fracking.
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Gasoline Gasoline!
- Thread starter GromsDad
- Start date
Emptying the SPR doesn't magically increase the US production numbers, which you said were growing bc Biden is caving to Europe. Biden drained the SPR to increase supply on the world market, yes. But overall production has been gradually increasing in the US for several months and is almost 1 million BPD higher than at the end of 2021. Did Joe do that?
Aside from XL, which was a canadian project, what pipelines has Biden killed?
Emptying the SPR will require the SPR to be filled. Remember the SPR is down today over 300 million barrels and dropping. That's about 16 days of every drop of petroleum the US produces. Maybe it doesn't sound like a lot but if the US decided to stop selling oil and devote everything to the SPR global oil markets would be out of control. Just sending a million barrels a month to the SPR will reflect in production numbers. So yes...the SPR does effect production. Russia is threatening to take their oil off the market next month. Even if they cut production in half or even a qtr...where is that going to come from?
I don't know why the Keystone Pipeline became such a hot button issue. I suspect it's because the pipeline companies refused to pay off a bunch of fake Indians (which is a normal course of business) and instead tried to use imminent domain as a tool to get it done. It's a mistake that will have to be corrected in the future and likely will be.
The mountain valley pipeline is one that is being used as a political football. This is the one the admin and dem leadership used to get Manchins vote on the Inflation Reduction Act. It was done this way for a couple reasons. One to get something for it and two to allow the administration to say their hands were tied because it was a law voted on by congress and he wasn't going to veto an otherwise necessary bill and allow the senate to take the heat from the green church.
Biden doesn't approve or deny applications except for the Keystone because it required state department approval and it was his state department. The EO was just for show, just like it was for Trump when he publicly approved it. Other than that administrations use administrative tools to approve, delay, or deny applications. A large one was the Sea Port terminal in Texas that was quietly approved in November. This is one of the projects that was under a lot of pressure from our allies and was being held up while waiting for government reports that seemed to never come. There's quite a few pipeline expansion projects that are being held up in a never ending slow walked approval process. You can see these pipelines now picking up again inside states like Texas with the assumption that the pressure on the Biden admin is enough to get the necessary approval to connect to an out of state pipeline.
Good admins course correct all the time and give in where needed. You can see this admin doing that and you will see that history will be kind to the trump admin doing the same which is remarkable given how dysfunctional it was. The USMCA and the Chips and Science act are going to go down as two of the most important administrative actions for the economic future of the US.
Are you suggesting producers are pumping more oil because they’re filling the reserves? I’ve not read that’s happening. Link me?
No. I'm saying marginal production swings are capable of being influenced by filling the SPR. The amount of oil released is significant and filling it while filling other supply contracts is a likely influence on production. There are numbers of reasons why production numbers can vary. You trying to make a case that oil production is back to normal is silly, It only went up 7 of 12 months of the last 12 and even then marginally. It's around 4 million BPD from normal, which doesn't account for demand increases, which is higher today than before the pandemic and will be higher next year as well. If all is well why did Biden throw a tantrum over SA saying no to production increases. Why is his admin working so hard to get Venezuela oil to market?
Wait, huh? 4 million bpd off normal? What am I missing?
EVs Were More Popular Than Gas Cars a Century Ago, But They Couldn't Avoid Big Problem
Lots of early cars were electrics. But they had problems, some of the same problems affecting electric cars today.
www.westernjournal.com
EVs Were More Popular Than Gas Cars a Century Ago, But They Couldn't Avoid Big Problem
Lots of early cars were electrics. But they had problems, some of the same problems affecting electric cars today.
Lol that article is garbage. But your efforts have paid off and I hear that Gavin is going to reverse his 2035 mandate! Great work!!!EVs Were More Popular Than Gas Cars a Century Ago, But They Couldn't Avoid Big Problem
Lots of early cars were electrics. But they had problems, some of the same problems affecting electric cars today.
Mental illness gets you a monthly disability check, Calfresh, a cell phone, free medical even. In the US any one of us can dial down our lifestyle and live on the streets an not starve.You think that people live in poverty and squalor, with mental illness and addiction, without health care, because of leftists policies?
"Leftist policies" is laughable to start with.
There's nothing leftist about Gangster Capitalism.
Electric vehicle charging: What drivers say N.J.’s doing right and wrong.
Electric vehicle charging stations are popping up all over the place as more EV drivers hit the road.
www.nj.com
Not starving sounds like so much fun.
The problem is the direct influence and subservience of governments to corporations.
The result is alienating people from any mechanism of security.
We can thank late 20th century neoliberal policies for that.
FDR is spinning in his grave.
It started with a lie in the title and went downhill from there.
The body of the article itself, denies the premise of it.
It's as dumb as GroomerDad.
The downtime is the problemElectric vehicle charging: What drivers say N.J.’s doing right and wrong.
Electric vehicle charging stations are popping up all over the place as more EV drivers hit the road.
I do believe there will be a lot more chargers in time, and that engineering may work out the battery efficiency problems that exist in extreme temperatures and heavy loads, but between half hour to an hour for charging is not tenable
High gas costs hurt California drivers as refiners rake in huge profits. These charts explain
High California gas prices and accusations of price gouging play into Gov. Gavin Newsom's plan to cap oil refinery profits in California.
www.latimes.com
We should regulate oil like it's a utility. I hear that's the best way to handle companies that get really big.High gas costs hurt California drivers as refiners rake in huge profits. These charts explain
High California gas prices and accusations of price gouging play into Gov. Gavin Newsom's plan to cap oil refinery profits in California.
How many cars in New Jersey are parked on city streets where charging stations are not practical or feasible? During the summer tourist season would I be allowed to string a really long extension cord across the street and half way down the block to plug my EV in?Electric vehicle charging: What drivers say N.J.’s doing right and wrong.
Electric vehicle charging stations are popping up all over the place as more EV drivers hit the road.
price dropped as much as $.60 a gallon in the span of a week around hereHigh gas costs hurt California drivers as refiners rake in huge profits. These charts explain
High California gas prices and accusations of price gouging play into Gov. Gavin Newsom's plan to cap oil refinery profits in California.
bonkers