Verified User
record high domestic production and i willl consider it.Originally Posted by Walt
he promised his base he was going to end fossil fuel, so im not optimistic.
Back To Reality
Almost certainly we will have record high oil production some point in 2023, so Biden will be going into the 2024 election with the all time record, while trump is most famous for nearly destroying the oil industry by allowing prices to go negative.
Daniel Patrick Moynihan said it best, "You are entitled to your opinion. But you are not entitled to your own facts."
Paul Begala, "Politics is show business for ugly people."
Stephen Colbert, "Reality has a well known liberal bias."
trump is a child rapist. We all know it.
Phantasmal (11-25-2022)
Verified User
ButterMilk Man
JPP Contributor
In reality space production as stopped increasing a full 1 million barrels a day below the peak:
https://www.naturalgasintel.com/u-s-...energy-crisis/U.S. exploration and production (E&P) companies kept output for the week ended Oct. 21 at 12.0 million b/d, flat with the prior week and roughly in line with the level maintained through the fall, EIA said in its latest Weekly Petroleum Status Report.
I choose my own words like the Americans of olden times........before this dystopia arrived.
DARK AGES SUCK!
Blackwater Lunchbreak (11-26-2022)
ButterMilk Man
JPP Contributor
The U.S. Shale Boom Is Officially Over
https://www.yahoo.com/video/u-shale-...010000352.htmlThe days of explosive growth in U.S. shale oil production are over. American oil production is rising, but at a much slower pace than it did before the 2020 crash, and at lower rates than expected a few months ago.
The new priorities of the shale patch – capital discipline and a focus on returns to shareholders and debt repayments – have coupled with supply chain constraints and cost inflation to drag down U.S. oil production growth.
The Biden Administration’s mixed signals to the American oil and gas industry, with frequent blaming of the sector for high gasoline prices and, most recently, a threat of more taxes, are not motivating U.S. producers, either. Many are reluctant to commit to spending more on drilling when there isn’t any medium-to-long-term vision of how the U.S. oil and gas resources could be used to boost America’s energy security and help Western allies who depend on imports.
I choose my own words like the Americans of olden times........before this dystopia arrived.
DARK AGES SUCK!
Blackwater Lunchbreak (11-26-2022)
Back To Reality
Ever since trump destroyed the market, investors have been demanding capital disbursements. But the prices have gone up enough that it is possible to both invest, and make disbursements at the same time.
Daniel Patrick Moynihan said it best, "You are entitled to your opinion. But you are not entitled to your own facts."
Paul Begala, "Politics is show business for ugly people."
Stephen Colbert, "Reality has a well known liberal bias."
trump is a child rapist. We all know it.
ButterMilk Man
JPP Contributor
They are choosing to not, because they dont trust the nations leadership that keeps trying to hurt them. Getting record production next year is not likely, and even if we did we dont have enough refinery capacity, and the chances that this gets fixed run near zero.
I choose my own words like the Americans of olden times........before this dystopia arrived.
DARK AGES SUCK!
ButterMilk Man
JPP Contributor
Surprisingly Tucker was working Friday....he spent a good amount of time on the oil and oil product problem.
As an Aside Tuckers $3 Florida abode was supposed to be his official main home but he has been saying recently that he is living full time at his Maine vacation home. He and Fox news built at studio there roughly 50/50. He does Tucker Carlson Tonight there and guests come in to record Tucker Carlson Today there as well, at least three a week. He sold his DC where they were made the subject of Revolution Direct Action.
I choose my own words like the Americans of olden times........before this dystopia arrived.
DARK AGES SUCK!
Back To Reality
So investors around the world do not trust all the nations leaderships? Really?
There was a lot of money destroyed by trump, and investors want to see profits so they can believe the profits are real.
Then you are risking nothing by promising to support Democrats if we get record production before the 2024 election.
American capacity is rising a bit, but the rest of the world has so much over capacity that it is difficult to get anyone investing in capacity. It is difficult to shutdown capacity when there is so much government money to keep it open.
Daniel Patrick Moynihan said it best, "You are entitled to your opinion. But you are not entitled to your own facts."
Paul Begala, "Politics is show business for ugly people."
Stephen Colbert, "Reality has a well known liberal bias."
trump is a child rapist. We all know it.
Verified User
how did trump destroy the market? tell me a joke, clown.
Back To Reality
By allowing oil prices to go negative. After that, all investors demanded to see capital disbursements. That has caused a major problem in the oil production.
Daniel Patrick Moynihan said it best, "You are entitled to your opinion. But you are not entitled to your own facts."
Paul Begala, "Politics is show business for ugly people."
Stephen Colbert, "Reality has a well known liberal bias."
trump is a child rapist. We all know it.
Verified User
so he made oil cheaper?
is that what you mean by destroying the market?
you're a bad person.
Back To Reality
He made oil a negative price. No one is going to invest money to produce oil that they then have to pay money to get rid of. I certainly will not; does that make me a bad person? No, that makes me a sane person.
trump destroyed the stability of the oil market, which is never coming back.
Daniel Patrick Moynihan said it best, "You are entitled to your opinion. But you are not entitled to your own facts."
Paul Begala, "Politics is show business for ugly people."
Stephen Colbert, "Reality has a well known liberal bias."
trump is a child rapist. We all know it.
ButterMilk Man
JPP Contributor
Your Trump fantasies are Sam Harris worthy.
I choose my own words like the Americans of olden times........before this dystopia arrived.
DARK AGES SUCK!
Verified User
oil was never a negative price.
don't be stupid.
did you ever get paid to fill up your car?
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