9000 unused leases on Federal land.

Damocles said:
There are more leases being drilled than at any time in the past by percentage, you should actually read the article I linked to.

The reality is, Brandon has lied to you again. He first tried to make you believe that inflation that has been building for a year was "transitory" and caused by logistics issues, then tried to pretend that printing and spending more money on a non-infrastructure "infrastructure" would actually lower inflation (in-frickin'-sane), then tried to tell you it was truck drivers' fault, then tried to tell you it was "greedy companies" and now is trying to tell you it is Russia's fault when only 2% of our gasoline comes from that source, and when it is shown that it is a lie, he just blames it on someone else. The buck never stops in Brandon's administration, nothing that demented child-king does could possibly affect the nation he "leads"... He is King of the Fools. They'll believe anything he says regardless of reality. Thankfully only about 35% of the nation are that foolish.

You can't have it both ways, Brandon... you can't actively work to end fossil fuels and also pretend that nothing you have done could possibly affect their production.
Click to expand...

It doesn't matter how much or how little oil the US produces because the global market is controlled by OPEC.

So if we quadrupled production in the US, OPEC would just reduce their production by the same amount in order to maintain the price per barrel.

Now, if OPEC sees increased US production as an offense, they could ramp up their own production, bottom out the oil market, and cause as many bankruptcies in the domestic oil industry as there were in 2015-16 when they last increased production as a response to US production increases which dropped the price per barrel from $96 in 2014 to $52 in 2015.

You fucking idiots think the US is magic when it comes to the oil market and that if we increase production it will mean cheaper gas when that simply isn't the case and never has been.

It's not in an oil company's financial interest to increase production because that would result in a lowering of the price per barrel, and thus a lowering of their revenues and profits.
 
Damocles said:
There are more leases being drilled than at any time in the past by percentage, you should actually read the article I linked to.

The reality is, Brandon has lied to you again. He first tried to make you believe that inflation that has been building for a year was "transitory" and caused by logistics issues, then tried to pretend that printing and spending more money on a non-infrastructure "infrastructure" would actually lower inflation (in-frickin'-sane), then tried to tell you it was truck drivers' fault, then tried to tell you it was "greedy companies" and now is trying to tell you it is Russia's fault when only 2% of our gasoline comes from that source, and when it is shown that it is a lie, he just blames it on someone else. The buck never stops in Brandon's administration, nothing that demented child-king does could possibly affect the nation he "leads"... He is King of the Fools. They'll believe anything he says regardless of reality. Thankfully only about 35% of the nation are that foolish.

You can't have it both ways, Brandon... you can't actively work to end fossil fuels and also pretend that nothing you have done could possibly affect their production.
Click to expand...

you're a bitter libertarian

get over yourself
 
Primavera said:
Fossil fuels developed on federal lands, including coal, are responsible for as much as a quarter of the country’s downstream carbon dioxide emissions, according to the U.S. Geological Survey, a statistic that’s underscored criticism of continued drilling from environmental groups and climate activists.
Click to expand...

You're such a fucking idiot.

It is simply not in US oil company interests to increase production because that would drive down the price per barrel and make most of those oil companies insolvent because the cost of extracting and transporting the oil is more than what they can get for it on the global market by increasing production.

Seriously, you're a fucking idiot and anyone who thinks like you is also a fucking idiot.

None of you morons understand that oil is a global commodity and that all oil is bought and sold in the same global market.

Nothing we do will have anything more than a nominal and temporary impact on the price per barrel, and the risks are much greater because OPEC could -at any time- obliterate the US oil market completely by ramping up production like they did back in 2015.
 
LV426 said:
It doesn't matter how much or how little oil the US produces because the global market is controlled by OPEC.

So if we quadrupled production in the US, OPEC would just reduce their production by the same amount in order to maintain the price per barrel.

Now, if OPEC sees increased US production as an offense, they could ramp up their own production, bottom out the oil market, and cause as many bankruptcies in the domestic oil industry as there were in 2015-16 when they last increased production as a response to US production increases which dropped the price per barrel from $96 in 2014 to $52 in 2015.

You fucking idiots think the US is magic when it comes to the oil market and that if we increase production it will mean cheaper gas when that simply isn't the case and never has been.

It's not in an oil company's financial interest to increase production because that would result in a lowering of the price per barrel, and thus a lowering of their revenues and profits.
Click to expand...

all crude is sold on the global market...US oil, Saudi oil, Russian oil...all of it

Yeah I'm wondering why big oil would buy leases then not drill, looking for tax write-offs or limiting supply to boost prices.....hard to figure
 
LV426 said:
You're such a fucking idiot.

It is simply not in US oil company interests to increase production because that would drive down the price per barrel and make most of those oil companies insolvent because the cost of extracting and transporting the oil is more than what they can get for it on the global market by increasing production.

Seriously, you're a fucking idiot and anyone who thinks like you is also a fucking idiot.

None of you morons understand that oil is a global commodity and that all oil is bought and sold in the same global market.

Nothing we do will have anything more than a nominal and temporary impact on the price per barrel, and the risks are much greater because OPEC could -at any time- obliterate the US oil market completely by ramping up production like they did back in 2015.
Click to expand...
Oil companies do just fine on $50-60 oil
 
LV426 said:
Well, I mean GM does it...you only need a credit score of 550 to get an $80K loan: https://bettercreditblog.org/gm-financial-review/
Click to expand...
That is totally inaccurate...........did you not read the whole thing?
The amount you qualify for depends on credentials like your income and your credit report, as well as how long of a loan term you want.

A higher income, better credit scores, and longer loan terms allow for more significant loan amounts.

LV426 said:
Why? They let poorer people get home loans with no money down just 15 years ago.
Click to expand...
and like I stated previously, they appeared to have learned not to do that anymore.
 
Primavera said:
You just can't stop bullshitting!!


Myth: Keystone XL Exports Internationally

This myth is based on pure misinformation, but somehow it is still shared. Oddly, rumours persist that the pipeline would export oil to China, but that’s not in the plans. Keystone XL brings Canadian oil to refineries in the Gulf Coast. These refineries are locked in to long-term contracts to receive oil from Keystone XL, so the reality is that the oil will not be exported internationally.

https://www.mainlandmachinery.com/ke...ths-and-facts/
Click to expand...

Look it up...
 
Damocles said:
There are more leases being drilled than at any time in the past by percentage, you should actually read the article I linked to.

The reality is, Brandon has lied to you again. He first tried to make you believe that inflation that has been building for a year was "transitory" and caused by logistics issues, then tried to pretend that printing and spending more money on a non-infrastructure "infrastructure" would actually lower inflation (in-frickin'-sane), then tried to tell you it was truck drivers' fault, then tried to tell you it was "greedy companies" and now is trying to tell you it is Russia's fault when only 2% of our gasoline comes from that source, and when it is shown that it is a lie, he just blames it on someone else. The buck never stops in Brandon's administration, nothing that demented child-king does could possibly affect the nation he "leads"... He is King of the Fools. They'll believe anything he says regardless of reality. Thankfully only about 35% of the nation are that foolish.

You can't have it both ways, Brandon... you can't actively work to end fossil fuels and also pretend that nothing you have done could possibly affect their production.
Click to expand...

Wow, where was that fire during the Trump administration?
 
LV426 said:
No, it was actually Bush the Dumber and your Nazi pals who reduced lending standards for subprime loans beginning in 2004.

Democrats didn't control anything in 2004.
Click to expand...
It was YOUR Nazi pals that reduced the standards. It just took a while to catch up with us and cause a collapse of the housing industry.


Hey, Barney Frank: The Government Did Cause the Housing Crisis

Congressman Frank, of course, blamed the financial crisis on the failure adequately to regulate the banks. In this, he is following the traditional Washington practice of blaming others for his own mistakes. For most of his career, Barney Frank was the principal advocate in Congress for using the government's authority to force lower underwriting standards in the business of housing finance. Although he claims to have tried to reverse course as early as 2003, that was the year he made the oft-quoted remark, "I want to roll the dice a little bit more in this situation toward subsidized housing." Rather than reversing course, he was pressing on when others were beginning to have doubts.
Click to expand...

His most successful effort was to impose what were called "affordable housing" requirements on Fannie Mae and Freddie Mac in 1992. Before that time, these two government sponsored enterprises (GSEs) had been required to buy only mortgages that institutional investors would buy--in other words, prime mortgages--but Frank and others thought these standards made it too difficult for low income borrowers to buy homes. The affordable housing law required Fannie and Freddie to meet government quotas when they bought loans from banks and other mortgage originators.
Click to expand...
 
Last edited:
ExpressLane said:
Yes some companies drill to many risky projects
Click to expand...

No, the price per barrel dropped from $96 to $52 because OPEC increased production.

The bankruptcies were so bad that there was a bailout fund created for them in 2015: https://www.congress.gov/bill/114th-congress/senate-bill/3163?s=1&r=92


Big deal there are about 9,000 independent oil and natural gas producers in the United States.
Click to expand...

All of which could be bankrupted TOMORROW if OPEC decided to increase production.
 
SmarterthanYou said:
That is totally inaccurate...........did you not read the whole thing?
Click to expand...

Yes, I did read it. Did you understand it? I guess not.


The amount you qualify for depends on credentials like your income and your credit report, as well as how long of a loan term you want.
Click to expand...

Right, so?


A higher income, better credit scores, and longer loan terms allow for more significant loan amounts.
Click to expand...

The loans go as high as $125K.

Auto loan debt doubled in the last decade, more than any other debt
https://news.yahoo.com/auto-loan-debt-doubled-in-the-last-decade-145400808.html



and like I stated previously, they appeared to have learned not to do that anymore.
Click to expand...

Have they?

https://www.google.com/search?q=aut...IAZwJkgEDMi45mAEAoAEByAEIwAEB&sclient=gws-wiz
 
How did the cancelling of a no yet begun construction project raise gas prices so much?
 
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