Are we headed towards a train wreck in oil supplies?

[Borgia_dude]

@Camp

You did not include Alaska.

Comically inept…Just like Brandon.

You are right, I purposely left Alaska off the map because it isn’t where you will get additional oil any time in the next five years. Conventional Arctic has a high BEP ($80) so nobody will invest big in Alaska. Their last lease sale was a disaster attracting no majors and minimal bids.

But I did mention Alaska in the text which I will repeat since you couldn’t be bothered to read it the first time…

@Borgia_dude

The four states I listed account for 80% of oil production in the US. That’s why I excerpted the pic. That’s where the oil is, federal or private. (Except Alaska, which has a lot but there are other consideration…BEP)

Maybe you should actually read the posts instead of just getting distracted by the pictures.

[Camp]

Back for more.

Alaska who?

[JayJay]

@Camp

Means Brandon doesn’t like US oil or strategic energy policy.

What do you think it means?

You have zero ability to not speak in talking points, do you?

[WuWei]

@PurpnGold

@WuWei

Nah, I like tribal storytelling.

Looks like you were wrong, expert.

Nah.
…

[WuWei]

@JayJay

and Russia.

No.
…

[JayJay]

@WuWei

@JayJay

and Russia.

No.
…

Yes. I posted the story- they got into a price war…our oil industry reeled.

We can produce a lot of oil.

We are not and cannot be energy independent by “drilling more”.

Because most of what we produce and can be produced was propped up, not by profits but by a mountain of credit.

A host of reasons why we can’t drill our way to independence…most of them market-based.

[Camp]

If we ran say 60 percent LNG vehicles…It would be easy to be COMPLETELY energy independent.

Bonus for clean emissions.

[Borgia_dude]

[quote=“JayJay, post:828, topic:241517”]

@WuWei

@JayJay

and Russia.
[/quote]

No.
…

Yes. I posted the story- they got into a price war…our oil industry reeled.

Yes, right before Covid hit, Russia and SA caused the price to drop and the oil companies felt the pinch. Then Covid hit and it all went downhill even further.

[Borgia_dude]

@JayJay

Because most of what we produce and can be produced was propped up, not by profits but by a mountain of credit.

Unconventionals has done a good job in reducing cost and hopefully will provide ROI to investors. Unfortunately, those first years went though some of the easiest oil when still learning how to economically drill and complete.

[Call_me_Ishmael]

How are they gonna charge electric cars if fossil fuels become scarce? AOC is gonna weigh in on this with some schtoopid remark.

[WuWei]

Imagine if capacity had been planned 8 years ago.

Elon Gault had a nice little talking about capital allocation.

[PurpnGold]

@WuWei

Imagine if capacity had been planned 8 years ago.

Sounds like shareholders said…nah.

Pesky capitalism

[Samm]

@Borgia_dude

@Samm

@Borgia_dude

@Samm

@Borgia_dude

You seem very confused as you have been unable to follow the conversation. Why do you always jump into conversations and muddle up your comprehension?

Let’s cut to the chase … did you or did you not say "Nothing is stopping oil companies from drilling more wells … "?

Sigh In context I was speaking about oil companies allegedly being hampered by the liberals attacking them via denial of permits, for example. I’ve been discussing this topic on multiple threads, some of which you have participated in so I am a bit surprised that you are feigning ignorance here. It sure looks like you are attempting a very feeble “gotcha” so if that’s your goal…you got me.

But on topic, oil companies aren’t drilling more due to fiscal conservatism on their part. That conservatism is driven by the points I made above. Hope that helps.

Who do you think those environmentalists and Federal permitees are?

Already addressed this.

Yes. You denied it the first time too.

[Borgia_dude]

@Samm

@Borgia_dude

@Samm

@Borgia_dude

@Samm

@Borgia_dude

You seem very confused as you have been unable to follow the conversation. Why do you always jump into conversations and muddle up your comprehension?

Let’s cut to the chase … did you or did you not say "Nothing is stopping oil companies from drilling more wells … "?

Sigh In context I was speaking about oil companies allegedly being hampered by the liberals attacking them via denial of permits, for example. I’ve been discussing this topic on multiple threads, some of which you have participated in so I am a bit surprised that you are feigning ignorance here. It sure looks like you are attempting a very feeble “gotcha” so if that’s your goal…you got me.

But on topic, oil companies aren’t drilling more due to fiscal conservatism on their part. That conservatism is driven by the points I made above. Hope that helps.

Who do you think those environmentalists and Federal permitees are?

Already addressed this.

Yes. You denied it the first time too.

You have this bad habit of jumping into conversations, not understanding the context, and then dropping a “gotcha” ignoring the context. Then when the context is pointed out to you, you get pedantic, ignore it and say, “But you said X”.

I already said you got me.

I’ve addressed the permits multiple times. They aren’t terribly relevant and explained multiple times why.

[Samm]

@Borgia_dude

@Camp

Again you take a tangential approach.

We can start with resurrecting Keystone XL with full Congressional approval so Presidents can’t sink investment for their Ukrainian energy interests.

Fine, go ahead and approve KXL. Makes no diff to me and it would give Canadian oil more flexibility in their supply chain. Doesn’t increase supply though.

Actually, it would. When transportation cost goes down, it makes more marginal fields more economically practical to produce.

[Samm]

@Borgia_dude

@Guntsu

Oil is a global commodity, we would have extract a massive quantity in order to influence markets and American oil companies are not just going to “ramp up” based on oil prices and it affecting the American consumer.

I don’t know why it is so hard for conservatives to comprehend this very basic fact.

That’s about as far from the truth as you could get. The argument for ramping up domestic production has to do with energy independence and balance of trade … and ending the purchasing of energy from countries who do not have the best interests of America at heart.

[Samm]

@JayJay

@Borgia_dude

@Guntsu

Oil is a global commodity, we would have extract a massive quantity in order to influence markets and American oil companies are not just going to “ramp up” based on oil prices and it affecting the American consumer.

I don’t know why it is so hard for conservatives to comprehend this very basic fact.

The speak, hear and understand only in talking points.

^^^ Irony at it’s finest.

[Samm]

@Borgia_dude

@Samm

@Borgia_dude

@Samm

@Borgia_dude

@Samm

@Borgia_dude

You seem very confused as you have been unable to follow the conversation. Why do you always jump into conversations and muddle up your comprehension?

Let’s cut to the chase … did you or did you not say "Nothing is stopping oil companies from drilling more wells … "?

Sigh In context I was speaking about oil companies allegedly being hampered by the liberals attacking them via denial of permits, for example. I’ve been discussing this topic on multiple threads, some of which you have participated in so I am a bit surprised that you are feigning ignorance here. It sure looks like you are attempting a very feeble “gotcha” so if that’s your goal…you got me.

But on topic, oil companies aren’t drilling more due to fiscal conservatism on their part. That conservatism is driven by the points I made above. Hope that helps.

Who do you think those environmentalists and Federal permitees are?

Already addressed this.

Yes. You denied it the first time too.

You have this bad habit of jumping into conversations, not understanding the context, and then dropping a “gotcha” ignoring the context. Then when the context is pointed out to you, you get pedantic, ignore it and say, “But you said X”.

I already said you got me.

I’ve addressed the permits multiple times. They aren’t terribly relevant and explained multiple times why.

And you have the bad habit of repeating your mistakes pretending that you were not called out on them the first time you made them. So here we are again …

[amadeus]

@Samm

@Borgia_dude

@Guntsu

Oil is a global commodity, we would have extract a massive quantity in order to influence markets and American oil companies are not just going to “ramp up” based on oil prices and it affecting the American consumer.

I don’t know why it is so hard for conservatives to comprehend this very basic fact.

That’s about as far from the truth as you could get. The argument for ramping up domestic production has to do with energy independence and balance of trade … and ending the purchasing of energy from countries who do not have the best interests of America at heart.

It’s hard to know how much oil production can be "ramped up, " or at least when. But it’s been ramping up, in general, since 2005. The EIA 2022 annual report suggests production may increase until about 2030, but not like the old days. Then flatten out into the forseable future. By the way, who purchases the oil?

[Borgia_dude]

@Samm

@Borgia_dude

@Camp

Again you take a tangential approach.

We can start with resurrecting Keystone XL with full Congressional approval so Presidents can’t sink investment for their Ukrainian energy interests.

Fine, go ahead and approve KXL. Makes no diff to me and it would give Canadian oil more flexibility in their supply chain. Doesn’t increase supply though.

Actually, it would. When transportation cost goes down, it makes more marginal fields more economically practical to produce.

Agreed, already granted the point with Sneaky. I just don’t think that incremental supply would amount to much. The oil sands are some of the most costly and environmentally unfriendly sources there is.