Drill baby drill
- Thread starter TarHeelEer
- Start date
And the jobs created are very high paying jobs to guys that don't have college degrees. Exactly the kind of jobs we need more of.
I know first hand. These jobs take plates full of beef. Vegetarians need not apply, it's a matter of human physiology.
True karma, nothing better. The Saudis cranked up the production to drive down costs and try to put U.S. producers out of business and they hurt some companies bad but others just got more efficient and now it's payback time.
I'm happy to see Middle East countries crying uncle but note that the reason isn't because we're producing more oil per se but rather because their is less demand for their oil. In addition to that being caused by use producing more oil it can be caused by us developing renewable energy sources.
ETA: In case I didn't make my point clear, we could have put them in this position long ago had we devoted our resources to developing alternatives. We could have done it before shale came along had we set our minds to it.
ETA: In case I didn't make my point clear, we could have put them in this position long ago had we devoted our resources to developing alternatives. We could have done it before shale came along had we set our minds to it.
We are not producing more oil, are you insane? Our oil production nearly doubled until the oil price collapse. He is now on the rise again. We can now produce very profitable oil at just $50/bbl. from the Permian Basin. OPEC gave up because we could very quickly ramp up our production which caught them by surprise. We have more oil reserves than the Saudi's. The most in the world.
https://www.eia.gov/dnav/pet/pet_crd_crpdn_adc_mbblpd_a.htm
Demand for world wide oil continues to grow:
https://www.iea.org/oilmarketreport/omrpublic/
I didn't say the US wasn't producing more oil, rather I said the Middle East is being hurt by less demand for their oil, which could have been accomplished in ways other than the US producing more oil.
No, that is not true. Green energy or renewables are not what is causing the Middle East oil crisis. It is primarily the U.S. and fracking. As I posted, oil consumption is continuing to rise around the world. You may want to read this article from Slate, as you know, a liberal publication.
http://www.slate.com/articles/techn...laced_by_alternative_energies_anytime_so.html
Again, I don't have time to get into the details but that's a nearly 6 year old article, much has changed.
Swing and a miss, strike two. That's twice you misread what I said in plain English. This may be a dumb move on my part but let me try again.
1. The less demand for Middle East oil the less money they can sell it for.
2. There are two ways to lessen demand for any particular clump of oil. One is to find ways to use less and thus lower demand. The other is to find a way to increase supply OF THE THING THAT THE MIDDLE EAST OIL IS BEING PURCHASED FOR.
Note that last part in caps. It's important. One way to accomplished that thing I mention in #2 is to produce oil from other sources. But another way is to produce SOMETHING ELSE that the oil does so that oil in general (which would include Middle East oil) is in less demand.
Right? Is it starting to sink in?
Sorry, but not that much has not changed. Oil consumption continues to rise globally. From the IEA. OPEC's market share is dropping primarily because of U.S. fracking. As I posted earlier, we now have larger reserves than the Saudi's. They can no longer control the market.
https://www.iea.org/oilmarketreport/omrpublic/
LOL. If we did not have fracking, the Saudi's would still control oil prices through OPEC. Oil demand is still rising. The lower demand for middle eastern oil is primarily due to increased production in the U.S. and some other locations.
You need to look at what oil is used for and how much renewables have reduced that demand (even though world demand continues to rise and will do so for the foreseeable future). Renewables have a bigger impact on electric generation. Oil plays a very small role in that area.
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He's trying to say green energy is what is primarily or even a contributing factor. He's a moron, so, pay no attention.
82 says "traitor44 saved us again"...
U.S. oil production nearly doubled between 2009, when Obama took office, to 2016. Natural gas production shot up around 50 percent in that time. However, the boom in production almost exclusively took place on state and private lands where the Obama administration had little to no control.
Republicans criticized Obama for lagging oil and gas production on federally-managed lands, which largely stagnated while production elsewhere boomed due to hydraulic fracturing and horizontal drilling.
Obama did sign legislation in late 2015 ending the decades-old ban on crude oil exports, but at the same time imposed regulations and pursued international policies aiming to move the world away from fossil fuels in the name of fighting global warming.
Obama joined the Paris Agreement in 2016, promising to cut U.S. greenhouse gas emissions 26 to 28 percent. The Paris accords aimed to keep future global warming below 2 degrees Celsius by 2100 through cutting fossil fuel use, including oil.
President Donald Trump plans on leaving the Paris accord as soon as 2020, and his administration has rolled back Obama-era policies seen as restricting oil and gas production.
The oil boom has continued under Trump, with the U.S. producing a record-setting 11.7 million barrels per day in early November. The U.S. is the world’s largest oil-producing nation, outpacing both Russia and Saudi Arabia in 2018.
AND as the world's leading producer of oil, the US gets to SET THE PRICE...
U.S. oil production nearly doubled between 2009, when Obama took office, to 2016. Natural gas production shot up around 50 percent in that time. However, the boom in production almost exclusively took place on state and private lands where the Obama administration had little to no control.
Republicans criticized Obama for lagging oil and gas production on federally-managed lands, which largely stagnated while production elsewhere boomed due to hydraulic fracturing and horizontal drilling.
Obama did sign legislation in late 2015 ending the decades-old ban on crude oil exports, but at the same time imposed regulations and pursued international policies aiming to move the world away from fossil fuels in the name of fighting global warming.
Obama joined the Paris Agreement in 2016, promising to cut U.S. greenhouse gas emissions 26 to 28 percent. The Paris accords aimed to keep future global warming below 2 degrees Celsius by 2100 through cutting fossil fuel use, including oil.
President Donald Trump plans on leaving the Paris accord as soon as 2020, and his administration has rolled back Obama-era policies seen as restricting oil and gas production.
The oil boom has continued under Trump, with the U.S. producing a record-setting 11.7 million barrels per day in early November. The U.S. is the world’s largest oil-producing nation, outpacing both Russia and Saudi Arabia in 2018.
AND as the world's leading producer of oil, the US gets to SET THE PRICE...
Obama admin's drilling ban after the 2010 BP oil spill cost:
19,000 jobs
$1.1 billion in lost wages
And that's not all.
Obama, care to explain how a drilling ban + destroying jobs & revenue led to "your" oil boom?
And that's not all.
Obama, care to explain how a drilling ban + destroying jobs & revenue led to "your" oil boom?