Energy industry folks
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The energy companies are about profit no doubt. So without defending them the current policies are not helping anyone. More importantly when Psaki was asked if there was any plans for the Companies and the Administration to sit down and work something out the answer was no.
So to cut through all the finger pointing that is happening they need to be having meetings NOW and work something out that gets results. The ones being hurt the most don't want to hear just go buy an electric car. They can't afford it.
So all the articles in the world of pointing fingers at each other is not what they want to hear. They want their elected representatives to fix it.
So if moving to more green energy is what the Administration wants and you support. They are going to need to hear a better transition plan than what they are currently experiencing.
I guess supply & demand escaped this gentleman. Yes we export when we can & that's a good thing . Yes they go to the highest bidder.
If there is ample supply & the ample supply is coming from us than the price will be down . Pretty simple really. Now I do understand the cost of drilling & that the price per barrel must be at a decent price for producers to make a profit. If we are paying about 2.25 to 2.50 a gallon it's a win/ win for all.
If there is ample supply & the ample supply is coming from us than the price will be down . Pretty simple really. Now I do understand the cost of drilling & that the price per barrel must be at a decent price for producers to make a profit. If we are paying about 2.25 to 2.50 a gallon it's a win/ win for all.
The lack of refineries and pipeline infrastructure limits the entire industry.
Similar to the Meat Packing industry. We can produce all crude stock but don't have capacity to refine it and Nat Gas and it's products but do not have pipeline infrastructure to deliver it to market and facilities to process.
FERC and pipeline moratoriums especially in the NE are stunting the delivery and full effects of what we can produce.
Similar to the Meat Packing industry. We can produce all crude stock but don't have capacity to refine it and Nat Gas and it's products but do not have pipeline infrastructure to deliver it to market and facilities to process.
FERC and pipeline moratoriums especially in the NE are stunting the delivery and full effects of what we can produce.
Companies drill for profit loss reasons but the government stands in the way of profitable drilling in many cases so I would suggest Murphy is telling part of the story for whatever reasons.
Our Energy Secretary. This isn't a reasonable transition plan. It's pain compliance without realistic goals.
What's the relief plan until this is a reasonable option for everyone?
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Prices are based on futures speculation. The Biden administration has ceased approving permits for new drilling ergo people are forecasting a constrained supply chain and a reliance on foreign oil. The Biden admin has also, through the cozying up to Iran again, pissed off the UAE and Saudi. They’re no longer willing to aid our current issues with OPEC.
Is what he is saying correct? Partially. He’s focusing on about 1/10th of the problem and projecting it as the whole issue. It’s disingenuous at best, and ultimately lying through omission and obfuscation in reality.
This problem started on Day 1 of this Presidency, we’re just seeing the effects of it now.
The best part is literally everything inside that picture besides their actual human bodies is a byproduct of fossil fuel byproducts and oil and gas drilling byproducts. The hypocrisy that oozes from the pores of the elite could possibly fuel the world.
I’ll add to this.
Let’s think about the last year. We had massive resurgence in the economy thanks for Warp Speed for development of the vaccine (no reason to argue efficacy) and getting those concerned with living, back and engaged in society. We knew there was going to be pent up demand released. However, largely Dem policy of keeping lockdowns in effect, and effectively having people paid to stay home created a worker shortage and an inability to meet that demand. Add in the vax or be fired approach exacerbating further workforce shortages.
Then, couple the policies of this administration to create an antagonistic energy policy, while simultaneously failing to recognize the dynamic shift of personal behavior post COVID of people moving out of cities. So now, they have long commutes in cars vs walking or being able to take public transportation.
Now, factor in supply chain shortages to produce chipsets for cars that are hybrid and EV. Talk to any dealership, massive shortage of available vehicles. Forget about new vehicles, prices have kyrocketed.
All of this has contributed to a massive shortfall and reduced energy futures and we’re at where we’re at. Trying to lay the blame on this at Putin is ridiculous. Suggesting people just go out and buy EVs as a solution when the inventory doesn’t exist is dumb. Not taking your boot off the of the fossil fuel futures’ necks.
These aren’t dumb people in charge. They’re ideologues. They truly believe what they’re saying, and they believe it because they’re disconnected from common people and the common man’s ability to react. They are and have been extremely privileged their whole lives, coming from good homes, good schools, and largely living in the city not experiencing middle America. Hardship is Starbucks being late with Pumpkin Spiced lattes. Their responses to very real problems are extremely tone deaf. You can see it with people like Colbert.
Wait until food shortages later in the year. We have a massive recession coming and extremely high inflation 6 months from now come harvest. They’ve shown zero ability to diagnose the problem. All they’re interested in is not looking responsible, and the reality is, they’re 100% responsible. This is 100% a result of a wide range of policy decision stemming everything from mandates and lockdowns to their ideological position on green energy, to their tax and budgetary policy. There is a time to go after and attempt to achieve their agenda. This wasn’t it. It’s exacerbated the problem tenfold.
Common people, we plebes, we see the issues because we actually understand the connectivity better than they do. We live it every day. We have to make trade offs in life. They’ve never had to. The elections are going to be beyond anything they can imagine because it’s going to be so much worse by the general election than it is now for people. And this group of soft headed tits are still focused on Trump and J6 thinking that’s a winning strategy. This is going to be a reckoning. This is when the Obama Progressive agenda and the RINO Globalist agenda is officially declared DOA. It’s destroyed this country.
Hard Times crest strong men. Strong men create good time. Good times create weak men. Weak men create hard times.
The good news is, the upcoming generation is going to be strong as hell.
The 36" pipe line we put in 3 years ago (MVP) was to small at the time , they cut the row to run 2 36" lines . But that's another project Biden shut down.
We have done the same thing with farmers for decades. The us government subsidizes them and pays them not to maximize their crop production to keep prices controlled.
im not agreeing with or disagreeing with the policy but we have people starving in this country and pay farmers not to produce food.
And that took a lot of money out of the pockets of WVians too. They have gas leased but the gas company doesn't have the transportation lines so extracting that gas is useless.
He says that we have months where we have shipped oil to China. (see link below). He's right, when we reached energy independence under Trump and continued with Biden. Before that, less than 10,000 barrels per month which most likely went to manufacturing or other applications.
People keep focusing on oil, we have a stronger position with natural gas and can ship as LNG if the gov. would get out of the way. NG is a direct competitor to renewables as it's used for heating and not for transportation or manufacturing (a lot less than oil).
The wells that are being drilled in WV-PA and OH is producing, NG, Oil and other gases that is worth more than NG. I have an interest in a well that is burning off NG and capturing the other rare gasses that is mixed in. They built a plant close to the wells to do this.
I also found it funny that he thought that exporting oil was bad for America. He went on to say that renewables would stay in the US. But the solar panels and windmills are made in China...go figure. It was just another stump speech without any real facts to back it up.
The other issue is the adoption curve of going all EV. Our power grid cannot handle it. Our grid can only handle about a 20-30% EV conversion before we overwhelm our grid. If we spend trillions starting now, we might be able to get our grid up to the job by 2050 and that's that's very aggressive.
People keep focusing on oil, we have a stronger position with natural gas and can ship as LNG if the gov. would get out of the way. NG is a direct competitor to renewables as it's used for heating and not for transportation or manufacturing (a lot less than oil).
The wells that are being drilled in WV-PA and OH is producing, NG, Oil and other gases that is worth more than NG. I have an interest in a well that is burning off NG and capturing the other rare gasses that is mixed in. They built a plant close to the wells to do this.
I also found it funny that he thought that exporting oil was bad for America. He went on to say that renewables would stay in the US. But the solar panels and windmills are made in China...go figure. It was just another stump speech without any real facts to back it up.
The other issue is the adoption curve of going all EV. Our power grid cannot handle it. Our grid can only handle about a 20-30% EV conversion before we overwhelm our grid. If we spend trillions starting now, we might be able to get our grid up to the job by 2050 and that's that's very aggressive.
Hilarious Thread here
Exactly. Government intervention and regulation can make the act of drilling non-profitable. Sure, they're free to drill.... but we're going to make it so painful to you that you're not going to bother.
The oil industry ("act of drilling") is no longer profitable in the U.S.? tell us more please
Just like the COVID thing cost Trump, this inflation/energy crisis is going to cost the Democrats dearly in November unless they address it. And it needs to. It's time that the leadership in this country, both Democrat and Republican, listen to the people and fix our problems. All these people can do is point fingers at others. Nobody cares who created the mess we're in; there is enough blame to go around. Just fix it.
Guys ... the Ruble is falling and the dollar will coon collapse. The Juan will be in peril as well.
This is about a global, digital currency ... fully regulated by the government(s).
All by design.
This is about a global, digital currency ... fully regulated by the government(s).
All by design.
So China launched the digital yuan. They have already ran trial runs. People who are fans of Bitcoin should look how it's being ran and who controls it.
Probably worth asking what Biden, Warren, and others might trying to accomplish with their regulation talk.
Probably worth asking what Biden, Warren, and others might trying to accomplish with their regulation talk.
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