Author Topic: Oil  (Read 20073 times)

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Offline Happiness

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Re: Oil
« Reply #60 on: October 31, 2018, 10:00:52 AM »
It's right there in the Constitution. The state shall intervene in any market where the price exceeds acceptable boundaries, and return it to the desired level.

Did you know the government has for decades maintained vast caverns full of  preserved dairy products? Since you are an affluent person, you've probably never seen government cheese or powdered milk which is something we ghetto kids are all too familiar with.

When the price of milk drops below a certain level, the USDA will start buying milk until the price goes back up to stabilize the dairy industry, which is a strategic industry.

Offline Perspective

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Re: Oil
« Reply #61 on: October 31, 2018, 10:04:31 AM »
It's right there in the Constitution. The state shall intervene in any market where the price exceeds acceptable boundaries, and return it to the desired level.

Did you know the government has for decades maintained vast caverns full of  preserved dairy products? Since you are an affluent person, you've probably never seen government cheese or powdered milk which is something we ghetto kids are all too familiar with.

When the price of milk drops below a certain level, the USDA will start buying milk until the price goes back up to stabilize the dairy industry, which is a strategic industry.

UNCONSTITUTIONAL!!! As a standard Republican would say today to this.

Offline fortune11

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Re: Oil
« Reply #62 on: October 31, 2018, 11:26:22 AM »
Not to derail this thread but here is our constitutional scholar

Ted Cruz in 2011: "The 14th Amendment provides for birthright citizenship."

Ted Cruz today in 2018: "I would need to examine the legal arguments behind an executive order, and I haven’t seen those yet."

To add — "And I will take my ugly wife and assassin father and move back to Canada if the ZombieMaster who ate my self-worth decrees it."

Offline morekaos

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Re: Oil
« Reply #63 on: December 12, 2018, 10:27:17 AM »
We control the horizontal...we control the vertical...Take that Paris Climate Agreement!!

Feds Discover Largest Oil, Natural-Gas Reserve in History

In all, the new reserve is said to contain 281 trillion cubic feet of natural gas, 46.3 billion barrels of oil, and 20 billion barrels of natural-gas liquids, the Interior Department’s U.S. Geological Survey said.

COMMENTS
Almost a third of the U.S.’s total crude-oil production comes from the Permian Basin where the reserve was found, making it the biggest shale-oil-producing region in the U.S.

“American strength flows from American energy, and as it turns out, we have a lot of American energy,” said Zinke. “Before this assessment came down, I was bullish on oil and gas production in the United States. Now, I know for a fact that American energy dominance is within our grasp as a nation.”

https://www.nationalreview.com/news/feds-discover-largest-oil-natural-gas-reserve-in-history/

U.S. Becomes a Net Oil Exporter for First Time in 75 Years


America turned into a net oil exporter last week, breaking 75 years of continued dependence on foreign oil and marking a pivotal — even if likely brief — moment toward what U.S. President Donald Trump has branded as “energy independence.”

http://fortune.com/2018/12/06/oil-exports-us/


https://youtu.be/FCcdr4O-3gE

Offline morekaos

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Re: Oil
« Reply #64 on: December 12, 2018, 11:11:53 AM »
Why do you think the price of "clean, renewable" energy is so high?  Is it because its free?  It is not. We sit on so much fossil fuel energy that it will still be powering our world in "20" years.  Its not free but it is plentiful and cheap.  You really think the Chinese believe in global warming?  They control the means of production and that only produces when cheap plentiful energy is available.  Sure they signed the Paris Climate agreement because it cost them nothing and hobbled their competition (US). They went right on buying "dirty" coal, natural gas and oil from anyone who can sell it to them.  Clean energy is a nice story but it can't compete in a energy hungry world without subsidies.  When it can compete, it will but for now we control the levers of energy.  That has been politically driven,  That's a good thing.

Yes...I absolutely believe that the Chinese believe in global warming.  Chinese government is a lot of stupid things but it is pragmatic.    It realizes that renewable energy allows it to 1) take the lead in renewable energy production and industries, 2) control and maintain domestic power production, and 3) be a leader in the world where renewable energy is the the future.   

http://money.cnn.com/2017/07/18/technology/china-us-clean-energy-solar-farm/index.html

Only GOP thinks in 1970s terms.

Don't trust the Chinese, they think in 1970's terms...


China is building coal power again

Experts are calling for the government to return to cutting capacity after policy reversal, reports Feng Hao

the sector’s resurgence is wildly out of line with the Paris Agreement, which commits countries to limiting the average global temperature rise from climate change by 2 degrees Celsius above the pre-industrial period.

Facts on the ground

Satellite imagery reveals that many coal-fired power projects that were halted by the Chinese government have quietly restarted.

Analysis by CoalSwarm estimates that 46.7 gigawatts of new and restarted coal-fired power construction is visible based on satellite imagery supplied by Planet Labs. The coal-fired power plants are either generating power or will soon be operational. If all the plants reach completion they would increase China’s coal-fired power capacity by 4%.

https://www.chinadialogue.net/blog/10761-China-is-building-coal-power-again/en

Offline morekaos

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Re: Oil
« Reply #65 on: September 16, 2019, 12:17:45 PM »
We control the horizontal...we control the vertical...Take that Paris Climate Agreement!!

Feds Discover Largest Oil, Natural-Gas Reserve in History

In all, the new reserve is said to contain 281 trillion cubic feet of natural gas, 46.3 billion barrels of oil, and 20 billion barrels of natural-gas liquids, the Interior Department’s U.S. Geological Survey said.

COMMENTS
Almost a third of the U.S.’s total crude-oil production comes from the Permian Basin where the reserve was found, making it the biggest shale-oil-producing region in the U.S.

“American strength flows from American energy, and as it turns out, we have a lot of American energy,” said Zinke. “Before this assessment came down, I was bullish on oil and gas production in the United States. Now, I know for a fact that American energy dominance is within our grasp as a nation.”

https://www.nationalreview.com/news/feds-discover-largest-oil-natural-gas-reserve-in-history/

U.S. Becomes a Net Oil Exporter for First Time in 75 Years


America turned into a net oil exporter last week, breaking 75 years of continued dependence on foreign oil and marking a pivotal — even if likely brief — moment toward what U.S. President Donald Trump has branded as “energy independence.”

http://fortune.com/2018/12/06/oil-exports-us/


https://youtu.be/FCcdr4O-3gE

Anybody care to guess where oil prices would be today if this was not our reality?  Drill baby drill!! saved us...

Brent crude oil jumps the most in history after Saudi attacks


Oil prices soared after a coordinated attack hit the heart of Saudi Arabia’s oil industry on Saturday, forcing the kingdom to cut its oil output in half.

Brent crude futures, the international benchmark, rose as much as 19.5% to $71.95 per barrel at the open, the biggest jump on record. The contract closed the session up 14.6% at $69.02.

U.S. West Texas Intermediate futures climbed as much as 15.5% to $63.34, the biggest climb since December 2008. The contract settled at $62.9, up $8.05 or 14.8%.

https://www.cnbc.com/2019/09/15/us-crude-oil-jumps-15percent-after-drone-strikes-disrupt-saudi-crude-production.html

Offline morekaos

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Re: Oil
« Reply #66 on: September 16, 2019, 12:37:13 PM »
$60 oil is the sweet spot. If we get to that price and hold everybody is happy. The producers make lots of money the consumer is not too angry and the country exports a fortune and reduces its deficit. Couple that with the export of natural gas and that’s a formula for winning

I still think this stands...we are just fine.

Offline morekaos

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Re: Oil
« Reply #67 on: November 23, 2021, 02:41:09 PM »
Time to revive this thread…the Chancellor of energy has no idea how much oil (energy) we consume on a day when the Ministry of Plenty felt they needed to deplete ou strategic oil reserve to try and control prices (not an emergency and totally ineffective). Dumb and dumber.

Biden’s Energy Secretary Has No Idea How Much Oil Americans Need


Speaking to reporters at the White House Tuesday afternoon, Department of Energy Secretary Jennifer Granholm was asked how many barrels of oil Americans consume and need each day. She claimed she didn't have the answer.

The answer is 18 million barrels, which exposes President Biden's move to release 50 million barrels from the  Strategic Petroleum Reserve as a futile, political move.

https://townhall.com/tipsheet/katiepavlich/2021/11/23/bidens-energy-secretary-has-no-idea-how-much-oil-americans-need-n2599575

 

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