Oil
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morekaos
Well-known member
Oil World Turns Upside Down as U.S. Sells Oil in Middle East
The United Arab Emirates, a model Persian Gulf petro-state where endless billions from crude exports feed a giant sovereign wealth fund, isn?t the most obvious customer for Texan oil.
Yet, in a trade that illustrates how the rise of the American shale industry is upending energy markets across the globe, the U.A.E. bought oil directly from the U.S. in December, according to data from the federal government. A tanker sailed from Houston and arrived in the Persian Gulf last month.
https://www.bloomberg.com/news/articles/2018-02-06/u-s-oil-heads-to-middle-east-in-latest-sign-of-shale-s-spread
U.S. could become world's biggest oil producer in 2018
The United States could soon be pumping more oil than any country on earth.
The International Energy Agency said Friday that "explosive" increases in U.S. oil output would push the country ahead of Saudi Arabia this year and put it in a position to challenge top producer Russia.
"This year promises to be a record-setting one for the U.S.," the IEA said. "Relentless growth should see the U.S. hit historic highs."
http://money.cnn.com/2018/01/19/investing/us-biggest-crude-oil-producer-iea/index.html
Winning!
The United Arab Emirates, a model Persian Gulf petro-state where endless billions from crude exports feed a giant sovereign wealth fund, isn?t the most obvious customer for Texan oil.
Yet, in a trade that illustrates how the rise of the American shale industry is upending energy markets across the globe, the U.A.E. bought oil directly from the U.S. in December, according to data from the federal government. A tanker sailed from Houston and arrived in the Persian Gulf last month.
https://www.bloomberg.com/news/articles/2018-02-06/u-s-oil-heads-to-middle-east-in-latest-sign-of-shale-s-spread
U.S. could become world's biggest oil producer in 2018
The United States could soon be pumping more oil than any country on earth.
The International Energy Agency said Friday that "explosive" increases in U.S. oil output would push the country ahead of Saudi Arabia this year and put it in a position to challenge top producer Russia.
"This year promises to be a record-setting one for the U.S.," the IEA said. "Relentless growth should see the U.S. hit historic highs."
http://money.cnn.com/2018/01/19/investing/us-biggest-crude-oil-producer-iea/index.html
Winning!
morekaos said:
Sorry to prick your balloon, but you do realize the so called "shale revolution" happened under Obama's watch, right (2010 onwards).
Obv Obama had no hand in it , it was the result of American ingenuity .
I keep coming back to .. . " never mix your money w your politics"
morekaos
Well-known member
More like Obama couldn't get in the way..
Congressional Leaders Agree to Lift 40-Year Ban on Oil Exports
Accord is a key component to deal on tax, spending legislation.
Dec. 16, 2015 10:38 a.m. ET
WASHINGTON?In a move considered unthinkable even a few months ago, congressional leaders have agreed to lift the nation?s 40-year-old ban on oil exports, a historic action that reflects political and economic shifts driven by a boom in U.S. oil drilling.
The measure allowing oil exports is at the center of a deal that Republican leaders announced late Tuesday on spending and tax legislation. However, Democrats haven?t confirmed the agreement. the agreement hands the oil industry a long-sought victory within days of a major international climate deal that is aimed at sharply reducing emissions from oil and other fuels, a deal opposed by the industry and one that will arguably require its cooperation.
https://www.wsj.com/articles/congressional-leaders-agree-to-lift-40-year-ban-on-oil-exports-1450242995
U.S. Energy Boom Depends On Team Trump Continuing To Deregulate
With such deregulation and changes in policy, there would be an opportunity for U.S. oil and gas production to reach its full potential. There would be greater incentives for more domestic exploration and production. Some studies say that allowing U.S. crude oil exports could generate up to $15 billion in annual revenue for oil producers.
And if conducted in tandem with increased investments in infrastructure and the repeal of the Jones Act, unrestricted exports would provide a boon for domestic oil development, generating economic growth, income, jobs and revenue along the production chain.
https://www.investors.com/politics/commentary/u-s-energy-boom-depends-on-team-trump-continuing-to-deregulate/
Congressional Leaders Agree to Lift 40-Year Ban on Oil Exports
Accord is a key component to deal on tax, spending legislation.
Dec. 16, 2015 10:38 a.m. ET
WASHINGTON?In a move considered unthinkable even a few months ago, congressional leaders have agreed to lift the nation?s 40-year-old ban on oil exports, a historic action that reflects political and economic shifts driven by a boom in U.S. oil drilling.
The measure allowing oil exports is at the center of a deal that Republican leaders announced late Tuesday on spending and tax legislation. However, Democrats haven?t confirmed the agreement. the agreement hands the oil industry a long-sought victory within days of a major international climate deal that is aimed at sharply reducing emissions from oil and other fuels, a deal opposed by the industry and one that will arguably require its cooperation.
https://www.wsj.com/articles/congressional-leaders-agree-to-lift-40-year-ban-on-oil-exports-1450242995
U.S. Energy Boom Depends On Team Trump Continuing To Deregulate
With such deregulation and changes in policy, there would be an opportunity for U.S. oil and gas production to reach its full potential. There would be greater incentives for more domestic exploration and production. Some studies say that allowing U.S. crude oil exports could generate up to $15 billion in annual revenue for oil producers.
And if conducted in tandem with increased investments in infrastructure and the repeal of the Jones Act, unrestricted exports would provide a boon for domestic oil development, generating economic growth, income, jobs and revenue along the production chain.
https://www.investors.com/politics/commentary/u-s-energy-boom-depends-on-team-trump-continuing-to-deregulate/
morekaos
Well-known member
You really think he wanted to encourage energy production? Really?
The Keystone XL pipeline is dead. Here's why Obama rejected it.
https://www.vox.com/2015/11/6/9681340/obama-rejects-keystone-pipeline
Obama administration orders ND pipeline construction to stop
BY DEVIN HENRY - 09/09/16 03:52 PM EDT
120,927
The Obama administration said it would not authorize construction on a critical stretch of the Dakota Access pipeline, handing a significant victory to the Indian tribe fighting the project the same day the group lost a court battle.
The administration said construction would halt until it can do more environmental assessments.
http://thehill.com/policy/energy-environment/295223-obama-administration-orders-nd-pipeline-construction-to-stop
Obama Fracking Rule Is Struck Down by
Court
By CORAL DAVENPORT JUNE 22, 2016
WASHINGTON ? A federal judge on Tuesday night struck down an Obama
administration regulation on the use of hydraulic fracturing, or fracking, for oil and
gas on public lands, a blow to President Obama?s muscular stand on the extraction
https://www.nytimes.com/2016/06/23/us/politics/hydraulic-fracturing-interior-department-regulations.html
The Keystone XL pipeline is dead. Here's why Obama rejected it.
https://www.vox.com/2015/11/6/9681340/obama-rejects-keystone-pipeline
Obama administration orders ND pipeline construction to stop
BY DEVIN HENRY - 09/09/16 03:52 PM EDT
120,927
The Obama administration said it would not authorize construction on a critical stretch of the Dakota Access pipeline, handing a significant victory to the Indian tribe fighting the project the same day the group lost a court battle.
The administration said construction would halt until it can do more environmental assessments.
http://thehill.com/policy/energy-environment/295223-obama-administration-orders-nd-pipeline-construction-to-stop
Obama Fracking Rule Is Struck Down by
Court
By CORAL DAVENPORT JUNE 22, 2016
WASHINGTON ? A federal judge on Tuesday night struck down an Obama
administration regulation on the use of hydraulic fracturing, or fracking, for oil and
gas on public lands, a blow to President Obama?s muscular stand on the extraction
https://www.nytimes.com/2016/06/23/us/politics/hydraulic-fracturing-interior-department-regulations.html
Irvinecommuter
New member
morekaos said:
Apparently oil is the only method to produce energy.
Irvinecommuter
New member
morekaos said:
Of course...Keystone XL pipeline was to be use to transport Canadian tar sand oil out of Canada.
Again facts versus ?feelings ?
Unfortunately I am resigned to looking at hard data as opposed how I feel what someone wanted or not wanted
Obv I don?t like Trumps corrosive effect on our country . At the same time , I don?t like majority of CA Dem politicians either . but when it is a choice (relative value) I can live w the dems over the abyss that is trump and his hardcore base
Doesn?t stop me from participating in the stock market when it sells off 10 percent , because I am not ?sulking ? but looking at objective data
Oil and gas companies have long been sheltered from taxes under every administration . And most laws governing oil production are state level laws , not federal .
Unfortunately I am resigned to looking at hard data
as opposed how I feel what someone wanted or not wantedObv I don?t like Trumps corrosive effect on our country . At the same time , I don?t like majority of CA Dem politicians either . but when it is a choice (relative value) I can live w the dems over the abyss that is trump and his hardcore base
Doesn?t stop me from participating in the stock market when it sells off 10 percent , because I am not ?sulking ? but looking at objective data
Oil and gas companies have long been sheltered from taxes under every administration . And most laws governing oil production are state level laws , not federal .
Irvinecommuter
New member
morekaos said:
Apparently green energy growth doesn't count.
morekaos
Well-known member
Laws banning export of petroleum were federal. Republicans struck down those laws in 2015 paving the way for the export boom we are now witnessing. Production without buyers is a bit pointless. Oil and gas has to get to those export points somehow...pipelines help a lot. Politically, philosophically and administratively Obama and the democrats discouraged dirty fossil fuel production. Whether you agree with them or not, they felt investment in more expensive "renewable " energy was "better". Economics win out on this one, it is all about the numbers.
Irvinecommuter
New member
morekaos said:
Because investment in renewable energy is sustainable and contributes to local economies. Oil production may only benefits a few sections of the country while green energy can be replicated and used throughout the country. It would allow decentralization of power production and allow a stronger and more sustainable power grid.
Why do Republicans always think 20 years behind?
Irvinecommuter
New member
morekaos said:
That's dumb...we should just stick with horse and buggy then. Look at what China and India are doing.
morekaos
Well-known member
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.
Irvinecommuter
New member
morekaos said:
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.
Irvinecommuter
New member
morekaos said:
Keep thinking in 1970s terms.
morekaos
Well-known member
No, they got it wrong back then...
What Hubbert Got Wrong About Peak Oil
Hubbert's fame in peak oil circles comes primarily from the assertion that he accurately predicted the 1970 U.S. peak. Because of this prediction, Hubbert is widely-regarded among peak oil adherents as a visionary.
What Hubbert Got Wrong About Peak Oil
Hubbert's fame in peak oil circles comes primarily from the assertion that he accurately predicted the 1970 U.S. peak. Because of this prediction, Hubbert is widely-regarded among peak oil adherents as a visionary.