Another BIG LIE - Germany is a "captive" of Russia?

[thecoalman]

Originally Posted by craigiri

Oil production in the USA proper is at fairly high prices and most of the wells shut down when the prices go very low....shale oil producers will not make a real profit until $50 or higher. It is even questionable if that covers all long term costs and expenses and profits.

Menawhile here on planet earth.

• EIA estimates that U.S. crude oil production averaged 10.9 million barrels per day (b/d) in June, up 0.1 million b/d from the May level. EIA forecasts U.S. crude oil production to average 10.8 million b/d in 2018, up from 9.4 million b/d in 2017, and to average 11.8 million b/d in 2019. If realized, both of these forecast levels would surpass the previous record of 9.6 million b/d set in 1970.

• EIA forecasts that total U.S. crude oil and petroleum product net imports will fall from an annual average of 3.7 million b/d in 2017 to an average of 2.4 million b/d in 2018 and to an average of 1.6 million b/d in 2019, which would be the lowest level of net imports since 1958.

It's hard to see how expensive US and Canadian oil will drive prices down.

It's that production that drove prices down to begin with.

[thecoalman]

Originally Posted by Jstarling

I would like to think that the sun, wind and raging rivers are probably more reliable than some oil producing countries....

In Germany's case neither is reliable, who's side of the argument are you trying to make?



The problem with solar and wind is there is to predictability to it's availability. When the sun isn't shining and the wind isn't blowing that generation capacity has to be met by fossil fuel, nuclear and hydro. Setting aside droughts affecting hydro and some kind of disaster all of these sources of energy are available to produce electric on demand assuming you have a safe supply. Here in the US that supply is safely within our borders, that is not the case for Germany and lot of Europe.

[cremebrulee]

Originally Posted by T-310

What happens when Russia turns off that cheap natural gas?

yupper and that's the bottom line, and yes, they are held captive...would Russia do so, probably not, but if they did, in the winter, it would be a tragic. So, yeah, they are held captive.

How everyone tries to twist and turn his words is just beyond irrational.