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Old 10-06-2022, 04:41 AM
 
Location: Honolulu, HI
24,459 posts, read 9,315,996 times
Reputation: 22811

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Quote:
Originally Posted by tinytrump View Post
Why? Why are they cutting it ? Why do we keep relying on others for our own welfare?
Because domestic nuclear and energy production is evil bad, scary, and horrifying. Mother nature hates it! (according to the left)

So its better to rely on Russians, Elon Musk, and Saudis to keep you warm during the winter.

Last edited by Rocko20; 10-06-2022 at 04:53 AM..
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Old 10-06-2022, 04:49 AM
 
25,805 posts, read 16,456,078 times
Reputation: 15996
Of course since the stock market was trying to recover. And then Jerome low IQ Powell will follow up with something dumber than he did last time if the market tries to recover again. Just like dominoes.
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Old 10-06-2022, 05:13 AM
 
58,749 posts, read 27,092,933 times
Reputation: 14186
Quote:
Originally Posted by Redshadowz View Post
America hasn't been energy independent since the 60's.

https://www.eia.gov/todayinenergy/detail.php?id=43196

But Biden has certainly made things worse.

https://en.wikipedia.org/wiki/United...y_independence
Your site only goes to 2019.

"Trump Just Achieved What Every President Since Nixon Had Promised: Energy Independence"

"Energy Security: Last week, the U.S. exported more oil than we imported, for the first time in 70-plus years. And it happened not because of decades of federal "energy policies," but despite them."

"Since Richard Nixon was in the White House, presidents have pushed national energy plans that, they said, would reduce the country's dependence on foreign oil. These plans all had one thing in common — they all assumed that increased domestic oil production couldn't solve the problem."

"A Radical Change Then President Donald Trump took office and announced a radical departure from 50 years of received energy "wisdom." In a speech to the Energy Department months after taking office, he said that for decades leaders peddled the myth of energy scarcity. Most of it is self-imposed, he said. What the country needs, he said, isn't "alternative" energy, or new austerity measures. It's a government that "promotes energy development." Trump listed actions he was taking to lift federal impediments to energy production.
Lo and behold, Trump was right.
Advanced drilling technologies have opened vast expanses of domestic oil and natural gas. And as domestic production skyrocketed, imports have been steadily dropping." (until biden took over!)

https://www.investors.com/politics/e...endence-trump/
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Old 10-06-2022, 05:49 AM
 
Location: Upstate
9,453 posts, read 9,745,682 times
Reputation: 8816
Quote:
Originally Posted by swagger View Post
Saw a station at $2.96 today. Most are around $3.20-$3.30 right now. The $3.20 stations were at ~$3 a few days ago.
Easily add a dollar increase to that before the end of this year. Right around the holiday shopping season, which will probably ground to a halt and devastate the retail industry. The effects on our economy will be enormous.

Of course all Joe has to do is open the spigots in the US. Oil industry experts say we could easily start pumping 15 million barrels a day, which would lower prices back to the $2 ish dollar range and revive our economy.

Yet Joe would rather get on his knees and grovel to our enemies for more oil while they laugh at him.

We haven't even mentioned heating oil.
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Old 10-06-2022, 06:17 AM
 
Location: Midwest City, Oklahoma
14,856 posts, read 8,181,243 times
Reputation: 4590
Quote:
Originally Posted by Quick Enough View Post
Your site only goes to 2019.
I did look it up, and your information was verified by multiple sources. But I'm a bit confused. Every time I look up American oil consumption per day, it says about 20 million barrels. When I look up American oil production per day it says about 11-12 million. This would mean a deficit of 8 million barrels per day.

https://www.eia.gov/dnav/pet/hist/Le...s=MCRFPUS2&f=M

From what I can tell, the reason these numbers don't align is because "Petroleum" is defined as "crude oil, hydrocarbon gas liquids (HGLs), refined petroleum products such as gasoline and diesel fuel, and biofuels."

https://www.eia.gov/tools/faqs/faq.php?id=727&t=6

Hydrocarbon gas liquids includes propane, liquified natural gas, and a few other things. Biofuels I assume mostly refers to ethanol.

https://www.eia.gov/energyexplained/...n-gas-liquids/

Basically, although we import more than 8 million more barrels of crude oil than we produce/export, we are exporting massive amounts of liquified natural gas and ethanol.

https://www.fas.usda.gov/ethanol-2020-export-highlights

https://www.eia.gov/todayinenergy/detail.php?id=53159

That is what they define as "energy independent".
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Old 10-06-2022, 06:53 AM
 
Location: Honolulu, HI
24,459 posts, read 9,315,996 times
Reputation: 22811
Dems just proposed the removal of US troops from Saudi Arabia as revenge for OPEC cutting production.

LOL, talk about sore losers.
Quote:
Democratic Reps. Tom Malinowski of New Jersey, Sean Casten of Illinois and Susan Wild of Pennsylvania have introduced legislation asking for the withdrawal of all U.S. troops from Saudi Arabia and the United Arab Emirates, after OPEC announced its decision to curb oil production on Wednesday.
https://www.newsweek.com/democrats-p...c-move-1749412
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Old 10-06-2022, 06:55 AM
 
Location: Metro Seattle Area - Born and Raised
4,856 posts, read 2,021,681 times
Reputation: 8575
Are we surprised that Biden messed this up? I’m not. This idiot hasn’t gotten anything right in the last 20 months. Basically, we’re screwed and Biden is too stupid to see it. Biden is the poster boy for “failing upwards” and into the highest position in the United States. Thanks to all the Low Information voters who were too stupid to see that they were being lied too AND being too stupid to fall for every single BS gimmicks thrown out there by the media and big tech.

As for the Saudis, are we shocked that they basically told Biden to pound sand? I’m not since President Potato was talking “chet” about their Crown Prince, who is now running their show. Even when Potato flew to Saudi Arabia to beg them to increase production, you knew this wasn’t going to happen since Potato left without a commitment… So much for a win, Mr. Big Guy.

Sadly, a lot of people are going to have a very cold winter, thanks to Biden’s complete incompetence.

Honestly, if it really gets bad this Winter, I hope Trump tells the Biden Administration to kiss off and flies to Saudi Arabia and broker a deal with the Crown Prince, as a private citizen. I’d bet Trump would leave with a sweetheart deal that will not cost the American people one cent. Basically, the payment to the Saudis would be giving Biden the biggest “pimp slap” in recorded history. All the Saudi’s official spokesman need to say is that do to Mr. Trump’s love for the American people, it touched the Crown Prince and he has now agreed to increase oil production by 2.5 million barrels a day to ease the suffering of the American people.

Well, if Hunter can fly over to China, on Air Force -Two and make deals with the Communist Chinese, that enriches ALL the Bidens, including the “Big Guy,” then Trump can fly to Saudi Arabia and make a deal for the American people…. What’s the difference??
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Old 10-06-2022, 07:06 AM
 
Location: NMB, SC
42,678 posts, read 17,872,014 times
Reputation: 34724
Quote:
Originally Posted by USNRET04 View Post
Easily add a dollar increase to that before the end of this year. Right around the holiday shopping season, which will probably ground to a halt and devastate the retail industry. The effects on our economy will be enormous.

Of course all Joe has to do is open the spigots in the US. Oil industry experts say we could easily start pumping 15 million barrels a day, which would lower prices back to the $2 ish dollar range and revive our economy.

Yet Joe would rather get on his knees and grovel to our enemies for more oil while they laugh at him.

We haven't even mentioned heating oil.
Nor that new 15% corporate tax that will kick in Jan 1 2023.
Remember..."tax those filthy rich corporations" ?
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Old 10-06-2022, 07:08 AM
 
Location: NMB, SC
42,678 posts, read 17,872,014 times
Reputation: 34724
Quote:
Originally Posted by Rocko20 View Post
Dems just proposed the removal of US troops from Saudi Arabia as revenge for OPEC cutting production.

LOL, talk about sore losers.

https://www.newsweek.com/democrats-p...c-move-1749412
So we're "unfriending" SA and cozying up to Venezuela.

Says alot about which way the country is headed.
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Old 10-06-2022, 10:30 AM
 
45,400 posts, read 26,992,566 times
Reputation: 23761
Time to drain the preserves a little more.

White House says OPEC ‘aligning’ with Russia after production cut, will tap reserve

The Biden administration accused members of the OPEC+ exporting cartel of siding with Russia — and announced the release of still more oil from America’s Strategic Petroleum Reserve — after the group agreed to snub US outreach and collectively reduce production.

OPEC+, led by Saudi Arabian Prince Abdulaziz bin Salman, said it would collectively reduce output by 2 million barrels per day beginning in November despite Biden’s July trip to Saudi Arabia to woo Saudi Arabian Crown Prince Mohammad bin Salman.

Biden responded by abruptly announcing that he would release 10 million more barrels from the US strategic reserve next month to offset the cuts by OPEC+ that are likely to boost prices at the pump ahead of the Nov. 8 midterm elections.

...
“Biden’s on track to practically empty our strategic oil reserves to get Democrats elected in November,” tweeted political commentator Eddie Zipperer of Georgia’s Reinhardt University. “Canceling the Keystone Pipeline was a history-book-level screw up.”



What's interesting is that this is getting coverage now, but the DOE announced this two weeks ago.

DOE Announces Notice of Sale of Additional Crude Oil From the Strategic Petroleum Reserve

The U.S. Department of Energy’s (DOE) Office of Petroleum Reserves today announced a Notice of Sale of up to 10 million barrels of crude oil to be delivered from the Strategic Petroleum Reserve (SPR) in November 2022.

...
The President’s announcement authorized DOE to release up to 180 million barrels from the SPR to serve as a wartime bridge as domestic production—which is expected to reach a new record next year—ramps back up. This historic release of SPR crude has already provided approximately 155 million barrels of crude oil supply to the U.S. economy—resulting in certainty of supply for American consumers. Today’s announcement will bring the total to 165 million barrels out of the 180 million barrels the President authorized in March.
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