Eventually you will have to come to terms with the fact that the days of cheap energy in all forms are over. Your days of mindlessly burning up cheap oil are over. You will have to conform your lifestyle to that reality right along with the rest of us.
BIDEN BLOWS UP OIL PRICES BY CANCELLING DRILLING IN U.S. NOW BEGS OPEC
- Thread starter Swanson
- Start date
newfie
Well-Known Member
are you blind? Conservatives have been begging biden to release the restrictions on domestic oil so we can once again become energy independent.
Your side keeps singing the praises of high oil prices in helping the conversion to green energy.
Wally
BrownCafe Innovator & King of Puns
I don't see Al Gore, John Kerry, or other climate change Democrats cutting back on their enormous energy use?
Meanwhile we need coal and nuclear power plants if you plan on switching carbon production. All those battery powered vehicles will need that fossil fuel powered electricity.
Like the rest of you people you never bothered to check on the EIA numbers. According to the EIA US domestic oil production will average 11.91 MPD in 2022 and rise to A NEW RECORD 12.77 MBD next year. This is entirely in keeping with what US oil companies have been saying for the past year or more. Their drilling schedule will only increase US oil production by a small amount in order to keep prices high in order to make good on it's well publicized plan to return an astounding 25-75% of it's free cash back to shareholders,
And BTW the word is CONSERVATION as in finding ways to use no longer cheap fossil fuels in a more efficient manner. Not political conservatism. And for that matter as Professor Siegal of the Wharton School Of Business pointed out, today we are only using ne fourth the amount of energy to produce a dollar of GDP than we did in the 1970's. So we're making progress.
Spot on. Why did the Japs invade the South Pacific Islands?....oil. Why did Hitler invade North Africa driving headlong toward the Middle East?.....oil. We have been spilling American blood and treasure for continued access to foreign source oil ever since Kasserine Pass. Not to mention Desert Storm was for oil.
Now if a new technology can be developed that will holds promise of cheaper, cleaner and secure energy what American wouldn't want that? And hopefully no parent of the future will get a telegram from the war department telling them that their kid got his head blown off in Tunisia or will spend eternity at the bottom the Pacific Ocean or in a US military cemetery somewhere in Europe.
newolddude
Well-Known Member
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DriveInDriveOut
Inordinately Right
Apparently you're assuming things. The U.S. was by far the biggest producer of oil in 1940. Followed by Venezuela and the Soviet Union. The Middle East? One oilfield in Iraq. That's it. Indonesia was producing more oil than the Middle East.
Notice 2 things in your comments.....1940. It's now 2022 and an entirely new GLOBAL energy environment....Secondly, You mentioned all of these countries. Well hello! These are sovereign nations and increasingly powerful players in that new GLOBAL energy environment . It's THEIR OIL and they will use it to further their own interests and they are not going to give a flying face fornication about what the West thinks about it. Just as Big Oil has taken an entirely new approach designed to protect it's bottom line and the EIA numbers confirm it oil rich nations are doing the same thing.
The only thing that might help us in the near term is the fact that OPEC collectively is running about 3.5 MPD BELOW is total quota. Only Kuwait and Saudi Arabia are above their respective quotas. But the Russians have succeeded in getting OPEC as a whole to cut production at a time when the EU is suffering from no Russian energy which accounted for 70% of their energy needs and the US short on oil and may have to help keep the EU from freezing to death this winter. Fortunately, the EU is saying that they have enough natural gas on hand for this winter but is still trying to reach agreement on an equitable distribution formula.
Putin is clearly trying to back the West into an energy bind in order to get a Ukraine War settlement that is entirely on his terms.
oldngray
nowhere special
DriveInDriveOut
Inordinately Right
Democrats.
It's called nuclear power and you people on the left are against it. Instead you fall for silly carbon offset scams and solar boondoggles.
Notice that I was responding to you running fast and loose with historical facts. Not the first time and doubt it'll be the last.
And what facts was I running loose with? It's all PUBLIC information. Granted the source isn't Fox News. Then again the American taxpayer didn't have to scrounge up 107K scarce public dollars to keep you alive just so you could sit around all day in front of your television watching Fox News. They want you to start paying taxes not consuming them.
You specifically created non facts concerning WWII. Why do you think I mentioned 1940?
The American taxpayer didn't have to scrounge up $107k for me. So there.
The American Rescue Plan set aside 50 billion dollars to cover the hospital bills that deadbeats like you who refused to buy health insurance stiffed them for. So there.
Where did I say specifically 1940 AND WWII? Hitler and Tojo had no oil to fuel their global conquests so they invaded the places where it was. Ok so we were the largest producer oil in 1940. What you failed to disclose was how many barrels per day we were consuming in 1940. Well, in an effort to help you out according to the USEIA US domestic oil production in 1940 was 4.9 MBPD and we were consuming about the same amount. Today were are producing about 11.9 MBPD and consuming on average 20 MBPD.
No it didn't.