Was at my folks house and I pick up their AARP bulletin that discusses the candidates
As you know AARP is nonpartisan and doesn't endorse, but they posed the same question to each candidate regarding the cost of essential items being high. Here's Trump's answer...
We're going to start by drilling and getting oil. I call it "drill baby drill." We're going to start by going in and getting oil because energy prices is what really led to the problem of inflation...
I'll just leave this here:
Production
In 2023, the US produced an average of 12.9 million barrels of crude oil per day, breaking the previous record of 12.3 million barrels per day set in 2019. In December 2023, the US produced a record 13.3 million barrels per day
Replies to: Was at my folks house and I pick up their AARP bulletin that discusses the candidates
AARP is non partisan?
Since when?
And maybe output would be even higher had Biden not interfered
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As the attached article explains, the 'Fracking Industry' is the one holding back investment due to
a "Peaking" in the economics of that technology. In addition, we still have less than 8 years of Proven Oil Reserves which must be 'husbanded' for our military (60% of consumption), as we go through the process of getting Advanced Nuclear Reactors approved and constructed. Trump's "Drill Baby Drill" with no emphasis on Nuclear and Renewables is a Suicide Mission for the USA...one that Trump's BFF, Vladimir Putin would (does) heartily endorse. As for Biden, Casey and Harris support for Fracking...it's only to 'keep the plane flying' until those other sources are able to take over consumer needs for Heat and Power...and in Casey's neck of the woods, to maintain employment and income for PA...which any Senator representing their constituents would/should do.
By no means is Casey "Bucking" Biden...or the Democratic Party Policy of decreasing reliance on Fossil Fuels for Heat and Power...i.e. the BIG PICTURE.
If you disagree with me, I'm more than happy to guide you through the reasoning with in-controvertible facts from the EIA (Energy Information Administration).
Link: https://prospect.org/environment/frackers-restrict-the-flow-and-raise-the-price/
First you said 5 years. Now it's 8. Next thing you know it'll be 50
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As I pointed out to a previous poster, consumption and production both change...do a search of my
posts and the data therein. The salient message you need to comprehend is that even if the 8 yr number were tripled, we are facing a monumental economic and national security catastrophe if we don't replace FFs with Nuclear and Renewable sources for Heat and Power.
Why in the name of all that is holy have you linked a Feb 2022 article?
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"U.S. Shale Boom Shows Signs of Peaking as Big Oil Wells Disappear" (WSJ, 2023)...
...from the attached article...
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HOUSTON—The boom in oil production that over the last decade made the U.S. the world’s largest producer is waning, suggesting the era of shale growth is nearing its peak.
Frackers are hitting fewer big gushers in the Permian Basin, America’s busiest oil patch, the latest sign they have drained their catalog of good wells. Shale companies’ biggest and best wells are producing less oil, according to data reviewed by The Wall Street Journal.
The Journal reported last year companies would exhaust their best U.S. inventory in a handful of years if they resumed the breakneck drilling pace of pre-pandemic times.
Now, recent results out of the Permian, spread across West Texas and New Mexico, are mimicking the onset of a production plateau that has taken place at other, more mature U.S. shale plays.
At a major industry conference here this week, executives cited the stagnation in shale, saying it signaled a return to more dependence on foreign energy sources and more challenging times ahead for major U.S. companies, after most of them posted record earnings last year.
“The world is going back to a world that we had in the ’70s and the ’80s,” said ConocoPhillips Chief Executive Ryan Lance, during a panel at the conference called CERAWeek by S&P Global. He warned that OPEC would soon supply more of the world’s oil.
Oil production from the best 10% of wells drilled in the Delaware portion of the Permian was 15% lower last year, on average, than top 2017 wells, according to data from analytics firm FLOW Partners LLC. Meanwhile, the average well put out 6% less oil than the prior year, according to an analysis of data from analytics firm Novi Labs.
The atrophy of once-booming sweet spots has big implications for the global oil market, which years ago could count on rapidly growing U.S. oil production to blunt the effects of supply disruptions and rising demand. Without successful exploration or technological advances, the industry’s inventory constraints are expected eventually to push companies to tap lower quality wells that would require higher oil prices to attract investment, industry executives say.
Oil production in the U.S. rose from about 7.2 million barrels a day a decade ago to a high of about 13 million barrels a day before the pandemic. But domestic output last year grew at one-third of the annual average pace seen in shale’s heyday from 2017 to 2019, and hasn’t yet caught up with pre-pandemic levels.
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And Trump wants to "Drill Baby Drill"...i.e. he's on a suicide mission at the behest of his owner, Vladimir Putin...the VERY LAST thing Vlad wants, is for America to be GREAT...at anything.
You trained against Russians...what in the name of all that is holy makes you think DJT's love of Putin is good for America?
Link: https://www.wsj.com/articles/u-s-shale-boom-shows-signs-of-peaking-as-big-oil-wells-disappear-2adef03f
Hilarious, a Brit magazine.
You sink lower with each post.
Another example of how clueless DJT is...reminiscent of his reply to the 'Child Care' question, or
his inability to comprehend that a Blanket Tariff on all goods would only tax Americans...and be exceedingly regressive, while setting off a trade war with all nations...
I can just hear Vladimir Putin saying "I Approve This Message".