Step 1:rebuild american oil production
Without it, we will not be able to provide needed oil to key countries such as Germany and in turn will not get support for revoking Russian SWIFT status.
That is literally the only card we have to play against this monster that would clip his wings short of major war.
This is what we have been saying forever now. Reinstitute Trumps policies. Reopen Keystone as well.
Unfortunately companies have reassigned their rigs, etc, and are going to be leary of having the rug pulled out from under them again with future elections of Dems obsessed with a fabricated Climate Crisis and/or plan that makes no difference anyways.
Replies to: Step 1:rebuild american oil production
In support of LanceHarbor's post below...(see link)...
but don't overlook our "Consumption" level...
Link: https://www.eia.gov/energyexplained/oil-and-petroleum-products/imports-and-exports.php
there is a supply/demand imbalance and Biden has put up too many hurdles for energy companies to
want to invest. Oil needs to get much higher before the ROI of dealing with Biden covers the risk
This lack of investment by the O&G industry pre-dates Biden by quite a bit...just in case
you don't click on my above post, here is the linked article from it...it's from McKinsey & Co...one of the leading business consulting firms in the world...there is a transition going on...and it's not about doubling-down on FFs.
Do don't have to like it...but you should understand it. We do need to "Keep the Plane Flying" during this transition...i.e. we need to ensure there are sufficient flows of FFs to maintain economies until the alternatives are established...but aggressive searches for, and developments of, new FF reserves is not happening.
Link: https://www.mckinsey.com/industries/oil-and-gas/our-insights/the-big-choices-for-oil-and-gas-in-navigating-the-energy-transition
You're always trying to pin things on others. The challenges are now and Biden's Administration is
doing nothing to help matters. The need for energy is all-consuming. I'm a fan of all of the above, yet Biden and those before him put the brakes on and hurdles in front of many forms of fossil fuels. He's putting more power behind the brakes and higher hurdles.
The O&G industry is changing...if this is an issue you're truly concerned about, take a look at this
summary article from the #1 Business Consulting Firm (McKinsey & Co.) on "Field Services" options for the future...you'll get a good picture of what's been developing over the last several years...and it's not toward a "Drill Baby, Drill" mentality...them's the facts, Jack.
Link: https://www.mckinsey.com/industries/oil-and-gas/our-insights/strategies-for-ofse-companies-confronting-the-energy-transition
You have nailed it. Instead of using our oil reserves as an asset we are trying to destroy
production to America and the world. Does that make sense?
To the leftists running the country and John Kerry
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only to those who believe we all should live in concentrated areas, walk everywhere and grow vegetab
les on rooftop community gardens
But that would kill the planet that’s been around for over 4 billion years. We have about 9 years
left according to AOC.
Link: https://thehill.com/policy/energy-environment/426353-ocasio-cortez-the-world-will-end-in-12-years-if-we-dont-address?amp
We are producing more now than in any year other than 2019.
Ok, 2021 was about 2% off of 2020. 2021 was also more than each of President Trump's first 2 years in office.
Why do people think we aren't producing a shit ton of oil?
And why do people think the Keystone Pipeline equates to us producing more oil?
Think of pipelines as arteries and veins. If you find it and produce it unless it gets to consumers
or exporters it’s of little value. The easier you make that transfer work the more it benefits a nation. Understand?
Come on, don’t be intentionally daft. The Keystone pipeline allows the movement of
a large amount of northern oil to the Mississippi which then can be brought to New Orleans and shipped out.
We ceded the Arctic and Russia moved in immediately (with drilling practices far more damaging to the environment ironically). We ceded much of our then growing capacity.
To answer your other complaint: the US was in the process of gearing up to become the major world supplier of oil.
Our home production rates do not address this. It is the future production for export which is what is our best option in to deal with Putin. Biden eliminated that option in his first days i office. It needs to be restarted.
Even Adam Schiff said yesterday that we needed to get Europe off the Russian oil addiction. This is how…..not begging OPEC for something they won’t or can’t do to the degree necessary.
"REBUILD american oil production."
Many people, including you, are acting like the current administration has caused production to decrease dramatically. It has not.
Perhaps you want to build more and that's a fine discussion. But it's also a different discussion.
And, again, the Keystone XL pipeline only has an effect on Canadian oil sands. If you want to discuss its effect on refinery activity in the U.S. that's fine but, again, it's a different discussion.
It’s amazing how little information some have about energy production. Your life depends on it. And
you don’t have a clue.
Trump was ramping up for export,Keystone to deliver, & sanctioning Nord Stream2 was to prevent Putin
Getting his NG product to Europe. Trump even commented and criticized Merkel for becoming dependent on Russian energy and the danger of that.
So basically, Trump admin saw the coming problem and instituted a plan (Arctic drilling was part of that too) which addresses increasing production, improving delivery and thus cost issues, and inhibiting the enemy from filling the void.
Biden undid all of that. It was fucking stupid and I said so. Now, you see the result.
Correct.
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Thanks PB. I know this is an area of expertise for you. This is all so sad & was preventable but
the Left was so caught up with TDS that they undid anything related to Trump that they could without thinking.
Who would have ever thought that an American president would disassemble itself because of reflex hatred and stupidity?
I agree on Nord Stream, fwiw.
The rest is you changing topics but I appreciate the pivot.
There is no pivot, I am merely spelling it out for you because you made false assumptions and are
having an “Ooooooooh!” moment.
Whatever. If we don’t create the ability to quickly replace the energy void that will occur so that we can properly sanction Russian banks, Putin will be making more moves in the future.
Biden did all of this because of foolish “green” ideology. Is that alleged 0.4 of a degree difference in a century really worth this?
There is no production to rebuild. It's still there.
Your post was silly and I'm about to land.
Your just obfuscating now. Our expansion into exportation of oil/NG needs to be restarted.
I have to vacation now, and your inability to admit you didn’t really understand what you were smugly criticizing is silly. Safe flight.
Answer to your final question - because Canada oil Co. told them so
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Baron, get realistic. After predicting Putin would invade Ukraine, Biden halted oil leasing on
federal land. His (or his handlers') actions are what's important. His actions show that he is NOT going to rebuild American oil production, full stop.
Step 1 is buy a Benelli M4 and wait out the next 2.5 years.
Link: Biden to American people at the pump: Fuck you
I know he won’t, but it is necessary. John Kerry knows it too which is why he said he was worried
about the fallout from this conflict on Climate Change.
I was being satirical. I know you know that.
Overall, we are in trouble for the next 2.5 years.
Yep,I understood…just wanted to add the point that Kerry knows that opening up US oil/NG
production is the solution also….and he is afraid that it might happen because he is insanely obsessed and invested with his Climate Change and carbon credit plan.