They are faaked… last election they cut production to influence the results of the elections for republican favors. They triggered the economy into a recession… gas was like 5. 50 per gallon. To make Joe Biden look very bad. Well i don't think we are going back to that situation again.
Do we really require more US oil — or OPEC oil for that matter? Tis it not time we look to the future and the hearts and minds of our youthful engineering graduates and aspiring engineers for the keys and solutions to our energy crisis and demands? 🤔I believe it is.
Oil production is a real problem for 2 reasons, first, oil demand and usage is declining, and second, oil reserves are rapidly declining and will be virtually depleted by the 2060's.
United States pumped more oil last year then ANY other year in history. More oil than Saudi Arabia. Also is the largest oil exporter to boot. The idea that the Biden administration is hindering oil production is ridiculous.
Spare capacity came out of nowhere! Investors had been working with the theory of tight supply. That thesis is no longer valid. It will be a difficult one for O&G equities. Those in the red may have to cut short their losses.
On a normal trading leverage, I still manage to earn $32,000 weekly from my investment of $3,500, wow I can’t wait for bull run to hit the crypto market so I could make more ..God bless expert Mrs Angela Mae
Its very simple . Us raises output while opec cuts . They gain profits from the higher price with higher production . As they say a win win while opec yes they may get a higher price but on less barrels sold
1. Stop Burning Fossil Fuels as quickly as Economically feasable. 2. Start Spending Real "Government Money" on realistic goals like 1.5 Million Wind Turbines in the Upper West where the Wind Blows, 3. Expand and Update the Electrical Grid to handle distribution of that Power. 4. Molten Salt Solar Facitilites in the Desert Southwest. Well that wold be a start, to my Proposal on such short notice. How dumb are these Folks.
The US is energy independent on oil and a net exporter of oil and value added oil products. Europe is importing less oil as the electrification of transportation continues. With China's economic slowdown, the total imports of oil has dropped in the Asian markets.
OPEC can cut production, but the US and all non-OPEC producers will only increase production to take advantage of the price increase. If OPEC floods the market the World economy will accelerate on cheap energy and within a year stabilize higher prices at increased supply.
Except this top energy analyst wont tell you that anerican oil production is always dependant on high prices . Russia is cutting production in order to increase its influence in the middle east by helping the saudis and in order to beat thr ridicoulous price limit but otherwise the russians can make a profit with 50 dollars a barrell as well abd even less and with constant colossal increses in agribusiness and industrial production theyll need even less in the future . What about the gas station ?
I ONLY seek gas stations below $2.77/G! Americans are sooo poor now due to criminal businesses not paying livable wages, that has has to drop back to $0.99/G permanently for the next 50 years!
So the world is going green by cutting fossil fuel use but production never fell & it might even gone up. Did they just say the fuel price increase was really just a higher profits scheme & for the rich, meaning a typical DC political move screwing over the hard working US Citizens? Wonder how much lobbyists $$$$$$$ went to DC over this.
No doubt fox "news" is NOT covering the fact that we are pumping so much more oil under a Democrat President that we have ever in our history. Under the TRAITOR trump we were importing russian oil. PRESIDENT Biden put a stop to that and prices went up. Prices are still up because of American oil companies GREED!!
The United States has more recoverable oil than any other country in the world. 264 billion barrels. Saudi Arabia has about 212 billion. This count includes conventional and unconventional resource plays, existing fields, and projected finds in likely areas. We have again become the world's largest exporter of crude oil. Biden will be out of office soon and the leases on government land that oil companies had already paid for can begin production. Modern exploration and drilling techniques are a far cry from the 1980s. Unproductive wells don't happen anymore.😀😀
Oil Production has never been the problem, these guys are idiots, it's about having people to buy what we produce ! That happens because of a combination of economics and chemistry. The economics are simple: overseas oil, even after shipping costs, is often cheaper than domestically-produced crude. And, while the U.S. does produce enough oil to meet its own needs, it is often the wrong type of oil.
37 Comments
This is a no win situation long term. If the price at the pump goes up you accelerate the sales of EVs and if you go cheap you drive away investors.
They are faaked… last election they cut production to influence the results of the elections for republican favors. They triggered the economy into a recession… gas was like 5. 50 per gallon. To make Joe Biden look very bad. Well i don't think we are going back to that situation again.
What brand of sweater is that with the Bee logo?
Recession next year will solve a lot
Do we really require more US oil — or OPEC oil for that matter? Tis it not time we look to the future and the hearts and minds of our youthful engineering graduates and aspiring engineers for the keys and solutions to our energy crisis and demands? 🤔I believe it is.
Oil production is a real problem for 2 reasons, first, oil demand and usage is declining, and second, oil reserves are rapidly declining and will be virtually depleted by the 2060's.
United States pumped more oil last year then ANY other year in history. More oil than Saudi Arabia. Also is the largest oil exporter to boot. The idea that the Biden administration is hindering oil production is ridiculous.
Spare capacity came out of nowhere! Investors had been working with the theory of tight supply. That thesis is no longer valid. It will be a difficult one for O&G equities. Those in the red may have to cut short their losses.
GOOD ITS ABOUT TIME THE MONOPOLY SLIME BALLS ARE LOSING MONEY 🤮🤮🤮🇺🇸MAGA
old news
Yet somehow drillers in my state have not drilled and oil well in 6 years and all the wells are shut down.
On a normal trading leverage, I still manage to earn $32,000 weekly from my investment of $3,500, wow I can’t wait for bull run to hit the crypto market so I could make more ..God bless expert Mrs Angela Mae
Got no love for the industry
Its very simple . Us raises output while opec cuts . They gain profits from the higher price with higher production . As they say a win win while opec yes they may get a higher price but on less barrels sold
Yeah, we were energy independent in 2019 and the mainstream media cried like little girls .
the hidden positive and what is what I call the underlying reason……This has a direct effect on Russia's war machine in Ukraine
1. Stop Burning Fossil Fuels as quickly as Economically feasable. 2. Start Spending Real "Government Money" on realistic goals like 1.5 Million Wind Turbines in the Upper West where the Wind Blows, 3. Expand and Update the Electrical Grid to handle distribution of that Power. 4. Molten Salt Solar Facitilites in the Desert Southwest. Well that wold be a start, to my Proposal on such short notice. How dumb are these Folks.
Good
Then why Biden wants to cut oil production? Anti American socialist agenda, despicable.🤔
The US is energy independent on oil and a net exporter of oil and value added oil products. Europe is importing less oil as the electrification of transportation continues. With China's economic slowdown, the total imports of oil has dropped in the Asian markets.
OPEC can cut production, but the US and all non-OPEC producers will only increase production to take advantage of the price increase. If OPEC floods the market the World economy will accelerate on cheap energy and within a year stabilize higher prices at increased supply.
Except this top energy analyst wont tell you that anerican oil production is always dependant on high prices . Russia is cutting production in order to increase its influence in the middle east by helping the saudis and in order to beat thr ridicoulous price limit but otherwise the russians can make a profit with 50 dollars a barrell as well abd even less and with constant colossal increses in agribusiness and industrial production theyll need even less in the future . What about the gas station ?
As you can see economies are slowing down around the world, it is going to be hard to keep the price of oil artificially high.
I ONLY seek gas stations below $2.77/G! Americans are sooo poor now due to criminal businesses not paying livable wages, that has has to drop back to $0.99/G permanently for the next 50 years!
Glad there's no such thing as oil production alternatives.
So the world is going green by cutting fossil fuel use but production never fell & it might even gone up. Did they just say the fuel price increase was really just a higher profits scheme & for the rich, meaning a typical DC political move screwing over the hard working US Citizens? Wonder how much lobbyists $$$$$$$ went to DC over this.
No doubt fox "news" is NOT covering the fact that we are pumping so much more oil under a Democrat President that we have ever in our history. Under the TRAITOR trump we were importing russian oil. PRESIDENT Biden put a stop to that and prices went up. Prices are still up because of American oil companies GREED!!
People have no idea the US is the largest oil producer in the world. Its greedy Republican oil companies selling to the highest bidder which is Asia.
A problem for OPEC? Not with democrats in the white house.
This dude is a beast
Sankey research what a boss
The United States has more recoverable oil than any other country in the world. 264 billion barrels. Saudi Arabia has about 212 billion. This count includes conventional and unconventional resource plays, existing fields, and projected finds in likely areas. We have again become the world's largest exporter of crude oil. Biden will be out of office soon and the leases on government land that oil companies had already paid for can begin production. Modern exploration and drilling techniques are a far cry from the 1980s. Unproductive wells don't happen anymore.😀😀
Oil Production has never been the problem, these guys are idiots, it's about having people to buy what we produce !
That happens because of a combination of economics and chemistry. The economics are simple: overseas oil, even after shipping costs, is often cheaper than domestically-produced crude. And, while the U.S. does produce enough oil to meet its own needs, it is often the wrong type of oil.
Wtf in socal gas is still over five dollars a gallon
The US and Canada has all the oil we need if biden would open up the oil supply
What about the ocean of oil Exon Movil has in Guyana.
Oh, i feel bad for OPEC…… NOT!!
The world must get off the use of oil.
The G🤡P: BiDeN RAisED YoUR GaS PRicEs