The Frankish Reich Posted November 27 Posted November 27 3 hours ago, LeviF said: Its entire ruling class, including Sheinbaum (interesting name for a Mexican), is parasitic Interesting take from someone named (((Levi))) 1
Roundybout Posted November 27 Author Posted November 27 1 hour ago, AlBUNDY4TDS said: Because of the miles of red tape required to drill for our own? We are drilling more oil than ever in the country’s history. What else do you want?
AlBUNDY4TDS Posted November 27 Posted November 27 2 minutes ago, Roundybout said: We are drilling more oil than ever in the country’s history. What else do you want? To not buy it from Canada? 1
4th&long Posted November 27 Posted November 27 (edited) 1 hour ago, AlBUNDY4TDS said: So no government restrictions get in their way? Good talk. You asked the question, look it up educate yourself. The only govt. restrictions are on govt land anyway. The oil companies have plenty of their own land. Look up why we import oil and what we do with US oil. Lost the govt restrictions you speak of. Edited November 27 by 4th&long
4th&long Posted November 27 Posted November 27 1 hour ago, ChiGoose said: Because our refineries weren’t built to process the shale oil we get here and are better suited to crude we can import. So we make something that is more useful to others so we sell it to them and buy things that are more useful to us. Makes sense to me. Finally, somebody looked it up. The US produces sweet crude oil. Other countries produce sour crude oil. In the early 2000’s US refineries switched to refining sour crude oil, it is cheaper to buy. The oil companies sell the sweet crude oil to other countries at a nice profit. It is not cost effective for them to switch their refineries back to refining sweet crude oil. That is why we import oil. a few years back there were 9,000 permits that companies were granted to drill, they did not drill. Why? They are in business to make money. If it is not profitable they will not drill, it cost millions to drill a. Why would they spend millions to drill to lower oil prices? They won’t, they like high oil prices, it is profitable and less hassle than drilling. There was arguing over the 9,000 permit number, but it in half, I don’t care. The bottom line is there was a ***** tone of permits issued that didn’t get used. and the US produced more oil per month under Biden than under trump. Look it up. 3
sherpa Posted November 27 Posted November 27 24 minutes ago, 4th&long said: You asked the question, look it up educate yourself. The only govt. restrictions are on govt land anyway. I am quite certain you know nothing about this.
4th&long Posted November 27 Posted November 27 1 minute ago, sherpa said: I am quite certain you know nothing about this. Look it up
The Frankish Reich Posted November 27 Posted November 27 4 minutes ago, 4th&long said: Finally, somebody looked it up. The US produces sweet crude oil. Other countries produce sour crude oil. In the early 2000’s US refineries switched to refining sour crude oil, it is cheaper to buy. The oil companies sell the sweet crude oil to other countries at a nice profit. It is not cost effective for them to switch their refineries back to refining sweet crude oil. That is why we import oil. a few years back there were 9,000 permits that companies were granted to drill, they did not drill. Why? They are in business to make money. If it is not profitable they will not drill, it cost millions to drill a. Why would they spend millions to drill to lower oil prices? They won’t, they like high oil prices, it is profitable and less hassle than drilling. There was arguing over the 9,000 permit number, but it in half, I don’t care. The bottom line is there was a ***** tone of permits issued that didn’t get used. and the US produced more oil per month under Biden than under trump. Look it up. Exactly. The price of oil on the world market is right at a tipping point now; if it goes much lower, U.S. shale oil fields will start to go dormant again. Reminder: there is an international market in petroleum. Now let me pose a question: if you wanted to juice U.S. production, wouldn't you slap a new/larger tariff on OPEC oil? Now let me pose another question: would Trump's friends the Saudis appreciate that? UPDATE: Trump team says no exemption for oil from the 25% Mexico/Canada tariff. So let's make Saudi oil cheaper than oil from our own regional allies. Again, say what you want about leverage vs. Mexico. Why punish Canada? 2
4th&long Posted November 27 Posted November 27 4 minutes ago, sherpa said: I am quite certain you know nothing about this. This is why trump wants to do away with the dept of education. He loves people like you, he needs more of you. Don’t bother to read up on a topic you want to try to discuss. There are many reasons to learn about the oil market, politics is the least of which!
AlBUNDY4TDS Posted November 27 Posted November 27 2 minutes ago, 4th&long said: This is why trump wants to do away with the dept of education. He loves people like you, he needs more of you. Don’t bother to read up on a topic you want to try to discuss. There are many reasons to learn about the oil market, politics is the least of which! The dept of education is effective how exactly?
sherpa Posted November 27 Posted November 27 22 minutes ago, 4th&long said: Look it up I don't need to look it up. I know how that market works and I've traded it through various instruments for quite a while, as well as working for a company that is deeply dependent on the energy market. I have no need to "look it up."
4th&long Posted November 27 Posted November 27 30 minutes ago, AlBUNDY4TDS said: The dept of education is effective how exactly? Well with How obviously stupid a large portion of America is… ladies and gentlemen exhibit A. You got me there LOL! 16 minutes ago, sherpa said: I don't need to look it up. I know how that market works and I've traded it through various instruments for quite a while, as well as working for a company that is deeply dependent on the energy market. I have no need to "look it up." Share your knowledge then.
Biden is Mentally Fit Posted November 27 Posted November 27 2 hours ago, Coffeesforclosers said: Listen. Smart Businessman will save America, just look at how the Wizz Kids crushed North Vietnam. Prior to Covid, America did well under the Orange Man. Breathe deeply. You, democracy, and America will all survive his second presidency. Related - how badly did democrats have to fk up to allow Hitler to ascend to the throne TWICE? Rhetorical question.
sherpa Posted November 27 Posted November 27 3 hours ago, 4th&long said: Well with How obviously stupid a large portion of America is… ladies and gentlemen exhibit A. You got me there LOL! Share your knowledge then. You are a bridge too far. To use a football metaphor, based on your username, you are a 4th and way too long.
daz28 Posted November 28 Posted November 28 11 hours ago, K D said: The point of the tariffs is as a negotiation tactic. Not to actually impose them. Mexico's economy would collapse if they can't sell to the US. They will have to comply We can't simply go without produce, though. 4 hours ago, Biden is Mentally Fit said: Prior to Covid, America did well under the Orange Man. Breathe deeply. You, democracy, and America will all survive his second presidency. Related - how badly did democrats have to fk up to allow Hitler to ascend to the throne TWICE? Rhetorical question. Obviously some tariffs were a good idea and that why they remain in place, but surely tariffs to bring back specific, targeted industries is better than blanket tariffs. It would also be nice to have an idea how the effects of the migration and drug tariffs are going to be monitored for success. If this is just an extension of the abject failure 'war on drugs', then I don't like it one bit.
OrangeBills Posted November 28 Posted November 28 6 hours ago, 4th&long said: Finally, somebody looked it up. The US produces sweet crude oil. Other countries produce sour crude oil. In the early 2000’s US refineries switched to refining sour crude oil, it is cheaper to buy. The oil companies sell the sweet crude oil to other countries at a nice profit. It is not cost effective for them to switch their refineries back to refining sweet crude oil. That is why we import oil. a few years back there were 9,000 permits that companies were granted to drill, they did not drill. Why? They are in business to make money. If it is not profitable they will not drill, it cost millions to drill a. Why would they spend millions to drill to lower oil prices? They won’t, they like high oil prices, it is profitable and less hassle than drilling. There was arguing over the 9,000 permit number, but it in half, I don’t care. The bottom line is there was a ***** tone of permits issued that didn’t get used. and the US produced more oil per month under Biden than under trump. Look it up. In a state of shock, I will give credit for the first sensible post I've seen here from the Left in like 3 years. Well done
daz28 Posted November 28 Posted November 28 38 minutes ago, OrangeBills said: In a state of shock, I will give credit for the first sensible post I've seen here from the Left in like 3 years. Well done Huh? The right will call these facts fake news, and still firmly believe that drill baby drill is going to solve inflation. Shock would be maga admitting they were duped on ANYTHING.
JaCrispy Posted November 28 Posted November 28 13 hours ago, sherpa said: I am quite certain you know nothing about this. Probably a safe assumption…😉
JaCrispy Posted November 28 Posted November 28 8 hours ago, Tommy Callahan said: @4th&long is so pissed because it makes Biden/Harris look like idiots…🤣🤣🤣
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