Things that made you laugh today (Political Version)

[Shaps]

Oh, what difference a year makes...

https://www.yahoo.com/news/biden-mus...174156955.html

"Biden must tap oil reserves to lower gasoline prices, Schumer says"


https://www.eia.gov/energyexplained/...nd-exports.php

"The United States became a net total energy exporter in 2019 for the first time since 1952 and maintained that position in 2020 even though both total energy production and consumption were lower in 2020 than in 2019. Total U.S. energy exports exceeded total energy imports by 3.46 quadrillion British thermal units (quads) in 2020, the largest margin on record. U.S. energy exports in 2020 totaled 23.47 quads, and energy imports fell 13% to 20.0 quads, the lowest level since 1992."

Now due to bad policies, Democrats want to tap the reserve energy supply just so the prices look better during the Holidays and before election season kicks off. Perhaps they could implement better policy, as was established just a year prior?

Oh wait...

What they decide to do instead is beg OPEC and do shit like this: https://www.theguardian.com/world/20...peline-dispute

[Seran]

Oil prices could be tamed by simply putting back in place the crude oil export ban and extending it to oil distillates. Allow our country to maintain critical stockpiles, allow our internal producers to meet demand which will continue to fall due to more efficient vehicles and it would force the rest of the world to deal with OPEC instead of the US leading talks.

[Parkbandit]

Oil prices could be tamed by simply putting back in place the crude oil export ban and extending it to oil distillates. Allow our country to maintain critical stockpiles, allow our internal producers to meet demand which will continue to fall due to more efficient vehicles and it would force the rest of the world to deal with OPEC instead of the US leading talks.

God damn, Seran solved our oil crisis!

Let's pretend we produce more, or at least equal to what we consume... because pretending is the only way Seran's fix actually works.

GOOD JOB SERAN!

[Seran]

God damn, Seran solved our oil crisis!

Let's pretend we produce more, or at least equal to what we consume... because pretending is the only way Seran's fix actually works.

GOOD JOB SERAN!

Not entirely shocked you're completely ignorant on this topic, as has been your track record for nearly every other discussion.

Oil producers break even cost, ie the price per barrel of oil needed to justify the expense of drilling new wells is between $25-$31 dollars per barrel, dependent on rock quality. The break even point to continue service and maintain flow at existing wells is $17 dollars per barrel, according to Rystad Energy.

Lifting the oil export ban of fifty plus years exposed Americans to international oil manipulation by OPEC+ who collectively lowered their outputs to offset American oil flooding the market. This caused oil prices to surge, a massive benefit to US oil companies, but simultaneously began destroying the average America's retail buying power as refiners were forced to jack up their finished product prices to compete with demand for domestic oil. Our country is exporting 3-4 million barrels per day on average, swiftly depleting a strategic, finite resource.

Biden conversely can declare a national security threat and ban exports of crude and refined products to all but specific US allies such as the UK, EU and certain Asian Pacific partners, forcing OPEC+ to ramp up production on idled wells. American refiners who use our most common light, sweet crude would see a subsequent drop in prices due to abundant supply, driving down prices. While refiners who use heavier, sour crude will see a more moderate price drop as Texan and Californian fields with heavier crude will be unidled to meet demand for refineries that specialize in non-fuel products.

[Parkbandit]

God damn, Seran solved our oil crisis!

Let's pretend we produce more, or at least equal to what we consume... because pretending is the only way Seran's fix actually works.

GOOD JOB SERAN!

Not entirely shocked you're completely ignorant on this topic, as has been your track record for nearly every other discussion.

Oil producers break even cost, ie the price per barrel of oil needed to justify the expense of drilling new wells is between $25-$31 dollars per barrel, dependent on rock quality. The break even point to continue service and maintain flow at existing wells is $17 dollars per barrel, according to Rystad Energy.

Lifting the oil export ban of fifty plus years exposed Americans to international oil manipulation by OPEC+ who collectively lowered their outputs to offset American oil flooding the market. This caused oil prices to surge, a massive benefit to US oil companies, but simultaneously began destroying the average America's retail buying power as refiners were forced to jack up their finished product prices to compete with demand for domestic oil. Our country is exporting 3-4 million barrels per day on average, swiftly depleting a strategic, finite resource.

Biden conversely can declare a national security threat and ban exports of crude and refined products to all but specific US allies such as the UK, EU and certain Asian Pacific partners, forcing OPEC+ to ramp up production on idled wells. American refiners who use our most common light, sweet crude would see a subsequent drop in prices due to abundant supply, driving down prices. While refiners who use heavier, sour crude will see a more moderate price drop as Texan and Californian fields with heavier crude will be unidled to meet demand for refineries that specialize in non-fuel products.

US oil consumption per day 2021: 19.7 million barrels per day
US oil production per day 2021: 11.1 million barrels per day

"All we have to do is ban exports of oil and our problems are solved!" - Seran 2021

Math is hard for some people..... here's a gif of Seran actually trying to figure where he went wrong:

[Gelston]

US oil consumption per day 2021: 19.7 million barrels per day
US oil production per day 2021: 11.1 million barrels per day

"All we have to do is ban exports of oil and our problems are solved!" - Seran 2021

Math is hard for some people..... here's a gif of Seran actually trying to figure where he went wrong:

In 2020 we produced more than we used, though.

https://www.eia.gov/energyexplained/...nd-exports.php

[Neveragain]

"All we have to do is ban exports of oil and our problems are solved!" - Seran 2021

Seran wants to nationalize energy production, he's just dancing around the actual wording.

[Gelston]

Yeah, our production has dropped a lot. I think it has to do with the administration more than anything else. We were busting out over 18 million barrels a day last year, over 19 million the year before. IT has nothing to do with exporting, and everything to do with production numbers.

Production isn't expected a massive rise for 2022 either.

[Seran]

US oil consumption per day 2021: 19.7 million barrels per day
US oil production per day 2021: 11.1 million barrels per day

"All we have to do is ban exports of oil and our problems are solved!" - Seran 2021

Math is hard for some people..... here's a gif of Seran actually trying to figure where he went wrong:

Surely you understand math yourself right? Instead of competing on a an international market for the 14.9 million barrel our country is able to produce, our country would return to only importing the shortfall between domestic production and consumption. I know those concepts are foreign.

[Parkbandit]

In 2020 we produced more than we used, though.

https://www.eia.gov/energyexplained/...nd-exports.php

2020 we still were under the Trump policy which caused production to increase.

2020 we were under covid lockdown which caused consumption to decrease to 1995 levels.