US Oil Producers Fail to Produce

[Seran]

It's still better than your "US OIL PRODUCERS FAIL TO PRODUCE ENOUGH" to "OMG THE OIL PROFITS ARE JUST GREEDY!" to "OMG BIDEN LOWERED THE PRICE OF OIL TODAY BY 12%"

You are literally the last person who should criticise anyone for anything.

Biden, OPEC, the entirety of Congress and really anyone who drives a car who isn't you or a Conservashit thinks we need more oil and yet where is it? President is doing what he can through the SPR, but you idiots act like he's got a dial to magically make the oil companies start pumping.

[Seran]

Some Much Needed Substance On The Russian Oil Debate

Now we are looking high and low for replacements in a lot of places with less than savory reputations, and some under U.S. sanctions currently. As I have explained in various places recently, oil companies need blending stock to improve the API gravity of the throughput from their refineries. As the BTU Analytics graph below shows, the major fracking basins that produce most of the ~9 mm BOPD that we rely upon, produce very little of this heavy oil. That’s just life.


What this means though is that we have to replace like for like in terms of API gravity oil, and once again therein lies the rub. Nations that the president is contacting to ease the strain on American motorists include: Venezuela, Saudi Arabia, and Iran. What is the likelihood of our "friends" in these far-flung places coming to our rescue?

California, namely the southern Central Valley is home to the lowest API "the dirtiest" crude oil in the world. My home town's oil reserves at an API of 13 for Kern River and Midway-Sunset are estimated at somewhere near 600-750 million barrels depending on where you source (Wikipedia, versus California DOE) and yet it is completely left out of this list. Why? Because the majority of those wells have been idled for the past 10-15 years due to low oil prices and and two of our three chief refineries shutting down. Russian crude meanwhile, sits near an API of 35 and is cited as the "heavy crude" needed for American refineries. So an honest person might say, if we're important 400-600,000 barrels of medium grade crude, why not un-idle any of the approximately 7,600 idle wells. https://www.latimes.com/projects/cal...-idle-cleanup/ makes the answer pretty clear: liability. Sitting at estimates costs pushing past 500 million dollars to cap and remediate the wells once they're official exhausted, no oil producer wants to inherit the liability from Chevron, Occidental, Elk Hills or a handful of others. You may hear Kevin McCarthy who was my representative blame Gavin Newsom for not approving drilling "new wells" and for good reason, large swaths of California have been left as wastelands. https://e360.yale.edu/assets/site/_1...mages_2000.jpg

"OMG OIL PROFITS ARE JUST GREEDY" isn't the half of it. The oil companies have billions of dollars available for remediation they will never do and access to oil they never intend on making available because doing so will hurt their profits.

[Neveragain]

Tell me you don't understand how the budget works without telling me you don't understand how a budget works.

That's literally the same pie chart from the page you referenced, the only difference is the one you posted is from 2021.

Which parts do you want to cut Rocktar, because we all know you're more than willing to piss away tax dollars on war?

[Neveragain]

Rocktar is like that evil dictator in all those shitty 80's movies that has a huge military while all his subjects are starving to death.

[Parkbandit]

Biden, OPEC, the entirety of Congress and really anyone who drives a car who isn't you or a Conservashit thinks we need more oil and yet where is it? President is doing what he can through the SPR, but you idiots act like he's got a dial to magically make the oil companies start pumping.

You went from "BIDEN HAS NO EFFECT ON THE PRICE OF GAS! IT'S BECAUSE THE OIL COMPANIES ARE NOT PRODUCING ENOUGH!" to "BIDEN HAD THE EFFECT ON OIL TO LOWER IT BY 12%!" in a timespan of a week.

Relax. No one is even close to your title.

Don't burn yourself out by trying to out retard yourself.

Save it for the next challenger.

[~Rocktar~]

That's literally the same pie chart from the page you referenced, the only difference is the one you posted is from 2021.

Which parts do you want to cut Rocktar, because we all know you're more than willing to piss away tax dollars on war?

It's literally you not understanding that discretionary spending is not the only spending that can be changed in the budget dumbass. And no, I don't want war, have been arguing against war all along so make up some other bullshit. Though if it comes to paying for the defense budget or welfare, I am for defense first. All of the budget needs shrunk, all of it and loads of it need to go away completely.

[Seran]

You went from "BIDEN HAS NO EFFECT ON THE PRICE OF GAS! IT'S BECAUSE THE OIL COMPANIES ARE NOT PRODUCING ENOUGH!" to "BIDEN HAD THE EFFECT ON OIL TO LOWER IT BY 12%!" in a timespan of a week.

Relax. No one is even close to your title.

Don't burn yourself out by trying to out retard yourself.

Save it for the next challenger.

Haha, you're a worthless troll. I pity you.

[Parkbandit]

Haha, you're a worthless troll. I pity you.

Tell me which part of it isn't true?

It's all here in this very thread. You started it out by claiming that oil producers aren't producing enough oil. Then when the price was spiking, you claimed that Biden has no control over the price.. that it's the oil companies that are just being greedy... then when the price drops in one day, you claimed that it was all Biden's doing.

Literally in this very thread.

You have no idea what you are talking about on any subject and just regurgitating what you heard on MSNBC... but the problem is: you keep contradicting yourself... especially when you are called out on your stupidity.

You aren't trolling.. you are literally this.fucking.stupid. to believe it as you are posting it.. but then when it's read back to you.. "OMG U R TROLLING!"

[Methais]

Did we not expect oil to go up when the world collectively stopped traveling for years, and suddenly had a demand again?

What exactly has Biden done? I'm honestly asking cuz all I can find is people blaming Biden but unable to explain what he's done.

Remember how we were energy independent until Biden got into office, and now we're not? Probably has something to do with that.

[Methais]

Don't expect a real answer. Check Reuters, Bloomberg, Fox News, whatever you want and no one has an answer beyond, "Biden needs to support the oil industry." That's about as non answer as you'll get.

You sure to read/watch Fox News a lot. Why is that?


Only someone like you is stupid and full of shit enough to yell FOX NEWS!!!!! anytime you disagree with someone, just before posting an opinion piece from MSNBC and presenting it as fact, completely oblivious to the irony of your own ultra stupidity.