Bye Bye Oil Price

[BlindBoo]

Is that why our Federal Oil Reserve only has oil for 39 days?

U.S. emergency oil reserve at lowest level since 1983

U.S. Rep. Morgan Luttrell, R-Texas, has flagged different energy indicators in a post online to power up his notice that

www.politifact.com

Only if we used the reserve exclusively if US oil Production came to a screeching halt. If we used it to cover our oil deficit we'd have about 211 days. Neither of those scenarios are likely either. Prediction are that we will become oil independent under Biden sometime next year too.

 

[Ralph Norton]

I hope the FBI is watching this and takes note and tracks all the treasonous traitors on here that are mad about $77 oil.

As opposed to the non-treasonous traitors?

 

[BlindBoo]

/---/ It's bizarre how easily the Libtards are lied to and lap oit up. Dementia Joe promised to shut down fossil fuels. When he fails, the leftists brag that Biden supports the oil industry.

Poor Neo-Republicans, they just can't handle truth. Truth is it wasn't Biden's policy that drove oil and gas prices up in 2021.

 

[The Irish Ram]

Fact: Oil companies can produce as much oil as they want, any time they want

If that were true, we'd be energy independent again. Biden has regulated the oil industry to death.

 

[Fort Fun Indiana]

In what way?

Every way. Biden has not strangled oil production. It's sad to see the victims of AM radio.

 

[Fort Fun Indiana]

If that were true, we'd be energy independent again.

That's utterly ridiculous. It makes no sense whatsoever. Why do you think oil companies care about (the myth) of energy independence? They produce exactly as much as they feel like producing.

 

[The Irish Ram]

$77 dollar oil and record US oil and gas production has these traitors triggered and crying

I hope the FBI is watching this and takes note and tracks all the treasonous traitors on here that are mad about $77 oil.

You little son of a bitch. Do you hate freedom that badly? You are the traitor.

 

[Lastamender]

Every way. Biden has not strangled oil production. It's sad to see the victims of AM radio.

As opposed to the victims of mass media owned lock stock and barrel by globalist Marxists?

 

[BlindBoo]

And we are about to get less. What do you think will happen to the price of gas when our reserve is depleted?

We'll increase the oil we purchase from Mexico or some other county. But we will soon be oil independent which doesn't mean we will stop importing and exporting oil of course........

 

[Fort Fun Indiana]

We'll increase the oil we purchase from Mexico or some other county. But we will soon be oil independent which doesn't mean we will stop importing and exporting oil of course........

(Which means oil independence is a myth)

 

[Lastamender]

We'll increase the oil we purchase from Mexico or some other county. But we will soon be oil independent which doesn't mean we will stop importing and exporting oil of course........

You are an idiot. Oil will be around much longer than you will be.

 

[marvin martian]

Right now US oil is plummeting rapidly like inflation, down to $77, a nice price
Joe Biden had the US pumping record amounts if both oil and nat gas, and the US is the biggest producer in the entire world !

Out of nowhere Trump's best buddy putin started a major war in Ukraine and completely disrupted the global oil and gas markets and cause prices to explode like Trump's deficits exploded.
Also Corrupt Mohamed Bin Salman, leader of Saudi Arabia who gave Kushner a $B bribe unexpectedly cut SA production to try and sabotage Biden's strong economy.

Joe Biden has done a magnificent job on energy, especially when you consider the circumstances.

U.S. crude oil prices fall below $78 a barrel to their lowest since July

WTI fell $3.45, or 4.3%, settling at $77.37 a barrel, while Brent fell $3.57, or 4.2%, settling at $81.61, both their lowest prices since July.

www.cnbc.com

I LOVE seeing leftists like you drop the "fossil fuels cause global warming" lie and cheer long and loud for MASSIVE oil drilling.

Keep it up!

 

[Fort Fun Indiana]

I LOVE seeing leftists like you drop the "fossil fuels cause global warming" lie and cheer long and loud for MASSIVE oil drilling.

Keep it up!

This comment also makes no sense.

You guys know less than nothing about any of this.

 

[The Irish Ram]

That's utterly ridiculous. It makes no sense whatsoever. Why do you think oil companies care about (the myth) of energy independence? They produce exactly as much as they feel like producing.

Are you kidding? I know exactly how much they are pumping now. It is all on the data sheet that is attached to our royalty checks. And it doesn't come close to what they could be pumping. Ask the Indians out west what happened to their royalty checks:

When times are good, Mary Limpy, an Oklahoma Indian, lives in an apartment with her three children. When times are bad, she moves them into the family van, sometimes for a month.
The difference between good times and bad for Limpy is a royalty check from oil and gas leases on land in her Cheyenne-Arapaho family for generations. Bad times have dominated for the last two years -- but not because the wells are running dry.

The situation affects more than 250,000 Indians or tribal governments that rely on the Interior Department to collect and distribute about $146 million each year in mineral royalties from Indian lands.

Stop listening to the government. They lie...

 

[Lastamender]

This comment also makes no sense.

You guys know less than nothing about any of this.

We know there is not enough lithium for EV batteries. Unless Captain Kirk can get it from the miners on some planet.

 

[BlindBoo]

If that were true, we'd be energy independent again. Biden has regulated the oil industry to death.

We are more energy independent now than ever before. (well 70 years or so) Look at the total net imports down at the bottom of the chart. Negative numbers indicates energy independence.

U.S. Imports & Exports

This next chart shows the recent history of Imports - Exports. It happened first under Trump in 2019 for a few weeks. But now, the oil patch is killing it.

Weekly U.S. Net Imports of Crude Oil and Petroleum Products (Thousand Barrels per Day)

 

[John Edgar Slow Horses]

The Irish Ram cannot change the fact that we are pumping oil at record highs and will be energy independent nextyear.

 

[marvin martian]

What is it about record oil production combined with record LNG production that makes you sad?

I LOVE seeing leftists like you drop the "fossil fuels cause global warming" lie and cheer long and loud for MASSIVE oil drilling.

Keep it up!

 

[Fort Fun Indiana]

And it doesn't come close to what they could be pumping.

You just ran headfirst into the point.

Did it hurt?

They are not (and never will be) producing to capacity because of maximizing profit.

How do you invest in oil and not understand this most basic principle? This is stuff college freshmen learn.

Ridiculous.

 

[marvin martian]

The Irish Ram cannot change the fact that we are pumping oil at record highs and will be energy independent nextyear.

I LOVE seeing leftists like you drop the "fossil fuels cause global warming" lie and cheer long and loud for MASSIVE oil drilling.

Keep it up!