Guaranteeing A Gas Station A Windfall

[PoliticalChic]

1. It has long been called a gas station masquerading as a nation......Russia.
And, as its economy is tied to oil and gas, and its foreign policy decisions, as well, what sort of incompetent administration would end America's energy independence, a gift from Trump, and make certain that the Kremlin is flush with money to invade Ukraine.
They never would have endeavored to do so under Trump, just as the Afghan savages never would have killed 13 American soldiers as we were leaving.


2. Have you seen the price of oil now??? You can bet Putin has.

OIL PRICE PER BARREL | Markets Insider​

https://markets.businessinsider.com › commodities › oil...

Name	Expiration	Price	%	Date
MCL APR22	3/20/2022	99.55	7.91	2/24/2022
CL APR22	3/21/2022	99.52	7.89	2/24/2022
MCL MAY22	4/18/2022	97.72	7.49	2/24/2022

View 141 more rows


3. Under Trump, oil was $42 a barrel.
What domestic products will reflect the Democrat price of oil?

Every single one of 'em.


4. "Stocks, worldwide financial markets plummet in response to Russian invasion
U.S. oil prices shot up more than $7 per barrel as European markets grapple with a possible natural gas shortage

The decline in stock prices was in combination with a sharp increase in global energy prices, with oil prices going up by more than $7 a barrel.

Weeks and months of concern of inflation had already cost investors in global equity markets."

Stocks, worldwide financial markets open low, close high in response to Russian invasion

U.S. oil prices shot up more than $7 per barrel as European markets grapple with a possible natural gas shortage

justthenews.com

5. Days after his inauguration, Biden banned the Keystone Pipeline, and ended the energy independence that Trump gifted to American….

…..and at the same time removed any bar to enriching Putin…..removed sanctions and OK’s Nord Stream 2

Had both policies not been put in place, we’d be able to keep control of the gas station masquerading as a nation, Russia.



OK….you voted for Democrats…..clearly an irrational action.

 

[whitehall]

Germany cuts it's own throat by closing the natural gas pipeline from Russia and everyone thinks it's going to hurt Russia.

 

[surada]

1. It has long been called a gas station masquerading as a nation......Russia.
And, as its economy is tied to oil and gas, and its foreign policy decisions, as well, what sort of incompetent administration would end America's energy independence, a gift from Trump, and make certain that the Kremlin is flush with money to invade Ukraine.
They never would have endeavored to do so under Trump, just as the Afghan savages never would have killed 13 American soldiers as we were leaving.


2. Have you seen the price of oil now??? You can bet Putin has.

OIL PRICE PER BARREL | Markets Insider​

https://markets.businessinsider.com › commodities › oil...

Name	Expiration	Price	%	Date
MCL APR22	3/20/2022	99.55	7.91	2/24/2022
CL APR22	3/21/2022	99.52	7.89	2/24/2022
MCL MAY22	4/18/2022	97.72	7.49	2/24/2022

View 141 more rows


3. Under Trump, oil was $42 a barrel.
What domestic products will reflect the Democrat price of oil?

Every single one of 'em.


4. "Stocks, worldwide financial markets plummet in response to Russian invasion
U.S. oil prices shot up more than $7 per barrel as European markets grapple with a possible natural gas shortage

The decline in stock prices was in combination with a sharp increase in global energy prices, with oil prices going up by more than $7 a barrel.

Weeks and months of concern of inflation had already cost investors in global equity markets."

Stocks, worldwide financial markets open low, close high in response to Russian invasion

U.S. oil prices shot up more than $7 per barrel as European markets grapple with a possible natural gas shortage

justthenews.com

5. Days after his inauguration, Biden banned the Keystone Pipeline, and ended the energy independence that Trump gifted to American….

…..and at the same time removed any bar to enriching Putin…..removed sanctions and OK’s Nord Stream 2

Had both policies not been put in place, we’d be able to keep control of the gas station masquerading as a nation, Russia.



OK….you voted for Democrats…..clearly an irrational action.

There's a global shortage in supply, moron. Keystone XL is good for the Chinese, not the US.

 

[surada]

Germany cuts it's own throat by closing the natural gas pipeline from Russia and everyone thinks it's going to hurt Russia.

The price of natural gas to Europe has gone up 60 percent.

 

[bendog]

Germany cuts it's own throat by closing the natural gas pipeline from Russia and everyone thinks it's going to hurt Russia.

Would that Americans had the balls of the Germans .... but we'll see.

ANd I have to disagree with Surada in that imo anything we do to increase the global supply of oil is almost always a positive. I think Biden's keystone move was simply another bone thrown to the left that meant nothing ... like allowing them to flounder for a year with child tax credits. He's a one termer and he always knew it.

 

[YoursTruly]

There's a global shortage in supply, moron. Keystone XL is good for the Chinese, not the US.

I was just checking on this yesterday. Seems China owns most of the tar sands in Canada.

 

[bendog]

I was just checking on this yesterday. Seems China owns most of the tar sands in Canada.

But so what? If the tarsands are financially viable, and it they are "melted" it creates more oil in the global market. (why canada allows such an environmentally unsound process is beyond me)

 

[YoursTruly]

But so what? If the tarsands are financially viable, and it they are "melted" it creates more oil in the global market. (why canada allows such an environmentally unsound process is beyond me)

You totally missed the point.

 

[bendog]

You totally missed the point.

no, I dismissed any issue as to who "owns" the tarsands. We "own" oil fields outside the continental US. It is immaterial as to whether investors make a profit on legally purchased assets.

 

[YoursTruly]

no, I dismissed any issue as to who "owns" the tarsands. We "own" oil fields outside the continental US. It is immaterial as to whether investors make a profit on legally purchased assets.

They why bother replying, if you're going to dismiss what I posted? Just to change the subject? That's retarded.

 

[bendog]

They why bother replying, if you're going to dismiss what I posted? Just to change the subject? That's retarded.

I am allowed to disagree with Surada, though usually I agree with her. But thanks for your policing the forum.

 

[surada]

no, I dismissed any issue as to who "owns" the tarsands. We "own" oil fields outside the continental US. It is immaterial as to whether investors make a profit on legally purchased assets.

No we don't own oil fields out side the US.. and you don't own jack shit.

 

[bendog]

No we don't own oil fields out side the US.. and you don't own jack shit.

oh don't be uncivil.

Chevron's oil and gas exploration and production operations are primarily in the US, Australia, Nigeria, Angola, Kazakhstan, and the Gulf of Mexico. As of December 31, 2018, the company's upstream business reported worldwide net production of 2.930 million oil-equivalent barrels per day.[85]


A Chevron gas station in Diamondville, Wyoming (taken on May 27, 2018)
In the United States, the company operates approximately 11,000 oil and natural gas wells in hundreds of fields occupying 4,000,000 acres (16,000 km2) across the Permian Basin, located in West Texas and southeastern New Mexico. In 2010, Chevron was the fourth-largest producer in the region.[86] In February 2011, Chevron celebrated the production of its 5 billionth barrel of Permian Basin oil.[87] The Gulf of Mexico is where the company's deepest offshore drilling takes place at Tahiti and Blind Faith. It also explores and drills the Marcellus Shale formation under several northeastern US states.

Chevron's largest single resource project is the $43 billion Gorgon Gas Project in Australia. It also produces natural gas from Western Australia. The $43 billion project was started in 2010, and was expected to be brought online in 2014.[88] The project includes construction of a 15 million tonne per annum liquefied natural gas plant on Barrow Island, and a domestic gas plant with the capacity to provide 300 terajoules per day to supply gas to Western Australia.[89] It is also developing the Wheatstone liquefied natural gas development in Western Australia. The foundation phase of the project is estimated to cost $29 billion; it will consist of two LNG processing trains with a combined capacity of 8.9 million tons per annum, a domestic gas plant and associated offshore infrastructure.[90] In August 2014 a significant gas-condensate discovery at the Lasseter-1 exploration well in WA-274-P in Western Australia, in which Chevron has a 50% interest was announced.[91] The company also has an interest in the North West Shelf Venture, equally shared with five other investors including BP, BHP Billiton Petroleum, Shell, Mitsubishi/Mitsui and Woodside.[92]

In the onshore and near-offshore regions of the Niger Delta, Chevron operates under a joint venture with the Nigerian National Petroleum Corporation, operating and holding a 40% interest in 13 concessions in the region. In addition, Chevron operates the Escravos Gas Plant and the Escravos gas-to-liquids plant.[93]

Chevron has interests in four concessions in Angola, including offshore two concessions in Cabinda province, the Tombua–Landana development and the Mafumeira Norte project, operated by the company. It is also a leading partner in Angola LNG plant.[94][95]

In Kazakhstan, Chevron participate the Tengiz and Karachaganak projects.[96] In 2010, Chevron became the largest private shareholder in the Caspian Pipeline Consortium pipeline, which transports oil from the Caspian Sea to the Black Sea.[97]

As of 2013, the Rosebank oil and gas field west of Shetland was being evaluated by Chevron and its partners. Chevron drilled its discovery well there in 2004. Production is expected in 2015 if a decision is made to produce from the field. The geology and weather conditions are challenging.[98]

Chevron Corporation - Wikipedia

en.wikipedia.org

The upstream division makes up the majority of ExxonMobil's revenue, accounting for approximately 70% of the total.[130] In 2014, the company had 25.3 billion barrels (4.02×109 m3) of oil-equivalent reserves.[131] In 2013, its reserves replacement ratio was 103%.[131]

In the United States, ExxonMobil's petroleum exploration and production activities are concentrated in the Permian Basin, Bakken Formation, Woodford Shale, Caney Shale, and the Gulf of Mexico. In addition, ExxonMobil has several gas developments in the regions of Marcellus Shale, Utica Shale, Haynesville Shale, Barnett Shale, and Fayetteville Shale. All natural gas activities are conducted by its subsidiary, XTO Energy. As of December 31, 2014, ExxonMobil owned 14.6 million acres (59,000 km2) in the United States, of which 1.7 million acres (6,900 km2) were offshore, 1.5 million acres (6,100 km2) of which were in the Gulf of Mexico.[132] In California, it has a joint venture called Aera Energy LLC with Shell Oil. In Canada, the company holds 5.4 million acres (22,000 km2), including 1 million acres (4,000 km2) offshore and 0.7 million acres (2,800 km2) of the Kearl Oil Sands Project.[132]

In Argentina, ExxonMobil holds 0.9 million acres (3,600 km2), Germany 4.9 million acres (20,000 km2), in the Netherlands ExxonMobil owns 1.5 million acres (6,100 km2), in Norway it owns 0.4 million acres (1,600 km2) offshore, and the United Kingdom 0.6 million acres (2,400 km2) offshore. In Africa, upstream operations are concentrated in Angola where it owns 0.4 million acres (1,600 km2) offshore, Chad where it owns 46,000 acres (19,000 ha), Equatorial Guinea where it owns 0.1 million acres (400 km2) offshore, and Nigeria where it owns 0.8 million acres (3,200 km2) offshore.[132] In addition, Exxon Mobil plans to start exploration activities off the coast of Liberia and the Ivory Coast.[133][134] In the past, ExxonMobil had exploration activities in Madagascar, however these operations were ended due to unsatisfactory results.[135]

In Asia, it holds 9,000 acres (3,600 ha) in Azerbaijan, 1.7 million acres (6,900 km2) in Indonesia, of which 1.3 million acres (5,300 km2) are offshore, 0.7 million acres (2,800 km2) in Iraq, 0.3 million acres (1,200 km2) in Kazakhstan, 0.2 million acres (810 km2) in Malaysia, 65,000 acres (26,000 ha) in Qatar, 10,000 acres (4,000 ha) in Yemen, 21,000 acres (8,500 ha) in Thailand, and 81,000 acres (33,000 ha) in the United Arab Emirates.[132]

In Russia, ExxonMobil holds 85,000 acres (34,000 ha) in the Sakhalin-I project. Together with Rosneft, it has developed 63.6 million acres (257,000 km2) in Russia, including the East-Prinovozemelsky field. In Australia, ExxonMobil held 1.7 million acres (6,900 km2), including 1.6 million acres (6,500 km2) offshore. It also operates the Longford Gas Conditioning Plant, and participates in the development of Gorgon LNG project. In Papua New Guinea, it holds 1.1 million acres (4,500 km2), including the PNG Gas project.[132]

ExxonMobil - Wikipedia

en.wikipedia.org

I should be able to civilly disagree with you or anyone else, without incurring YOUR WRATH. lol

 

[bendog]

ps, BP just took a hit to its stock value by saying it would unload its share in Rosenfelt. It will be interesting to see what Exxon does.

Exxon faces new pressure over dealings with Russia’s Rosneft - Stabroek News

HOUSTON, (Reuters) - Exxon Mobil XOM.N likely will face new pressure to severe ties with Russia’s largest oil producer, said analysts, after rival BP

www.stabroeknews.com

 

[jwoodie]

Crude oil is largely fungible. Refined oil is not.

 

[Rigby5]

No we don't own oil fields out side the US.. and you don't own jack shit.

I think we do.
For example, Gulf of Mexico oil is outside the US.
But I just looked up Chevron, and it incudes some Asian, South American, and African oil wells.

Chevron's number of oil wells by region 2023 | Statista

Chevron has an ownership interest in around 36,547 productive oil wells in the United States.

www.statista.com

 

[Rigby5]

Crude oil is largely fungible. Refined oil is not.

Why not?
Do you mean it is dangerous to ship gasoline?

 

[surada]

I think we do.
For example, Gulf of Mexico oil is outside the US.
But I just looked up Chevron, and it incudes some Asian, South American, and African oil wells.

Chevron's number of oil wells by region 2023 | Statista

Chevron has an ownership interest in around 36,547 productive oil wells in the United States.

www.statista.com

Ownership interest in the wells not the land.

 

[surada]

no, I dismissed any issue as to who "owns" the tarsands. We "own" oil fields outside the continental US. It is immaterial as to whether investors make a profit on legally purchased assets.

Nope. We don't own oil fields.

 

[Big Bend Texas]

1. It has long been called a gas station masquerading as a nation......Russia.
And, as its economy is tied to oil and gas, and its foreign policy decisions, as well, what sort of incompetent administration would end America's energy independence, a gift from Trump, and make certain that the Kremlin is flush with money to invade Ukraine.
They never would have endeavored to do so under Trump, just as the Afghan savages never would have killed 13 American soldiers as we were leaving.


2. Have you seen the price of oil now??? You can bet Putin has.

OIL PRICE PER BARREL | Markets Insider​

https://markets.businessinsider.com › commodities › oil...

Name	Expiration	Price	%	Date
MCL APR22	3/20/2022	99.55	7.91	2/24/2022
CL APR22	3/21/2022	99.52	7.89	2/24/2022
MCL MAY22	4/18/2022	97.72	7.49	2/24/2022

View 141 more rows


3. Under Trump, oil was $42 a barrel.
What domestic products will reflect the Democrat price of oil?

Every single one of 'em.


4. "Stocks, worldwide financial markets plummet in response to Russian invasion
U.S. oil prices shot up more than $7 per barrel as European markets grapple with a possible natural gas shortage

The decline in stock prices was in combination with a sharp increase in global energy prices, with oil prices going up by more than $7 a barrel.

Weeks and months of concern of inflation had already cost investors in global equity markets."

Stocks, worldwide financial markets open low, close high in response to Russian invasion

U.S. oil prices shot up more than $7 per barrel as European markets grapple with a possible natural gas shortage

justthenews.com

5. Days after his inauguration, Biden banned the Keystone Pipeline, and ended the energy independence that Trump gifted to American….

…..and at the same time removed any bar to enriching Putin…..removed sanctions and OK’s Nord Stream 2

Had both policies not been put in place, we’d be able to keep control of the gas station masquerading as a nation, Russia.



OK….you voted for Democrats…..clearly an irrational action.

The PPBL isn't the problem right now, it's Refineries in Europe running way be low capaicity hence the reason the price is dropping.

The problem though is that with them operating well below capacity the Euro's and other are now trying to replace that lost capacity via imports of US diesel, kerosene, and gasoline, driving prices up exponentially.