The U.S. Is Pumping Oil Faster Than Ever

[Faun]

10

I posted the video. Did you not see it?

"I said, “We’re going to need oil for at least another decade.” And that’s going to exceed — and beyond that — we’re going to need it."

That's more than 10 years. And again, he's said the target is around 2050.

 

[The5thHorseman]

Did you read further down? Keep reading. As we know it means that logical people with basic economics acumen understand how oil prices work. You don’t.

No, it doesn't.

"As we know it" means it is what is quoted in the media, as WTI and Brent futures. But that isn't a "transaction" price.

 

[elektra]

Are you saying you want to nationalize the US oil business?

explain

 

[Robert W]

Never said it did. It reflects the extra 6 million barrels a day of refined product they can export and still meet the need of the country, without building new and expensive plants.

On March 16, ExxonMobil announced the beginning of operations at the expansion of its Beaumont refinery, adding 250,000 barrels per day (b/d) of capacity, according to the company’s announcement. The expansion makes the oil refinery one of the largest in the United States as measured by crude oil distillation capacity.

Beaumont refinery expansion boosts Gulf Coast petroleum refining capacity - U.S. Energy Information Administration (EIA)

www.eia.gov

Try this on for size. Name even one thing Biden did to cut gasoline prices!!!

Oil firms are fighting hard to negate the damage done by Biden.

 

[John Edgar Slow Horses]

Oil firms. Are not providing Biden. Oil firms are making great profits.

 

[elektra]

Shows we're at near record producing levels.

okay, that I did not deny? So what was your point in the context of my comments?

 

[elektra]

Perhaps you'll shut your piehole and listen to your betters.

thank you
I gave you the opportunity for a discussion and you choose to show that you are not a better, you are a scab.

My post stands as fact, your post just confirms my facts, thank you.

 

[Robert W]

okay, that I did not deny? So what was your point in the context of my comments?

Democrats point to what the oil industry is trying hard do, but can't name a thing Biden did to lower gasoline prices nor to increase production of products.

 

[John Edgar Slow Horses]

thank you
I gave you the opportunity for a discussion and you choose to show that you are not a better, you are a scab.

My post stands as fact, your post just confirms my facts, thank you.

Your posts are meaningless. American oil is making all time profits. What is your problem??

 

[elektra]

Democrats point to what the oil industry is trying hard do, but can't name a thing Biden did to lower gasoline prices nor to increase production of products.

The Democrats prove over and over, that they are the party of hate, of name calling, of tyranny.

 

[elektra]

Your posts are meaningless. American oil is making all time profits. What is your problem??

The most expensive energy in history resulting in food prices being the most expensive while the politicians declare they will make energy even more expensive is meaningless?

Nothing is more important than Energy, and you do not see a problem?

 

[The5thHorseman]

thank you
I gave you the opportunity for a discussion and you choose to show that you are not a better, you are a scab.

My post stands as fact, your post just confirms my facts, thank you.

No, it doesn't....it is your response to fact.

 

[The5thHorseman]

Try this on for size. Name even one thing Biden did to cut gasoline prices!!!

Oil firms are fighting hard to negate the damage done by Biden.

What "damage" is that?

 

[elektra]

No, it doesn't....it is your response to fact.

yes it does

 

[John Edgar Slow Horses]

The most expensive energy in history resulting in food prices being the most expensive while the politicians declare they will make energy even more expensive is meaningless?

Nothing is more important than Energy, and you do not see a problem?

You have no point. Energy is making all time profits. The American consumer is able to afford these prices. you're lost period

 

[BlindBoo]

Name even one thing Biden did to cut gasoline prices!!

Did releasing oil from the Strategic Petroleum Reserve impact gas prices?

Data shows that releases from the reserve contributed to a 13 to 31 cent per gallon decrease in the price of gas through July, but gas prices continue to fluctuate.

usafacts.org

"According to an analysis from the Department of the Treasury from July, the release of oil from the SPR helped lower the price of gasoline in the US by an estimated range of 13 to 31 cents per gallon. "

 

[AzogtheDefiler]

"I said, “We’re going to need oil for at least another decade.” And that’s going to exceed — and beyond that — we’re going to need it."

That's more than 10 years. And again, he's said the target is around 2050.

He said more post laughter from what I saw?

 

[AzogtheDefiler]

Your posts are meaningless. American oil is making all time profits. What is your problem??

Inflation

 

[elektra]

You have no point. Energy is making all time profits. The American consumer is able to afford these prices. you're lost period

I am an american and I can not afford these prices

 

[The5thHorseman]

yes it does

Facts are different from fee-fees...

Facts are demonstrable.

Like oil and gas production for example.