U.S. oil industry prepares to boost production — but with a giant warning

[Colin norris]

1. Biden can start US drilling, but he won't approve any permits, the dumb SOB would rather beg OPEC+ to pump more. What a moron.

2. The war has nothing to do with US production, we are nowhere near where we were in 2019. Fuck the ransom, drill more and pump more US oil.

3. WTF does the war have to do with renewables? Hint: nothing. Renewables are not reliable. There was a potential gas line from Israel, but dumbo stopped it. What a POS. BIDEN IS OWNED BY PUTIN.

Biden Administration Kills Israel-to-Europe Gas Pipeline

Biden's decision — reportedly coordinated with Turkey but reached without consulting Israel, Greece or Cyprus, the main countries involved in the project — undercuts three of the strongest American allies in the Mediterranean region. EastMed's

www.gatestoneinstitute.org

4. Nuclear looks more reasonable than buying gas from Putin to fund his military.

I hear you son but I dont hear a word from the farmers whose grain exports are increasing markedly every day.
Coal has risen massively and noise from those exporters is deafeningly silent.

Are you hearing me.?

 

[martybegan]

Banks are wanting to be not seen supporting destroying the climate.

So now we are destroying the climate, not just changing it?

AGW supporters are the biggest hypocrites and chicken littles on the planet.

And when pushed, they can't even admit it's their policy choices causing the current energy issues.

Instead of letting discovery and invention letting new tech overtake old tech naturally, you have to force the issue before the new tech can truly replace the old tech.

Horses and Buggies didn't have to be banned, automobiles just out-competed them.

 

[g5000]

Maybe we can end this stupid discussion about how it was Biden's fault that gas prices are souring. (Finally)

Sure, Biden pissed off the oil companies when he first too office. He pulled the plug on an uncompleted pipeline. He pulled new leases. He even pulled the permits on some wells. But what he didn't do was stop the flow of existing wells and pipelines already in production. Production and new well drilling was slowed due to, at least in part to Covid and oil field employee's not being able to come to work because they had covid, or had been around someone who had tested positive.
But, the biggest reason, at least for the last 4 or 5 months, has been the oil companies themselves keeping their production low, and waiting patiently for the trading price to increase. They are smart people. They know how to manipulate the oil markets. Especially with an anti oil president and a war looming.
And their excuses worked like a charm. The cut their overhead, earned billions in extra profit. The millions in bonuses were paid. And now, they can get back to the business of producing oil. Their vacation is just about over.

P.S. Not the bold print in the article. They, themselves are ramping up oil production. And Biden hasn't done anything. He hasn't reinstated all those permits. He hasn't opened up the oil leases. He hasn't reversed anything the oil companies have been complaining about that's caused them to produce less oil. The oil companies made the same decision they could've made months ago.

U.S. oil industry prepares to boost production — but with a giant warning​

HOUSTON — Executives at some of the world’s biggest oil and gas producers said on Monday they are ramping up their crude production as U.S. gasoline prices surge to $4 a gallon amid expectations that President Joe Biden and Congress would ban imports of Russian petroleum — but the companies warned not to expect new supplies overnight.

Exxon Mobil and Chevron are both boosting oil production at the mammoth Permian Basin field in West Texas and New Mexico, strategies that both oil majors laid out last year but that have taken on new urgency because of the surge in oil prices to their highest level in 14 years.

Aside from the fact Biden actually approved more drilling on public lands than Trump did, your post is spot on.

Chevron raises buybacks and says exposure to Russia is limited​

Major oil companies are responding to a jump in profits this year from higher oil and gas prices by giving back more cash to shareholders, many of whom have been frustrated by years of low returns.

So far, most shale operators have signaled that they plan to put capital returns above output growth, even as U.S. oil prices crossed $100 per barrel earlier this week.

 

[kyzr]

Oil and Gas production is up...
Biden can't order private companies to drill... Do you want change laws where the federal government can take over private companies? There is a limit to Biden's power... As I said US Oil companies are drilling what they can either can or want to drill...

The proposed pipeline had to go through Syria and Russian influence stopped it... Now who abandoned Syria to Russia?

Renewables in Europe has been very successful . I am sorry that you can't see that... Wind is fairly reliable in winter especially. Nuclear is not reliable in summer if there is a drought (run out of water to cool reactors)...

What Germany could do is leverage Lignite in the short term, it is not possible to spin up old Nuclear plants easilly...

Nuclear isn't all it is cracked up to be... Europe has water problems and they can't run effectively at certain times...
I agree they took Nuclear offline too quick but I don't think Germany factored in a Russian war...

The Nuclear scale down was demanded by the Germany people... I think the original plan was to cut out Coal and Lignite first... Saying that Germany has only move less that 5% in the last 10 years, they were scaling down Nuclear for a couple of decades before that...

1. LIAR. Oil production is still below 2020 levels. We want Biden to revoke his war on energy policies.

2. WRONG. The proposed EastMed pipeline doesn't go thru Syria, duh.

3. Nuke plants are reliable, wind and solar are not.

4. If nuke plants run out of water they were built in the wrong spot, duh. Point being shutting down perfectly good nuke plants to buy gas from Putin is stupid.

 

[g5000]

1. Biden can start US drilling, but he won't approve any permits, the dumb SOB would rather beg OPEC+ to pump more. What a moron.

Where do you tards get this manufactured bullshit? You must be at least the 12th person today to make this bullshit claim. You all drink from the same cup of piss from the same propagandists.

Here is the FACT:

US drilling approvals increase despite Biden climate pledge

BILLINGS, Mont. (AP) — Approvals for companies to drill for oil and gas on U.S. public lands are on pace this year to reach their highest level since George W.

apnews.com

Approvals for companies to drill for oil and gas on U.S. public lands are on pace this year to reach their highest level since George W. Bush was president, underscoring President Joe Biden’s reluctance to more forcefully curb petroleum production in the face of industry and Republican resistance.

Biden approved more drilling on public land than Trump did.

Why does Trump hate America?

2. The war has nothing to do with US production, we are nowhere near where we were in 2019. Fuck the ransom, drill more and pump more US oil.

More horseshit.

In his first year in office, Biden increased oil production by 31 percent. In his first year, Trump only increased production by 21 percent.

Why does Trump hate America?

Special Report: Trump told Saudi: Cut oil supply or lose U.S. military support - sources

By Timothy Gardner, Steve Holland, Dmitry Zhdannikov and Rania El Gamal

www.reuters.com

Trump ordered Saudi Arabia to CUT oil production to keep the price of oil high.

Why does Trump hate America?

 

[Lesh]

Do progressives want to put the fossil fuel industry out of business, yes or no?

Are they?

Is the Biden Administration?

No

 

[Lesh]

Maybe we can end this stupid discussion about how it was Biden's fault that gas prices are souring. (Finally)

Sure, Biden pissed off the oil companies when he first too office. He pulled the plug on an uncompleted pipeline. He pulled new leases. He even pulled the permits on some wells. But what he didn't do was stop the flow of existing wells and pipelines already in production. Production and new well drilling was slowed due to, at least in part to Covid and oil field employee's not being able to come to work because they had covid, or had been around someone who had tested positive.
But, the biggest reason, at least for the last 4 or 5 months, has been the oil companies themselves keeping their production low, and waiting patiently for the trading price to increase. They are smart people. They know how to manipulate the oil markets. Especially with an anti oil president and a war looming.
And their excuses worked like a charm. The cut their overhead, earned billions in extra profit. The millions in bonuses were paid. And now, they can get back to the business of producing oil. Their vacation is just about over.

 

[kyzr]

Aside from the fact Biden actually approved more drilling on public lands than Trump did, your post is spot on.

Chevron raises buybacks and says exposure to Russia is limited​

Look at barrels of oil produced. Trump wins.
Look at Xiden's war on energy EOs Trump wins.
Watch which party voters prefer in November.

 

[martybegan]

Are they?

Is the Biden Administration?

No

The Biden admin does what progressives want.

The fact you can't even answer or admit this just shows you know you can't retort without looking like an idiot, well more of an idiot.

 

[Lesh]

Look at barrels of oil produced. Trump wins.
Look at Xiden's war on energy EOs Trump wins.
Watch which party voters prefer in November.

Hey dumbass

Oil companies are just NOW ramping up production....

They could have at any time but they were more interested in profit

 

[g5000]

Look at barrels of oil produced. Trump wins.
Look at Xiden's war on energy EOs Trump wins.
Watch which party voters prefer in November.

Nope. Wrong, piss drinker.

Biden raised oil production to higher levels at the end of his first year than Trump did.

Why does Trump hate America?

Biden approved more drilling on public land than Trump did.

Why does Trump hate America?

 

[g5000]

Look at barrels of oil produced. Trump wins.

Yes, let's look at barrels of oil produced. Great idea!

U.S. Energy Information Administration (EIA) - Qb

In Trump's first full month in office, US oil production was 255,059,000 barrels.

In Biden's first full month in office, US oil production was 273,646,000 barrels.


At the end of 2017, US oil production was 309,359,000 barrels. An increase of 21 percent.

At the end of 2021, US oil production was 358,588,000 barrels. An increase of 31 percent.


WHY DOES TRUMP HATE AMERICA!?!?

 

[g5000]

When it comes to energy production, Biden beats Trump like a drum.

 

[g5000]

As I proved earlier, oil production has actually surged much more under Biden than it did under Trump.

Neither of them get any credit or blame for that. It's just the way it is.

I also pointed out that even though we were producing more oil under Biden than under Trump, the gas price under Biden in December was about 75 cent more per gallon than in Trump's first December.

Curious, no?

Since the US was producing more under Biden, how does one explain this?

Obviously, someone else is producing less. Duh.

Saudi crude oil exports fell in 2021 even as OPEC+ ease output caps

RIYADH: Saudi Arabia shipped less crude in 2021 from a year ago, even as the Kingdom is allowed to produce more oil under its agreemnt with OPEC+ countries. Saudi crude oil exports averaged 6.22 million barrels per day, which is 6.6 percent less than in 2020, data posted by the Joint...

www.arabnews.com

Saudi Crude Oil Exports Sink To 11-Year Low For 2021; Now For The Rebound

Having dropped to the lowest in more than a decade for 2021, Saudi crude exports are poised for a major rally for 2022. A new all-time high could even be posted.

www.mees.com

Saudi Arabia.

Even though world demand began surging in 2021, Saudi Arabia did not increase their exports. In fact, they exported less than during the pandemic!

 

[g5000]

Fact: Starting from almost the same amount of US oil production upon taking office, Biden increased US oil production by 31 percent in his first year while Trump only increased production by 21 percent.

Fact: Saudi Arabia is exporting less oil today than during the pandemic.

Fact: Oil companies are deliberately slow walking their production in order to keep profits as high as possible.

Fact: Joe Biden has approved far more public land leases for oil drilling than Trump did.

But, you know, Fox Fake News knows the rubes are too stupid to find this out for themselves and they will parrot "Because Biden!" because it feels good to be wrong, and reading is hard!

 

[kyzr]

I hear you son but I dont hear a word from the farmers whose grain exports are increasing markedly every day.
Coal has risen massively and noise from those exporters is deafeningly silent.
Are you hearing me.?

i hear you don't want to debate Xiden' disastrous war on energy

 

[g5000]

i hear you don't want to debate Xiden' disastrous war on energy

Dude, your ass has been kicked over the moon, and you don't even know it.

See post 35.

Why does Trump hate America?

 

[Colin norris]

i hear you don't want to debate Xiden' disastrous war on energy

Where did you hear that?

 

[bripat9643]

Do progressives want to put the fossil fuel industry out of business, yes or no?

Short answer: yes.

 

[kyzr]

Where do you tards get this manufactured bullshit? You must be at least the 12th person today to make this bullshit claim. You all drink from the same cup of piss from the same propagandists Here is the FACT:

Approvals for companies to drill for oil and gas on U.S. public lands are on pace this year to reach their highest level since George W. Bush was president, underscoring President Joe Biden’s reluctance to more forcefully curb petroleum production in the face of industry and Republican resistance.

Biden approved more drilling on public land than Trump did.

Why does Trump hate America?

More horseshit.

In his first year in office, Biden increased oil production by 31 percent. In his first year, Trump only increased production by 21 percent.

Why does Trump hate America?

Special Report: Trump told Saudi: Cut oil supply or lose U.S. military support - sources

By Timothy Gardner, Steve Holland, Dmitry Zhdannikov and Rania El Gamal

www.reuters.com

Trump ordered Saudi Arabia to CUT oil production to keep the price of oil high.

Why does Trump hate America?

1. You only look at private land approvals, because Xiden stopped them drilling on federal land, duh.
Look at barrels produced. Trump wins.

2. Trump had a better energy sector than Xiden, duh. Look at the price of gas for Trump vs Xiden, duh. Trump wins.

3. Who hates America, Trump's $2.30./gal or Xiden's $6/gal? Trump wins again.