Under Trump U.S. Crude Oil Production Drop for 2020 was the Largest on Record!

[Toddsterpatriot]

No president does. You don't seem to know much about the oil business. If the ppb goes too low US producers go out of business. We have the highest lift costs in the world. In 1985 Papa Bush begged OPEC to raise the price of oil because US producers were in dire straights.

No president does.

If a president pushes regulations to reduce production, will that increase
production or reduce production?

If the ppb goes too low US producers go out of business.

Obama intended to increase production by intentionally increasing prices?

In 1985 Papa Bush begged OPEC to raise the price of oil because US producers were in dire straights.

Is that why oil dropped to $10 in 1986?

 

[surada]

No president does.

If a president pushes regulations to reduce production, will that increase
production or reduce production?

If the ppb goes too low US producers go out of business.

Obama intended to increase production by intentionally increasing prices?

In 1985 Papa Bush begged OPEC to raise the price of oil because US producers were in dire straights.

Is that why oil dropped to $10 in 1986?

Yes, Domestic oil production contracted violently.. The S and Ls crashed . there were unemployed oil men all over the South. Housing in Plano was available for 50 cents on the dollar and they would throw in the boat.

Obama's regulations were a result of DeepWater Horizon and BP's cheating on safety. My youngest brother was hired to look at what they had done. They parceled out safety to a dozen different companies and they never reconciled the findings.. This was by design.

 

[Toddsterpatriot]

Yes, Domestic oil production contracted violently.. The S and Ls crashed . there were unemployed oil men all over the South. Housing in Plano was available for 50 cents on the dollar and they would throw in the boat.

Obama's regulations were a result of DeepWater Horizon and BP's cheating on safety. My youngest brother was hired to look at what they had done. They parceled out safety to a dozen different companies and they never reconciled the findings.. This was by design.

US production did not plunge in 1985.

Obama's regulations were a result of DeepWater Horizon and BP's cheating on safety.

So Obama increased US production by reducing offshore production?

 

[KissMy]

US production did not plunge in 1985.

Obama's regulations were a result of DeepWater Horizon and BP's cheating on safety.

So Obama increased US production by reducing offshore production?

Obama imposed regulations that made energy production safe, sustainable & resistant to disruptions that cause job loss, shortages, death & inflation. Your Dear Leader Bush signed EO-12777 in 1991 banning most of our offshore drilling for 20 years.

Coal plants are gaining more revenue streams by capturing & selling CO2. Coal fired power plants are SELLING CO2 to Oil Producers. "Enhanced Oil Recovery" creating a major demand for Carbon Dioxide from Coal Power Plants. There is no war on Coal. Natural Gas is cheaper than coal & that competition is cutting coal fired energy demand. Carbon Dioxide from Coal Power Plants is unlocking more oil for customers & profits for Oil Producers.

Under Obama horizontal drilling boundaries & setbacks were eliminated for "ECO Pad Drilling" to lower environmental damage from drillers. "ECO Pad Drilling" lowered oil drilling cost over $15 per barrel & created a US oil production boom.

Environmentally Cleaner oil sands extraction regs lowered oil production to $25/barrel from Utah oil sands. This low priced competition killed Koch Brothers Canadian oil sands disaster & need for XL leg of Keystone pipeline. That's why Koch spends big to brainwash Repubtards to hate Obama.

The facts are Democrats Carter & Obama had domestic energy policies that increased US energy production. Republicans Nixon, Ford, Reagan, Bush 1, Bush 2 & Trump destroyed US energy production.

 

[Toddsterpatriot]

Obama imposed regulations that made energy production safe, sustainable & resistant to disruptions that cause job loss, shortages, death & inflation. Your Dear Leader Bush signed EO-12777 in 1991 banning most of our offshore drilling for 20 years.

Coal plants are gaining more revenue streams by capturing & selling CO2. Coal fired power plants are SELLING CO2 to Oil Producers. "Enhanced Oil Recovery" creating a major demand for Carbon Dioxide from Coal Power Plants. There is no war on Coal. Natural Gas is cheaper than coal & that competition is cutting coal fired energy demand. Carbon Dioxide from Coal Power Plants is unlocking more oil for customers & profits for Oil Producers.

Under Obama horizontal drilling boundaries & setbacks were eliminated for "ECO Pad Drilling" to lower environmental damage from drillers. "ECO Pad Drilling" lowered oil drilling cost over $15 per barrel & created a US oil production boom.

Environmentally Cleaner oil sands extraction regs lowered oil production to $25/barrel from Utah oil sands. This low priced competition killed Koch Brothers Canadian oil sands disaster & need for XL leg of Keystone pipeline. That's why Koch spends big to brainwash Repubtards to hate Obama.

The facts are Democrats Carter & Obama had domestic energy policies that increased US energy production. Republicans Nixon, Ford, Reagan, Bush 1, Bush 2 & Trump destroyed US energy production.

Obama imposed regulations

That didn't encourage increased production.

Your Dear Leader Bush signed EO-12777 in 1991 banning most of our offshore drilling for 20 years.

That's awful! Did Obama reverse the EO?

Under Obama horizontal drilling boundaries & setbacks were eliminated for "ECO Pad Drilling" to lower environmental damage from drillers.

He was awesome! Did he do that by Executive Order? Link?

Environmentally Cleaner oil sands extraction regs lowered oil production to $25/barrel from Utah oil sands.

Environmental regs made oil cheaper? Cool. Post the regs.

The facts are Democrats Carter & Obama had domestic energy policies that increased US energy production.

Carter increased US production? Is that why we had gas rationing?
What were Obama's pro-production policies again?

 

[surada]

US production did not plunge in 1985.

Obama's regulations were a result of DeepWater Horizon and BP's cheating on safety.

So Obama increased US production by reducing offshore production?

Obama has nothing to do with it. The reason for the flurry of activity was because the ppb was high.

Oil companies increase production when the price of oil is high.

Currently, rig counts in the US are going down to prop up the ppb.. They don't want a glut of oil on the market.

 

[Toddsterpatriot]

Obama has nothing to do with it.

Finally, something we can agree on.

 

[surada]

Finally, something we can agree on.

Listen to Kiss My.. He/She understands the oil business.

Rig counts in the US were higher under Obama than in the previous 44 years.

 

[Toddsterpatriot]

Rig counts in the US were higher under Obama than in the previous 44 years.

And as you said, he had nothing to do with that.

 

[surada]

And as you said, he had nothing to do with that.

Correct. Although he did a good job with safety regulations. Rig counts are going down now.

 

[Toddsterpatriot]

Listen to Kiss My.. He/She understands the oil business.

Rig counts in the US were higher under Obama than in the previous 44 years.

Listen to Kiss My.. He/She understands the oil business.

The facts are Democrats Carter & Obama had domestic energy policies that increased US energy production.

Based on his comments, he doesn't understand the oil business.

 

[surada]

How much do Biden and Harris want US crude production to decrease?

Crude oil production decreased in 2020 because of covid and the drop in demand. We're still importing 7.5 million bpd.

 

[Toddsterpatriot]

Crude oil production decreased in 2020 because of covid and the drop in demand. We're still importing 7.5 million bpd.

What were our net imports in 2020?

 

[surada]

What were our net imports in 2020?

I don't know.. Lower than usual since demand was way down.

 

[Toddsterpatriot]

I don't know.. Lower than usual since demand was way down.

You posted a link right here..........

LA mayor says Biden will “rapidly wind” fracking “down”

Here's Biden's own words: He said that he would end the Subsidies and I agree with that. he didn't say he would ban fracking, just no longer subsidize it. Subsidizing Oil Companies is just plain wrong. Subsidizing Oil Companies is just plain wrong. You understand that writing off a...

www.usmessageboard.com

 

[surada]

No president does.

If a president pushes regulations to reduce production, will that increase
production or reduce production?

If the ppb goes too low US producers go out of business.

Obama intended to increase production by intentionally increasing prices?

In 1985 Papa Bush begged OPEC to raise the price of oil because US producers were in dire straights.

Is that why oil dropped to $10 in 1986?

Obama didn't increase the ppb. Domestic production stagnated under Dubya and the ppb was too low for investors... so the price went up .. Then everybody started drilling.

It wasn't 1985 .. It was 1986.

 

[surada]

I don't know.. Lower than usual since demand was way down.

In 2020.. we imported 5 million bpd and exported 3 million bpd.

 

[Devils_Advocate]

Record Increase in US Oil Production under Obama / Biden!!!
Record Decrease in US Oil Production under Trump / Pence!!!

Again, there was the Pandemic going on… Ya know the one your beloved China started?

So the decrease was because of massive shutdowns because of the pandemic and the increase is because of reopening of certain states like California, but hey let spin this in a way to pretend Biden is some savior that he is not!

 

[Toddsterpatriot]

Obama didn't increase the ppb.

And he didn't encourage production.

 

[surada]

How much do Biden and Harris want US crude production to decrease?

The market is short 7 million bpd and nobody has enough spare capacity to fix that.