Why "drill baby, drill" has a direct affect on all our lives!

[SassyIrishLass]

The right opposes renewables. That is the only thing that could make US energy independent. There isn't enough fossil fuels left to make US function stall for much longer.

Sit down.

 

[Moonglow]

Evidently not. But you're too Fckn stupid to have it explained to you and the dumbass Stann

U.S. Energy Independence Soars To Highest Level In Over 70 Years

Newly released data from the Energy Information Administration provides a clear picture of U.S. energy independence in 2022.

www.forbes.com

 

[hadit]

Biden was alrady drilling record amounts.

No, that was happening despite him, not because of him.

 

[Billiejeens]

The right opposes renewables. That is the only thing that could make US energy independent. There isn't enough fossil fuels left to make US function stall for much longer.

How much is left?

 

[SassyIrishLass]

U.S. Energy Independence Soars To Highest Level In Over 70 Years

Newly released data from the Energy Information Administration provides a clear picture of U.S. energy independence in 2022.

www.forbes.com

Unimpressed wannabe be woodchuck

 

[healthmyths]

So these people in the oil industry want to earn less by drilling more?

OK...now I understand why you are "moonglow"!!!
Let's see how your comment works in reality.
Let's assume a oil company before Trump grosses $1,000,000 on 20,000 barrels of oil or grosses $50/barrel.
For simplicity, the Oil company has 2 workers at $50,000/year or annual cost of $100,000
This leaves the oil company $900,000.
But the oil company after "Drill, baby, drill" produces 30,000 barrels but at lower price of $40/barrel or $1,200,000.
The 2 Oil company workers have increase in salary to $60,000 or total cost $120,000.
This Leaves oil company $1,080.000... HMMM $180,000 more revenue even after giving workers over 20% increase!

That means the company increased revenue by $180,000 EVEN though they have a lower price/barrel!

I am 100% confident the above is too complicated for you to understand as your attention span is
obviously less than the average American's 8.25 seconds!

Average Human Attention Span Statistics & Facts [2024] - Samba Recovery

Dive into surprising facts about the average human attention span, its influences, and impact on cognition.

www.sambarecovery.com

 

[Stann]

They want more oil to meet increasing demand and to supply new markets.

Want and get are two different things. Can we afford this path much longer. Saudi Arabian which floated on oil is collapsing. Half of all it's oil reserves are gone
12.4 million barrels ( 42 gallons ) of oil a day over 50 years will tend to do that.

 

[LeftofLeft]

Biden was alrady drilling record amounts.

Prices indicate he was not drilling enough. There was no compelling reason to limit or restrict US Production and Infrastructure. Those actions only emboldened foreign oil suppliers.

Record production and profits do not correlate to demand being met.

 

[healthmyths]

Wrong.

E&E News: Biden administration oil drilling permits outpace Trump

Data from the Interior Department’s Bureau of Land Management showed it granted 3,377 permits to drill on public land in 2023.

subscriber.politicopro.com

WRONG!!!
FACTS!

Why Biden's Oil Drilling Permits Surge Is Not What It Seems

Recent claims suggesting that the Biden administration has granted 50 percent more oil and gas drilling permits on federal land compared to the Trump administration have been circulating in the media – and while that data is accurate, it’s a lot more complex. A closer...

www.energyindepth.org

Recent claims suggesting that the Biden administration has granted 50 percent more oil and gas drilling permits on federal land compared to the Trump administration have been circulating in the media –
and while that data is accurate, it’s a lot more complex.
A closer look at the 2023 data reveals that many of the permits approved by the Biden administration were granted on land that was leased during the Trump administration.
The Biden administration, on the other hand, has held the absolute minimum lease sales possible.

At the end of the 2020 fiscal year, right before President Biden took office, a total of 6,234 applications for permit to drill were pending approval.
Recent media reports claim that in the last three years, the Biden administration has approved 9,522 permits to drill – which would make up the permit backlog, plus some.
Reminder: one of Biden’s first moves upon taking office was pausing lease sales, resulting in the number of leases for development on federal land slowing down significantly during the Biden administration compared to previous administrations. Delays in sales, ongoing appeals, and settlements with activist groups further contribute to the decline. New Mexico, North Dakota and Coloradohave been among the states with lease sales postponed or canceled resulting in a significant economic impact.

 

[Billiejeens]

The right opposes renewables. That is the only thing that could make US energy independent. There isn't enough fossil fuels left to make US function stall for much longer.

Once again

How much is left

Don't just be a punk
Quantify it.

 

[Stann]

How much is left?

Good question , the US currently uses 20.25 million barrels of oil a day. Our estimated oil reserves are 48.3 billion barrels. Figure out how long that's going to last. Most of the oil to be gotten out of fracking has already been used up this all the closings of fracking wells. And most of the rest of the oil lies in sensitive areas. How much of an ecological disaster are willing to create in the nr of almighty oil. This is why renewables are so important. The sooner we develop them , they longer the remaining fossil fuels will last.

 

[Stann]

Once again

How much is left

Don't just be a punk
Quantify it.

Sorry I don't type as fast as you do and I had to look up the data.

 

[TimFitz]

OK...now I understand why you are "moonglow"!!!
Let's see how your comment works in reality.
Let's assume a oil company before Trump grosses $1,000,000 on 20,000 barrels of oil or grosses $50/barrel.
For simplicity, the Oil company has 2 workers at $50,000/year or annual cost of $100,000
This leaves the oil company $900,000.
But the oil company after "Drill, baby, drill" produces 30,000 barrels but at lower price of $40/barrel or $1,200,000.
The 2 Oil company workers have increase in salary to $60,000 or total cost $120,000.
This Leaves oil company $1,080.000... HMMM $180,000 more revenue even after giving workers over 20% increase!

That means the company increased revenue by $180,000 EVEN though they have a lower price/barrel!

I am 100% confident the above is too complicated for you to understand as your attention span is
obviously less than the average American's 8.25 seconds!

Average Human Attention Span Statistics & Facts [2024] - Samba Recovery

Dive into surprising facts about the average human attention span, its influences, and impact on cognition.

www.sambarecovery.com

No, it's a made up oversimplification that isn''t supported by any evidence whatsoever.

It is also based on the assumption that there will be a 50% increase in demand, dispite the fact that there is no shortage or pent up demand.

 

[Robert W]

Which court forced him to drill more, the US government is not in the business of oil production

https://www.reuters.com/legal/litigation/judge-doubles-down-blocking-biden-oil-gas-pause-13-states-2022-08-19/

 

[Woodznutz]

Which market is new,?

Europe, news at eleven.

The long and short of is that,
Europe depends heavily on imports to meet its energy needs.
Much still comes from Russia despite sanctions from each upon the other.
The security of future imports is important to Europe.
Enter the U.S. as a secure provider.

 

[Robert W]

The right opposes renewables. That is the only thing that could make US energy independent. There isn't enough fossil fuels left to make US function stall for much longer.

Depends on the use of renewables. For instance, Wind is renewable. But windmills on public property will face objections and other difficulties. Wind is part time. Wind spins turbines at different speeds and transmissions for windmills have proven to be a serious problem.
What you read about oil while is valuable, it is not reliable information. Why? Because of the strong presence of Democrats who talk the way you talk.

 

[Woodznutz]

The right opposes renewables. That is the only thing that could make US energy independent. There isn't enough fossil fuels left to make US function stall for much longer.

Nuke plans can make us energy independent. Wind and solar are eyesores (where is Lady Bird when we need her most).

 

[Robert W]

This is why renewables are so important. The sooner we develop them , they longer the remaining fossil fuels will last.

It assumes that your so called newables do just what alleged fossil fuels can do. A lot more research must be done. A good way to cut down oil production is to move to nuclear. I think you will object to nuclear since you have not included them as needed to produce electric power.

 

[Stann]

Good question , the US currently uses 20.25 million barrels of oil a day. Our estimated oil reserves are 48.3 billion barrels. Figure out how long that's going to last. Most of the oil to be gotten out of fracking has already been used up this all the closings of fracking wells. And most of the rest of the oil lies in sensitive areas. How much of an ecological disaster are willing to create in the nr of almighty oil. This is why renewables are so important. The sooner we develop them , they longer the remaining fossil fuels will last.

Nuke plans can make us energy independent. Wind and solar are eyesores (where is Lady Bird when we need her most).

There's a good and bad side to everything. Fossil fuels were cheap and available. , that is no longer the case plus they are destroying the ecosystem. A mixture of everything available is probably the best balance. This crunch is occurring because we put all our eggs in one basket. Let's not repeat the same mistakes.

 

[Stann]

Good question , the US currently uses 20.25 million barrels of oil a day. Our estimated oil reserves are 48.3 billion barrels. Figure out how long that's going to last. Most of the oil to be gotten out of fracking has already been used up this all the closings of fracking wells. And most of the rest of the oil lies in sensitive areas. How much of an ecological disaster are willing to create in the nr of almighty oil. This is why renewables are so important. The sooner we develop them , they longer the remaining fossil fuels will last.

If my math is correct , we only have 6.7 years of oil left at our current rate of use. Thought we'd have more time. Prices will skyrocket long before that time comes.