Artemis Windsong
Senior Associate
The love in me salutes the love in you. M. Williamson
Joined: Dec 18, 2010 19:32:12 GMT -5
Posts: 12,312
Today's Mood: Twinkling
Location: Wishing Star
Favorite Drink: Fresh, clean cold bottled water.
|
Post by Artemis Windsong on Jul 5, 2022 10:41:36 GMT -5
Shipments of crude oil overseas. Failure of power grid could be next problem.
|
|
billisonboard
Community Leader
Joined: Dec 20, 2010 22:45:44 GMT -5
Posts: 37,449
Member is Online
|
Post by billisonboard on Jul 5, 2022 12:10:58 GMT -5
"We are not predicting or sounding alarms, but the risk is poorly quantified. It won't matter until it matters, unfortunately." (From the link)
|
|
Artemis Windsong
Senior Associate
The love in me salutes the love in you. M. Williamson
Joined: Dec 18, 2010 19:32:12 GMT -5
Posts: 12,312
Today's Mood: Twinkling
Location: Wishing Star
Favorite Drink: Fresh, clean cold bottled water.
|
Post by Artemis Windsong on Jul 5, 2022 12:14:08 GMT -5
The reserves can be refreshed and refilled but will that happen?
|
|
Tiny
Senior Associate
Joined: Dec 29, 2010 21:22:34 GMT -5
Posts: 13,363
|
Post by Tiny on Jul 5, 2022 15:35:56 GMT -5
Since it's so very important to assign blame or find a scapegoat - who was responsible for updating the infrastructure? (I suspect every state handles it's own infrastructure - with help from the Federal government)
I'm guessing the infrastructure would fail - no matter what kind of energy is moving thru it (clean or dirty).
Is this a poke that more coal or natural gas burning plants should have been built (to pump into that older infrastructure?) rather than "cleaner energy" sources?
|
|
djAdvocate
Member Emeritus
only posting when the mood strikes me.
Joined: Jun 21, 2011 12:33:54 GMT -5
Posts: 75,064
Mini-Profile Background: {"image":"","color":"000307"}
|
Post by djAdvocate on Jul 5, 2022 15:56:46 GMT -5
The reserves can be refreshed and refilled but will that happen? of course it will. it is a fairly small budget item, and the government is all about supporting oil companies.
|
|
teen persuasion
Senior Member
Joined: Dec 20, 2010 21:58:49 GMT -5
Posts: 4,039
|
Post by teen persuasion on Jul 5, 2022 21:28:37 GMT -5
Since it's so very important to assign blame or find a scapegoat - who was responsible for updating the infrastructure? (I suspect every state handles it's own infrastructure - with help from the Federal government) I'm guessing the infrastructure would fail - no matter what kind of energy is moving thru it (clean or dirty). Is this a poke that more coal or natural gas burning plants should have been built (to pump into that older infrastructure?) rather than "cleaner energy" sources? The utilities are ALL slacking off at maintaining their infrastructure. We are seeing it first-hand here at my house. We've had increasing interruptions in service in electricity, phone (we still have landline because there's no cell coverage), and cable internet. A coworker was told by the phone company that when she drops service, they will cut the copper to her street - no one will have access to a landline afterwards on her street (and her service was crappy - their calls and the neighbors' would cross, and any rain disrupted connections). Our phone line goes out every other month or so, and takes more than a week to get it repaired (with lots of prodding from us). It's usually critters nesting up in the boxes somewhere down the road, or squirrels chewing wires, or nonsense like that. But the central headquarters insists on trying multiple levels of software fixes remotely, first. Wind events bring down power lines multiple times per season now, vs per decade previously. This past winter we had three separate power outages due to downed poles. The second one was because the repair to the first one left the lines hanging too low over the street - a semi going 55+ snagged it and kept going, breaking another pole on the opposite side from the original broken pole. That pole is now just patched with boards on either side to hold it back together. The third one was in my yard; the utility tree trimming last summer did not remove a tree (as we authorized), just trimmed it, and it broke off halfway up, leaning on all the lines, until it burned thru them. The electric lines are properly repaired, but the phone and cable internet lines are still just half-assed looped up, high enough not to get snagged by our cars driving in and out of the driveway, but slack on either side and drooping down, with lengths coiled on the ground in spots (will the town mowing the shoulders chop them?), and the support wires are all loose to either neighbors' side. Multiple calls to both utilities are ignored. There's burned patches in the grass where the live wires sparked for hours waiting for repair crews. And yet! They proactively replaced a pole at the north end of our property just before the tree broke (only the electric lines got moved over; the others are still attached to the cut old pole). And three poles to the south of our property were replaced 5ish years ago when another wind storm broke them off in a line (no trees, open field).
|
|
Value Buy
Senior Associate
Joined: Dec 20, 2010 17:57:07 GMT -5
Posts: 18,680
Today's Mood: Getting better by the day!
Location: In the middle of enjoying retirement!
Favorite Drink: Zombie Dust from Three Floyd's brewery
Mini-Profile Name Color: e61975
Mini-Profile Text Color: 196ce6
|
Post by Value Buy on Jul 6, 2022 7:07:23 GMT -5
Since it's so very important to assign blame or find a scapegoat - who was responsible for updating the infrastructure? (I suspect every state handles it's own infrastructure - with help from the Federal government) I'm guessing the infrastructure would fail - no matter what kind of energy is moving thru it (clean or dirty). Is this a poke that more coal or natural gas burning plants should have been built (to pump into that older infrastructure?) rather than "cleaner energy" sources? The utilities are ALL slacking off at maintaining their infrastructure. We are seeing it first-hand here at my house. We've had increasing interruptions in service in electricity, phone (we still have landline because there's no cell coverage), and cable internet. A coworker was told by the phone company that when she drops service, they will cut the copper to her street - no one will have access to a landline afterwards on her street (and her service was crappy - their calls and the neighbors' would cross, and any rain disrupted connections). Our phone line goes out every other month or so, and takes more than a week to get it repaired (with lots of prodding from us). It's usually critters nesting up in the boxes somewhere down the road, or squirrels chewing wires, or nonsense like that. But the central headquarters insists on trying multiple levels of software fixes remotely, first. Wind events bring down power lines multiple times per season now, vs per decade previously. This past winter we had three separate power outages due to downed poles. The second one was because the repair to the first one left the lines hanging too low over the street - a semi going 55+ snagged it and kept going, breaking another pole on the opposite side from the original broken pole. That pole is now just patched with boards on either side to hold it back together. The third one was in my yard; the utility tree trimming last summer did not remove a tree (as we authorized), just trimmed it, and it broke off halfway up, leaning on all the lines, until it burned thru them. The electric lines are properly repaired, but the phone and cable internet lines are still just half-assed looped up, high enough not to get snagged by our cars driving in and out of the driveway, but slack on either side and drooping down, with lengths coiled on the ground in spots (will the town mowing the shoulders chop them?), and the support wires are all loose to either neighbors' side. Multiple calls to both utilities are ignored. There's burned patches in the grass where the live wires sparked for hours waiting for repair crews. And yet! They proactively replaced a pole at the north end of our property just before the tree broke (only the electric lines got moved over; the others are still attached to the cut old pole). And three poles to the south of our property were replaced 5ish years ago when another wind storm broke them off in a line (no trees, open field). Do you own any electric, or gas utilities or any oil companies that also have refineries, and read their quarterly and annual reports? I think you will find they do spend tens of milions of dollars annually simply on maintenance and millions more on upgrades to create better efficiencies and running. If our utilities and oil companies are as nefarious as everyone believes, why would they not spend millions on upgrades so they can make more billions in profits?? If they do not spend that money they make less money. Then you have the Federal regulations requiring more spending on cleaning up the pollution problems they also create. Cannot comment on landlines, as alas, they are going the way of buggy whip production.
|
|
djAdvocate
Member Emeritus
only posting when the mood strikes me.
Joined: Jun 21, 2011 12:33:54 GMT -5
Posts: 75,064
Mini-Profile Background: {"image":"","color":"000307"}
|
Post by djAdvocate on Jul 6, 2022 8:41:39 GMT -5
...and cable news....
|
|
teen persuasion
Senior Member
Joined: Dec 20, 2010 21:58:49 GMT -5
Posts: 4,039
|
Post by teen persuasion on Jul 6, 2022 20:39:13 GMT -5
The utilities are ALL slacking off at maintaining their infrastructure. We are seeing it first-hand here at my house. We've had increasing interruptions in service in electricity, phone (we still have landline because there's no cell coverage), and cable internet. A coworker was told by the phone company that when she drops service, they will cut the copper to her street - no one will have access to a landline afterwards on her street (and her service was crappy - their calls and the neighbors' would cross, and any rain disrupted connections). Our phone line goes out every other month or so, and takes more than a week to get it repaired (with lots of prodding from us). It's usually critters nesting up in the boxes somewhere down the road, or squirrels chewing wires, or nonsense like that. But the central headquarters insists on trying multiple levels of software fixes remotely, first. Wind events bring down power lines multiple times per season now, vs per decade previously. This past winter we had three separate power outages due to downed poles. The second one was because the repair to the first one left the lines hanging too low over the street - a semi going 55+ snagged it and kept going, breaking another pole on the opposite side from the original broken pole. That pole is now just patched with boards on either side to hold it back together. The third one was in my yard; the utility tree trimming last summer did not remove a tree (as we authorized), just trimmed it, and it broke off halfway up, leaning on all the lines, until it burned thru them. The electric lines are properly repaired, but the phone and cable internet lines are still just half-assed looped up, high enough not to get snagged by our cars driving in and out of the driveway, but slack on either side and drooping down, with lengths coiled on the ground in spots (will the town mowing the shoulders chop them?), and the support wires are all loose to either neighbors' side. Multiple calls to both utilities are ignored. There's burned patches in the grass where the live wires sparked for hours waiting for repair crews. And yet! They proactively replaced a pole at the north end of our property just before the tree broke (only the electric lines got moved over; the others are still attached to the cut old pole). And three poles to the south of our property were replaced 5ish years ago when another wind storm broke them off in a line (no trees, open field). Do you own any electric, or gas ustiities, or any oil companies that also have refineries, and read their quarterly and annual reports? I think you will find they do spend tens of milions of dollars annually simply on maintenance and millions more on upgrades to crate better efficiencies and running. If our utilities and oil companies are as nefarious as everyone believes, why would they not spend millions on upgrades so they can make more billions in profits?? If they do not spend that money they make less money. Then you have the Federal regulations requiring more spending on cleaning up the pollution problems they also create. Cannot comment on landlines, as alas, they are going the way of buggy whip production. Working a bit backwards - yes, landlines are on their way out. The phone utility would LOVE to cut everyone's copper lines and not have to deal with their rotting infrastructure; they are doing it one house, one street, one neighborhood at a time as people "upgrade" to fiber (but not available outside the 'burbs) or ditch copper for VOIP (but not reliable when electric or internet goes out, or useless if no broadband available like down one street from us) or cell (but no coverage in my area). There is no natural gas line down my road, so no infrastructure there. Oil and gas are delivered by truck. As I mentioned, cable internet is not available everywhere in this county - we are lucky to have access, but the side street south of us has none. I remember pre-Covid talking with people newly moved into the area, and how frustrated they were that they had no internet available at their new house. They never thought to ask about availability, because elsewhere it's a given. It was seriously affecting them with work, unable to access things. The infrastructure I'm most talking about is the distribution network of wires. Given the increasing number of damaging storms from climate change and the age of the network, I don't understand why they don't just bury the wires instead of repeatedly restringing broken wires and replacing broken poles and trying to trim trees around the wires. As an area's network reaches an age that it needs proactive replacement, or a major storm takes out a wide swath, why not switch to buried lines instead of just cobbling the creaky old system back together (until the next storm, later that month)? There's no upgrading out here, just patching. Any upgrading is in the generation plants, or SW running things. The weak link IS the distribution grid. The more unreliable the grid gets, the more residents decide they need backups like generators. Nearly everybody is getting NG generators - my employer just got one - but no NG on my street! So we'd need LP for a automatic one (we have a gasoline generator, but it's a PITA and won't run the boiler) and it would be expensive to run for long periods, from what I've read. I'd rather just invest in solar and/or wind like more and more of my neighbors are doing, to get us OFF of fossil fuels altogether!
|
|
Opti
Community Leader
Joined: Dec 18, 2010 10:45:38 GMT -5
Posts: 39,691
Location: New Jersey
Mini-Profile Name Color: c28523
Mini-Profile Text Color: 990033
|
Post by Opti on Jul 6, 2022 20:51:57 GMT -5
Shipments of crude oil overseas. Failure of power grid could be next problem.
My understanding from another article I read, is that the crude was shipped overseas to be refined because our domestic refineries are fully in use.
|
|
Value Buy
Senior Associate
Joined: Dec 20, 2010 17:57:07 GMT -5
Posts: 18,680
Today's Mood: Getting better by the day!
Location: In the middle of enjoying retirement!
Favorite Drink: Zombie Dust from Three Floyd's brewery
Mini-Profile Name Color: e61975
Mini-Profile Text Color: 196ce6
|
Post by Value Buy on Jul 7, 2022 8:10:06 GMT -5
Shipments of crude oil overseas. Failure of power grid could be next problem.
My understanding from another article I read, is that the crude was shipped overseas to be refined because our domestic refineries are fully in use. Hmmn, Biden claimed he sold the oil at a very good price! I do not like the fact we sold oil to Europe Asia and China from the national reserve, but I understand why it was done. We do not want Russia to sell their oil to these countries. Regardless of whoever says refineries are running at 100%, They do not run at 100% Probably 95 to 97%. The real problerm was the day Biden took office he said oil production and refinery production were a dying industry in America, and he did everything possible to stop any new production or creating refinery capacity. As a matter of fact, it takes years to plan a new refinery and receive all the fedreral, state, and local permits to start the construction of a refinery. It is the old "not in my backyard" argument and is understandable. You could probably get a nuclear power plant fast tracked faster than a refinery these days. I have not heard Biden state lets fast track a new refinery, full speed ahead!
|
|
Value Buy
Senior Associate
Joined: Dec 20, 2010 17:57:07 GMT -5
Posts: 18,680
Today's Mood: Getting better by the day!
Location: In the middle of enjoying retirement!
Favorite Drink: Zombie Dust from Three Floyd's brewery
Mini-Profile Name Color: e61975
Mini-Profile Text Color: 196ce6
|
Post by Value Buy on Jul 7, 2022 8:16:05 GMT -5
...and cable news.... Fox is still killing the competition from the leftwing organizations. Just sayin' Heck, Fox is even talking they are gaining democratic viewers these days. Have you seen some of Hunter's laptop videoes or Joe telling Hunter in 2018 (before the election) he was ok on his overseas companies because he saw the NY Times article before it was published that gave Hunter a pass. Biden family empire is reaching Clinton empire numbers from Bill's time in office., and Biden does not even use a foundation to do it!!
|
|
Cheesy FL-Vol
Junior Associate
"Life is either a daring adventure, or nothing." -- Helen Keller
Joined: Dec 17, 2010 16:13:50 GMT -5
Posts: 6,691
Mini-Profile Background: {"image":"","color":""}
|
Post by Cheesy FL-Vol on Jul 7, 2022 8:31:38 GMT -5
...and cable news.... Fox is still killing the competition from the leftwing organizations. Just sayin' Heck, Fox is even talking they are gaining democratic viewers these days. Have you seen some of Hunter's laptop videoes or Joe telling Hunter in 2018 (before the election) he was ok on his overseas companies because he saw the NY Times article before it was published that gave Hunter a pass. Biden family empire is reaching Clinton empire numbers from Bill's time in office., and Biden does not even use a foundation to do it!! Are you posting in the wrong thread? None of your comments are related to the topic of crude oil/energy.
|
|
dondub
Senior Associate
The meek shall indeed inherit the earth but only after the Visigoths are done with it.
Joined: Jan 16, 2014 19:31:06 GMT -5
Posts: 12,110
Location: Seattle
Favorite Drink: Laphroig
|
Post by dondub on Jul 7, 2022 10:10:15 GMT -5
Fox is still killing the competition from the leftwing organizations. Just sayin' Heck, Fox is even talking they are gaining democratic viewers these days. Have you seen some of Hunter's laptop videoes or Joe telling Hunter in 2018 (before the election) he was ok on his overseas companies because he saw the NY Times article before it was published that gave Hunter a pass. Biden family empire is reaching Clinton empire numbers from Bill's time in office., and Biden does not even use a foundation to do it!! Are you posting in the wrong thread? None of your comments are related to the topic of crude oil/energy. They do have a crude ooze though.
|
|
djAdvocate
Member Emeritus
only posting when the mood strikes me.
Joined: Jun 21, 2011 12:33:54 GMT -5
Posts: 75,064
Mini-Profile Background: {"image":"","color":"000307"}
|
Post by djAdvocate on Jul 7, 2022 16:42:20 GMT -5
...and cable news.... Fox is still killing the competition from the leftwing organizations. Just sayin' Heck, Fox is even talking they are gaining democratic viewers these days. if they want to do that, they should start by learning the difference between a noun and an adjective. as to your first point, DiGo was killing the competition in 1976.
|
|
Opti
Community Leader
Joined: Dec 18, 2010 10:45:38 GMT -5
Posts: 39,691
Location: New Jersey
Mini-Profile Name Color: c28523
Mini-Profile Text Color: 990033
|
Post by Opti on Jul 7, 2022 17:43:28 GMT -5
My understanding from another article I read, is that the crude was shipped overseas to be refined because our domestic refineries are fully in use. Hmmn, Biden claimed he sold the oil at a very good price! I do not like the fact we sold oil to Europe Asia and China from the national reserve, but I understand why it was done. We do not want Russia to sell their oil to these countries. Regardless of whoever says refineries are running at 100%, They do not run at 100% Probably 95 to 97%. The real problerm was the day Biden took office he said oil production and refinery production were a dying industry in America, and he did everything possible to stop any new production or creating refinery capacity.As a matter of fact, it takes years to plan a new refinery and receive all the fedreral, state, and local permits to start the construction of a refinery. It is the old "not in my backyard" argument and is understandable. You could probably get a nuclear power plant fast tracked faster than a refinery these days. I have not heard Biden state lets fast track a new refinery, full speed ahead! Any laws or executive orders you can point to?
|
|
Opti
Community Leader
Joined: Dec 18, 2010 10:45:38 GMT -5
Posts: 39,691
Location: New Jersey
Mini-Profile Name Color: c28523
Mini-Profile Text Color: 990033
|
Post by Opti on Jul 7, 2022 18:34:24 GMT -5
|
|
dondub
Senior Associate
The meek shall indeed inherit the earth but only after the Visigoths are done with it.
Joined: Jan 16, 2014 19:31:06 GMT -5
Posts: 12,110
Location: Seattle
Favorite Drink: Laphroig
|
Post by dondub on Jul 7, 2022 19:45:15 GMT -5
They are 9000 leases right not not being drilled.
|
|
Artemis Windsong
Senior Associate
The love in me salutes the love in you. M. Williamson
Joined: Dec 18, 2010 19:32:12 GMT -5
Posts: 12,312
Today's Mood: Twinkling
Location: Wishing Star
Favorite Drink: Fresh, clean cold bottled water.
|
Post by Artemis Windsong on Jul 7, 2022 20:02:02 GMT -5
I asked google at what percent the refineries were refining crude. The answer was 93%. That said, the crude in the reserves does not need to be used.
|
|
billisonboard
Community Leader
Joined: Dec 20, 2010 22:45:44 GMT -5
Posts: 37,449
Member is Online
|
Post by billisonboard on Jul 7, 2022 20:06:42 GMT -5
The real problerm was the day Biden took office he said oil production and refinery production were a dying industry in America, ... I am interested about any exact statement and the context in which Biden might have said something that Value Buy paraphrased as he did. I hope that oil is an industry that shrinks to a very small scale as oil usage decreases for the betterment of the environment.
|
|
Artemis Windsong
Senior Associate
The love in me salutes the love in you. M. Williamson
Joined: Dec 18, 2010 19:32:12 GMT -5
Posts: 12,312
Today's Mood: Twinkling
Location: Wishing Star
Favorite Drink: Fresh, clean cold bottled water.
|
Post by Artemis Windsong on Jul 7, 2022 20:12:55 GMT -5
Oil is in too many products. It will remain viable. Oh, then California back peddles on using fossil fuels to ease the brown out and black out electrical use. I didn't copy the article. It could be an off hand comment to what are you going to do about the rolling brown outs.
|
|
Value Buy
Senior Associate
Joined: Dec 20, 2010 17:57:07 GMT -5
Posts: 18,680
Today's Mood: Getting better by the day!
Location: In the middle of enjoying retirement!
Favorite Drink: Zombie Dust from Three Floyd's brewery
Mini-Profile Name Color: e61975
Mini-Profile Text Color: 196ce6
|
Post by Value Buy on Jul 7, 2022 21:07:50 GMT -5
Fox is still killing the competition from the leftwing organizations. Just sayin' Heck, Fox is even talking they are gaining democratic viewers these days. Have you seen some of Hunter's laptop videoes or Joe telling Hunter in 2018 (before the election) he was ok on his overseas companies because he saw the NY Times article before it was published that gave Hunter a pass. Biden family empire is reaching Clinton empire numbers from Bill's time in office., and Biden does not even use a foundation to do it!! Are you posting in the wrong thread? None of your comments are related to the topic of crude oil/energy. If you are asking me, I replied to dj, who brought up cable news as a dying industry.
|
|
Value Buy
Senior Associate
Joined: Dec 20, 2010 17:57:07 GMT -5
Posts: 18,680
Today's Mood: Getting better by the day!
Location: In the middle of enjoying retirement!
Favorite Drink: Zombie Dust from Three Floyd's brewery
Mini-Profile Name Color: e61975
Mini-Profile Text Color: 196ce6
|
Post by Value Buy on Jul 7, 2022 21:12:11 GMT -5
I will not dispute the numbers they are showing, but the fact is the active rig count is put out every few weeks (or maybe weekly, IDK) and the number rarily changes by ten operating rigs from the previous report.
|
|
Value Buy
Senior Associate
Joined: Dec 20, 2010 17:57:07 GMT -5
Posts: 18,680
Today's Mood: Getting better by the day!
Location: In the middle of enjoying retirement!
Favorite Drink: Zombie Dust from Three Floyd's brewery
Mini-Profile Name Color: e61975
Mini-Profile Text Color: 196ce6
|
Post by Value Buy on Jul 7, 2022 21:21:59 GMT -5
The real problerm was the day Biden took office he said oil production and refinery production were a dying industry in America, ... I am interested about any exact statement and the context in which Biden might have said something that Value Buy paraphrased as he did. I hope that oil is an industry that shrinks to a very small scale as oil usage decreases for the betterment of the environment. www.csis.org/analysis/biden-makes-sweeping-changes-oil-and-gas-policyAs we all know the President has the "bully pulpit" and he used it from day one. Granted, this executive order does not stop drilling immediately, but when you read through the article it also says leases with rigs in operation start producing less oil, by year ten. Not every wrll is a new well. The majority are three to probably 12 years old. His words, just like Trump's words have consequences and he has continued to blame his Presidential failures with oil production output on everyone but his policies.that he has put in place
|
|
billisonboard
Community Leader
Joined: Dec 20, 2010 22:45:44 GMT -5
Posts: 37,449
Member is Online
|
Post by billisonboard on Jul 7, 2022 22:10:01 GMT -5
The real problerm was the day Biden took office he said oil production and refinery production were a dying industry in America, ... I am interested about any exact statement and the context in which Biden might have said something that Value Buy paraphrased as he did. I hope that oil is an industry that shrinks to a very small scale as oil usage decreases for the betterment of the environment. www.csis.org/analysis/biden-makes-sweeping-changes-oil-and-gas-policyAs we all know the President has the "bully pulpit" and he used it from day one. Granted, this executive order does not stop drilling immediately, but when you read through the article it also says leases with rigs in operation start producing less oil, by year ten. Not every wrll is a new well. The majority are three to probably 12 years old. His words, just like Trump's words have consequences and he has continued to blame his Presidential failures with oil production output on everyone but his policies.that he has put in place Perhaps you meant to link to a different article.
|
|
djAdvocate
Member Emeritus
only posting when the mood strikes me.
Joined: Jun 21, 2011 12:33:54 GMT -5
Posts: 75,064
Mini-Profile Background: {"image":"","color":"000307"}
|
Post by djAdvocate on Jul 7, 2022 22:54:11 GMT -5
Are you posting in the wrong thread? None of your comments are related to the topic of crude oil/energy. If you are asking me, I replied to dj, who brought up cable news as a dying industry. candidly, i think it is even broader than that. i think cable is dead. it only survives as long as the people who once owned a terrestrial TV live. everyone else thinks of it as as living museum- a thing of the past that doesn't have the sense to die like a good DoDo.
|
|
djAdvocate
Member Emeritus
only posting when the mood strikes me.
Joined: Jun 21, 2011 12:33:54 GMT -5
Posts: 75,064
Mini-Profile Background: {"image":"","color":"000307"}
|
Post by djAdvocate on Jul 7, 2022 22:55:03 GMT -5
The real problerm was the day Biden took office he said oil production and refinery production were a dying industry in America, ... I am interested about any exact statement and the context in which Biden might have said something that Value Buy paraphrased as he did. I hope that oil is an industry that shrinks to a very small scale as oil usage decreases for the betterment of the environment. www.csis.org/analysis/biden-makes-sweeping-changes-oil-and-gas-policyAs we all know the President has the "bully pulpit" and he used it from day one. Granted, this executive order does not stop drilling immediately, but when you read through the article it also says leases with rigs in operation start producing less oil, by year ten. Not every wrll is a new well. The majority are three to probably 12 years old. His words, just like Trump's words have consequences and he has continued to blame his Presidential failures with oil production output on everyone but his policies.that he has put in place are we still a net exporter? we were last year.
|
|
Opti
Community Leader
Joined: Dec 18, 2010 10:45:38 GMT -5
Posts: 39,691
Location: New Jersey
Mini-Profile Name Color: c28523
Mini-Profile Text Color: 990033
|
Post by Opti on Jul 8, 2022 0:16:38 GMT -5
I will not dispute the numbers they are showing, but the fact is the active rig count is put out every few weeks (or maybe weekly, IDK) and the number rarily changes by ten operating rigs from the previous report. I unfortunately just closed the tab, but a new one just came online July 7th. Touted to save the company money and should have its output numbers in 5 to 7 days.
|
|
Value Buy
Senior Associate
Joined: Dec 20, 2010 17:57:07 GMT -5
Posts: 18,680
Today's Mood: Getting better by the day!
Location: In the middle of enjoying retirement!
Favorite Drink: Zombie Dust from Three Floyd's brewery
Mini-Profile Name Color: e61975
Mini-Profile Text Color: 196ce6
|
Post by Value Buy on Jul 8, 2022 8:17:24 GMT -5
I will not dispute the numbers they are showing, but the fact is the active rig count is put out every few weeks (or maybe weekly, IDK) and the number rarily changes by ten operating rigs from the previous report. I unfortunately just closed the tab, but a new one just came online July 7th. Touted to save the company money and should have its output numbers in 5 to 7 days. Clarification..... active rig count is for the nation and not for a state number.
|
|
Value Buy
Senior Associate
Joined: Dec 20, 2010 17:57:07 GMT -5
Posts: 18,680
Today's Mood: Getting better by the day!
Location: In the middle of enjoying retirement!
Favorite Drink: Zombie Dust from Three Floyd's brewery
Mini-Profile Name Color: e61975
Mini-Profile Text Color: 196ce6
|
Post by Value Buy on Jul 8, 2022 8:20:28 GMT -5
|
|