OPEC+ to cut 2 million barrels a day.

33,299 Views | 599 Replies | Last: 2 yr ago by samurai_science
Rockdoc
How long do you want to ignore this user?
Manhattan said:

If Biden was bad for the US O&G industry wouldn't OPEC temporarily tank prices to keep Dems in charge?

Not over putting money in their own pockets. Let other posters educat you. I'm retired.
whatthehey78
How long do you want to ignore this user?
Birdwatcher said:

Congress just passed a historic climate bill. Now is the time to push forward with renewables, not go backwards.
Username fits
Alexander, Caesar, Charlemagne, and myself founded empires; but upon what foundation did we rest the creations of our genius? Upon force! But Jesus Christ founded His upon love; and at this hour millions of men would die for Him. - Napoleon Bonaparte
Squadron7
How long do you want to ignore this user?
Manhattan said:

Squadron7 said:

Manhattan said:

Taiwan, Japan, South Korea.

Or literally do exactly what we did with masks in February and not close small businesses. Force the WFH where possible but not close a small store or restaurant when Home Depot and Lowes are packed with people "working from home"

Could you have picked societies any more homogenous than those three?

Do you really not see the difference culturally? And how that translates to any level of effectiveness here in America?

My God.

Plus, everything you suggested is to be handled at the state and not federal level in our country.


Yes, many Americans are pieces of **** and don't care about anyone but themselves to the detriment… of themselves.

Chains don't set lightly on most Americans.

Your mileage may vary.
TheMasterplan
How long do you want to ignore this user?
Trump leaving it to the states was actually a tremendous response. Closing schools down forever like democrats did at a national level would've reduced our average IQ in the long run.
Beat40
How long do you want to ignore this user?
Manhattan said:

If Biden was bad for the US O&G industry wouldn't OPEC temporarily tank prices to keep Dems in charge?
Watch this video and see how a lot of the global industry believes they are connected. They want people in charge who are mostly pro production. Also listen to what Kuwait and Qatar say that Exxon can't say.

fullback44
How long do you want to ignore this user?
HollywoodBQ said:

fullback44 said:

Ive been in the O&G business for a long long time, its obvious when people like this Manhatten guy doesnt know what they are talking about...

my take is that OPEC wants to see prices stay high or even go up at this point, they dont really care about the US elections,
The two bolded statements appear to be in conflict with each other.
Im saying that OPECs #1 priority is about keeping their prices high (or at least stable) and that the US elections are somewhere lower down on the priority list. However, I do believe that OPEC doesnt mind stinging Biden a little with the recent energy policies he has pushed... This cut is more about balancing the demand situation than politics, with the EU and US driving seasons over (less gasoline demand) they can control pricing by just cutting production, they will do this weather Biden likes it or not.. he cant control what they do, and sure it may make him look bad if our prices go up.. but why should they care, they want to stabilize crude pricing .. elections or no elections.
Squadron7
How long do you want to ignore this user?
Quote:

Trump leaving it to the states was actually a tremendous response.

It was the only response that should have come from the Federal level.



Definitely Not A Cop
How long do you want to ignore this user?
Whistle Pig said:

Betoisafurry said:

Whistle Pig said:

Actual Talking Thermos said:

fixer said:

Actual Talking Thermos said:




What is your concern?
All the talk of Biden hamstringing oil independence seems questionable.


The "F your feelings" crowd sure has a lot of feelings about oil production and gets mad about facts.

A made up chart is not a fact. We know because we actually WORK for a living unlike you lazy worthless moochers.


You can recreate the data table for yourself if your feelings tell you it's "made up".

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPUS2&f=M


Again, why are we not back to pre-Covid production levels?
TheMasterplan
How long do you want to ignore this user?
Agreed.

There's stark differences in student retention and student progress in democrat controlled cities/states vs republicans. Concentrating only on COVID, not having any foresight to unintended consequences and not taking a holistic approach is low IQ.
Manhattan
How long do you want to ignore this user?
Definitely Not A Cop said:

Whistle Pig said:

Betoisafurry said:

Whistle Pig said:

Actual Talking Thermos said:

fixer said:

Actual Talking Thermos said:




What is your concern?
All the talk of Biden hamstringing oil independence seems questionable.


The "F your feelings" crowd sure has a lot of feelings about oil production and gets mad about facts.

A made up chart is not a fact. We know because we actually WORK for a living unlike you lazy worthless moochers.


You can recreate the data table for yourself if your feelings tell you it's "made up".

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPUS2&f=M


Again, why are we not back to pre-Covid production levels?


That has been answered repeatedly.
deddog
How long do you want to ignore this user?
Manhattan said:

Yes, Trump was very lucky to inherit eight years of economic growth and the aftermath of the fracking boom.
Yes. "Luck"

You think we've forgotten Obama laughing at Palin's "2.00$ gallon gas" ? Do you think we've forgotten how Obama's energy secretary was on record for wanting "european style" gas prices?
And we are unlucky under Biden? The man who said he wanted to destroy the O&G industry?

The fracking boom was inspite of Obama and everything the Democrats did to stop it. It was American ingenuity.
Once again, you voted for and champion an O&G hating President thats causing higher gas prices and want to call Trumps pro Energy independence "luck"

You are a partisan hack and exemplify everything people hate about liberalism
Ellis Wyatt
How long do you want to ignore this user?
Actual Talking Thermos said:

fixer said:

Actual Talking Thermos said:




What is your concern?
All the talk of Biden hamstringing oil independence seems questionable.
He stated he wanted to shut down the O&G industry. He's been working hard at it. What are you questioning?
AggiePops
How long do you want to ignore this user?
Yellerjacket said:

Birdwatcher said:

We could become less reliant on Saudi Arabia by, I don't know, using more renewable energy and thus using less of their oil.
We could just produce our own oil and not rely on Saudi Arabia at all.
Getting there. Following the early 2020 crash in production, the U.S. daily production has climbed back to where it was mid-2019. One issue slowing down faster growth is companies have recorded record profits in the last year+ with the higher prices of crude and refined products so they're not in a hurry to produce enough to lower prices much. That's a business decision and has nothing to do with government or politics from either side. I suppose if you simply want to force significantly increased production the Feds could privatize the oil industry and thus have total control, like some countries have done. Doubt that would ever fly. Nor should it.
HollywoodBQ
How long do you want to ignore this user?
Manhattan said:

Yes, Trump was very lucky to inherit eight years of economic growth and the aftermath of the fracking boom.
8 years of economic growth under Chicago Jesus? Right.

Here's that really happened.

https://www.bls.gov/charts/employment-situation/civilian-labor-force-participation-rate.htm
Civilian Labor Participation Rate
Jan 2005 = 65.8 - beginning of Bush II
Jan 2009 = 65.7 - beginning of Obama & GFC in full effect
Jan 2013 = 63.7 - Obama II
Sept 2015 = 62.4 - lowest labor participation rate under Obama
Jan 2017 = 62.8 - Trump I
Jan 2020 = 63.4 - During Trump's first term, people re-joined the workforce. This was thought to be impossible
Apr 2020 = 60.2 - The scamdemic is in full effect
Jan 2021 = 61.4 - Even with lockdowns, labor participation grew by 1.2% under Trump
Aug 2022 = 62.4 - two and a half years into the scamdemic, we're still not as good as where we were with the mean tweeter. And if you look at the fact this was the lowest labor participation rate under Obama, I guess it's safe to say that Biden isn't even as good as Obama.

And the labor participation rate isn't going down because all the old boomers are retiring.
https://www.bls.gov/opub/ted/2017/labor-force-participation-rates-projected-to-decline-in-the-coming-decade.htm
Whistle Pig
How long do you want to ignore this user?
deddog said:

Manhattan said:

Yes, Trump was very lucky to inherit eight years of economic growth and the aftermath of the fracking boom.
Yes. "Luck"

You think we've forgotten Obama laughing at Palin's "2.00$ gallon gas" ? Do you think we've forgotten how Obama's energy secretary was on record for wanting "european style" gas prices?
And we are unlucky under Biden? The man who said he wanted to destroy the O&G industry?

The fracking boom was inspite of Obama and everything the Democrats did to stop it. It was American ingenuity.
Once again, you voted for and champion an O&G hating President thats causing higher gas prices and want to call Trumps pro Energy independence "luck"

You are a partisan hack and exemplify everything people hate about liberalism


So it seems that pandering and rhetoric made during primary races don't always turn in to policy.

deddog
How long do you want to ignore this user?
Whistle Pig said:

deddog said:

Manhattan said:

Yes, Trump was very lucky to inherit eight years of economic growth and the aftermath of the fracking boom.
Yes. "Luck"

You think we've forgotten Obama laughing at Palin's "2.00$ gallon gas" ? Do you think we've forgotten how Obama's energy secretary was on record for wanting "european style" gas prices?
And we are unlucky under Biden? The man who said he wanted to destroy the O&G industry?

The fracking boom was inspite of Obama and everything the Democrats did to stop it. It was American ingenuity.
Once again, you voted for and champion an O&G hating President thats causing higher gas prices and want to call Trumps pro Energy independence "luck"

You are a partisan hack and exemplify everything people hate about liberalism


So it seems that pandering and rhetoric made during primary races don't always turn in to policy.


This is just stupid at this point.

we are not talking Production. Why do you libs keep deflecting away from prices? Does the gas price counter at your gas station show you the Production today? Or does it charge you in dollars?

Again, if production is high WHY is the White House pressuring OPEC?
Why is Biden emptying out the SPR?

I'm pretty sure none of you folks have any understanding of O&G works. Do you think there's a magic spigot that they turn off an on?
Keller6Ag91
How long do you want to ignore this user?
Birdwatcher said:

We could become less reliant on Saudi Arabia by, I don't know, using more renewable energy and thus using less of their oil.


What a myopic unwise perspective.
Gig'Em and God Bless,

JB'91
Manhattan
How long do you want to ignore this user?
There were 5,000,000 open jobs at the end of the Obama presidency, but people cut off their nose to own the libs so…
deddog
How long do you want to ignore this user?
And can we stop with the stupid biden is not anti-oil crap

There is a well documented history

https://barr.house.gov/_cache/files/1/7/17ec008b-f7ea-49e6-b614-ea9b4dd12d6f/16871653E745FF6D04D065F4E6DE8623.a-promise-kept-biden-s-war-on-energy-final-002-.pdf

And theres also a thread on Texags
https://texags.com/forums/16/topics/3299620/replies/62413736

But here's a reproduction, so we can stop these asinine claims

On January 20, 2021,
Besides canceling the Keystone XL pipeline,
President Biden restricted domestic production by issuing a moratorium on all oil and natural gas leasing activities in the Arctic National Wildlife Refuge.
He also restored and expanded the use of the government-created social cost of carbon metric to artificially increase the regulatory costs of energy production of fossil fuels when performing analyses, as well as artificially increase the so-called "benefits" of decreasing production.
Biden continued to revoke Trump administration executive orders, including those related to the Waters of the United States rule and the Antiquities Act. The Trump-era actions decreased regulations on Federal land and expanded the ability to produce energy domestically.

On January 27, 2021
Biden issued an executive order announcing a moratorium on new oil and gas leases on public lands
or in offshore waters
and reconsideration of Federal oil and gas permitting and leasing practices.
He directed his Interior Department to conduct a review of permitting and leasing policies.
Also, by Executive Order, Biden directed agencies to eliminate federal fossil fuel "subsidies" wherever possible, disadvantaging oil and natural gas compared to other industries that receive similar Federal tax treatments or other energy sources which receive direct subsidies.
This Biden Executive Order attacked the energy industry by promoting "ending international financing of carbon-intensive fossil fuel-based energy while simultaneously advancing sustainable development and a green recovery." In other words, the U.S. government would leverage its power to attack oil and gas producers while subsidizing favored industries.
Biden's EO pushed for an increase in enforcement of "environmental justice" violations and support for such efforts, which typically are advanced by radical environmental organizations and slip-and-fall lawyers hoping to cash in on the backs of energy consumers.

On February 2, 2021
The EPA hired Marianne Engelman-Lado, a prominent environmental justice proponent, to advance its radical Green New Deal social justice agenda at the EPA, a signal to industry that it plans to continue its attack on American energy.

On February 4, 2021
At the behest of the January 27th Climate Crisis EO, the DOJ withdrew several Trump-era enforcement documents which provided clarity and streamlined regulations to increase energy independence.

On February 19, 2021
Biden officially rejoined the Paris Climate Agreement, which is detrimental to Americans while propping up oil production in Russia and OPEC and increasing the dependence of Europe on Russian oil and natural gas. It also benefits China, who dominates the supply chain for critical minerals that are needed for wind turbines, solar panels, and electric vehicle batteries.

On February 23, 2021
Biden administration issued a Statement of Administration Policy in support of H.R. 803 which curtailed energy production on over 1.5 million acres of federal lands.

On March 11, 2021
The President signed ARPA, which included numerous provisions advancing Biden's green priorities, such as a $50 million environmental slush fund directed towards "environmental justice" groups, including efforts advanced by Biden's EO.
ARPA also included $50 million in grant funding for Clean Air Act pollution-related activities aimed at advancing the green agenda at the expense of the fossil fuel industry.

On March 15, 2021
Biden's Securities and Exchange Commission sought input regarding the possibility of a rule that would require hundreds of businesses to measure and disclose greenhouse gas emissions in a standardized way, hugely increasing the environmental costs of compliance and disincentivizing oil and gas production.
Post removed:
by user
ProgN
How long do you want to ignore this user?
Red Red Wine said:

WRONG

California does not allow drilling off of their coast. Millions of barrels of oil there.

US won't let us drill in ANWAR - billions of barrels of oil (and natgas) there.

US Federal leases: Biden's team pulled them, got sued, re-instated them, then tried to sell more but NO ONE trusts them.

You people don't know SH*T about the oil industry so stop coming in here acting like you do.

It takes YEARS and BILLIONS OF DOLLARS to develop decent sized oil-producing fields. How do I get to the oil, how do I move the oil, how do i refine the oil, how do I explain to morons in the Biden Admin how this works???

If you wanted a barrel of oil from the coast of California or in Federal lands in Alaska: answer me this - how many days would it take from the word "go" to the actual production of a barrel of oil?

also, when oil is sitting at $40 a barrel how many wells are turned down or drilled and capped for later production pulls????? A lot. When oil hits $100/barrel, you have capacity already drilled and turned on thus domestic oil production goes UP. DUH.

But, go look at your own charts. Oil under Obama was around 7MM/day. When pro-oil, energy independent Trump came in oil production went up almost 50%!!!! Now with oil even HIGHER in price all we are getting is a lame 5% increase in oil production????

Please tell me you are smart enough to figure this out on your own. Good Lord you guys need to go read more books that have actual facts in them versus the opinions you are fed by your Lord's of the Left.
"We need a whistle pig clean up on aisle 16, clean up on aisle 16, thank you".
Rossticus
How long do you want to ignore this user?
ProgN
How long do you want to ignore this user?
Rossticus said:


I've been told by some tards that our production is the highest it's ever been, then why are we rewarding a murderous dictator for oil? I guess the prospect of gas skyrocketing before election day is worth enriching an evil communist.
Manhattan
How long do you want to ignore this user?
Because Chevron has good lobbyists.
deddog
How long do you want to ignore this user?
Manhattan said:

Because Chevron has good lobbyists.
Translation: The Biden administration is corrupt

10% for the big guy?
stallion6
How long do you want to ignore this user?
Birdwatcher said:

Solar and wind are what we urgently need.
America needs projects and goods budgeted based on emissions impact. The American corporations (and the public) should be put on CO2 budgets for nonessentials, so we have more CO2 space left over to construct renewables as fast as we can.
We are 6 years out from cascading tipping points. The hotter it gets, the faster we get to "in your lifetime" effects. The climate is already screwed. How much worse it gets is up to us.
So you are really saying you are pro-China.
Manhattan
How long do you want to ignore this user?
Just another reply because it wasn't addressed. Someone posted an article asking why we don't talk about the ozone layer anymore, and failed to mention massive changes made to fix it.
ProgN
How long do you want to ignore this user?
Manhattan said:

Because Chevron has good lobbyists.



That makes zero sense. Please enlighten us while we explore this new rabbit hole.
mccjames
How long do you want to ignore this user?
Birdwatcher said:

We could become less reliant on Saudi Arabia by, I don't know, using more renewable energy and thus using less of their oil.
So how much strip mining for lithium do you want to increase? 200% that will add 1 million more electric vehicles proverbial drop in the bucket.

Ok let's add wind power, you would have to damn near cover all of Montana and Wyoming to make a dent so much for national parks!

Solar, well after we cover Nevada and Arizona, we will need to dig up New Mexico to dispose of all the toxic panels that are at end of life in the next 5 years.

How about we just start drilling and allowing pipeline construction again! Before Biden we were as close to self-sufficient as we have been in decades. Now Biden is begging Opec to not cut and blaming everything on Putin.
Manhattan
How long do you want to ignore this user?
Did you expect the O&G production numbers to look like an asymptote when we got a new president?
Allen Aggie
How long do you want to ignore this user?
Yellerjacket said:

Birdwatcher said:

We could become less reliant on Saudi Arabia by, I don't know, using more renewable energy and thus using less of their oil.
We could just produce our own oil and not rely on Saudi Arabia at all.
Biden hinting at making it easier for oil companies today. If gas was at $2/gallon he'd be: Let's kill those ****ing oil companies.
Whistle Pig
How long do you want to ignore this user?
ProgN said:

Red Red Wine said:

WRONG

California does not allow drilling off of their coast. Millions of barrels of oil there.

US won't let us drill in ANWAR - billions of barrels of oil (and natgas) there.

US Federal leases: Biden's team pulled them, got sued, re-instated them, then tried to sell more but NO ONE trusts them.

You people don't know SH*T about the oil industry so stop coming in here acting like you do.

It takes YEARS and BILLIONS OF DOLLARS to develop decent sized oil-producing fields. How do I get to the oil, how do I move the oil, how do i refine the oil, how do I explain to morons in the Biden Admin how this works???

If you wanted a barrel of oil from the coast of California or in Federal lands in Alaska: answer me this - how many days would it take from the word "go" to the actual production of a barrel of oil?

also, when oil is sitting at $40 a barrel how many wells are turned down or drilled and capped for later production pulls????? A lot. When oil hits $100/barrel, you have capacity already drilled and turned on thus domestic oil production goes UP. DUH.

But, go look at your own charts. Oil under Obama was around 7MM/day. When pro-oil, energy independent Trump came in oil production went up almost 50%!!!! Now with oil even HIGHER in price all we are getting is a lame 5% increase in oil production????

Please tell me you are smart enough to figure this out on your own. Good Lord you guys need to go read more books that have actual facts in them versus the opinions you are fed by your Lord's of the Left.
"We need a whistle pig clean up on aisle 16, clean up on aisle 16, thank you".


Facts don't care about your feelings, or Red Wine's feelings or rants.

Dr. Mephisto
How long do you want to ignore this user?
This can't be possible.

We heard from Biden's own mouth today that "no one f@<%s with a Biden."

Someone please inform OPEC of this hard and fast rule. Joe Biden said so.
austinAG90
How long do you want to ignore this user?
In all my years on TexAgs this thread has the best collection of dipsh*ts I've ever see...Biden begging Venz now says it all......
Manhattan
How long do you want to ignore this user?
OPEC demands the head of one western journalist if you want anything; Kushner got a cool $2beez!
 
×
subscribe Verify your student status
See Subscription Benefits
Trial only available to users who have never subscribed or participated in a previous trial.