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Economy U.S Energy Independence: From Net Oil Exporter To Begging OPEC To Increase Production Again.

Discussion in 'The War Room' started by Arkain2K, May 9, 2018.

  1. Arkain2K Si vis pacem, para bellum

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    Which part of this simple notion do you find hard to understand? o_O



    https://www.nytimes.com/2019/09/14/world/middleeast/saudi-arabia-refineries-drone-attack.html
     
  2. Arkain2K Si vis pacem, para bellum

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    U.S. oil’s 10% surge after Saudi attack puts it on track for the biggest daily gain in 3½ years
    Sept 15, 2019

    [​IMG]

    https://www.marketwatch.com/story/u...he-biggest-daily-gain-in-312-years-2019-09-15
     
  3. second sight We have officially entered the "Age of Deception"

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    Natural gas is oils silent partner, all the effort yet pennies on the dollar for a clean burning energy source. And we have what seems like unlimited supplies.
     
  4. ElKarlo Yellow Card Yellow Card

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    Yep. It used to be pie in the sky expensive. But now it's a viable and easily obtained option
     
  5. surrealworlds Black Belt

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    Seems like the U.S. has benefited greatly from Saudi's tragedy..... :cool:
     
  6. Amerikuracana Life allows the illusion of relativity Banned

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    I read that 5% of the world's crude was just destroyed. I am fully anti interventionist in the middle East, but that is going to hurt IS no matter what.
     
  7. ElKarlo Yellow Card Yellow Card

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    Wasn't destroyed. Taken offline.
    But yeah IS and anything propped up by Iran is going to get ground up
     
  8. Amerikuracana Life allows the illusion of relativity Banned

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    You're right.
     
  9. ElKarlo Yellow Card Yellow Card

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    No worries it's easy to confuse such things especially when they're not explicit
     
  10. Ophydian Silver Belt

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    To be honest, I haven’t read much about the story other than article titles and what not. To coordinate an attack of that magnitude deep within Saudi territory IMO is not something the Houthis could had done alone. The drone tech alone to carry the explosives isn’t something you pick up at Target.
     
  11. Arkain2K Si vis pacem, para bellum

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    US oil production climbs to record as net imports decline
    09 Oct 2019​

    [​IMG]
    Washington — US oil production averaged a record 12.6 million b/d last week as US net imports of crude oil fell to levels not seen since February, the US Energy Information Administration said Wednesday.

    In its Weekly Petroleum Status Report for the week ending October 4, the agency said domestic crude production had increased by 1.4 million b/d from the same week a year ago.

    In its Short-Term Energy Outlook Tuesday, EIA forecast monthly US oil output to average 13 million b/d by December, but that roughly 1 million b/d of annual growth is expected to slow in 2020, climbing less than 400,000 b/d over the course of next year.

    [​IMG]

    US imports of crude oil averaged over 6.22 million b/d last week, down about 67,000 b/d from last week and down more than 1.17 million b/d from the same week last year, the agency said.

    For the 20th week in a row, the US imported no crude from Venezuela and for the fifth week in a row imported no Kuwaiti crude, EIA data shows. US refiners imported over 3.4 million b/d from Canada and 524,000 b/d from Mexico last week, up nearly 100,000 b/d and 193,000 b/d, respectively, from last week, according to the EIA. Imports of Saudi crude fell to 350,000 b/d, down 120,000 b/d from the previous week and down 531,000 b/d from the same week a year ago.

    US net imports of crude averaged over 2.82 million b/d last week, down 601,000 b/d from the previous week, as US crude exports climbed over 3.4 million b/d, up 534,000 b/d from the previous week and the highest weekly domestic average since the third week of June when 3.77 million b/d were exported. US net crude imports fell below 2.56 million b/d in the week ending February 22 before climbing to nearly 4.2 million b/d the following week, EIA data showed.

    https://www.spglobal.com/platts/en/...ction-climbs-to-record-as-net-imports-decline
     
  12. Madmick Zugzwang Staff Member Senior Moderator

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    Special Report: ‘Time to take out our swords' - Inside Iran’s plot to attack Saudi Arabia
    Iran isn't stupid. They realized what Democrats have not; that Trump is Teddy's inverse: a "Twitter Tiger". He walks loudly, and carries a tiny stick.

    I think that's been a good thing, but you can only threaten "red lines" so many times before people realize that even the might USA isn't to be feared when it does nothing but bluff. A preemptive strike like the one he conducted on Assad's air force base is already a distant memory.
     
  13. MMAGA Belt of Truth

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    Isn't that what refineries are for?
     
  14. Arkain2K Si vis pacem, para bellum

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    Russia's Putin says shale oil technologies are 'barbaric'
    Sam Meredith | Wed, 20 Nov 2019​

    [​IMG]

    https://www.cnbc.com/amp/2019/11/20/russias-putin-says-shale-oil-technologies-are-barbaric.html
     
    Last edited: Nov 25, 2019
  15. Arkain2K Si vis pacem, para bellum

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    U.S. oil production at all time high, reaches 12.8 million barrels per day in November
    ADRIAN HEDDEN | CARLSBAD CURRENT-ARGUS | November 22, 2019​

    https://amp.currentargus.com/amp/4231024002
     
  16. Mendacious Banned Banned

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    Oil production is at an all time high and we have more natural gas than we can store. The future is looking bright for US energy independence and production.

    Meanwhile corrupted state-run oil companies are declining. Feels good man.
     
  17. VivaRevolution Banned Banned

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  18. Rod1 Titanium Belt

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    Russia is also a big polluter, they are just pissed about local pollution when the largest issue is climate change.
     
  19. Rod1 Titanium Belt

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    The future is as grim as ever because cheap oil is holding back renewables and by the time we are out of fossil fuels the damage will be too much.
     
  20. Rod1 Titanium Belt

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    Thats the silver lining, petrostates have been against the ropes for quite a while.
     

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