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U.S. Crude Output to Rise to Record in 2023 on Shale Growth


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12 hours ago, Ez ryder said:

No one notices when you are pushing some bullshit you were fed 

 

Screenshot_20220225-220518_Chrome.jpg

Of course here will come the spot where he says "he doesn't vote"  LOL.   It's funny to watch everyone in this forum figure him out.

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5 hours ago, racer254 said:

Of course here will come the spot where he says "he doesn't vote"  LOL.   It's funny to watch everyone in this forum figure him out.

Think it takes about 3 days to for a new guy to catch on to his weak sauce 

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4 hours ago, spin_dry said:

The Shale switch was on throughout the majority of Trump's administration. 

Really ? That's funny don't know any of my subs that were sending guys to there oilfield shops in ND last 4 yrs . And they were on mandatory 7 days a mo in the ND shops when your brown god was the divider in chief 

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30 minutes ago, Ez ryder said:

Really ? That's funny don't know any of my subs that were sending guys to there oilfield shops in ND last 4 yrs . And they were on mandatory 7 days a mo in the ND shops when your brown god was the divider in chief 

Tight oil production increased steadily from 2016 through 2019. It dropped in 2020 with demand crashing. 

 

https://www.iea.org/data-and-statistics/charts/us-tight-oil-production-investment-and-free-cash-flow-2010-2020

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48 minutes ago, Ez ryder said:

Really ? That's funny don't know any of my subs that were sending guys to there oilfield shops in ND last 4 yrs . And they were on mandatory 7 days a mo in the ND shops when your brown god was the divider in chief 

Most likely because the construction boom is over up there.

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Oilprice.com

Will Biden's Freezing Of Oil And Gas Leases Exacerbate The Energy Crisis?

 
 
Editor OilPrice.com
Fri, February 25, 2022, 5:00 PM
 
 

As oil prices continue to rocket, now further helped along by Russia's invasion of Ukraine, the Biden administration is still fighting tooth and nail to freeze new oil and gas drilling leases - even after a court ruled against the administration for using a metric to estimate "the societal cost of carbon emissions" to justify their move.

Despite the court's ruling, Biden's administration has stopped new leases and permits for federal oil and gas drilling, MSN reported this week.

The administration was previously prevented from using the "social cost of carbon" metric in decisions regarding oil and gas thanks to an injunction issued by US District Judge James Cain of the Western District of Louisiana.

But government lawyers quickly appealed the injunction, arguing that it "necessitated a pause on all projects where the government was using a social-cost-of-carbon analysis in its decision-making". This, in turn, allowed the Biden administration to freeze oil and gas projects.

The metric in question uses economic models to put a value on each ton of carbon dioxide emitted, MSN reported, with the intention of quantifying the economic harm of climate change.

Related: Russia Has $630 Billion To Spare As It Considers Cutting European Gas Flows

Biden's lawyers argued: "The consequences of the injunction are dramatic. Pending rulemakings in separate agencies throughout the government -- none of which were actually challenged here -- will now be delayed. Other agency actions may now be abandoned due to an inability to redo related environmental analyses in time to meet mandatory deadlines."

Interior Department spokesperson Melissa Schwartz added: "The Interior Department has assessed program components that incorporate the interim guidance on social cost of carbon analysis from the Interagency Working Group, and delays are expected in permitting and leasing for the oil and gas programs."

Schwartz says the Interior Department "continues to move forward with reforms to address the significant shortcomings in the nation's onshore and offshore oil and gas programs," the report noted.

The timing couldn't be worse for the administration, as this week's invasion of Ukraine by Russia has pushed brent well above $100/barrel. We noted earlier this week that JP Morgan has suggested oil could average at about $110/barrel for the remainder of the year - but this prediction was also before the current geopolitical conflict in Europe escalated.

By Zerohedge.com

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On 2/25/2022 at 12:01 PM, spin_dry said:

Boom!!

Between 2009 and 2015 oil production had increased by 4.4 million BPD. This was the fastest increase in oil production in U.S. history, and marked the largest increase in oil production during a single term of any president. If natural gas liquids (NGLs) are included, the gains during Obama’s first seven years were 6 million BPD. U.S. net imports of finished products like gasoline turned into net exports during Obama’s second term, and next imports of finished products plus crude oil fell by over 6 million BPD.

Boom.

Neal

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13 hours ago, spin_dry said:

True, the infrastructure was developed and built under Obama. 

Because of the drilling that also ended under oboma now a bunch of empty trailer parks full of empty recycled fema trailers and pollbarns with equipment that was not worth taking with 

He built a real legacy 

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13 hours ago, Big Crappie said:

Most likely because the construction boom is over up there.

Electricians and pipe fitters were used at every platform. Bot my plumber and sparky have shops up there but they can be run by 1 or 2 guys at most. The bunk houses are empty 

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4 minutes ago, Ez ryder said:

Because of the drilling that also ended under oboma now a bunch of empty trailer parks full of empty recycled fema trailers and pollbarns with equipment that was not worth taking with 

He built a real legacy 

Go lay down by your dish. You just got owned. 

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