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Post by greyhair on Mar 3, 2022 13:32:41 GMT -5
All good comments - my main point being that "drill, baby, drill" is a catchphrase that ignores how complicated the world market and industry really is.
Would more domestic drilling help us? Probably, but it's the companies that decide to invest the money. Not the government. The US doesnt drill, private business does.
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Post by sculver7 on Mar 3, 2022 14:30:40 GMT -5
All good comments - my main point being that "drill, baby, drill" is a catchphrase that ignores how complicated the world market and industry really is. Would more domestic drilling help us? Probably, but it's the companies that decide to invest the money. Not the government. The US doesnt drill, private business does. You are 100% correct, however, if the government hog ties oil company's hands with regulation and red tape because oil dependency is bad and the US needs to appear to care about the hot button issues, why would you invest more in expanding? It's like when the bully steals your lunch money everyday at school. Are you going to continually show up with money just so he can take it? We need to keep the oil that we produce in the US rather than sending it everywhere else in the US, but the government has put such a lock on what domestic oil producers can do because "oil is bad." By the way, I want to add that there definitely needs to be laws in place that protects the environment from unnethical and immoral destruction/pollution. I fail to see how a pipeline is bad for the environment in this country, but for the last 20 years, our troops overseas have been told to burn any and all trash/waste. Pretty much everything our government does is for appearances.
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Post by blackmouthcur on Mar 3, 2022 17:22:29 GMT -5
When they did this they removed the cushion for the American consumer and now we are at the mercy of global demand fluctuations.
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Ukraine
Mar 3, 2022 17:47:29 GMT -5
via mobile
Post by greyhair on Mar 3, 2022 17:47:29 GMT -5
True. Who do you think was pushing for the ability to export?
Our buddies the oil majors
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Post by treetop on Mar 3, 2022 19:08:44 GMT -5
It's very rarely that I delve into politics all that much because it is such a quagmire. However after making it thru a whole page and a half of this thread I had to skip to the end. I've read a lot that Putin is anti-nato, has anyone forgot that Russia IS in nato AND is a permanent member of nato AND has veto powers? And the thought of us sanctioning Russia to death? Please, and let me be first to say that I do not and repeat do not condone the use of our troops to fight another war. But the whole world sanctioning Russia so they will feel the squeeze? Please, if that is the case WHY are we still purchasing oil from Russia? Why do we think that the sanctions against Russia will put a hurting on the socialist regime. Let us think for one iota that the sanctions that the world is placing upon Russia will hurt them, you have a little red country next door to them who will definitely NOT put sanctions on Russia. Did we forget about the Chi-coms? To those of you on here who initially said they had respect for Putin, I will not comment on the issue. With all that being said I'm cutting it off here since I can already feel the IRE starting to raise in me. Just to scratch a little bit of what you said. Biden wants his sheep to believe he's trying to help. But, by purchasing oil from Russia, those of us who hadn't drank the Kool aid, know that Biden is not doing one thing to punish him. If Biden was really wanting to help, he'd open open the keystone pipeline and drill here and tell Putin to shove it. Can’t open it they are tearing it back out of all things
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Post by blackmouthcur on Mar 3, 2022 19:43:52 GMT -5
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Ukraine
Mar 3, 2022 20:13:12 GMT -5
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Post by greyhair on Mar 3, 2022 20:13:12 GMT -5
Biden can't drill. Chevron, Shell, BP, ExxonMobil etc. can though, if they believe theg can make money.
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Post by bartiks on Mar 3, 2022 20:43:12 GMT -5
Jman, In my rush to get the thoughts out of my head I was mistaken, there are parts of the former soviet union who are in NATO and not actually Russia itself. As the saying goes cooler head prevail. www.nato.int/cps/en/natohq/topics_50090.htm
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Ukraine
Mar 3, 2022 21:46:45 GMT -5
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Post by welder on Mar 3, 2022 21:46:45 GMT -5
Chernobyl power plant is under attack. This could become a disaster at any moment.
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Ukraine
Mar 3, 2022 22:31:12 GMT -5
via mobile
Post by greyhair on Mar 3, 2022 22:31:12 GMT -5
Shelling a nuclear plant? God I hope it is never necessary, but at what point will they have to be put down by force?
This plant is way bigger than Chernobyl. A meltdown would be an unprecedented catastrophe, affecting untold millions. The Fukushima reactors are still leaking radiation into the Pacific, and a lot of it.
Putin has gone insane, it seems. There is no other answer.
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Ukraine
Mar 3, 2022 23:00:46 GMT -5
via mobile
Post by freedomhunter on Mar 3, 2022 23:00:46 GMT -5
Shelling a nuclear plant? God I hope it is never necessary, but at what point will they have to be put down by force? This plant is way bigger than Chernobyl. A meltdown would be an unprecedented catastrophe, affecting untold millions. The Fukushima reactors are still leaking radiation into the Pacific, and a lot of it. Putin has gone insane, it seems. There is no other answer. . It is a great diversion but it isnt going to happen. Something shiny to stare at and provoke us while china and Russia park their nuclear subs within range of us when we blink and do something stupid it is game over
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Post by genesis273 on Mar 3, 2022 23:05:05 GMT -5
Well, I suppose Putin needs killed. Like, yesterday. Shooting at the nuclear facility is just out of control. His whole invasion into Ukraine is. He needs stopped. This has to end.
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Post by esshup on Mar 4, 2022 2:14:05 GMT -5
If the winds blow from West to East he's shooting himself in the foot, isn't he? Radioactive fallout will get blown to Russia? It's about 60 miles north of Kiev.
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Post by span870 on Mar 4, 2022 4:32:40 GMT -5
I'm done with the Ukraine argument.
As far as oil, the reason we export more oil is as simple as we do not have the facilities to store the oil. Most oil we export is the sweet crude oil used for fuel. Most oil we import is heavy crude. Some gets refined for fuel but most is used for energy. We don't produce enough crude to keep up with demand although it's there. Refining also is an issue. The vast majority of oil imported comes from Canada hence the keystone pipeline. It would have done zero for energy independence. Its original purpose was to quickly move what we already move from point a to b quicker than we do now.
This next is IMO only. As far as prices and opec. Opec insures a steady supply. Insuring that the amount does not go up or down controls the cost to some degree. The oil is in reserves but isn't allowed to flow to market setting a price. To compare let's imagine a fictional company and call it De Beers. De Beers is a warehouse for simply rocks. De Beers controls the majority of the release of said rocks worldwide. By limiting to supply creates a demand. All of a sudden the rocks are worth an astronomical amount because the demand goes above the supply, for a rock. If our imaginary company flooded the market with the rocks, those same rocks would be pretty much worthless. Opec does the exact same thing under suspect guidelines with a feel good message behind it.
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Post by beermaker on Mar 4, 2022 5:38:00 GMT -5
Shelling a nuclear plant? God I hope it is never necessary, but at what point will they have to be put down by force? This plant is way bigger than Chernobyl. A meltdown would be an unprecedented catastrophe, affecting untold millions. The Fukushima reactors are still leaking radiation into the Pacific, and a lot of it. Putin has gone insane, it seems. There is no other answer. . In my opinion, this is reason enough for all other civilized democracies to step in and put a stop to Putin. Notice I said CIVILIZED and DEMOCRACIES.
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Ukraine
Mar 4, 2022 7:10:52 GMT -5
via mobile
Post by greyhair on Mar 4, 2022 7:10:52 GMT -5
Good post Span, on the money
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Ukraine
Mar 4, 2022 7:54:34 GMT -5
via mobile
Post by greghopper on Mar 4, 2022 7:54:34 GMT -5
I'm done with the Ukraine argument. As far as oil, the reason we export more oil is as simple as we do not have the facilities to store the oil. Most oil we export is the sweet crude oil used for fuel. Most oil we import is heavy crude. Some gets refined for fuel but most is used for energy. We don't produce enough crude to keep up with demand although it's there. Refining also is an issue. The vast majority of oil imported comes from Canada hence the keystone pipeline. It would have done zero for energy independence. Its original purpose was to quickly move what we already move from point a to b quicker than we do now. This next is IMO only. As far as prices and opec. Opec insures a steady supply. Insuring that the amount does not go up or down controls the cost to some degree. The oil is in reserves but isn't allowed to flow to market setting a price. To compare let's imagine a fictional company and call it De Beers. De Beers is a warehouse for simply rocks. De Beers controls the majority of the release of said rocks worldwide. By limiting to supply creates a demand. All of a sudden the rocks are worth an astronomical amount because the demand goes above the supply, for a rock. If our imaginary company flooded the market with the rocks, those same rocks would be pretty much worthless. Opec does the exact same thing under suspect guidelines with a feel good message behind it. Come on now…. The stopping of Keystone pipeline is holding us back lol. The Canadian owned line needs his Canadian oil to flow faster and to the gulf! Yes storage is a huge factor in US … these private companies buy it cheap then store it until prices are highest then sale it! We use to do a lot work in Cushing,Ok on oil storage tanks it slowed down when prices went down.I am sure the building will increase again! Pic from top of tank looking down at the floating roof.
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Post by Mack Apiary Bees on Mar 4, 2022 9:24:55 GMT -5
All I know Ukraine was top three worst evil governments in the world. Maybe #1 or tied with Great Britain parliament and China right behind them two. Then we has Canada (new player) and USA competing for evil top spot. Not sure what will come out of it. At least Bill Gates and ones like him are not a threat for a while. I hate wars, but when evil gets so bad something has to break. What is really sad is the human populations allow governments to get out of control. Just like the one we have.
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Ukraine
Mar 4, 2022 12:46:19 GMT -5
Post by Mack Apiary Bees on Mar 4, 2022 12:46:19 GMT -5
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Ukraine
Mar 4, 2022 18:54:01 GMT -5
via mobile
Post by budd on Mar 4, 2022 18:54:01 GMT -5
Gas hit 3.89 today.
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