Offthemat Posted July 18, 2023 Share Posted July 18, 2023 2 minutes ago, Le duke said: With the internet at your fingertips, you again choose to spout easily researched and refuted falsehoods. Why? Domestic oil production has increased, on a three month rolling average, every month since Biden took office. Look at his first months in office. It dropped so much that with your three month rolling average it hasn’t quite reached pre-biden levels yet. 1 Link to comment Share on other sites More sharing options...
Le duke Posted July 18, 2023 Share Posted July 18, 2023 6 minutes ago, Offthemat said: Look at his first months in office. It dropped so much that with your three month rolling average it hasn’t quite reached pre-biden levels yet. That does not appear to be true. 10 million barrels per day, average, in February 2021. Currently at 12.4+. https://ycharts.com/indicators/us_crude_oil_field_production https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCRFPUS2&f=W Link to comment Share on other sites More sharing options...
BobDole Posted July 18, 2023 Share Posted July 18, 2023 43 minutes ago, Offthemat said: The economy kept up with QE since 2008, and was growing again right up to the day biden took office. When he shut down the pipeline, drilling, fracing, and permitting, the economy couldn’t keep up anymore. If you notice, biden eased up on oil production restrictions recently ,and amazingly, inflation started backing down. For now, this world runs on oil. Donald Trump wasn’t entirely blameless, he resisted the shutdown from the start but caught hell and gave in. He did stay true enough to leave it to the states to decide. That’s why New York, California, and Michigan, were so different than Florida, Georgia, and Texas. As I recall, virtually every country in the world shut down, except Sweden. The reports coming out now of all the fraud that was perpetrated on the people over the ‘pandemic’ are blood curdling. It will be told in history books but I doubt there’ll be any accountability. The oil production and everything associated with it is too complicated to even put on this forum and way over your head. Link to comment Share on other sites More sharing options...
BobDole Posted July 18, 2023 Share Posted July 18, 2023 1 minute ago, Le duke said: That does not appear to be true. 10 million barrels per day, average, in February 2021. Currently at 12.4+. https://ycharts.com/indicators/us_crude_oil_field_production https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCRFPUS2&f=W Facts have no bearing in fantasy Fox world. Link to comment Share on other sites More sharing options...
Husker_Du Posted July 18, 2023 Share Posted July 18, 2023 oh ffs. Biden himself brags about limiting oil production any time he gets a chance. he literal shut down projects then bragged about it. on day 1. domestic oil production has gone up almost zero. yes, a plus, but insignificant. especially when all you leftist goons say 'oil prices are a global problem' it's not a effing global problem when your country has more than enough resources to serve itself you don't have to be a rocket scientist to know that when global oil supplies went down, the minute increase in domestic wasn't going to be enough to cover it. but here you are again, being disingenuous and defending utterly stupid decisions b/c of your allegiance. 2 TBD Link to comment Share on other sites More sharing options...
Offthemat Posted July 18, 2023 Share Posted July 18, 2023 34 minutes ago, Le duke said: That does not appear to be true. 10 million barrels per day, average, in February 2021. Currently at 12.4+. https://ycharts.com/indicators/us_crude_oil_field_production https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCRFPUS2&f=W Your first chart starts too late , but how can you look at the second chart and not see exactly what i said? 1 Link to comment Share on other sites More sharing options...
Plasmodium Posted July 18, 2023 Share Posted July 18, 2023 Oil prices are a problem for consumers if the price is too high and a problem for producers if too low. That is global, because it is a global market. e.g. US producers won't charge US consumers less than they could get from export. Link to comment Share on other sites More sharing options...
Husker_Du Posted July 18, 2023 Share Posted July 18, 2023 you can't be effin serious. is gas that expensive in other oil-rich nations? lol or in other oil-rich nations is it not a global market? it's only a global market for the U.S.? TBD Link to comment Share on other sites More sharing options...
Offthemat Posted July 18, 2023 Share Posted July 18, 2023 12 minutes ago, Husker_Du said: oh ffs. Biden himself brags about limiting oil production any time he gets a chance. he literal shut down projects then bragged about it. on day 1. domestic oil production has gone up almost zero. yes, a plus, but insignificant. especially when all you leftist goons say 'oil prices are a global problem' it's not a effing global problem when your country has more than enough resources to serve itself you don't have to be a rocket scientist to know that when global oil supplies went down, the minute increase in domestic wasn't going to be enough to cover it. but here you are again, being disingenuous and defending utterly stupid decisions b/c of your allegiance. When we pull production off the global market it causes the same increase in prices as when anyone else does. Biden tried to placate the greenies by cutting production here and begging Saudi and russia and venezuela to increase production. It didn’t work. In fact, now that he’s opened up a little, Saudi has cutback. This is keeping putin flush with cash in spite of biden’s efforts to sanction him to death. 2 Link to comment Share on other sites More sharing options...
Offthemat Posted July 18, 2023 Share Posted July 18, 2023 4 minutes ago, Husker_Du said: you can't be effin serious. is gas that expensive in other oil-rich nations? lol or in other oil-rich nations is it not a global market? it's only a global market for the U.S.? Dictators tend to make their gasoline cheap to their subjects. I think it was ten or twenty cents a gallon after Chavez kicked the Americans out. Soon after, bread was $40 a loaf, though. Link to comment Share on other sites More sharing options...
Offthemat Posted July 18, 2023 Share Posted July 18, 2023 (edited) This is the chart that shows biden’s effective oil policies. tip of the hat to Plasmodium. Edited July 18, 2023 by Offthemat Link to comment Share on other sites More sharing options...
Plasmodium Posted July 18, 2023 Share Posted July 18, 2023 44 minutes ago, Husker_Du said: you can't be effin serious. is gas that expensive in other oil-rich nations? lol or in other oil-rich nations is it not a global market? it's only a global market for the U.S.? Serious about the obvious? Some countries are more, some less. It is a global market everywhere. Link to comment Share on other sites More sharing options...
Bigbrog Posted July 18, 2023 Share Posted July 18, 2023 2 hours ago, BobDole said: The oil production and everything associated with it is too complicated to even put on this forum and way over your head. But it's not over Plasi's head? Or Le Dukes?? Got it... 2 Link to comment Share on other sites More sharing options...
Le duke Posted July 18, 2023 Share Posted July 18, 2023 (edited) 1 hour ago, Offthemat said: Your first chart starts too late , but how can you look at the second chart and not see exactly what i said? Again: the numbers don't back up your assertion that oil production hasn't reached Trump numbers. There were plenty of monthly numbers well below what is being produced under the current administration. And, Willie's assertion that Biden "closed pinched" oil production is demonstrably false. Has it matched peak production during the Trump administration? No. But unless you want the US Government to take control of oil production, oil companies aren't going to produce more than they can sell, and sell profitably. They also want to maximize profits, and make up for losses during the Trump administration when they were selling oil at a loss. The peak of oil production under the Trump administration was followed by one of the biggest losses the modern oil market has ever seen in April/May 2020. Oil prices went negative. Too much on the market. Scroll to the bottom. Raw numbers. https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCRFPUS2&f=W Edited July 18, 2023 by Le duke Link to comment Share on other sites More sharing options...
Husker_Du Posted July 18, 2023 Share Posted July 18, 2023 2 hours ago, BobDole said: The oil production and everything associated with it is too complicated to even put on this forum and way over your head. jfc. i hope this is sarcasm. the US has so much oil the global market means ZERO. ZERO. the same effing way no foreign/global happenings mean anything to the UAE, etc. every last one of you who let Biden (who BRAGGED) off the hook for oil prices are partisan stans. 2 TBD Link to comment Share on other sites More sharing options...
MPhillips Posted July 18, 2023 Share Posted July 18, 2023 Shillie... Link to comment Share on other sites More sharing options...
Offthemat Posted July 18, 2023 Share Posted July 18, 2023 51 minutes ago, Le duke said: Again: the numbers don't back up your assertion that oil production hasn't reached Trump numbers. There were plenty of monthly numbers well below what is being produced under the current administration. And, Willie's assertion that Biden "closed pinched" oil production is demonstrably false. Has it matched peak production during the Trump administration? No. But unless you want the US Government to take control of oil production, oil companies aren't going to produce more than they can sell, and sell profitably. They also want to maximize profits, and make up for losses during the Trump administration when they were selling oil at a loss. The peak of oil production under the Trump administration was followed by one of the biggest losses the modern oil market has ever seen in April/May 2020. Oil prices went negative. Too much on the market. Scroll to the bottom. Raw numbers. https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCRFPUS2&f=W Yes, oil production fluctuates on price, but the effect of everything pre-biden kept fuel prices low. Biden’s shutdown was not a fluctuation, it was a manipulation that hurt Americans and helped putin. And china. The folks who gave him millions of dollars. Link to comment Share on other sites More sharing options...
Plasmodium Posted July 18, 2023 Share Posted July 18, 2023 56 minutes ago, Husker_Du said: jfc. i hope this is sarcasm. the US has so much oil the global market means ZERO. ZERO. the same effing way no foreign/global happenings mean anything to the UAE, etc. every last one of you who let Biden (who BRAGGED) off the hook for oil prices are partisan stans. This is so far removed from reality, you have to be trolling. Link to comment Share on other sites More sharing options...
BobDole Posted July 18, 2023 Share Posted July 18, 2023 54 minutes ago, Husker_Du said: jfc. i hope this is sarcasm. the US has so much oil the global market means ZERO. ZERO. the same effing way no foreign/global happenings mean anything to the UAE, etc. every last one of you who let Biden (who BRAGGED) off the hook for oil prices are partisan stans. Here is the simplistic version of what happened Trump pressured the Saudis to produce more oil thus driving down the gas prices and gas prices went down. Note that it also put a strain on the US oil as that cut into their profits. Covid hit and since no one was travelling there was an excess amount of oil/gas out there and prices plummeted more. Once that happened the US drilling started shutting down due to... LACK OF PROFITS. The combination of the Saudi's making more oil and covid caused this. That lead to less oil/gas production and thus gas prices going up again, you know the supply and demand thingy. US Oil production is up since Biden took office, that is a fact. The drilling that shut down has slowly started back up, but that takes MONEY and TIME. There is very little need for more drilling operations and permits as we have more than enough out there than we can currently utilize. Link to comment Share on other sites More sharing options...
Wrestleknownothing Posted July 18, 2023 Share Posted July 18, 2023 59 minutes ago, Husker_Du said: the US has so much oil the global market means ZERO. ZERO. This is really dumb. 1 Drowning in data, but thirsting for knowledge Link to comment Share on other sites More sharing options...
Husker_Du Posted July 18, 2023 Share Posted July 18, 2023 you're dumb (see how that works) TBD Link to comment Share on other sites More sharing options...
Offthemat Posted July 18, 2023 Share Posted July 18, 2023 1 hour ago, BobDole said: Here is the simplistic version of what happened Trump pressured the Saudis to produce more oil thus driving down the gas prices and gas prices went down. Note that it also put a strain on the US oil as that cut into their profits. Covid hit and since no one was travelling there was an excess amount of oil/gas out there and prices plummeted more. Once that happened the US drilling started shutting down due to... LACK OF PROFITS. The combination of the Saudi's making more oil and covid caused this. That lead to less oil/gas production and thus gas prices going up again, you know the supply and demand thingy. US Oil production is up since Biden took office, that is a fact. The drilling that shut down has slowly started back up, but that takes MONEY and TIME. There is very little need for more drilling operations and permits as we have more than enough out there than we can currently utilize. You know that thing you were talking about being over your head? Yeah. Link to comment Share on other sites More sharing options...
BobDole Posted July 18, 2023 Share Posted July 18, 2023 9 minutes ago, Offthemat said: You know that thing you were talking about being over your head? Yeah. Sorry for wasting your time, you weren't going to change anything you feel about the subject anyway. Maybe you could get away from Fox News and listen to trusted industry insiders. Of course that wouldn't be as fun when you can't blame it on one person. Link to comment Share on other sites More sharing options...
Offthemat Posted July 18, 2023 Share Posted July 18, 2023 8 minutes ago, BobDole said: Sorry for wasting your time, you weren't going to change anything you feel about the subject anyway. Maybe you could get away from Fox News and listen to trusted industry insiders. Of course that wouldn't be as fun when you can't blame it on one person. Yeah, you still don’t know what you’re talking about. Link to comment Share on other sites More sharing options...
Wrestleknownothing Posted July 18, 2023 Share Posted July 18, 2023 1 hour ago, Husker_Du said: you're dumb (see how that works) You are right. I was needlessly harsh there. Prior to 1878 and the building of the first successful oil tanker, this was a true statement. Today? Not so much. Did you mean prior to 1878? Drowning in data, but thirsting for knowledge Link to comment Share on other sites More sharing options...
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