Barges Stranded as Mississippi River water levels reach Critical Low

[abu afak]

... Zionist people frauds do no open up on fox and say
I'm really a Jew and you morons think I'm Christian...
The Saudi Royal family is a great example of Zionist people fraud. They claim to be Muslim/ Islamic when they are really Jewish
Evidence
Aside from search for Saudi Royal family Jewish
Jeff epstein's #1 customer - Saudi crown prince bin salman
Putin on 9/13 - 911 a fraud by US Israel and SAUDI
Just this week, "Muslim" Saudis gave billions to Jew Ukraine....

Zone1 - Joe Biden on how to offend every race in 3:05 seconds

How the fuck has this guy ever won a single election in his lifetime? Who are the fucking morons who vote for this weird dipshit? why do Jews have long noses? because air is free!

www.usmessageboard.com

 

[Deplorable Yankee]

I blame the White Male patriarchy

 

[Winco]

It kept American oil producers from going bankrupt.

WTF did you think Trump did it?

I talked about production, not prices.

Because there is no relation between the two?
Who says liberals are clueless when it comes to economics?

OPEC has no control over that, supply and demand will influence the price.

Supply? Really? DURR

Now that we have hammered that out, back to you dodging the original question.

It kept American oil producers from going bankrupt.

HOW?

I know how it works, I don't think you do.
You refuse to give an explanation to what trump signed with OPEC+ and HOW that signing 'saved American oil producers from going bankrupt.'

 

[Toddsterpatriot]

Now that we have hammered that out, back to you dodging the original question.

It kept American oil producers from going bankrupt.

HOW?

I know how it works, I don't think you do.
You refuse to give an explanation to what trump signed with OPEC+ and HOW that signing 'saved American oil producers from going bankrupt.'

It kept American oil producers from going bankrupt.

HOW?

It kept the prices up. Duh.

I know how it works,

You're not a moron, you're just playing one? LOL!

You refuse to give an explanation to what trump signed with OPEC+

He got them to cut production. DURR

and HOW that signing 'saved American oil producers from going bankrupt.'

If oil prices dropped too low, American producers would go bankrupt.
Are you retarded?

 

[Winco]

HOW?

It kept the prices up. Duh.

I thought price were low under trump.
Isn't that the go to line.

Now you're saying that trump kept prices high.

 

[Toddsterpatriot]

I thought price were low under trump.
Isn't that the go to line.

Now you're saying that trump kept prices high.

So you are retarded.

 

[Harpy Eagle]

Happens every few years there Sam Clemens....

Nope, you are wrong yet again.

These are record low levels.

One example of something that has not happened in anyone's lifetime....

You Can Now Walk to Tower Rock in the Middle of the Mississippi River [PHOTOS]

In Perry County, Missouri, about 100 miles south of St. Louis, you can now walk to a gigantic rock in the middle of the Mississippi River.

www.riverfronttimes.com

 

[surada]

More Heat, More Drought.
Reservoirs down too from overuse and drought.

Barges stranded as Mississippi River water levels reach Critical low​

Major shipping delays and backlog of vessels after region experiences lack of rainfall in recent weeks
10/14/2022

The water in the Mississippi River has dropped so low that barges are getting stuck, leading to expensive dredging and at least one recent traffic jam of more than 2,000 vessels backed up.​

The Mississippi River Basin produces nearly all – 92% – of US agricultural exports, and 78% of the global exports of feed grains and soybeans. The recent drought has dropped water levels to alarmingly low levels that are causing shipping delays, and seeing the costs of alternative transport, such as rail, rise..."​

[.........]

Barges stranded as Mississippi River water levels reach critical low

Major shipping delays and backlog of vessels after region experiences lack of rainfall in recent weeks

www.theguardian.com

`

I've read that in some places the river is only 10' deep. Not good.

 

[surada]

Why is this OIL cut, YES CUT, by OPEC bidens fault?

Trump got them to do what he wanted, Biden can't do the same?

Is Biden stupid or something?

Trump was grandstanding. Every oil company cut production.. there was no demand in 2020.

 

[Winco]

So you are retarded.

Says the guy that won't defend his position and resorts to calling people retard.
Nice chat tod.

 

[surada]

Now that we have hammered that out, back to you dodging the original question.

It kept American oil producers from going bankrupt.

HOW?

I know how it works, I don't think you do.
You refuse to give an explanation to what trump signed with OPEC+ and HOW that signing 'saved American oil producers from going bankrupt.'

Trump didn't sign anything with OPEC.

 

[Crick]

Trump didn't sign anything with OPEC.

Oil Nations, Prodded by Trump, Reach Deal to Slash Production (Published 2020)

The deal will reduce output by 9.7 million barrels a day. While significant, the cut falls far short of what is needed to bring oil production in line with demand.

www.nytimes.com

 

[surada]

Oil Nations, Prodded by Trump, Reach Deal to Slash Production (Published 2020)

The deal will reduce output by 9.7 million barrels a day. While significant, the cut falls far short of what is needed to bring oil production in line with demand.

www.nytimes.com

The paywall limits what I can see. The US is not a member of OPEC and not subject to US antitrust laws. There would be nothing for Trump to sign. In 2020 over 200 US oil companies declared bankruptcy. So, it was pretty obvious that market demand was contracting dramatically. Of course producers cut production world wide.. Of course Trump claimed that he controlled them with threats.

 

[Crick]

The paywall limits what I can see. The US is not a member of OPEC and not subject to US antitrust laws. There would be nothing for Trump to sign. In 2020 over 200 US oil companies declared bankruptcy. So, it was pretty obvious that market demand was contracting dramatically. Of course producers cut production world wide.. Of course Trump claimed that he controlled them with threats.

I never said he signed anything. I was just trying to put a little more information out there. I did not see a paywall and do not subscribe to the Times. I guess I'm still in my monthly freebies. Here:

HOUSTON — Oil-producing nations on Sunday agreed to the largest production cut ever negotiated, in an unprecedented coordinated effort by Russia, Saudi Arabia and the United States to stabilize oil prices and, indirectly, global financial markets.
Saudi Arabia and Russia typically take the lead in setting global production goals. But President Trump, facing a re-election campaign, a plunging economy and American oil companies struggling with collapsing prices, took the unusual step of getting involved after the two countries entered a price war a month ago. Mr. Trump had made an agreement a key priority.
It was unclear, however, whether the cuts would be enough to bolster prices. Before the coronavirus crisis, 100 million barrels of oil each day fueled global commerce, but demand is down about 35 percent. While significant, the cuts agreed to on Sunday still fall far short of what is needed to bring oil production in line with demand.
The plan by OPEC, Russia and other allied producers in a group known as OPEC Plus will slash 9.7 million barrels a day in May and June, or close to 10 percent of the world’s output.

While the planned cut is slightly smaller than a tentative pact reached last Thursday, the deal should bring some relief to struggling economies in the Middle East and Africa and global oil companies, including American firms that directly and indirectly employ 10 million workers. Analysts expect oil prices, which soared above $100 a barrel only six years ago, to remain below $40 for the foreseeable future. The American oil benchmark price was just over $23 a barrel on Sunday night.
“This is at least a temporary relief for the energy industry and for the global economy,” said Per Magnus Nysveen, head of analysis for Rystad Energy, a Norwegian consultancy. “The industry is too big to be let to fail.”

The agreement reached on Sunday was the result of more than a week of telephone conversations involving Mr. Trump; the Saudi crown prince, Mohammed bin Salman; and President Vladimir V. Putin of Russia. Mr. Trump praised the deal, saying on Twitter that it “will save hundreds of thousands of energy jobs in the United States.”

Negotiations hit a snag when Mexico refused to go along with an agreement fashioned by Russia and Saudi Arabia, saying it would cut just 100,000 barrels a day and not 400,000. Saudi Arabia strongly resisted Mexico’s position, worrying that if Mexico could balk others would follow.

Mr. Trump supported President Andrés Manuel López Obrador, giving vague promises he would make up the difference, and helped coax the Saudis and Russians not to abandon the tentative agreement.
Daily business updates The latest coverage of business, markets and the economy, sent by email each weekday. Get it sent to your inbox.

It was not immediately clear if the Trump administration made a formal commitment to cut production in the United States, but with prices plummeting, many companies in the country have already reduced output. There is no international mechanism to strictly enforce such production agreements and cheating is common.
Big oil nations that are not members of OPEC Plus, like Canada, Brazil and Norway, along with the United States, have been cutting production. The Energy Department has said that American oil production will fall by at least two million barrels a day by the end of the year. Other analysts say the eventual cut could be three million barrels a day out of the 13.3 million barrels a day produced at the beginning of the year. President Trump has expressed interest in buying oil to fill the Strategic Petroleum Reserve to further reduce supplies.
The oil crisis began a month ago when Russia refused to go along with cuts promoted by Saudi Arabia and other OPEC producers. In response, Saudi Arabia said it would increase production by three million barrels a day and flood the market. Oil prices and global stock markets fell sharply on the news.

The Russian and Saudi reversal in the last few days was an acknowledgment that their gamble was causing self-inflicted economic wounds.
“There were miscalculations on both sides,” said Ben Cahill, a senior energy fellow at the Center for Strategic and International Studies. “The Russians miscalculated how sharp the Saudi response would be and they might have been taken aback by how deep the price drop was.”

The change in course should give a lifeline to American companies as they invest far less in exploration and production.
“Hopefully, the American oil industry has avoided a worst-case scenario,” said Amy Myers Jaffe, an energy and Middle East expert at the Council on Foreign Relations. “There still will be bankruptcies, but for the time being, the fears that there would be a wholesale destruction of the industry can now be put aside, because the worst of the price war has passed.”
It is possible oil prices will sink again in the coming days if traders are not satisfied with the new cuts. In fact, on Thursday, the last day that oil futures traded, the price fell sharply even though a deal was close.
“The agreement provides the expectation of stability,” Rene Ortiz, Ecuador’s energy minister and a former secretary general of OPEC, said in an interview on Sunday. “But whether the markets react accordingly is a different ballgame.”
With the pandemic crushing economies around the world, few buyers were available in recent weeks to buy the cheap Saudi crude. The kingdom stored some oil in Egypt and was forced to let unsold crude sit in tankers along its coasts.
The mounting glut became a threat to Saudi government finances. At a projected average price of $34 a barrel this year, Rystad Energy estimated the kingdom’s revenues would drop by 50 percent compared with 2019, a loss of $105 billion.
Saudi Arabia still has foreign reserves of $500 billion, but that has shrunk from $740 billion in 2013. Several years of depressed oil prices had already forced the kingdom to borrow money and reduce energy subsidies for citizens. Prince Mohammed is now counting on his reserves to help diversify the Saudi economy for the future.

Russia is in far better shape financially than Saudi Arabia, especially with a flexible exchange rate — as the ruble depreciates, the value of its exports rises. While it would also lose billions of dollars in revenues with the drop in oil prices, the government has a much lower fiscal deficit than Saudi Arabia and has $550 billion in foreign reserves.
But Russia has other liabilities. It has limited processing capacity and its refineries have insufficient storage facilities. European demand has collapsed, and while China is still buying oil, at bargain prices, its storage will be filled up in another month or so, leaving Russian crude stranded.
With thousands of Soviet-era oil and gas wells in western Siberia, Russia would have faced the prospect of shutting down and later turning back on wells that are costly to manage, and in the process might permanently limit the amount of oil recoverable in the future.
Uncertainties abound for the industry as the pandemic disrupts global economies.
Members of OPEC and their allies entered talks last week hoping that the United States, Canada and other Western producers would agree to explicit cuts, adding up to four million or five million barrels a day. Instead, American officials just made assurances that crude output would be reduced over time, on top of voluntary reductions that have already begun at some U.S. companies. The agreement announced on Sunday will taper into a 7.7-million-barrel-a-day cut from July to December and then to 5.8 million barrels a day from January 2021 to April 2022.

American oil companies are already eliminating thousands of jobs, plugging old wells and decommissioning rigs and fracking equipment in preparation for the worst downturn in more than a generation. While American consumers are saving at the gas pump, oil-producing states like Texas, Oklahoma and North Dakota are expecting deep losses in jobs and tax revenue.
Industry executives predict a wave of consolidation, in which small, indebted companies are either bought by larger ones or merge.

“There will be some companies that won’t survive,” said Trent Latshaw, president of Latshaw Drilling, an oil service company active in Texas and Oklahoma. “But the industry in general will survive and come out of this stronger. We will have to make hard decisions, innovate and we’ll become smarter because of this.”
The American industry was last shaken up in 2014, when Saudi Arabia and its OPEC allies flooded the market with oil in an effort to undercut American shale producers who were grabbing market share from them. Prices crashed and hundreds of American companies went out of business, and 170,000 jobs were lost. While American production briefly dropped, it quickly recovered and grew.
The coronavirus is a new and bigger challenge, and it was magnified last month when Russia and Saudi Arabia began their feud. Russian oil executives said they were tired of losing market share to American producers. Saudi Arabia retaliated by promising to pour more oil on the market, taking prices to roughly $20 a barrel for a time, less than half the level at the beginning of the year.
But a complete free fall of oil prices into the single digits — something not seen in two decades — appears to have been avoided. President Trump’s recent public lobbying of Russia and Saudi Arabia to lower production helped raise prices several dollars a barrel, allowing many American companies to limit their losses.
Energy experts acknowledged Mr. Trump’s role in the deal.
“President Trump, who spent the last three years criticizing OPEC, became the de facto president of the producer group,” said Helima Croft, head of global commodity strategy at RBC Capital Markets.

 

[Toddsterpatriot]

Says the guy that won't defend his position and resorts to calling people retard.
Nice chat tod.

What's your explanation for Trump's OPEC agreement?

 

[evenflow1969]

Neither Trump nor Biden had shit to do with the drought. If it is man made climate change then every swinging dick on the planet since industrialization had a part in it. The real question is where did the damn water go? It is not just the Mississippi. The shit did not just disappear. Either some lakes and rivers are higher or the shit is up in the atmosphere. Our government and Elon Musk have enough satellites to figure it out. So far Neither is speaking up. Maybe time one of the two give us some answers.

 

[Crick]

Neither Trump nor Biden had shit to do with the drought. If it is man made climate change then every swinging dick on the planet since industrialization had a part in it. The real question is where did the damn water go? It is not just the Mississippi. The shit did not just disappear. Either some lakes and rivers are higher or the shit is up in the atmosphere. Our government and Elon Musk have enough satellites to figure it out. So far Neither is speaking up. Maybe time one of the two give us some answers.

[Twilight-Zone ditty...] But your second sentence is spot on. I *think* the water is in the ocean and in other locations separate from the Mississippi River watershed. [Twilight Zone ditty...]

 

[evenflow1969]

[Twilight-Zone ditty...] But your second sentence is spot on. I *think* the water is in the ocean and in other locations separate from the Mississippi River watershed. [Twilight Zone ditty...]

For you and I guessing where it went is conjecture. Those with enough satellites know. I personally would like some answers.

 

[Crick]

For you and I guessing where it went is conjecture. Those with enough satellites know. I personally would like some answers.

What sort of satellites do you believe will show them where the water has gone? Musk's are all simple communication relays. I am unaware he has anything up there doing sensing work.

My wife tells me that Evenflow is (or was) a baby formula. Is that from where you've gotten your nickname?

 

[surada]

What sort of satellites do you believe will show them where the water has gone? Musk's are all simple communication relays. I am unaware he has anything up there doing sensing work.

My wife tells me that Evenflow is (or was) a baby formula. Is that from where you've gotten your nickname?

Can you see water vapor from a satellite?