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Yet oddly enough it was Trump himself that forced OPEC to cut production to help US oil company profits....weird.
thehill.com
Hahahaha. Awe Stinky, your insults are just so sweet. You make me laugh.And in this moron's post
Damn right. Considering the alternative was a power hunger anti Democracy criminal. You bet your ass I'd vote against that TrumpyPOS every time.'pleased as punch' that Biden is President.
So maybe that reduction should not have taken place?Perhaps it is due to the 15% reduction in production starting in early 2020.
Here is the data for the US...and it was not just the US that cut production.
View attachment 555005
We were shut down and working from home starting March 16th. Kids were out of school as well.Yes, 70ish mile round trip to work 4 to 5 days a week.
Trump says US will cut oil production to secure global deal
President Trump said Friday the U.S. would reduce its oil production to move forward with a tentative deal limiting global output, part of an effort by the administration to address …
So given that we are basically out of COVID would it not make sense to produce more immediately? Just asking for a friend....It's easier to cap a well than to reopen it
Turning Oil Wells Back on Is Trickier Than Shutting Them Off (1)
With thousands of oil wells choking back or completely shutting off production, companies already are looking ahead to what may prove to be an even bigger challenge: turning wells back on.news.bloomberglaw.com
May 8, 2020, 9:09 AM
"With thousands of oil wells choking back or completely shutting off production, companies already are looking ahead to what may prove to be an even bigger challenge: turning wells back on.
U.S. and Canadian oil producers are curbing as much as 4.5 million barrels of daily supplies, according to Plains All American Pipeline LP. In the U.S. alone, drillers have announced plans to halt more than 600,000 barrels of daily output this month and next, said Rystad Energy AS. Old-style, conventional wells were the first to go down and the closures are expanding to some of the horizontal gushers that represent shale drillers’ prize assets."
Imo it will take at least until the 2nd quarter next year for production to ramp back up to pre-covid levels.
Where you gonna store all the extra petroleum that nobody was using? Tankers were full Cushing storage was full. Where were you gonna store it?So maybe that reduction should not have taken place?
Ironic and idiotic considering who stole the presidency, speaking of power hungry and anti Democratic.Damn right. Considering the alternative was a power hunger anti Democracy criminal. You bet your ass I'd vote against that TrumpyPOS every time.
In the entire area of the US we had zero places to store oil? Interesting.Where you gonna store all the extra petroleum that nobody was using? Tankers were full Cushing storage was full. Where were you gonna store it?
Hahahaha. Awe Stinky, your insults are just so sweet. You make me laugh.
Damn right. Considering the alternative was a power hunger anti Democracy criminal. You bet your ass I'd vote against that TrumpyPOS every time.
The drop in US production of energy came under the Trumpybears last year in office.At the mercy of OPEC just like in the days of Jimmy Carter. When we were energy independent under
Donald Trump the left stole the election and put us back under the control of others.
They were full of oil.In the entire area of the US we had zero places to store oil? Interesting.
The Neo-GOP wins the silly Meme wars.
OK so why not use the oil we have now so we pay less and then replenish it by reopening the pipelines? Win/Win?They were full of oil.
"How Trump will force the domestic oil production cut is also unclear.
U.S. antitrust law prohibits oil companies from coordinating their production, and there is no direct mechanism for the government to dictate production levels to private oil companies."
Post #121.The drop in US production of energy came under the Trumpybears last year in office.
Didn't the Trumpyberra beg the Saudis to increase production during his term as well? Mercy!
It isnt that simple. Oil Market Report - October 2021 – Analysis - IEAOK so why not use the oil we have now so we pay less and then replenish it by reopening the pipelines? Win/Win?
The drop in US production of energy came under the Trumpybears last year in office.
Didn't the Trumpyberra beg the Saudis to increase production during his term as well? Mercy!
Why? You said our reserves were full and we had no place to store more oil. Your link doesn't discuss US oil reserves.It isnt that simple. Oil Market Report - October 2021 – Analysis - IEA
