Lets examine a graph of oil price per barrel over the past 12 months

[watchingfromafar]

The oil companies can make even more while the price is high by slow walking new production and not incurring those costs.

The truth will set you free
World Oil Reserves
1,650,585,140,000 barrels
47 years of oil left
(at current consumption levels)
World Oil Statistics - Worldometer (worldometers.info)
-

 

[marvin martian]

another broken promise by Biden.

Yet you voted for him, and spend your day here supporting him.

 

[bendog]

U.S. Crude Oil and Natural Gas Rotary Rigs in Operation (Number of Elements)

2017	683	744	789	853	893	931	953	947	940	922	911	930
2018	937	969	989	1,011	1,046	1,056	1,050	1,050	1,053	1,063	1,077	1,077
2019	1,065	1,048	1,023	1,013	986	970	955	926	878	848	810	804
2020	791	790	771	565	348	274	255	250	257	280	311	341
2021	374	397	408	436	453	464	483	501	508	538	569	579
2022	601

U.S. Crude Oil and Natural Gas Rotary Rigs in Operation (Number of Elements)

Of course when the Pandemic hit, production was reduced, but the numbers leading up to that don't lie.

But the number of rigs in operation don't tell the tale. (-: Producers went bankrupt in the crash, and people aren't ready to take risk again.

2020: The Year Of The Oil Bankruptcies | OilPrice.com

Low crude prices have left the U.S. oil industry has been teetering on the edge, and even more bankruptcies are on the horizon in 2020

oilprice.com

And can you refute that Biden offered more leases than Trump? A Judge may have invalidated them, but still ....

For me, focusing on which president is more "pro energy" is really a waste of time, but it was the Trump supporters who started it.

 

[Hutch Starskey]

No you didn't, you used my post to argue with yourself.
seek help

Stumped , huh?

 

[marvin martian]

The truth will set you free
World Oil Reserves
1,650,585,140,000 barrels
47 years of oil left
(at current consumption levels)
World Oil Statistics - Worldometer (worldometers.info)
-

I'm old enough to remember the left's hysteria du jour, before climate change, was "peak oil", when the world was supposed to run out of oil sometime in the late 1990s.

 

[watchingfromafar]

What a racist retarded coward you are liar. You have no facts.

When you are thinking about yourself being a retard, out loud, it is best not to post on a public forum about yourself.
Just friendly advice

-

 

[Missouri_Mike]

In a couple years

We’d be a year closer if retard hadn’t stopped it. And the prices would be taking that into account for futures. The stupidity of the left is claiming something is two years out while stopping any progress. If it wasn’t for idiots like obie and bidumb the fucking thing would have been done 5 years ago.

 

[watchingfromafar]

I'm old enough to remember the left's hysteria du jour, before climate change, was "peak oil", when the world was supposed to run out of oil sometime in the late 1990s.

Some people never learn.,,.,.., all you have to do is some research and walla, the truth is before you------
PEAK OIL
Oil production forecasts on which predictions of peak oil are based are sometimes made within a range which includes optimistic (higher production) and pessimistic (lower production) scenarios. A 2013 study concluded that peak oil “appears probable before 2030,” and that there was a “significant risk” that it would occur before 2020, and assumed that major investments in alternatives will occur before a crisis, without requiring major changes in the lifestyle of heavily oil-consuming nations. Pessimistic predictions of future oil production made after 2007 state either that the peak has already occurred that oil production is on the cusp of the peak, or that it will occur soon.
Peak oil - Wikipedia
-

 

[watchingfromafar]

If it wasn’t for idiots like obie and bidumb the fucking thing would have been done 5 years ago.

I agree, Trump is a pathological liar that can convince the stupid to be even more stupid than dump.

-

 

[marvin martian]

Some people never learn.,,.,.., all you have to do is some research and walla, the truth is before you------
PEAK OIL
Oil production forecasts on which predictions of peak oil are based are sometimes made within a range which includes optimistic (higher production) and pessimistic (lower production) scenarios. A 2013 study concluded that peak oil “appears probable before 2030,” and that there was a “significant risk” that it would occur before 2020, and assumed that major investments in alternatives will occur before a crisis, without requiring major changes in the lifestyle of heavily oil-consuming nations. Pessimistic predictions of future oil production made after 2007 state either that the peak has already occurred that oil production is on the cusp of the peak, or that it will occur soon.
Peak oil - Wikipedia
-

Yes, they kept changing the peak oil date, just like they do with climate change. Thanks for reminding me. Remember when Florida would be under water in the year 2000? Remember when the last snow evah would fall in Europe in 2005? Remember when we had TEN YEARS to save the world in 2010? LOL

 

[watchingfromafar]

Yes, they kept changing the peak oil date, just like they do with climate change. Thanks for reminding me. Remember when Florida would be under water in the year 2000? Remember when the last snow evah would fall in Europe in 2005? Remember when we had TEN YEARS to save the world in 2010? LOL

No I do not remember that. Did this comer to you in a dream?
-

 

[22lcidw]

I agree, Trump is a pathological liar that can convince the stupid to be even more stupid than dump.

-

I enjoy trying to survive with your pronunciations and just being stupid living at near half the price before. We will watch your families and children die the worse deaths. But you will do that to yourselves before you flee to fly over country if it comes quickly.

 

[marvin martian]

No I do not remember that. Did this comer to you in a dream?
-

Yes, a lot of you scammers are trying to run from it now. But we remember.

 

[Harpy Eagle]

And?
Trump had a boatload more running.
If Brandon was serious, he would have kept ANWR alive, no?

Not when he left office he did not. You all keep pretending like 2020 never took place.

They cannot be turned off with just a switch.

Labor is also now a limiting factor for how many can be up and running

 

[LAUGHatLEFTISTS]

Gee, you almost sound like you know what you are talking about. Not.

I know very well how the futures markets work. In fact, my next post was going to be about that.

Idiot.

Can’t wait to hear your gibberish concerning the futures market.

 

[LAUGHatLEFTISTS]

Biden is more "drill, baby, drill" than Trump was.

Hahahahhahahahaaha. Dumbest post ever.

 

[LAUGHatLEFTISTS]

Wow, a 61% increase in the number of rigs running since Jan of 2021.

That is pretty awesome, no?

What’s 60% of two?

 

[imawhosure]

And yet Biden approved more public land leases than Trump.

And yet Biden produced 31 percent more oil compared to Trump's 21 percent.

Why does Trump hate America?

I'm sorry reality triggers you.

Lol, yeah, and if he can pull another 8% rise of production, he can match what the Trump administration managed to produce in 2019 when we need more oil than we do now. Not to mention, if he can figure out a way to cut fuel by 45%, he can get back to where Trump had it in 19, when we actually need more fuel than we do today, lol.

Why does Biden hate America so much? He doesn't! He, you, and your friends want to make America run on WINDMILLS again, lol. Ask Texas how that works out, hehehehehehe, you phony piece of Leftist poo-poo.

 

[LAUGHatLEFTISTS]

And yet Biden produced 31 percent more oil in his first year compared to Trump's 21 percent.

Don't the facts just suck?

Why does Trump hate America?

Post the number for Trumps second and third years.

 

[BluesLegend]

Biden and Dems are running away from their war on oil as fast as their fake news spin can take them. Why not grow a pair Dems and own it? Go ahead tell Americans now how they should suffer sky high gas prices because climate change. No?