Nigeria/Opec Cut Oil Production

[Lesh]

I want you people driven so far out of office you'll never be heard from again.

I'll pay 10 bucks a gallon easy.Hell make it 20

You fuckers really are "Deplorable' huh...

 

[pknopp]

We have the infrastructure to refine the final product. There are border laws and there are environmentalists who have been empowered enough in successfully limiting refineries.

If Canada doesn't want refineries that is their business.

 

[surada]

There are no shortages.

Lol... you still think you're an expert in the oil business.

 

[pknopp]

When oil flow is stopped or reduced the price goes up. Even the threat of it affects the price. Those pipelines need the oil flowing. And that keeps the price down.

When oil hit near $150 we had a glut of oil.

 

[pknopp]

Lol... you still think you're an expert in the oil business.

Not at all. Just stating basic ideas that doesn't take an expert.

 

[Hang on Sloopy]

You fuckers really are "Deplorable' huh...

If that means saving the country, I'll take being deplorable

You guys are the despicables Dr Lesh

 

[Lesh]

If that means saving the country, I'll take being deplorable

You guys are the despicables Dr Lesh

LOL...Burn the village to save it huh

 

[Meathead]

Nigeria’s Oil Production Dips by 56.5m Barrels in Six Months

Nigeria’s crude oil production dipped by a cumulative 56.559 million barrels in the first six months of 2021 compared with the quantity pumped during the same period last year, documents from…

www.arise.tv

THIS is why gas prices are going up

Let's Go Brandon!

 

[Uncensored2008]

The US is producing 16% MORE oil now than when Joe took office

Those damn inconvenient facts huh?

ROFL

"Facts"

U.S. oil and natural gas production to fall in 2021, then rise in 2022 - U.S. Energy Information Administration (EIA)

www.eia.gov

Oops, guess you're just a fucking liar, Nazi.

 

[Lesh]

What is US oil production today?


The current level of U.S. crude oil production as of February 2022 is 11,600.00 thousand barrels per day.

 

[Lesh]

ROFL

"Facts"

View attachment 610398

U.S. oil and natural gas production to fall in 2021, then rise in 2022 - U.S. Energy Information Administration (EIA)

www.eia.gov

Oops, guess you're just a fucking liar, Nazi.

Hey shitferbrains Nazi...your chart shows oil production UP since Biden took office

 

[toobfreak]

THIS is why gas prices are going up

STOOGE

 

[Uncensored2008]

Hey shitferbrains Nazi...your chart shows oil production UP since Biden took office

Hey stupid - it shows production DRAMATICALLY DOWN from 2020.

 

[pknopp]

Hey stupid - it shows production DRAMATICALLY DOWN from 2020.

The worlds economy shut down. There was a glut, prices cratered. Economy started back up and it takes time to ramp back up. There are NO shortages. The markets understand there are NO shortages. There is no real, actual, fundamental justification for the massive swings in oil prices.

Once again it's like OPEC has noted in the past, the markets are irrational. We want to blame everyone but the markets.

 

[Uncensored2008]

The worlds economy shut down. There was a glut, prices cratered. Economy started back up and it takes time to ramp back up. There are NO shortages. The markets understand there are NO shortages. There is no real, actual, fundamental justification for the massive swings in oil prices.

Once again it's like OPEC has noted in the past, the markets are irrational. We want to blame everyone but the markets.

Yep, and then Biden shut down 11,000 WORKING oil wells while Bandcamp PSnarky bleats "buh dey gotz 9,000 new leeses"

It takes years to develop a lease, if they can ever be developed. Biden declared war on domestic energy on behalf of his owners - Iran and Russia.

 

[martybegan]

The worlds economy shut down. There was a glut, prices cratered. Economy started back up and it takes time to ramp back up. There are NO shortages. The markets understand there are NO shortages. There is no real, actual, fundamental justification for the massive swings in oil prices.

Once again it's like OPEC has noted in the past, the markets are irrational. We want to blame everyone but the markets.

The markets respond to the actions of governments, and Biden's government doesn't sell leases, makes regulations tougher, removes existing permits for oil/gas infrastructure, and basically makes the market more hostile for producers and refiners.

You can't signal your intent to make the industry more expensive and difficult and then wonder why prices are going up.

 

[pknopp]

Yep, and then Biden shut down 11,000 WORKING oil wells while Bandcamp PSnarky bleats "buh dey gotz 9,000 new leeses"

It takes years to develop a lease, if they can ever be developed. Biden declared war on domestic energy on behalf of his owners - Iran and Russia.

There are no shortages.

 

[pknopp]

The markets respond to the actions of governments, and Biden's government doesn't sell leases, makes regulations tougher, removes existing permits for oil/gas infrastructure, and basically makes the market more hostile for producers and refiners.

You can't signal your intent to make the industry more expensive and difficult and then wonder why prices are going up.

There is no justification for the wild swings. Some market movement? OK. For the wild swings? No. None. Will a presidents actions affect some fundamentals? A bit. There are none that would explain the wild swings. It's the markets that are broke. They do a great harm to the country.

 

[martybegan]

There is no justification for the wild swings. Some market movement? OK. For the wild swings? No. None. Will a presidents actions affect some fundamentals? A bit. There are none that would explain the wild swings. It's the markets that are broke. They do a great harm to the country.

And replace them with what? A government controlled system?

lol.

 

[martybegan]

There are no shortages.

There is less supply, and increasing demand, thus resulting in higher prices.

There is uncertainty in production areas, coupled with less safe production, i.e. US production, thus resulting in higher futures prices.

You are the only one trying to make this about shortages, when everyone else is talking about the cost per barrel. It just shows you don't have an actual point to make, and are now flailing.