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It's not the amount of reserves that is important it's how much it cost to recovery those reserves. In Saudi Araba the average cost of oil recovery is $5.40/barrel. Add refining cost of $7 a barrel and the Saudis are making money when oil is $20/barrel. In the US, oil companies go bankrupt at that price per barrel.That's just a lie, we have greater reserves than they do. And much greater reserves of natural gas. We could easily offset their attempts to manipulate the market.
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The Colorado refinery is 90 years old and exceeds pollution limits. Didn't you read it?
It's not the amount of reserves that is important it's how much it cost to recovery those reserves. In Saudi Araba the average cost of oil recovery is $5.40/barrel. Add refining cost of $7 a barrel and the Saudis are making money when oil is $20/barrel. In the US, oil companies go bankrupt at that price per barrel.
No, 2018.Nope. Your numbers are from 1970.
No, 2018.
OPEC members generally face much lower costs of production than other producers. In Saudi Arabia and Kuwait, production costs per barrel rarely exceeded $10 per barrel throughout the study period, and median costs were $5.40 a barrel.
A President can’t tell any company or industry what to do but a President can push policies that are regulatory and can do so at an egregious level that hinders or limits a company or industry economically. That is what this President has done to the US Energy sector.The president can't tell the oil companies what to do. They opted to return profits to stockholders at first.
A President can’t tell any company or industry what to do but a President can push policies that are regulatory and can do so at an egregious level that hinders or limits a company or industry economically. That is what this President has done to the US Energy sector.
Hmmm. Saudi Arabia and OPEC did indeed give your boy Xiden the middle finger and tell him to pound sand with his begging for increased production to counter his idiocy. Gas prices already rising again. So you have accurately described yourself as a joke.What a joke.
A President can’t tell any company or industry what to do but a President can push policies that are regulatory and can do so at an egregious level that hinders or limits a company or industry economically. That is what this President has done to the US Energy sector.
Hey dumbfuck, it was your ass pal Xiden who went begging the Saudis for more oil and got shipped out of the country with ZERO results. Your pathetic attempts to deflect and lie about Trump just marks you as dumber than you sound.Trump is a Saudi asseater & owned by them, so of course you MAGATards follow suit.
Way to go, halfwit.
You think Biden WANTED to go to S.A. & make that request, you asswipe? He did it in an attempt to get S.A. to act thereby lowering energy costs for the American people including Trum'ps asseating retards like you.Hey dumbfuck, it was your ass pal Xiden who went begging the Saudis for more oil and got shipped out of the country with ZERO results. Your pathetic attempts to deflect and lie about Trump just marks you as dumber than you sound.
How much Saudi ass did Trump eat for that $2 billion his crime family received a couple months back, halfwit?Sippy Cup ate Saudi ass recently, and gotz nothing, zero, zilch, nada!!
He's not my boy, and your inability to notice when the govt. controls the oil market only proves your novice status.Hmmm. Saudi Arabia and OPEC did indeed give your boy Xiden the middle finger and tell him to pound sand with his begging for increased production to counter his idiocy. Gas prices already rising again. So you have accurately described yourself as a joke.
Deep tongue action was imposed.How much Saudi ass did Trump eat for that $2 billion his crime family received a couple months back, halfwit?
Sippy Cup ate Saudi ass recently, and gotz nothing, zero, zilch, nada!!
Spoken like a true man with common sense. The Saudi's and Opec+ have given the Usurper the finger on the international stage. The Minister is basically saying if Biden had left Trump's domestic Oil and Gas policies in place instead of knee jerk reversing them by executive order on inauguration day, we'd be enjoying cheap gas by the gallon today and our strategic oil reserves would have not had to have been opened. Again, common sense!
Top Saudi official says it's BIDEN'S fault US gas prices are high
Adel al-Jubeir, Saudi Arabia's Minister of State, spoke to Fox News Friday and said it's Washington's fault for not increasing domestic production.www.dailymail.co.uk
Biden's and the left's CONSTANT anti-fossil fuel rhetoric is why the world is dealing with the highest prices in history!
Oil producers know that they only have a limited time now to sell their product on a large scale. Naturally they are going to maximize their profits in the time they have left.
It's disgusting that Biden has put America into this position where we go groveling to these criminals in Saudi Arabia.
Spoken like a true man with common sense. The Saudi's and Opec+ have given the Usurper the finger on the international stage. The Minister is basically saying if Biden had left Trump's domestic Oil and Gas policies in place instead of knee jerk reversing them by executive order on inauguration day, we'd be enjoying cheap gas by the gallon today and our strategic oil reserves would have not had to have been opened. Again, common sense!
Top Saudi official says it's BIDEN'S fault US gas prices are high
Adel al-Jubeir, Saudi Arabia's Minister of State, spoke to Fox News Friday and said it's Washington's fault for not increasing domestic production.
I know if Biden went back to Trump's energy policies, the gas prices would plummet.You know absolutely nothing about the oil business.
Liberalism is a lie, and you cannot dispute it.That is such as big lie. You are the one who is disgusting.
