Shale Giants Swear They Won't Drill More, Even At $200 Barrel

[JGalt]

US oil production doubled during the Obama presidency.

US oil production doubled in spite of Obama's energy policies. It was private industry who was responsible for technological advances, such as fracking and horizontal drilling. Not the government. And most of that was being done on privately-owned land. Even the the federal government’s Energy Information Administration acknowledged that.

That narcissistic sonofabitch tried to take credit for it too. But to paraphrase his own words, "He didn't build that. Someone else made that happen."

 

[surada]

Fuck you

Fracking has been in common use by Aramco for more than than sixty years. Most US wells produce less than fifty barrels a day so they really can't afford fracking or gas injection.

 

[surada]

US oil production doubled in spite of Obama's energy policies. It was private industry who was responsible for technological advances, such as fracking and horizontal drilling. Not the government. And most of that was being done on privately-owned land. Even the the federal government’s Energy Information Administration acknowledged that.

That narcissistic sonofabitch tried to take credit for it too. But to paraphrase his own words, "He didn't build that. Someone else made that happen."

What? The US government has nothing to do with oil production. Fracking has been used routinely for 60 years in the Middle East. Most US wells are too small to invest in fracking. Aramco has been horizontal drilling since I was in grade school.

 

[Mac-7]

Fracking has been in common use by Aramco for more than than sixty years. Most US wells produce less than fifty barrels a day so they really can't afford fracking or gas injection.

Independent Petroleum Association of America | Hydraulic Fracturing

www.ipaa.org

From 2007 to 2016, annual U.S. oil production increased 75 percent, while natural gas production increased 39 percent, thanks to the advancements in horizontal drilling and fracking technology.

 

[surada]

Independent Petroleum Association of America | Hydraulic Fracturing

www.ipaa.org

From 2007 to 2016, annual U.S. oil production increased 75 percent, while natural gas production increased 39 percent, thanks to the advancements in horizontal drilling and fracking technology.

In the US. KSA has been directional drilling in real time 300 miles away since 2000.

 

[JGalt]

You idiot. The Saudis have used fracking since the 1950s. The ppb was too low during Bush's presidency. No one would invest in production.
.

You are wrong. The Saudis never had much luck with fracking. They had to contract Halliburton to teach them how in 2018.

Saudi Arabia turns to Halliburton for its fracking needs

 

[JGalt]

Fuck you

She's a liar.

 

[surada]

You are wrong. The Saudis never had much luck with fracking. They had to contract Halliburton to teach them how in 2018.

Saudi Arabia turns to Halliburton for its fracking needs

Yeah, haliburton has been working in Arabia since the1950s

 

[surada]

She's a liar.

Aramco does directional drilling in Shaybah from Dhahran. Why do you think the US has the highest lift costs in the world?

 

[JGalt]

What? The US government has nothing to do with oil production. Fracking has been used routinely for 60 years in the Middle East. Most US wells are too small to invest in fracking. Aramco has been horizontal drilling since I was in grade school.

Wrong again. Fracking has not been used for 60 years in the Middle East. It was invented here in the US, back in the 40's. Most Middle Eastern countries were opposed to it.

Fracking in the Middle East and Africa - Africa M.E.

 

[JGalt]

Yeah, haliburton has been working in Arabia since the1950s

Read the article, dipshit. Saudi Arabia partnered with Houston-based Halliburton in 2018 to obtain the technology to frack.

 

[surada]

Fracking isn't j

Wrong again. Fracking has not been used for 60 years in the Middle East. It was invented here in the US, back in the 40's. Most Middle Eastern countries were opposed to it.

Fracking in the Middle East and Africa - Africa M.E.

This is about shale oil. Aramco has been fracking conventional wells since the 1950s.
.

 

[skews13]

US oil production doubled in spite of Obama's energy policies. It was private industry who was responsible for technological advances, such as fracking and horizontal drilling. Not the government. And most of that was being done on privately-owned land. Even the the federal government’s Energy Information Administration acknowledged that.

That narcissistic sonofabitch tried to take credit for it too. But to paraphrase his own words, "He didn't build that. Someone else made that happen."

Oil production doubled because of Obamas energy policies. The world economy recovered from another Republican disaster because of Obama's energy policies. The recovery would have been double but for failed Republican policy, and purposeful Republican obstruction.

Anything a Republican touches fails. Energy policy, or anyother policy.

This thread is about the clear threat from the oil industry to keep oil and gas prices where they are, which has nothing to do with Bidens energy policy, and zero to do with inflation.

The price of gas rests solely with the oil companies, and only with the oil companies, and you can bet your ass, that we will be making damn sure that the American people know who is responsible for the gas prices.

 

[surada]

Read the article, dipshit. Saudi Arabia partnered with Houston-based Halliburton in 2018 to obtain the technology to frack.

Haliburton has been in KSA since 1946. Do you know what oil services companies do?

 

[surada]

Oil production doubled because of Obamas energy policies. The world economy recovered from another Republican disaster because of Obama's energy policies. The recovery would have been double but for failed Republican policy, and purposeful Republican obstruction.

Anything a Republican touches fails. Energy policy, or anyother policy.

This thread is about the clear threat from the oil industry to keep oil and gas prices where they are, which has nothing to do with Bidens energy policy, and zero to do with inflation.

The price of gas rests solely with the oil companies, and only with the oil companies, and you can bet your ass, that we will be making damn sure that the American people know who is responsible for the gas prices.

Maybe they are tired of boom and bust cycles. Gasoline is still a bargain.https://www.in2013dollars.com/Gasoline-(all-types)/price-inflation/1960

 

[JGalt]

Fracking has been in common use by Aramco for more than than sixty years. Most US wells produce less than fifty barrels a day so they really can't afford fracking or gas injection.

Hardly 60 years. And they got nowhere near the output American frackers did.

"Aramco began using horizontal drilling in the Berri field in 1991, and Shaybah, developed in the mid-1990s, was the Kingdom’s first oil field to use horizontal and multilateral wells exclusively."

Aramco Hydrocarbon Journey Drilling

 

[JGalt]

Haliburton has been in KSA since 1946. Do you know what oil services companies do?

Of course they have. But the Saudis sucked at shale oil fracking. They know how to fly passenger aircraft into NYC buildings and kill thousands of Americans, but they can't seem to figure out how to frack. That's why they contracted Halliburton to show them how in 2018.

https://www.oilandgasmiddleeast.com...nging-the-shale-revolution-to-the-middle-east

 

[Synthaholic]

Fuck you

Well, you do say a lot of stupid shit.

 

[Mac-7]

Well, you do say a lot of stupid shit.

Sez a member of the lib stupid club

 

[okfine]

Awww, are you saying the Oil Industry doesn’t pay enough to it employees?

Please prove that stupidity!

Ever work in the patch? What do you know about what they pay now?