Should US oil cpompanies who sell their oil outside of the US lose their subsidies?

[surada]

Gas injection will only work in certain formations and there's a hell of a lot of pump jacks working in SA.

I've never seen a pump jack in Arabia and I've been to all the oilfields and all over the country.

 

[Big Bend Texas]

Motiva is owned by the Saudis and they are fully staffed. None of the oil can be sold in the US or the Canadians lose the tax advantage and profits from the free trade zone.

Oil from Canada is both shipped directly out of the country and a limited amount refined in the US.

 

[Big Bend Texas]

I've never seen a pump jack in Arabia and I've been to all the oilfields and all over the country.

I have seen a lot of them and pictures of them are available all over the internet.

 

[surada]

Gas injection does not eliminate the need for pump jacks.

gas injection oil production at DuckDuckGo

DuckDuckGo. Privacy, Simplified.

duckduckgo.com

Fox news tells a lot of lies. Watch this.

 

[surada]

Oil from Canada is both shipped directly out of the country and a limited amount refined in the US.

Yeah and Canadian crude oil is not the same as Canadian tarsands.

 

[Big Bend Texas]

Fox news tells a lot of lies. Watch this.

That isn't from Fox News. You're now making a fool of yourself.

 

[surada]

 

[Big Bend Texas]

Yeah and Canadian crude oil is not the same as Canadian tarsands.

The pipeline runs to both refineries and to loading stations in the gulf for export.

 

[surada]

 

[Big Bend Texas]

You don't have to keep making a fool of yourself but alas, if past history is any indication you will.

Fact Check: The Keystone Pipeline Is NOT Closed And Is NOT Causing The Gas Shortage On The East Coast | Lead Stories

Is the Keystone Pipeline closed and is that causing a gas shortage? No, that's not true. The gas shortage on...

leadstories.com

A lot of the tar sands oil is refined in the Midwest.

 

[Markle]

surada no
Everyone knows what fungible means, but keystone XL isn't about that.

Leviticus, Candycorn, and apparently you do not. But, that is not surprising!

 

[Ray From Cleveland]

Horizontal drilling began in the 60's.

A Brief History Of Horizontal Directional Drilling | American Directional Boring

Horizontal directional drilling is considered to be the industry standard for highway bores. But HDD wasn't always the standard.

americandirectionalboring.com

Actually much earlier, but it wasn't perfected until the 2000's. Technology played the most important role, something we didn't really have until then.

First, the supply question: Oil prices spiked in the mid-2000s because global demand was rising in places like China, and conventional oil fields were struggling to keep pace. But then, as oil prices increased, companies suddenly found it profitable to use techniques like fracking and horizontal drilling to extract oil from shale formations in North Dakota and Texas. Since 2008, these companies have added about 4 million barrels per day of "tight oil" to the global market, a significant amount.

Low gas prices are great for Obama. Too bad he can't really take credit.

The price of oil is falling for reasons outside his control.

www.vox.com

 

[bripat9643]

They have been fracking in the middle east since the 1960s. Remember Bush's spectacular failure in Qatar? He wasn't an oil man.

You have no clue what modern fracking is. For one thing, previously they couldn't do horizontal drilling.

 

[bripat9643]

What drilling rig reaches 350 miles? The average for horizontal shafts is more like 10-15K feet.

No, they con do a mile horizontally.

 

[Big Bend Texas]

No, they con do a mile horizontally.

Not according to my reading, understanding, or what I've seen living in the oil patch.

U.S. crude oil and natural gas production in 2019 hit records with fewer rigs and wells

www.eia.gov

Several of those WIse County wells were on a ranch I owned so I made a point of learning about it.

 

[Big Bend Texas]

You have no clue what modern fracking is. For one thing, previously they couldn't do horizontal drilling.

Horizontal drilling was pioneered in the sixties and really started to come into it's own by the mid to late seventies.

A Brief History Of Horizontal Directional Drilling | American Directional Boring

Horizontal directional drilling is considered to be the industry standard for highway bores. But HDD wasn't always the standard.

americandirectionalboring.com

History of horizontal directional drilling

An outgrowth of oil well drilling technology, HDD has become the method of choice for river, road and various other types of crossings.

www.hartenergy.com

 

[surada]

You have no clue what modern fracking is. For one thing, previously they couldn't do horizontal drilling.

Lol . They've had modern fracking and directional drilling in Arabia for over 60 years.

 

[surada]

Horizontal drilling was pioneered in the sixties and really started to come into it's own by the mid to late seventies.

A Brief History Of Horizontal Directional Drilling | American Directional Boring

Horizontal directional drilling is considered to be the industry standard for highway bores. But HDD wasn't always the standard.

americandirectionalboring.com

History of horizontal directional drilling

An outgrowth of oil well drilling technology, HDD has become the method of choice for river, road and various other types of crossings.

www.hartenergy.com

ARAMCO was using both fracking and directional drilling by 1961.

 

[Big Bend Texas]

ARAMCO was using both fracking and directional drilling by 1961.

I've never seen any evidence of either being true.

 

[surada]

You don't have to keep making a fool of yourself but alas, if past history is any indication you will.

Fact Check: The Keystone Pipeline Is NOT Closed And Is NOT Causing The Gas Shortage On The East Coast | Lead Stories

Is the Keystone Pipeline closed and is that causing a gas shortage? No, that's not true. The gas shortage on...

leadstories.com

A lot of the tar sands oil is refined in the Midwest.

Yes it is refined in the Midwest. They pay $29 a barrel for it. I have explained it 50 times on this board.