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Pimpadeaux

Ukraine - Doomsday

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3 minutes ago, Pimpadeaux said:

You know more about this kind of stuff than anyone here, I imagine. 

From what I understand, Canadian tar sands already are flowing through pipelines to refineries in Houston, and tar sands are not the favorite thing for refineries to refine. The Keystone would have been a complementary pipeline to bring in more tar sands, and the refined tar sands would have been a foreign export. 

So other than the speculative/mental aspect of not having an extra pipeline, how would the Keystone actually lower pump prices? And how much less cost-effective is it to transport the oil via railroad or truck? Would we be putting people (truckers, etc.) out of work if that Keystone is built?

I've never had a problem with the pipeline or pipelines in general. There are so many of them, what's one more? 

Look at all these focking pipelines. 😂

https://submar.com/where-are-pipelines-located-almost-everywhere/

Yeah I don't care about pipelines per se...But there are plenty of them. Lots of the Keystone pipeline is built. And really if the TC people wanted it they could have just changed the one little part that went through the trouble area in Nebraska- which was one of the biggest trouble points. If the pipeline is so fundamental why couldn't they hire some firm to draw up a little go around and complete everything.

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41 minutes ago, MTSkiBum said:

 

We are drilling. The number of drilling rigs is up 61% year over year. we are also producing a near record amount of domestic oil. It is not enough though.

https://rigcount.bakerhughes.com/

 

In my opinion this is the one thing that Biden is getting blamed for that he should not be. Ukraine fine, Afghanistan fine, terrible bills that failed congress fine, screwing up the FCC fine, calling for an end to remote work, focking roast that bastard.

But the oil prices and domestic production would have happened the same way regardless of who was potus.

EIA. Org says different. We are producing 1.5 million barrels a day less than in December of 2019, pre Covid. 

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30 minutes ago, Pimpadeaux said:

Well, you think the Strategic Reserve solely is for military purposes and that Biden went to Venezuela, so anything having to do with "decently high amount of knowledge" doesn't apply to you, Voltaire Astaire*.

 

 

 

*Commie nitwit.

At least three people on this page (edit: oops, slow typing, last page) took the time to explain to you what "Biden* went to Venezuela" means. Yet you continue anyway.

You aren't aware that for everybody that reads this, that isn't you, it reinforces their conclusion that you are a retard.

Yes, Rusty. Everyone in the Geek Club thinks Biden* went to Venezuela but only Rusty knows that the real truth is that he didn't. Good Job Rusty.

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Also, important to note....ExxonMobil and Chevron announced yesterday that they are going to boost production at their Basin fields in West Texas and New Mexico. They did say that wouldn't help overnight...but it will all hit in a few months where it will look like the other party did it. 

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5 minutes ago, Hardcore troubadour said:

EIA. Org says different. We are producing 1.5 million barrels a day less than in December of 2019, pre Covid. 

Eia.org? Haha

Also, gee- I wonder why oil companies in the US would've produced less barrels in 2020 and 2021.....almost as if supply and demand affected the market...

Keep going son....You''ll get it eventually

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5 minutes ago, Sean Mooney said:

Eia.org? Haha

Also, gee- I wonder why oil companies in the US would've produced less barrels in 2020 and 2021.....almost as if supply and demand affected the market...

Keep going son....You''ll get it eventually

His point is that considering the circumstances, we should at a minimum expect domestic production to at least match the amount of oil as was being produced before Coronavirus- Doomsday, if not greatly exceed it. Instead, non-emergency, ordinary time America exceeded the production of present day America.

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1 hour ago, Baker Boy said:

Exactly, you are picking at straws. The Biden Administration sent a delegation to Venezuela. It doesn’t matter if Biden was there, he is useless anyway. We are also ready to give Iran a new new deal to get oil from them. The bottom line is the Biden Administration is negotiating with with these countries rather than increased production here.

I'm all for ramping up production here and becoming energy independent.

Politics makes strange bedfellows, though, and it's interesting that we're showing Russia that we're in talks with two of the only friends it has left in the world.

On the surface, the idea of importing from Iran and Venezuela instead of relying on our own is disgusting.

But we're in a propaganda war with Russia, and the Biden administration made the choice to go public with Iran and Venezuela.

This is old-school Cold War stuff, and it'll be interesting to see how it plays out.

I'll troll the surface stuff here,  but beyond that I'm not going to knee-jerk judge based on who is making the decisions. The geo-political climate today warrants a deeper dive.

 

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3 minutes ago, Pimpadeaux said:

You know more about this kind of stuff than anyone here, I imagine. 

From what I understand, Canadian tar sands already are flowing through pipelines to refineries in Houston, and tar sands are not the favorite thing for refineries to refine. The Keystone would have been a complementary pipeline to bring in more tar sands, and the refined tar sands would have been a foreign export. 

So other than the speculative/mental aspect of not having an extra pipeline, how would the Keystone actually lower pump prices? And how much less cost-effective is it to transport the oil via railroad or truck? Would we be putting people (truckers, etc.) out of work if that Keystone is built?

I've never had a problem with the pipeline or pipelines in general. There are so many of them, what's one more? 

Look at all these focking pipelines. 😂

https://submar.com/where-are-pipelines-located-almost-everywhere/

It is extremely hard to say how much XL would impact gasoline prices if at all.  The biggest reason for XL is it provides the US with more energy security.  As Europe is finding out, where you get your energy matters.  More oil from Canada and less from Saudi, Iraq, etc. makes our supply more stable.

The costs vary but typically it is $4-5 to move a barrel via pipeline.  Rail is $10-12 and truck is $20 plus.  One of the big variables for rail and trucks is fuel costs.  Right now it is probably $15-$18 for rail and $25+ for trucks.  Very little oil is moved by trucks so I do not believe we would be putting truckers out of business.  On the rail side, shipping less oil via rail would lower rail prices for farmers and others that transport products primarily by rail. 

Gulf coast refiners primarily refine "heavy" crude.  Tar sand oil is a heavy crude.  All of the oil we use to get from Venezuela was also tar sand oil.  The oil we get from Mexico is also heavy oil.

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14 minutes ago, Sean Mooney said:

 

 

17 minutes ago, Sean Mooney said:

It's also important to note that the oil companies could lower prices and still make a killing. Last year the top 24 gas/oil companies made 174 billion dollars in net income.

 

 

We went through this already American oil companies do not control the price of oil.

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7 minutes ago, Sean Mooney said:

Also, important to note....ExxonMobil and Chevron announced yesterday that they are going to boost production at their Basin fields in West Texas and New Mexico. They did say that wouldn't help overnight...but it will all hit in a few months where it will look like the other party did it. 

In the meantime, Biden could take some steps:

https://www.wrtv.com/news/national-politics/how-high-will-gas-prices-go-a-look-at-if-the-spikes-in-prices-can-be-stopped

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1 minute ago, Bert said:

It is extremely hard to say how much XL would impact gasoline prices if at all.  The biggest reason for XL is it provides the US with more energy security.  As Europe is finding out, where you get your energy matters.  More oil from Canada and less from Saudi, Iraq, etc. makes our supply more stable.

The costs vary but typically it is $4-5 to move a barrel via pipeline.  Rail is $10-12 and truck is $20 plus.  One of the big variables for rail and trucks is fuel costs.  Right now it is probably $15-$18 for rail and $25+ for trucks.  Very little oil is moved by trucks so I do not believe we would be putting truckers out of business.  On the rail side, shipping less oil via rail would lower rail prices for farmers and others that transport products primarily by rail. 

Gulf coast refiners primarily refine "heavy" crude.  Tar sand oil is a heavy crude.  All of the oil we use to get from Venezuela was also tar sand oil.  The oil we get from Mexico is also heavy oil.

Are tar sands refined into gasoline, or is it used more for the eleventy billion other oil-based products out there?

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8 minutes ago, Sean Mooney said:

Eia.org? Haha

Also, gee- I wonder why oil companies in the US would've produced less barrels in 2020 and 2021.....almost as if supply and demand affected the market...

Keep going son....You''ll get it eventually

.gov. Read it and shut it 

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Gotta love Psaki and her assclowns that parrot her. “Ask the oil companies”. How about asking the banks too? 

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2 minutes ago, Pimpadeaux said:

Are tar sands refined into gasoline, or is it used more for the eleventy billion other oil-based products out there?

Yes and the eleventy billion other products.

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13 minutes ago, Hardcore troubadour said:

EIA. Org says different. We are producing 1.5 million barrels a day less than in December of 2019, pre Covid. 

Yes your post is true and it is my fault for the confusion. I should have clarified my post more.

We are currently forecasted to produce 12 million bbls per day this year on average and the 2019 average was 12.3 million bbls per day. We are barely off the pace of the current record setting year.

 

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5 minutes ago, MTSkiBum said:

Yes your post is true and it is my fault for the confusion. I should have clarified my post more.

We are currently forecasted to produce 12 million bbls per day this year on average and the 2019 average was 12.3 million bbls per day. We are barely off the pace of the current record setting year.

 

Forecasted. How long out is that? Becisse today, after Biden declared war on fossil fuels, and the banks stopped funding them, we are down 1.5 million per day. 

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12 minutes ago, Baker Boy said:

 

We went through this already American oil companies do not control the price of oil.

They control their profit margins...

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We’re down 1.5 million and as of last week we were importing 670k from Russia. We could have turned them off last year when he started his move on Ukraine. 670k is about 14 pct of Russias export. If it’s a good idea today, why wasn’t it a good idea last year? Or in December when Biden was warning us? I know. Because we cut our production and needed their oil.  

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8 minutes ago, Hardcore troubadour said:

Gotta love Psaki and her assclowns that parrot her. “Ask the oil companies”. How about asking the banks too? 

Nobody did that here

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And if it’s all about forecasting, the oil companies couldn’t see the demand rising as we came out of Covid? They sure did.  

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18 minutes ago, Pimpadeaux said:

I'm all for ramping up production here and becoming energy independent.

Politics makes strange bedfellows, though, and it's interesting that we're showing Russia that we're in talks with two of the only friends it has left in the world.

On the surface, the idea of importing from Iran and Venezuela instead of relying on our own is disgusting.

But we're in a propaganda war with Russia, and the Biden administration made the choice to go public with Iran and Venezuela.

This is old-school Cold War stuff, and it'll be interesting to see how it plays out.

I'll troll the surface stuff here,  but beyond that I'm not going to knee-jerk judge based on who is making the decisions. The geo-political climate today warrants a deeper dive.

 

Well, now you sound reasonable. glad you came around. Seriously, no snark.

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11 minutes ago, Hardcore troubadour said:

Forecasted. How long out is that? Because today, after Biden declared war on fossil fuels, and the banks stopped funding them, we are down 1.5 million per day. 

I am not sure what was said today, but that is the latest forecasted average for 2022 that I have read.

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2 minutes ago, MTSkiBum said:

I am not sure what was said today, but that is the latest forecasted average for 2022 that I have read.

Let’s hope it’s right. But the forecast would be more if the banks and the government got out of the way. Banks not lending money on one of the surest things in history? Why? It all goes back to policy. The  policies have to change.  

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Three of the five pension funds in the NYC retirement system have divested 3 billion dollars in fossil fuels. I got a letter from the NYC comptroller informing retirees about this a few months ago and some woke explanation why. The police pension fund did not pull out. It’s all right in front of you folks. It ain’t just NYC btw. 

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CALPERS, is the largest retirement system, by a lot. There is presently a bill before the California legislature for them to divest all holdings in fossil fuels. 30 billion dollars. Think it won’t pass? Think the world doesn't see this ? I bet the Saudi’s focked then cooked a couple of goats in celebration. 

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23 minutes ago, Voltaire said:

Well, now you sound reasonable. glad you came around. Seriously, no snark.

You know I'm just trolling you with that other stuff. 

I troll because I care about forearm balance and not taking myself too seriously.

I'd be trolling the other way at footballsissies.com.

 

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2 hours ago, Sean Mooney said:

It's also important to note that the oil companies could lower prices and still make a killing. Last year the top 24 gas/oil companies made 174 billion dollars in net income.

 

 

So could Apple 

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2 hours ago, Sean Mooney said:

It's also important to note that the oil companies could lower prices and still make a killing. Last year the top 24 gas/oil companies made 174 billion dollars in net income.

 

 

What did their 2020 or 2015 finances look like?

 

I will answer the question, not good.

 

The thing about oil is you have to make profits during the boom because there is just another bust around the corner :(

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2 hours ago, Sean Mooney said:

You are saying what I'm saying. I'm not saying get rid of all oil but I do think we need to look at other methods of energy production. Again- if we had more viable options right now it would lessen the impact of what is going on in the world. 

My point was we don't need to lower our dependance on oil for energy reasons.  We have plenty without even going abroad to get it.   If you want to lower dependance for other reasons so be it.

And don't think another viable option will suddenly bring out rainbows and unicorns. Energy has always caused turmoil. The mere thought that there would be a realistic alternative would probably cause a war.  Some very powerful places with very powerful people only have oil to thank for that power.

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2 hours ago, Sean Mooney said:

It's also important to note that the oil companies could lower prices and still make a killing. Last year the top 24 gas/oil companies made 174 billion dollars in net income.

 

 

That is a meaningless figure. What was their profit margin compared to other industries? 

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Just need those pension funds/insurance to put 5% of their holdings into Bitcoin. I'll be heading to the🌙

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The Zelensky stuff just seems very off. Gut instinct (and if you have a sense of openly stated Great R3set goals and machinations). Putin and him may actually ultimately have similar interests. Controlled demolition of the current economic paradigm. Elites, oligarchs and their people are maneuvering in tandem for the interest of that class. But the why aside, the what of all the Zelensky worship is incredibly cringeworthy. Just saw his standing ovation while quoting Churchill to the British parliament. 🤦‍♀️

Humanity is really being played.

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One thing I wonder if the oil and gas people can offer some information on.  We currently take 65% of the oil extracted in Iraq.  We also occupy oilfields in neighboring Syria, where Trump famously told us all that he took the oil.  What percentage of US domestic usage does this oil from Iraq and Syria account for?  Does the US gov't. sell this oil on the open market or directly to refiners?  What happens to the money; does it go into the US general treasury or is this diverted to the CIA to do stuff like overthrowing governments, or both?

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3 minutes ago, naomi said:

The Zelensky stuff just seems very off. Gut instinct (and if you have a sense of openly stated Great R3set goals and machinations). Putin and him may actually ultimately have similar interests. Controlled demolition of the current economic paradigm. Elites and oligarchs are maneuvering for themselves. But the why aside, the what of all the Zelensky worship is incredibly cringeworthy. Just saw his standing ovation while quoting Churchill to the British parliament. 🤦‍♀️

Humanity is really being played.

I agree.

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