Replies to post #417110 on Tornado Alley (PROG)

[fuagf]

hap, It isn't difficult to understand why you are unable to concede publicly any of the political reality outlined in the material given you.

"If the repubs win in 2022 and 2024, we shall see if the USA becomes energy independent again -- if not, then fossil fuels will continue to be under attack by our government and prices will remain high -- windfall tax just another attempt to put energy companies out of business
Not difficult to understand --
hap"

Windfall tax would be just another attempt to have some of those companies give a bit more back to the public they continue to take so much from.

Fossil fuels will be under attack long after you and i and many others here have left our earth to others. One consolation is that your grandchildren may have a much healthier environment to raise their children in.

Your deflection and obfuscation, as that of other's here, doesn't do your grandchildren any favors.

[sortagreen]

I'm searching for words here.

"Shut the fuck up, you ignorant, bigoted, mouth-breathing piece of shit," comes to mind, but even that won't cover it.


Oil production was crushed in 2020 when your ignorant, bigoted, mouth-breathing, orange piece of shit was still squatting in the White House. The oil hasn't gone away, and neither has the technology. A bunch of producers got seriously hurt, but there are a few reasons for the slow ramp up... and the most important one? It's just not being pumped right now, because profits are higher if they keep supplies low. Oil consumption grew by 1.6 million barrels/day in 2021, and production hasn't kept pace, not because producers couldn't do so, but because they wouldn't... and then along came a war with Russia, supply tightened, and profits went through the roof. The incentive to keep oil off the market is pretty strong

Crude prices hurtling toward $100 a barrel typically would spark a frenzy of new drilling by independent explorers in shale fields from the desert Southwest to the Upper Great Plains -- but not this year. Influential players like Pioneer Natural Resources Co., Devon Energy Corp. and Harold Hamm’s Continental Resources Inc. just pledged to limit 2022 production increases to no more than 5%, a fraction of the 20% or higher annual growth rates meted out in the pre-pandemic era.
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Independent producers are “focused on cleaning up balance sheets, lowering break even prices and returning cash back to investors -- not looking for growth.’’
-https://www.worldoil.com/news/2022/2/18/shale-giants-swear-they-won-t-drill-more-even-at-200-a-barrel/

Question for you, moron. What does energy independence mean to you? Do we pay less for WTI than we do for Brent, or Murban, or Saudi oil? Fuck no. Marginally, maybe... But essentially we don't. US produced oil is sold to the highest bidder. It's not our oil. We barely even get a cut, and we sure as fuck don't get a break on the price. Right now WTI is $109.6 and Brent is $113.1. Murban is $112.5 and they're all down about 7 or 8 percent this morning(https://oilprice.com/) For some reason the Saudis always get a premium of $5-$10... probably because their product is cheaper to refine, and also because they can.

The official selling price (OSP) for flagship Arab Light crude in May could rise by $5 a barrel on average to reach nearly $10 a barrel above Oman/Dubai quotes, the grade's highest premium ever, a Reuters survey of seven refining sources showed.
https://www.reuters.com/world/middle-east/saudi-arabia-may-raise-may-crude-prices-asia-new-record-levels-2022-03-30/

But wait, there's more Cletus. The damnedest thing is that oil was $10-$15 higher in March. But while oil is down 12%, gasoline prices are up by more than 20%... 90 cents. Wanna guess why that is? Because they can. Gas is $5 a gallon, because you'll pay it. Have you gone to a gas station and found they were out of gas? No. I guess there's no shortage then.


Lastly.

Since 2010, the United States has exported more refined petroleum products, including distillate fuel oil, hydrocarbon gas liquids, and motor gasoline, among others, than it has imported. Net exports of refined petroleum products grew to 3.3 million b/d in 2020 and remained about the same in 2021. We expect petroleum product net exports will reach new highs of 3.6 million b/d in 2022 and 3.8 million b/d in 2023.
https://www.eia.gov/todayinenergy/detail.php?id=51338

Jimmy Carter warned us about this 50 goddamned years ago.... But Jimmy Carter got the boot, and here we are, still driving Suburban Assault Vehicles, full-sized pickups and Dodge Hellcats, still in thrall to greedy fucking oil companies and third world autocrats, still cursing the prices and still blaming Washington for the fact that we can't stop stepping on our own dicks. It is what it is.

The US is expected to become a net exporter of oil again in 2023, no matter who sits in Washington. If gas prices stay this high, people's habits might change, and demand destruction is one thing the bastards don't want to risk. But you know this. You actually know all of this, or you should.

Bottom line? You're either a lying piece of shit... an ignorant, bigoted, mouth-breathing, lying piece of shit, or an ignorant old fool. Feel free to tell us which.