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Posted: 9/29/2014 10:50:17 PM EDT
The USA
The US is overtaking Saudi Arabia to become the world’s largest producer of liquid petroleum, in a sign of how its booming oil production has reshaped the energy sector. US production of oil and related liquids such as ethane and propane was neck-and-neck with Saudi Arabia in June and again in August at about 11.5m barrels a day, according to the International Energy Agency, the watchdog backed by rich countries.  |
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Posted: 9/29/2014 10:52:04 PM EDT
[#1]
 And today I got some new MFing FR pants for when I have to go in the field!!! 
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Posted: 9/29/2014 10:58:13 PM EDT
[#2]
And yet diesel is 3.59 a gallon
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Posted: 9/29/2014 11:01:49 PM EDT
[#3]
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Posted: 9/29/2014 11:02:20 PM EDT
[#4]
USA USA USA!
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Posted: 9/29/2014 11:02:56 PM EDT
[#5]
So remind me again why it costs $100 to fill up my truck?
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Posted: 9/29/2014 11:03:01 PM EDT
[#6]
It'd sold overseas for more?
Not enough refineries? Guesses |
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Posted: 9/29/2014 11:04:19 PM EDT
[#7]
Too bad that we don't have a decent administration that could maximize this opportunity it's
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Posted: 9/29/2014 11:06:58 PM EDT
[#8]
Quote HistoryQuoted: So remind me again why it costs $100 to fill up my truck? In my opinion that's more a reflection on the value of a dollar. |
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Posted: 9/29/2014 11:07:40 PM EDT
[#9]
That site wants a subscription to read the article.
I thought the U.S. was the #1 Oil importer, so it would only make sense that U.S. would refine the most petroleum... and then sell the refined to whatever country pays the most. Is it saying that the U.S. is producing the most oil? That would seem incredible |
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Posted: 9/29/2014 11:07:53 PM EDT
[#10]
Manifest Destiny, we should have Canada's oil. If only the US would have taken it to heart :) We would be kicking the worlds butt in oil production.
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Posted: 9/29/2014 11:08:35 PM EDT
[#11]
Correct but we could do so much more if the govt would get the hell out of the way. We badly need a cohesive and smart energy policy including nukes and a massive power grid update.
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Posted: 9/29/2014 11:08:50 PM EDT
[#12]
Quote HistoryQuoted:
It'd sold overseas for more? Not enough refineries? Guesses There is still an export ban on crude.....but obviously, the loophole is just to refine it here and then ship it overseas. We are still importing shit ton of oil, mostly from South America and Canada. The bottom line is that if we wanted to lower the price of gas / diesel for Americans, it could easily be accomplished. But that's not going to happen....you know, because of "capitalism". |
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Posted: 9/29/2014 11:09:12 PM EDT
[#13]
Quote HistoryQuoted: That site wants a subscription to read the article. I thought the U.S. was the #1 Oil importer, so it would only make sense that U.S. would refine the most petroleum... and then sell the refined to whatever country pays the most. Is it saying that the U.S. is producing the most oil? That would seem incredible "The US is overtaking Saudi Arabia to become the world’s largest producer of liquid petroleum, in a sign of how its booming oil production has reshaped the energy sector. US production of oil and related liquids such as ethane and propane was neck-and-neck with Saudi Arabia in June and again in August at about 11.5m barrels a day, according to the International Energy Agency, the watchdog backed by rich countries."...[more] |
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Posted: 9/29/2014 11:23:35 PM EDT
[#14]
Quote HistoryQuoted: There is still an export ban on crude.....but obviously, the loophole is just to refine it here and then ship it overseas. Quote HistoryQuoted: Quoted: It'd sold overseas for more? Not enough refineries? Guesses There is still an export ban on crude.....but obviously, the loophole is just to refine it here and then ship it overseas. Read the comments for the LIVs freaking out. These peoples' votes count as much as mine.
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Posted: 9/29/2014 11:25:01 PM EDT
[#15]
Time to ban fracking.
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Posted: 9/29/2014 11:28:27 PM EDT
[#16]
You're Welcome!!!
Come on Devon. (Just had a 4.2 earthquake - SHAKE THAT OIL LOOSE!!!) 
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Posted: 9/29/2014 11:29:58 PM EDT
[#17]
Quote HistoryQuoted: Time to ban fracking. Fracking Colorado style! Nuclear fracking!!!  |
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Posted: 9/29/2014 11:35:46 PM EDT
[#18]
Quote HistoryQuoted:
So remind me again why it costs $100 to fill up my truck? 
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Posted: 9/29/2014 11:46:32 PM EDT
[#19]
Quote HistoryQuoted: So remind me again why it costs $100 to fill up my truck? |
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Posted: 9/29/2014 11:49:02 PM EDT
[#20]
I'll take 100mpg anything plz.
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Posted: 9/29/2014 11:49:24 PM EDT
[#21]
Quote HistoryQuoted:
In my opinion that's more a reflection on the value of a dollar. Quote HistoryQuoted:
Quoted:
So remind me again why it costs $100 to fill up my truck? In my opinion that's more a reflection on the value of a dollar. and fracking is lot more expensive than sucking it straight from the ground not to mention ethanol bullshit and taxes |
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Posted: 9/29/2014 11:55:20 PM EDT
[#22]
Quote HistoryQuoted:
So remind me again why it costs $100 to fill up my truck? 
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Posted: 9/30/2014 12:10:30 AM EDT
[#23]
Quote HistoryQuote HistoryQuoted:
Quoted:
So remind me again why it costs $100 to fill up my truck? http://4.bp.blogspot.com/-hUuZGT1p5EM/TZzrBX0oYYI/AAAAAAAAFzM/B9fdiSQT8-k/s1600/Inept.png Inept? here's a quote for you. "Under my plan, energy costs would necessarily skyrocket." This is exactly what he planned and promised to deliver. |
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Posted: 9/30/2014 12:12:22 AM EDT
[#24]
...and the ME becomes increasingly irrelevant, on this front at least.
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Posted: 9/30/2014 12:28:15 AM EDT
[#25]
C'mon man! You can produce all you want and all day long but since there haven't been any refineries built in 40 years well then you're still getting "Fucked at the Pump". Oil companies are modeling their business on the DeBeers diamond monopoly right in front of us.
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Posted: 9/30/2014 12:58:18 AM EDT
[#26]
So now that our production is booming, all we have to do is produce more oil than we consume, and then we have a fundamental interest in destabilizing the middle east and Venezuela, so our net oil profit goes up?
That sounds way more fun than playing World Police for the 8th decade in a row. 
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Posted: 9/30/2014 1:09:34 AM EDT
[#27]
Quote HistoryQuoted:
So remind me again why it costs $100 to fill up my truck? Because of supply and demand, especially demand, silly. |
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Posted: 10/2/2014 8:08:51 PM EDT
[#28]
Quote HistoryQuoted: C'mon man! You can produce all you want and all day long but since there haven't been any refineries built in 40 years well then you're still getting "Fucked at the Pump". Oil companies are modeling their business on the DeBeers diamond monopoly right in front of us.  |
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Posted: 10/2/2014 8:11:10 PM EDT
[#29]
Quote HistoryQuoted:
C'mon man! You can produce all you want and all day long but since there haven't been any refineries built in 40 years well then you're still getting "Fucked at the Pump". Oil companies are modeling their business on the DeBeers diamond monopoly right in front of us. this. and FBHO.
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Posted: 10/2/2014 8:20:05 PM EDT
[#30]
the gov does NOT WANT CHEAP FUEL FOR US...... they WANT it to be high, to help shove people into small cars, and to push " green" shit, like electric cars, etc.
facts are not whats important... FEELINGS are whats important.. the environment, global warming, climate change, etc, it FEELS wrong to have cheap gas... electric cars FEEL good... no matter there is no way in hell for everyone to even be able to charge the fucking things, even if we had them. not only that, but its also the clusterfuck the gov does with EVERYTHING . gov.... gas taxes to fix the roads.... BUT, you should get a car that gets really good gas mileage ! ! ! for the environment ! gov..... hey... cars get better gas mileage... so.... were going to tax your mileage, or have a hybrid tax, because we dont have as much tax money to blow now. but cars with great mileage are what responsible people do........etc, etc. |
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Posted: 10/2/2014 8:23:55 PM EDT
[#31]
The stuff I pull out of the ground in ND is as light as diesel and could damn near be ran through a coffee filter and dumped in a truck's tank.
Posted Via AR15.Com Mobile |
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Posted: 10/2/2014 8:24:53 PM EDT
[#32]
Quote HistoryQuoted: the gov does NOT WANT CHEAP FUEL FOR US...... they WANT it to be high, to help shove people into small cars, and to push " green" shit, like electric cars, etc. No No, It couldn't have anything to do with QE1, 2, 3, 4. etc. Devalue the dollar, takes more dollars to buy barrel of oil.... |
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Posted: 10/2/2014 8:25:56 PM EDT
[#33]
Quote HistoryQuoted: The stuff I pull out of the ground in ND is as light as diesel and could damn near be ran through a coffee filter and dumped in a truck's tank. Posted Via AR15.Com Mobile What kinda gravity are we talking? |
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Posted: 10/2/2014 8:27:14 PM EDT
[#34]
Quote HistoryQuoted:
So remind me again why it costs $100 to fill up my truck? Because Saudi oil comes out of the ground for a lot less money than ours does. |
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Posted: 10/2/2014 8:29:06 PM EDT
[#35]
Quote HistoryQuoted: Because Saudi oil comes out of the ground for a lot less money than ours does. Quote HistoryQuoted: Quoted: So remind me again why it costs $100 to fill up my truck? Because Saudi oil comes out of the ground for a lot less money than ours does. That's cause they don't have to deal with EPA, PHMSA, OSHA, etc. |
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Posted: 10/2/2014 8:29:32 PM EDT
[#36]
Quote HistoryQuoted:
So remind me again why it costs $100 to fill up my truck? Because we are producing a lot of oil, not refineries. If your truck could run on crude oil it would be cheap as hell.
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Posted: 10/2/2014 8:31:24 PM EDT
[#37]
There isn't a lot of profit producing synthetic oil at these levels. For some fields $90 a barrel of synthetic oil is too cheap to keep up production. Let's not forget "fracking" doesn't produce oil. It produces a substance that can be turned into synthetic oil, but it requires a lot of energy to do it. There is no such thing as "shale oil". It's a misnomer. If prices drop much more a lot of production will have to come off line. |
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Posted: 10/2/2014 8:31:50 PM EDT
[#38]
All that not withstanding the fact there is no functional gas to liquid plant in the USA, which is to say, that when there is, and we have the ability to export natural gas, we will take that first place seat solidly.
Stimulation of the Tuscaloosa Marine Shale oil/gas formation has just begun with an estimated 9 billion barrels recoverable, combined with the fact that the Cline Shale is still pretty young puts a huge increase in oil production in our immediate future. The US government recently issued a third permit to export LNG, and there is not yet a functioning gtl plant here. Look at the 24 month history of stock symbol LNG to see the future of natural gas production in the USA. |
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Posted: 10/2/2014 8:32:57 PM EDT
[#39]
Quote HistoryQuoted:
That's cause they don't have to deal with EPA, PHMSA, OSHA, etc. Quote HistoryQuoted:
Quoted:
Quoted:
So remind me again why it costs $100 to fill up my truck? Because Saudi oil comes out of the ground for a lot less money than ours does. That's cause they don't have to deal with EPA, PHMSA, OSHA, etc. But the fact remains. |
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Posted: 10/2/2014 8:33:23 PM EDT
[#40]
Jimmah Carter created the US Dept of Energy to end the USA's dependence upon foreign oil. And what a fine job the DOE has done...
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Posted: 10/2/2014 8:35:28 PM EDT
[#41]
Quote HistoryQuoted: There is still an export ban on crude.....but obviously, the loophole is just to refine it here and then ship it overseas. We are still importing shit ton of oil, mostly from South America and Canada. The bottom line is that if we wanted to lower the price of gas / diesel for Americans, it could easily be accomplished. But that's not going to happen....you know, because of "capitalism". Quote HistoryQuoted: Quoted: It'd sold overseas for more? Not enough refineries? Guesses There is still an export ban on crude.....but obviously, the loophole is just to refine it here and then ship it overseas. We are still importing shit ton of oil, mostly from South America and Canada. The bottom line is that if we wanted to lower the price of gas / diesel for Americans, it could easily be accomplished. But that's not going to happen....you know, because of "capitalism". No...if we wanted to lower the price of gas / diesel for Americans...we need to build more refining capability and cease the EPA mandated bullshit that increases the price substantially. We could also open up federal lands to drilling. We're still importing crude basically because of transportation issues (read costs)...like having to ship crude oil to the refineries via rail car...because the government is anal about pipelines. As crude oil is traded on the world market, it can be cheaper for the refining companies to buy their raw material by the shipload than by the railroad tank-car. The prices of gasoline and diesel in this country are a direct reflection of governmental meddling in a free market economy....which is the antithesis of "capitalism".  |
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Posted: 10/2/2014 8:36:17 PM EDT
[#42]
They are talking about LPG, Propane, Butane. Not oil if I'm reading right.
Saudi's pump mostly crude and ship it. They keep it simple. |
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Posted: 10/2/2014 8:38:43 PM EDT
[#43]
Quote HistoryQuoted:
There is still an export ban on crude.....but obviously, the loophole is just to refine it here and then ship it overseas. We are still importing shit ton of oil, mostly from South America and Canada. The bottom line is that if we wanted to lower the price of gas / diesel for Americans, it could easily be accomplished. But that's not going to happen....you know, because of "capitalism". Quote HistoryQuoted:
Quoted:
It'd sold overseas for more? Not enough refineries? Guesses There is still an export ban on crude.....but obviously, the loophole is just to refine it here and then ship it overseas. We are still importing shit ton of oil, mostly from South America and Canada. The bottom line is that if we wanted to lower the price of gas / diesel for Americans, it could easily be accomplished. But that's not going to happen....you know, because of "capitalism". Yeah, we need more socialism. That'll solve everything, just like it always has. Fucking Illinoisians. |
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Posted: 10/2/2014 8:39:20 PM EDT
[#44]
Quote HistoryQuoted: No...if we wanted to lower the price of gas / diesel for Americans...we need to build more refining capability and cease the EPA mandated bullshit that increases the price substantially. We could also open up federal lands to drilling. Quote HistoryQuoted: Quoted: Quoted: It'd sold overseas for more? Not enough refineries? Guesses There is still an export ban on crude.....but obviously, the loophole is just to refine it here and then ship it overseas. We are still importing shit ton of oil, mostly from South America and Canada. The bottom line is that if we wanted to lower the price of gas / diesel for Americans, it could easily be accomplished. But that's not going to happen....you know, because of "capitalism". No...if we wanted to lower the price of gas / diesel for Americans...we need to build more refining capability and cease the EPA mandated bullshit that increases the price substantially. We could also open up federal lands to drilling. We're still importing crude basically because of transportation issues (read costs)...like having to ship crude oil to the refineries via rail car...because the government is anal about pipelines. As crude oil is traded on the world market, it can be cheaper for the refining companies to buy their raw material by the shipload than by the railroad tank-car. The prices of gasoline and diesel in this country are a direct reflection of governmental meddling in a free market economy....which is the antithesis of "capitalism". I'm still not really sure what to think about the Hyperion refinery getting cancelled. It's insanity. |
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Posted: 10/2/2014 8:39:44 PM EDT
[#45]
Quote HistoryQuoted:
You're Welcome!!! Come on Devon. (Just had a 4.2 earthquake - SHAKE THAT OIL LOOSE!!!) <a href="http://s88.photobucket.com/user/sfdude/media/IMAG1282_zps03601ff7.jpg.html" target="_blank">http://i88.photobucket.com/albums/k162/sfdude/IMAG1282_zps03601ff7.jpg</a> H&P Flex 3 My favourite Flex rig. |
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Posted: 10/2/2014 8:40:15 PM EDT
[#46]
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Posted: 10/2/2014 8:41:57 PM EDT
[#47]
Quote HistoryQuoted: There isn't a lot of profit producing synthetic oil at these levels. For some fields $90 a barrel of synthetic oil is too cheap to keep up production. Let's not forget "fracking" doesn't produce oil. It produces a substance that can be turned into synthetic oil, but it requires a lot of energy to do it. There is no such thing as "shale oil". It's a misnomer. If prices drop much more a lot of production will have to come off line.  WTF are you talking about. Fracing is to allow more production out of the formation. It doesn't TURN anything. You did get your last sentance correct. "shale oil" or "sands oil" can only be productive if the $ per bbl stays over $65.00 US. |
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Posted: 10/2/2014 8:43:44 PM EDT
[#48]
Quote HistoryQuoted: Quote HistoryQuoted: At these price levels we'll find the true cost of fracking.Quoted: There isn't a lot of profit producing synthetic oil at these levels. For some fields $90 a barrel of synthetic oil is too cheap to keep up production. Let's not forget "fracking" doesn't produce oil. It produces a substance that can be turned into synthetic oil, but it requires a lot of energy to do it. There is no such thing as "shale oil". It's a misnomer. If prices drop much more a lot of production will have to come off line. WTF are you talking about. Fracing is to allow more production out of the formation. It doesn't TURN anything. You did get your last sentance correct. "shale oil" or "sands oil" can only be productive if the $ per bbl stays over $65.00 US. How in the high, holy fuck did I miss this the first time through? Qweevox normally posts some good shit but this is higher than Colorado. ETA: BTW Colorado is where Naval Oil Shale Reserves 1 and 3 are located. They are now managed by the BLM. |
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Posted: 10/2/2014 8:44:44 PM EDT
[#49]
Quote HistoryQuoted:
At these price levels we'll find the true cost of fracking. There isn't a lot of profit producing synthetic oil at these levels. For some fields $90 a barrel of synthetic oil is too cheap to keep up production. Let's not forget "fracking" doesn't produce oil. It produces a substance that can be turned into synthetic oil, but it requires a lot of energy to do it. There is no such thing as "shale oil". It's a misnomer. If prices drop much more a lot of production will have to come off line.
WTF are you talking about. Fracing is to allow more production out of the formation. It doesn't TURN anything. You did get your last sentance correct. "shale oil" or "sands oil" can only be productive if the $ per bbl stays over $65.00 US. Quote HistoryQuoted:
Quoted:
At these price levels we'll find the true cost of fracking. There isn't a lot of profit producing synthetic oil at these levels. For some fields $90 a barrel of synthetic oil is too cheap to keep up production. Let's not forget "fracking" doesn't produce oil. It produces a substance that can be turned into synthetic oil, but it requires a lot of energy to do it. There is no such thing as "shale oil". It's a misnomer. If prices drop much more a lot of production will have to come off line.
WTF are you talking about. Fracing is to allow more production out of the formation. It doesn't TURN anything. You did get your last sentance correct. "shale oil" or "sands oil" can only be productive if the $ per bbl stays over $65.00 US. I think he is confusing fracing and Catalytic Cracking. Then he got high and finished the rest of the post.
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Posted: 10/2/2014 8:51:12 PM EDT
[#50]
Quote HistoryQuoted:
At these price levels we'll find the true cost of fracking. There isn't a lot of profit producing synthetic oil at these levels. For some fields $90 a barrel of synthetic oil is too cheap to keep up production. Let's not forget "fracking" doesn't produce oil. It produces a substance that can be turned into synthetic oil, but it requires a lot of energy to do it. There is no such thing as "shale oil". It's a misnomer. If prices drop much more a lot of production will have to come off line. Quit with the fucking K in fracing. |
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