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Posted: 1/21/2021 9:13:46 PM EDT
[#1]
Quote HistoryQuoted: They will be soon. Oil is creeping up on $60/bbl right now. The way Biden is going, if he fucks with fracking, we’ll be at $100/bbl by January next year. I expect service companies to start hiring again by this fall, if not sooner. Quote HistoryQuoted: Quoted: Quoted: Quoted: Eh, just fed land. Good point, maybe. I literally have no idea. Who's land does most oil production come from? Any oil people want to chime in? Read the article I posted. It’s all spelled out there. Could be a big deal for small outfits. Big outfits saw this coming. No one is drilling anyways right now. They will be soon. Oil is creeping up on $60/bbl right now. The way Biden is going, if he fucks with fracking, we’ll be at $100/bbl by January next year. I expect service companies to start hiring again by this fall, if not sooner. I worry that the prices are a trap set by the Saudis to put another nail in the coffin of the US oil industry. There’s not a lot of reason for the Saudis to unilaterally cut production again. After some of the largest production cuts in history. Then warn US of this oil producers not to get back into the game. |
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Posted: 1/21/2021 9:16:19 PM EDT
[#2]
Quote HistoryQuoted: All they have to do is raise the gas tax. Quote HistoryQuoted: Quoted: What y’all are missing is: Prices won’t go up unless demand goes up. Unless people start traveling and do things. Demand won’t go up. IMO he’s virtue signaling to the green crowd of “oh look, I did something!” When in reality he didn’t do shit important to 90% of the industry. The left wants to make him look like the second coming, greatest economic mind in history, etc. for in 4 years they get another win. That won’t happen unless demand comes back. And right now they’re stepping all over themselves still with the covid fears. I think they over played the covid card. People are scared. And he’s not going to be able to win them back. All they have to do is raise the gas tax. Federal gas tax increases started discussion under Trump. Republicans do the same shit. Look at deswine In Ohio. The gas tax increase is inevitable unfortunately. People want highways funded. Cause muh roads. |
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Posted: 1/21/2021 9:17:02 PM EDT
[#3]
Is anyone surprised he did this?
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Posted: 1/21/2021 9:19:17 PM EDT
[#4]
Quote HistoryQuoted: I could be mistaken, but his will mostly effect offshore, Colorado, and Alaska. Should not effect Texas all that much as most of our drilling is on privately owned or state land - we don't have much federal land for him to fuck with (other than offshore, and even most of that drilling was in Texas water - but killed by Obama. I want to assume Alaska is the vast majority of the US production on Federal land - most of it is shipped over seas as it is more economical to export it to Japan and import from Mexico or even the Middle east than to transport it to US refineries. I assume this mostly will fuck Japan and increase the world crude oil price marginally. Wyoming, Colorado, New Mexico, and Utah will take a hit. Although Colorado was screwed from within by the dem led Colorado Oil and Gas Conservation Commission, when they implemented horrendous new set-back rules. |
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Posted: 1/21/2021 9:20:21 PM EDT
[#5]
When do we get to see him bow to a Saudi king? I’m not getting the warm and fuzzies until I see him bow to a Saudi king.
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Posted: 1/21/2021 9:23:09 PM EDT
[#6]
And then add 140,000 immigrants who use up Medicaid, EBT, rent assistance, cash assistance
Wow. Trifecta |
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Posted: 1/21/2021 9:25:24 PM EDT
[#7]
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Posted: 1/21/2021 9:30:35 PM EDT
[#8]
Quote HistoryQuoted: And passing through $4 on the way to $5. This prick will sabotage the oil industry. Day one. Quote HistoryQuoted: Quoted: $4 per gallon here we come! Weeeee! And passing through $4 on the way to $5. This prick will sabotage the oil industry. Day one. I paid $2.49 today. That’s up .25 from the 1st. |
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Posted: 1/21/2021 9:33:22 PM EDT
[#9]
This is just what SE Oklahoma needed to help out our booming economy...
Seriously, 90% of new jobs around here are oil/gas drilling. We've had a nice 4 years. Good thing that's over with. |
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Posted: 1/21/2021 9:38:31 PM EDT
[#10]
Quote HistoryQuoted: But muh bumpstocks and he was so unpresidential! He couldn’t change the entire global power structure by himself in 4 years! Doesn’t that sound like the ridiculous caterwauling and manipulation that it always was? We’ve even got one of them a few posts up, undermining trump all the time and then complaining about the results they pushed for. Despicable. I'm not going to debate the anti Trump rhetoric, because I myself grew more and more disappointed with him through the years. However, being anti-Trump does not automatically make you pro-Biden. I didn't want Trump in office, I wanted an actual small government individual liberty guy. In the end, Trump was just a slower train to the same destination that Biden has us speeding towards. Trump was never going to be small government or pro individual liberties, it just wasn't what he cared about. Anyone with half a brain could see he cared more about international policy and, when he could be bothered to care, was generally "conservative" on some homefront items, but he didn't work tirelessly to fix us. |
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Posted: 1/21/2021 9:38:41 PM EDT
[#11]
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Posted: 1/21/2021 9:40:07 PM EDT
[#12]
I was gonna buy a new truck... looks like it might be better to wait and see how high gas prices get.
Also, I’ll bet any amount of money he will blame the high gas prices on Trump. |
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Posted: 1/21/2021 9:40:55 PM EDT
[#13]
Quote HistoryQuoted: Isn't this just new leases? Now like we need to bring more capacity online right now. Especially since we're probably getting a new lockdown soon Are you truly retarded? Or do you have to work to be this stupid? |
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Posted: 1/21/2021 9:41:52 PM EDT
[#14]
Wonder how the markets will react.
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Posted: 1/21/2021 9:43:18 PM EDT
[#15]
Quote HistoryQuoted: Please tell me how gas prices work. Please. (My family owns over 400 gas stations. We sell combined over 400 million gallons of gasoline.) Quote HistoryQuoted: Quoted: Quoted: What y’all are missing is: Prices won’t go up unless demand goes up. Unless people start traveling and do things. Demand won’t go up. IMO he’s virtue signaling to the green crowd of “oh look, I did something!” When in reality he didn’t do shit important to 90% of the industry. The left wants to make him look like the second coming, greatest economic mind in history, etc. for in 4 years they get another win. That won’t happen unless demand comes back. And right now they’re stepping all over themselves still with the covid fears. I think they over played the covid card. People are scared. And he’s not going to be able to win them back. Thats not even remotely how it works with gas prices Please tell me how gas prices work. Please. (My family owns over 400 gas stations. We sell combined over 400 million gallons of gasoline.)  Attached File |
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Posted: 1/21/2021 9:44:39 PM EDT
[#16]
gulf port hurricane cat 5 ain't got nuthin on Xiden.
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Posted: 1/21/2021 9:49:04 PM EDT
[#17]
I expect the electric tractors will harvest crops in 2 years and delivered by driverless electric trucks
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Posted: 1/21/2021 9:50:14 PM EDT
[#18]
He and his Dem cohorts all want to drive their investments in “green” energy. Follow the money. Corrupt bastards all of them.
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Posted: 1/21/2021 9:55:14 PM EDT
[#19]
Quote HistoryQuoted: Thats not even remotely how it works with gas prices by any chance, do you also know how the Higgs boson works? |
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Posted: 1/21/2021 9:56:08 PM EDT
[#20]
Quote HistoryQuoted: well, Biden didn't promise: a shining city on a hill, kinder gentler nation, he felt your pain, compassionate conservatism, Hope and change, or MAGA. nope, 81 million* voted for fuck your gas and oil Probably more like 60 million, but they deserve much of the blame. This is way beyond "politics" now. Anyone who befriends Democrats is part of the problem. |
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Posted: 1/21/2021 9:57:57 PM EDT
[#21]
Mother fucker
 Shit it’s already been hard enough for them to get permits in gov owned land in NM cause of this WuFlu... Christ, keep on killing the oil & gas industry you cuck |
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Posted: 1/21/2021 9:59:26 PM EDT
[#22]
He’ll quietly open them back up later after he gets paid off.
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Posted: 1/21/2021 10:00:08 PM EDT
[#23]
Quote HistoryQuoted: When do we get to see him bow to a Saudi king? I’m not getting the warm and fuzzies until I see him bow to a Saudi king. I don't think he will...mostly because he couldn't get back up. |
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Posted: 1/21/2021 10:05:38 PM EDT
[#24]
52.6X +/- right now.
$61 by March 30 While I didn't vote for the fuck stain and the old man, at least there is a selfish silver lining from those of you that did for me. |
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Posted: 1/21/2021 10:09:11 PM EDT
[#25]
Quote HistoryQuoted: And a warm thank you from cuck PA and TX oilfield people who voted for this dick. Relegated to UAW status, dumbshits. PA and TX are business as usual. There are no Federal leases in PA or TX onshore. TX off shore will suffer. big. |
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Posted: 1/21/2021 10:12:25 PM EDT
[#26]
Quote HistoryQuoted: Senile Joe does what his masters tell him to do Quote HistoryQuoted: Quoted: He immediately attacks the US Economy and destroys jobs. Day one. Senile Joe does what his masters tell him to do This. Exactly WHO is the man behind the curtain? WHO is telling him what to do? WHO? |
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Posted: 1/21/2021 10:16:10 PM EDT
[#27]
Quote HistoryQuoted: 52.6X +/- right now. $61 by March 30 While I didn't vote for the fuck stain and the old man, at least there is a selfish silver lining from those of you that did for me. Truer words never spoken. |
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Posted: 1/21/2021 10:20:30 PM EDT
[#28]
Quote HistoryQuoted: Good point, maybe. I literally have no idea. Who's land does most oil production come from? Any oil people want to chime in? Quote HistoryQuoted: Quoted: Eh, just fed land. Good point, maybe. I literally have no idea. Who's land does most oil production come from? Any oil people want to chime in? Here are the facts. Oil companies are not stupid, they have drilling permits that will last at least 4 years. Most Federal land is in, NV, WY,SD, NM. About 2.2 million BOED. So if they kill fed leases forever, then that will be +2.2 million gone. XL pipeline was going to pump 800K BOD. All the state lands and private will continue. However, if they ban fracking on federal land then all production including NG will be gone on Federal land. Some act like it's a nothing but, it is a huge amount of production and future production on Federal land. NM has a huge reserve of untapped oil as well as SD. Now, all off shore is Federal land. That is a lot of production. This is 2017 stats but will give you an idea: #2 and #3 will be reduced greatly. https://www.statista.com/statistics/714376/crude-oil-production-by-us-state/ Also, regarding capacity and price. Oil companies are not stupid. They drill the wells but, don't complete the wells when prices are low. These high volume horizontal wells died when they were shut in bc of covid. They may be able to clean them up or restimulate the wells. Realize that some of these big wells only last at most 6-10 months. I don't think most people realize the huge amount of oil in the Delaware. It could never be produced conventually. It is Saudia Arabia huge. |
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Posted: 1/21/2021 10:28:06 PM EDT
[#29]
Quote History |
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Posted: 1/21/2021 10:29:52 PM EDT
[#30]
Quote HistoryQuoted: There's already $4 per gallon gas here. Quote HistoryQuoted: Quoted: $4 per gallon here we come! Weeeee! There's already $4 per gallon gas here. I meant the rest of the country. Californians will be paying $12 per gallon as a penalty for not driving a car that runs on unicorn farts. |
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Posted: 1/21/2021 10:30:48 PM EDT
[#31]
Quote HistoryQuoted: 800K BOD that's a lot |
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Posted: 1/21/2021 10:31:58 PM EDT
[#32]
Quote HistoryQuoted: PA and TX are business as usual. There are no Federal leases in PA or TX onshore. TX off shore will suffer. big. While this is mostly true don't forget that in order to get permits even for onshore even though not on federal lands you still have to get approvals from federal entities. This will be drastically slowed trust me. |
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Posted: 1/21/2021 10:33:25 PM EDT
[#33]
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Posted: 1/21/2021 10:34:15 PM EDT
[#34]
Quote HistoryQuoted: Here are the facts. Oil companies are not stupid, they have drilling permits that will last at least 4 years. Most Federal land is in, NV, WY,SD, NM. About 2.2 million BOED. So if they kill fed leases forever, then that will be +2.2 million gone. XL pipeline was going to pump 800K BOD. All the state lands and private will continue. However, if they ban fracking on federal land then all production including NG will be gone on Federal land. Some act like it's a nothing but, it is a huge amount of production and future production on Federal land. NM has a huge reserve of untapped oil as well as SD. Now, all off shore is Federal land. That is a lot of production. This is 2017 stats but will give you an idea: #2 and #3 will be reduced greatly. https://www.statista.com/statistics/714376/crude-oil-production-by-us-state/ Where are you getting these 4 year permits? |
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Posted: 1/21/2021 10:38:30 PM EDT
[#35]
Quote HistoryQuoted: It was only last year that oil prices were negative.  You should have bought all you could when it was cheap. |
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Posted: 1/21/2021 10:43:54 PM EDT
[#36]
Quote HistoryQuoted: Good point, maybe. I literally have no idea. Who's land does most oil production come from? Any oil people want to chime in? It doesn’t effect Texas or anything private. It will still be massively disruptive throughout the industry. |
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Posted: 1/21/2021 10:46:06 PM EDT
[#37]
Quote HistoryQuoted: Have fun PA fuckers who voted for him. At least GA doesn’t have an oil and gas industry to destroy. All those PA voters use public transit. |
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Posted: 1/21/2021 10:49:13 PM EDT
[#38]
But now we no longer have to see mean tweets from the orange man, so it is all worth it, right?
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Posted: 1/21/2021 10:49:35 PM EDT
[#39]
Quote HistoryQuoted: Where are you getting these 4 year permits? 2 yr permits and those can be renewed for 2 years. Unfortunately, I have seen them pull a permit before. So we don't know what .gov will do. |
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Posted: 1/21/2021 10:56:02 PM EDT
[#40]
Atlas Shrugged...
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Posted: 1/21/2021 11:01:06 PM EDT
[#41]
Quote HistoryQuoted: $4 per gallon here we come! Weeeee! $4 ?! That’s chump change. I wanna see $10/gal. |
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Posted: 1/21/2021 11:03:23 PM EDT
[#42]
Quote HistoryQuoted: We shall rue the day we elected OrangeManBad to POTUS......they hope. Biden was NOT elected to POTUS. The election was stolen by massive vote fraud. |
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Posted: 1/21/2021 11:04:14 PM EDT
[#43]
Quote HistoryQuoted: High gas prices will put the final nail in the coffin for the economy, and most importantly, airlines. If gas is at $4 before summer, we are truly fucked. Bank on it. The quarantine for people arriving into the US will kill tourism to places like Cancun. |
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Posted: 1/21/2021 11:17:55 PM EDT
[#44]
Quote HistoryQuoted: Isn’t there two sides to this? Supply is the other side. Quote HistoryQuoted: Quoted: What y’all are missing is: Prices won’t go up unless demand goes up. Unless people start traveling and do things. Demand won’t go up. IMO he’s virtue signaling to the green crowd of “oh look, I did something!” When in reality he didn’t do shit important to 90% of the industry. The left wants to make him look like the second coming, greatest economic mind in history, etc. for in 4 years they get another win. That won’t happen unless demand comes back. And right now they’re stepping all over themselves still with the covid fears. I think they over played the covid card. People are scared. And he’s not going to be able to win them back. Isn’t there two sides to this? Supply is the other side. Seems to me that price will also go up as the cost of goods +tax goes up. Margin, apparently isn't that high. |
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Posted: 1/21/2021 11:22:28 PM EDT
[#45]
Quote HistoryQuoted: by any chance, do you also know how the Higgs boson works? Quote HistoryQuoted: Quoted: Thats not even remotely how it works with gas prices by any chance, do you also know how the Higgs boson works? Maybe he also knows something about designing and building probes to Mars as well? |
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Posted: 1/21/2021 11:25:09 PM EDT
[#46]
Quote HistoryQuoted: At least he is doing what he said he would do. This. Finally a politician who follows through on his promises. |
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Posted: 1/21/2021 11:26:35 PM EDT
[#47]
Quote HistoryQuoted: When it reaches $8 per gallon, he'll declare a crusade against evil fatcat billionaires price gouging the little guy on gas and move to "nationalize" the oil and gas industry. Then there will be NO GAS, even at $100 a gallon. The govt couldn't run a candy store & if they tried a piece of gum would be $50. |
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Posted: 1/21/2021 11:27:23 PM EDT
[#48]
Quote HistoryQuoted: Then there will be NO GAS, even at $100 a gallon. The govt couldn't run a candy store & if they tried a piece of gum would be $50. I see you're familiar with this story. |
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Posted: 1/21/2021 11:36:38 PM EDT
[#49]
Quote HistoryQuoted: I see you're familiar with this story. Quote HistoryQuoted: Quoted: Then there will be NO GAS, even at $100 a gallon. The govt couldn't run a candy store & if they tried a piece of gum would be $50. I see you're familiar with this story. If I remember correctly, the peanut farmer was pretty good at that. Even # plates one day, odd the next. And around, and around, and around we go. |
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Posted: 1/21/2021 11:37:34 PM EDT
[#50]
Quote HistoryQuoted: When it reaches $8 per gallon, he'll declare a crusade against evil fatcat billionaires price gouging the little guy on gas and move to "nationalize" the oil and gas industry. |
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