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  Fact Checker
Posts: 16572
   
Location: Displaced Iowegian | CJE - 2022-04-14 1:31 PM
NJJ - 2022-04-13 1:45 PM
3canstorun - 2022-04-14 12:25 PM
CJE - 2022-04-14 10:10 AM
NJJ - 2022-04-12 9:11 AM
Mighty Broke - 2022-04-13 7:50 AM
NJJ - 2022-04-12 7:16 PM
run n rate - 2022-04-12 4:38 PM
Isn't that same oil being transported by rail and truck over our roads and thru our lands though?
Yes, it is currently being shipped by ship and railroad. However, there is a distinction between crude oil and tar sands (explained in my prior post), which they wanted to ship through the Keystone XL pipeline.
Pumping that oil is not the best method of transportation. Railroads are better.
Tar sands are a form of bituminous petroleum.
To pump tar-sands oil it must be diluted and pumped at high pressure.
Pumping at high pressure causes heat build-up and increases the problem of leakage in pipelines.
Railroad transportation is better in that the “oil” is heated and loaded into tank cars where it solidifies for transit.
At the receiving end, it is heated to unload.
When the tar-sands oil gets to a port or refiner, it will go to CHINA, not the U.S.
We can pump all the oil we want and there will be no change in the price per barrel, since OPEC sets the price of oil on the world market, NOT America!
Price will continue to rise since Russia supplies about 20% of crude oil on the world market.
No disrespect intended, but that is not actually how the economy works. The futures market controls price---this is why when Biden was elected the prices gradually started going up, even though there was no actual policy change yet. The futures market knew that there would be change---it is quite simple to get prices to come down, all that President Biden has to do is say that the y are " thinking about" ramping up US production and they are going to revisit the Keystone Pipeline---they do not even really have to mean it, but the prices would drop immediately because it would scare the speculators on the Futures Markets.
I will preface this by saying that I retired from the Compliance Dept of a Broker-Dealer so I am well aware of how the "futures" market works. That being said, it is somewhat more complicated than JUST the futures market..... the futures market is the "expected" price down the road but there are many factors rolled into the price of oil ..... GLOBAL supply & demand, weather, natural disasters, war, etc etc etc .... and it STILL boils down that OPEC sets the prices ....NOT the President.
I wonder how many of you were just as outraged in the years of 2007-2008 when the gas and diesel prices SOARED ...... and we had BUSH for a President.....was it HIS fault?
Well since you like to dig up bones ....aka the past well Nancy Pelosi blamed Bush.....Js
And as far as your supply and demand theory...if we increase supply in the USA will that not help the global market...but wait Biden would rather ask anyone but the USA oil producers for more oil....who Biden has helped shutdown since day 1 of his great administration.....
The scariest thing should be the fact that this administration is asking foreign leaders who are known dictators to sell us oil. Venezula and Iraq. And using nuclear weapons as bargaining chips.
Rather then promote US oil.
Should we be asking the oil companies WHY there are over NINE THOUSAND unused approved drilling permits? or WHY they have not increased their productivity?
If you listened to something besides CNN and MSNBC, etc .....you would know the answer....instead of this democratic talking point...
Of course....there went the intelligent conversation ...... | |
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Fact Checker
Posts: 16572
Location: Displaced Iowegian | 3canstorun - 2022-04-14 1:38 PM
As stated by others. Just because there are permits doesn't mean they have 109% go from the government. It means they have a permit. Then they have to do test drilling , environmental studies etc etc. It isn't a get a permit and start. At any point if the studies a show any one thing out of order - like a green, crossed eyed, one legged frog lived there, the government pulls the permit.
So stop using that line and do some research.
You still haven't stated one find thing Biden has done.
The rest of the question (ignored) .... WHY have they NOT increased production ????? | |
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 Hugs to You
Posts: 7550
Location: In The Land of Cotton | NJJ - 2022-04-14 2:50 PM
3canstorun - 2022-04-14 1:38 PM
As stated by others. Just because there are permits doesn't mean they have 109% go from the government. It means they have a permit. Then they have to do test drilling , environmental studies etc etc. It isn't a get a permit and start. At any point if the studies a show any one thing out of order - like a green, crossed eyed, one legged frog lived there, the government pulls the permit.
So stop using that line and do some research.
You still haven't stated one find thing Biden has done.
The rest of the question (ignored) .... WHY have they NOT increased production ?????
That question isn't in the thread title. Read...... | |
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 Guys Just Wanna Have Fun
Posts: 5530
Location: OH | NJJ - 2022-04-14 2:50 PM
3canstorun - 2022-04-14 1:38 PM
As stated by others. Just because there are permits doesn't mean they have 109% go from the government. It means they have a permit. Then they have to do test drilling , environmental studies etc etc. It isn't a get a permit and start. At any point if the studies a show any one thing out of order - like a green, crossed eyed, one legged frog lived there, the government pulls the permit.
So stop using that line and do some research.
You still haven't stated one find thing Biden has done.
The rest of the question (ignored) .... WHY have they NOT increased production ?????
Personally, I think there are multiple factors---it takes time, the 9000 permits is a common thing---this is not new to President Biden, BUT I also believe that the oil companies do not really want to. Think about it---if I can sell one colt for 10,000 bucks or 10 at 1000. I would prefer to sell the one. They are making more, by doing less so I do not think they are in a big hurry to increase production. | |
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Fact Checker
Posts: 16572
Location: Displaced Iowegian | Mighty Broke - 2022-04-14 2:58 PM
NJJ - 2022-04-14 2:50 PM
3canstorun - 2022-04-14 1:38 PM
As stated by others. Just because there are permits doesn't mean they have 109% go from the government. It means they have a permit. Then they have to do test drilling , environmental studies etc etc. It isn't a get a permit and start. At any point if the studies a show any one thing out of order - like a green, crossed eyed, one legged frog lived there, the government pulls the permit.
So stop using that line and do some research.
You still haven't stated one find thing Biden has done.
The rest of the question (ignored) .... WHY have they NOT increased production ?????
Personally, I think there are multiple factors---it takes time, the 9000 permits is a common thing---this is not new to President Biden, BUT I also believe that the oil companies do not really want to. Think about it---if I can sell one colt for 10,000 bucks or 10 at 1000. I would prefer to sell the one. They are making more, by doing less so I do not think they are in a big hurry to increase production.
THAT is the answer ..... greed rules all! | |
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Fact Checker
Posts: 16572
Location: Displaced Iowegian | 3canstorun - 2022-04-14 2:33 PM
NJJ - 2022-04-14 2:50 PM
3canstorun - 2022-04-14 1:38 PM
As stated by others. Just because there are permits doesn't mean they have 109% go from the government. It means they have a permit. Then they have to do test drilling , environmental studies etc etc. It isn't a get a permit and start. At any point if the studies a show any one thing out of order - like a green, crossed eyed, one legged frog lived there, the government pulls the permit.
So stop using that line and do some research.
You still haven't stated one find thing Biden has done.
The rest of the question (ignored) .... WHY have they NOT increased production ?????
That question isn't in the thread title. Read......
LOL ..... BUT you quoted MY post with that question ..... new rule???? We MUST stay on topic .... like THAT is NEVER going to happen here on BHW ...... LOLOLOLOLOLOL !!!! | |
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 BHW Resident Surgeon
Posts: 25351
Location: Bastrop, Texas | CJE - 2022-04-14 1:31 PM
NJJ - 2022-04-13 1:45 PM
3canstorun - 2022-04-14 12:25 PM
CJE - 2022-04-14 10:10 AM
NJJ - 2022-04-12 9:11 AM
Mighty Broke - 2022-04-13 7:50 AM
NJJ - 2022-04-12 7:16 PM
run n rate - 2022-04-12 4:38 PM
Isn't that same oil being transported by rail and truck over our roads and thru our lands though?
Yes, it is currently being shipped by ship and railroad. However, there is a distinction between crude oil and tar sands (explained in my prior post), which they wanted to ship through the Keystone XL pipeline.
Pumping that oil is not the best method of transportation. Railroads are better.
Tar sands are a form of bituminous petroleum.
To pump tar-sands oil it must be diluted and pumped at high pressure.
Pumping at high pressure causes heat build-up and increases the problem of leakage in pipelines.
Railroad transportation is better in that the “oil” is heated and loaded into tank cars where it solidifies for transit.
At the receiving end, it is heated to unload.
When the tar-sands oil gets to a port or refiner, it will go to CHINA, not the U.S.
We can pump all the oil we want and there will be no change in the price per barrel, since OPEC sets the price of oil on the world market, NOT America!
Price will continue to rise since Russia supplies about 20% of crude oil on the world market.
No disrespect intended, but that is not actually how the economy works. The futures market controls price---this is why when Biden was elected the prices gradually started going up, even though there was no actual policy change yet. The futures market knew that there would be change---it is quite simple to get prices to come down, all that President Biden has to do is say that the y are " thinking about" ramping up US production and they are going to revisit the Keystone Pipeline---they do not even really have to mean it, but the prices would drop immediately because it would scare the speculators on the Futures Markets.
I will preface this by saying that I retired from the Compliance Dept of a Broker-Dealer so I am well aware of how the "futures" market works. That being said, it is somewhat more complicated than JUST the futures market..... the futures market is the "expected" price down the road but there are many factors rolled into the price of oil ..... GLOBAL supply & demand, weather, natural disasters, war, etc etc etc .... and it STILL boils down that OPEC sets the prices ....NOT the President.
I wonder how many of you were just as outraged in the years of 2007-2008 when the gas and diesel prices SOARED ...... and we had BUSH for a President.....was it HIS fault?
Well since you like to dig up bones ....aka the past well Nancy Pelosi blamed Bush.....Js
And as far as your supply and demand theory...if we increase supply in the USA will that not help the global market...but wait Biden would rather ask anyone but the USA oil producers for more oil....who Biden has helped shutdown since day 1 of his great administration.....
The scariest thing should be the fact that this administration is asking foreign leaders who are known dictators to sell us oil. Venezula and Iraq. And using nuclear weapons as bargaining chips.
Rather then promote US oil.
Should we be asking the oil companies WHY there are over NINE THOUSAND unused approved drilling permits? or WHY they have not increased their productivity?
If you listened to something besides CNN and MSNBC, etc .....you would know the answer....instead of this democratic talking point...
I was going to say the same thing. People need to realize there is a logical reason why those permits are "unused". Just because a company has a lease doesn't mean there is oil and gas on that tract of land. My understanding is that many times, after a permit is granted, it is determined that it's not worth drilling on that tract. There may not even be recoverable oil or gas on that tract. The administration has paused leasing on federal lands. I believe the Biden administration is required by law to sell oil and gas leases on federal land. Once you determine that there is sufficient oil and gas on a leased tract, you have to go through another permitting process.
The problem now is that there is a leasing moratorium on federal lands.....so I'm a bit confused on that. Here's another seldom mentioned point, but a very important one. Oil and gas companies are EXTREMELY reticent about drilling and exploration given the malignant viscous opposition to oil and gas. There are several videos out there of Joe and Kamala vowing to oppose oil and gas and "wipe them out". Who the hell is going to invest in drilling and exploration with that kind of administration? Would YOU? Of course not. So...guess what.....oil and gas are taking as much profit as they can BECAUSE our president has vowed to wipe them out.
That's a fact, Jack. | |
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Fact Checker
Posts: 16572
Location: Displaced Iowegian | Bear - 2022-04-14 5:58 PM
CJE - 2022-04-14 1:31 PM
NJJ - 2022-04-13 1:45 PM
3canstorun - 2022-04-14 12:25 PM
CJE - 2022-04-14 10:10 AM
NJJ - 2022-04-12 9:11 AM
Mighty Broke - 2022-04-13 7:50 AM
NJJ - 2022-04-12 7:16 PM
run n rate - 2022-04-12 4:38 PM
Isn't that same oil being transported by rail and truck over our roads and thru our lands though?
Yes, it is currently being shipped by ship and railroad. However, there is a distinction between crude oil and tar sands (explained in my prior post), which they wanted to ship through the Keystone XL pipeline.
Pumping that oil is not the best method of transportation. Railroads are better.
Tar sands are a form of bituminous petroleum.
To pump tar-sands oil it must be diluted and pumped at high pressure.
Pumping at high pressure causes heat build-up and increases the problem of leakage in pipelines.
Railroad transportation is better in that the “oil” is heated and loaded into tank cars where it solidifies for transit.
At the receiving end, it is heated to unload.
When the tar-sands oil gets to a port or refiner, it will go to CHINA, not the U.S.
We can pump all the oil we want and there will be no change in the price per barrel, since OPEC sets the price of oil on the world market, NOT America!
Price will continue to rise since Russia supplies about 20% of crude oil on the world market.
No disrespect intended, but that is not actually how the economy works. The futures market controls price---this is why when Biden was elected the prices gradually started going up, even though there was no actual policy change yet. The futures market knew that there would be change---it is quite simple to get prices to come down, all that President Biden has to do is say that the y are " thinking about" ramping up US production and they are going to revisit the Keystone Pipeline---they do not even really have to mean it, but the prices would drop immediately because it would scare the speculators on the Futures Markets.
I will preface this by saying that I retired from the Compliance Dept of a Broker-Dealer so I am well aware of how the "futures" market works. That being said, it is somewhat more complicated than JUST the futures market..... the futures market is the "expected" price down the road but there are many factors rolled into the price of oil ..... GLOBAL supply & demand, weather, natural disasters, war, etc etc etc .... and it STILL boils down that OPEC sets the prices ....NOT the President.
I wonder how many of you were just as outraged in the years of 2007-2008 when the gas and diesel prices SOARED ...... and we had BUSH for a President.....was it HIS fault?
Well since you like to dig up bones ....aka the past well Nancy Pelosi blamed Bush.....Js
And as far as your supply and demand theory...if we increase supply in the USA will that not help the global market...but wait Biden would rather ask anyone but the USA oil producers for more oil....who Biden has helped shutdown since day 1 of his great administration.....
The scariest thing should be the fact that this administration is asking foreign leaders who are known dictators to sell us oil. Venezula and Iraq. And using nuclear weapons as bargaining chips.
Rather then promote US oil.
Should we be asking the oil companies WHY there are over NINE THOUSAND unused approved drilling permits? or WHY they have not increased their productivity?
If you listened to something besides CNN and MSNBC, etc .....you would know the answer....instead of this democratic talking point...
I was going to say the same thing. People need to realize there is a logical reason why those permits are "unused". Just because a company has a lease doesn't mean there is oil and gas on that tract of land. My understanding is that many times, after a permit is granted, it is determined that it's not worth drilling on that tract. There may not even be recoverable oil or gas on that tract. The administration has paused leasing on federal lands. I believe the Biden administration is required by law to sell oil and gas leases on federal land. Once you determine that there is sufficient oil and gas on a leased tract, you have to go through another permitting process.
The problem now is that there is a leasing moratorium on federal lands.....so I'm a bit confused on that. Here's another seldom mentioned point, but a very important one. Oil and gas companies are EXTREMELY reticent about drilling and exploration given the malignant viscous opposition to oil and gas. There are several videos out there of Joe and Kamala vowing to oppose oil and gas and "wipe them out". Who the hell is going to invest in drilling and exploration with that kind of administration? Would YOU? Of course not. So...guess what.....oil and gas are taking as much profit as they can BECAUSE our president has vowed to wipe them out.
That's a fact, Jack.
Another one who has selectively "missed" the second question ...... WHY haven't the oil companies increased their production? | |
| | |
BHW Resident Surgeon
Posts: 25351
Location: Bastrop, Texas | https://www.landman.org/news-and-blog/open-letter-to-president-biden The fact is that the gas and oil industry is producing at a higher level on existing leases on federal lands than in the last 20 years. It takes many years to explore, then develop, then produce. They can't just sh!t oil wells. Also, Norma, you can't blame them for being reluctant to invest billions on exploration and drilling when this administration has vowed to kill their industry.....can you? If Trump was president, they would be investing, drilling, and producing to beat hell.
Edited by Bear 2022-04-14 6:27 PM
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 Famous for Not Complaining
Posts: 8848
Location: Broxton, Ga | NJJ - 2022-04-13 7:13 PM
Bear - 2022-04-14 5:58 PM
CJE - 2022-04-14 1:31 PM
NJJ - 2022-04-13 1:45 PM
3canstorun - 2022-04-14 12:25 PM
CJE - 2022-04-14 10:10 AM
NJJ - 2022-04-12 9:11 AM
Mighty Broke - 2022-04-13 7:50 AM
NJJ - 2022-04-12 7:16 PM
run n rate - 2022-04-12 4:38 PM
Isn't that same oil being transported by rail and truck over our roads and thru our lands though?
Yes, it is currently being shipped by ship and railroad. However, there is a distinction between crude oil and tar sands (explained in my prior post), which they wanted to ship through the Keystone XL pipeline.
Pumping that oil is not the best method of transportation. Railroads are better.
Tar sands are a form of bituminous petroleum.
To pump tar-sands oil it must be diluted and pumped at high pressure.
Pumping at high pressure causes heat build-up and increases the problem of leakage in pipelines.
Railroad transportation is better in that the “oil” is heated and loaded into tank cars where it solidifies for transit.
At the receiving end, it is heated to unload.
When the tar-sands oil gets to a port or refiner, it will go to CHINA, not the U.S.
We can pump all the oil we want and there will be no change in the price per barrel, since OPEC sets the price of oil on the world market, NOT America!
Price will continue to rise since Russia supplies about 20% of crude oil on the world market.
No disrespect intended, but that is not actually how the economy works. The futures market controls price---this is why when Biden was elected the prices gradually started going up, even though there was no actual policy change yet. The futures market knew that there would be change---it is quite simple to get prices to come down, all that President Biden has to do is say that the y are " thinking about" ramping up US production and they are going to revisit the Keystone Pipeline---they do not even really have to mean it, but the prices would drop immediately because it would scare the speculators on the Futures Markets.
I will preface this by saying that I retired from the Compliance Dept of a Broker-Dealer so I am well aware of how the "futures" market works. That being said, it is somewhat more complicated than JUST the futures market..... the futures market is the "expected" price down the road but there are many factors rolled into the price of oil ..... GLOBAL supply & demand, weather, natural disasters, war, etc etc etc .... and it STILL boils down that OPEC sets the prices ....NOT the President.
I wonder how many of you were just as outraged in the years of 2007-2008 when the gas and diesel prices SOARED ...... and we had BUSH for a President.....was it HIS fault?
Well since you like to dig up bones ....aka the past well Nancy Pelosi blamed Bush.....Js
And as far as your supply and demand theory...if we increase supply in the USA will that not help the global market...but wait Biden would rather ask anyone but the USA oil producers for more oil....who Biden has helped shutdown since day 1 of his great administration.....
The scariest thing should be the fact that this administration is asking foreign leaders who are known dictators to sell us oil. Venezula and Iraq. And using nuclear weapons as bargaining chips.
Rather then promote US oil.
Should we be asking the oil companies WHY there are over NINE THOUSAND unused approved drilling permits? or WHY they have not increased their productivity?
If you listened to something besides CNN and MSNBC, etc .....you would know the answer....instead of this democratic talking point...
I was going to say the same thing. People need to realize there is a logical reason why those permits are "unused". Just because a company has a lease doesn't mean there is oil and gas on that tract of land. My understanding is that many times, after a permit is granted, it is determined that it's not worth drilling on that tract. There may not even be recoverable oil or gas on that tract. The administration has paused leasing on federal lands. I believe the Biden administration is required by law to sell oil and gas leases on federal land. Once you determine that there is sufficient oil and gas on a leased tract, you have to go through another permitting process.
The problem now is that there is a leasing moratorium on federal lands.....so I'm a bit confused on that. Here's another seldom mentioned point, but a very important one. Oil and gas companies are EXTREMELY reticent about drilling and exploration given the malignant viscous opposition to oil and gas. There are several videos out there of Joe and Kamala vowing to oppose oil and gas and "wipe them out". Who the hell is going to invest in drilling and exploration with that kind of administration? Would YOU? Of course not. So...guess what.....oil and gas are taking as much profit as they can BECAUSE our president has vowed to wipe them out.
That's a fact, Jack.
Another one who has selectively "missed" the second question ......
WHY haven't the oil companies increased their production?
No its not the answer you are looking for so, you want to blame the oil companies once again......now tell us what Biden has done that is so good...... | |
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BHW Resident Surgeon
Posts: 25351
Location: Bastrop, Texas | Here you can find videos of Biden and Harris vowing to end oil and gas. No wonder they are reluctant to dish out billions for oil that can't be pumped for several years. https://deneenborelli.com/2020/10/video-of-biden-and-harris-vowing-to-end-fossil-fuels-played-at-trump-pennsylvania-rally/ | |
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Famous for Not Complaining
Posts: 8848
Location: Broxton, Ga | Guess this is why we are not getting much feedback on how well Biden is doing... CNN's poll of polls -- an average of the last four national polls of Americans -- pegs Biden's approval at just 39% with 55% disapproving. | |
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Miracle in the Making
Posts: 4013
| there is nothing he has dne thats good nothng and now he get pooped on by a passing bird shakes hand with the air in nc saudia 's have a skit of him and don/t take phone calls those busses of illegals in dc were better dressed than i am i at least know what a woman is speaking of which how does 2 women inmates in a all womens prison get pg by a transgender woman? | |
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Veteran
Posts: 167
| Bear - 2022-04-14 6:23 PM
https://www.landman.org/news-and-blog/open-letter-to-president-biden
The fact is that the gas and oil industry is producing at a higher level on existing leases on federal lands than in the last 20 years.
It takes many years to explore, then develop, then produce. They can't just sh!t oil wells. Also, Norma, you can't blame them for being reluctant to invest billions on exploration and drilling when this administration has vowed to kill their industry.....can you? If Trump was president, they would be investing, drilling, and producing to beat hell.
A lot to this comment. I have heard this several times. Why would anybody invest in uncertainty. That is about as dumb as it gets. | |
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Veteran
Posts: 167
| I can tell you why Biden is so good for other countries, criminals, illegals, social causes but for the life of me I can't find a thing he has done for just plain everyday Americans. It is a shame my raise is lost in the high cost of food and gas and no this is not putin inflation. It started way before then. You know it is bad when CNN says Biden's approval rating is really, really, really bad. OT a bit. Anyone read the Little Red Hen story lately. When I hear democrats talk about greed I think about it.
Edited by Ricki 2022-04-16 9:10 AM
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Famous for Not Complaining
Posts: 8848
Location: Broxton, Ga | vjls - 2022-04-14 3:49 PM
there is nothing he has dne thats good nothng and now he get pooped on by a passing bird shakes hand with the air in nc
saudia 's have a skit of him and don/t take phone calls those busses of illegals in dc were better dressed than i am
i at least know what a woman is speaking of which
how does 2 women inmates in a all womens prison get pg by a transgender woman?
You just can't make that stupid up....... | |
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Hugs to You
Posts: 7550
Location: In The Land of Cotton | CJE - 2022-04-17 2:41 PM
vjls - 2022-04-14 3:49 PM
there is nothing he has dne thats good nothng and now he get pooped on by a passing bird shakes hand with the air in nc
saudia 's have a skit of him and don/t take phone calls those busses of illegals in dc were better dressed than i am
i at least know what a woman is speaking of which
how does 2 women inmates in a all womens prison get pg by a transgender woman?
You just can't make that stupid up.......
Well, at least Apple fell to the liberals. They now have a pregnant man emoji for you to select. | |
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 Miss Laundry Misshap
Posts: 5271
| Why is Biden so good? He's making millions for the a$$holes. They love him. As for the rest, unless you're a slimeball, there is no reason that he should be supported. | |
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 A Somebody to Everybody
Posts: 41354
Location: Under The Big Sky Of Texas | Biden has cause so MANY issues since he came into office and theres no denying it. The Dems keep blaming others for what they did, its always the other pary that caused it they say, they cant accept the fact that the blame falls on them. | |
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 Shipwrecked and Flat Out Zapped
Posts: 16390
Location: DUMPING CATS AND PIGS IN TEXAS :) | I can't even read through all of this crap. Biden has dementia. He can't complete sentences. Someone else is running the country. | |
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Folks on-line