What is your definition of Energy Independence

No Originally Posted by The_Waco_Kid

Unless you discuss your solar panals efficiency....the probability of me giving a shit about what you think is rather low...

the op is soaking up the attention.

Unless you discuss your solar panals efficiency....the probability of me giving a shit about what you think is rather low... Originally Posted by WTF

i don't have solar panels.


do you have a link to your professor poofter podcast where you lecture about the oil industry and your credentials as a poofter?

the op is soaking up the attention. Originally Posted by winn dixie

I'm saddened by the ignorance of the subject matter by my Trump loving friends.

I'm saddened by the ignorance of the subject matter by my Trump loving friends. Originally Posted by WTF

Originally Posted by The_Waco_Kid

That meme makes me laugh every time

It's impossible to be Energy Independent. Not unless the whole world has unobstructed access to an Energy Source and it's cost to obtain or use is minimal. Originally Posted by Levianon17

Now we're talking!

Realpolitik

https://oilprice.com/Energy/Crude-Oi...nbankable.html

It’s an open secret within energy circles that the eventual death of oil and thermal coal won’t come from environmentalists or even directly from renewable energy, but rather when big banks decide to stop financing it, rendering it ‘unbankable’. And the U.S. oil and gas sector came dangerously close to meeting that fate after Wall Street banks started disavowing oil and gas lending at the height of the ESG (environmental, social, and governance) craze...

...But the lure of those juicy oil and gas dollars amid an energy boom has been proving hard for Wall Street banks to resist, leading to many throwing their ESG pledges out of the window.

One year after Wells Fargo & Co. became one of the last big U.S. banks to make a net-zero promise, the bank has become the biggest fossil fuel lender: Wells Fargo’s 2021 tally in the sector topped $28 billion, racking up $188 billion in oil and gas loans since late 2015. Last year alone, banks organized ~$555 billion of bonds and loans for the oil, gas, and coal sectors.

the op is soaking up the attention. Originally Posted by winn dixie

he takes his 15 minutes of fame any way he can get it

its only a tiny obscure darkened corner of the internet, but he is fulfilled albeit never satisfied

he doesn't care if you like or hate his nonsense, just please please please don't ignore it

Nevergaveitathought and I both have a good bit of experience in the oil and gas business, and as such genuine mutual respect when it comes to what we've been discussing in this thread. Or at least I do for him.

If I recall correctly, you worked for a crude oil transportation company for a year or two, which gives you a better understanding of the midstream oil business than most people. But not a better understanding of the overall oil industry than nevergaveitathought and me. Just as LL and CM are economics gods, nevergaveitathought and I are Black Gold gods (aka Texas Tea gods). Originally Posted by Tiny

tiny, you're a big man

tiny, you're a big man Originally Posted by nevergaveitathought

So are you nevergaveitathought. And a Black Gold god.

.

So are you nevergaveitathought. And a Black Gold god. Originally Posted by Tiny

there's absolutely nothing like a 100 bbl a day well with $100 oil

makes one a demigod of sorts

but keep your head and watch your heart, you're still mortal

tiny, you're a big man Originally Posted by nevergaveitathought

So are you nevergaveitathought. And a Black Gold god. Originally Posted by Tiny

After Jethro Bodine and Jed Clampett finish their lovefest....we'll get back to Realpolitik. How low prices are not always great for all. But I'm sure yall knew that.

Btw Tiny...I was in the industry 14 years....not that that means anything as you two are demonstrating

https://oilprice.com/Energy/Oil-Pric...d-In-2018.html

President Trump has done some good things for the oil industry, but he has a blind spot when it comes to oil prices. He has been vocal about the need to keep oil prices low, even as the U.S. becomes an increasingly important global oil producer.


This would have been an understandable position a dozen years ago, when net imports had reached 14 million barrels per day (BPD). But today, with net imports of crude oil and finished products transitioning into net exports, it’s becoming a different ballgame.

Low oil prices are a threat to the dream of U.S. energy independence, as they reduce the incentive to invest in new oil production. Low oil prices are also a threat to renewable fuels like ethanol, which become less competitive in a low oil price environment.

Related: UBS: Expect $80 Brent Next Year

Most of the states that benefit from high oil prices are states that voted for President Trump: Texas, Oklahoma, North Dakota, Iowa, Pennsylvania. There are a handful of exceptions, such as California and Colorado, but the oil states are mostly Trump country.

However, President Trump has taken actions that have hurt U.S. oil producers.

Why Oil Prices Fell in 2018

This past summer, China had become a major importer of U.S. oil to the tune of 500,000 BPD. But the trade war with China resulted in China halting imports of U.S. oil. This loss of market hurt U.S. oil producers, and helped push inventories higher in the U.S. This further hurt U.S. oil producers by pushing prices down.

But then President Trump also undercut oil producers by waiving sanctions on Iran. Leading up to the implementation of sanctions on Iran that would cut off their oil exports, Trump persuaded Saudi Arabia to begin pumping more oil to compensate for Iran’s pending lost exports.

Then, just before sanctions were set to go into effect, Trump announced that waivers would be given to a number of countries to allow them to continue to import Iranian oil. Among those countries was China, which ironically means U.S. oil producers lost business to Iran as a result of this decision.

max baer jr tried to open a casino outside carson city

he lives on lake tahoe up near zephyr cove

he wanted to use the jethro bodine image but cbs nixed that

altho there is a small casino in carson city already by the name of bodine's

you probably know that already wtf,,,,as you and i have talked about playing at edgewood

best three wood i ever hit in my life was on 18 heading up to the club house, with sand and the lake on the right and sand and that pond on the left...right up the middle 250 yards to within 5 feet of the pin...after duffing my drive.....but the air there is rarified and the ball does go further