john510 Posted June 9, 2022 Report Share Posted June 9, 2022 Yea sure,that's the reason. Quote Link to comment
Ooph! Posted June 9, 2022 Report Share Posted June 9, 2022 18 minutes ago, bottomwatcher said: If interested in oil prices https://www.rigzone.com/news/wire/worlds_oil_growth_engine_is_about_to_slow-25-may-2022-169114-article/ This will help explain the current situation. The article doesn't make sense, the Shale oil shareholders don't want to subsidize the production and want their share? They always do! Then it claims the price floor needs to be over 60 when the current price is over 100 "Sarcasm Font = ON" they just wont drill the greedy bastards! "Sarcasm Font = OFF" 2 Quote Link to comment
datzenmike Posted June 9, 2022 Report Share Posted June 9, 2022 More money can be made selling less oil for more. 1 Quote Link to comment
Ooph! Posted June 9, 2022 Report Share Posted June 9, 2022 (edited) 34 minutes ago, datzenmike said: More money can be made selling less oil for more. Even more money can be made selling more oil for more Edited June 9, 2022 by Ooph! Quote Link to comment
datzenmike Posted June 9, 2022 Report Share Posted June 9, 2022 Less work to get less oil. Quote Link to comment
bottomwatcher Posted June 9, 2022 Report Share Posted June 9, 2022 11 hours ago, Ooph! said: Even more money can be made selling more oil for more Drill more oil price drops. Exxon stock and the others at at an 8 year high. Demand is nuts even at high prices. Flew from Mississippi to Maine yesterday. Both flights no empty seats and the layover in Charlotte there were way more people than seats at the gates, large numbers left standing. Want food? Forget it, wait in a line for 1/2 hour. https://www.wsj.com/articles/exxons-stock-poised-for-first-record-high-in-eight-years-11654707255 Quote Link to comment
Ooph! Posted June 9, 2022 Report Share Posted June 9, 2022 22 minutes ago, bottomwatcher said: Drill more oil price drops. Exxon stock and the others at at an 8 year high. Demand is nuts even at high prices. Flew from Mississippi to Maine yesterday. Both flights no empty seats and the layover in Charlotte there were way more people than seats at the gates, large numbers left standing. Want food? Forget it, wait in a line for 1/2 hour. https://www.wsj.com/articles/exxons-stock-poised-for-first-record-high-in-eight-years-11654707255 It takes a hell of a lot of drilling just to keep up let alone produce enough to drop the price. OPEC has agreed to make up the supply shortfall of the Russian boycott and yet the price remains high, as you stated there is demand for it, and we still have not gotten to the logic of asking adversarial countries (Venezuela) to increase their production while simultaneously restricting our own. There is enough money there to induce drilling there is no real OPEC type organization amongst them in this country or Canada and speaking of that how much would change if that stupid pipeline were completed? Quote Link to comment
datzenmike Posted June 9, 2022 Report Share Posted June 9, 2022 4 hours ago, Ooph! said: ...... or Canada and speaking of that how much would change if that stupid pipeline were completed? Quote Link to comment
JBoz Posted June 9, 2022 Report Share Posted June 9, 2022 Just joined Ratsun and was intrigued by the topic title. Opened it up and read through a few. I have found my people 😁 Oh, and FJB 2 Quote Link to comment
angliagt Posted June 10, 2022 Report Share Posted June 10, 2022 As the Jimmy Buffett song goes - "We are the people our parents warned us about". 1 Quote Link to comment
bottomwatcher Posted June 10, 2022 Report Share Posted June 10, 2022 1 hour ago, datzenmike said: https://images.app.goo.gl/FSzK8ksyKDAc1B4E6 The keystone pipeline exists, it was the XL section (extra large) that was cancelled. It was just a shortcut. If you look at the map you can see the keystone pipeline connects the Canadian oil's sands to refineries on the coast of the Gulf of Mexico. This was politicized like everything else and wouldn't make much of a difference today. Our real issues are a lack of east west pipelines to get oil from out west to the densely populated east coast. That's why WTI (West Texas Intermediary) crude is less a barrel than Brent crude ( North Sea) which is the world standard. I had spent most of the last month with this view of the Chevron six refinery in pascagoula. Foriegn tankers came in from Saudia Arabia with crude and other foreign ships left overseas with refined product. It doesn't matter where the drilling or processing goes on. Just because oil is drilled or brought to the USA doesn't mean it stays here. Right now for oil prices to drop Russia will have to be added to the mix and believe me the Offshore Gulf of Mexico is hiring for new drilling it just takes a long time to ramp up. 1 Quote Link to comment
bottomwatcher Posted June 10, 2022 Report Share Posted June 10, 2022 (edited) Oh and the platform in the right of the pic is one of two space x has purchased to convert to launching and landing pads. Edited June 10, 2022 by bottomwatcher Spelling Quote Link to comment
thisismatt Posted June 11, 2022 Report Share Posted June 11, 2022 Defecated briefcase amirite? 1 Quote Link to comment
datzenmike Posted June 11, 2022 Report Share Posted June 11, 2022 Poop...... always good for a funny story. Wouldn't collecting it to prevent analysis kind of give away that somethings up? Why not have someone poop for him? Speaking of saving urine and eating shit.... Quote Link to comment
angliagt Posted June 11, 2022 Report Share Posted June 11, 2022 3 hours ago, thisismatt said: I thought everyone did that. 1 Quote Link to comment
datzenmike Posted June 11, 2022 Report Share Posted June 11, 2022 Briefcase full of poos 1 Quote Link to comment
angliagt Posted June 12, 2022 Report Share Posted June 12, 2022 I wish that they'd crawl back under it! 2 Quote Link to comment
john510 Posted June 12, 2022 Report Share Posted June 12, 2022 (edited) On 6/9/2022 at 6:21 PM, bottomwatcher said: https://images.app.goo.gl/FSzK8ksyKDAc1B4E6 The keystone pipeline exists, it was the XL section (extra large) that was cancelled. It was just a shortcut. If you look at the map you can see the keystone pipeline connects the Canadian oil's sands to refineries on the coast of the Gulf of Mexico. This was politicized like everything else and wouldn't make much of a difference today. Our real issues are a lack of east west pipelines to get oil from out west to the densely populated east coast. That's why WTI (West Texas Intermediary) crude is less a barrel than Brent crude ( North Sea) which is the world standard. I had spent most of the last month with this view of the Chevron six refinery in pascagoula. Foriegn tankers came in from Saudia Arabia with crude and other foreign ships left overseas with refined product. It doesn't matter where the drilling or processing goes on. Just because oil is drilled or brought to the USA doesn't mean it stays here. Right now for oil prices to drop Russia will have to be added to the mix and believe me the Offshore Gulf of Mexico is hiring for new drilling it just takes a long time to ramp up. Oh it was "politicized" that's for sure. Biden had it accomplished in about a month. It took that prick about 30 days to get a gallon of gas up a dollar a gallon here in Socal. I'd bet my house if he would have left petroleum policy alone i wouldn't be paying anywhere near 6 bucks a gallon ! Edited June 12, 2022 by john510 3 Quote Link to comment
Duncan Posted June 12, 2022 Report Share Posted June 12, 2022 Couldn't Putin just double flush? Quote Link to comment
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