Posted on 03/03/2022 9:12:28 AM PST by Leaning Right
Addressing Russia’s invasion of Ukraine, Sen. John Hoeven (R-ND) said on Wednesday that without President Joe Biden’s restrictions, his state alone can ramp up oil production to make up for most of the U.S.’s oil import from Russia.
(Excerpt) Read more at ussanews.com ...
Yup—the number one threat to US national security is in Washington DC right now.
Russia is exporting oil.
The US is importing oil.
This is a disaster—and must be fixed ASAP.
I like his optimism
But not sure what Slojoe restrictions are causing North Dakota to nit oumo 585000 barrels a day
So can Texas, Pennsylvania and a dozen other states.
Biden&Co are causing this mess. I lay it square on them.
My state can provide the coal and natural gas and it’s still producing oil. (Pennsylvania). My county was once referred to as the kilowatt capitol. Now, one of its three coal-fired generating plants will be closed in 2023 and hundreds put out of work.
More idiocy brought to you by AOC and the morons in the Democrat party.
The left doesn’t want any drilling. Even THEY know that solar/wind doesn’t work. They want us to adjust to their policy outcomes so that we always look to them for ongoing solutions to issues that will come up more often. Its will be something new and different each time. Covid saved Biden. Sandy save the Kenyan over Mittens. Less drilling = more opportunity. All they have to do is say nobody saw this coming.
You are right.
I just asked what restrictions were preventing North Dakota from pumping 595000 barrels a day
Wait a minute. Accuracy is everything.
The Bakken is a place where oil wells are drilled and fracked, produce about 1000 barrels/day on Day 1, and that output is down at least 50% by the end of that year.
So you frantically drill another, and another, and another. You are running up a down escalator, and the more wells there are in decline (and they ALL decline, it’s the nature of fracked oil), the faster you have to sprint.
If you hesitate at all, as was done the past couple of years due to Covid erasing consumption, then you are FAR down that escalator by the time you decide to start sprinting again.
Russia sends the US 500K bpd. That’s 2.5% of domestic consumption. Not huge. Not insignificant. If there is 500K of demand and it can’t be supplied, the price need not go up. Someone is just flat out not getting an order filled, and if it’s a truck that was hauling food, someone doesn’t eat.
So, North Dakota and the Bakken. About 1 million bpd. It’s dropped 300-400K since Covid erased consumption. They can ramp up the frantic drilling (much more frantic now since the sweet spots have been emptied the past 10 yrs) and maybe reach 500K, but . . . it just won’t last. They, like everywhere, is going empty.
The USA (and especially Canada) have huge oil resources
At <$50/barrel, the US Shale Industry was losing huge amounts of money and destroying capital. I believe the collective losses from 2014-2020 were something like $200 billion. Low oil prices during that period were a gift to drivers and consumers, from oil company shareholders and the Federal Reserve, who allowed over-expansion with very cheap money.
So the notion that we can “crash” prices to hurt Russia is nonsense.
At $100/barrel, US shale oil companies will do quite well, and will start to drill again, even with Biden pushing asinine green policies.
The problem is - so will Russia.
Solar panels going up everywhere everywhere everywhere.
That's why we're bringing in millions of third world mongrels and giving them cars, houses, food stamps, free medical.
That's why the Traitor In Chief is spending billions to buy a product we already have.
This nefarious plan is positively demonic.
I don’t know if you meant you are pro solar.
It doesn’t matter if you are or not.
Solar does not move food to store shelves. Trucks powered by diesel do that, because only diesel has the muscle to push a truck 300 miles while running the refrigeration in the back.
Electric truck silliness, stopping to recharge overnight after 50 miles . . . oh well
The sun’s rays are like welfare to these people-free. Illusion of no cost. Wanna bet? Collecting on the bet will take awhile. Are lefties good on their commitments?
Biden and his handlers are just paying Russia for past help and future favors.
I agree wholeheartedly. When the Dims force utilities to shut down coal plants and replace them with solar farms, power bills go up for less dependable power (Exhibit A: California, Exhibit B: Texas).
Even I see that, and I put solar onto my house. That's because if you do it as a free American citizen with your money for your consumption, you're more liable to make sure it's efficient and pays off in the long run than when the Dims do it with other people's money to "help" you. If I could drill/mine/refine my own coal, oil, and/or natural gas I would because those are very efficient. But I can't, so I got around my ever-increasing utility bills by going solar. It provided over half the power I needed last year for my two-story now all-electric house. Judging from last year's performance, and assuming a 3% inflation rate on energy prices, it'll pay for itself in about the 10th year, including paying the interest on the HELOC I took out to pay for it.
As I move into retirement the home energy portion of my budget won't keep increasing at sky high percentages. That is the only redeeming quality of going solar. Home energy cost inflation is one less thing the Dims can use to control my family's lifestyle.
Bottom line, there needs to be massive political pressure on Brandon to lift all energy production restrictions.
Take a look at Putin’s bulging US petrodollar wallet. Not only is Putin replacing the Bakken oil our regime is taking off the market, he is selling it at $112 a barrel!
I have not heard this from anyone else. In fact, I hear the opposite: once hydraulic fracturing takes place, the oil is free to be pumped. Don't pump it, and it stays put because of that nature of the formation that had to be fractured to set it loose in the first place. They aren't drilling many wells in the Bakken right now because the infrastructure to transport and refine the oil and gas is the limiting factor.
Someone else would buy it anyway, it’s all just a show.
Secondly, the EPA and activist federal judges are doing everything they can to make the transport and refinement of oil expensive if not impossible.
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