Because apparently in the USA a President can only be impeached if he calls the President of the Ukraine.
Posted on 05/29/2022 1:40:18 PM PDT by MinorityRepublican
Texas oilman Jason Herrick is scrambling to pump more oil, chasing the promise of profit as oil prices soar.
But despite his best efforts, he suspects output from his family-owned company will fall this year, for the third year in a row.
It's been years since his Pantera Energy has invested in new production, after money dried up when energy prices plunged - famously dropping below zero at one point - early in the pandemic.
Now, like many other firms across the US and global economy, he's facing major delays as he hunts for supplies and staff to make the projects happen.
"Our job is to try to produce as much as we can and we've done that," he says. "We just are so behind and we're having a difficult time catching up."
It's just one of the signs coming from the US - the world's biggest oil and gas producer - that the high energy prices hitting households may be here to stay.
Since the start of 2021, prices for oil and gas have jumped roughly two-fold or more, as demand roars back from the shock of 2020 Covid lockdowns.
The war in Ukraine, which has pushed countries in the West to shun Russian energy supplies, has only sharpened their climb.
As the market heats up, forecasts suggest US production will increase by about one million barrels per day this year.
But that's less than 10%, not enough to meet the rise in demand - and a far cry from the response the last time prices were this high, in 2014, when US oil output jumped 20% and the fracking revolution was in high gear.
(Excerpt) Read more at bbc.com ...
Demand is there. The problem is that in a downturn rigs get stacked or even retired. Experienced personnel get laid off and get other jobs. It’s impossible to just start back up immediately.
Because the demoncrats are in charge.
“Because the demoncrats are in charge.”
Short and 100% correct.
We should have been building nuclear plants since the oil shock of the 1970’s.
Because the demoncrats are in charge.”
As is often the case the simplest answer is the correct one.
Because apparently in the USA a President can only be impeached if he calls the President of the Ukraine.
“Why can’t the US stop soaring oil and gas prices?”
Maybe because prices are set by the market, not by the government.
prices are established through an auction process ... the supply was reduced so the demand side is fighting for the reduced supply ...
A better question might be how Trump made it all look so easy.
I said, at the time, that only Trump’s MAGA had a prayer of getting us out of the COVID lockdowns without destruction of the US dollar and economy.
DING DING DING..we have a winner!!!
Any presidential administration that does not make energy self-sufficiency a number one priority, should be regarded as an enemy of the people.
What's your solution?
They have much safer designs now with a lot more redundancy.
Including designs that shut down automatically no matter what failures occur in the control or cooling systems.
but we could flood the market, we just won’t
Rig count is 721, up from 244 in the middle of 2020. Pre-covid was 790.
The Russian fiance head said they expect to lose 8% of their production this year.
^^^This! When Biden shut down the Keystone and drilling permits and/or made them harder to get, all those small energy companies that had offices in those strip malls are now gone. It will take some time to start them up again.
The incident at three mile island was an engineering success
the problem was identified and stopped
The climate change “movement” is in desperate need of being flushed.
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