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US oil, gas output to hit records
Linked In ^ | 11-29-23 | Cate Chapman, Editor at LinkedIn News

Posted on 11/29/2023 9:46:16 AM PST by Paul46360

The U.S. will attend COP28 climate talks this week as it sets new records in the extraction of oil and gas. The federal government is forecasting a surge in the production of the fossil fuels this year, and output is projected to remain high until 2050. The summit opening Thursday in Dubai, meanwhile, is expected to agree on a “phaseout” of the fuels to contain planet-heating emissions. The Biden administration, while passing laws to incentivize clean energy production and curb gases, has also granted drilling leases on public lands.

(Excerpt) Read more at linkedin.com ...


TOPICS: Business/Economy; Culture/Society; Foreign Affairs; News/Current Events
KEYWORDS: gas; oil; output; us
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See link for other articles on this topic..too numerous to post
1 posted on 11/29/2023 9:46:16 AM PST by Paul46360
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To: Paul46360

How can this be? What about “peak oil?”


2 posted on 11/29/2023 9:48:48 AM PST by wildcard_redneck (With the Federal DOJ illegally hounding President Trump he has become the 1st true black president's)
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To: wildcard_redneck

Even the Left gave up on Peak Oil decades ago. That’s why they changed from “Oil can’t save us because we will run out of it” to “Using Oil will kill us.”


3 posted on 11/29/2023 9:53:06 AM PST by SaxxonWoods (Successful People Have a Sense of Gratitude. Unsuccessful People Have a Sense of Entitlement)
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To: Paul46360

2024 elections are fast approaching. Gas prices must come down so Dems can take the credit.


4 posted on 11/29/2023 9:56:10 AM PST by stars & stripes forever (Blessed is the nation whose GOD is the LORD. (Psalm 33:12))
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To: SaxxonWoods
"...Even the Left gave up on Peak Oil decades ago. That’s why they changed from “Oil can’t save us because we will run out of it” to “Using Oil will kill us.”..."

Exactly.

5 posted on 11/29/2023 9:56:57 AM PST by rlmorel ("The stigma for being wrong is gone, as long as you're wrong for the right side." (Clarice Feldman))
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To: Paul46360

Sounds like more gas lighting to me. If it were true, why are we buying oil from Russia?


6 posted on 11/29/2023 9:57:34 AM PST by Robert DeLong
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To: Paul46360

Took the oil industry 3 years to get back to Trump levels who would be 25% higher than this.


7 posted on 11/29/2023 9:58:35 AM PST by bray (You can tell who the Commies fear.)
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To: Paul46360

I wonder if the record production is based on output per lease as opposed to total overall oil output.


8 posted on 11/29/2023 10:00:12 AM PST by CatOwner (Don't expect anyone, even conservatives, to have your back when the SHTF in 2021 and beyond.)
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To: stars & stripes forever

Gas prices around me abt 2.99


9 posted on 11/29/2023 10:01:31 AM PST by Paul46360 (Nuk'em all let GOD sort them out!)
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To: CatOwner

Good question. Statistics never tell the full truth and are easily manipulated.


10 posted on 11/29/2023 10:02:36 AM PST by Magnum44 (...against all enemies, foreign and domestic... )
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To: Paul46360

Look at this graph:
https://www.macrotrends.net/2562/us-crude-oil-production-historical-chart


11 posted on 11/29/2023 10:05:15 AM PST by bray (You can tell who the Commies fear.)
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To: Paul46360
Whitmer deeply saddened. She might as well command the tides to stop rolling in...

WHITMER SIGNS LAWS BANNING FOSSIL FUELS IN MICHIGAN BY 2040

12 posted on 11/29/2023 10:05:23 AM PST by ProtectOurFreedom (“Occupy your mind with good thoughts or your enemy will fill them with bad ones.” ~ Thomas More)
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To: SaxxonWoods
That’s why they changed from “Oil can’t save us because we will run out of it” to “Using Oil will kill us.”

Good observation. It’s that simple, but that never occurred to me before.

13 posted on 11/29/2023 10:12:24 AM PST by ProtectOurFreedom (“Occupy your mind with good thoughts or your enemy will fill them with bad ones.” ~ Thomas More)
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To: stars & stripes forever

2024 elections are fast approaching. Gas prices must come down so Dems can take the credit.


What about grocery and utility prices?


14 posted on 11/29/2023 10:14:03 AM PST by Jane Long (What we were told was a conspiracy theory in ‘20 is now fact. Land of the sheep, home of the knaves)
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To: SaxxonWoods

Hmmm... kind of like, “The Coming Ice Age” to “Globull Warming”, to oops nobody’s buying this so I guess we’ll just call it, “Climate Change”.


15 posted on 11/29/2023 10:14:54 AM PST by Obadiah
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To: bray

Trump years were practically off the charts!


16 posted on 11/29/2023 10:15:01 AM PST by Jane Long (What we were told was a conspiracy theory in ‘20 is now fact. Land of the sheep, home of the knaves)
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To: Paul46360

When they retire the Nuclear Fleet - fossil fuel will have to pick up a huge part of electricity generation.


17 posted on 11/29/2023 10:15:40 AM PST by MMusson
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To: wildcard_redneck

What about the population bomb?
What about acid rain?
What about the ozone?
What about we’re killing all the trees for grocery bags so we must use plastic.
What about plastic bags are now illegal?
What about ethanol will save us?

It’s never, “I follow the science.” It’s really, “I follow the grant funding.”


18 posted on 11/29/2023 10:18:16 AM PST by Obadiah
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To: Paul46360

Always remember, oil wells don’t pump \gasoline\ from the ground.
The prices will go down but the increase is still being throttled by regulation (climate change) such that the crude (before refining) is being exported.

What is the inflow status of the SPR?


19 posted on 11/29/2023 10:18:40 AM PST by Cletus.D.Yokel (When I say "We" I speak of, -not for-, "We the People")
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To: Paul46360

Projected is not the same as actual production.


20 posted on 11/29/2023 10:23:54 AM PST by bray (You can tell who the Commies fear.)
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