Thanks, President Trump! U.S. becoming world's top oil exporter - IEA

They attack personality because they have no facts that support them.

 

They are as ignorant as the Republicans.. Fracking can be done properly. You trying to turn this into a partisan p*ssing contest?

 

Cool your jets! How is it partisan to observe that Trump will continue supporting fracking while the front-running Democrat candidates are promising to ban it? Don't you have an opinion?

 

China, Russia, Iran, George Soros and others may be using Green Organizations to attempt to devalue the USA petro-dollar so that they have a better chance of getting a higher share of the oil and natural gas reserves in the warming Arctic. I am pretty sure that President Trump will not roll over and play dead and let them accomplish what they want to do.......


https://www.cnbc.com/2018/02/06/russia-and-china-battle-us-in-race-to-control-arctic.html

Russia and China vie to beat the US in the trillion-dollar race to control the Arctic

Investors fear China may "weaponize" its currency in trade fight with U.S.

 

Trump is a moron .. he doesn't know what Fracking is... He's for air and water pollution .. and hasn't a clue what Tillerson or Bolton or Mattis were about .. He doesn't listen to anyone and he doesn't read.

 

Oh, I thought you knew something about the energy industry. Guess I was wrong. Never mind, I don't need your hyper-partisan opinion.

 

Actually it was invented by a fellow named Koch who couldn't sell it to US oil interest so he ask Stalin if he'd like to try it and he did...That was in the early 1930's..

 

so why are we still importing oil?

do we import more then we export?

or are we importing it for cheap and exporting what we import?

let's frack near Trump Mar-a-lago - see if he supports it then

 

You ask a lot of questions without providing answers. Are they simply rhetorical?

Yeah, and let's move a bunch of illegal aliens and MS-13 gang members into Nancy Peolosi's neighborhood and see how long she goes before trying to get all those sparks of divinity arrested and deported.

 

Gasoline could be under $1 a gallon if the government would just get out of the way. Oh and do you know who profits the most from oil? If you answered "the government" you would be correct.

 

there was nothing in the ops post that said, and those are all valid questions, do you know any of the answers?

I am curious as US oil would cost more than foreign oil as labor is cheaper overseas

 

They're all valid questions, are you asking out of ignorance and an inability to find the answers? Because I'll be happy to help you if that's the case.

 

I believe I know the answers, but not sure, I was looking for others to chime in, if you know the answers feel free to try to answer them, if you don't know the answers, feel free to say that too

 

Actually fracking was invented in 1862.

 

Oneupmanship eh?

 

Well, Saudi ARAMCO is the biggest, most well integrated oil company in the world. They manage ALL pipelines for flow rate and pressure from a central location and they can do directional drilling in Shaybah in real time 400 miles away.

Most US wells produce less than 50 barrels a day and use old time rocker pumps.

 

Check me … I wouldn't lie to you.

 

Steady pie, the US has the highest lift costs in the world.

 

Here you go:

so why are we still importing oil?

The United States both imports and exports petroleum (a broad term that includes crude oil and refined products such as gasoline, diesel and jet fuels, and other products; “petroleum” and “oil” are sometimes used interchangeably1) in various quantities depending on cost and demand. Overall, the United States imports more than it exports, making it a net importer of petroleum. In 2017, imports provided 19% of the country’s demand for petroleum.2

Most of the petroleum imported by the U.S. is crude oil (70-80% of total petroleum imports, varying slightly from year to year).3 Because of the country’s extensive refining capabilities, particularly near major ports on the Gulf Coast, refined products have historically made up the vast majority of U.S. petroleum exports.2,3 However, in the last few years, the U.S. has begun exporting a significant quantity of crude oil, due largely to high domestic oil production. In the third quarter of 2018, crude oil accounted for approximately one quarter of all U.S. petroleum exports.​

do we import more then we export?

As of 2018, we're importing about 3 million barrels per day more than we export​

or are we importing it for cheap and exporting what we import?

No, we're importing what we need, and selling what we frack to overseas markets where the prices are higher​

let's frack near Trump Mar-a-lago - see if he supports it then

Yeah, and let's move a bunch of illegal aliens and MS-13 gang members into Nancy Peolosi's neighborhood and see how long she goes before trying to get all those sparks of divinity arrested and deported.​

Extra Credit
The recent increase in domestic oil production, especially since 2010, has had a significant impact on U.S. petroleum imports and exports. From 2005 to 2015, the United States’ reliance on petroleum imports fell from 60% to 25% of total consumption,6 while exports increased by over 300%.3 Since 2015, imports have remained fairly steady at approximately 10 million barrels per day, but exports have continued to increase, from 4.7 million barrels per day in 2015 to 7.6 million barrels per day in early-mid-2018. The Energy Information Administration projects that U.S. import reliance for oil will continue to fall over the coming decade.

 

If you don't believe in science and logic, that's wonderful. So we know where you stand- kill the children for profit.

For less than the price of the Iraq war, we could have transitioned to alternative fuels that not only make OPEC irrelevant, but also stop the emissions of CO2 from petro, for good.

 

yes, Obama did increase offshore drilling, fracking also increased under Obama, I remember that, but I still have to wonder about costs, how can we sell oil for cheaper than we can buy it from overseas? is there an import tax on oil imports?

i get that demand is up, and we are filling that demand, but....

if its cheaper to buy from overseas, why are we not buying more and saving ours for when they run out? why are other countries not buying from countries selling it cheaper?

is it somehow cheaper for other countries to buy our oil as they do not have an import tax on ours, but do other countries?

....so fracking is as bad as living next to ms-13 gang members? You're not making a good case for fracking there

it's like if all of a sudden Americans started buying made in the USA and paying more for the same products, I would ask why, I would get some are doing it for patriotic reasons, but most would buy the cheaper product unless there was a financial reason not too - that is what I am looking for, why are countries willing to pay more for our oil? why are we paying more for our oil and not buying from overseas? Cheaper gas is something we would all like to see....

 

Fracking has just delayed again the inevitable transition to alternative fuels. And now it is all just a matter of a couple of bucks a gallon difference.

Destroy the planet and those not even born yet for 2 bucks a gallon. What a deal!

 

Oh, a Democrat lover of science. They're so rare these days it's like catching sight of a butterfly.

Yes we could all be driving around on solar roads like the one in France that failed miserably. And building wind turbines that "are neither clean nor green and they provide zero global energy". And shelling out gigabucks to pay for climate change hysteria when the latest results from the USCRN installed 15 years ago shows no discernible warming in the US. And buying all-electric cars that aren't so "eco-friendly".

Instead, we spent the money on getting rid of a dictator who wanted to acquire nuclear weapons to use on the West and at the same time gave millions of Iraqis their first taste of freedom. All bonuses on top of killing thousands of Islamic terrorists.

 

YOU CAN THANK PRESIDENT OBAMA!!!!It was he that ended the 40 year ban on exporting crude oil by signing into law the CONSILIDATED APPROPRIATIONS ACT in 2016 and began exporting fracked crude oil!!!Had nothing to do with Dirty Donald!!!

 

I read silly stuff like that and am more able to understand why so many Leftists and Democrats screamed at the sky after Trump won. We're not destroying the planet. Heck, in the United States alone, there are more trees today than there were 100 years ago. Air in the US has improved bigly since the 1970s. And the US leads in cutting CO2 emissions.

So don't weep, things are better than ever.