Current events discussion

[Buck 5,000+ posts]

 

[ThxOne Premium Member]

I'll say it again. Our oil is too dirty. That means we have to buy foreign oil. Anybody that says that we should use our oil is ill informed. The Keystone pipeline oil is/was scheduled to go overseas because it is dirty. The USA is producing oil at record levels these days.

I am pretty sure you have it wrong. American crude oil is light crude oil and actually fetches a higher prices than heavy crude oil on the market because it yields more gasoline and diesel when refined. If we are refining the oil we are importing then we ARE refining the less desirable (dirty) crude already.

When done smartly we would profit from this and gas prices would also be lower. Right now it is not being done smartly. The profits are obviously going elsewhere to fund specific agendas.

 

[Bobbytwonames 5,000+ posts]

Oil is a global market. We both import and export petroleum depending on what is needed, where it is needed, refining capacity of the markets involved, etc. What I'm more concerned about is that many/most nations with massive oil reserves use that create National Sovereign Wealth Funds. Instead we choose to allow Big Oil to make massive profits; in that sense our oil reserves are treated more like Russia, than many Middle Eastern Countries. It's astonishing how the richest most powerful economy to ever exist refuses to "share the wealth."

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The American Petroleum Institute (API) is the only national trade association that represents all aspects of America’s oil and natural gas industry. Our more than 600 corporate members, from the largest major oil company to the smallest of independents, come from all segments of the industry.

www.api.org

Why doesn't anybody mention Canada? The United States of America is producing a record amount of oil. I guess Biden should be given credit for that.

I am pretty sure you have it wrong. American crude oil is light crude oil and actually fetches a higher prices than heavy crude oil on the market because it yields more gasoline and diesel when refined. If we are refining the oil we are importing then we ARE refining the less desirable (dirty) crude already.

When done smartly we would profit from this and gas prices would also be lower. Right now it is not being done smartly. The profits are obviously going elsewhere to fund specific agendas.

I know you won't read it. I still try.

 

[ThxOne Premium Member]

Why doesn't anybody mention Canada? The United is producing a record amount of oil. I guess Biden should be given credit for that.View attachment 58407


I know you won't read it. I still try.

Nobody is talking about the keystone pipeline.

We know the United States is producing record numbers of crude and it is all being sold off. We are selling off what, 20+Billion barrels a day when the United States uses about 18B barrels a day so that is a negative 2+ billion barrels. At that point we have no choice but to be dependent on other countries regardless of cost. That is the point, if this government wasn't selling off all our oil things would be different.

 

[spokey9 5,000+ posts]

Why doesn't anybody mention Canada? The United is producing a record amount of oil. I guess Biden should be given credit for that.View attachment 58407


I know you won't read it. I still try.

We producing crude we aren't able to refine...I guess biden can accept some of that blame since you wanna give him credit for the production...right

 

[Bobbytwonames 5,000+ posts]

We producing crude we aren't able to refine...I guess biden can accept some of that blame since you wanna give him credit for the production...right

You can tell @Thxabout selling our oil because the United States of America can't refine it. We can blame Biden if you wish. Let's just all admit that he's producing more oil than Trump ever did.

 

[ThxOne Premium Member]

You can tell @Thxabout selling our oil because the United States of America can't refine it. We can blame Biden if you wish. Let's just all admit that he's producing more oil than Trump ever did.

124 active oil refineries in the United States currently. The last refinery build in the United States was in 2021 and began operating in 2022.

 

[Jimi77 Premium Member]

Why doesn't anybody mention Canada? The United States of America is producing a record amount of oil. I guess Biden should be given credit for that.View attachment 58407


I know you won't read it. I still try.

I've mentioned that US is producing record amounts of oil several times on this website.

 

[ThxOne Premium Member]

I did mention Canada, several days ago and who is denying that America is producing a bunch of oil? How about talking about how it isn't helping us in anyway producing these record numbers.

 

[Jimi77 Premium Member]

We producing crude we aren't able to refine...I guess biden can accept some of that blame since you wanna give him credit for the production...right

What difference does that make? Big oil exports whatever crude we can't refine to someplace that can refine it. IIRC, we're one of the bigger exporters of refined petro products. If Big Oil really wanted more refining capacity, they'd have it; big business always gets its way. Big Oil probably prefers to refine locally in other countries with laxer regulation, lower labor and construction costs, etc. If Big Oil really wanted to build new refineries, they'd bribe whoever needed to be bribed.

 

[Jeremy1971]

Yet again, Trump hinting he's not a big fan of our constitutional style of gov't.

https://www.washingtonpost.com/elections/2024/01/06/donald-trump-loyalty-pledge/

Why is this shit in our forum?!?! I get enough of woke crap from the media. I come here to relax, not hear whining about Trump!!!

 

[spokey9 5,000+ posts]

Let's just all admit that he's producing more oil than Trump ever did.

Oil we can't use...so no matter how much we drill...we're still dependent on unfriendly at best nations...

Nobody gets credit until some permits are granted for refineries so we can use domestic crude

 

[spokey9 5,000+ posts]

If Big Oil really wanted more refining capacity, they'd have it

It's almost impossible to get through the permitting process for one then permits getting canceled on political whims (i.e. Keystone) then add in constant court cases fighting a potential permit...yeah they can build refineries

So no matter what we drill...we're as dependent as ever on unfriendly at best nations for our energy needs...no way that'll ever bite us in the azz...

 

[Bobbytwonames 5,000+ posts]

124 active oil refineries in the United States currently. The last refinery build in the United States was in 2021 and began operating in 2022.

After Biden took office? And we still can't refine all of our own oil.

 

[Bobbytwonames 5,000+ posts]

Oil we can't use...so no matter how much we drill...we're still dependent on unfriendly at best nations...

Nobody gets credit until some permits are granted for refineries so we can use domestic crude

How many permits does it take?