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OPEC+ to cut oil production by 2 million barrels per day to shore up prices, defying U.S. pressure

Discussion in 'Current Events' started by Bearack, Oct 5, 2022.

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  1. grapeape

    grapeape Well-Known Member Past Donor

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    grapeape, Oct 8, 2022
    #76
  2. Bluesguy

    Bluesguy Well-Known Member Donor

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    Why are we down to just 5000? Did you look at the historical numbers I posted?

    How many have proven reserves?
     
    Bluesguy, Oct 9, 2022
    #77
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  3. notme

    notme Well-Known Member

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    sure sure....
     
    notme, Oct 9, 2022
    #78
  4. grapeape

    grapeape Well-Known Member Past Donor

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    So now its “just 5000”………….FFS, you righties are shameless

    Well, you have to drill into a reserved to determine its reserves. You can use that in conjunction with other data, but the base drilling is a required function of that determination
     
    grapeape, Oct 10, 2022
    #79
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  5. Bluesguy

    Bluesguy Well-Known Member Donor

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    Yes you keep harping that Biden is doing a great job because there are FIVE THOUSANDS leases out there..........................I asked the salient question why so LOW, historically LOW. How does that increase production HERE.
     
    Bluesguy, Oct 10, 2022
    #80
  6. grapeape

    grapeape Well-Known Member Past Donor

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    NO, I said YOU are wrong to think that not having that land leased is in any way effecting gas prices.

    Why so “low”…..ever hear of supply and demand ?
     
    grapeape, Oct 10, 2022
    #81
  7. Bluesguy

    Bluesguy Well-Known Member Donor

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    You are claiming supply and demand is the reason Biden only has 5000 open oil leases........ROFLMAO...........REALLY??? You seen the price lately?

    Your post get more absurd the further this goes.
     
    Bluesguy, Oct 10, 2022
    #82
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  8. grapeape

    grapeape Well-Known Member Past Donor

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    JFC man…….your being beyond obtuse…….

    There are 5000 UNUSED leases that are already purchased by private entities. If they have that many then WTF do they need more ? They haven’t event tried the 5000 they have.

    So tell us oh wise one, how many leases should the oil companies have, and how many should they be sitting on and not drilling? What is that exact number because YOU are the one claiming that those leases are the cause of gas prices
     
    grapeape, Oct 10, 2022
    #83
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  9. Bluesguy

    Bluesguy Well-Known Member Donor

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    YES and YOU are beyond obtuse I gave you the history of how many it takes to keep our product sustained at the levels pre-COVID and where they need to be NOW. Why are we down to a paltry 5000? Answer me that.
     
    Bluesguy, Oct 10, 2022
    #84
  10. Nemesis

    Nemesis Well-Known Member

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    There should be more, uh, leases because, err, that's a RW talking point. And they need more ridiculous and untrue claims to yammer on about.

    Only 35% of leases are in production. This is a terrible argument by the RW.

    And the claim that Biden is to blame for OPEC lowering production is rank stupidity.
     
    Last edited: Oct 10, 2022
    Nemesis, Oct 10, 2022
    #85
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  11. Irrational thinker

    Irrational thinker Well-Known Member

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    Lol..yet Democrats having no problem crediting Biden when gas prices lowered by a nickel or dime two months ago. In fact, CNN made an ass out of themselves saying America just got a $100 raise.
     
    Irrational thinker, Oct 10, 2022
    #86
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  12. Nemesis

    Nemesis Well-Known Member

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    I know better than to "give credit" to politicians who have little ability to influence things like gas prices just because they're in office.

    This is in sharp contrast to the hillbilly portion of the GOP who gave credit to Bonespurs for the economy.
     
    Nemesis, Oct 10, 2022
    #87
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  13. doombug

    doombug Well-Known Member

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    LOL! You mean you only come to that conclusion when you support the Bozo in office who is crashing the economy.
     
    doombug, Oct 10, 2022
    #88
  14. Irrational thinker

    Irrational thinker Well-Known Member

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    Because he did. Didn't your side tell us if Trump wins in 2016, the economy would crash? You are free to look up news commentators for the comments, especially Rachel Madcow.
     
    Last edited: Oct 10, 2022
    Irrational thinker, Oct 10, 2022
    #89
  15. perotista

    perotista Well-Known Member Past Donor

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    It has always been my opinion that this nation should be striving for energy independence or being self-sufficient. Canceling pipelines, leases, prohibiting drilling isn’t the way to do it. Although that is what the Democratic base wants or wanted. We shouldn’t have to go to Saudi Arabia or OPEC with hat in hand begging. But this is what Biden and company choose to do. The more dependent we are on foreign oil, energy, the greater chance we are of getting involved in another war over there.


    Don’t get me wrong, I voted for Biden. I’d do it again if he faces Trump. But he’s wrong here.
     
    perotista, Oct 10, 2022
    #90
  16. grapeape

    grapeape Well-Known Member Past Donor

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    5000 UNUSED!!!!

    How many are actively drilling, and what is their daily production ?

    JFC….the number of unused leases matter ZERO to production.
     
    grapeape, Oct 12, 2022
    #91
  17. TheTruthHurts

    TheTruthHurts Newly Registered

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    He will too!!

    Worst part is some will actually believe the senile worthless POS.
     
    TheTruthHurts, Oct 12, 2022
    #92
  18. Bluesguy

    Bluesguy Well-Known Member Donor

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    Why only 5000 when we would normally have 4 yo 5 times that being developed for future production? It doesn't happen over night and some of those they may not be able to get permitted to do so and the infrastructure in place for years. JFC read the numbers I gave you and stop with the 5000 lease canard.
     
    Bluesguy, Oct 12, 2022
    #93
  19. jcarlilesiu

    jcarlilesiu Well-Known Member Past Donor

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    To attempt to reduce prices to try to win an election.

    Unreal.
     
    jcarlilesiu, Oct 12, 2022
    #94
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  20. Independent4ever

    Independent4ever Well-Known Member

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    Independent4ever, Oct 12, 2022
    #95
  21. Irrational thinker

    Irrational thinker Well-Known Member

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    Irrational thinker, Oct 12, 2022
    #96
  22. grapeape

    grapeape Well-Known Member Past Donor

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    The NUMBER of leases has absolutely nothing to do with the amount they PRODUCE. Your arguing something your know nothing about.
     
    grapeape, Oct 12, 2022
    #97
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  23. Bluesguy

    Bluesguy Well-Known Member Donor

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    OF COURSE IT HAS TO DO WITH HOW MUCH WE PUMP OUT.

    YOU are the one claiming they are a factor and I showed you we are at historic lows of the number that are being explored.
     
    Bluesguy, Oct 13, 2022
    #98
  24. grapeape

    grapeape Well-Known Member Past Donor

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    Dear god man. It’s not the NUMBER of wells, its the production of the wells in use. Do you think that the oil companies just put rigs in everywhere so they can pump more and more oil every day ? Thank you for showing that you know nothing about oil, nothing about the business of oil, and nothing about the government leases

    Have a nice day
     
    grapeape, Oct 13, 2022
    #99
  25. Bluesguy

    Bluesguy Well-Known Member Donor

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    So when you can't debate on the facts go for the personal invective as usual. Again why are the number of leases at such LOWS.
     
    Bluesguy, Oct 14, 2022
    #100
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