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Peak oil
WestlinnDuck
Member Posts: 17,920 
in Tug Tavern
Putin's two biggest concerns are the low price of oil and the US and NATO military. Trump is putting the US in opposition to Putin’s wish list. Odd that reduced US oil and gas production and a severe downsizing of the US military are high on the list for every dem presidential candidate and I’m assuming every leftard here at the Tavern. Feel free to disagree.
https://www.powerlineblog.com/archives/2019/06/have-liberals-ever-been-right-about-anything.php
Have Liberals Ever Been Right About Anything?
Cast your mind back to about 2008 or 2009, when Democrats and the media mocked Sarah Palin for leading the chant “drill, baby, drill” as a remedy for our dependence on foreign oil. All the smartest people—like Obama and John Kerry!—told us that it was impossible for us to “drill our way out” of out oil and natural gas dependency: the U.S. simply didn’t have enough produceable oil and gas reserves, etc.
Well, ten years later where are we? The world’s largest oil and gas producer. We’re now exporting both energy commodities. As recently as 2005 the Department of Energy was still projecting that by 2020 the U.S. would need to import as much as 20 percent of its natural gas needs. So we started building LNG terminals to handle the imports. Handy that turned out to be—now they are serving as export terminals.
Here’s the Bloomberg headline from yesterday:
U.S. Oil and Gas Output Surges the Most Ever for a Single Country
U.S. natural gas and crude oil production increased last year at the fastest pace ever for a single country.
U.S. gas output soared 86 billion cubic meters in 2018, the largest annual increase by any country ever, according to statistics published Tuesday by BP Plc. That’s roughly equivalent to consumption in the U.K., one of the oldest users of the fuel, and almost 40% more than the previous record set by Russia in 2010. And in a twin first, U.S. oil output jumped 2.2 million barrels a day — also the largest amount ever by a single country in a year.
https://www.powerlineblog.com/archives/2019/06/have-liberals-ever-been-right-about-anything.php
Have Liberals Ever Been Right About Anything?
Cast your mind back to about 2008 or 2009, when Democrats and the media mocked Sarah Palin for leading the chant “drill, baby, drill” as a remedy for our dependence on foreign oil. All the smartest people—like Obama and John Kerry!—told us that it was impossible for us to “drill our way out” of out oil and natural gas dependency: the U.S. simply didn’t have enough produceable oil and gas reserves, etc.
Well, ten years later where are we? The world’s largest oil and gas producer. We’re now exporting both energy commodities. As recently as 2005 the Department of Energy was still projecting that by 2020 the U.S. would need to import as much as 20 percent of its natural gas needs. So we started building LNG terminals to handle the imports. Handy that turned out to be—now they are serving as export terminals.
Here’s the Bloomberg headline from yesterday:
U.S. Oil and Gas Output Surges the Most Ever for a Single Country
U.S. natural gas and crude oil production increased last year at the fastest pace ever for a single country.
U.S. gas output soared 86 billion cubic meters in 2018, the largest annual increase by any country ever, according to statistics published Tuesday by BP Plc. That’s roughly equivalent to consumption in the U.K., one of the oldest users of the fuel, and almost 40% more than the previous record set by Russia in 2010. And in a twin first, U.S. oil output jumped 2.2 million barrels a day — also the largest amount ever by a single country in a year.
Comments
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A lot of dumb shit gets said here, but this is right up there. Obama was one of the most pro-oil Presidents of all time and that jump in production is largely due to him.
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Speaking of dumb shit. The jump in production happened in spite of Obama not because of Obama.PurpleJ said:A lot of dumb shit gets said here, but this is right up there. Obama was one of the most pro-oil Presidents of all time and that jump in production is largely due to him.
But I think the other reason President Obama doesn't spend more time beating the drum on this crude oil production surge is that it is readily apparent that it happened despite his administration, and not because of it. President Obama coincidentally happened to enter office just as the shale oil boom in the U.S. was getting started.
In fact, the vast majority of the increase in U.S. oil production occurred on private land. On land that the U.S. government controls, it was a different story. The EIA reported in 2015 that while U.S. oil and gas production overall were surging, production of natural gas on federal lands was declining. Oil production is at about the same level as it was during his first year in office:
https://www.forbes.com/sites/rrapier/2016/01/15/president-obamas-petroleum-legacy/#46377070c10f -
Leftards lie and love to beied to. Barry was wrong when he said we could not drill ourselves to lower energy prices. Which dem presidential candidate supports increased US oil and gas production?
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Yeah, Obama was very "pro-oil"WestlinnDuck said:Leftards lie and love to beied to. Barry was wrong when he said we could not drill ourselves to lower energy prices. Which dem presidential candidate supports increased US oil and gas production?
Obama restricts offshore drilling in latest poke at Trump
that's why he restricted drilling on public lands, and refused to green light Keystone while putting restrictions on off shore oil drilling. Oil production increased on land that Obama had no control over.
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So he didn't do anything to stop it?SFGbob said:
Speaking of dumb shit. The jump in production happened in spite of Obama not because of Obama.PurpleJ said:A lot of dumb shit gets said here, but this is right up there. Obama was one of the most pro-oil Presidents of all time and that jump in production is largely due to him.
But I think the other reason President Obama doesn't spend more time beating the drum on this crude oil production surge is that it is readily apparent that it happened despite his administration, and not because of it. President Obama coincidentally happened to enter office just as the shale oil boom in the U.S. was getting started.
In fact, the vast majority of the increase in U.S. oil production occurred on private land. On land that the U.S. government controls, it was a different story. The EIA reported in 2015 that while U.S. oil and gas production overall were surging, production of natural gas on federal lands was declining. Oil production is at about the same level as it was during his first year in office:
https://www.forbes.com/sites/rrapier/2016/01/15/president-obamas-petroleum-legacy/#46377070c10f
That's what I thought. -
Why didn't he BAN fracking all together? Seems like he has control over that. He needed to DO SOMETHING and he failed us all.SFGbob said:
Yeah, Obama was very "pro-oil"WestlinnDuck said:Leftards lie and love to beied to. Barry was wrong when he said we could not drill ourselves to lower energy prices. Which dem presidential candidate supports increased US oil and gas production?
Obama restricts offshore drilling in latest poke at Trump
that's why he restricted drilling on public lands, and refused to green light Keystone while putting restrictions on off shore oil drilling. Oil production increased on land that Obama had no control over. -
He didn't have the power to stop it and on public lands and off shore drilling he did stop it. He also put restrictions on fracking on public lands that he couldn't impose on state and private land.PurpleJ said:
So he didn't do anything to stop it?SFGbob said:
Speaking of dumb shit. The jump in production happened in spite of Obama not because of Obama.PurpleJ said:A lot of dumb shit gets said here, but this is right up there. Obama was one of the most pro-oil Presidents of all time and that jump in production is largely due to him.
But I think the other reason President Obama doesn't spend more time beating the drum on this crude oil production surge is that it is readily apparent that it happened despite his administration, and not because of it. President Obama coincidentally happened to enter office just as the shale oil boom in the U.S. was getting started.
In fact, the vast majority of the increase in U.S. oil production occurred on private land. On land that the U.S. government controls, it was a different story. The EIA reported in 2015 that while U.S. oil and gas production overall were surging, production of natural gas on federal lands was declining. Oil production is at about the same level as it was during his first year in office:
https://www.forbes.com/sites/rrapier/2016/01/15/president-obamas-petroleum-legacy/#46377070c10f
That's what I thought. -
So he wasn't President of the US at the time? He didn't have a pen and paper and a majority in both houses at one point? Seems like he loved oil but was paying lip service to his base...SFGbob said:
He didn't have the power to stop it and on public lands and off shore drilling he did stop it. He also put restrictions on fracking on public lands that he couldn't impose on state and private land.PurpleJ said:
So he didn't do anything to stop it?SFGbob said:
Speaking of dumb shit. The jump in production happened in spite of Obama not because of Obama.PurpleJ said:A lot of dumb shit gets said here, but this is right up there. Obama was one of the most pro-oil Presidents of all time and that jump in production is largely due to him.
But I think the other reason President Obama doesn't spend more time beating the drum on this crude oil production surge is that it is readily apparent that it happened despite his administration, and not because of it. President Obama coincidentally happened to enter office just as the shale oil boom in the U.S. was getting started.
In fact, the vast majority of the increase in U.S. oil production occurred on private land. On land that the U.S. government controls, it was a different story. The EIA reported in 2015 that while U.S. oil and gas production overall were surging, production of natural gas on federal lands was declining. Oil production is at about the same level as it was during his first year in office:
https://www.forbes.com/sites/rrapier/2016/01/15/president-obamas-petroleum-legacy/#46377070c10f
That's what I thought. -
Who was the idiot about 10 years ago on dawgman or maybe HHB who blathered on about peak oil and it was within a year or so away?
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Noc.MikeDamone said:Who was the idiot about 10 years ago on dawgman or maybe HHB who blathered on about peak oil and it was within a year or so away?
