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Peak oil
WestlinnDuck
Member Posts: 13,934
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
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
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.
That's what I thought.
And some need to get to know @PurpleJ
Now it’s we need to use no oil. Dumb fucks need to fuck off.
Pathetic.
GayBob? Yes.
You? No.
Sad.
Link?