You can't just start drilling and pumping more oil in the U.S. immediately. Sure, you can increase current production by 5% pretty easily, but anything more than that requires additional drilling, pipelines, pumping stations, refinery capacity increases, etc... . It requires money, transportation, logistics and infrastructure. If you want more than a 10% increase in U.S. oil production and start now... it will probably begin to happen by next December at best.
NOBODY will make that level of investment unless the price of oil and gas will remain high. Remember there was a reason why U.S. oil went below $30 / barrel for a long while, then recovered to the mid $40's for 2-years. People are driving less, have more fuel efficient cars and there is less overall demand for gasoline and other fuels now. There is also a reason why some very large refineries have changed ownership. Oil & gas industry is boom & bust. No company is going to invest $Billions... only to watch the Ukraine crisis get resolved in 6-months and oil prices go back to $50 per barrel again and gas to $2.50 per gallon. Unless there is a guarantee of future high prices, no company will spend that kind of money.
You can drill all the oil you want... but there hasn't been a major refinery expansion that I'm aware of in the U.S. for more than a decade. During Trump's 4-years, refineries were able to get permits to upgrade equipment, improve operations and make small expansions. Under Biden... all new permits to do anything came to a screeching halt. A company can spend 3-years and Tens of $Millions applying for permits, and likely get rejected. Petrochemical companies aren't even applying for permits for expansions or improvements, because it's not worth it. So... drill all the oil you want, but you can't supply at a higher rate than the refiners can refine it. That's a bottleneck.
Industry has watched time and time again how projects are nearly completed, $Billions spent... and the government steps in at the last moment and cancels the project. All that money spent and equipment sits there idle due to politics. Exhibit #1 is the Keystone Pipeline. Nearly completed at huge cost... and it's sitting there in the ground doing nothing. Investment wasted. Why would anyone build any new pipelines, develop oil or gas fields, etc... when the government can step in at the last moment and yank away any profit potential. You eat the $Billion cost of developing... and some politician decides you can't use it now.
Don't expect the industry to jump up suddenly and begin spending money to develop oil and gas. Not with Biden / Harris in the White House they won't.
Those aren't road blocks, those a re problems that can be solved. Over night is relative b3cause even though we didn't I ncrease oil refineries we didn't lose any recently since can go t back to cheap oil. Let trump talk to our providers I bet the price of oil drops in a day.
Not when the [they] won't let us. Y'all heard what Psaki said. We have 9,000 permits awaiting. Too bad most of that is for land that's barren of oil/nat gas.
We also have a shit ton of refined petroleum products on reserve but this is more about the fiat currency system than the commodities. In the great reset, money is valued with a fiat system so I am excited to see oil prices going this high, economics has only become an interest of mine in the last decade so that's based on my novice opinion but I read years ago when I was trying to learn what "petro dollar" really meant , (this was around the time of the Iraq war after 911 ) that the petro dollar could withstand gas prices being $8 a gal. at the pump before it would collapse. If that is true you could adjust for inflation and see how high that number is now, or maybe inflation doesn't matter, but seeing Russia drop the petro dollar is a good sign in my opinion, this forces people to use their gold backed rubles to do business with them, for a country with a fiat system to spend rubles, they need to either print more money/create more debt or cough up actual gold or trade actual commodities. This accelerates the fall of the dollar and temporarily increases the value of commodities and in the end stabilizes their values.
Just look at what metals are doing, spot prices have gone up and premiums for silver are around 4-5 bucks per ounce at some of the best places to get it, much more if you go check a local dealer.
Francois Isaac de Rivaz (born in Paris, December 19, 1752; Died in Sion, July 30, 1828) was a Swiss inventor, credited with inventing and constructing the first successful internal combustion engine in 1806. The engine was powered by a mixture of hydrogen and oxygen. The hydrogen gas was contained in a balloon and the ignition was an electrical Volta starter. A year later, Francois Isaac de Rivaz built one of the first automobiles – of course, powered by his new engine.
There are at least 2 TRILLION barrels in the Colorado Rockies alone. This is more oil than the entire worlds proven reserves and every drop ever used, combined. For comparison the Bakken oil shales hold around 20 billion barrels, Saudi holds 268 billion, Russia 80 billion and Venezuela 303 billion.
During the Carboniferous Era, when the bulk of the oil we extract today was formed, the entire Western US was under a shallow sea and swamp. During this Era atmospheric CO2 was 1500ppm compared to 350ppm today. This was ideal for massive plant growth. The conditions were perfect to lay down massive oil fields.
Keep in mind a few things.
You can't just start drilling and pumping more oil in the U.S. immediately. Sure, you can increase current production by 5% pretty easily, but anything more than that requires additional drilling, pipelines, pumping stations, refinery capacity increases, etc... . It requires money, transportation, logistics and infrastructure. If you want more than a 10% increase in U.S. oil production and start now... it will probably begin to happen by next December at best.
NOBODY will make that level of investment unless the price of oil and gas will remain high. Remember there was a reason why U.S. oil went below $30 / barrel for a long while, then recovered to the mid $40's for 2-years. People are driving less, have more fuel efficient cars and there is less overall demand for gasoline and other fuels now. There is also a reason why some very large refineries have changed ownership. Oil & gas industry is boom & bust. No company is going to invest $Billions... only to watch the Ukraine crisis get resolved in 6-months and oil prices go back to $50 per barrel again and gas to $2.50 per gallon. Unless there is a guarantee of future high prices, no company will spend that kind of money.
You can drill all the oil you want... but there hasn't been a major refinery expansion that I'm aware of in the U.S. for more than a decade. During Trump's 4-years, refineries were able to get permits to upgrade equipment, improve operations and make small expansions. Under Biden... all new permits to do anything came to a screeching halt. A company can spend 3-years and Tens of $Millions applying for permits, and likely get rejected. Petrochemical companies aren't even applying for permits for expansions or improvements, because it's not worth it. So... drill all the oil you want, but you can't supply at a higher rate than the refiners can refine it. That's a bottleneck.
Industry has watched time and time again how projects are nearly completed, $Billions spent... and the government steps in at the last moment and cancels the project. All that money spent and equipment sits there idle due to politics. Exhibit #1 is the Keystone Pipeline. Nearly completed at huge cost... and it's sitting there in the ground doing nothing. Investment wasted. Why would anyone build any new pipelines, develop oil or gas fields, etc... when the government can step in at the last moment and yank away any profit potential. You eat the $Billion cost of developing... and some politician decides you can't use it now.
Don't expect the industry to jump up suddenly and begin spending money to develop oil and gas. Not with Biden / Harris in the White House they won't.
Those aren't road blocks, those a re problems that can be solved. Over night is relative b3cause even though we didn't I ncrease oil refineries we didn't lose any recently since can go t back to cheap oil. Let trump talk to our providers I bet the price of oil drops in a day.
Not when the [they] won't let us. Y'all heard what Psaki said. We have 9,000 permits awaiting. Too bad most of that is for land that's barren of oil/nat gas.
She said permits but it turns out rhose are applications nobody will approve.
And even if some permits are signed whondares to invest while Biden is pretender in charge.
Yea natural gas in our cars would be awesome. Fucking 20 years later....
We also have a shit ton of refined petroleum products on reserve but this is more about the fiat currency system than the commodities. In the great reset, money is valued with a fiat system so I am excited to see oil prices going this high, economics has only become an interest of mine in the last decade so that's based on my novice opinion but I read years ago when I was trying to learn what "petro dollar" really meant , (this was around the time of the Iraq war after 911 ) that the petro dollar could withstand gas prices being $8 a gal. at the pump before it would collapse. If that is true you could adjust for inflation and see how high that number is now, or maybe inflation doesn't matter, but seeing Russia drop the petro dollar is a good sign in my opinion, this forces people to use their gold backed rubles to do business with them, for a country with a fiat system to spend rubles, they need to either print more money/create more debt or cough up actual gold or trade actual commodities. This accelerates the fall of the dollar and temporarily increases the value of commodities and in the end stabilizes their values. Just look at what metals are doing, spot prices have gone up and premiums for silver are around 4-5 bucks per ounce at some of the best places to get it, much more if you go check a local dealer.
History of Hydrogen Powered Cars Using Tap Water
They were a success! 1806:
Francois Isaac de Rivaz (born in Paris, December 19, 1752; Died in Sion, July 30, 1828) was a Swiss inventor, credited with inventing and constructing the first successful internal combustion engine in 1806. The engine was powered by a mixture of hydrogen and oxygen. The hydrogen gas was contained in a balloon and the ignition was an electrical Volta starter. A year later, Francois Isaac de Rivaz built one of the first automobiles – of course, powered by his new engine.
NOTE: Gasoline was not used for internal combustion engines until 1870. https://fuel-efficient-vehicles.org/energy-news/?page_id=819
Video of a water powered car from 1974 https://www.bitchute.com/video/VTbTVVWbwMuq/
There are at least 2 TRILLION barrels in the Colorado Rockies alone. This is more oil than the entire worlds proven reserves and every drop ever used, combined. For comparison the Bakken oil shales hold around 20 billion barrels, Saudi holds 268 billion, Russia 80 billion and Venezuela 303 billion.
During the Carboniferous Era, when the bulk of the oil we extract today was formed, the entire Western US was under a shallow sea and swamp. During this Era atmospheric CO2 was 1500ppm compared to 350ppm today. This was ideal for massive plant growth. The conditions were perfect to lay down massive oil fields.
https://www.neogaf.com/threads/us-has-2-trillion-barrel-oil-reserve-under-the-rocky-mountains.220370/
https://www.opednews.com/articles/opedne_jayd_080118_hidden_beneath_the_r.htm
Want to own some good dividend paying stocks, buy pipeline company stocks.
Obviously that isn't part of their plan.