OPEC cuts production

[Gallipoli]

OPEC, the Saudis and Russia have cut oil production by 2 million barrels per day.

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

Oil prices have fallen to roughly $80 a barrel from more than $120 in early June amid growing fears about the prospect of a global economic recession.

www.cnbc.com

 

[Gallipoli]

Joe Biden begs the Saudis to begin cut production cuts until after the election. They effectively call Biden a liar. This is criminal.

Biden administration asked Saudi Arabia to postpone OPEC decision by a month, Saudis say

Notably, Biden's request would have delayed the decision until after the U.S. midterm elections.

www.cnbc.com

 

[Gallipoli]

Joe Biden releases oil from the strategic petroleum reserve.

Biden announces sale of 15 million barrels of reserve oil

The president said he also plans to refill the Strategic Petroleum Reserve, which is at its lowest level in decades.

www.nbcnews.com

 

[Gallipoli]

The democrats retaliate against Saudi Arabia.

‘Enough is enough’: Dems rage at Saudis over oil cut, vow to block weapons sales

The message comes from Senate Foreign Relations Chair Bob Menendez, who has veto power over foreign arms sales.

www.politico.com

 

[Gallipoli]

If only we could produce more oil. Oh wait. This country is producing 2 million barrels a day less than it was 2 years ago.

 

[Wood Hall]

Actually we are producing more domestic crude oil than at any time since the beginning of the pandemic, and more than at almost any time during the past four years. But never let the facts get in the way of a good rant.

US Crude Oil Production

In depth view into US Crude Oil Production including historical data from 1920 to 2023, charts and stats.

ycharts.com

Meanwhile, oil company profits have skyrocketed.

http://cdn.statcdn.com/Infographic/images/normal/27887.jpeg

But it's the president's fault private industry isn't drilling because it is price-gouging.

You should probably just stick to MTG talking points.

 

[Gallipoli]

Actually we are producing more domestic crude oil than at any time since the beginning of the pandemic, and more than at almost any time during the past four years. But never let the facts get in the way of a good rant

Oh golly gee whiz, you are so right until you look at the chart. The one you cited is much different from this one- showing a five year trend, which shows a drastic decrease in oil production. Using the chart, US oil production is down by 20% from January 2020 to present. There was a huge decline after Joe Biden took office.

US Crude Oil Production

In depth view into US Crude Oil Production including historical data from 1920 to 2023, charts and stats.

ycharts.com

 

[Gallipoli]

http://cdn.statcdn.com/Infographic/images/normal/27887.jpeg

But it's the president's fault private industry isn't drilling because it is price-gouging.
You should probably just stick to MTG talking points.
[/QUOTE]
This is very misleading. It shows a Q2 2022 to Q2 022

 

[Wood Hall]

Oh golly gee whiz, you are so right until you look at the chart. The one you cited is much different from this one- showing a five year trend, which shows a drastic decrease in oil production. Using the chart, US oil production is down by 20% from January 2020 to present. There was a huge decline after Joe Biden took office.

US Crude Oil Production

In depth view into US Crude Oil Production including historical data from 1920 to 2023, charts and stats.

ycharts.com

You might want to check your math there, ace. And your civics. The Fat Orange Cheeto was president in Jan. 2020, and still would be for another year.

Biden took office in Jan., 2021, legally and fairly elected, despite what the Fat Orange Cheeto and his idiot Christian Nationalists still stupidly contend. Oil production for Dec., 2020, the last month of the Cheeto's regime, was 344.85 million barrels. As of July 2022, it was 365.79 million barrels.

Most versed in math would call that an increase, not a 20% decrease.

 

[Gallipoli]

Joe Biden has succeeded in giving the middle east to Russia and Iran. The Saudis have put the nail in the Democrats' coffin.

 

[KE Spider]

Administration's Middle East policy, an Obama throw back, has cost us dearly. Were moving forward with the Abraham Accords, then, whammo, Prez takes us back to playing patty cake with Iran pissing off everyone in the region. Couple that with disastrous pants on fire Afghan withdrawal results in no one in region trusting us.

This Administration is among the more inept policy wise, foreign and domestic, have seen in my lifetime.

 

[Gallipoli]

Administration's Middle East policy, an Obama throw back, has cost us dearly. Were moving forward with the Abraham Accords, then, whammo, Prez takes us back to playing patty cake with Iran pissing off everyone in the region. Couple that with disastrous pants on fire Afghan withdrawal results in no one in region trusting us.

This Administration is among the more inept policy wise, foreign and domestic, have seen in my lifetime.

You are spot on.

 

[Wood Hall]

Unemployment at historic lows. No foreign wars. Infrastructure construction nationwide, GQP house members who voted against the package are begging for aid to build the roads and bridges they voted against funding. And the deficit is down by almost $2 trillion since he took office.

Yeah, bad news everywhere.

Now please explain to me why on earth the Fat Orange Cheeto would have documents containing classified intelligence regarding Iran and China in his Floridian country club basement?

At least you don't deny the election results. That puts you slightly ahead of the rest of the Christian Nationalists.

 

[KE Spider]

You neglected to mention inflation, the border, and a few other critical policy topics.

 

[Gallipoli]

You neglected to mention inflation, the border, and a few other critical policy topics.

Recession, interest rates, gas and oil prices, rampant crime, withdrawal from Afghanistan, appeasement of the Russia's minor incursion, China. But I digress.

 

[Wood Hall]

withdrawal from Afghanistan, appeasement of the Russia's minor incursion, China.

Why are you Christian Nationalists so hepped up about involving us in another war? Iraq wasn't good enough for you? You want us back in Afghanistan, and US troops on the ground in Ukraine? OK, you and the GOP guys who love to strut around wearing camo, with their AR 15s, can volunteer first. Step right up.

What recession are you talking about? The one where the US has one of the the lowest unemployment rates in history?

Oil prices are determined by the private marketplace. I thought you guys were against rules and regulations on private business?

Nice look for the followers of the Far Orange Cheeto. I thought my dad and his fellow soldiers got rid of these guys in 1945.

https://pbs.twimg.com/media/Ffwp1tTX0AY6xab?format=jpg&name=small

 

[KE Spider]

What is a Christian Nationalist?

If it means living by the Golden Rule and loving your Country, I plead guilty. Somehow, you seem to attach some vile, diabolical stereotype to it.

For the sake of our Country, we need to get beyond this.

 

[Wood Hall]

From Christianity Today (a truly left-wing, socialist publication):

"Christian nationalism is the belief that the American nation is defined by Christianity, and that the government should take active steps to keep it that way. Popularly, Christian nationalists assert that America is and must remain a “Christian nation”—not merely as an observation about American history, but as a prescriptive program for what America must continue to be in the future.

Scholars like Samuel Huntington have made a similar argument: that America is defined by its “Anglo-Protestant” past and that we will lose our identity and our freedom if we do not preserve our cultural inheritance.

Christian nationalists do not reject the First Amendment and do not advocate for theocracy, but they do believe that Christianity should enjoy a privileged position in the public square. The term “Christian nationalism,” is relatively new, and its advocates generally do not use it of themselves, but it accurately describes American nationalists who believe American identity is inextricable from Christianity."

And this from the United Methodist Church, another landing place for commie pinko chicom lovers:

What is Christian nationalism?

Christian nationalism identifies the nation with God's will and action in the world.

www.umc.org

Aptly describes about 75% of the Republican Party.

 

[KE Spider]

Historically and culturally fail to see your problem with it. Should we be striving to be something we never were ....perhaps Hindu, Muslim, VooDoo? Your article clearly states, "Christian nationalists do not reject the First Amendment and do not advocate for theocracy',

So what's the beef?

 

[Wood Hall]

Historically and culturally fail to see your problem with it. Should we be striving to be something we never were ....perhaps Hindu, Muslim, VooDoo? Your article clearly states, "Christian nationalists do not reject the First Amendment and do not advocate for theocracy',

So what's the beef?

We are a secular nation. Or are supposed to be.

 

[KE Spider]

Official motto of United States -" in God We Trust".

Rest case.

 

[Gallipoli]

We are a secular nation. Or are supposed to be.

Our founding fathers knew the dangers of having government controlled religion. They saw the religious wars, including the thirty year's war and the inquisition, that were so destructive to humanity. That said, in some fashion they were all committed Christians. The fundamental underpinning of the doctrine of the separation of church and state was the Christian Doctrine of Free Will. Yes, you can choose your own path.

 

[Wood Hall]

Official motto of United States -" in God We Trust".

Rest case.

The de facto motto of the US from the days of the Founding Fathers was E pluribus unum, or "out of many, one." It is on the Presidential, Vice-Presidential, Congressional, House and Senate seals.

It also appears on official documents such as passports, and was on our country's first coinage. The Coinage Act of 1873 made the inscription a requirement of law upon the coins of the United States. E pluribus unum appears on all U.S. coins currently being manufactured.

In God We Trust wasn't adopted until 1956, as a sop to right-wing reactionary politicians still worried that godless communists had infiltrated all levels of our government.

And yes, our Founding Fathers clearly knew the dangers of having religion controlling any aspect of government. Which is why they erected a clear wall of separation between church and state, one the religious right has been chipping away at for centuries.

 

[spiderman]

You might want to check your math there, ace. And your civics. The Fat Orange Cheeto was president in Jan. 2020, and still would be for another year.

Biden took office in Jan., 2021, legally and fairly elected, despite what the Fat Orange Cheeto and his idiot Christian Nationalists still stupidly contend. Oil production for Dec., 2020, the last month of the Cheeto's regime, was 344.85 million barrels. As of July 2022, it was 365.79 million barrels.

Most versed in math would call that an increase, not a 20% decrease.

I hate the left vs right BS. fact is we were producing 400M barrels pre-Covid and we're at 365M barrels now. demand dropped during the shutdown. demand is back. let's pick up the pace!

you can't force everyone to buy Teslas by reducing the supply and increasing the cost of gas. or at least you shouldn't.

 

[urmite]

The de facto motto of the US from the days of the Founding Fathers was E pluribus unum, or "out of many, one." It is on the Presidential, Vice-Presidential, Congressional, House and Senate seals.

It also appears on official documents such as passports, and was on our country's first coinage. The Coinage Act of 1873 made the inscription a requirement of law upon the coins of the United States. E pluribus unum appears on all U.S. coins currently being manufactured.

In God We Trust wasn't adopted until 1956, as a sop to right-wing reactionary politicians still worried that godless communists had infiltrated all levels of our government.

And yes, our Founding Fathers clearly knew the dangers of having religion controlling any aspect of government. Which is why they erected a clear wall of separation between church and state, one the religious right has been chipping away at for centuries.

Actually, didn't coins say "in God we Trust" before 1873? But paper currency didn't until 1957?

Doesn't necessarily change your point, but I collect coins not paper...

 

[Wood Hall]

I hate the left vs right BS. fact is we were producing 400M barrels pre-Covid and we're at 365M barrels now. demand dropped during the shutdown. demand is back. let's pick up the pace!

you can't force everyone to buy Teslas by reducing the supply and increasing the cost of gas. or at least you shouldn't.

I agree. But local, state or Federal governments do not drill for oil, they do not refine oil into gas, they do not leave oil leases fallow. So blaming the "government" for the difference is wrong. "Government" is actually getting more oil into the marketplace by releasing some from the strategic petroleum reserve.

The oil and gas industry needs to get on the stick. But the oil and gas industry loves $100 ppb oil, and $120 ppb oil even more. So it has no incentive to increase production and get more gas into the market.

 

[localspider]

The problem is not solely related to drilling, rather refineries. There are five fewer than 2020 And no new ones built for decades. Based on efforts for green energy there is no desire to bring idle ones online or build new ones. Best estimates are current refineries are producing at 90%, so only expect higher fuel prices.