A global energy crisis is coming. There's no quick fix

[ChumpDumper]

All the Texas producers are increasing production

If that's true, then the initial tweet from your side was complete bull .

Can't have it both ways.

[Thread]

Texas unwilling to produce any more than it already is.

Cutting off their own & Joe's nose to spite all of our faces. If they increase the pump then Joe benefits, and I'm annoyed.

Don't pumpPERIOD

[Thread]

Texas unwilling to produce any more than it already is.

All the Texas producers are increasing production

C'mon, give me the straight poop!

[BD24]

Honestly if people weren’t such dumb asses/pussies about nuclear energy we wouldn’t be in this spot

[SnakeBoy]

C'mon, give me the straight poop!

They are increasing production slowly. Cash flowing capex, paying legacy debt, providing returns to shareholders, stock buybacks etc. So far they've shown great capital discipline. Barring demand destruction (global recession) WTI will settle around $80-90 in 2023. A global recession would put them back in the hole if they went balls out producing right now. They know that, and they know it's possible.

Still, Joe Biden cancelled the Keystone pipeline. That's a fact.

[ChumpDumper]

boy is explaining, so he admits he's losing

[SnakeBoy]

boy is explaining, so he admits he's losing

I'm not the party in power

[Thread]

They are increasing production slowly. Cash flowing capex, paying legacy debt, providing returns to shareholders, stock buybacks etc. So far they've shown great capital discipline. Barring demand destruction (global recession) WTI will settle around $80-90 in 2023. A global recession would put them back in the hole if they went balls out producing right now. They know that, and they know it's possible.

Still, Joe Biden cancelled the Keystone pipeline. That's a fact.

Texas should not pull Biden's fat outta the fire now. Let-it-burn.

[SnakeBoy]

Texas should not pull Biden's fat outta the fire now. Let-it-burn.

Bottom line, Peepaw is stuck between a rock and a hard place. He's just going to keep getting squeezed and I'm going to enjoy every minute of it.

In other news, I got stopped out of my OXY play today for 100% gain. 2022 is in the bag for me. Until the smoke clears, I'm just sittin' here watchin' the wheels go round and round...I really love to watch them roll.

[Thread]

Bottom line, Peepaw is stuck between a rock and a hard place. He's just going to keep getting squeezed and I'm going to enjoy every minute of it.

In other news, I got stopped out of my OXY play today for 100% gain. 2022 is in the bag for me. Until the smoke clears, I'm just sittin' here watchin' the wheels go round and round...I really love to watch them roll.

It's been nice seeing Biden get deeper and deeper into it.

[CosmicCowboy]

(patiently)

I was not as clear as I could have been, my bad, and apologies. It seems you didn't quite understand the nature of my question.

to re-phrase:

Are all energy products, such as barrels of oil in those pipelines equally efficient in terms of [units of energy to produce]/[units of energy from product]?

Put another way:

Are some barrels of oil less efficient in terms of the amount of energy required to get them out of the ground and turn them into usable energy than other barrels of oil?

You seem to be assuming a false premise that oil is only burned for energy.

[SnakeBoy]

You seem to be assuming a false premise that oil is only burned for energy.

28% is not burned. It's turned into things like electric vehicles and whatnot.

[DMC]

Bottom line, Peepaw is stuck between a rock and a hard place. He's just going to keep getting squeezed and I'm going to enjoy every minute of it.

In other news, I got stopped out of my OXY play today for 100% gain. 2022 is in the bag for me. Until the smoke clears, I'm just sittin' here watchin' the wheels go round and round...I really love to watch them roll.

Careful. Remember what happened to the last one who did that.

[ChumpDumper]

I'm not the party in power

Explaining again.

Loser.

[BackHome]

It will make nuclear finally acceptable in Germany.

Agreed the future should be Nuclear heck I think even Finland is building a Nuclear plant that will produce 14% of there electricity.

[ElNono]

Just buy an EV, you whiny poors

Of course it should motivate us to get away from oil. It's not going to be overnight, but absolutely.

[FuzzyLumpkins]

You seem to be assuming a false premise that oil is only burned for energy.

Natural gas is hardly the only way to isolate N. Nevermind the ing mess making all that ammonia entails.

[RandomGuy]

Explaining again.

Loser.

Well played.

[RandomGuy]

... and that is where nuance sails right over you and MM's heads.

Sure pipelines are efficient at transporting liquids/gases.

Critical thinking question: Are all products in those pipelines equally efficient in terms of [units of energy to produce]/[units of energy from product]?

Of course, water, , gas, oil, etc. all have different units of energy. All transported by pipelines.

What a ing stupid "nuance" from RG.

(patiently)

I was not as clear as I could have been, my bad, and apologies. It seems you didn't quite understand the nature of my question.

to re-phrase:

Are all energy products, such as barrels of oil in those pipelines equally efficient in terms of [units of energy to produce]/[units of energy from product]?

Put another way:

Are some barrels of oil less efficient in terms of the amount of energy required to get them out of the ground and turn them into usable energy than other barrels of oil?

You seem to be assuming a false premise that oil is only burned for energy.

I'm not. A significant percentage goes to the chemical industry for various things. Still, most oil does go to fuel of various types. You already know this, I would wager, and you are being unfair to me, which you also know.

Now that we have established that, let's return to our critical thinking question.

Are some barrels of oil less efficient in terms of the amount of energy required to get them out of the ground and turn them into usable energy than other barrels of oil?

[CosmicCowboy]

I'm not. A significant percentage goes to the chemical industry for various things. Still, most oil does go to fuel of various types. You already know this, I would wager, and you are being unfair to me, which you also know.

Now that we have established that, let's return to our critical thinking question.

Are some barrels of oil less efficient in terms of the amount of energy required to get them out of the ground and turn them into usable energy than other barrels of oil?

Of course. I'm not sure what your point is. Every oil project has a "cost/price per barrel" break even point. If your objection is to tar sands oil specifically I can accept that there can be reservation due to environmental degradation...It's a nasty ass process. Just be intellectually honest about it and don't try to justify it by cost. Same with the people blaming gas prices on keystone not being completed. That's bull . Even if the pipeline was 100% done it wouldn't affect gas prices as that ultra heavy tar sands oil is great for asphalt, shingles, chemical and plastics applications etc. Not so much for gasoline.

[Winehole23]

[Winehole23]

blast from the recent past

[boutons_deux]

Of course it should motivate us to get away from oil. It's not going to be overnight, but absolutely.

because Europeans pay so much for gasoline they have adopted electric cars at a much higher rate than Americans

[boutons_deux]

Remember when trash was encouraging the Saudis to raise the price of oil

[Thread]

Remember when trash was encouraging the Saudis to raise the price of oil

No, all I remember is this...

President Trump: $2.29 a gallon.
MF Biden: $4.29 a gallon.