[billethkid]

I wonder why we don't hear much, anymore, about energy independence.........it was nice while it lasted.

The silent majority just does not seem to be a group that can be sufficiently motivated to do/say something.....until it is too late......

Does anybody care that we almost attained energy/oil independence?

__________________________________________

[OhioBuckeye]

Can’t figure out why we do that? Does anyone know why?

[tvbound]

Originally Posted by nick demis

OPEC is making their decision after consulting with Rusia. What does that tell you about our strength in world affairs.

I'm sure it is just a pure coincidence, that both Russia and Saudi Arabia are wishing for a more sympathetic/sycophantic U.S. and are taking actions that increase their chances of that happening - again.

[Vermilion Villager]

Originally Posted by Stu from NYC

But it is the govt that in many areas sells leases to drill, encourage or discourage is in their power

According to the NASDAQ the United States produces 18.4 million barrels of oil today and uses 18.12 million barrels per day. So the US actually produces more oil than it uses.
According to Stastica a company who measures the number of oil and gas wells currently in production on any given day, the number of gas and oil wells in production today is at an all-time high and 2 times more than it was on January 20, 2021 (384 vs 765).
I trust you know what the significance of that particular day is.

[Stu from NYC]

Originally Posted by billethkid

I wonder why we don't hear much, anymore, about energy independence.........it was nice while it lasted.

The silent majority just does not seem to be a group that can be sufficiently motivated to do/say something.....until it is too late......

Does anybody care that we almost attained energy/oil independence?

__________________________________________

Those of us who were around for gas lines many years ago should remember the days when we had to buy oil from overseas.

[billethkid]

Originally Posted by Vermilion Villager

According to the NASDAQ the United States produces 18.4 million barrels of oil today and uses 18.12 million barrels per day. So the US actually produces more oil than it uses.
According to Stastica a company who measures the number of oil and gas wells currently in production on any given day, the number of gas and oil wells in production today is at an all-time high and 2 times more than it was on January 20, 2021 (384 vs 765).
I trust you know what the significance of that particular day is.

Don't forget to include/exclude the amount of oil the US exports daily

Bloomberg - Are you a robot?

[rsmurano]

That’s right, and we should do what’s best for us too but we’re not.
I heard OPEC is doing this to get back at the WH for tapping into our emergency reserves because this hurt open earnings. Now since we aren’t supposed to tap in to the reserves any longer, OPEC is going to stick it to us.
If we would do things right, we wouldn’t care what OPEC did, but now we are heavily in need of their oil

[dewilson58]

Originally Posted by Vermilion Villager

So the US actually produces more oil than it uses.

Nope

U.S. crude output is expected to rise 940,000 bpd to 12.85 million bpd in 2023, according to the same monthly report from the Energy Information Administration. U.S. total petroleum consumption is due to rise 730,000 bpd to 20.51 million bpd in 2022.

[PugMom]

Originally Posted by dewilson58

Idea: Let's make the USA self-sufficient.

THANK YOU!!

[PugMom]

this is a good thread, let's not have it come down

[Aces4]

Originally Posted by Vermilion Villager

My home is 100% electric and I guarantee the only people that live farther north of the Mason Dixon lines than me are Canadians. In northern Minnesota we get temperatures that are colder than -35°. With electric heat you can get off peak rates. I pay $.05/Kwh. My heating costs are roughly 2/3 of my neighbors who use heating oil or propane.

Try northern Wisconsin! Off peak… so you only heat your home between the hours of 3:00 and 4:00 am?
Get back to me about your “cheap rates” when the whole country is forced on the electrical grid. I also find it difficult to believe your electricity is cheaper than natural gas heat. Hmmm, wonder who is responsible for that.

[Aces4]

Originally Posted by Villages Kahuna

There are replies here suggesting that it’s “the government” that’s responsible for the U.S. not drilling more and becoming self-sufficient. We should be reminded that it’s the private oil companies that do the drilling or fracking. If they could do it profitably, they would!

Why would these companies put more effort and cost into something where efforts are being made to make their industry extinct?

[Vermilion Villager]

Originally Posted by dewilson58

Nope

U.S. crude output is expected to rise 940,000 bpd to 12.85 million bpd in 2023, according to the same monthly report from the Energy Information Administration. U.S. total petroleum consumption is due to rise 730,000 bpd to 20.51 million bpd in 2022.

Hmmmmm.....in your reply I see the words like "expected" and "due". Translation: You have no facts to back up what you're posting… I gave you data directly from the department of energy website.… You give me speculation based on a 5 month old Reuters report from May 10, 2022.( I wonder how I found that out???) Try again when you get some hard verifiable data. I'll wait.

[Aces4]

Originally Posted by dewilson58

Nope

U.S. crude output is expected to rise 940,000 bpd to 12.85 million bpd in 2023, according to the same monthly report from the Energy Information Administration. U.S. total petroleum consumption is due to rise 730,000 bpd to 20.51 million bpd in 2022.

Would that huge increase in consumption be due to the unplanned bulge in the population that is occurring? People need to be able to survive winter conditions in the USA and also personal electricity useage.

[Aces4]

Originally Posted by Vermilion Villager

Hahahaha.......You do realize we have this thing called the In-ter-net that allows us to check fact check posts like yours.
At the time the individual you were referring took office on 1-20-2009 the US was at its lowest oil production since 1947. I'm going to go out on a limb here and assume you know who the president was before 1-20-2009.(hint his brother was the governor of Florida). Since 1-2009 oil production in the US increased in every year until the COVID-19 pandemic which essentially shut the whole economy down.

If you believe that COVID is the only thing that cut US oil production since 2020-2021, I believe you’re not up to date on current events.