Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
seahorse3 wrote:Pops at the 3 minute mark he says at least two times that there won't be a "glut" in oil production as there has been with NG.
SeaGypsy wrote:Only a fool would say the USA is going to become oil independent in this era. Post collapse is another story which nobody knows. The porking of tight oil plays is probably the least worrying thing going on in US oil politics. The influence on US international actions is far more concerning and dangerous, but what you don't know won't hurt you (until it runs you over).
What popped up?Subjectivist wrote:Well this popped up today and it makes amusing reading.
vtsnowedin wrote:What popped up?Subjectivist wrote:Well this popped up today and it makes amusing reading.
Subjectivist wrote:vtsnowedin wrote:What popped up?Subjectivist wrote:Well this popped up today and it makes amusing reading.
This thread predicting there will never be a glut in American oil production.
vtsnowedin wrote:Subjectivist wrote:vtsnowedin wrote:What popped up?Subjectivist wrote:Well this popped up today and it makes amusing reading.
This thread predicting there will never be a glut in American oil production.
Considering we had to import 8.2 million barrels of oil a day last week to meet demand what glut would you be talking about?
That would be a world oil glut not a north American one. That we are importing and storing the excess because we have the tanks and the money to do so and the fact they are keeping everything topped off shows that there is confidence that prices will rise sometime in the near future.AdamB wrote:The one filling up all the tanks, barrels, rail cars, bathtubs, and plastic jugs that are needed to hold all the stuff they can't find normal storage for.
........
diemos wrote:glut (n.)
definition: (producer's version) lower prices for crude oil than my cost of production.
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