US to surpass Saudi Arabia & Russia in oil production

Displaced Bama Fan · Jul 9, 2014

So much for Peak Oil.

http://www.foxbusiness.com/industri...ecasts-as-us-set-to-pass-russia-saudi-arabia/

A guy I had lunch with today at Temple told me that Mexico is getting their collective together and is about to become a much bigger player than they already are due to technological advances and the end to the PEMEX monopoly that will open up to private exploration.

bamachile · Jul 10, 2014

Russia has noticed. The Ukraine is not the only region where Putin is maneuvering for oil interests.

How Putin outmaneuvered the US in resupplying the Iraqi military

Little noticed among the disturbing tableau of images coming out of Iraq in recent weeks is a changing of the guard evident at the Baghdad International Airport (BIAP). As the crisis has deepened, U.S. contractors, U.S. Embassy personnel and most of the U.S. service members from the embassy’s Office of Security Cooperation have abandoned the threatened capital. The exodus has coincided with Russian contractors and support personnel pouring into BIAP to help launch the 25 Russian SU-25 warplanes that Moscow is rushing to Iraq in its hour of need.

crimson fan man · Jul 10, 2014

This is very smart of russia. America turns their back on iraq and here comes our heroes. No matter what America has done for them, what have you done for me lately. In their most needed moment who showed up. Also russia is brutal enough to be able to fight the muslims on their level, as animals.

crimsonaudio · Jul 10, 2014

crimson fan man said:
Also russia is brutal enough to be able to fight the muslims on their level, as animals.

That's what people said when the Russians entered Afghanistan.

seebell · Jul 11, 2014

Just think how much oil the US would produce if the Kenyan wasn't holding us back!!

bamachile · Jul 11, 2014

For those wondering why gas prices aren't showing a corresponding drop, you may want to peruse US oil refineries, including the scarcity of new refineries. Refineries are reputedly the market control by which prices are stabilized. The last US refinery with significant capacity was constructed in 1977.

Of course you could also research the ethanol fiasco, if you insist on having high blood pressure and rage issues.

twofbyc · Jul 11, 2014

crimson fan man said:
This is very smart of russia. America turns their back on iraq and here comes our heroes. No matter what America has done for them, what have you done for me lately. In their most needed moment who showed up. Also russia is brutal enough to be able to fight the muslims on their level, as animals.

Sorry but I have to disagree. They couldn't do it in Afghanistan ('memba then?), and they have no more of a skilled and experienced army now than they did then. This is not a war that will ever be won by conventional weapons anyway. Some people are just resistant to learning from experience.

Displaced Bama Fan · Jul 11, 2014

crimsonaudio said:
That's what people said when the Russians entered Afghanistan.

The Russians were brutal enough to subdue them had we not intervened. We should have left well enough alone, now that we know the landscape of the country.

Displaced Bama Fan · Jul 11, 2014

seebell said:
Just think how much oil the US would produce if the Kenyan wasn't holding us back!!

The oil is being produced thanks to technological developments by the "patch" and the reworking of a lot of old oil wells. Also, the Kenyan doesn't have a lot power to stop domestic, land-based drilling such as all the shale plays that are in effect now. He did however, curtail offshore drilling rather significantly for quite some time.

Displaced Bama Fan · Jul 11, 2014

bamachile said:
For those wondering why gas prices aren't showing a corresponding drop, you may want to peruse US oil refineries, including the scarcity of new refineries. Refineries are reputedly the market control by which prices are stabilized. The last US refinery with significant capacity was constructed in 1977.

Of course you could also research the ethanol fiasco, if you insist on having high blood pressure and rage issues.

Ya can't build them when the EPA puts the stranglehold on ya. I think you'll see a few monster refineries being built in Mexico in the next few years by Chevron, Exxon, Shell, BP, Conoco and maybe Valero and a couple of pipelines that funnel the gasoline back to the US. We could probably use some of the existing tunnels at the border to cut down on construction. Instead of cheap Mexican labor, it would then be free for that portion of the pipeline.

crimsonaudio · Jul 11, 2014

Displaced Bama Fan said:
The Russians were brutal enough to subdue them had we not intervened. We should have left well enough alone, now that we know the landscape of the country.

No, they weren't. Certainly the US helped in the fight, but brutality is now how you win the war against an ideal.

Afghanistan isn't called the 'Graveyard of Empires' for nothing...

Displaced Bama Fan · Jul 11, 2014

bamachile said:
For those wondering why gas prices aren't showing a corresponding drop, you may want to peruse US oil refineries, including the scarcity of new refineries. Refineries are reputedly the market control by which prices are stabilized. The last US refinery with significant capacity was constructed in 1977.

Of course you could also research the ethanol fiasco, if you insist on having high blood pressure and rage issues.

The other issue with summer prices is that the EPA requires refineries to blend the gasoline differently depending on the season to help with ozone. Those additives also help drive the price up some. Then depending on which refineries are doing turnarounds and are off line that effects supply and can push the price on the spot market upward. There are lot of variables. The government certainly has not incentivized new construction of refineries and oil companies are trying to run their existing facilities even though some are 50 years old if not older.

bamachile · Jul 11, 2014

crimsonaudio said:
Afghanistan isn't called the 'Graveyard of Empires' for nothing...

Lord Auckland sends his regards...

crimson fan man · Jul 11, 2014

twofbyc said:
Sorry but I have to disagree. They couldn't do it in Afghanistan ('memba then?), and they have no more of a skilled and experienced army now than they did then. This is not a war that will ever be won by conventional weapons anyway. Some people are just resistant to learning from experience.

I didn't say that the russians are better at fighting then us but that they will fight at their level. They don't care if they kill women or children. During the afghanistan conflict they would make toys that the children would pickup and it would just be powerful enough to maim them. That is on the muslim level. America has the power to stop them but is to moral.

TIDE-HSV · Jul 11, 2014

Displaced Bama Fan said:
The Russians were brutal enough to subdue them had we not intervened. We should have left well enough alone, now that we know the landscape of the country.

The Russians were totally defeated and demoralized. Our "intervention" in the form of supplies, etc. made no difference in the outcome at all. It didn't even buy us the good will we hoped it would...

TIDE-HSV · Jul 11, 2014

crimson fan man said:
I didn't say that the russians are better at fighting then us but that they will fight at their level. They don't care if they kill women or children. During the afghanistan conflict they would make toys that the children would pickup and it would just be powerful enough to maim them. That is on the muslim level. America has the power to stop them but is to moral.

It didn't help them at all in Afghanistan, just made the Muslims hate them all the more...

twofbyc · Jul 12, 2014

crimson fan man said:
I didn't say that the russians are better at fighting then us but that they will fight at their level. They don't care if they kill women or children. During the afghanistan conflict they would make toys that the children would pickup and it would just be powerful enough to maim them. That is on the muslim level. America has the power to stop them but is to moral.

Some people just don't get it, historically - you will never defeat ideology with bullets or any kind of violence. History has so many lessons on this that, if you can't see them or won't accept them for what they are, that is your choice. Nothing short of total and complete genocide will ever kill an ethnic/religious ideology. Never has before and there is no evidence of any kind to suggest it ever will.

crimson fan man · Jul 12, 2014

twofbyc said:
Some people just don't get it, historically - you will never defeat ideology with bullets or any kind of violence. History has so many lessons on this that, if you can't see them or won't accept them for what they are, that is your choice. Nothing short of total and complete genocide will ever kill an ethnic/religious ideology. Never has before and there is no evidence of any kind to suggest it ever will.

You have some very good points and I do agree with your post. I just want to bring up a point that the thought on Japan during WWII was we would have a hard time making the Japanese give up because of their ideology and culture. They had the first suicide bombers and a sense in a lot of cases in fighting to the last. Some did give up but so do muslims. At the end they were broken but do understand that the Bomb is not something you face very often or at all. Not trying to argue just bringing up some points.

RammerJammer14 · Jul 12, 2014

crimsonaudio said:
Afghanistan isn't called the 'Graveyard of Empires' for nothing...

Honestly, that cliche is way overused.

crimsonaudio · Jul 12, 2014

RammerJammer14 said:
Honestly, that cliche is way overused.

Perhaps, but there's a reason that it's become a cliché - primarily because it's been historically nearly impossible to take that land.

US to surpass Saudi Arabia & Russia in oil production

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