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Online basedgod  
#1 Posted : Sunday, November 27, 2016 8:57:49 PM(UTC)
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Offline Zinc  
#2 Posted : Sunday, November 27, 2016 8:58:09 PM(UTC)
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THANKS OBAMA
thanks 1 user thanked Zinc for this useful post.
Online easton104  
#3 Posted : Sunday, November 27, 2016 9:01:04 PM(UTC)
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we have our worked cut out for us in the palm oil sector
[img=http://image.slidesharecdn.com/2015globalpalmoilproductionbycountry-160824132411/95/2015-global-palm-oil-production-by-country-1-638.jpg.[/img]
Online easton104  
#4 Posted : Sunday, November 27, 2016 9:01:12 PM(UTC)
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fuck
Online easton104  
#5 Posted : Sunday, November 27, 2016 9:01:54 PM(UTC)
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also, I think the term production might be misleading
Online easton104  
#6 Posted : Sunday, November 27, 2016 9:04:10 PM(UTC)
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is that the manufacture of crude oil or actually drilling a hole and draining it?
Offline pootie  
#7 Posted : Sunday, November 27, 2016 9:09:54 PM(UTC)
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Originally Posted by: easton104 Go to Quoted Post
fuck


Online basedgod  
#8 Posted : Monday, November 28, 2016 10:45:35 AM(UTC)
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According to the International Energy Agency (IEA), in 2016, Saudi Arabia and Russia regained the #1 and #2 position after briefly losing it to the United States in 2015. Prior to that, in 2014 over 66% of world oil production came from the top ten countries: Saudi Arabia 542 Mt (13%), Russia 529 Mt (13%), United States 509 Mt (12%), China 212 Mt (5%), Canada 208 Mt (5%), Iran 166 Mt (4%), Iraq 160 Mt (4%), Kuwait 158 Mt (4%), United Arab Emirates 157 Mt (4%) and Venezuela 151 Mt (4%). Total oil production was 4,200 Mt.[2]
Online easton104  
#9 Posted : Monday, November 28, 2016 10:47:34 AM(UTC)
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But still, production can be defined as the "manufacture of" which doesn't necessarily mean the crude was pumped domestically.
Online basedgod  
#10 Posted : Monday, November 28, 2016 10:54:12 AM(UTC)
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Originally Posted by: easton104 Go to Quoted Post
But still, production can be defined as the "manufacture of" which doesn't necessarily mean the crude was pumped domestically.


Link @


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Online easton104  
#11 Posted : Monday, November 28, 2016 11:00:18 AM(UTC)
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Looks like we import more than twice what we export
http://www.eia.gov/tools...s/faq.cfm?id=727&t=6

Online basedgod  
#12 Posted : Monday, November 28, 2016 11:10:09 AM(UTC)
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Originally Posted by: easton104 Go to Quoted Post
Looks like we import more than twice what we export
http://www.eia.gov/tools...s/faq.cfm?id=727&t=6



Yea, that's true, we have restrictions on the export of oil. which is why brent crude is slightly cheaper than regular I think.


Obama passed laws to allow for the selling of light crude I can't remember why exactly we restrict exports
Online easton104  
#13 Posted : Monday, November 28, 2016 11:16:33 AM(UTC)
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Gas here is $1.88. Thanks Obama!
Online basedgod  
#14 Posted : Monday, November 28, 2016 11:16:37 AM(UTC)
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Restrictions on exports probably help the U.S. oil industry though, it's probably the equivalent to forcing people to buy U.S. goods actually, internal competition keeping the oil money mostly in the U. S.
Online alternaloser  
#15 Posted : Monday, November 28, 2016 11:17:55 AM(UTC)
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Originally Posted by: basedgod Go to Quoted Post
Restrictions on exports probably help the U.S. oil industry though, it's probably the equivalent to forcing people to buy U.S. goods actually, internal competition keeping the oil money mostly in the U. S.


i assume that's why but i honestly don't know the rationale
Online basedgod  
#16 Posted : Monday, November 28, 2016 11:18:40 AM(UTC)
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Probably disrupts OPEC's leverage on domestic oil prices a firewall. If OPEC cuts back on production and increase price, the U.S. has a secondary domestic market

Edited by user Monday, November 28, 2016 11:19:23 AM(UTC)  | Reason: Not specified

Online basedgod  
#17 Posted : Monday, November 28, 2016 11:20:26 AM(UTC)
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Which makes sense because the ban came into effect 40 years ago.. that's around the 70s when OPEC pulled that little stunt trying to bring the U.S. into submission
Online alternaloser  
#18 Posted : Monday, November 28, 2016 11:45:40 AM(UTC)
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Originally Posted by: easton104 Go to Quoted Post
Gas here is $1.88. Thanks Obama!


damn it's only 2.20 here, i never check it since i rarely drive.
Online basedgod  
#19 Posted : Monday, November 28, 2016 11:48:42 AM(UTC)
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Oil talks have been collapsing.

Iran wants to produce pre sanction levels of oil, Russia wants everyone to cut back especially Saudi Arabia, Saudi Arabia wants Russia to cut back but Russia says it wants to maintain its production rate
Online basedgod  
#20 Posted : Monday, November 28, 2016 11:48:59 AM(UTC)
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Still dealing iwth oil glut right now tbh
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