logo
Welcome Guest! To enable all features please Login or Register.

Notification

Icon
Error

Login


Options
Go to last post Go to first unread
Offline basedgod  
#1 Posted : Sunday, November 27, 2016 8:57:49 PM(UTC)
Posts: 13,077
Rank: FTJ Postmaster

basedgod


Thanks: 8758 times
Was thanked: 3130 time(s) in 2578 post(s)
UserPostedImage
Offline Zinc  
#2 Posted : Sunday, November 27, 2016 8:58:09 PM(UTC)
Posts: 2,991
Rank: FTJ Magi

Zinc


Thanks: 230 times
Was thanked: 485 time(s) in 406 post(s)
THANKS OBAMA
thanks 1 user thanked Zinc for this useful post.
Offline easton104  
#3 Posted : Sunday, November 27, 2016 9:01:04 PM(UTC)
Posts: 17,268
Rank: FTJ Postmaster

easton104


Thanks: 857 times
Was thanked: 2833 time(s) in 2160 post(s)
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]
Offline easton104  
#4 Posted : Sunday, November 27, 2016 9:01:12 PM(UTC)
Posts: 17,268
Rank: FTJ Postmaster

easton104


Thanks: 857 times
Was thanked: 2833 time(s) in 2160 post(s)
fuck
Offline easton104  
#5 Posted : Sunday, November 27, 2016 9:01:54 PM(UTC)
Posts: 17,268
Rank: FTJ Postmaster

easton104


Thanks: 857 times
Was thanked: 2833 time(s) in 2160 post(s)
also, I think the term production might be misleading
Offline easton104  
#6 Posted : Sunday, November 27, 2016 9:04:10 PM(UTC)
Posts: 17,268
Rank: FTJ Postmaster

easton104


Thanks: 857 times
Was thanked: 2833 time(s) in 2160 post(s)
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)
Posts: 15,042
Rank: FTJ Postmaster

pootie


Thanks: 3823 times
Was thanked: 1531 time(s) in 1333 post(s)
Originally Posted by: easton104 Go to Quoted Post
fuck


Offline basedgod  
#8 Posted : Monday, November 28, 2016 10:45:35 AM(UTC)
Posts: 13,077
Rank: FTJ Postmaster

basedgod


Thanks: 8758 times
Was thanked: 3130 time(s) in 2578 post(s)
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]
Offline easton104  
#9 Posted : Monday, November 28, 2016 10:47:34 AM(UTC)
Posts: 17,268
Rank: FTJ Postmaster

easton104


Thanks: 857 times
Was thanked: 2833 time(s) in 2160 post(s)
But still, production can be defined as the "manufacture of" which doesn't necessarily mean the crude was pumped domestically.
Offline basedgod  
#10 Posted : Monday, November 28, 2016 10:54:12 AM(UTC)
Posts: 13,077
Rank: FTJ Postmaster

basedgod


Thanks: 8758 times
Was thanked: 3130 time(s) in 2578 post(s)
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 @


UserPostedImage
Offline easton104  
#11 Posted : Monday, November 28, 2016 11:00:18 AM(UTC)
Posts: 17,268
Rank: FTJ Postmaster

easton104


Thanks: 857 times
Was thanked: 2833 time(s) in 2160 post(s)
Looks like we import more than twice what we export
http://www.eia.gov/tools...s/faq.cfm?id=727&t=6

Offline basedgod  
#12 Posted : Monday, November 28, 2016 11:10:09 AM(UTC)
Posts: 13,077
Rank: FTJ Postmaster

basedgod


Thanks: 8758 times
Was thanked: 3130 time(s) in 2578 post(s)
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
Offline easton104  
#13 Posted : Monday, November 28, 2016 11:16:33 AM(UTC)
Posts: 17,268
Rank: FTJ Postmaster

easton104


Thanks: 857 times
Was thanked: 2833 time(s) in 2160 post(s)
Gas here is $1.88. Thanks Obama!
Offline basedgod  
#14 Posted : Monday, November 28, 2016 11:16:37 AM(UTC)
Posts: 13,077
Rank: FTJ Postmaster

basedgod


Thanks: 8758 times
Was thanked: 3130 time(s) in 2578 post(s)
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.
Offline alternaloser  
#15 Posted : Monday, November 28, 2016 11:17:55 AM(UTC)
Posts: 24,905
Rank: FTJ Vigilante

alternaloser


Thanks: 4827 times
Was thanked: 4493 time(s) in 3706 post(s)
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
Offline basedgod  
#16 Posted : Monday, November 28, 2016 11:18:40 AM(UTC)
Posts: 13,077
Rank: FTJ Postmaster

basedgod


Thanks: 8758 times
Was thanked: 3130 time(s) in 2578 post(s)
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

Offline basedgod  
#17 Posted : Monday, November 28, 2016 11:20:26 AM(UTC)
Posts: 13,077
Rank: FTJ Postmaster

basedgod


Thanks: 8758 times
Was thanked: 3130 time(s) in 2578 post(s)
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
Offline alternaloser  
#18 Posted : Monday, November 28, 2016 11:45:40 AM(UTC)
Posts: 24,905
Rank: FTJ Vigilante

alternaloser


Thanks: 4827 times
Was thanked: 4493 time(s) in 3706 post(s)
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.
Offline basedgod  
#19 Posted : Monday, November 28, 2016 11:48:42 AM(UTC)
Posts: 13,077
Rank: FTJ Postmaster

basedgod


Thanks: 8758 times
Was thanked: 3130 time(s) in 2578 post(s)
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
Offline basedgod  
#20 Posted : Monday, November 28, 2016 11:48:59 AM(UTC)
Posts: 13,077
Rank: FTJ Postmaster

basedgod


Thanks: 8758 times
Was thanked: 3130 time(s) in 2578 post(s)
Still dealing iwth oil glut right now tbh
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.