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Offline basedgod  
#1 Posted : Monday, November 28, 2016 1:57:49 AM(UTC)
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Online Zinc  
#2 Posted : Monday, November 28, 2016 1:58:09 AM(UTC)
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THANKS OBAMA
thanks 1 user thanked Zinc for this useful post.
Offline easton104  
#3 Posted : Monday, November 28, 2016 2:01:04 AM(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][/HIDE-THANKS]
Offline easton104  
#4 Posted : Monday, November 28, 2016 2:01:12 AM(UTC)
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fuck
Offline easton104  
#5 Posted : Monday, November 28, 2016 2:01:54 AM(UTC)
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also, I think the term production might be misleading
Offline easton104  
#6 Posted : Monday, November 28, 2016 2:04:10 AM(UTC)
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is that the manufacture of crude oil or actually drilling a hole and draining it?
Offline pootie  
#7 Posted : Monday, November 28, 2016 2:09:54 AM(UTC)
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Originally Posted by: easton104 Go to Quoted Post
fuck


Offline basedgod  
#8 Posted : Monday, November 28, 2016 3:45:35 PM(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]
Offline easton104  
#9 Posted : Monday, November 28, 2016 3:47:34 PM(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.
Offline basedgod  
#10 Posted : Monday, November 28, 2016 3:54:12 PM(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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Offline easton104  
#11 Posted : Monday, November 28, 2016 4:00:18 PM(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

Offline basedgod  
#12 Posted : Monday, November 28, 2016 4:10:09 PM(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
Offline easton104  
#13 Posted : Monday, November 28, 2016 4:16:33 PM(UTC)
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Gas here is $1.88. Thanks Obama!
Offline basedgod  
#14 Posted : Monday, November 28, 2016 4:16:37 PM(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.
Offline alternaloser  
#15 Posted : Monday, November 28, 2016 4:17:55 PM(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
Offline basedgod  
#16 Posted : Monday, November 28, 2016 4:18:40 PM(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 4:19:23 PM(UTC)  | Reason: Not specified

Offline basedgod  
#17 Posted : Monday, November 28, 2016 4:20:26 PM(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
Offline alternaloser  
#18 Posted : Monday, November 28, 2016 4:45:40 PM(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.
Offline basedgod  
#19 Posted : Monday, November 28, 2016 4:48:42 PM(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
Offline basedgod  
#20 Posted : Monday, November 28, 2016 4:48:59 PM(UTC)
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Still dealing iwth oil glut right now tbh
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