Home Forums Hunting & Shooting Hunter's Campfire Crude Oil Flow From Saudi Arabia To U.S. Falls To Zero

I'm sure Biden and the rest of the commie's are pissed about this........

https://oilprice.com/Energy/Energy-General/Crude-Oil-Flow-From-Saudi-Arabia-To-US-Falls-To-Zero.html

Why would they be pissed?

I’m sure there are people working on correcting this as we speak......

Won't take much from the zero fracking Cho Xiden administration and oil imports will be back to 2005 levels, with 4 dollar pump prices again.

Joe and the Ho are sure to f uck up gas prices, no doubt about it.

If pump gas went to 10 dollars, the US companies would be all too happy to supply it.

Hear hear to oil patch of the USA.

Can’t really blame them.

What sux is with OPEC driving the cost of crude up by cutting production the US oil companies will match OPECs price even though our imported oil is fractional of what it once was.

Seems some folks think our president sets oil prices.

SlowJoe will never encourage north american production ramp up to offset cost to us consumers.

Everything energy production wise President Trump did will be undone by slow joe....

Book it..........

Now we need demand to return to drive up oil prices Johnny. Put folks back to work.

I hear everyone blaming China but the Saudis got what they paid for and that's the end to US oil production...tell me I'm wrong.

They want the US to be dependant on chithole Arab countries.

Drive the green deal.

"the Saudis got what they paid for"

The Saudi's wanted the US to stop importing Saudi oil? Can you explain why?

The Saudi's are our strategic ally and a customer for our arms sales. Why would the want us dependent on other Arab countries. The Saudi's are more than willing to export oil to the US. We are not importing. If you read the article, we are importing less from all Persian Gulf countries.

we're letting this group of schitholes set the price of oil for the world


Algeria
Angola
Congo
Equatorial Guinea
Gabon
Iran
Iraq
Kuwait
Libya
Nigeria
Saudi Arabia
United Arab Emirates
Venezuela

Obama wanted to end fracking by requiring a federal permit to frack. Biden will do whatever Obama wants him to do. A new nuclear deal with Iran will be next.

Yup. It's not going to last very long. The sand monkeys will be back dictating terms and holding us hostage.

Already are......UAE is warning us to not ramp up production.

https://www.moroccoworldnews.com/20...oducers-as-oil-prices-hit-11-month-high/

No, they don't want anyone to stop importing.

"The Saudis got what they paid for" comment means this to me.

OPEC controls the amount of their crude oil production.

If they cut production the price of crude rises.
If they raise production levels crude prices fall.

The longer they can keep the world market crude oil prices down, the less profitable it is for those producing crude in countries not involved with OPEC.

They can starve out those not as wealthy as they if they can keep crude prices down by flooding the market with less expensive OPEC crude.

Many oil producers here in the USA have suffered due to the low prices we see at the pump. Some have shut down just due to lack of probability at current prices.

OPECs price controlling strategies work very well, they are "mostly"
filthy rich, at least the OPEC controlling entities are. Some countries involved in OPEC that aren't so rich have suffered through this period of high production/low price as well but they are too small to have much of a voice within the ranks of the OPEC filthy rich guys aka Saudi's.

Recently the Covid Pandemic has had a huge effect on oil producers.

With all the shutdown businesses and so many staying at home the demand for oil has fallen off, that coupled with OPEC having the world market flooded with surplus crude is why we've seen really low prices at the pump.
It's also relevant to OPECs recent change in strategy, they've cut production to get the crude prices back up.

We produce a lot of oil here in the US but we also burn a lot.
Our current export of oil has little to no effect on the world market crude prices.

I seriously doubt no matter how much we step up production here will change the prices we see at the pump.
Our oil companies will match the Saudi controlled world market price to increase their profits or in some cases make them profitable at all.

Another thing to keep in mind is it's much cheaper for the Saudi's to produce crude oil than it is for the US oil companies to produce shale oil by fracking.