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And your point is?

Posted on: October 12, 2022 at 10:56:28 CT
KC rules MU
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You have correctly identified the reason US petroleum production decreased - loss of demand under Covid. That decline actually started in November 2019 probably because 13 million per day was not sustainable but it really ramped up during covid.

Did you actually think it would just go back to 12.8 million a day when covid ended? Fracking is a wonderful way to get oil out of the ground but the wells that we frac decline rapidly and production cannot be sustained unless there is new drilling. During Covid, that did not happen due to demand, drilling companies lost employees and shuddered rigs, oil producers laid off engineers and geologists. It's not like you can just start the whole thing up again overnight.

Edited by KC rules at 11:11:37 on 10/12/22
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Well behaved French citizens taking their turn at gas pumps. - BH O'bonga MU - 10/12 10:18:52
     Eliminate government (nm) - Tigrrrr! MU - 10/12 12:55:19
     We are all in a "transition period" as we save the planet by - hokie VT - 10/12 10:34:14
     RE: Well behaved French citizens taking their turn at gas pumps. - scan MU - 10/12 10:31:26
     "Coming to an American city or town near you." - MizzouTigerz MU - 10/12 10:30:29
          When you shut down pipelines and refineries, refuse to - BH O'bonga MU - 10/12 10:39:26
               RE: When you shut down pipelines and refineries, refuse to - KC rules MU - 10/12 11:03:51
          oil production has increased under Biden - ashtray UF - 10/12 10:32:09
               But isn't close to where it was. Why is that?(nm) - tman MU - 10/12 10:43:05
                    because increasing supply would bring the price and profit - JayHoaxH8r MU - 10/12 10:47:28
                         Depends on the elasticity of the supply to price - tman MU - 10/12 11:09:44
                              KC rules has a pretty good grasp on the oil - JayHoaxH8r MU - 10/12 11:15:42
                                   We have supplied hydraulic parts to that industry forever - tman MU - 10/12 11:26:28
                                        i would guess it's more about people - JayHoaxH8r MU - 10/12 11:27:09
               Russia-Ukraine is a border dispute. All involved in - TigerMatt STL - 10/12 10:40:56
                    How often in a border dispute does one side try to capture - KC rules MU - 10/12 11:57:30
               Things don't happen in a vacuum, like you think. - MizzouTigerz MU - 10/12 10:36:51
                    oh yes. I forgot they happen in a fantasy world that you - ashtray UF - 10/12 10:39:05
                         So you think the economic harm from China's Covid is - MizzouTigerz MU - 10/12 10:42:08
                              Covid didn't hurt the economy. Your precious govt did (nm) - ashtray UF - 10/12 10:42:44
               RE: oil production has increased under Biden - scan MU - 10/12 10:36:08
                    It absolutely has increased from the lows caused by Covid's - KC rules MU - 10/12 10:46:55
                         you're arguing with a troll - ashtray UF - 10/12 10:50:23
                    oil production has increased under Biden: When you have no - BH O'bonga MU - 10/12 10:41:37
                         says the guy getting welfare for his farm (nm) - ashtray UF - 10/12 10:43:19
                    you must be - ashtray UF - 10/12 10:38:16
                    RE: oil production has increased under Biden - JayHoaxH8r MU - 10/12 10:37:35
                         It was at 13,100 in February 2020, when China's economic - MizzouTigerz MU - 10/12 10:47:01
                              And your point is? - KC rules MU - 10/12 10:56:28
                                   This is October 2022, which isn't overnight, by any - MizzouTigerz MU - 10/12 11:32:30
                                        Biden's inauguration did not coincide with the end of covid - KC rules MU - 10/12 12:14:31
                                        Those areas (Atlantic/Pacific) are already off limits - KC rules MU - 10/12 11:44:02
                                   November 2019 it was 12,900 stayed level in December - MizzouTigerz MU - 10/12 11:21:47
                                        Fair enough. I am looking at EIA data as well and it shows - KC rules MU - 10/12 11:27:03
                                             My point is that blaming it all on Trump, and ignoring - MizzouTigerz MU - 10/12 11:39:44
                                                  High oil prices are not Trump's fault either. - KC rules MU - 10/12 11:49:15
                                                       RE: High oil prices are not Trump's fault either. - MizzouTigerz MU - 10/12 12:33:46
                                                            the only context is that you are a dishonest POS - ashtray UF - 10/12 14:41:12
                              It's gone up under biden - JayHoaxH8r MU - 10/12 10:51:52
                                   Not to pre-Covid levels. - MizzouTigerz MU - 10/12 11:17:40
                                        Why is it certain types of people refuse to admit - JayHoaxH8r MU - 10/12 11:23:42
                                             It's because you refuse the wisdom of the Holy One of Israel - MizzouTigerz MU - 10/12 11:41:56
                                                  I enjoy the Beastie Boys - JayHoaxH8r MU - 10/12 11:56:07
     It’s what a liberal run world looks like. (nm) - Outsider MU - 10/12 10:21:10




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