US hit record oil production of 13.1M - Thanks Biden!

Is the effort to transition away from fossil fuels a bad thing, from your perspective?

 

We should stop

WTF are you talking about? You are incoherent.

 

drill Biden drill.

opps I meant,

drill baby drill

 

No not at all, just pointing out a few other things he did

 

You lead the way!!!!
When you are ready to put your money where your mouth is let's talk!!!
You give up everything you have that the fossil fuel industry provides you on a daily basis. Be a trend setter, show us how grand it is!!

 

We need a balanced energy policy. Renewables have their place. But total reliance on just wind and solar has proven and will prove to be an unwise policy in the short, intermediate, and even long-range. I also think a balanced policy would encourage nuclear and geothermal as well.

It's ridiculous to give Biden much credit for the record oil and gas production in the U.S. The oil and gas industry is a very long-range business. You are acquiring leases to drill on years before you drill. You acquire more leases than you'll ever possibly drill on because you are trying to put together a package of highly profitable targets. But as you drill and prove or disprove a zone or an area you are constantly reevaluating your drilling inventory. Likewise, the price of oil or natural gas has a strong influence. We might say that Pres Biden deserves credit for super high oil prices early in his administration and that was an economic incentive to the industry to drill. But in terms of opening up drilling and trying to speed up permitting on applications to drill on federal lands any objective observer would say Trump deserves a lot more, and Biden a lot less, credit. I'll predict, but no I'm not a wagering member of this community, that we'll see oil and gas production begin to slump in 2025 and 2026 no matter who is elected President. Why? Unless prices shoot sky high, the pace of drilling will be influenced by the burdens and roadblocks that the Biden administration has imposed

 

Domestic oil production does nothing in terms of USA energy independence since our refineries are incompatible with the light sweet crude that we produce.
https://www.nasdaq.com/articles/ame...l-to-meet-its-needs-so-why-do-we-import-crude

 

I do my part. I use domestically produced natural gas and electricity for my home and transportation.

 

Yes, price certainly has a large effect but you’re also not drilling on federal lands without a permit which Biden has approved significantly more than Trump. Prognosticating a slump from all time highs as being a result of unnamed Biden “burdens and roadblocks” while simultaneously ignoring third-party actors like OPEC is disingenuous at best.

 

Not at all but obviously we are way off from being able to do so.
Renewables are not only not good enough yet but way too expensive.

Plus the materials it takes to build solar, wind, and batteries is also bad for the environment.

 

if you follow along closely, the tech is ready, just hasn't gotten into full production yet. here is just another example just now moving to production and even this tech is behind what is being proven int he labs today
Innovative powder-powered batteries could be the key to unlocking long-range, fast-charging EVs: ‘It’s sophisticated science’ (msn.com)

Panasonic has a purchase order with a California company to provide a common Earth element that could transform electric vehicle battery tech. Sila touts its Titan Silicon powder as a superb alternative to the graphite commonly used in batteries. The anode is opposite the cathode in battery cells. Both are needed for the charge/discharge cycle to work.
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The results of Sila’s work could be big for drivers. A report from Wired notes that Titan could help EV batteries achieve a 40% increase in mileage, providing an 80% charge in the “time it takes to leisurely fill a tank with gas.”
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Silicon is the second-most common element in the Earth’s crust. Sila claims its production method, which is underway at plants in California and Washington, is ready to turn it into anode powder with bulk production. The material is compatible with a variety of battery cell types and creates up to 70% less air pollution during production than graphite. The process is “sustainable for the environment,” per Sila.
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China, the world’s leader in graphite production, recently placed export rules on the material. The news caused anxiety in the sector about the supply. Bar graphs shared by data collector Statista show a similar pattern for graphite and silicon: China leads world production for both elements — by a wide margin.

As an answer, Sila plans to hire up to 600 employees to ramp up production at the Washington facility to meet what it expects to be high demand for Titan, according to the Wired story. “We can replace anywhere from 50% to 100% of the graphite in lithium-ion batteries,” Berdichevsky told Wired.

 

Im talking about batteries for cities.
Have you seen a battery station for communities? Battery technology for large scale is no where near ready or practical.

 

Although we're not there yet Tesla is rapidly developing batteries with large scale storage. While I think Elon Musk is a real a-hole as a person he will probably be remembered as one of the most consequential innovators of the early 21st Century.
https://www.tesla.com/megapack
Tesla Powerpacks power new 'community battery' project; 'a big Powerwall for neighborhoods'
NSW coal town trials Tesla community battery to store "clean, reliable" solar - One Step Off The Grid

 

We need to figure out gravity batteries whereas water is pumped to higher elevations when energy is abundant (daytime or windy conditions) and then released downhill to power a turbine when energy is needed.

Gravity battery - Wikipedia.

 

also do them in mine shafts or drilled shafts. the denser the weight, the smaller the cross-sectional area required or the less the deth, spin er up during bright sunny days, lower it down at night. very basic.

Scientists Are Turning Abandoned Mines Into Gravity Batteries (popularmechanics.com)
The research into these new batteries, led by the International Institute for Applied Systems Analysis (IIASA), examined a technology known as Underground Gravity Energy Storage (UGES). At its most basic, this battery lowers large containers of sand into a mineshaft when energy is expensive (aka peak hours). Using regenerative braking, these mines would transform the sand’s potential energy into actual energy, and the bigger the mine, the bigger the battery.

To recharge, the mine then brings sand back to the surface when energy is cheap. Unlike conventional batteries such as lithium-ion, gravity batteries experience zero self-discharge, which is the slow loss of energy over time while being stored. That means these mines can be on standby to provide much needed energy for months or even years. Using abandoned mines also provides tons of benefits as it preserves jobs, hides unsightly infrastructure underground, and leverages connections to the grid that already exist.

“Mines already have the basic infrastructure and are connected to the power grid, which significantly reduces the cost and facilitates the implementation of UGES plants,” IIASA researcher Julian Hunt said in a statement. The researchers published their results in the Multidisciplinary Digital Publishing Institute journal on Thursday.

According to the BBC, some companies are already investigating ways to transform abandoned coal mines into next-gen batteries. However, others find the geographic limitations of mine-based gravity batteries could limit the adoption of the technology worldwide. The IIASA even admits that the world’s greatest benefactors of this technology would be countries like Russia, India, and the U.S., where a lot of mines already exist. That’s why outfits like Energy Vault, a Swiss-based gravity battery company, are trying to build aesthetically pleasing gravity batteries that can be dropped anywhere and even feel at home in urban and suburban settings.

Gravity batteries: Abandoned mines could store enough energy to power ‘the entire earth’ | Euronews

 

Do some research, the demand for fossil fuels from the developing world will offset the decrease in demand from the 1st world from renewables.
The data is out there if you care to look and don’t think the world’s energy demand is some static number.

 

I’m just basing it on what industry experts predict. You may be right in some regard but once areas begin to become more advanced and their standard of living goes up the desire to maintain that rarely goes down.

 

KSA cutting prices by $2 per barrel

Saudis cut crude prices to all regions amid oil-price weakness (msn.com)
Saudi Aramco on Sunday said it would cut crude prices to all regions, including its largest market in Asia — a move that comes amid weaker global oil prices and increased production by producers outside the Organization of the Petroleum Exporting Countries.

In a notice, state producer Aramco said February prices for various grades of Saudi crude, including its flagship Arab light, in Asia would fall $2 a barrel versus the Oman/Dubai regional benchmark from their January levels.

The premium for Saudi crude versus the ASCI index, a benchmark for Gulf Coast sour crudes, will also fall $2 a barrel from January, Aramco said. Prices in northwest Europe and the Mediterranean will be down $1.50 to $2 a barrel versus the ICE Brent crude benchmark versus January prices.

After a summer rally attributed in large part to Saudi Arabia’s decision to implement a production cut of one million barrels a day on top of existing cuts by other members of OPEC and its allies, including Russia, crude set back sharply in the fourth quarter. Saudi Arabia and OPEC+ have extended cuts into 2023.

 

I’ve seen this discussed recently online and in the news…..Just a friendly reminder to those keeping score. Reference post #31. Per CNBC oil production is down or flat in every area not named Texas. Industry turned its sights towards Texas and ramped up production due to low regulation and ease of transportation. This production increase is in spite of any WH energy policy, so it’s a little rich to dishonestly take credit for an industry they’ve promised to destroy.

U.S. oil is back, and ExxonMobil's $60 billion deal isn't even the biggest signal