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U.S. oil production capacity approaches 10 mln barrels per day
Brudi Drect ^ | December 31st, 2017 | XINHUA Staff

Posted on 12/30/2017 8:06:05 PM PST by Rabin

The U.S. oil production in October was over 298 million barrels, or 25 million barrels more than that in January. And its production capability was over 9.6 million barrels a day, or 9.2 percent higher than January.

"U.S. crude oil production in October rose to the highest in more than 46 years and the production is expected to continue rising in 2018 to past historical level recorded in 1971 which will have significant effects on global energy balance,"

(Excerpt) Read more at brudirect.com ...


TOPICS: Heated Discussion
KEYWORDS: brunei; usoil
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Trump Rocks.

Rab

1 posted on 12/30/2017 8:06:05 PM PST by Rabin
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To: Rabin

That explains the rising gasoline prices?


2 posted on 12/30/2017 8:08:47 PM PST by ButThreeLeftsDo (Merry Christmas, Mr. President, and another happy year!)
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To: ButThreeLeftsDo

Just paid $2.09 per gallon in Knoxville.


3 posted on 12/30/2017 8:15:15 PM PST by Tennessean4Bush (An optimist believes we live in the best of all possible worlds. A pessimist fears this is true.)
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To: ButThreeLeftsDo

They’ve been going up in Wisconsin. $2.59/ga


4 posted on 12/30/2017 8:17:23 PM PST by virgil (The evil that men do lives after them)
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To: Tennessean4Bush

Best I could find today in the Twin Cities was $2.41

Oh, and it’s 7 below zero.


5 posted on 12/30/2017 8:17:34 PM PST by ButThreeLeftsDo (Merry Christmas, Mr. President, and another happy year!)
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To: ButThreeLeftsDo

Rising gasoline prices? The price does fluctuate with seasonal impacts but gasoline is still quite a bargain when you consider what it takes to produce it. If it is a problem for you you can always move south. Today I wore a long sleeve shirt and no jacket outside. :-)

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=EMM_EPMR_PTE_NUS_DPG&f=W


6 posted on 12/30/2017 8:20:22 PM PST by plain talk
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To: Rabin
An important goal for Trump should be the building of new oil refineries.

There has not been a new oil refinery built in the US since the 1970s.

7 posted on 12/30/2017 8:22:02 PM PST by Pontiac (The welfare state must fail because it is contrary to human nature and diminishes the human spirit.L)
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To: Rabin

We don’t see too many Chicken Littles screaming about peak oil.


8 posted on 12/30/2017 8:29:28 PM PST by gogeo
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To: Tennessean4Bush
Just paid $2.09 per gallon in Knoxville.

I just paid $3.29 (mid grade). The regular is $3.19. I'm in Kalifornia though.

9 posted on 12/30/2017 8:31:02 PM PST by gunsequalfreedom
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To: ButThreeLeftsDo
"That explains the rising gasoline prices? "

In most states, especially soviet-style states like MD, CT, MA, etc..., the state tax keeps going up.

10 posted on 12/30/2017 8:33:34 PM PST by SuperLuminal (Where is another agitator for republicanism like Sam Adams when we need him?)
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To: ButThreeLeftsDo
"That explains the rising gasoline prices? "

In most states, especially soviet-style states like MD, CT, MA, etc..., the state tax keeps going up.

11 posted on 12/30/2017 8:33:34 PM PST by SuperLuminal (Where is another agitator for republicanism like Sam Adams when we need him?)
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To: Pontiac
"There has not been a new oil refinery built in the US since the 1970s. "

There is, finally, one being built as we post...

However, we need at least two more so that CA can be on its own and stop screwing up production for the rest of the country with their enormous matrix of gas compositions vs. all the season-, and sub-seasons-, environmental requirements.

12 posted on 12/30/2017 8:41:00 PM PST by SuperLuminal (Where is another agitator for republicanism like Sam Adams when we need him?)
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To: gunsequalfreedom

You need to move to Tennessee. Your standard of living will skyrocket as compared to Kalifornia. No income tax, and some of the lowest property taxes in the US.


13 posted on 12/30/2017 8:41:08 PM PST by Tennessean4Bush (An optimist believes we live in the best of all possible worlds. A pessimist fears this is true.)
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To: ButThreeLeftsDo

Has refinery capacity uncreased...?


14 posted on 12/30/2017 8:43:40 PM PST by mewzilla (Was Obama surveilling John Roberts? Might explain a lot.)
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To: SuperLuminal
There is, finally, one being built as we post

Very good news. Where is it being built.

15 posted on 12/30/2017 8:43:49 PM PST by Pontiac (The welfare state must fail because it is contrary to human nature and diminishes the human spirit.L)
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To: Pontiac

The reason there have not been new refineries is the enormous cost. Exxon and others have been expanding existing refineries. But if you’ve got the bucks, knock yourself out


16 posted on 12/30/2017 8:46:46 PM PST by Figment
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To: gogeo

Yea, I noticed a lack of peak oil people too. I had quite a few discussions with them a few years ago about how peak oil has been forecast for at least 50 years.


17 posted on 12/30/2017 8:50:00 PM PST by Kent1957
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To: Rabin

If this country is still salvageable, Trump will be one of the top 5 presidents in history.


18 posted on 12/30/2017 8:52:15 PM PST by MountainWalker
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To: Rabin

We could triple this if we we were to pump in ANWAR.

rwood


19 posted on 12/30/2017 8:53:25 PM PST by Redwood71
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To: ButThreeLeftsDo
That explains the rising gasoline prices?

Take out the Federal and State taxes and it is cheaper than during WWII.

How is that possible?

Coinflation

Let's look at war nickels. During the war, nickel was required for American armor. The US government substituted silver and engraved a large mint mark above Monticello. Why? They figured they could easily pull the coins when the war was over.

It didn't go as planned. Americans were still stinging from the confiscation of gold. They held onto those nickels. They are easily purchased today as junk silver.

The fascinating part is the "real" value of those nickels today. Total metal value of each is $.9731600448. Take three of them ($2.93) and you can purchase a gallon of gasoline pretty much anywhere in the United States. The face value is ¢15. During WWII, the price (rationed to 3 gallons a week) was ¢20.

By historical standards, gasoline is quite a bargain today. The dollar on the other hand...
20 posted on 12/30/2017 9:12:13 PM PST by PA Engineer (Liberate America from the Occupation Media and Shariah Socialism.)
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