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OPEC is DEAD!

By socal2 following x   2017 May 18, 9:07am 4,349 views   32 comments   watch   sfw   quote     share    


Have you hugged a fracker today? Russia, Saudi Arabia, Iran and Venezuela not so happy...

http://theweek.com/articles/699210/opec-dead

1   Hassan_Rouhani   ignore (3)   2017 May 18, 9:16am   ↑ like (2)   ↓ dislike (0)   quote        

Yep, that's why they financed all these cheap whores who were screaming against fracking for the last decade or so.

2   HEY YOU   ignore (7)   2017 May 18, 9:17am   ↑ like (0)   ↓ dislike (1)   quote        

Ask those that will have to deal with polluted water from fracking, Oklahoma about it's fracking earthquakes &
Republicans who love fracked oil pipeline spills in their neighborhood how much they love big oil.

3   socal2   ignore (0)   2017 May 18, 9:22am   ↑ like (1)   ↓ dislike (0)   quote        

Straw Man says

Yep, that's why they financed all these cheap whores who were screaming against fracking for the last decade or so.

Any one bother to ask if Al Gore and the Global Warming cultists are in the pocket of Putin and the Saudis?

The other beautiful thing is that natural gas has less CO2 emissions than crude oil and coal. America's carbon emissions have gone down in the last few years despite a growing economy, Now that we are exporting natural gas to places like China, we will also help bring their emissions down too.

Natural gas will be a good bridge energy source for us while we continue to work on carbon free energy sources.

America is truly a blessed nation!

4   Strategist   ignore (1)   2017 May 18, 9:24am   ↑ like (1)   ↓ dislike (0)   quote        

socal2 says

OPEC is DEAD!

Love it Love it Love it.
Rot In Peace terrorists.

5   Hassan_Rouhani   ignore (3)   2017 May 18, 9:27am   ↑ like (2)   ↓ dislike (0)   quote        

HEY YOU says

Ask those that will have to deal with polluted water from fracking

Sorry, this BS claim has been rebuffed by science. Read the fucking study, it has even been linked on this very site couple of years ago.

6   socal2   ignore (0)   2017 May 18, 9:27am   ↑ like (1)   ↓ dislike (0)   quote        

HEY YOU says

Ask those that will have to deal with polluted water from fracking, Oklahoma about it's fracking earthquakes &

Republicans who love fracked oil pipeline spills in their neighborhood how much they love big oil.

Better to pollute the land of those icky brown people in the 3rd world - right? Better to prop up petro-economies like the Saudis and Russians - right?

EPA has found no evidence of contaminated ground water.

And as I already pointed out, fracking and using natural gas is reducing America carbon emissions.

The U.S. Leads All Countries In Lowering Carbon Dioxide Emissions
https://www.forbes.com/sites/rrapier/2016/06/19/the-u-s-leads-all-countries-in-lowering-carbon-dioxide-emissions/#21b14b145f48

This is a win win win. But of course, unthinking liberals will find a reason to bitch and moan.

7   Strategist   ignore (1)   2017 May 18, 9:29am   ↑ like (2)   ↓ dislike (0)   quote        

Fracking is here to stay, and the technology will spread world wide. And when solar power goes mainstream, oil will be completely useless.
Saudi Arabia is desperately trying to diversify their economy, but how do you do that when the only natural skill they have is to milk camels?

8   TwoScoopsOfWompWomp   ignore (2)   2017 May 18, 9:34am   ↑ like (2)   ↓ dislike (0)   quote        

Strategist says

but how do you do that when the only natural skill they have is to milk camels?

They actually can't even do that anymore; most Traditional Arabs are now on welfare and live in Gov Housing. Most Saudis couldn't bake a loaf of bread.

It's a country that is mostly populated by bandits and traders, who look down on any and all manual labor and has for a thousand years.

9   marcus   ignore (1)   2017 May 18, 9:38am   ↑ like (0)   ↓ dislike (1)   quote        

I credit Obama.

One of his many huge successes !!

10   Hassan_Rouhani   ignore (3)   2017 May 18, 9:40am   ↑ like (0)   ↓ dislike (0)   quote        

marcus says

I credit Obama.

One of his many huge successes !!

As in "he was unable to fuck it up"? Agreed.

11   Strategist   ignore (1)   2017 May 18, 9:40am   ↑ like (2)   ↓ dislike (0)   quote        

marcus says

I credit Obama.

One of his many huge successes !!

Obama opposed fracking. The credit goes to technology, and good old American Entrepreneurship.

12   Quigley   ignore (0)   2017 May 18, 10:17am   ↑ like (1)   ↓ dislike (0)   quote        

So fracking makes the world more free. Got it.
Also why do we need global treaties for CO2 emissions if the worst polluters (China, India) aren't going to do much about it? Also the US is already far and away the best at dropping emissions. Electric cars and more fuel efficient cars are to blame as well as a great push to modernize homes and reduce electricity needs with LED lights, better insulated windows, and solar cells on the roofs! Also the renewable energy industry is doing well, setting up tens of thousands of windmills and many solar farms.
It's all meaning that we should be far more concerned with the pollution abroad than our own declining numbers.

13   socal2   ignore (0)   2017 May 18, 10:21am   ↑ like (4)   ↓ dislike (0)   quote        

marcus says

I credit Obama.

One of his many huge successes !!

This guy? The guy who said "We can't drill our way to lower oil prices".

Just another example of Liberals refusing to accept science.

14   socal2   ignore (0)   2017 May 18, 10:26am   ↑ like (2)   ↓ dislike (0)   quote        

Quigley says

It's all meaning that we should be far more concerned with the pollution abroad than our own declining numbers.

America is going to be boosting our natural gas exports to China which will help reduce China's emissions since they mostly use dirty coal for electricity.

Russians, Democrats, Hollywood and Jihadis have done their very best to stop this progress. It is almost as if Democrats and Hollywood are in collusion with America's (and the environment's) enemies.

Trump's China Deal Boosts U.S. LNG Without Rule Change
https://www.bloomberg.com/politics/articles/2017-05-12/trump-s-china-deal-gives-u-s-lng-a-boost-without-changing-rules

15   Quigley   ignore (0)   2017 May 18, 10:28am   ↑ like (1)   ↓ dislike (0)   quote        

It would be the peak of irony if Trump were to be our POTUS with the best effect on the environment.

16   P N Dr Lo R   ignore (0)   2017 May 18, 11:30am   ↑ like (1)   ↓ dislike (0)   quote        

Strategist says

Saudi Arabia is desperately trying to diversify their economy,

It's their oil, but it was American geologists and petroleum engineers who discovered and brought the oil on line in the late 1930's as Saudia Arabia was in need of revenue as World War II loomed.

"SOCAL set up a subsidiary company, the California Arabian Standard Oil Company (CASOC) to develop the oil concession. SOCAL also joined forces with the Texas Oil Company when together they formed CALTEX in 1936 to take advantage of the latter’s formidable marketing network in Africa and Asia.
When CASOC geologists surveyed the concession area, they identified a promising site and named it Dammam No. 7, after a nearby village. Over the next three years, the drillers were unsuccessful in making a commercial strike, but chief geologist Max Steineke persevered. He urged the team to drill deeper, even when Dammam No. 7 was plagued by cave-ins, stuck drill bits and other problems, before the drillers finally struck oil on 3 March 1938. This discovery would turn out to be first of many, eventually revealing the largest source of crude oil in the world. For the king, oil revenues became a crucial source of wealth since he no longer had to rely on receipts from pilgrimages to Mecca. This discovery would alter Middle Eastern political relations forever."

Legend has it that the geologists were tipped off to the possibility of large volumes of petroleum by the Biblical story of Moses in the bullrushes where pitch (tar) was used to caulk his basket so it would float.

17   Strategist   ignore (1)   2017 May 18, 11:50am   ↑ like (0)   ↓ dislike (0)   quote        

P N Dr Lo R says

For the king, oil revenues became a crucial source of wealth since he no longer had to rely on receipts from pilgrimages to Mecca. This discovery would alter Middle Eastern political relations forever."

And all the oil belongs to the Royal family. Nothing belongs to the commoner.
The way the Royals splurge the oil wealth is shockingly disgraceful.

18   someone else   ignore (0)   2017 May 18, 3:48pm   ↑ like (3)   ↓ dislike (0)   quote        

Strategist says

The way the Royals splurge the oil wealth is shockingly disgraceful.

You try spending trillions. It ain't easy!

19   Strategist   ignore (1)   2017 May 18, 4:40pm   ↑ like (3)   ↓ dislike (0)   quote        

Patrick says

Strategist says

The way the Royals splurge the oil wealth is shockingly disgraceful.

You try spending trillions. It ain't easy!

My wife could.

20   socal2   ignore (0)   2017 May 19, 10:07am   ↑ like (0)   ↓ dislike (0)   quote        

anonymous says

Don't plan the wake just yet for OPEC...

Only if Democrats get back into power and collude with OPEC and Russia to reduce America's energy production.

21   Hassan_Rouhani   ignore (3)   2017 May 19, 11:50am   ↑ like (0)   ↓ dislike (0)   quote        

anonymous says

Then again should the price per bbl of oil get too low with the increased fracking, the break even point for profit could result in a quick reversal of activity in this country.

It has already happened. And then it recovered nicely. The attempt to break fracking has been unsuccessful and harmed OPEC/Russia more than it harmed US.

22   Hassan_Rouhani   ignore (3)   2017 May 19, 11:51am   ↑ like (0)   ↓ dislike (0)   quote        

anonymous says

Only if Trump is in power and colludes with Saudi Arabia, OPEC and Russia to reduce America's energy production.

What is the mechanism for doing that? EPA?

23   socal2   ignore (0)   2017 May 22, 10:04am   ↑ like (2)   ↓ dislike (0)   quote        

OPEC’s Coffers Are Drying Up
"OPEC’s members brought in less cash from selling oil in 2016 than in any of the past dozen years. That grim reality comes to us courtesy of the U.S. Energy Information Administration (EIA): Members of the Organization of the Petroleum Exporting Countries (OPEC) earned about $433 billion in net oil export revenues in 2016, the lowest since 2004. In real dollar terms, the 2016 revenue represents a 15% decline from the $509 billion earned in 2015, mainly because of the fall in average annual crude oil prices and, to a lesser extent, because of decreases in OPEC net oil exports."
https://www.the-american-interest.com/2017/05/21/opecs-coffers-are-drying-up/

Less money to spread mischief around the globe.

24   socal2   ignore (0)   2017 May 22, 10:09am   ↑ like (0)   ↓ dislike (0)   quote        

Worst OPEC Cheater Will Get Harder to Ignore as Curbs Falter
"OPEC’s second-biggest producer is also its biggest cheater.

And if past is prologue, that lengthens the odds the group will be able to squeeze too many more price gains out of its output cuts.

Iraq pumped about 80,000 more barrels of oil a day than permitted by Organization of Petroleum Exporting Countries curbs during the first quarter. If that deal gets extended to 2018, the nation will have even less incentive to comply because capacity at key southern fields is expanding and three years of fighting Islamic State has left it drowning in debt."
https://www.bloomberg.com/news/articles/2017-05-22/opec-s-worst-cheater-will-get-harder-to-ignore-as-curbs-falter

U.S. Shale is a game changer. This is perhaps the biggest story and geopolitical realignment since the implosion of Communism at the end of the Cold War.

25   Quigley   ignore (0)   2017 May 22, 10:18am   ↑ like (4)   ↓ dislike (0)   quote        

Energy needs are increasingly supplied by alternative sources. And as mentioned oil production has gone way up domestically. Add to this the rise of electric vehicles, push for efficiency in electric use, and you have a recipe for a Saudi slide to irrelevancy.
It really couldn't happen to a nicer bunch of total assholes.

26   someone else   ignore (0)   2017 May 22, 10:47am   ↑ like (1)   ↓ dislike (0)   quote        

Sorry about the blurry image.
Looks like solar is going to be cheaper than anything else soon.

27   TwoScoopsOfWompWomp   ignore (2)   2017 May 22, 10:53am   ↑ like (1)   ↓ dislike (0)   quote        

So beautiful folks, so beautiful. We have the best fracking.

28   socal2   ignore (0)   2017 May 22, 11:03am   ↑ like (0)   ↓ dislike (0)   quote        

Patrick says

Looks like solar is going to be cheaper than anything else soon.

That's good news too. Solar potential can only go up as it represents only about 0.9% of our total electricity production.
https://www.eia.gov/energyexplained/?page=us_energy_home

Solar will still be limited to sunshine states, but better and cheaper battery technology will help that along too.

There is no one silver bullet technology that will be able to get us off carbon based energy as fast as the Global Warming doom-mongers are demanding. There is simply too much oil and gas available here at home.

29   jazz_music   ignore (4)   2017 May 22, 11:46am   ↑ like (0)   ↓ dislike (0)   quote        

Texas jury awards $3M to family for illnesses related to fracking
http://america.aljazeera.com/articles/2014/4/23/texas-fracking-lawsuit.html

30   anonymous   ignore (null)   2017 May 22, 12:10pm   ↑ like (0)   ↓ dislike (0)   quote        

OPEC’s Coffers Are Drying Up
"OPEC’s members brought in less cash from selling oil in 2016 than in any of the past dozen years.

Thanks a lot, Obama!!

31   anonymous   ignore (null)   2017 May 22, 12:12pm   ↑ like (0)   ↓ dislike (0)   quote        

TwoScoopsMcGee says

So beautiful folks, so beautiful. We have the best fracking.

You should come up to central Pennsylvania and see all the destruction it's causing





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