The days of free flow oil from the house of Saud is will come to an end. First it will be water flooding and then tertiary recovery. Still tons of oil there but it’ll cost like it does here in Canada. Russian oil lift cost is comparable with Canada. Think the likes of senile Biden shatting on our oil is to keep it in place in case of a souring of relations with Mideast despots or stalemate with Russia, or decline of production from said places. Whole environmental fervour is stoked by powers that be who see 50 70 100 years where everything will shake out. USA oil production unless some superior extraction tech comes to be we will continue to see crazy decline rates on present and future wells. Only wildcard is if Venezuela becomes a friendly of the USA once again then maybe lid continues to be kept on Canadian oil.
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Originally posted by WiltonRanch View PostThe days of free flow oil from the house of Saud is will come to an end. First it will be water flooding and then tertiary recovery. Still tons of oil there but it’ll cost like it does here in Canada. Russian oil lift cost is comparable with Canada. Think the likes of senile Biden shatting on our oil is to keep it in place in case of a souring of relations with Mideast despots or stalemate with Russia, or decline of production from said places. Whole environmental fervour is stoked by powers that be who see 50 70 100 years where everything will shake out. USA oil production unless some superior extraction tech comes to be we will continue to see crazy decline rates on present and future wells. Only wildcard is if Venezuela becomes a friendly of the USA once again then maybe lid continues to be kept on Canadian oil.
Prudent thing to do? Interesting take on it but makes sense.
We don’t know half rhe deals that get made to make
Any of these moves.
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Originally posted by the big wheel View PostNot sure if he’s that smart but wouldn’t that be the
Prudent thing to do? Interesting take on it but makes sense.
We don’t know half rhe deals that get made to make
Any of these moves.
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Originally posted by the big wheel View PostYou’re the one unhinged every president has
Lobbied increases or decreases on a temporary
Basis for what fits the situation this has nothing to do
With a. Long term goal agreed with the long term goal
Of his or not.
You extremists pick every little piece of
Shiit off the floor scraping for things and like I said
In comparison to someone that wanted to kill off
His own government none of this is worthy of debate
Your the unhinged one frothing over something that
Doesn’t prove anything.
Not unhinged at all , I find it all amusing
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We cant discount there is another agenda at play here. US sucks mideast dry so china cant get it, then lock up NA supply and ride to the top of the economic powers permanently?
Biden is specifically calling on OPEC crude. Not incentivizing any domestic production. In fact restricting it. But at the same time causing the rising prices.
Sounds like oil has a bright future eh chuck?
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