Title: Trump and oil | |
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Knightly | |
Date Posted:06/09/2018 7:06 AMCopy HTML thinking is a dangerous thing
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Hayekian | Share to: #1 |
Re:Trump and oil Date Posted:06/10/2018 3:25 AMCopy HTML I just reviewed the recent inventory of the Strategic Petroleum Reserve - The reduction in the reserved during 2017 was 30 million barrels, from 695 million to 665 million - less than 5%. The amount in the SPR is still near 250 days of net imports - compared to 50 days as it was from 1998 (Clinton administration) through April, 2007 (Bush administration). Check out https://www.eia.gov/dnav/pet/PET_SUM_CRDSND_K_M.htm
Comment: Part of the present problem in Washington is the lack of compromise.
Response: It's always better for the bully when the bullied does not resist, isn't it?
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Aprildaze | Share to: #2 |
Re:Trump and oil Date Posted:06/11/2018 10:12 PMCopy HTML Sometimes risky bets pay off in a big way. The theory was tested by one small Denver-based petroleum producer, and proved to be true. Bill Armstrong, the CEO of Armstrong Oil & Gas, told FOX Business he risked a big chunk of his own money on a hunch that he spotted a large pool of oil in Alaska. “The North Slope of Alaska has been kind of left behind, everybody believed that all the big fields had been found,” he told Stuart Varney on “Varney & Co.” on Friday. “And so my band of brothers and I kind of tore everything apart … and we went up there and said I think they left something behind that may be really, really big.” If you permit yourself to become too open-minded, your brains could fall out.
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WRS10 | Share to: #3 |
Re:Trump and oil Date Posted:06/14/2018 8:18 PMCopy HTML The US is about to be the world's biggest oil exporterTim Daiss, OilPrice.com May 6, 2018, As global oil markets shift their attention from U.S. shale oil production back to a resurgent Saudi Arabia and Russia and geopolitical concerns bearing down on oil prices, Citigroup said last Wednesday that the U.S. is poised to surpass Saudi Arabia next year as the world’s largest exporter of crude and oil products. The U.S. exported a record 8.3 million barrels per day (bpd) last week of crude oil and petroleum products, the government also said Wednesday. Top crude oil exporter Saudi Arabia’s, for its part, exported 9.3 million bpd in January, while Russia exported 7.4 million bpd, the bank added..........> |