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(Guardian)   US surpasses Russia as world's top oil and natural gas producer. Thanks Obama   (theguardian.com) divider line 101
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4637 clicks; posted to Main » on 15 Jun 2014 at 4:46 PM (18 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2014-06-15 03:27:05 PM  
Thanks for making the main page with ten month old news!
 
2014-06-15 04:50:49 PM  
I'm not sure that's something to be proud of given the damage to the environment we're doing with fracking to get that gas.
 
2014-06-15 04:52:43 PM  
Friday 4 October 2013

Did you post this after reading the article in a dentist office waiting room?
 
2014-06-15 04:53:50 PM  

PC LOAD LETTER: Friday 4 October 2013

Did you post this after reading the article in a dentist office waiting room?


Most exciting place ever. (When they have an N64)
 
2014-06-15 04:54:03 PM  

tjgosurf: Thanks for making the main page with ten month old news!


Thank you India.

i149.photobucket.com
 
2014-06-15 04:54:21 PM  
What's the scoop on our shale oil reserves now that the Monterey shale formation has essentially been zeroed out?
 
2014-06-15 04:54:35 PM  
Drill, baby, drill !
 
2014-06-15 04:55:43 PM  
Not because of, but despite....
 
2014-06-15 04:56:05 PM  
Worst war on fossil fuels, ever.
 
2014-06-15 04:56:06 PM  
Well I guess the Repubs will believe in Global Warming now that they'll blame Obama for it.
 
2014-06-15 04:58:33 PM  
Really, is that a fact? Then why does my gas still cost me 3.67 a gallon?
 
2014-06-15 04:59:36 PM  

Bit'O'Gristle: Really, is that a fact? Then why does my gas still cost me 3.67 a gallon?


THIS.

/ thanks, Obama
 
2014-06-15 05:00:01 PM  

Bit'O'Gristle: Really, is that a fact? Then why does my gas still cost me 3.67 a gallon?


I'm annoyed that you're only paying 3.67.

/4.07 here
 
2014-06-15 05:00:44 PM  
Smartest thing to do would be to run a dedicated natural gas line over to Europe.  And somehow do it secretly.  That way, next time Putin threatens to cut off Europe during the wintertime, we can show Obama who whomever his successor will be flipping the switch to make that irrelevant.
 
2014-06-15 05:01:04 PM  

Bit'O'Gristle: Really, is that a fact? Then why does my gas still cost me 3.67 a gallon?


On the off-chance that you're serious:

Short version: Oil companies are assholes.

Long version: fark you, read the short version.
 
2014-06-15 05:01:04 PM  
Any news on Generalissimo Franco?
 
2014-06-15 05:01:15 PM  
Bit

Because oil is a commodity, prices are set on a global level, not local. The barrel you take out of the ground is the same price in Pennsylvania  and Saudi Arabia.

Drill baby drill. Not.
 
2014-06-15 05:03:44 PM  

3.bp.blogspot.com

www.ragap.es

 
2014-06-15 05:04:33 PM  

zappadog: Bit

Because oil is a commodity, prices are set on a global level, not local. The barrel you take out of the ground is the same price in Pennsylvania  and Saudi Arabia.

Drill baby drill. Not.


Not exactly. Ever heard of spot prices for brent, wti, russian intermediate? Not all oil is equal since you can not (easily) make gasoline from heavy sour (Venezuela) but can with light sweet (Saudi) crude...
 
2014-06-15 05:05:03 PM  

RoyBatty: What's the scoop on our shale oil reserves now that the Monterey shale formation has essentially been zeroed out?


We're sitting on more oil than all of OPEC
 
2014-06-15 05:05:51 PM  
History's. Greatest. Monster.

Greatest.

Monster.
 
2014-06-15 05:09:08 PM  

tjgosurf: RoyBatty: What's the scoop on our shale oil reserves now that the Monterey shale formation has essentially been zeroed out?

We're sitting on more oil than all of OPEC


In my case "sitting on more oil than all of OPEC" is not a reference to gassy farts. It is not!
 
2014-06-15 05:09:38 PM  

Bit'O'Gristle: Really, is that a fact? Then why does my gas still cost me 3.67 a gallon?


You're complaining about 3.67 a gallon? Nut up, Chachi.
 
2014-06-15 05:10:57 PM  
 
2014-06-15 05:13:22 PM  

Bit'O'Gristle: Really, is that a fact? Then why does my gas still cost me 3.67 a gallon?


You can have all the oil in the world, but if you have gutted your refining capabilities and then export much of the gasoline you refine then what your are left with is an artificial shortage.
 
2014-06-15 05:13:24 PM  
You do realize that once the price drops below a certain amount per barrel domestic production stops right?
 
2014-06-15 05:15:16 PM  
Fracking removes all the oil and natural gas, then your tax dollars take 100 years and 20 times the money to restore the land and groundwater for miles around.
Short term greed. Half the world's problems right there.
 
2014-06-15 05:15:28 PM  

tjgosurf: You do realize that once the price drops below a certain amount per barrel domestic production stops right?


You do realize that that "certain amount" is never more than 5 cents below the current price, right?
 
2014-06-15 05:16:07 PM  
Please understand that the American consumer is soon to be outnumbered by a new middle class in China and India that are cheaper to maintain.  That is what all this exporting is about.  The world's wealthy are sucking the US dry, then skipping town across the ocean.  That will leave the US to eventually become the new 3rd world labor force to make cheap goods for those new middle classes.  That is why your gas is so expensive, and it is falling in price over there.

The right is cheering on this process, being largely ignorant of their fate.
 
2014-06-15 05:18:05 PM  
Thanks Obama Taco Bell
 
2014-06-15 05:18:21 PM  

StrikitRich: Bit'O'Gristle: Really, is that a fact? Then why does my gas still cost me 3.67 a gallon?

You can have all the oil in the world, but if you have gutted your refining capabilities and then export much of the gasoline you refine then what your are left with is an artificial shortage.


It's not like they're exporting it at a lower price just to screw with you.  It's a global market and it goes to whoever offers to pay the most.
 
2014-06-15 05:19:52 PM  
Drill, Baby, Drill, 'Cause Oil Independence makes Peak Oil, Hide Offshore.
/or sumptin'
 
2014-06-15 05:20:49 PM  

StrikitRich: Bit'O'Gristle: Really, is that a fact? Then why does my gas still cost me 3.67 a gallon?

You can have all the oil in the world, but if you have gutted your refining capabilities and then export much of the gasoline you refine then what your are left with is an artificial shortage.


Aww, that is so 1970's.
 
vpb [TotalFark]
2014-06-15 05:21:11 PM  

Bit'O'Gristle: Really, is that a fact? Then why does my gas still cost me 3.67 a gallon?


(Rolls 8 ball) We need to send more troops to Iraq?
 
2014-06-15 05:21:29 PM  

TuteTibiImperes: I'm not sure that's something to be proud of given the damage to the environment we're doing with fracking to get that gas.


As if Russia is such the exemplary environmental steward. Or China, or India, or Mexico etc. etc.
 
2014-06-15 05:24:51 PM  
That's great news. Now, if you use these great resources economically and responsibly and share ...

RAOFLMAO!

It just ain't gonna happen, is it?

Same with Canada's gigantic reserves of unconventional oil and gas.

Plunder & Squander Inc are not going to allow it. Gotta get the fossil sunlight back into the atmosphere before the price of real sunlight falls below a few cents a kilowatt.
 
2014-06-15 05:24:57 PM  

King Something: tjgosurf: You do realize that once the price drops below a certain amount per barrel domestic production stops right?

You do realize that that "certain amount" is never more than 5 cents below the current price, right?


It costs 3.5 million for a horizontal in Colorado and 7 million for a horizontal in North Dakota. Depending on the well it's not really feasible to drill if there's no profit involved.
 
2014-06-15 05:27:24 PM  

encephlavator: TuteTibiImperes: I'm not sure that's something to be proud of given the damage to the environment we're doing with fracking to get that gas.

As if Russia is such the exemplary environmental steward. Or China, or India, or Mexico etc. etc.


That's the point.  Let them ruin their environment for gas, we don't need to do it here.
 
2014-06-15 05:28:12 PM  

TuteTibiImperes: I'm not sure that's something to be proud of given the damage to the environment we're doing with fracking to get that gas.


Yes.

THANKS FOR DESTROYING THE ENVIROMENT OBAMA!
 
2014-06-15 05:31:42 PM  
ORLY?

That must totally explain why the cost of energy in America is so sky high despite so many other energy markets forcefully opened to exporting now(Iraq, Libya) and newer markets also starting to blossom, like solar. It must also explain why we are producing and selling so much that we continue to just teeter on the crater of a second great depression. I can so feels me some of that trickling down from the top.

Maybe I am just impatient, but with these kinds of reports I am thinking it just may be about time to put some heads from the elites, rich and bankers on pikes along the roads in and out of the state capital cities.

/And queue other armchair analysts starting with self proclaimed doctoral economists followed by the Zeitgeist crew in 3, 2, 1...
//Seriously curious though if all this is the fiat currency system, extended wars, greedy rich or what it is that keeps things craptacular for inflation and economy.
///Suck it, Russia.
 
2014-06-15 05:31:52 PM  
During Bush's admin., Fox news took great pains to show how a sitting president had no affect on oil prices.
Once Obama was in office, Fox News was all over him for causing oil prices to go up..
 
2014-06-15 05:36:56 PM  

Bit'O'Gristle: Really, is that a fact? Then why does my gas still cost me 3.67 a gallon?


I drive a Chevy Volt so I wasn't aware of gas prices. Haven't put gas in the car in 4 months.
 
2014-06-15 05:37:55 PM  
Is this going to be another thread where we argue about the definition of "fungible"?
 
2014-06-15 05:37:56 PM  
Gas prices are high because we don't have enough refineries.
 
2014-06-15 05:39:36 PM  
If only we had elected Michelle Bachmann this wouldn't have happened.

http://money.cnn.com/2011/08/18/news/economy/bachmann_gas_prices/
 
2014-06-15 05:39:53 PM  

Kumana Wanalaia: Gas prices are high because we don't have enough refineries.


To get any traction at all, you are gonna need a catchy catch phrase.
 
2014-06-15 05:42:20 PM  

king of vegas: Bit'O'Gristle: Really, is that a fact? Then why does my gas still cost me 3.67 a gallon?

I drive a Chevy Volt so I wasn't aware of gas prices. Haven't put gas in the car in 4 months.


Do you eat food?  It was delivered to the store using a truck and the price of fuel affects the price of bread and milk.
 
2014-06-15 05:43:51 PM  

TuteTibiImperes: I'm not sure that's something to be proud of given the damage to the environment we're doing with fracking to get that gas.


Citation please.

Right now, what you have is an opinion

http://environment.yale.edu/envy/stories/fracking-outpaces-science-o n- its-impact
 
2014-06-15 05:45:13 PM  

King Something: Any news on Generalissimo Franco?


media-cache-ec0.pinimg.com

"Wait ... wut?"
 
2014-06-15 05:45:32 PM  

rzrwiresunrise: History's. Greatest. Monster.

Greatest.

Monster.


Obama didn't do that!
 
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