It’s not Biden’s fault
It’s all your democrat friends that voted for him that are screwing you and patting you on the back while handing you a beer.

Now that's leadership, by golly!

Why would anyone produce/manufacture anything when you can sell a limited stock item for 3 times the money

Buy canadian oil and gas stocks. SU, cve . wcp, . They will make you smile. old243

Personally I think Kansas Cat nailed it, no offense to White.

I asked my question not out of my own ignorance but to get others opinion and to also try learn something.

What has caused the situation in Cushing started a while ago. Negative oil prices eventually come with consequences.

Kansas Cat, what is your opinion the idea of peak oil, this u

I truly don't have one. Is there such a thing, are we reaching it in the us production

We're centuries away from peak petroleum. More oil is produced in the oceans every year than we currently consume.

What should concern us is peak phosphorous.

Chemist and science writer Isaac Asimov described phosphorus as “life's bottleneck” and warned 30 years ago, “[W]e may be able to substitute nuclear power for coal, and plastics for wood, and yeast for meat, and friendliness for isolation—but for phosphorus there is neither substitute nor replacement”

https://www.annualreviews.org/doi/10.1146/annurev-environ-010213-113300

In 2019 XTO had 26 rigs running in USA. As of right now they have 4 running. Last year ExxonMobil booked a loss of 23 Billion. They had to borrow money to pay there bills. On top of they they laid off 25% of there work force. Right now they are focusing on paying down debt and keeping there offshore commitments going. On top of that China is buying coal, oil and natural gas like crazy anticipation a very cold winter. The oil wells in west TX and New Mexico decline fast. The only way to make money with them is drill them cheaper and drill more of them. There is a lot of rigs going back to work but it’s going to take time now to get them out. Remember Biden stops approving any new wells on federal land. That cuts off most of New Mexico, CO, and WY. On top of all of that companies are waiting to see what is going to happen with green energy. I read where speculators are betting this time next year oil will hit $200 bbl. I worked in Saudi for many years I don’t think they can ramp up there oil production as fast as they say they can. Even if they can they are looking to make up for they losses from last year.



Even if we can get the rigs drilling we are having a hard time finding equipment needed. Such as well heads are 12 to 18 month lead time now. Just try to buy a valve or anything is over a year before we can get it.


The shut down last year is going to take 5 years to get over. Get ready to chop wood to heat your homes.

My take on this, if we look at the big picture.. Yes, there are lots of things going on, lots of areas being affected. But, it is all about control. The mask mandates, the shot, gas prices and supply, supply chain disruption, political and racial division, the borders, the media and big tech, unemployment and handouts, governmental debt, all of it. They want control and will lie, manipulate, and do whatever is necessary to achieve it. They are after power and they don’t care who it hurts, how many it destroys or kills in the process. Weaken, create fear, divide and conquer. The United States is the last stumbling block to a global economy. It has to fall for them to move foreword. It is bigger than our government.