Tbird19482
Verified User
here is what I founfAnd I'm waiting for a car that runs on unicorn pee.
PO so you mean EOs . Biden stopped the the Keystone XL by EO.
As of August 30, 2024, President Joe Biden (D) had signed 141 executive orders, 206 presidential memoranda, 650 proclamations, and 136 notices.
Thousand of construction jobs were lost. I was looking for a new/used welding machine at that time on RB Brother's auctions. There were literally hundreds being auctioned off. Most likely from a welder that lost his job when the XL project slowed down.
Gulf coast refiners can and DO refine tar sands. I have family that work in refineries that would have refined that Canadian oil. A significant portion of it would have been refined in Texas and Louisiana. We refine oil in compliance with much more strict environmental standards than China . Where would you prefer it be refined. Here by Americans or in China. The oil is currently being produced and sold which was better for the world's environment?
Meh oil companies go bust every day.
What the oil industry watches as a sign of health in the industry is the number of rotary rigs in operation (drilling rigs).
2016 there were 1744
2017 there were 2019tary rigs on line?
where did you get your info on the number of rotary rigs on line2018 there were 2178
2019 there were 2008
Then COVID hit people drove less and oil prices fell.
2020 there were 1075
2021 there were 1510
2022 there were 1763
2023 there were 1577
So as you can see there were more oil wells being drilled during Trump and Harris/biden still have not got to the peak level Trump hit before COVID.
Trump took over at 8.873 million production and peaked at 13 million. a 146% increase
Biden took over at 11,152 and has peaked at 13,249 a 118% increase
Exxon makes lots of different oil products not just gasoline. Natural gas kerosene jet fuel refined oils etc etc etc.
It is very obvious that you really don't have a firm grasp of how the oil industry works.
here is what I found
https://www.eia.gov/dnav/ng/hist/e_ertrro_xr0_nus_cm.htm
5 | 1,332 | 1,050 | 857 | 750 | 662 | 634 | 649 | 673 | 650 | 597 | 566 | 537 |
2016 | 510 | 430 | 384 | 348 | 320 | 330 | 359 | 397 | 416 | 436 | 462 | 507 |
2017 | 542 | 593 | 634 | 685 | 714 | 747 | 765 | 764 | 752 | 741 | 738 | 748 |
2018 | 750 | 788 | 799 | 817 | 845 | 861 | 861 | 864 | 864 | 870 | 884 | 880 |
2019 | 866 | 853 | 830 | 824 | 802 | 790 | 782 | 760 | 726 | 708 | 678 | 673 |
2020 | 671 | 678 | 663 | 471 | 267 | 196 | 181 | 178 | 181 | 204 | 234 | 260 |
2021 | 287 | 305 | 315 | 341 | 353 | 367 | 381 | 400 | 407 | 439 | 458 | 475 |
2022 | 490 | 514 | 525 | 546 | 568 | 583 | 599 | 601 | 598 | 609 | 621 | 623 |
2023 | 616 | 604 | 591 | 590 | 580 | 551 | 534 | 521 | 510 | 501 | 498 | 501 |
2024 | 499 | 500 | 507 | 508 | 497 | 486 | ||||||
sure doesn't look like anything your saying
looks like 178 on line in AUG 2020
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