[Cog]

Bless you heart shorty. You are trying so hard.

[rockdoc123]

$this->bbcode_second_pass_quote('', 'T')he only explanation that makes any sense is that demand is down in the rest of the world,

[shortonoil]

$this->bbcode_second_pass_quote('', 'm')aybe in your bizarro reality but in the real world global demand for oil continues to rise as illustrated in the BP report discussed up thread.

[rockdoc123]

$this->bbcode_second_pass_quote('', 'W')e have now come full circle, growing inventories are now a sign of "increasing" demand? That sounds like more debt is good for the economy! You will find all of this on page 23 of the "Double Speak Dictionary"! Edited and published by Big Brother and Company Publishing.

[shortonoil]

$this->bbcode_second_pass_quote('', 'S')o maybe you believe that growing inventories are going to push Speculators into long positions?

[Cog]

Bless your heart shorty. You are trying so hard to be relevant.

[ROCKMAN]

creed - Now that you mention it the US is a super power in another area. "...our debt started to shoot up after the 1970 when we started to import crude." And how could we have sustained that borrowing? The US is a super power when it comes to being credit worthy. Just think how different the Greek economy would be if it had the same status as the US. Despite the none stop bullsh*t coming out of DC these days we still have one of the most stable govts on the planet. And military? I don't think many are worried about Canadian or Mexican tanks rolling across the border like we saw Russian tanks do in Crimea.

Yes: the US has gotten by with a staggering amount of debt. But a large portion was supplied by foreigners. IOW the only difference between having $500 billion in the bank and borrowing $500 billion is the interest payment. And if you can keep paying the interest by borrowing those monies too that's a sweet deal, isn't it. Of course, only until you can't.

[ROCKMAN]

creed - Re Louisiana biofuels I found this. Not sure of the data but I think fairly recent. From

http://loga.la/louisiana-biofuels-indus ... rint=print

"Louisiana possesses the most renewable diesel production capacity in the country and possibly the world. The bulk of that production lies in the Baton Rouge and New Orleans regions. Emerald Biofuels’ 85-million-gallon plant in Plaquemine will lift that capacity to around 300 million gallons.

Still, nearly a decade into the green fuels push, the state’s biofuels industry appears quite different than many imagined it would. Most of the state’s renewable fuels spring from animal fats and grease, rather than so-called energy crops: the corn, sugar cane and other plants once considered the most promising feedstocks. Recent studies have shown corn-based ethanol is more harmful to the environment than gasoline.

Meanwhile, trees and forestry waste are key to two different businesses. One turns the woody biomass into pellets that will be burned in overseas power plants. The other converts the same materials into gasoline. Sundrop Fuels is planning a $450 million plant in Alexandria. The facility will take natural gas and cellulose, the inedible, fibrous part of a plant, and use a chemical reaction to turn the feedstock into synthetic gasoline.

Another is Cool Planet Energy’s mini-refinery, also in Alexandria. The $56 million facility will also turn trees into high-octane gasoline, 10 million gallons a year to be exact. But Cool Planet says its process also creates a second product that may prove even more valuable: a high-tech charcoal that allows soil to retain more nutrients, helping plants grow faster."

[AdamB]

$this->bbcode_second_pass_quote('creedoninmo', 'A')dam B: You are basically not saying anything. I am not here to waste my time with someone who says nothing.

[AdamB]

$this->bbcode_second_pass_quote('creedoninmo', 'T')he U.S. is not an energy producing super power.

[AdamB]

$this->bbcode_second_pass_quote('creedoninmo', 'C')NBC is saying that the current drop in oil prices is due to the fact that the Saudis haven't cut supply enough. In another month they will be back out with another story about how the price is going to go back up because OPEC is cutting supply. They've been playing the same game for seemingly years now.

[AdamB]

$this->bbcode_second_pass_quote('creedoninmo', ' ')You are right, we can out bid the rest of the world for crude.

[AdamB]

$this->bbcode_second_pass_quote('rockdoc123', '
')This raises suspicions that either you never actually look at real data or you have a very difficult time understanding what it is telling you.

[creedoninmo]

Adam B: Oil production by country; Wikipedia; 2016 data: U.S. 8.875 mb/d, Russia 10.551 mb/d, Saudi Arabia; 10.460 mb/d.
Oil consumption by country: U.S. 19,396,000 barrels/day, Russia 3,113,000 barrels/day, Saudi Arabia 3,889,000 barrels/day,

[AdamB]

$this->bbcode_second_pass_quote('creedoninmo', 'A')dam B: Oil production by country; Wikipedia; 2016 data: U.S. 8.875 mb/d, Russia 10.551 mb/d, Saudi Arabia; 10.460 mb/d.
Oil consumption by country: U.S. 19,396,000 barrels/day, Russia 3,113,000 barrels/day, Saudi Arabia 3,889,000 barrels/day,

[AdamB]

$this->bbcode_second_pass_quote('pstarr', '')$this->bbcode_second_pass_quote('creedoninmo', 'A')dam B: Oil production by country; Wikipedia; 2016 data: U.S. 8.875 mb/d, Russia 10.551 mb/d, Saudi Arabia; 10.460 mb/d.
Oil consumption by country: U.S. 19,396,000 barrels/day, Russia 3,113,000 barrels/day, Saudi Arabia 3,889,000 barrels/day,

[EdwinSm]

The person who posted the OP interpreted the EIA's statement "the world's top producer of petroleum and natural gas hydrocarbons" as equaling "energy producing superpower".

I am not sure why he felt he needed to correct the careful statements that came from "from energy experts", but it does open up the discussion of what "superpower" actually means.

If "superpower" is the ability to project that power around that world, then the fact that most of that fantastic amount of hydrocarbons are used internally to the country with the need to import some extra to met the apparently insatiable demand means that it is not a "superpower" under that definition.

Maybe it would have helped discussion if the OP had not felt that the wording of the EIA statement was not sensational enough. Also could he define "superpower" and how it relates to exports and domestic consumption.

[shortonoil]

In 2016 the US had 155 bankruptcies in the oil and gas industry. With $40 oil back, in 2017 the Super Energy Power can now produce more Super Debt that can never be repaid. The oil industry is not heading for super energy production, it is heading for super bankruptcy procedures.

Would someone in admin please take out that stupid object subtitle that we did not put in. You guys are really turning into a pack of assholes. Correction, ignorant assholes.

[Cog]

Perhaps you could start your own thread and name it as you wish. I like the thread title just the way it is.

[shortonoil]

$this->bbcode_second_pass_quote('', 'P')erhaps you could start your own thread and name it as you wish. I like the thread title just the way it is.