Ukraine / Russia

[406dn]

I think currently a lot of that oil is trained down, to US or goes through existing lines I think Alberta could up production... I feel like I remember reading Conoco had the largest position but it's been a while since I read much on the tar sands.

@406dn any thoughts, also it's the Canadian process more 'mining' than drilling?

My employer had a significant operation in Alberta. My understanding is that it is indeed more like mining. The tar is washed off the sand with steam. Then the tar is sent thru a coker, with the cracked oil becoming the syncrude. The bottoms, or coke, is then burned to make steam to wash tar out of the sand.

Also, the syncrude that came to Montana refineries came down existing pipelines. What they did with the remaining, I'm not certain. My hunch is the Keystone pipeline was needed to really scale up the various operations.

 

[Southern Elk]

Yeah but in 1985, 100% of Americans wanted Drago to lose
View attachment 214578

And by the end, most Russians.

 

[BigHornRam]

Remember when Romney flat out said that US's biggest threat was Russia... Now he's a pariah in his own party.

I voted for Romney over Obama/Biden and think he would have been a better President.
As a Senator from Utah, his Supreme Court voting record has been solid so far.

The False Hope of Mitt Romney

A 73-year-old white Republican man is not going to save the Supreme Court, but maybe the rest of us can.

www.vogue.com

 

[BigHornRam]

Romney's position on BBB was good. He explained his support for the infrastructure bill in a statesman like manner.

‘Build Back Better’ is not fully baked and gives tax breaks to millionaires - Mitt Romney

It’s almost like they’re trying to confuse us. Well, not almost — they are. There are two bills that have been banging around in Washington and the Democrats desperately want people to think that they are the same thing. They are not. One is about upgrading our nation’s physical infrastructure...

www.romney.senate.gov

"This bill is not yet fully baked; it will continue to pingpong between the Democrats in the House and in the Senate. The House version that was passed last week calls for $1.7 trillion in new spending. It increases taxes, the national debt and audits by the IRS. It expands Medicare, includes parts of the Green New Deal and has the federal government provide universal pre-k.

Stunningly, it increases benefits to illegal immigrants and gives huge tax breaks to millionaires, particularly in states like New York and California. Senate Democrats will surely construct a version to their own liking. I’d much prefer it if they just shut it down."


Doesn't sound like a pariah to me.

 

[np307]

Doesn't sound like a pariah to me.

You haven't spoken to the contingent of Rs that worship Trump. They can't stand Romney and will never vote for him.

 

[BigHornRam]

You haven't spoken to the contingent of Rs that worship Trump. They can't stand Romney and will never vote for him.

Did you vote for Romney?

 

[np307]

Did you vote for Romney?

Yes. Would vote for him again.

 

[VikingsGuy]

A little long, but interesting assessment.

 

[BigHornRam]

Yes. Would vote for him again.

Don't think he's running again though. I would like to see someone other than Trump in 2024.

 

[VikingsGuy]

I like their spunk and will probably buy one of these, but as freedom fighter slogans go, I prefer "Don't Tread on Me"

 

[noharleyyet]

I like their spunk and will probably buy one of these, but as freedom fight slogans go, I prefer "Don't Tread on Me"

View attachment 214599

Made in China?

 

[Bigjay73]

Don't think he's running again though. I would like to see someone other than Trump in 2024.

And other than Biden. We're in desperate need of fresh blood

 

[np307]

Don't think he's running again though. I would like to see someone other than Trump in 2024.

No I don't think he is. Just saying I would if he were.

 

[LWC55]

Don't think he's running again though. I would like to see someone other than Trump in 2024.

Me too. A vibrant economy, low energy costs, and no wars is so....boring.

 

[VikingsGuy]

And other than Biden. We're in desperate need of fresh blood

I would love to see both parties run someone under the age of 65 who has avoided the culture wars of the last 6-7 yrs in 2024 - but not holding my breath on either account.

 

[VikingsGuy]

Me too. A vibrant economy, low energy costs, and no wars is so....boring.

First off, we had 4 yrs of "boring" war in Afgahnastan.

Some believe that we can have a vibrant economy and low energy costs without also having a crass and divisive POTUS. Just sayin'.

 

[Deleted member 28227]

I still think that Keystone pipeline shutdown was nothing but idiotic. I'd rather we but as much oil from our friends next door than anywhere else.

I would rather import from Canada as well, but I think at the end of the day the American people need to deal with the fact that you can't sanction Venezuela, Iran, and Russia at the same time and not pay more.

Further, what about all the allies of ours that aren't producing countries? "End foreign oil dependence” is a common refrain, and while we are damn close, with current global demand you aren't producing enough for the US + Europe et al.

A couple articles I've read are bullish to $160 near term but then predict a demand correction and then bearish of $100 oil.

I've also not heard much about gas sanctions, for instance Nord Stream I is still flowing. I'm not sure what happens to Europe if you shut down gas.


The natural gas “Barrel of oil” is MMBtu (for others reading who don't follow commodities)

The Henry Hub is one of the US bench marks, for the last decade the US has been mostly in the $3-4 range.




TTF is the Dutch/ European number... it's typically in the $20s, which is why Marcellus/Utica producers have wanted to build more LNG plants on the east coast and pipelines out of PA/WV/OH.

Anyway TTF hit $100 today, and it's been sitting above $50. Henry Hub, unlike WTI for oil hasn't moved since the war started.

I think the Henry Hub "insulation" in many ways highlights the fact that the US is stopping supply elsewhere in the world but not doing much to add to our allies collective energy security needs.

To me gas more than crude is going to be the linchpin for Europe, Russia provides 20% of their gas.

 

[noharleyyet]

First off, we had 4 yrs of "boring" war in Afgahnastan.

Some believe that we can have a vibrant economy and low energy costs without also having a crass and divisive POTUS. Just sayin'.

...enough about sniffy the uniter, ok?

 

[LWC55]

First off, we had 4 yrs of "boring" war in Afgahnastan.

Some believe that we can have a vibrant economy and low energy costs without also having a crass and divisive POTUS. Just sayin'.

I don't know if it was boring but 4 years under Trump in Afghanistan is about 2 crazy weekends in Chicago, to put it into perspective. With everything going on in the world and you are worried about being crass and mean tweets. I guess you have to have priorities.

During the entire Trump presidency, from January 2017 until January 2021, a total of 63 U.S. military service members lost their lives in the war in Afghanistan, reports the Defense Casualty Analysis System.

 

[BigHornRam]

I like their spunk and will probably buy one of these, but as freedom fighter slogans go, I prefer "Don't Tread on Me"

View attachment 214599

I would LMAO if crude and crass Trump wore that shirt next time he's running his mouth in front of a camera.