Pikser
Full Access Member
- Joined
- Jan 20, 2017
- Posts
- 310
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- 356
Saudi crude is 34 API and is considered as medium weightGood points but partially true.
We need more refineries number one. We’ve needed more for years. Our refineries are set up for heavy crude, similar to what Saudi Arabia produces. Shale crude is sweet light crude that’s why we export it.
And drilling permits do not happen overnight. Those permits were filed and went through the process under trump and finalized under the new regime. Under trump it took 30-60 days to get a drilling permit, under Obama and Biden it is usually 180+ minimum. I drill wells for a living, I get it. More under Biden is political theatre as you would say.
This oil price is not good for anyone. But when the market is based off speculation and a weak president is in the office prices will sky rocket.
You’re correct there is a lot more than drill baby drill but we cannot simply sit back and hope other countries provide for us. The energy transition is a bunch of BS and will bankrupt this country before it does anything else.
This isn’t the topic for the “energy transition” BS. Total scam by the way.
Heavy crude was mainly from Venezuela and from Canada