Quote from: TDoS on Feb 12, 2024, 03:51 PM

Quote from: RE on Feb 12, 2024, 01:11 AMAs it turned out, the economy cracks at around the $80 mark, so any of the plays with production costs over about $70 aren't profitable.

Data on one of those plays contained here. So the interesting point is...obviously some folks know quite well how much oil there is for a given price...but these constructs are HARD to find.

Is it because by simply assembing them together in one place all the conspiracy angles and peak oil claims would be dispatched and we would know WAY more about remaining oil volumes than we should?

If someone had proposed the US export oil in the mid 1970's they would have been shot.  Then years go by and I hear that the law has been changed so oil can be exported.

QuoteEffective immediately and subject to limited restrictions, U.S. producers may begin exporting crude oil to overseas customers.

On December 18, 2015, the President signed into law the massive Consolidated Appropriations Act of 2016, H. R. 2029, which previously passed both Houses of Congress with large bi-partisan majorities. An important part of this act is a provision that repeals the 1975 law that generally prohibited the export of crude oil produced in the United States.

The purpose is to enrich a small minority and to use oil exports as a weapon for the exclusive use by this same small minority.

Now oil is being exported to hold Russia back, by our elites without citizen permission.  The American elite is quite comfortable thinking the whole world belongs to them.  They should be comfortable.  I don't see many people telling them they are full of shit.  Everybody here believes rich people own everything and that the rest of us are all happy owning nothing.  It is the zeitgeist.

Enough oil can be pumped so the U.S. elite can keep the price low and PARTY ON.  If oil gets expensive many U.S. elite will lose their jobs.  At that time they will retire to gated community bunkers.  American political incompetence will no longer pay as things go to shit, so the U.S. ruling elite want to keep price low as long as possible.  Because when price goes up existing elite control will be challenged.

Reductionist thinking tries to look inside and always find reasons.  Often missing the big picture, sometimes denial even ascends to the absurd view that the big picture can't exist because reasons can't be found.  We should pay attention to the big picture.  U.S. oil exports are not helping citizens.  It would be if we had Carbon Fee and dividend, but U.S. elites will gouge out their eyes before they will let Carbon Fee and Dividend be a reality.  The exports are supporting the death industry.

This is what Americans vote for:    because it is good for our elites, it kills people.  And that is all that matters to the brain dead.