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No..production is the correct term

Posted on: March 13, 2020 at 16:12:18 CT

Spanky KU

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M.O.B. Votes:

For oil, supply is the amount pumped from the ground (and not consumed) plus the amount in the ground and not yet pumped.

Production is that part of the supply that has been pumped from the ground.

Please explain why this message is being reported.

REPLY

MESSAGE THREAD

Oil company bailout! - MrBlueSky MU - 3/13 15:01:48

I hope he does it from shale production(nm) - tigerinhogtown STL - 3/13 15:56:17

No it isn't. Its smart to keep it filled up, when - GA Tiger MU - 3/13 15:09:18

Why should the government be doing that? - meatiger MU - 3/13 15:15:39

First, we should NOT be an exporter. Its stupid. Thats - GA Tiger MU - 3/13 15:34:09

so if production exceeds demand - meatiger MU - 3/13 15:55:28

you mean supply? (nm) - pickle MU

- 3/13 16:05:08

No..production is the correct term - Spanky KU - 3/13 16:12:18

Are you calling for nationalization of the oil industry - pickle MU

- 3/13 15:40:23

So the companies shouldn't be able to make money - MrBlueSky MU - 3/13 15:35:55

LIAR LIAR LIAR ^^^^^^^ (nm) - TigerFan92 MU - 3/13 15:04:46

That's actually pretty smart. More reserves=less reliance - Ragnar Danneskjold MU

- 3/13 15:03:40

We are now a net exporter - meatiger MU - 3/13 15:14:56

it is totally smart. The SPR has capacity, and oil is - TigerJackSwartz MU

- 3/13 15:04:40