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Supply does not equal production

Posted on: March 8, 2022 at 10:28:44 CT

KC rules MU

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M.O.B. Votes:

It's not like you turn a spigot and the oil starts to flow again.

Supply is also a misleading term. Some oil is only economical at 70$ per barrel and, hence, is not "supply" if the price is $50 per barrel.

Please explain why this message is being reported.

REPLY

MESSAGE THREAD

For those blathering about "lack" of oil production - meatiger MU - 3/8 09:34:22

yer an imbecile. now do production vs demand for last 5 year - TigerFan92 STL - 3/8 10:29:38

We aren't close to the barrels a day that we were - tman MU - 3/8 10:12:00

We will essentially be there by the end of the year - meatiger MU - 3/8 10:23:44

RE: We will essentially be there by the end of the year - KC rules MU - 3/8 10:41:58

We will see. It isnt just bringing stuff back on line - tman MU - 3/8 10:29:45

I know that - meatiger MU - 3/8 10:34:05

You don't even know where the Dakotas are?(nm) - tman MU - 3/8 10:36:17

That is not what I literally meant - meatiger MU - 3/8 10:38:46

Well what did you mean. Here comes the spin(nm) - tman MU - 3/8 10:53:19

LMFAO...You thought he meant he - mizzoumurfkc KC - 3/8 12:13:32

RE: Well what did you mean. Here comes the spin(nm) - meatiger MU - 3/8 11:01:55

Then why are my gas prices up when we have - Iron XU - 3/8 10:05:45

Supply does not equal production - KC rules MU - 3/8 10:28:44

yep, it's all about demand, gas production facilities - tigerinhogtown STL - 3/8 09:59:22

The oil companies are not the one creating the advantage - meatiger MU - 3/8 10:02:47

BUT WE WERE INDEPENDANT UNDER TRUMP!!!!!!! - mizzoumurfkc KC - 3/8 09:52:18

Neither the policies of the Trump or Biden administration - KC rules MU - 3/8 09:59:21

Correct...and people claiming we were oil independant - mizzoumurfkc KC - 3/8 10:17:32

Biden also stopped drilling inAlaska. Fed permits on hold. - RHAYWORTH MU - 3/8 10:07:52

oil production in Alaska - meatiger MU - 3/8 10:32:57

That is not true. You confuse new leasing with drilling - KC rules MU - 3/8 10:24:56

You should post here more often... - mizzoumurfkc KC - 3/8 10:45:01

They don't want to learn - JayHoaxH8r MU

- 3/8 10:57:17

They don't want and are not capable - mizzoumurfkc KC - 3/8 11:22:15

Some are capable - JayHoaxH8r MU

- 3/8 12:40:47

Minor point, but we produce millions of bad, not - jmlppx MU - 3/8 09:50:54

I just copied over the number stated - meatiger MU - 3/8 09:54:02

RE: I just copied over the number stated - jmlppx MU - 3/8 09:58:34

I suspect that production will go higher than forecasts - meatiger MU - 3/8 10:01:05

Agreed. In my experience, hiring during boom times was - jmlppx MU - 3/8 10:32:29

The Dakotas are just west of Minnesota (nm) - kmawv8 MU - 3/8 10:06:04

in terms of oil production(nm) - meatiger MU - 3/8 10:13:59

Still west of Minnesota(nm) - tman MU - 3/8 10:35:33

no ****(nm) - meatiger MU - 3/8 10:38:17

RE: I just copied over the number stated - jmlppx MU - 3/8 09:56:54

BPD (nm) - jmlppx MU - 3/8 09:51:57

We need more. We have more. Maybe iran will help us. And - hokie VT - 3/8 09:36:26

Meat used a good source. He is correct(nm) - jmlppx MU - 3/8 09:55:14

Why don't you believe the reports? - meatiger MU - 3/8 09:42:00

Oil production always ramps up in the US when prices are - kmawv8 MU - 3/8 09:38:05

I love how R's think D's are so against oil production - meatiger MU - 3/8 09:44:30

Are D's getting ready to ditch the GND like they are - MIZ45 MU - 3/8 09:47:33

lol there it is (nm) - Sal CMSU - 3/8 09:44:40

All the griping below - meatiger MU - 3/8 09:47:24

They got a foxnews article with a quote from a - JayHoaxH8r MU

- 3/8 10:17:42

lol you posted an opinion piece (nm) - Sal CMSU - 3/8 10:20:22

facts are opinion, moron (nm) - ashtray UF - 3/8 09:40:54