Investing Thread

[tower912]

The United States expanded sanctions on Iranian oil yesterday in response to Iran's attack on Israel.

To Viper's point, it is theoretically possible that Iranian oil shipped to Russia could have been then shipped to India for processing and then on to the US.   But the US has absolutely forbidden direct import of Iranian oil for quote a while.

[MuggsyB]

The United States expanded sanctions on Iranian oil yesterday in response to Iran's attack on Israel.

To Viper's point, it is theoretically possible that Iranian oil shipped to Russia could have been then shipped to India for processing and then on to the US.   But the US has absolutely forbidden direct import of Iranian oil for quote a while.

India needs to get their act together with regards to Iran. 

[Viper]

India needs to get their act together with regards to Iran.

India is focused on the shiithole known as Pakistan.

[Viper]

lol. So ignorant.

Kami wins and see the shiiit fly, Sultan. USA will be toast.

[tower912]

Yes.  India and Pakistan have had disagreements over the years.

[Viper]

US economy still uses plenty of Russian oil and related products through India though.

...and to think, the hated Orange Man had us energy independent. Me? Doing my best to ensure 45 is 47.

[The Sultan]

...and to think, the hated Orange Man had us energy independent. Me? Doing my best to ensure 45 is 47.

We are energy independent now. Producing more than ever.

[The Sultan]

Kami wins and see the shiiit fly, Sultan. USA will be toast.

😂😂😂

[tower912]

It fascinates me that Texas is drawing ever more energy from renewables and looking to connect their grid to the rest of the country.   The transition is happening while a subset rails it will never happen.

[rocket surgeon]

lol. So ignorant.

  so ignorant?  seriously? 
 
are you kidding?  imagine no gas-petroleum, electric , nuclear, wind, water, solar, hamster wheels


  then what do you have?  SQUAT!!

tell me differently Mr most interesting loser guy

[rocket surgeon]

It fascinates me that Texas is drawing ever more energy from renewables and looking to connect their grid to the rest of the country.   The transition is happening while a subset rails it will never happen.

the "subset" never railed that it will never happen-we rail that we aren't ready for your calls for 100% reliance on renewable or carbon free

[The Sultan]

  so ignorant?  seriously? 
 
are you kidding?  imagine no gas-petroleum, electric , nuclear, wind, water, solar, hamster wheels


  then what do you have?  SQUAT!!

tell me differently Mr most interesting loser guy

I literally have no idea what you are trying to communicate. We are drilling more oil than ever. More oil than any country in the history of the world. These are indisputable facts.

[tower912]

While developing solar at a rapid rate.


Both/and

[The Sultan]

While developing solar at a rapid rate.


Both/and

Right. But we have dimwits here who think Kamala is going to ban gasoline or something.

[HutchwasClutch]

Right. But we have dimwits here who think Kamala is going to ban gasoline or something.

She only said when running for president in the Democratic primary she wanted to ban fracking.  Now that she has to appeal to voters who are not just radical liberals she'll take any position to get herself elected. 

[The Sultan]

She only said when running for president in the Democratic primary she wanted to ban fracking.  Now that she has to appeal to voters who are not just radical liberals she'll take any position to get herself elected. 

Ok. Nothing you just said disputes my point. I apparently learned, not to my surprise, that you're easily manipulated.

Another added to the dimwit category.

[HutchwasClutch]

Ok. Nothing you just said disputes my point. I apparently learned, not to my surprise, that you're easily manipulated.

Another added to the dimwit category.

"Ban gasoline or something" is what you wrote. I guess when you're purposely vague you get to change the argument as you go. You also touted our domestic oil production just before that. 

Who's the dimwit defending the most dimwitted candidate ever and wanting 4 more years of the awful and destructive policies that even Democrats and the cackler are trying (unsuccessfully) to distance themselves from? 

[The Sultan]

"Ban gasoline or something" is what you wrote. I guess when you're purposely vague you get to change the argument as you go. You also touted our domestic oil production just before that. 

Who's the dimwit defending the most dimwitted candidate ever and wanting 4 more years of the awful and destructive policies that even Democrats and the cackler are trying (unsuccessfully) to distance themselves from? 

"Awful and destructive policies???" 😂😂😂

Economy rolling...oil production sky rocketing...crime down...Russia, Iran and China are down...

I'll take these "awful and destructive policies" not only for the next four years, I'll take them for the rest of my life.

[rocket surgeon]

I literally have no idea what you are trying to communicate. We are drilling more oil than ever. More oil than any country in the history of the world. These are indisputable facts.

  it's not that hard sally-tower said the "subset" (i'm assuming he means people who don't agree with his global warming blah blah) does not believe in alternative forms of energy, which is totally false

yes, i know we are still drilling for oil, but too much gubmint money subsidizing "green energy" crap.  anytime you mention green to you know-nothing alarmists, your eyes go bloodshot

[forgetful]

don't have to agree...it's just my take...but i appreciate the tip of the hat, Tower. This I do know...everything revolves around energy. Costs of groceries, our utilities, everything. Go full steam ahead on production, cut regs...then our eco will be rolling.

Go full steam ahead on production? Who pays for it? Almost all of our untapped reserves cost more to extract than the current cost of oil. Even if they were tapped, at a loss to the companies, that would result in a decrease in the cost of oil, and extensive losses for most of the oil industry, making new extraction even less affordable.

Right now, in the US recovery from existing wells costs $35-40 per barrel to produce. For currently available leases, newly drilled wells on average cost around $60-65 per barrel to produce (and those are the cheapest new reserves to tap. That is why oil prices always fluctuate (except for COVID) in the $65-80 range. Because that is the range that the US can profitably expand within right now. And places like Saudi Arabia that can produce oil much cheaper and owns ~25% of the worlds reserve (at that cheap recoverable price) are happy to keep prices in that range.

Also, the oil we can produce in the US we can't use, we don't have the refineries to handle that oil, which is why we export so much, and have to import usable forms of oil from other countries.

This "magical" idea of just drill baby drill and the price of oil will drop is illogical and defies both basic economic principles, and the more complex principles governing the oil and gas industry.

Right now there are tons of land leases available for oil/gas recovery that are going unused, because at current prices it would be a massive loss to extract the oil/gas. Instead, our record production is mostly in extracting oil from our easy/cheap to extract reserves that at current recovery rates will likely be exhausted in 10-20 years. At that point, domestic oil/gas recovery will have to be entirely dependent upon sources that are currently cost prohibitive to extract. When we switch to those reserves, one of two things happen. Either oil/gas costs skyrocket, or the domestic oil/gas industry collapses and we become entirely dependent upon foreign oil. If we haven't developed the technology/infrastructure to lead in renewables, we are screwed.

There is a reason that Saudi Arabia has so much political power globally right now, and as other nations (us and Russia) exhaust their cheaper recovery reserves, that power will rise, unless we invest in renewables.

Individuals who don't realize the above are living in a fantasy land.

All the above is why both energy stocks and renewables are going to continue to be strong investments. We are not going to escape our need for oil/gas anytime soon, so those companies are guaranteed profit (sadly that means the cost of oil will rise). And from a defense perspective, renewables are essential to the future economy.

[Pakuni]

  it's not that hard sally-tower said the "subset" (i'm assuming he means people who don't agree with his global warming blah blah) does not believe in alternative forms of energy, which is totally false

yes, i know we are still drilling for oil, but too much gubmint money subsidizing "green energy" crap.  anytime you mention green to you know-nothing alarmists, your eyes go bloodshot

Why do you believe green energy is crap?

[Uncle Rico]

Why do you believe green energy is crap?

Because he's an idiot and an embarrassment to Marquette

[jesmu84]

I love when experts in their fields chime in here

[MU82]

Investing Thread.

[Not all scoop users are created equal apparently]

Why do you believe green energy is crap?

Because he's hooked on huffing gasoline fumes