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Thread: OIL..

  1. #1681

    Default

    https://oilprice.com/Energy/Natural-...ff-Europe.html

    Here's an interesting wrinkle in the accepted story-line. It is now reported that so much LNG is floating off the coast of Europe, that they can't offload it all. Low prices are also cited. What happened to the shortage? And the high prices?
    “The Federal Reserve is not currently forecasting a recession.”
    Fed Chairman Ben Bernanke, January 2008
    This is no longer posted in the Fed Minutes of January 2008, but still quoted here - https://www.nbcnews.com/id/wbna22592939. The FOMC minutes still quote MR. Reifschneider. as stating the same thing.

  2. #1682

    Default

    Quote Originally Posted by SilverPalm View Post
    https://oilprice.com/Energy/Natural-...ff-Europe.html

    Here's an interesting wrinkle in the accepted story-line. It is now reported that so much LNG is floating off the coast of Europe, that they can't offload it all. Low prices are also cited. What happened to the shortage? And the high prices?
    that's the power of free market and prepping.
    EU had bought and stored alot of gas since putin invaded ukraine.
    Depending how cold this winter get, a super cold winter can use up all the inventory by feb, 2023
    I think EU can come out unscathed if the winter is normal or warmer than expected

    Right now, oil is cheaper than LNG/NG in $/btu. Alot of EU and asian countries have switched NG to burning oil.
    Last edited by yellowsnow; 11-06-2022 at 07:56 PM.

  3. #1683

    Question

    $77.28.........................???
    x3

  4. #1684

    Default

    Just had 3 new wells come online
    Thomas Jefferson is credited with writing, “When injustice becomes law, resistance becomes duty.” The seceding states in the Civil War period issued a similar declaration using the word “tyranny” as opposed to “injustice.”

  5. #1685

    Default

    Quote Originally Posted by vertical1 View Post
    Just had 3 new wells come online
    oil or gas wells?

  6. #1686

    Default

    Quote Originally Posted by yellowsnow View Post
    oil or gas wells?
    Oil, primarily. Gas comes with and is factored into the royalty. Horizontal wells Frackin A
    Last edited by vertical1; 11-20-2022 at 04:48 PM.
    Thomas Jefferson is credited with writing, “When injustice becomes law, resistance becomes duty.” The seceding states in the Civil War period issued a similar declaration using the word “tyranny” as opposed to “injustice.”

  7. #1687

    Default

    Quote Originally Posted by vertical1 View Post
    Oil, primarily. Gas comes with and is factored into the royalty. Horizontal wells Frackin A
    yah, light oil comes with associated gas

  8. #1688

  9. #1689

    Default

    It unfortunately is a tangeable noise. My taste was of bile.
    Thomas Jefferson is credited with writing, “When injustice becomes law, resistance becomes duty.” The seceding states in the Civil War period issued a similar declaration using the word “tyranny” as opposed to “injustice.”

  10. #1690

    Default

    Natural gas imports from Canada continue providing winter reliability to U.S. markets

    Data source: U.S. Energy Information Administration, Natural Gas Imports and Exports/Pipelines

    Despite the downward trend in natural gas imports from Canada, trade between the United States and Canada remains important in balancing U.S. natural gas markets and helps ensure reliable supply to parts of the United States. Because of ample capacity on pipelines and in storage facilities in Canada, suppliers can rapidly increase flows, which helps to stabilize the U.S. market during periods of supply and demand imbalance, such as during cold winter months.
    In 2005, 17% of total U.S. supply of dry natural gas was imported from Canada. Since then, Canada’s share of imported dry natural gas supply to the United States has declined because U.S. domestic natural gas production has grown. As of the end of August, gross imports of dry natural gas from Canada accounted for, on average, 8% of U.S. supply, and U.S. natural gas production averaged 92%, or 97.0 billion cubic feet per day (Bcf/d), according to our Natural Gas Monthly.
    During the same time period, U.S. pipeline exports of natural gas to Canada have increased. In 2000, U.S. exports averaged 2% of all pipeline natural gas trade with Canada. In 2005, that share increased to 9%. Through August of this year, it averaged 24%.
    Data source: U.S. Energy Information Administration, Natural Gas Imports and Exports/Pipelines

    Natural gas imports from Canada to the western United States have provided a steady source of supply and have been increasing. So far this year, they have increased 4.1% compared with the same period in 2021. The border-crossing points at Sumas, Washington, and Eastport, Idaho, principally supply metropolitan areas in the Pacific Northwest and California, where several factors have challenged supply and demand balances this year:


    Data source: U.S. Energy Information Administration

    Natural gas pipeline capacity has expanded throughout the eastern United States, and the region is typically a net exporter of natural gas to Canada for much of the year. Imports from Canada, however, help support annual seasonal fluctuations in consumption, particularly during the winter peak in the United States, when cold temperatures drive demand for heating. Since 2012, imports into the eastern United States have generally peaked in January or February at approximately 2 Bcf/d and then again in July or August at approximately 1 Bcf/d, when high temperatures drive demand for air-conditioning. During the shoulder seasons (spring and fall), net flows of natural gas reverse, flowing into Canada to build inventories.
    During Winter Storm Uri in February 2021, U.S. natural gas production had record declines, and imports from Canada increased to 9.5 Bcf/d to meet U.S. demand, the highest monthly average since February 2011.
    Principal contributor: James Easton
    What's the Frequency, Kenneth?

    432Hz

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