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Thread: OIL..

  1. #1691

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    Biden Admin Quietly Greenlights Plan To Build Huge Gulf Oil Terminal

    The Department of Transportation’s Maritime Administration approved the application (pdf) for Enterprise’s Sea Port Oil Terminal, one of four proposed offshore oil export terminals, on Monday.

    According to the application, the port will be located offshore of Freeport, Texas. It will have 4.8 million barrels of storage capacity and add 2 million barrels per day to the U.S. oil export capacity.

    In its 94-page decision (pdf), the Maritime Administration said that it had approved the application because the construction and operation of the port is “in the national interest and consistent with other policy goals and objectives.”

    “The construction and operation of the Port is in the national interest because the Project will benefit employment, economic growth, and U.S. energy infrastructure resilience and security,” the administration wrote. “The Port will provide a reliable source of crude oil to U.S. allies in the event of market disruption and have a minimal impact on the availability and cost of crude oil in the U.S. domestic market.”


    https://www.zerohedge.com/energy/bid...f-oil-terminal
    What's the Frequency, Kenneth?

    432Hz

  2. #1692

    Default

    Pushing my ESG score further down, this debaucle seems like more demented off base insanity to me....
    He cannot even keep oil in the strategic reserve.
    And he chit canned the keystone pipeline.....
    What a mental giant we have to look up to there. (Sarc)
    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.”

  3. #1693

    Default

    Quote Originally Posted by vertical1 View Post
    Pushing my ESG score further down, this debaucle seems like more demented off base insanity to me....
    He cannot even keep oil in the strategic reserve.
    And he chit canned the keystone pipeline.....
    What a mental giant we have to look up to there. (Sarc)
    So apparently whoever is in control doesn't agree with the end of fossil fuels. Maybe the Globalist realized their pet projects NATO and the EU will need non Russian oil. And with tensions with OPEC can't count on them.
    What's the Frequency, Kenneth?

    432Hz

  4. #1694

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    $75.66 WTI 11/28/22 10:42 New York time
    “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.

  5. #1695

    Default

    Day's Range, WTI recovered from day low nicely
    73.61-77.84

  6. #1696

    Default

    Wti $71.67
    “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.

  7. #1697

  8. #1698

    Default

    Ground is leased except for 1/2 section we would entertain leasing that if anyone wants to send reasonable language. Now we need em to punch holes Drill baby Drill!
    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.”

  9. #1699

    Default

    “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.

  10. #1700

    Default

    https://www.zerohedge.com/commoditie...pensive-offers

    It seems that there may be some foot dragging regarding filling the SPR back up.

    According to this report, A purchase could be made at a higher price than is wanted "or the SPR will not see even one more drop of new oil, and the 372 million barrels currently there, just under 19 days of domestic consumption, will be all the US emergency oil inventory"
    “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.

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