RE:RE:Iran nuclear talks paused! This is an extrac from a post by a username ( Carjack ) that I really appreciate his input. I hope Biden put forth his best effort toward are resource,then sucken up to IRAN & VENEZUELA....
All this is to say that the Biden team might be better off lobbying the U.S. and Canadian oil industries who have a lot of prolific shale resources that could be gainfully boosted with increased drilling, if viewed like PPE in the war on COVID-19. While it is hard to say just how much incremental production could be achieved over the next six months in an all-out war effort involving U.S. government support, industry officials say an extra 500,000 b/d to 1 million b/d from would not be completely out of the question. ConocoPhillips Chairman Ryan Lance estimated in January that U.S. oil production is already slated to rise by as much as 900,000 b/d over the course of 2022, based on current drilling plans. Pipeline infrastructure is already in place in Texas so pace of extra oil would be tied to whether other kinds of drilling logistics bottlenecks like hiring more fracking crews and eliminating supply chain constraints on sand, steel, and machinery spare parts could be relieved.
Canada has also said it can almost instantly boost almost its own current oil production by 400,000 b/d based on existing field capacity and ship it through existing unused pipeline capacity and crude-by-rail shipments. With added investment, Canada could also do more. If the U.S. refiners imported more crude oil from Canada, that would replace cargoes from other suppliers that could be redirected to Europe.
mugs19 wrote: Not to mention Iran just bombed an American Consulate in Iraq. But I still don't have any faith in the Keystone Cops in Washington.
mugs