SBGold said:
Ok, carry with the nonsense while Wags posts supporting facts
They can't handle FACTS.
Because it makes them look ignorant and uneducated.
But they sure are good when it comes to posting Trump propaganda tweets!
Operation Epic Furry Energy Crisis Thread
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Last: 15 hrs ago by DiabloWags
They can't handle FACTS.
Because it makes them look ignorant and uneducated.
But they sure are good when it comes to posting Trump propaganda tweets!
100%
movielover said:DiabloWags said:cal83dls79 said:DiabloWags said:movielover said:
California shutting down two large refineries - 20% of our capacity - doesn't help.
Donald Trump starting a war of "choice" - doesn't help.
AAA Fuel Prices
trumps "field of dreams" as others here on BI is "blow it up and they will drill" .
We frequently see their posts of tweets hailing the massive oil production by the United States under Trump.
But their propaganda falls far short when in fact the U.S. was pumping nearly 13 million barrels per day in 2203 under the Biden Administration.
But they are too ignorant to know this.
All they know how to do is post tweets of Trump propaganda.
President Trump appears to deserve the most credit, then President Obama.
Reuters: Under Trump, U.S. drilling permits on federal lands soar - April 12, 2019
Why are you talking about an article from 7 years ago?
What is your point?
Here, let me help you with more current information:
Applications for Permits to Drill | Bureau of Land Management
Baker Hughes Rig Count
The total rig count fell by two to 543 during the week ending April 17, reaching its lowest level since late March. The current count stands 42 rigs, or 7%, below the same period last year.
Oil rigs decreased by one to 410 this week, their lowest since late March. Natural gas rigs dropped by two to 125, the lowest since January, while miscellaneous rigs increased by one to eight.
The rig count has declined 7% in 2025, following a 5% drop in 2024 and a 20% decrease in 2023. Lower U.S. oil prices have led energy companies to prioritize shareholder returns and debt reduction over production expansion.
TD Cowen reported that exploration and production companies it tracks plan to reduce capital expenditures by approximately 1% in 2026 compared to 2025. This follows a 4% decline in 2025, flat spending in 2024, and increases of 27% in 2023, 40% in 2022, and 4% in 2021.
North America Rig Count | Baker Hughes Rig Count
The total rig count fell by two to 543 during the week ending April 17, reaching its lowest level since late March. The current count stands 42 rigs, or 7%, below the same period last year.
Oil rigs decreased by one to 410 this week, their lowest since late March. Natural gas rigs dropped by two to 125, the lowest since January, while miscellaneous rigs increased by one to eight.
The rig count has declined 7% in 2025, following a 5% drop in 2024 and a 20% decrease in 2023. Lower U.S. oil prices have led energy companies to prioritize shareholder returns and debt reduction over production expansion.
TD Cowen reported that exploration and production companies it tracks plan to reduce capital expenditures by approximately 1% in 2026 compared to 2025. This follows a 4% decline in 2025, flat spending in 2024, and increases of 27% in 2023, 40% in 2022, and 4% in 2021.
North America Rig Count | Baker Hughes Rig Count
DiabloWags said:SBGold said:
Come on, he gave facts and you just give insults
He just can't help himself.
He doesn't add any value here other than childish pedantic henpecking that has nothing to do with the FACTS.
Never posts any data or charts or statistical content.
Never.
We were already pumping 12.9 million barrels per day of crude under Biden, largely out of TX and NM.
They can't handle the TRUTH.
U.S. crude oil production rose in 2025, setting new record - U.S. Energy Information Administration (EIA)
Was someone arguing with you by saying we weren't producing a lot of oil prior to the current administration? I must have missed that with your childish pedantic henpecking. I certainly was not. I don't see how that is very relevant to this overall conversation except for an opportunity for you to fantasize about some made up victory, so you can insult people you don't like.
DiabloWags said:SBGold said:
Come on, he gave facts and you just give insults
He just can't help himself.
He doesn't add any value here other than childish pedantic henpecking that has nothing to do with the FACTS.
Never posts any data or charts or statistical content.
Never.
We were already pumping 12.9 million barrels per day of crude under Biden, largely out of TX and NM.
They can't handle the TRUTH.
U.S. crude oil production rose in 2025, setting new record - U.S. Energy Information Administration (EIA)
When are you going to tell SB the same?
Just the FACTS.
Free Bloomberg Link.
You're Welcome!
https://www.bloomberg.com/news/articles/2026-04-22/hormuz-tracker-traffic-at-near-halt-as-ships-come-under-gunfire?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTc3Njg5OTAzOCwiZXhwIjoxNzc3NTAzODM4LCJhcnRpY2xlSWQiOiJURFc4Q1NLSkg2VkEwMCIsImJjb25uZWN0SWQiOiI0QTE0NjgyRTVEQjI0RDgyOEVGOTIxMzA1M0U4NzhDMiJ9.mOYQ6S_-QaPHzEW62bKSLkc9k7Bz1MMl15NUzuqVzVg
Free Bloomberg Link.
You're Welcome!
https://www.bloomberg.com/news/articles/2026-04-22/hormuz-tracker-traffic-at-near-halt-as-ships-come-under-gunfire?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTc3Njg5OTAzOCwiZXhwIjoxNzc3NTAzODM4LCJhcnRpY2xlSWQiOiJURFc4Q1NLSkg2VkEwMCIsImJjb25uZWN0SWQiOiI0QTE0NjgyRTVEQjI0RDgyOEVGOTIxMzA1M0U4NzhDMiJ9.mOYQ6S_-QaPHzEW62bKSLkc9k7Bz1MMl15NUzuqVzVg
Thanks largely to POTUS Trump 1.0, with an assist from BHO.
DiabloWags said:movielover said:DiabloWags said:cal83dls79 said:DiabloWags said:movielover said:
California shutting down two large refineries - 20% of our capacity - doesn't help.
Donald Trump starting a war of "choice" - doesn't help.
AAA Fuel Prices
trumps "field of dreams" as others here on BI is "blow it up and they will drill" .
We frequently see their posts of tweets hailing the massive oil production by the United States under Trump.
But their propaganda falls far short when in fact the U.S. was pumping nearly 13 million barrels per day in 2203 under the Biden Administration.
But they are too ignorant to know this.
All they know how to do is post tweets of Trump propaganda.
President Trump appears to deserve the most credit, then President Obama.
Reuters: Under Trump, U.S. drilling permits on federal lands soar - April 12, 2019
Why are you talking about an article from 7 years ago?
What is your point?
Here, let me help you with more current information:
Applications for Permits to Drill | Bureau of Land Management
Do the math. President Trump's policies from his first term went on to benefit us in subsequent years.
What policies were those specifically?
The rig count is dramatically lower from his first term.
Do you know why?
The rig count is dramatically lower from his first term.
Do you know why?
^^^^
movielover said:
^^^^
Why is the rig count dramatically lower?
Could it be because drilling companies are now emphasizing cash flow over all-out drilling growth?
Bingo!
https://www.kmbc.com/article/gas-prices-oil-ceos-not-drilling-more/39528197
We see demands here from the Trump fanboys that we need to increase US oil production. The problem with that is that oil fields that could increase production are currently too expensive to operate to make economic sense. If we increase production in those fields, then oil prices will have to increase permanently. I don't think that will prove popular.
Keep two California oil refineries open, Liberal policies shut them down (Newsom).
California is right to move on from the dependence of foreign oil (or oil for that matter).
The future is still alternative energy.
The future is still alternative energy.
Refineries do nothing to increase oil well production. Also, having 2 additional refineries in California will have little impact on the vast majority of the US.movielover said:
Keep two California oil refineries open, Liberal policies shut them down (Newsom).
SBGold said:
California is right to move on from the dependence of foreign oil (or oil for that matter).
The future is still alternative energy.
California isn't moving on from dependence of foreign oil, don't we have to send our supply to China to then ship it back to us due to the closures in California?
SBGold said:
California is right to move on from the dependence of foreign oil (or oil for that matter).
The future is still alternative energy.
So you want to raise the price of gasoline for working families and the poor. Gotcha.
'Alternative energy' can't provide baseline, consistent, reliable energy. It's horribly expensive, 'intermittent', and also requires secondary energy sources for when the wind and sun aren't available.
Eastern Oregon Bear said:Refineries do nothing to increase oil well production. Also, having 2 additional refineries in California will have little impact on the vast majority of the US.movielover said:
Keep two California oil refineries open, Liberal policies shut them down (Newsom).
Keeping the refineries open - 20% of our refining capacity - will help Californians! We pay $2 more per gallon than many states.
It also helps us to produce the kooky special summer blend our state regulators require. We used to have 40 refineries, now we're down to 8, going to 6, while the state population and business explodes.
Increased Supply, lower costs.
Eastern Oregon Bear said:
We see demands here from the Trump fanboys that we need to increase US oil production. The problem with that is that oil fields that could increase production are currently too expensive to operate to make economic sense. If we increase production in those fields, then oil prices will have to increase permanently. I don't think that will prove popular.
Lost in the GOP Governor's candidates Trumpian battle cry of "Drill Baby Drill" is the fact that Alaska has seen its oil production (peak) collapse from 2 million barrels per day in the 1980's to only 460,000 today.
During that period, population of CA has grown by 50% from 23 million to 39 million.
This is the crude oil that has been the source of supply for our CA refineries and other refineries in WA that produced the oxygenated blend of CA gasoline.
Eastern Oregon Bear said:Refineries do nothing to increase oil well production. Also, having 2 additional refineries in California will have little impact on the vast majority of the US.movielover said:
Keep two California oil refineries open, Liberal policies shut them down (Newsom).
True, refineries have nothing to do with oil production. But losing Valero in Benicia and Phillips 66 in Carson to closures means CA loses 20% of its refining capacity.
The refining business is a crappy capital intensive business with single digit returns. Its a lousy business to be in, as seen by how many major integrated oil producers have sold off their refining and downstream operations over the past 30 years.
But at the end of the day, we still need them because 90% of our vehicles in CA are gas powered and we still need jet fuel for our commercial and military aircraft.
DiabloWags said:Eastern Oregon Bear said:
We see demands here from the Trump fanboys that we need to increase US oil production. The problem with that is that oil fields that could increase production are currently too expensive to operate to make economic sense. If we increase production in those fields, then oil prices will have to increase permanently. I don't think that will prove popular.
Lost in the GOP Governor's candidates Trumpian battle cry of "Drill Baby Drill" is the fact that Alaska has seen its oil production (peak) collapse from 2 million barrels per day in the 1980's to only 460,000 today.
This is the crude oil that has supplied our refineries.
Why did Alaska see its oil production (peak) collapse from 2 million barrels per day in the 1980's to 460,000 today?
oski003 said:DiabloWags said:Eastern Oregon Bear said:
We see demands here from the Trump fanboys that we need to increase US oil production. The problem with that is that oil fields that could increase production are currently too expensive to operate to make economic sense. If we increase production in those fields, then oil prices will have to increase permanently. I don't think that will prove popular.
Lost in the GOP Governor's candidates Trumpian battle cry of "Drill Baby Drill" is the fact that Alaska has seen its oil production (peak) collapse from 2 million barrels per day in the 1980's to only 460,000 today.
This is the crude oil that has supplied our refineries.
Why did Alaska see its oil production (peak) collapse from 2 million barrels per day in the 1980's to 460,000 today?
Pretty simple.
The main reasons for the decline are the maturation of the producing fields that are pumping ever-dwindling oil in their locations and the cost of exploration and drilling new wells and production in the extreme conditions faced by oil companies.
It's also a lot cheaper for oil companies to drill in the Permian Basin where the fields are not nearly as depleted. That's where the focus is.
Oil companies have shown little interest in new drilling in Alaska now that improved methods are available to drill and produce in the Permian Basin in West Texas and in the shale oil regions in the northern Midwest, Oklahoma and other regions.
Thanks.
In same vein as Alaska, in-state production in CA has dropped from 1.1 million barrels per day in 1985 to roughly 325,000 in 2025.
While some analysts suggest large amounts of "oil in place" remain in fields like the Monterey shale, extracting this oil is technically difficult and often not economically feasible, with some estimates for that specific formation drastically reduced to 21 million barrels of tight oil.
This is why CA imports 60% of its crude oil supply from foreign countries.
While some analysts suggest large amounts of "oil in place" remain in fields like the Monterey shale, extracting this oil is technically difficult and often not economically feasible, with some estimates for that specific formation drastically reduced to 21 million barrels of tight oil.
This is why CA imports 60% of its crude oil supply from foreign countries.
More dishonesty from those on the Left, unwilling to admit that their policies are hammering middle class and working families. Own it. These Democrst Socialist policies of the last 25 years lead to a now one-party state paying $1.50 a gallon or more than the national average. These include:
- The CARBOB boutique fuel requirement enacted in 2003. It adds about 18 cents pet gallon of gas.
"The second, and perhaps more important, was the effective islanding of the California market. CARBOB is only required in California and therefore produced regularly only by California refineries; more than 90% of CARBOB demand is met by in-state producers."
"This islanded market is predictably prone to price spikes. ..." Which aren't quickly remedied.
- In 2015, Democrat cap-and-trade kicked in. Estimated 25 cents per gallon cost.
- Then there is the 'mystery' 50 cent per gallon surcharge the retail sector has added after a refinery fire in Torrance.
" It also doesn't help that the market is undersupplied: the state has almost twice the number of drivers per gas station as the rest-of-U.S. average." I can think of gas stations removed in The City, Berkeley, Oakland, Orinda, Walnut Creek, Concord.
Unaccounted for there are the burdensome retail regulations. I knew a gas station owner who put in expensive underground monitoring equipment maybe 12-15 years ago as mandated by the state. The new equipment was supposed to have a 50- or 70-year lifespan. (It may have been special connector hoses.) Within a few years they started leaking, so they were required to dig up and replace the state-mandated equipment!
" A rather circumspect recent CEC study ventures that the EV mandate and various regulatory barriers are likely deterring new competitors from entering the market, as one would expect when retail margins are high." State instability = reduced Supply = higher Prices.
- "frequent price spikes" - limited local Suppliers (40 --> 8 --> 6?) = greater volatility. The Democrat system has no cushion.
- Restricted Supply: "Starting with Marathon Martinez in 2020, California refineries have been closing faster than demand for gasoline is falling." Newsom policies will have closed five refineries.
- "California environmental policy hastened refinery exit in a number of ways. Most obvious is the regulatory burden, which Valero called out in its announcement that it would shutter Benicia. The Benicia refinery had been issued a record fine of $82 million last year by the Bay Area Air District and was generally struggling with high costs associated with compliance. Valero was the first refinery to explicitly cite California's hostile regulatory environment in its exit announcement, but they are far from alone in feeling it. Refiners have long complained about overbearing regulations in excess of any rational standards that make operating a safe refinery unnecessarily expensive."
- A wicked factor aiding refinery exit is the Low Carbon Fuel Standard (LCFS), which contributes between 10 and 65 cents per gallon.
- "stream of compliance credit money flowing toward biofuels has made it attractive for struggling California refineries to convert to full-time production of renewable diesel"
- "Finally, there is the decline of the in-state oil extraction industry. Thanks to decades of regulatory pressure and, during Governor Newsom's reign, an effective moratorium on O&G permitting, California's abundant oil resources are being left in the ground, with crude output now at about a third of what it was in the 1980s. When current inland sources deplete, more refineries will close.
- Democrat Socialist policies have led to an effective oligopoly, which only drives small businesses out of business, and prices higher.
- "CARB voted to tighten the LCFS, which will increase demand for compliance credits and thus biofuels."
- AB X2-1 - from the Newsom Administration - mandates that refiners maintain minimum fuel storage volumes to avoid any supply-side issues, reducing their profits. That spurred Phillips66 to close.
Michael Mische is a USC professor who is projecting $8 gas for California.
https://thebreakthrough.org/issues/energy/how-california-regulated-itself-into-an-energy-crisis
- The CARBOB boutique fuel requirement enacted in 2003. It adds about 18 cents pet gallon of gas.
"The second, and perhaps more important, was the effective islanding of the California market. CARBOB is only required in California and therefore produced regularly only by California refineries; more than 90% of CARBOB demand is met by in-state producers."
"This islanded market is predictably prone to price spikes. ..." Which aren't quickly remedied.
- In 2015, Democrat cap-and-trade kicked in. Estimated 25 cents per gallon cost.
- Then there is the 'mystery' 50 cent per gallon surcharge the retail sector has added after a refinery fire in Torrance.
" It also doesn't help that the market is undersupplied: the state has almost twice the number of drivers per gas station as the rest-of-U.S. average." I can think of gas stations removed in The City, Berkeley, Oakland, Orinda, Walnut Creek, Concord.
Unaccounted for there are the burdensome retail regulations. I knew a gas station owner who put in expensive underground monitoring equipment maybe 12-15 years ago as mandated by the state. The new equipment was supposed to have a 50- or 70-year lifespan. (It may have been special connector hoses.) Within a few years they started leaking, so they were required to dig up and replace the state-mandated equipment!
" A rather circumspect recent CEC study ventures that the EV mandate and various regulatory barriers are likely deterring new competitors from entering the market, as one would expect when retail margins are high." State instability = reduced Supply = higher Prices.
- "frequent price spikes" - limited local Suppliers (40 --> 8 --> 6?) = greater volatility. The Democrat system has no cushion.
- Restricted Supply: "Starting with Marathon Martinez in 2020, California refineries have been closing faster than demand for gasoline is falling." Newsom policies will have closed five refineries.
- "California environmental policy hastened refinery exit in a number of ways. Most obvious is the regulatory burden, which Valero called out in its announcement that it would shutter Benicia. The Benicia refinery had been issued a record fine of $82 million last year by the Bay Area Air District and was generally struggling with high costs associated with compliance. Valero was the first refinery to explicitly cite California's hostile regulatory environment in its exit announcement, but they are far from alone in feeling it. Refiners have long complained about overbearing regulations in excess of any rational standards that make operating a safe refinery unnecessarily expensive."
- A wicked factor aiding refinery exit is the Low Carbon Fuel Standard (LCFS), which contributes between 10 and 65 cents per gallon.
- "stream of compliance credit money flowing toward biofuels has made it attractive for struggling California refineries to convert to full-time production of renewable diesel"
- "Finally, there is the decline of the in-state oil extraction industry. Thanks to decades of regulatory pressure and, during Governor Newsom's reign, an effective moratorium on O&G permitting, California's abundant oil resources are being left in the ground, with crude output now at about a third of what it was in the 1980s. When current inland sources deplete, more refineries will close.
- Democrat Socialist policies have led to an effective oligopoly, which only drives small businesses out of business, and prices higher.
- "CARB voted to tighten the LCFS, which will increase demand for compliance credits and thus biofuels."
- AB X2-1 - from the Newsom Administration - mandates that refiners maintain minimum fuel storage volumes to avoid any supply-side issues, reducing their profits. That spurred Phillips66 to close.
Michael Mische is a USC professor who is projecting $8 gas for California.
https://thebreakthrough.org/issues/energy/how-california-regulated-itself-into-an-energy-crisis
A decent summary.
But nothing new here.
This has all been well documented since Gov. Gray Davis in 2002. The cap and trade climate change policy is what has been driving the higher price of fuel. For those unaware, this goes back nearly 25 years.
FWIW, Cal's Severin Borenstein cant figure out where the 50 cent "mystery" tax comes from. He could only identify that it occurred somewhere between the refining and retail part of the process.
By the way, my previous posts were about where CA sources the crude oil it uses. Not refining capacity.
Thanks.
https://en.wikipedia.org/wiki/Climate_change_policy_of_California
But nothing new here.
This has all been well documented since Gov. Gray Davis in 2002. The cap and trade climate change policy is what has been driving the higher price of fuel. For those unaware, this goes back nearly 25 years.
FWIW, Cal's Severin Borenstein cant figure out where the 50 cent "mystery" tax comes from. He could only identify that it occurred somewhere between the refining and retail part of the process.
By the way, my previous posts were about where CA sources the crude oil it uses. Not refining capacity.
Thanks.
https://en.wikipedia.org/wiki/Climate_change_policy_of_California
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