DOGE: the giant Con

[noseall]

Whale oil.....

....beef hooked, as they say down the South-West.

 

[Justin Passing]

That's interesting, I know there have been several short periods in time the the US has been energy independent but I guess that could just mean they're exporting more than they're importing rather than refining all their own product.

I'm still puzzled as to why with such a massive refinery capacity, it's geared more toward a type of crude that isn't so prevalent, unless the refineries are quite dated and the product requirement has changed over the years, or possibly the type of oil has changed as older wells have dried up.

That would be an interesting thing to look into.

Looking atthe imports - lots from Canada - it goes to different areas "PADS", quite complex. The heavy stuff (think bitumen) can't be piped until they put a solvent with it. It must be expensive to pump. The Alaska pipeline is interesting too, the support legs are ammonia based heat exchangers which help keep the oil warm and the ground cold. It's all surprisingly exposed and accessible to be blown up, etc. There's an inulating blanket wrapped all over it, glued and sealed with a low modulus grey silicone. The pipe has capiital Omega (like the Ohm symbol) shaped loops in it to allow for expansion. WHen I was there (30 + years ago?) it was way beyond its design life.
I forget the name but Canada has a huge new piping facility, into the US.

Trump needs tariffs on Canadian oil like he needs a hole in the head. Instant inflation.
(Actually he does need a hole in the head...)

Murrcan oil (& gas etc) use is still increasng very rapidly (Wikipedia). hence the really deep drilling in the Permian ( the gulf of thingy).

 

[Odds]

See, I told you it was interesting.

BP is expected to ditch a target to ramp up renewable energy generation by 2030 as part of a shift back towards fossil fuels when it presents its strategy to investors this week. The chief executive, Murray Auchincloss, is poised to tell shareholders that the oil and gas company is scrapping its target to increase renewable generation 20-fold between 2019 and 2030 to 50 gigawatts, Reuters reported.

BP is also expected to ditch a target to reach underlying profits of $49bn (£38.8bn) this year and instead set an annual percentage growth target. The company previously hinted on a call with analysts that it could drop the targets. It missed its 2024 target of $40.9bn in underlying profits.

The Garundia

As the world moves further to the right, the wronger they get.

 

[Brigadier]

drilling in the Permian

Burning in years, stuff from over a quarter of a billion years ago, that took millions of years to form.

Can't do any harm