Current Events > Texas is about to become OPEC's worst nightmare

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FLUFFYGERM
11/21/18 4:26:33 PM
#1:


https://www.bloomberg.com/amp/news/articles/2018-11-21/opec-s-worst-nightmare-the-permian-is-about-to-pump-a-lot-more

The map lays out OPECs nightmare in graphic form.

An infestation of dots, thousands of them, represent oil wells in the Permian basin of West Texas and a slice of New Mexico. In less than a decade, U.S. companies have drilled 114,000. Many of them would turn a profit even with crude prices as low as $30 a barrel.

OPECs bad dream only deepens next year, when Permian producers expect to iron out distribution snags that will add three pipelines and as much as 2 million barrels of oil a day.

The Permian will continue to grow and OPEC needs to learn to live with it, said Mike Loya, the top executive in the Americas for Vitol Group, the worlds largest independent oil-trading house.

The U.S. energy surge presents OPEC with one of the biggest challenges of its 60-year history. If Saudi Arabia and its allies cut production when they gather Dec. 6 in Vienna, higher prices would allow shale to steal market share. But because the Saudis need higher crude prices to make money than U.S. producers, OPEC cant afford to let prices fall.


USA playing 7D chess. Fuck Saudi Arabia.
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The Trent
11/21/18 4:27:37 PM
#2:


you're welcome bros
my company produces like 70k barrels a day
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FLUFFYGERM
11/21/18 4:29:34 PM
#3:


The Trent posted...
you're welcome bros
my company produces like 70k barrels a day


God bless
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King_Hellebuyck
11/21/18 4:34:13 PM
#4:


All the more reason to stop arming KSA
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FLUFFYGERM
11/21/18 4:40:24 PM
#5:


Whoever posted in my topic can stop posting because I'll never see or acknowledge your posts
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Tmaster148
11/21/18 4:40:59 PM
#6:


FLUFFYGERM posted...
Whoever posted in my topic can stop posting because I'll never see or acknowledge your posts


Need a safe space huh.
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monkmith
11/21/18 4:41:17 PM
#7:


i'd fully support american oil until we can transition to something that isn't going to kill us all. lets stop funding the country responsible for the radical muslim movement.
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King_Hellebuyck
11/21/18 4:41:29 PM
#8:


Tmaster148 posted...
FLUFFYGERM posted...
Whoever posted in my topic can stop posting because I'll never see or acknowledge your posts


Need a safe space huh.

He doesnt even actually have me on ignore. He just wants more attention.
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Tmaster148
11/21/18 4:41:54 PM
#9:


King_Hellebuyck posted...
Tmaster148 posted...
FLUFFYGERM posted...
Whoever posted in my topic can stop posting because I'll never see or acknowledge your posts


Need a safe space huh.

He doesnt even actually have my on ignore. He just wants more attention.


So basically Proudclad can't even safe space correctly.
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King_Hellebuyck
11/21/18 4:42:58 PM
#10:


Tmaster148 posted...
King_Hellebuyck posted...
Tmaster148 posted...
FLUFFYGERM posted...
Whoever posted in my topic can stop posting because I'll never see or acknowledge your posts


Need a safe space huh.

He doesnt even actually have my on ignore. He just wants more attention.


So basically Proudclad can't even safe space correctly.

Pretty much. Every once in a while he slips up and replies to me, then deletes his post and claims hes putting me back on ignore.
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ImTheMacheteGuy
11/21/18 4:43:44 PM
#11:


Tmaster148 posted...
King_Hellebuyck posted...
Tmaster148 posted...
FLUFFYGERM posted...
Whoever posted in my topic can stop posting because I'll never see or acknowledge your posts


Need a safe space huh.

He doesn?t even actually have my on ignore. He just wants more attention.


So basically Proudclad can't even safe space correctly.

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Doom_Art
11/21/18 4:45:32 PM
#12:


FLUFFYGERM posted...
Whoever posted in my topic can stop posting because I'll never see or acknowledge your posts

Mad as hell
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#13
Post #13 was unavailable or deleted.
King_Hellebuyck
11/21/18 4:50:30 PM
#14:


The funniest part is how often Proudclad sidetracks his own topics immediately.
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Reis
11/21/18 4:51:36 PM
#15:


King_Hellebuyck posted...
The funniest part is how often Proudclad sidetracks his own topics immediately.

wait, Fluffygerm is Proudclad????
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FLUFFYGERM
11/21/18 4:53:49 PM
#16:


Yall should really add King_Hutton to your block list. He's about as relevant as OPEC a year from now.
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#17
Post #17 was unavailable or deleted.
Tmaster148
11/21/18 4:54:34 PM
#18:


FLUFFYGERM posted...
Yall should really add King_Hutton to your block list. He's about as relevant as OPEC a year from now.


Lol. You are so butthurt.
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King_Hellebuyck
11/21/18 4:54:40 PM
#19:


FLUFFYGERM posted...
Yall should really add King_Hutton to your block list. He's about as relevant as OPEC a year from now.

You should try adding me first, sunshine.
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Questionmarktarius
11/21/18 4:59:48 PM
#20:


Cap them all, bleed the Saudis dry, then open them up.
Maybe also bleed Venezuela dry in the meantime.
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FLUFFYGERM
11/21/18 5:00:05 PM
#21:


Questionmarktarius posted...
Cap them all, bleed the Saudis dry, then open them up.
Maybe also bleed Venezuela dry in the meantime.


Absolutely.
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King_Hellebuyck
11/22/18 1:37:08 PM
#22:


Bump cuz this is a pretty cool subject
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ManBeast462
11/22/18 1:37:54 PM
#23:


The Middle East will no longer be needed
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spudger
11/22/18 1:38:31 PM
#24:


Tmaster148 posted...
FLUFFYGERM posted...
Whoever posted in my topic can stop posting because I'll never see or acknowledge your posts


Need a safe space huh.

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CruelBuffalo
11/22/18 1:41:58 PM
#25:


FLUFFYGERM posted...
https://www.bloomberg.com/amp/news/articles/2018-11-21/opec-s-worst-nightmare-the-permian-is-about-to-pump-a-lot-more

The map lays out OPECs nightmare in graphic form.

An infestation of dots, thousands of them, represent oil wells in the Permian basin of West Texas and a slice of New Mexico. In less than a decade, U.S. companies have drilled 114,000. Many of them would turn a profit even with crude prices as low as $30 a barrel.

OPECs bad dream only deepens next year, when Permian producers expect to iron out distribution snags that will add three pipelines and as much as 2 million barrels of oil a day.

The Permian will continue to grow and OPEC needs to learn to live with it, said Mike Loya, the top executive in the Americas for Vitol Group, the worlds largest independent oil-trading house.

The U.S. energy surge presents OPEC with one of the biggest challenges of its 60-year history. If Saudi Arabia and its allies cut production when they gather Dec. 6 in Vienna, higher prices would allow shale to steal market share. But because the Saudis need higher crude prices to make money than U.S. producers, OPEC cant afford to let prices fall.


USA playing 7D chess. Fuck Saudi Arabia.


I wouldnt call extracting existing resources as playing 7D chess...but...whats the point
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CruelBuffalo
11/22/18 1:42:41 PM
#26:


Questionmarktarius posted...
Cap them all, bleed the Saudis dry, then open them up.
Maybe also bleed Venezuela dry in the meantime.


Youre not making any sense. You want humantarian crises?
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kingdrake2
11/22/18 1:43:38 PM
#27:


CruelBuffalo posted...
Questionmarktarius posted...
Cap them all, bleed the Saudis dry, then open them up.
Maybe also bleed Venezuela dry in the meantime.


Youre not making any sense. You want humantarian crises?


he wants those because fuck them long as nothing happens to me.
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CruelBuffalo
11/22/18 2:06:14 PM
#28:


kingdrake2 posted...
CruelBuffalo posted...
Questionmarktarius posted...
Cap them all, bleed the Saudis dry, then open them up.
Maybe also bleed Venezuela dry in the meantime.


Youre not making any sense. You want humantarian crises?


he wants those because fuck them long as nothing happens to me.


It indirectly affects us because of refugees and unstable governments that can affect their local regions.
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Tupacrulez
11/22/18 3:19:28 PM
#29:


FLUFFYGERM posted...
Questionmarktarius posted...
Cap them all, bleed the Saudis dry, then open them up.
Maybe also bleed Venezuela dry in the meantime.


Absolutely.


That would take literal decades. And you'd destroy the North American economy. And prices would skyrocket.
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King_Hellebuyck
11/23/18 2:02:04 PM
#30:


CruelBuffalo posted...
kingdrake2 posted...
CruelBuffalo posted...
Questionmarktarius posted...
Cap them all, bleed the Saudis dry, then open them up.
Maybe also bleed Venezuela dry in the meantime.


Youre not making any sense. You want humantarian crises?


he wants those because fuck them long as nothing happens to me.


It indirectly affects us because of refugees and unstable governments that can affect their local regions.

I mean Im all for getting off the Saudi teet but yeah thats going to be a big issue once it happens. At the same time its pretty awful to support sack of shit monarchies so Im not too sure what kind of game plan would be better.
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ScazarMeltex
11/23/18 2:04:15 PM
#31:


The best part of this is that maybe since we won't need opec that means we won't need allies in the region any more, meaning no more support of Saudia Arabia or fucking Israel.
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s0nicfan
11/23/18 2:05:26 PM
#32:


OPEC is one of the shittiest things in the world, so I'm glad to hear the US is growing more independent of their bullshit.
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Zack_Attackv1
11/23/18 2:05:47 PM
#33:


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VectorChaos
11/23/18 2:05:56 PM
#34:


Good. Cut the fucking Middle East off as quickly as possible.
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coolboy11
11/23/18 2:13:57 PM
#35:


didn't the Permian basis have one of the worst oil crashes ever in the 80's.
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hockeybub89
11/23/18 2:17:47 PM
#36:


Investing more in oil is surely the right move. Yessireebob
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King_Hellebuyck
11/23/18 2:20:02 PM
#37:


hockeybub89 posted...
Investing more in oil is surely the right move. Yessireebob

Its not like were anywhere close to eliminating the need for oil.
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kinetika_
11/23/18 2:24:44 PM
#38:


So 0.99 cent gas soon?
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