MAGA and the "Drill, baby, drill" failure

Originally posted by: MaxFlavor

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MAGA spent all four years of the Biden administration saying that his policies were crushing US oil production, blissfully unaware of record production month after month. Trump campaigned on US oil independence, MAGA proudly claiming his policies would lead to a huge increase in US output and drilling, bringing down fuel prices.

 

It's going in the opposite direction, rig counts are down, and now production is falling, just like I said might happen in this post a year ago, quoting the Baker Hughes CEO.

 

March 11, 2025

 

Kitchen Sink- ENTER WITH CAUTION - Drill, baby, drill!! Erp. Bidens .war on fossil fuels!! Erp

 

tom, CharlesIII (remember him? I guess he couldn't take the heat in the kitchen), and Boilerman (he's gone as well, too hot to handle for him, it seems) said I was wrong. Well, it's a year later, let's check in, shall we?

 

 

US Drillers Pull Back As WTI Soars Past $98 | OilPrice.com

 

 

"The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 543, down 49 from this same time last year.

 

The number of active oil rigs fell by 5 to 409 during the latest reporting period, according to the data. This is 75 below this same time last year."

 

 

Now the biggest change:

 

"The latest EIA data showed that weekly U.S. crude oil production fell for the fifth week in a row during week ending March 20. US crude oil production averaged 13.657 million bpd during the reporting period—a 11,000 bpd dip from the week prior, and 205,000 bpd under the all-time high."

 

Rig count and production down under, "Drill, baby, drill," and who predicted it for the last few years? Well, me, of course. Another failed MAGA policy.

 

 

 

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Originally posted by: Nines

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You've established that current crude production has dropped. Don't you think there might be some reticence by the puppet masters of oil production to increase output / production when crude prices hover/ fluctuate around $100 +/- per barrel due to the middle east uncertainties? That maybe they harbor some legitimate concerns regarding a crushed demand due to potential overall economic effects from exceedingly high prices? I mean we're aware that they're greedy bastards but are they that grabby?

 

I don't think you can discuss current oil production and prices without inclusion of the effects of the middle east conflicts of the last month  regardless of political persuasion. Do you? I mean average per barrel costs prior to the conflict were within $65-$75 and soared after the onset of the war. 

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Originally posted by: David Miller

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  Links???

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Originally posted by: Kevin Lewis

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You do realize that David always screams for "proof" or "links" even when the poster he's screaming at has already provided his source(s)?

 

And you also realize that if the article in any way criticizes Dear Leader Trump (even inferentially, as in this article), he'll call it FAKE NEWS and say the poster is a moron, delusional, and suffering from TDS TDS TDS belch grunt snort?

 

Why accede to any of that jerkwad's demands? He's not the least, tiniest bit interested in discussion. He just wants to copy and paste Facebook shit, make pompous pronouncements, and insult people.

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Originally posted by: Nines

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You've established that current crude production has dropped. Don't you think there might be some reticence by the puppet masters of oil production to increase output / production when crude prices hover/ fluctuate around $100 +/- per barrel due to the middle east uncertainties? That maybe they harbor some legitimate concerns regarding a crushed demand due to potential overall economic effects from exceedingly high prices? I mean we're aware that they're greedy bastards but are they that grabby?

 

I don't think you can discuss current oil production and prices without inclusion of the effects of the middle east conflicts of the last month  regardless of political persuasion. Do you? I mean average per barrel costs prior to the conflict were within $65-$75 and soared after the onset of the war. 

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Originally posted by: Mark

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The article I read this morning about this topic said they are cutting production because they fear the uncertainty that Trump has created with his "excursion."

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Originally posted by: MaxFlavor

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Of course, but you completely miss my point or have chosen to ignore it. Trump and MAGA trumpeted, "drill, baby, drill" in the US would isolate the country from these kinds of disruptions. It was never a viable solution, and the current events, in my mind, prove how absolutely ridiculous that narrative was and is. 

 

The whole premise that by increasing the rig count in the US to produce more oil, causing prices to fall is ridiculous. Why would the puppet masters of oil production overproduce to lower their profit margins to help the American public?

 

Simple question, do you have a simple answer to support, "drill, baby, drill"?

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Originally posted by: Nines

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You've established that current crude production has dropped. Don't you think there might be some reticence by the puppet masters of oil production to increase output / production when crude prices hover/ fluctuate around $100 +/- per barrel due to the middle east uncertainties? That maybe they harbor some legitimate concerns regarding a crushed demand due to potential overall economic effects from exceedingly high prices? I mean we're aware that they're greedy bastards but are they that grabby?

 

I don't think you can discuss current oil production and prices without inclusion of the effects of the middle east conflicts of the last month  regardless of political persuasion. Do you? I mean average per barrel costs prior to the conflict were within $65-$75 and soared after the onset of the war. 

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Originally posted by: MaxFlavor

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Of course, but you completely miss my point or have chosen to ignore it. Trump and MAGA trumpeted, "drill, baby, drill", in the US would isolate the country from these kinds of disruptions. It was never a viable solution, and the current events, in my mind, prove how absolutely ridiculous that narrative was and is. 

 

The whole premise that by increasing the rig count in the US to produce more oil, causing prices to fall is ridiculous. Why would the puppet masters of oil production overproduce to lower their profit margins to help the American public?

 

Simple question, do you have a simple answer to support, "drill, baby, drill"? I say simple answer because I don't need you to over-explain how everything works.

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