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BumRushDaShow

(146,636 posts)
10. That purported "debate"
Mon Nov 18, 2024, 06:02 PM
Nov 18

is typical bloviating nonsense from the GOP with the "drill baby drill" retro crap.

There have been numerous court rulings over the past 5 years (I have been posting this stuff in LBN) with respect to the leases, so there would be more coming on line in the future...

But at this point, we apparently have enough capacity and then some - https://www.democraticunderground.com/10143255368

They did recently ratchet it back some though - https://www.democraticunderground.com/10143288763

The variables are again with Russia and Saudi and OPEC+ (notably) and what they decide to do with their production. Some of us remember this - https://www.democraticunderground.com/100213319463



The "cuts" that they agreed to (now expanded into 2025) in order to loft the bbl price closer to $100 didn't quite work out thanks to the U.S. record production. And at this point, it is doubtful that Europe will go back to Russian-sourced oil/LNG, so we might end up being "it" (thus getting export facilities up and running).

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