{"id":15502,"date":"2014-02-27T09:15:27","date_gmt":"2014-02-27T15:15:27","guid":{"rendered":"http:\/\/ishmaels.net\/blog\/?p=15502"},"modified":"2014-02-27T09:15:27","modified_gmt":"2014-02-27T15:15:27","slug":"tweet-from-tweetcaster","status":"publish","type":"post","link":"https:\/\/www.ishmaels.net\/blog\/2014\/02\/27\/tweet-from-tweetcaster\/","title":{"rendered":"Tweet from TweetCaster"},"content":{"rendered":"<p>@themotleyfool: It&#8217;s great that the U.S. is producing more oil, but don&#8217;t assume that means we&#8217;re the next <strong class='StrictlyAutoTagBold'>Saudi<\/strong> Arabia. <a href=\"http:\/\/t.co\/2fL8243d6T\">http:\/\/t.co\/2fL8243d6T<\/a><br \/>\nShared via TweetCaster<\/p>\n<p><span style=\"line-height: 1.5em;\">As a followup to that re-tweet&#8230; I had another <strong class='StrictlyAutoTagBold'>article<\/strong> that came in and all those people that are looking for Oil to taper back off to the $60 might be in for a shock. \u00a0They need to look at the bigger picture. \u00a0Yes the <strong class='StrictlyAutoTagBold'>US<\/strong> Is now producing more oil than they have for maybe 50 years&#8230;. We are shipping out mass quantities of oil based products overseas , because&#8230; our oil is cheap enough that the companies can <strong class='StrictlyAutoTagBold'>make<\/strong> profits doing that.,<\/span><\/p>\n<p><a href=\"https:\/\/i0.wp.com\/ishmaels.net\/blog\/wp-content\/uploads\/2014\/02\/production1.jpg\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-15506\" alt=\"production1\" src=\"https:\/\/i0.wp.com\/ishmaels.net\/blog\/wp-content\/uploads\/2014\/02\/production1.jpg?resize=640%2C285\" width=\"640\" height=\"285\" \/><\/a>but the fact remains&#8230;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>we use nearly or over 20 million barrels per day in US&#8230; we only produce about 1\/3 of that maybe a <strong class='StrictlyAutoTagBold'>bit<\/strong> more as the numbers are confusing or changing?<\/p>\n<p>[gview file=&#8221;http:\/\/ishmaels.net\/blog\/wp-content\/uploads\/2014\/02\/U.S.-crude-oil-production-tops-7-million-barrels-per-day-highest-since-December-1992-Today-in-Energy-U.S.pdf&#8221;]<\/p>\n<p>All that said we are still at a big shortfall on production and our energy industry it going nearly full out&#8230;?<\/p>\n<p>next, \u00a0the main issues that no <strong class='StrictlyAutoTagBold'>one<\/strong> really looks at: the cost of finding and producing that oil&#8230;<\/p>\n<p>Depending on who you get your info from the costs of finding, developing and producing oil in the world runs from a low of near $60 per barrel to over $100 per barrel&#8230; all that new oil that is being found in S. Texas and N. Dakota&#8230;. is about to <strong class='StrictlyAutoTagBold'>level<\/strong> off with the amount of activity and effort put into it&#8230; If it was so profitable at current prices then the boom would be bigger and expanding, yet it appears that it has leveled off in some areas and just maintaining in others at this level&#8230; \u00a0All that said&#8230;energy as a <strong class='StrictlyAutoTagBold'>whole<\/strong> is still a good <strong class='StrictlyAutoTagBold'>place<\/strong> to invest. \u00a0Just be a <strong class='StrictlyAutoTagBold'>bit<\/strong> picky and ensure the price you pay is not too high for the return you are getting. \u00a0Some will go bust even at $100 a barrel&#8230;<\/p>\n<p>&nbsp;<\/p>\n<p>WD0AJG<\/p>\n","protected":false},"excerpt":{"rendered":"<p>@themotleyfool: It&#8217;s great that the U.S. is producing more oil, but don&#8217;t assume that means we&#8217;re the next Saudi Arabia. http:\/\/t.co\/2fL8243d6T Shared via TweetCaster<\/p>\n<p>As a followup to that re-tweet&#8230; I had another article that came in and all those people that are looking for Oil to taper back off to the $60 might be in for a shock. They need to look at the bigger picture. Yes the US Is now producing more oil than they have for maybe 50 years&#8230;. We are shipping out mass quantities of oil based products overseas , because&#8230; our oil is cheap enough that the companies can make profits doing that.,<\/p>\n<p>but the fact remains&#8230;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>we use nearly or over 20 million barrels per day <\/p>\n<p><a href=\"https:\/\/www.ishmaels.net\/blog\/2014\/02\/27\/tweet-from-tweetcaster\/\">&#8220;And Now the Rest of the Story &#8211; &#8220;Tweet from TweetCaster<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[13],"class_list":["post-15502","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-bbs","odd"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tweet from TweetCaster - And That was How it Went<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ishmaels.net\/blog\/2014\/02\/27\/tweet-from-tweetcaster\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tweet from TweetCaster - And That was How it Went\" \/>\n<meta property=\"og:description\" content=\"@themotleyfool: It&#8217;s great that the U.S. is producing more oil, but don&#8217;t assume that means we&#8217;re the next Saudi Arabia. http:\/\/t.co\/2fL8243d6T Shared via TweetCaster As a followup to that re-tweet&#8230; I had another article that came in and all those people that are looking for Oil to taper back off to the $60 might be in for a shock. 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