Zig’s Place Chatroom News Wednesday PM 3-16-22
Zig’s Place Chatroom News Wednesday PM 3-16-22
Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish
Joetato Some One just this morning said the deficit was going down. Federal Budget Deficit for February 2022: $217 billion. One month! That's money the country didn't have but spent away. But she thinks it's OK to spend anyways as long as it goes down a bit. Another example of you can't fix stupid.
Sheila Got my green ready for tomorrow, St Patrick's Day. Sure wish it was greenbacks in my pocket, wallet, purse - every nook and cranny... lol
butterfly sheila I would like to share mine but it is going to humariantian systems. Your time will come, just wait.
Sheila butterfly No worries. You go add value where you choose. All good here.
Sheila Oil down below 96... www.marketwatch.com -- www.oilprice.com
butterfly Reserves are being used.
Sheila April Futures locked in around this 96 pricing. Maybe see gas go down a bit by end of March? maybe?
Sheila butterfly Those 60M barrels only good for 2 or 3 days in this country. Makes for good press.
butterfly The United States holds 35,230,000,000 barrels of proven oil reserves as of 2016, ranking 11th in the world and accounting for about 2.1% of the world's total oil reserves of 1,650,585,140,000 barrels. The United States has proven reserves equivalent to 4.9 times its annual consumption.
butterfly How much oil reserve do we have in us?
National summary
Crude oil billion barrels Total natural gas trillion cubic feet
U.S. proved reserves as of December 31, 2019 44.2 495.4
Extensions and discoveries 3 39.8
Net revisions -8.8 -98.2
Net adjustments, sales, acquisitions 1.2 73.4
butterfly https://www.eia.gov/naturalgas/crudeoilreserves/
butterfly https://www.aogr.com/web-exclusives/exclusive-story/u.s.-holds-most-recoverable-oil-reserves
butterfly How long will US oil reserves last?
The United States has proven reserves equivalent to 4.9 times its annual consumption. This means that, without imports, there would be about 5 years of oil left (at current consumption levels and excluding unproven reserves).
butterfly Where is the largest oil reserve in the US?
Image result
Oil highlight
Texas, the state with the largest volume of proved reserves of crude oil and lease condensate, had the largest net decrease in proved reserves in 2020 (3.1 billion barrels or 16%) (Table 6).Jan 13, 2022 u.s.%20oil%20reserves%202021 - Google Search
u.s.%20oil%20reserves%202021 - Google Search
Crude oil is the world's main source of energy. In 2018, the world used approximately 99.3 million barrels per day of oil. Oil Reserves by Country 2022. LINK
Here are the 10 countries with the most oil reserves:
Venezuela (300.90 Bn)
Saudi Arabia (266.50 Bn)
Canada (169.70 Bn)
Iran (158.40 Bn)
Iraq (142.50 Bn)
Kuwait (101.50 Bn)
United Arab Emirates (97.80 Bn)
Russia (80.00 Bn)
Sheila Yes, there must be large reserves, yet didn't the Press Release say they were only going to release 60M barrels?
Joetato Largest reserves are in the ground.
Joetato Reserve Estimates
U.S. Holds Most Recoverable Oil Reserves
By Per Magnus Nysveen OSLO, NORWAY–The United States now holds the world’s largest recoverable oil reserve base–more than Saudi Arabia or Russia–thanks to the development of unconventional resource plays.
Ranking nations by the most likely estimate for existing fields, discoveries and as-of-yet undiscovered fields (proved, probable. possible and undiscovered), the United States is at the top of the list with 264 billion barrels of recoverable oil reserves, followed by Russia with 256 billion, Saudi Arabia with 212 billion, Canada with 167 billion, Iran with 143 billion, and Brazil with 120 billion
Doug_W SO then lets GO get it
Dave Joetato .The United States now holds the world’s largest recoverable oil reserve base–more than Saudi Arabia or Russia–thanks to the development of unconventional resource plays.
Dave Break even for oil companies fer tight oil in the USA.....60.00 barrel......bitumen...90.00 barrel
Dave Middle East oil.......much higher grade......and easier to get to...though Saudi Arabia now required to do much more fracking
Dave FRACKING not nice to the environment.......nor the water table
Dave Yes The Moon may have Huge metals/minerals reserves also....
Butterfly Schumer: “The bewildering incongruity between falling oil prices and rising gas prices smacks of price gouging … The Senate is going to get answers, and that's why we will be calling on the CEOs of major oil companies to come testify before the Congress.”
butterfly
https://www.goalcast.com/russian-soldier-surrenders-to-ukrainian-people-their-response-makes-him-cry/
butterfly The United States has issued unprecedented sanctions against Russia. The result has Russian currency in a freefall. The Russian stock market is closed. The credit rating of Russia has now been designated as "junk." Vice President Kamala Harris
Butterfly "[Top DOJ prosecutor Andrew Adams] said 'I'm not looking to put banks out of business. But if there are some banks that have not done the right compliance work, 'hear no evil, see no evil' is no longer in play. And he'll go after them" -
@Tom_Winterw/@NicolleDWallace https://twitter.com/DeadlineWH/status/1504238688900890629 video
butterfly Russia claims its only hitting military targets. What does the Kyiv Mayor say to that? "BULLSHIT!" he spits. A former boxing champion, Vitale Klitschko delivers knockout sound bites that get straight to the point. Feel free to share #Ukraine #Kyiv video https://twitter.com/ChrisReason7/status/1504008559566426115
butterfly The Russians just bombed the Mariupol city theater (with the word “children” written on both sides) containing the city’s largest bomb shelter. The shelter can hold up to a thousand, and it is known that hundreds of civilians were sheltering there. Rescue is hampered by shelling. https://twitter.com/APrettyLeaf/status/1504205576141611008
Joetato Americans’ Spending Slows Dramatically Amid Surging Inflation And Gas Prices
Joetato Saudi Arabia, UAE Welcome UK Prime Minister For Oil Talks After Reportedly Shunning Biden
Joetato Farmers Warn About Rising Food Prices — One Way To Prepare - American farmers are getting hit by higher costs of fertilizer, gas and everything else.
Now, they’re warning America that the result will be rising food prices. “Soaring fertilizer prices are likely to bring spiked food prices. If you’re upset that gas is up a dollar or two a gallon, wait until your grocery bill is up $1,000.00 a month, and it might not just manifest itself in terms of price. It could be quantity as well. Empty Shelf syndrome may be starting.”
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