[QUOTE=Trip7;4028131]
Originally Posted by
madmax757
100% agree Nuclear is the long term solution. It's a long cycle solution though. Permitting and construction takes around a decade for each new plant. Same for new Oil Refinery. Also tough to build billion dollar+ infrastructure with critical shortages of diesel for at least a year or 2
It is apparent you have more knowledge regarding the oil/refinery industry than most of us here.
Can you provide a basic explanation of a few numbers that don't fit the rhetoric?
The US extracts about 13.5 million bbls/day of oil.
US refineries use about 16.5 mbl/day.
Yet we not only export crude oil, we seem to be actively encouraging this as national policy.
Is there a basic 101 type reasoning for this?
Total distillate produced in the US is about 21.5 to 22 mbl/day.
Total consumed in US is about 20.5mbl/day.
Is the additional 8 mbl/day produced only natural gas and ethanol equivelencys?
Or do we do "gaming" by including the 10%volume increase from refing and other such things, which change the numbers from a field production perspective to an end product perspective.
Do you have insight as to how long the oil production from basins that are asseessable primarily only by fracking will continue to be productive?
(obviously price gets involved.. $100/bbl can encourage a lot more drilling than $60 oil)