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catrose

(5,301 posts)

11. It would be hard to make a profit from Alaska crude

Reply to BumRushDaShow (Original post)

Thu Jul 3, 2025, 08:10 PM

Jul 3

It’s solid at room temperature, makes California crude (the nastiest in production so far) look sweet. I’m not sure we know how to process it. In one of the stupidest budget cuts until Elooon, the govt shuttered the National Petroleum Lab more 25 years ago. They did our oil and gas research, but someone thought it was more important to keep the national coal lab open.
For a while, companies drilling in Alaska got tax breaks. When the tax breaks went away, so did the companies.

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area51

11 replies

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Highlight:

Some oil patch execs say "drill baby drill" isn't happening [View all] BumRushDaShow Jul 3 OP

Oil is a global commodity. The market determines the price. If oil producers aren't going to make Ray Bruns Jul 3 #1

and that there is why we have records temperatures for the past decade Mr. Sparkle Jul 3 #2

I don't know what the general consensus of Mr Global is electricmonk Jul 3 #3

The U.S. has been the top crude oil producer for several years and... Septua Jul 3 #6

A lot of what Trump says is just grandstanding for his base. Drill, baby, drill is no exception. patphil Jul 3 #4

It matter not a whit if production actually increases. maxsolomon Jul 3 #5

And they were already at max production when Trump... Septua Jul 3 #7

With this bill passing he may make them drill at gunpoint because he now feels he's Supreme Leader material lmao n/t Cheezoholic Jul 3 #8

Don't forget OPEC+ mwooldri Jul 3 #9

They did agree to up the production BumRushDaShow Jul 3 #10

It would be hard to make a profit from Alaska crude catrose Jul 3 #11