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Thread: $1.99 gas .

  1. #51
    Quote Originally Posted by Gilligan View Post
    It is (was) possible that we could equal or exceed, in 2015, the previous all-time peak production level from around 1972. But I would guess that the precipitous drop in oil prices might keep that from happening.
    Without knowing what oil prices are going to do over the next 6 months or so, we're largely just guessing, yeah. But my guess is that U.S. production continues to climb some in 2015, just not at the rate it would have had prices remained $90 - $100 -ish. That said, I think I'd agree with you that we don't get to an all-time high for U.S. production. We've increased production in the ballpark of a million barrels per day average for the last 3 years, 2014 will probably be a little above 8-1/2 mbpd (maybe 8.6 or so). I'd guess we don't get another million bpd bump for 2015, which is about what we'd need.
    Nearly all success in electoral politics boils down to convincing people that you recognize that they are not the problem, that someone or something else is.

  2. #52
    The hits are starting to become evident..... Fortunately (I hope) for us, we're seeing a tremendous uptick in the construction of offshore wind farm support vessels, offsetting to a large extent, the cutbacks in the very similar off shore oil support vessels.
    "I've got to start eating at home more" - J. Dahmer

  3. #53

  4. #54
    INGSOC GURPS's Avatar
    Member Since
    Nov 2012
    Peoples Republic Of Maryland
    Quote Originally Posted by Gilligan View Post
    This story is a month old...the outlook for production is not good. Going to be a lot of layoffs along the gulf coast, North Dakota, etc.

    my wife's best friend, was sent home from Kansas [back to Houston] before Christmas
    .... the project her husband was working on was shut down he was a pipe fitter working on various expansion projects in the last 5 yrs .....

    [they were supposed to be there 3 yrs]
    Last edited by GURPS; 01-10-2015 at 08:53 AM.
    We’re tempted to suggest a conspiracy here — but it’s just liberals agreeing yet again that conservatives have hidden, evil motives, because modern liberals simply can’t conceive of any other reason to disagree with the liberal consensus.

    “Moral precepts are constant through the ages and not obedient to circumstances.”

  5. #55
    $1.90 today with Sheetz card at Dahlgren.

  6. #56
    diesel finally below 3.00 in some places too.
    "I've got to start eating at home more" - J. Dahmer

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