RIP TEXAS

stop driving gasoline cars, switch to EV

Zeihan's a memestream geopoliticist

Forgot pic this was his prediction a few years back

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This is a good thing, it will be cheap enough for the common man to begin buying oil for himself.
A new market is born.

>peter zeihan
>the same guy that predicted Assad will fall in 2014 and Russia would never intervene

yep

>Why are we depleting it now.
Because delusional faggots like can't come to terms that they're mentally inferior mongrels who's free ride is about to come crashing down.

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wow he truly looks like a smart guy

Yayyuhhhh. Do do do do doooo im lovin it

Seems to be right. Where is it incorrect?

Good thing we're getting all those engineers from Guatemala and Ethiopia, that will keep us in the lead.

>US protects their shipping
Seems like China and Iran are telling you to fuck off.
Either you fuck off by choice, or they will make you fuck off by force. Either way you're going to have to face your delusional stupidity in the mirror and kill yourself when you come to terms with it.

what, israhell isn't an ally?
kek

You also get them from Russians and Iranians. You know, the people you chose to antagonize to please the subhuman retards that envy them in their periphery. How are the Kurds doing?

This. Oil price speculation is how oil rich countries are fucked by the IMF and Workd Bank.

>but but muh peak oil

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Permian (Texas) producers can drill profitably at $20/bbl, and even less in certain circumstances.

$30/bbl would be RIP rest of the oil producing world, and non conventional plays in the US.

t. Work in O&G finance

>muh diverse texas and california economies are so great!
texas only has money because of massive federal spending by multiple government institutions within texas, fucking delusional states with 20 military baes (texas has the largest military base in the world fort hood) and pretend like they have some fucking value other than parastically draining the rest of the states not drowning in government tits

I guess it’s time for war with Iran

RIP Texas? RIP the freaking russkies... they would be so fucked lol

$40 federal budget since 2014, why do you think they have surplus ?

this. There are a shitload of wells that are currently capped in my area.

The other thing that this doesn't take into account is the the US is the largest refiner of oil. We import a shitload of oil, only to export the products produced from it being refined. Mostly in Texas.
The US consumes 773 MT of refined products, but produces 893 MT of refined products. The price of crude Oil going down actually helps this refining capacity and makes it more profitable.

>Japan not an ally

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State of interest. USA could massively benefit from paper clipping their R&D which they pay a lot of money to.

yearbook.enerdata.net/crude-oil/world-production-statitistics.html
US crude production 580 MT
yearbook.enerdata.net/crude-oil/world-refineries-data.html
US input to refineries 841 MT
yearbook.enerdata.net/oil-products/world-refined-production-statistics.html
US refined oil production 893 MT
yearbook.enerdata.net/oil-products/world-oil-domestic-consumption-statistics.html
US refined oil consumption 773 MT

yearbook.enerdata.net/oil-products/world-oil-balance-trade-data.html
So the US exports more refined oil products than any other country and exports 120.7 MT of refined oil products.

Guess you'll just drive the EVs made completely of metal, wooden tires and no computers. "Who needs oil? I take the bus." Right?

>Zeihan
If you're gonna predict Alberta's secession from Canada, you better be right. I'm sick of getting my hopes up for nothing

pls

>Cuba in American core
>Israel and Syria left blank
>Japan and South Korea not Allies
>North Korea not state of interest
>China not problem state
>Brazil not state of interest
>Angola is relevant

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The fun begins if russia actually tries to push it to $30. Sure their onshore average cost to produce is $12, but their arctic cost to produce is ~$120. They would be cutting off their nose to spite their face.

>Cuba has a core
Maybe I am misinterpreting what is ment as a core here but that is functionally wrong and retarded.

Fuck you fag

Shale is rapidly approaching profitability at $15/barrel
>bloomberg.com/news/articles/2019-03-14/exxon-aims-for-15-a-barrel-costs-in-giant-permian-operation
Weep more, OPEC faggots
based, the both of you.

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Exactly

Since you seem to still be a skeptic, even though I agree with his map entirely, let me point something out.
Exports as a percentage of GDP for the US are literally Rwanda-tier (or close enough). The only reason other people give a shit is because even though it's a small percentage for us, it's still trillions of dollars and we BUY a huge amount of the world's exports. All of which can be made here, or in Canada, or in Mexico, or in Central America.

The US' strength was that we agreed to have a very friendly trade policy with NATO to ensure they would be strong enough to help us against the Soviets. Part of that also involved Europe abandoning the imperial model for that of an American Hegemony, where global trade was secured by overwhelming force of a power uninterested in (and honestly poorly made for) conquest*. News Flash: the USSR has been dead for almost 30 years, and most of the Warsaw Pact states are now part of NATO or the EU. We don't need to subsidize Europe anymore, but Europe forgot why we were giving them such favorable terms of trade.

*We tried to do imperial shit with the Philippines. That doesn't work too well under a system that guarantees the Bill of Rights to even the lowliest protectorate, specifically the right to bear arms and the right to free speech and assembly. The US' governmental structure is fundamentally incompatible with long-term imperial occupation.

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I actually want gas to get back to 90 cents a gallon like back in the 90's. Americans need more family road trips

China has only about 30 ships capable of sailing more than 1000 miles from their ports.
>1/2

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Damn it feels good not needing foreign oil anymore

The US, on the other hand, has about ten times that number, and almost all can travel globally. Plus, trying to compare their refitted anti-submarine carrier to a Supercarrier is an exercise in hilarity. The Liaoning can't even launch J-15s with full fuel and weapons loads.
>2/2

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Post yfw Trump gets the US out of OPEC

>Permian (Texas) producers can drill profitably at $20/bbl
Exxon is prepping for $15/bbl or lower.
>youtube.com/watch?v=VGF4ibgcHQE

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Now we just need more refineries to drop the price of gas even lower. My nearest gas station has regular at $2.39 a gallon and $2.19 with a car wash

oil is a renewable resource and they know it.

Already in the works. US refineries were set up more for heavy and sour crude, ideal for older wells and Venezuelan imports. Venezuela has dried up (mostly through incompetence) and now we have a serious oversupply of light, sweet crude from fracking. After a few more years the US refineries will be done retooling with shale output as the focus.
Natural Gas is another fun problem: they have so much that even though it's a pain to deal with, the cost is low enough that some refineries have expanded facilities to process it. Insecticide, Herbicide, and Fertilizers made in the US from Natural Gas feed stock are now 1/6th the price of equivalent products made anywhere else in the world.

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It's funny, you guys brag about things like this then be surprised when you get culturally enriched

Amazing how much progress can be made by pulling back on regulations

This didn't even require many regulatory pull-backs, it's the market responding to hilarious over-supplies in one place and shortages in another.

Are we talking what Texas gives vs takes nationally in budget? If so, you're completely fucking wrong. Try number two top payer into the system. So fuck your state faggot.

Why is Texas fucked?

>implying Texas isn't fucked no matter the price of oil

realclearpolitics.com/epolls/2016/president/tx/texas_trump_vs_clinton-5694.html

realclearpolitics.com/epolls/2018/senate/tx/texas_senate_cruz_vs_orourke-6310.html

realclearpolitics.com/epolls/2020/president/tx/texas_trump_vs_biden-6818.html

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It's about to be crushed to death by the sheer weight of its profits

As a sovereign country (2016), Texas would be the 10th largest economy in the world by GDP (ahead of South Korea and Canada).

China watches China, Russia watches Russia, Iran watches Iran, Europe watches Europe.

Mutts should watch Muttistan.

Ok Chankoro

It's not like Russia is pumping their own, they're buying that shit from Iran for $20.

You didn't get the memo: Europe willingly became subservient to us because we ensured security of intentional oceanic trade, which ended one of the largest driving forces of conflict on their continent.
Later, China accepted it too because they both couldn't afford such extravagances or be assed to think about what would happen if the US pulled the rug out from under them. The latter point is why they're fucked now: they're in an even worse situation than Imperial Japan before the outbreak of WWII in terms of trade security and power projection, but they would have to secure almost identical trade routes.
The US will continue to patrol what it wants to patrol and where people pay it to patrol. Beyond that, we have...
...other ambitions. Pic Related.

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Bro, you don't know that Russia is a top producer? It has been for decades.

*international oceanic trade

oops.

Why the fuck is gas still 4 bucks a gallon if oil is so readily available??
youtube.com/watch?v=-xP5SvPrjNA

>2019
>still talking about oil prices
you guys are still getting blacked by these niggers

If oil so cheap why do. We pay so much for fuel and electricity?

>implying america would somehow be forced to buy russian oil
>implying america doesn't have oil reserves

Blue State Gas Taxes. This week, mine was $2.45/gallon.

Bro, we have the only honest estimates and they are tied to current economics not by treaty like the opec countries. Btw economics and tech change

Taxes.

Bakken worker here. How are finances looking for this basin?

Ok you're right. Russia watches Europe, since they are nothing but vassal cuckolds.

Permian is hotter, but there are bottlenecks in pipelines everywhere. Once those open, expect activity to go way up.

(once the new pipeline projects are done, that is)

venezuala
japan
china
literally everything that wasn't completely obvious

How do I invest in oil once it drops? I use Robinhood.

I don't think you can buy oil futures on robinhood

Aye , i just left the permian, it was maddness down there, but they pay mudloggers a pittance there so I came to bakken to steer and log.

The people who stayed rich after a gold rush never came for gold. They came to sell the miners their supplies.

If you can pick up skills while there, try to pick up welding. Especially if it's welding stainless.
Let's just say it has broad applicability.

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>RIP TEXAS
What did he mean by this?

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> Germany
>Problem State

Seems to be right

>Texas
America is flooding the market to keep oil cheap you retard.
OPEC is trying to get the price up

Why isn't the taxpayer receiving lower electricity prices as a result of this cheaper fuel?

>Ucraine not interest/problem
>China not a problem
>Germany problem

His accidental superpower shit is jared diamond tier.

If China tells the US to fuck off, then they start having to deal with Japan, who will happily push their shit in again if given the opportunity. And Iran has Saudi Arabia and Israel to deal with when we leave.

Another result of dirt cheap natural gas is that we're building hybrid cycle power plants. Stage one burns natural gas in a gas turbine to run a generator. Stage two uses the exhaust heat from the gas turbine to fire a boiler which then drives a steam turbine powering a second generator. No particulates to worry about and twice the power of a coal fired power plant for a fraction of the cost.

Russia and Europe are about to deal with a massive demographic collapse. Same with China.

>RIP TEXAS
Lower oil price is actually a good thing for Texas. They refine more of the world's oil than anyone else, most of it from other countries, only to be exported back to them. The lower the cost of oil, the better it is for the refining industry.

and we arent? no amount of spicks will help america's demographic problem because they will never be as productive as white americans