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Libs, is Texas still going blue after Biden said he would end oil industry?
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Date: October 22nd, 2020 11:18 PM Author: Swashbuckling Tattoo (http://www.autoadmit.com/thread.php?thread_id=4659334&forum_id=2#41169675) |
Date: October 22nd, 2020 11:26 PM Author: Cerebral location sincere question - is oil a big industry in texas at this point? (http://www.autoadmit.com/thread.php?thread_id=4659334&forum_id=2#41169774) |
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Date: October 22nd, 2020 11:26 PM Author: Swashbuckling Tattoo Already put Joe to bed, Jill? That was fast. (http://www.autoadmit.com/thread.php?thread_id=4659334&forum_id=2#41169782) |
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Date: October 22nd, 2020 11:27 PM Author: Disturbing garrison yes. still the single biggest industry though tech will overtake it soon (http://www.autoadmit.com/thread.php?thread_id=4659334&forum_id=2#41169784) |
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Date: October 22nd, 2020 11:32 PM Author: primrose spot rigpig direct extraction is 14% of state GDP, not including associated financial services, manufacturing etc. It's something like 40% of the entire domestic oil production capacity of the country.
https://www.statista.com/statistics/304890/texas-real-gdp-by-industry/ |
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Date: October 22nd, 2020 11:37 PM Author: Arousing cerise giraffe Uh, no, not at all. More like the horse buggy industry in Pennsylvania. (http://www.autoadmit.com/thread.php?thread_id=4659334&forum_id=2#41169904) |
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Date: October 23rd, 2020 5:28 AM Author: Citrine razzmatazz pistol ticket booth yes, yes it is (http://www.autoadmit.com/thread.php?thread_id=4659334&forum_id=2#41170940) |
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Date: October 22nd, 2020 11:29 PM Author: Costumed ruby abode Nope - that was the stake through the heart (http://www.autoadmit.com/thread.php?thread_id=4659334&forum_id=2#41169815) |
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Date: October 22nd, 2020 11:33 PM Author: Swashbuckling Tattoo And for what? What did he gain by saying that? (http://www.autoadmit.com/thread.php?thread_id=4659334&forum_id=2#41169870) |
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Date: October 22nd, 2020 11:34 PM Author: navy excitant locale roommate California (http://www.autoadmit.com/thread.php?thread_id=4659334&forum_id=2#41169876) |
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Date: October 22nd, 2020 11:40 PM Author: Arousing cerise giraffe Was California not voting for Biden overwhelmingly? (http://www.autoadmit.com/thread.php?thread_id=4659334&forum_id=2#41169931) |
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Date: October 22nd, 2020 11:41 PM Author: Passionate Azure Trailer Park WHOOSH (http://www.autoadmit.com/thread.php?thread_id=4659334&forum_id=2#41169938) |
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Date: October 23rd, 2020 5:29 AM Author: Citrine razzmatazz pistol ticket booth (http://www.autoadmit.com/thread.php?thread_id=4659334&forum_id=2#41170941) |
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Date: October 22nd, 2020 11:34 PM Author: Costumed ruby abode Zero. He’s retarded (http://www.autoadmit.com/thread.php?thread_id=4659334&forum_id=2#41169881) |
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Date: October 22nd, 2020 11:36 PM Author: Passionate Azure Trailer Park It probably wasn't going blue anyway, but Biden's plan to transition out and be net zero emissions is exactly in line with the oil super majors' plan.
The oil industry is literally committing to ending the oil industry right now. All are going to zero-emissions targets. All the big new investment is in renewables and natural gas. Biden's statement is perfectly in-line with what the majors plan over the next 25-50 years.
There's a lot of talk about hitting peak demand around 2030. |
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0xCE955F7F2A24fB8A7c3cd6F115F65E016c785EC8 Date: October 22nd, 2020 11:36 PM Author: richard clock sup neera tanden (http://www.autoadmit.com/thread.php?thread_id=4659334&forum_id=2#41169901) |
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Date: October 22nd, 2020 11:37 PM Author: Brilliant marketing idea headpube Maybe if you spam your Share Blue talking points enough, you’ll be able to convince a single person. Keep at it little buddy! (http://www.autoadmit.com/thread.php?thread_id=4659334&forum_id=2#41169912) |
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Date: October 22nd, 2020 11:39 PM Author: Passionate Azure Trailer Park I'm in the oil business. (http://www.autoadmit.com/thread.php?thread_id=4659334&forum_id=2#41169921) |
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Date: October 22nd, 2020 11:38 PM Author: effete nudist wagecucks dingle berry This is like the fourth thread you’ve copy pasted this same shit get fucking rekt dickhead (http://www.autoadmit.com/thread.php?thread_id=4659334&forum_id=2#41169915) |
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Date: October 22nd, 2020 11:40 PM Author: Passionate Azure Trailer Park I wrote it. It's a much more complicated and nuanced issue than it got portrayed in the debate.
Biden's right that there's no video of him saying he'll ban fracking. He had to run to get Obama elected in 2012. His position has always been that you want to transition away.
That's the same position the industry has taken, however disingenuously. |
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Date: October 22nd, 2020 11:48 PM Author: Arousing cerise giraffe No it's not really that nuanced. To anyone that has followed democratic politics over the last 20+ years it's clear they've wanted to destroy the fossil fuel industry. Of course CEOs are going to hedge bets and placate, it's in their best interest. Do you really think that Exxon, Chevron, Conoco, all the mid-majors, the mid-stream transport and pipeline companies, plus all the service companies that collectively employ millions and create $100s of billions of revenue and GDP (and have invested $100s of billion in infrastructure) are just going to throw it all away? Come on, man! At least use 60 of your 80 IQ points to think this through. (http://www.autoadmit.com/thread.php?thread_id=4659334&forum_id=2#41169978) |
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Date: October 22nd, 2020 11:54 PM Author: Passionate Azure Trailer Park Well Exxon is pretty clearly going with "fuck that" but the others are looking toward a world where oil is not the most valuable energy commodity. Total and BP both expect oil demand to max out around 2030. It will still be a huge part of the economy on the current trajectory, but a declining part. And if there is some big breakthrough with gas or renewables then it'll be even faster. You'll still always need oil for the gajillion petroleum products we use. But you're not going to run your economy on it.
https://www.worldoil.com/news/2020/9/29/total-joins-bp-in-projecting-an-oil-demand-peak-around-2030
The trend for major projects being funded are definitely more renewables/natural gas.
Of course the independents and service companies aren't on board. What use is an oil pipeline in a windfarm? A billion dollar E&P company can't afford to place bets on renewables. Who needs a roughneck when the solar panels require and EE degree.
The Oil Age is coming to a close, at least in my kids' lifetime. It will have been a good 200 year run, but it won't last forever. |
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Date: October 22nd, 2020 11:59 PM Author: Arousing cerise giraffe I don't disagree that the oil majors are looking at other avenues for growth and revenue exploitation, but to imply that somehow these companies are forsaking oil in the short-mid or even long term is laughable and disingenuous as best.
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Date: October 23rd, 2020 9:57 AM Author: Passionate Azure Trailer Park Yeah, that's one of the points I always make when people want to ban oil. Simply not feasible and global demand is going to increase for at least the next decade.
But under Obama there was a lot of regulatory rule making around emissions that made the industry upset, but it got implemented and the majors were able to adapt. Even when Trump rolled back these regulations a lot of companies decided to just follow them anyway since they'll be back under a Democratic administration. |
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Date: October 23rd, 2020 7:35 AM Author: angry heady clown I view it as analogous to data center transitioning to cloud. Massive incumbency investments will slow down the process, but even the companies who are the most reliant on the on premise revenue are insistent that they will be a part of the transition to a cloud dominant model, even though their progress to this point is at best questionable and at worst pure window dressing. Still it’s an inevitable change and a policy intervention to accelerate it would hurt the incumbents but their only choice in that policy environment would be to engage and try to win new IP fights and regulatory battles to carve out their space in the next generation. Because of all their existing relationships with all stakeholders (not just suppliers/supply chain or customers but also the policy makers and linked products and markets) they are unlikely to disappear completely but the smartest among them will embrace and outmaneuver their peers during this transition phase. (http://www.autoadmit.com/thread.php?thread_id=4659334&forum_id=2#41171009) |
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Date: October 23rd, 2020 9:55 AM Author: Passionate Azure Trailer Park Yeah, agree. Incumbents are rarely the innovators. That being said, a lot of renewables operate very similar to oil and gas. Wind farm leases are very similar to oil and gas leases, for example. (http://www.autoadmit.com/thread.php?thread_id=4659334&forum_id=2#41171355) |
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Date: October 23rd, 2020 12:03 AM Author: Dashing Plaza Mediation international oil companies are subject to carbon taxes and different regulatory regimes than US independents, none of whom are “committed to ending the oil industry” (http://www.autoadmit.com/thread.php?thread_id=4659334&forum_id=2#41170075) |
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Date: October 23rd, 2020 12:05 AM Author: aqua yarmulke Hey moron, supermajors aren’t the Oil Industry in texas anymore. Or America. They were all relatively better off BEFORE fracking. They’ve bought in recently-ish but the major players are all independents. Supermajors were great at foreign drilling and offshore - both of which aren’t hot assets now. The supermajors are moving towards renewables because they realize their edge isn’t in fracking. (http://www.autoadmit.com/thread.php?thread_id=4659334&forum_id=2#41170088) |
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Date: October 23rd, 2020 9:59 AM Author: Passionate Azure Trailer Park Major independents such as Anadarko, Noble, and Concho? And mid-size companies like Devon and WPX?
Offshore is actually one investment bright spot right now (relatively speaking). |
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Date: October 22nd, 2020 11:40 PM Author: chrome fear-inspiring crotch texas is 73c on predictit
jesus libs are delusional |
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Date: October 22nd, 2020 11:41 PM Author: Passionate Azure Trailer Park Because they think Texas is going for Trump? (http://www.autoadmit.com/thread.php?thread_id=4659334&forum_id=2#41169933) |
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Date: October 22nd, 2020 11:42 PM Author: Olive set "It probably wasn't going blue anyway" (http://www.autoadmit.com/thread.php?thread_id=4659334&forum_id=2#41169940) |
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Date: October 22nd, 2020 11:45 PM Author: Passionate Azure Trailer Park Correct. (http://www.autoadmit.com/thread.php?thread_id=4659334&forum_id=2#41169963) |
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Date: October 22nd, 2020 11:58 PM Author: Olive set Lol, delusional! (http://www.autoadmit.com/thread.php?thread_id=4659334&forum_id=2#41170049) |
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Date: October 23rd, 2020 3:30 PM Author: Passionate Azure Trailer Park I don't understand. (http://www.autoadmit.com/thread.php?thread_id=4659334&forum_id=2#41173812) |
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Date: October 22nd, 2020 11:44 PM Author: chrome fear-inspiring crotch lmao you're one of the blown out holds on this trade aren't you? (http://www.autoadmit.com/thread.php?thread_id=4659334&forum_id=2#41169955) |
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Date: October 22nd, 2020 11:44 PM Author: gold really tough guy stead Texas is ONLY lean Republican. Delusional Libs! (http://www.autoadmit.com/thread.php?thread_id=4659334&forum_id=2#41169958) |
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Date: October 23rd, 2020 12:01 AM Author: carmine bonkers hissy fit *"Dallas" theme tune plays* (http://www.autoadmit.com/thread.php?thread_id=4659334&forum_id=2#41170065) |
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Date: October 23rd, 2020 2:25 AM Author: Salmon Contagious Theater Stage (http://www.autoadmit.com/thread.php?thread_id=4659334&forum_id=2#41170764) |
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Date: October 23rd, 2020 7:07 AM Author: Lavender flirting market mood (http://www.autoadmit.com/thread.php?thread_id=4659334&forum_id=2#41170982) |
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Date: October 23rd, 2020 10:06 AM Author: Razzle mad-dog skullcap ratface (http://www.autoadmit.com/thread.php?thread_id=4659334&forum_id=2#41171420) |
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Date: October 23rd, 2020 2:17 AM Author: Marvelous Trust Fund Nowag it went blue for beta o'dork why wouldnt it for jose biden (http://www.autoadmit.com/thread.php?thread_id=4659334&forum_id=2#41170728) |
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Date: October 23rd, 2020 5:29 AM Author: Citrine razzmatazz pistol ticket booth lol (http://www.autoadmit.com/thread.php?thread_id=4659334&forum_id=2#41170942) |
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Date: October 23rd, 2020 3:46 AM Author: Thriller judgmental piazza ITT: Trumpmos cheering that debate will win them Texas (btw 70% have voted there already) while Trump basically said fuck seniors. Let’s see how he does in Florida. (http://www.autoadmit.com/thread.php?thread_id=4659334&forum_id=2#41170862) |
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Date: October 23rd, 2020 3:51 AM Author: Disturbing garrison cope more
debate locked down NC/AZ/FL for trump. TX/GA was a pipe dream anyway for libs and was never in play
it all comes down to MN/MI/PA/WI. and trump only needs one while biden needs to win all 4
lmao @ libs |
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Date: October 23rd, 2020 7:21 AM Author: angry heady clown The trumpmo overconfidence about Arizona is bizarre. Even if you buy the entire trafalgar theory about hidden votes it’s way less relevant and impactful there, and Trafalgar’s own October polling puts it neck and neck with 4+% undecided. Not to mention that Trump spent his entire presidency shitting all over their most visible/leading GOP figures. Best case scenario for Trump in AZ is a coin flip right now. (http://www.autoadmit.com/thread.php?thread_id=4659334&forum_id=2#41170991) |
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Date: October 23rd, 2020 3:16 PM Author: Disturbing garrison cope more (http://www.autoadmit.com/thread.php?thread_id=4659334&forum_id=2#41173680) |
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Date: October 23rd, 2020 3:26 PM Author: angry heady clown LOL I'm supposed to cope with you being delusional? Nah I'd rather just point out to you that you're retarded and everyone with a triple digit IQ can see that easily. (http://www.autoadmit.com/thread.php?thread_id=4659334&forum_id=2#41173767) |
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Date: October 23rd, 2020 3:30 PM Author: Disturbing garrison me: BS in EECS 3.85 GPA, MS EECS 4.0, STEM bro designing circuits in FINFET
u:? |
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Date: October 23rd, 2020 3:33 PM Author: angry heady clown Me: not an autistic faggot (http://www.autoadmit.com/thread.php?thread_id=4659334&forum_id=2#41173839) |
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Date: October 23rd, 2020 3:35 PM Author: Disturbing garrison oh wow we have a real life chill well adjusted CHAD here deigning to waste time with us autists
get over yourself. u are a mentally ill autist like all of us who megapoast here. and since u support libs probably a soy boy cuck on top of that
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Date: October 23rd, 2020 5:33 AM Author: Cruel-hearted magenta station 🤔 (http://www.autoadmit.com/thread.php?thread_id=4659334&forum_id=2#41170943) |
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Date: October 23rd, 2020 3:34 PM Author: purple university double fault Just think of how bad texas will feel after the end of Biden's second term. (http://www.autoadmit.com/thread.php?thread_id=4659334&forum_id=2#41173846) |
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Date: November 4th, 2026 11:31 AM Author: ,.,.,.,.,,.,..,:,,:,,.,:,.,,.,:.,,.:.,:.,:.::,. lol fag (http://www.autoadmit.com/thread.php?thread_id=4659334&forum_id=2#50230958) |
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Date: November 4th, 2026 11:53 AM Author: Idris "Thoughts & Tariffs" Elba (http://www.autoadmit.com/thread.php?thread_id=4659334&forum_id=2#50231068) |