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The Water Cooler
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Energy prices in America are going to get much worse than we’ve ever imagined
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<blockquote data-quote="HoLeChit" data-source="post: 4114303" data-attributes="member: 35036"><p>This helps put things into perspective. </p><p>[URL unfurl="true"]https://www.bbc.com/news/world-us-canada-57322511[/URL]</p><p></p><p>Also, in 2019, the north slope was producing approximately 500,000 barrels per day. Most of which was refined and used in Alaska. So it would have little to no effect on continental US prices, reserves, or life. A very small portion gets sent to the “mainland”. </p><p></p><p>In comparison, the Permian Basin was producing 4,000,000 barrels per day, with much lower costs. Also, I at least know that between 2017-2019 we were fracking a lot more wells down there than we needed. So there’s a lot of wells that were drilled and fracked, then capped, waiting to be uncapped, cleaned out, and put into production.</p></blockquote><p></p>
[QUOTE="HoLeChit, post: 4114303, member: 35036"] This helps put things into perspective. [URL unfurl="true"]https://www.bbc.com/news/world-us-canada-57322511[/URL] Also, in 2019, the north slope was producing approximately 500,000 barrels per day. Most of which was refined and used in Alaska. So it would have little to no effect on continental US prices, reserves, or life. A very small portion gets sent to the “mainland”. In comparison, the Permian Basin was producing 4,000,000 barrels per day, with much lower costs. Also, I at least know that between 2017-2019 we were fracking a lot more wells down there than we needed. So there’s a lot of wells that were drilled and fracked, then capped, waiting to be uncapped, cleaned out, and put into production. [/QUOTE]
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