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re: 70% of Americans are in favor of increasing US Oil & Gas Production
Posted on 3/7/22 at 1:10 pm to WeeWee
Posted on 3/7/22 at 1:10 pm to WeeWee
quote:
Sooner or later the Biden administration has to see the light right?
They are so hard core embedded with the environmental left that they can't change direction.
1
Posted on 3/7/22 at 1:38 pm to WeeWee
quote:
70% of Americans are in favor of increasing US Oil & Gas Production
I worked a career in the oil business. We can increase our production for a time but the die is cast in that diminishing resource. We have to find other sources of energy namely nuclear. We have to build quantities of modern nuclear plants in our country and they need to do the same in Europe. The fools who preach renewables, solar & wind live in places heated by natural gas. But we have to go all in on nuclear power.
Posted on 3/7/22 at 1:54 pm to TrueTiger
quote:The rig count is stalled at about 2/3 of it's pre-pandemic levels. You have industry people on these boards telling you that the skilled labor to put more rigs into circulation safely is simply not present right now. What, exactly, are you suggesting that Biden do to change those facts?
They are so hard core embedded with the environmental left that they can't change direction.
Posted on 3/7/22 at 2:06 pm to WeeWee
quote:
Sooner or later the Biden administration has to see the light right?
Those clowns won’t even mention Tesla, the largest mfg of EV’s, when talking about EV’s. And it’s just because Tesla is not unionized and Musk doesn’t tow the line. I have no faith in these people.
Posted on 3/7/22 at 2:14 pm to Big Scrub TX
quote:
Now that that's out of the way, please tell us your plan to force the oil industry to greatly increase the rig count and also spend money that they don't have in order to do it.
Grant drilling leases and permits
Relax unnecessary burdensome regulations
Resume pipeline construction
Encourage investment and lending
Posted on 3/7/22 at 2:16 pm to Big Scrub TX
quote:
You have industry people on these boards telling you that the skilled labor to put more rigs into circulation safely is simply not present right now. What, exactly, are you suggesting that Biden do to change those facts?
Something that would help all industries would be to cut back on all the welfare and entitlements that lead people to not need to work
Posted on 3/7/22 at 2:17 pm to WeeWee
Hell, Mr Buttplug said this morning, "if you are tired of high gas prices, just buy an electric car." Holy fricking shite, what a moron.
Posted on 3/7/22 at 2:21 pm to WeeWee
We just need a windmill in every backyard. And mounted to the hood of our trucks.
Posted on 3/7/22 at 2:21 pm to Houag80
Once gas get's to 5 bucks a gallon the percentage will grow even higher. These dummies in charge cannot see the freight train bearing down on them apparently.
Posted on 3/7/22 at 2:23 pm to deltaland
quote:On federal lands? OK, sure. Drop in the bucket.
Grant drilling leases and permits
quote:Such as?
Relax unnecessary burdensome regulations
quote:That would be great to complete the Keystone extension. It's also a drop in the bucket.
Resume pipeline construction
quote:How should the government go about "encouraging"? Next to real estate, energy is probably the most advantaged industry vis a vis the tax code. What would you do? Subsidize? Which companies?
Encourage investment and lending
Posted on 3/7/22 at 2:24 pm to deltaland
quote:Which just started? If oilfield baws don't want to work at these prices, they never will.
Something that would help all industries would be to cut back on all the welfare and entitlements that lead people to not need to work
Posted on 3/7/22 at 2:55 pm to deltaland
quote:
Grant drilling leases and permits
Federal data shows the Biden administration approved 3,557 permits for oil and gas drilling on public lands in its first year, far outpacing the Trump administration’s first-year total of 2,658.
Posted on 3/7/22 at 2:57 pm to TigerAxeOK
Honestly that is an underestimation of how many there are.
Posted on 3/7/22 at 3:44 pm to Big Scrub TX
quote:
What, exactly, are you suggesting that Biden do to change those facts?
Tax breaks for the o&g companies to drill more? Stop demonizing them? Stop the banks with their esg nonsense that is limiting the number of capital projects for openers.
Posted on 3/7/22 at 3:54 pm to Big Scrub TX
The problem is not with a shortage of labor on the drilling side, but on the completion side. When a well is ready to complete, the drilling rig is moved off and a completion rig is moved into place. The crews are different because they’re different skills required. Prior to the pandemic, drilling was already slowing due to dropping prices, particularly for natural gas. Rigs were already being stacked and a lot of wells were not completed. Most companies have completion rigs they prefer to use. Not all of these crews are equal. With the slowdown and the pandemic, a lot left the business to find something stable. This happens every time there is a drilling slowdown. Some will come back, some will not. You just can’t wave a wand and create these people with the required skills.
Posted on 3/7/22 at 5:37 pm to Big Scrub TX
quote:
Now that that's out of the way, please tell us your plan to force the oil industry to greatly increase the rig count and also spend money that they don't have in order to do it.
The rigs are there. They are just in storage yards instead of out drilling. Oil is currently $123/barrel on the Brent. At those prices the large companies and even smaller firms can get financing to do whatever they want. It's a matter of removing the red tape the Biden administration put back on the oil and natural gas companies in the past 13.5 months.
Posted on 3/7/22 at 6:02 pm to Big Scrub TX
quote:
Grant drilling leases and permits
On federal lands? OK, sure. Drop in the bucket.
Drop in the bucket? Federal lands account for almost 25% of US oil and gas production. How is increasing production from 25% of the available drilling areas a drop in the bucket? Especially since those areas are not exhausted.
quote:
Resume pipeline construction
That would be great to complete the Keystone extension. It's also a drop in the bucket.
A drop in the bucket? The USA imports 600,000 barrels of oil per day from Russia who is a global competitor and global pariah If the Keystone XL pipeline was completed it would allow the USA to import 800,000 barrels per day from North Dakota and Canada. It would allow the USA to not need Russian oil and put an additional 200,000 barrels of oil per day on the open market.
quote:
Relax unnecessary burdensome regulations
Such as?
quote:LINK
ConocoPhillips’s project in the National Petroleum Reserve-Alaska, which aims to produce 160,000 barrels of oil per day over 30 years. A federal judge last summer tossed the Trump environmental permit, and now Interior is revisiting the project.
Going through a whole new regulatory process is an unnecessary burden since its permit was blocked due to the federal government challenged it and got a liberal justice to pull its permit and now the company is going through the appeals process. Dropping the federal government's objection and/or reissuing the this project's environmental permit ASAP is just one example of something the administration could do.
quote:
How should the government go about "encouraging"? Next to real estate, energy is probably the most advantaged industry vis a vis the tax code. What would you do? Subsidize? Which companies?
Here is one example. Reinstate this Trump era banking rule which Biden nixxed last year.
Posted on 3/7/22 at 6:17 pm to WeeWee
quote:
At those prices the large companies and even smaller firms can get financing to do whatever they want.
Are you sure about that? With all of the esg nonsense going on with the banks, most are unwilling to finance “unclean” activities.
Posted on 3/7/22 at 7:07 pm to WeeWee
quote:Nope. 9%
Drop in the bucket? Federal lands account for almost 25% of US oil and gas production. How is increasing production from 25% of the available drilling areas a drop in the bucket? Especially since those areas are not exhausted.
LINK
quote:Nope. 200K
The USA imports 600,000 barrels of oil per day from Russia
quote:Keystone already exists and is already doing 6-700K per day. If the blocked addition could be completed, that could take it up to just over 800K. Nice to have, but, again - an additional 100K barrels is a drop in the bucket when compared to the 12 million+ daily US production.
If the Keystone XL pipeline was completed it would allow the USA to import 800,000 barrels per day from North Dakota and Canada
quote:Sure. Still not that much oil.
Going through a whole new regulatory process is an unnecessary burden since its permit was blocked due to the federal government challenged it and got a liberal justice to pull its permit and now the company is going through the appeals process. Dropping the federal government's objection and/or reissuing the this project's environmental permit ASAP is just one example of something the administration could do.
Link
quote:Trump era - as in the last 2 days of his administration.
Here is one example. Reinstate this Trump era banking rule which Biden nixxed last year.
Sure, if we're OK telling banks who they can and can't lend to, I'm all for it.
Posted on 3/7/22 at 8:02 pm to thingshavechanged
quote:
Federal data shows the Biden administration approved 3,557 permits for oil and gas drilling on public lands in its first year, far outpacing the Trump administration’s first-year total of 2,658.
You realize almost all of those leases are worthless. Thats why they were approved. We need new ones. If Biden was pro oil why not approve new leases and finish the pipeline?
There's a reason we were energy independent during Trumps presidency and we're not now? Biden wants high oil so we'll move faster towards EVs. Anything else is a just a lie.
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