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re: ‘Drill, Baby, Drill!' Will Secure American Prosperity For The Twenty First Century

Posted on 3/12/24 at 1:24 pm to
Posted by loogaroo
Welsh
Member since Dec 2005
30818 posts
Posted on 3/12/24 at 1:24 pm to
quote:

European and major companies are telling the US not to give Venture Global an extension on its Calcasieu Pass


That’s fricking bullshite!! Biden sure obliged to the request in the name of climate change.
Posted by CitizenK
BR
Member since Aug 2019
9524 posts
Posted on 3/12/24 at 1:31 pm to
We do have a supply of top tier offshore on The Shelf off Florida but it's off limits because of Florida.

Interesting that there is a very recent oil spill off of Huntington Beach, CA, but found to be from natural seepage.

Any tar balls on Gulf Coast beaches, including Florida have always been from natural seepages, which declined a lot the last half of the 20th century due Shelf production removed formation pressure causing those anywhere near shore to stop
Posted by ragincajun03
Member since Nov 2007
21321 posts
Posted on 3/12/24 at 1:34 pm to
quote:

That’s fricking bullshite!!


Shell, BP and some others are going after Venture Global over contract disputes. While that might not be the sole reason for the current permit being withheld, it certainly has given the Administration’s bureaucrats extra ammo to withhold approval. Shell and others have specifically asked FERC to deny the request for a one year extension.
Posted by loogaroo
Welsh
Member since Dec 2005
30818 posts
Posted on 3/12/24 at 1:45 pm to
How’s Chener and Driftwood doing?
Posted by cwill
Member since Jan 2005
54753 posts
Posted on 3/12/24 at 2:33 pm to
quote:

quote:Aren’t oil companies drilling at record levels now? Cults don’t tend to acknowledge uncomfortable facts.


Mostly tCult won’t acknowledge current US oil prod or the basic economics of upstream.

And that’s not to say Biden is a friend or champion of O&G, but the idea that the industry is holding back and can’t wait to drill into low prices is ridiculous…they’re just about doing it unintentionally again and are only being saved by OPEC+ prod cuts.
Posted by Leto II
Arrakis
Member since Dec 2018
21381 posts
Posted on 3/12/24 at 2:34 pm to
quote:

Aren’t oil companies drilling at record levels now?


Yep.
Posted by CitizenK
BR
Member since Aug 2019
9524 posts
Posted on 3/12/24 at 3:20 pm to
quote:

That’s fricking bullshite!! Biden sure obliged to the request in the name of climate change.


There are 6 being built and 15 others already permitted but construction hasn't really begun.

The permits are the ability to ship to nations where we don't have an active trade treaty. Which is at a minimum almost all of Europe. The first one (Cheniere at Sabine Pass) had to have signed letter of intent overseas in order to even apply for its permit.

It has nothing to do with environmental issues. CP2 has already passed that test. Don't pay attention to the news media who are almost all clueless, regardless of political ideology, or politicians for that matter.
Posted by loogaroo
Welsh
Member since Dec 2005
30818 posts
Posted on 3/12/24 at 3:26 pm to
quote:

It has nothing to do with environmental issues.


I understand that, but the excuse will be used for political reasons nonetheless.
Posted by CitizenK
BR
Member since Aug 2019
9524 posts
Posted on 3/12/24 at 4:42 pm to
quote:

I understand that, but the excuse will be used for political reasons nonetheless.


They haven't been able to commission the first one and begging for an extension. You do understand that. This would be the second plant adjacent to the not yet commissioned first plant, but with loading at Monkey Island.

Venture Global already had another permitted plant under construction on the Mississippi River and still another awaiting permitting, letters of intent, funding, etc...
Posted by Flats
Member since Jul 2019
21820 posts
Posted on 3/12/24 at 5:04 pm to
quote:

Any tar balls on Gulf Coast beaches, including Florida have always been from natural seepages


Eh, there were some in the Panhandle after Deepwater. I'd never seen them before in NW Florida, natural seepage or not, only on the Atlantic beaches.
Posted by CitizenK
BR
Member since Aug 2019
9524 posts
Posted on 3/12/24 at 5:23 pm to
Mississippi's beaches were black with tar when discovered by the first white men.
Posted by Thecoz
Member since Dec 2018
2547 posts
Posted on 3/12/24 at 5:29 pm to
Saw them the size of a jeep on the beaches in south padre in the 70s after that Mexico well disaster..

I can understand floridas concern… those beaches are important natural resources for them.
Posted by CitizenK
BR
Member since Aug 2019
9524 posts
Posted on 3/12/24 at 5:30 pm to
quote:

I can understand floridas concern… those beaches are important natural resources for them.


Would increase the fish population exponentially
Posted by Auburn1968
NYC
Member since Mar 2019
19585 posts
Posted on 3/12/24 at 5:31 pm to
quote:

Why didn't Trump even mention the brand new refinery built in Galveston and completed in 2020?

The 7 permits I mentioned earlier were obtained after Trump was out and Biden sworn in.


And how long did that permitting process take?
Posted by Motownsix
Boise
Member since Oct 2022
1982 posts
Posted on 3/12/24 at 5:35 pm to
quote:

Global covid lockdowns, especially in China, caused demand to go down and a number of refineries to shutdown forever, here in the USA.


Now explain the other three years where 600+ US energy companies went bankrupt.

Haynes and Boone Report
Posted by CitizenK
BR
Member since Aug 2019
9524 posts
Posted on 3/12/24 at 5:45 pm to
quote:

And how long did that permitting process take?


I don't know but applied for after Biden was in office and approved by 2022.
Posted by CitizenK
BR
Member since Aug 2019
9524 posts
Posted on 3/12/24 at 5:48 pm to
Anyone can build a refinery around 10,000 BPD or lower without EPA permitting.
Posted by Tarps99
Lafourche Parish
Member since Apr 2017
7493 posts
Posted on 3/12/24 at 6:07 pm to
quote:

Aren’t oil companies drilling at record levels now?


But they could be drilling for so much more in places like offshore, but regulations and the risk of Saudi Arabia dumping their cheap oil in the market scares some producers from drilling more because the cost to extract would be more than the spot price.
Posted by CitizenK
BR
Member since Aug 2019
9524 posts
Posted on 3/12/24 at 6:09 pm to
quote:

But they could be drilling for so much more in places like offshore, but regulations and the risk of Saudi Arabia dumping their cheap oil in the market scares some producers from drilling more because the cost to extract would be more than the spot price.


It would be exported because we don't have the types of crude we get from Canada and Mexico, heavy crude.
Posted by ragincajun03
Member since Nov 2007
21321 posts
Posted on 3/12/24 at 7:00 pm to
quote:

I can understand floridas concern… those beaches are important natural resources for them.


Fine.

But if you're going to campaign on "unleashing America's reserves", then the coast of Florida has to be part of that equation. Sorry.
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