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re: US crude output to rise to record 12.76 million bpd in 2023
Posted on 8/11/23 at 11:05 am to supatigah
Posted on 8/11/23 at 11:05 am to supatigah
quote:
As with a lot of things the Biden WH does, they lied to their supporters while campaigning about what they were going to do versus what they are doing now while in office.
Democrats always lie about energy policy. They do it for the crazy green constituency.
quote:
ehhh I wouldnt go that far, the EOs were softened and not as bad as we thought they were going to be but there was a pause on new lease sales on Fed Lands in 2021. Now I agree the real world effectiveness of the EOs has not been too bad. But the tone they set in 2021 for the Energy Policy of the Biden Admin has taken some time to overcome.
The shale basins are basically unconstrained by Feds. NM permian has some constraints on the permitting side, but that's the state.
The coming constraint is going to be the loss of tier 1 and 2 inventory in the basins. Shale is going to roll over in maybe the next 5 years and then we will see oil prices begin to rise significantly.
2
Posted on 8/11/23 at 11:10 am to cwill
quote:
Democrats always lie about energy policy. They do it for the crazy green constituency.
of course they do
quote:
The shale basins are basically unconstrained by Feds. NM permian has some constraints on the permitting side, but that's the state.
The coming constraint is going to be the loss of tier 1 and 2 inventory in the basins. Shale is going to roll over in maybe the next 5 years and then we will see oil prices begin to rise significantly.
Deepwater GOM is popping again with these Oil Prices, even the shelf is relatively busy again
ebbs and flows
Posted on 8/11/23 at 11:13 am to cwill
quote:
Democrats always lie about energy policy. They do it for the crazy green constituency
The ridiculous statements they make about energy are impossible to ignore. It completely discredits them to everyone except for the bicycle only crowd. Oddly Biden hasn’t actually harmed the industry and Obama pretty much left the industry alone. He did nothing in 2015 when the attack on the industry began, but I really wish he would have.
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