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re: Oil and gas folks please explain the whole oil /gas scarcity thing to me
Posted on 4/9/24 at 6:53 am to Oilfieldbiology
Posted on 4/9/24 at 6:53 am to Oilfieldbiology
quote:
Cough*California*Cough
In Federal Waters not so much on land.
1/3 of the Gulf of Mexico is off limits and has been for decades thanks to Florida.
1
Posted on 4/9/24 at 7:19 am to CitizenK
quote:
In Federal Waters not so much on land
Freeport McMoran had the go ahead to produce three huge untapped reserves just north of Point Conception in the late 2000's. Then Deep Water Horizon happened and the permits were pulled. Last I heard, Hidalgo, Hermosa and Harvest platforms were pulled and Gaviota OGP was mothballed. California was built on O&G. More oil in L.A. than most people realize. California will not allow new production anytime in the forseeable future.
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