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Posted on 1/21/21 at 4:38 pm to TigerstuckinMS
quote:
How long do federal leases last for? I honestly don't know. What about when the existing plays dry up?
10 years typically. Federal lands represent only 13% of acrage and not all of it is unconventional.
This post was edited on 1/21/21 at 4:43 pm
Posted on 1/21/21 at 4:40 pm to LoneStar23
This wouldn't be a terrible thing. In order to keep everyone happy, it should be around what? $2.60?
But ive heard someone say that gas would be over $5 the day after Joe Biden takes office.
As of 9 mins ago, the cheapest gas in Baton Rouge is at Costco for $1.85 a gallon.
But ive heard someone say that gas would be over $5 the day after Joe Biden takes office.
As of 9 mins ago, the cheapest gas in Baton Rouge is at Costco for $1.85 a gallon.
Posted on 1/21/21 at 4:41 pm to barry
That is a ton of production. It obviously has a huge impact on NM. Lol at calling that non-material.
This post was edited on 1/21/21 at 4:42 pm
Posted on 1/21/21 at 4:41 pm to LoneStar23
Anyone familiar with Rende's in Gonzalez? Is that a chain?
Posted on 1/21/21 at 4:43 pm to slackster
quote:
Despite the bitching, Obama presided over a very lucrative O&G time period. Not trying to give him credit or blame, but it’s one of the many examples of the facts being far different than the common political narrative.
He was also much tougher on immigration than Trump was, but you know.. Perception is reality.
Posted on 1/21/21 at 4:44 pm to OweO
The whole cage thing.
This post was edited on 1/21/21 at 4:45 pm
Posted on 1/21/21 at 4:44 pm to Lou Pai
quote:
That is a ton of production. It obviously has a huge impact on NM. Lol at calling that non-material.
It's on new leases dipshit, Biden won't even be president by the time it would affect anything.
Posted on 1/21/21 at 4:47 pm to OweO
quote:
He was also much tougher on immigration than Trump was, but you know.. Perception is reality
Yeah Obama was the president who put all
Those immigrant children in cages and separated them from their parents. He was a
Real tough guy.
Posted on 1/21/21 at 4:50 pm to slackster
quote:
Despite the bitching, Obama presided over a very lucrative O&G time period. Not trying to give him credit or blame, but it’s one of the many examples of the facts being far different than the common political narrative.
I know you aren't arguing otherwise but this is purely a function of circumstance. The shale industry basically was born during his presidency (not because of or in spite of him), and China GDP was still easily growing double digits, which made for a much more favorable backdrop.
The setup now is a bit different IMO and a little less complicated. Basically Biden, acting as the puppet he is, is shooting a small but significant part of the industry for no reason.
Posted on 1/21/21 at 4:54 pm to barry
Lol I'm well aware what it is. You realize that these companies rely on having an inventory runway several years out, right? It's going to be a problem for a lot of them, and it will lead to production declining, assuming no material change in the macro environment. You're also assuming Kamala doesn't get reelected in 2024. I know you're trying to rationalize your Biden vote, but know that you voted for radicals who hate America. 
Eta: also I'm not talking about current production,dipshit
Eta: also I'm not talking about current production,dipshit
This post was edited on 1/21/21 at 4:58 pm
Posted on 1/21/21 at 4:58 pm to Lou Pai
I watched Biden speak today for the first time since the debates. That man won't last 2 years.
Posted on 1/21/21 at 5:00 pm to slackster
quote:
That O&G is a global industry, largely indifferent to US political policy, and, if anything, recent history would suggest Dems = good times while Reps = lean times.
But
But
But
MUH LIBRULS!
Posted on 1/21/21 at 5:01 pm to Lou Pai
quote:
you voted for radicals who hate America
Yet you support the people who literally attacked American democracy.
Posted on 1/21/21 at 5:04 pm to LoneStar23
Image how much it will cost when it’s all gone!
Posted on 1/21/21 at 5:04 pm to Galactic Inquisitor
I didn't support wholesale mail-in voting.Posted on 1/21/21 at 5:05 pm to Lou Pai
quote:
I didn't support wholesale mail-in voting
Yeah, because the only way for your guy to win was by voter suppression. When that failed, you all threw a tantrum like children .
Posted on 1/21/21 at 5:06 pm to jchamil
quote:
Lucrative for those working in O&G or lucrative for the rest of us paying for gas at the pump?
If gas is .50 higher per gallon the average person will spend less than $400 extra dollars per year on gas. It’s not insignificant, but it’s not going to be a “lucrative” windfall for most if gas prices stay where they are. It’s much more psychological for some reason, likely because there are such wide fluctuations in price.
This post was edited on 1/21/21 at 5:07 pm
Posted on 1/21/21 at 5:06 pm to Galactic Inquisitor
quote:
voter suppression
Is this like the Zuckboxes every square meter in Philly but one per county in Central PA?
Posted on 1/21/21 at 5:08 pm to Lou Pai
quote:
Is this like the Zuckboxes every square meter in Philly but one per county in Central PA?
When all else fails, just make something up. Your guy got trounced. Deal with it, snowflake.
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