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What's to stop, say Texas, from pumping more oil?
Posted on 3/9/22 at 9:39 pm
Posted on 3/9/22 at 9:39 pm
In spite of the feds, say Texas says "frick you" and pumps the oil anyway. We saw enough states say FU to the feds over various covid measures. Why is this any different? Texas could make bank.
This post was edited on 3/9/22 at 9:40 pm
19
Posted on 3/9/22 at 9:41 pm to Landmass
I dont think Texas is an oil company
Posted on 3/9/22 at 9:41 pm to Landmass
quote:
spite of the feds, say Texas says "frick you" and pumps the oil anyway. We saw enough states say FU to the feds over various covid measures. Why is this any different? Texas could make bank.
I'm not aware of anything stopping companies in Texas from drilling more.
This post was edited on 3/9/22 at 9:42 pm
Posted on 3/9/22 at 9:43 pm to Bayoutigre
quote:
dont think Texas is an oil company
I get that but Texas companies could make some serious bank. The state could simply have their back against federal intrusion.
Posted on 3/9/22 at 9:44 pm to BarleyPop
quote:
Employees and material.
And access to capital to develop.
Posted on 3/9/22 at 9:54 pm to Landmass
Nothing. In fact they are doing it. OIl production in the US is increasing.
Posted on 3/9/22 at 9:57 pm to Landmass
The workforce
Posted on 3/9/22 at 9:57 pm to Landmass
EPA doing a Japanese inspection of every rig in the state if they think the state isn’t being sufficiently compliant with EPA dictates?
Posted on 3/9/22 at 10:05 pm to Landmass
No new pipelines. You cannot get permitted from FERC which regulate pipelines in the US. They just slow walk them.
No pipeline to sell any oil or gas to market then you don't spend the money to explore or produce. Also the banks know this so they will not loan the money.
Refineries need federal emissions permission to expand. Slow walked also. Plus why spend the money when the DC Thugs are are trying to shite down the O&G industry.
They had panned to do a Day 1 shut down of the oil and gas industry when they took over with no fricking plan on what happems tomorrow.
Just a typical radical Democratic plan.
No pipeline to sell any oil or gas to market then you don't spend the money to explore or produce. Also the banks know this so they will not loan the money.
Refineries need federal emissions permission to expand. Slow walked also. Plus why spend the money when the DC Thugs are are trying to shite down the O&G industry.
They had panned to do a Day 1 shut down of the oil and gas industry when they took over with no fricking plan on what happems tomorrow.
Just a typical radical Democratic plan.
Posted on 3/9/22 at 10:07 pm to Landmass
You don’t think those drilling companies have bank accounts? The feds would just seize all their money and bankrupt them.
Posted on 3/9/22 at 10:08 pm to Swazla
quote:
No new pipelines. You cannot get permitted from FERC which regulate pipelines in the US. They just slow walk them.
No pipeline to sell any oil or gas to market then you don't spend the money to explore or produce. Also the banks know this so they will not loan the money.
Refineries need federal emissions permission to expand. Slow walked also. Plus why spend the money when the DC Thugs are are trying to shite down the O&G industry.
They had panned to do a Day 1 shut down of the oil and gas industry when they took over with no fricking plan on what happems tomorrow.
Just a typical radical Democratic plan.
So we can't build new but what happened to existing stuff? Is that all running at capacity?
Posted on 3/9/22 at 10:11 pm to Swazla
quote:wasnt keystone xl suppose to bring oil to the us?
No pipeline to sell any oil or gas to market
Posted on 3/9/22 at 10:17 pm to oklahogjr
quote:
So we can't build new but what happened to existing stuff? Is that all running at capacity?
Nope. Remember the last two years? The oil industry wasn’t immune to all of the loss of jobs, companies closing, etc. The big companies are still pulling crude but most of the smaller operations that go into motion once that crude comes out of the ground took massive employee losses/shutdowns.
You can’t just turn crude into gasoline for cars at the drop of the hat. 100% of the crude coming out of the earth doesn’t go into your car. It would take a few months but the US could absolutely be energy independent.
Posted on 3/9/22 at 10:22 pm to MightyYat
quote:
Nope. Remember the last two years? The oil industry wasn’t immune to all of the loss of jobs, companies closing, etc. The big companies are still pulling crude but most of the smaller operations that go into motion once that crude comes out of the ground took massive employee losses/shutdowns.
You can’t just turn crude into gasoline for cars at the drop of the hat. 100% of the crude coming out of the earth doesn’t go into your car. It would take a few months but the US could absolutely be energy independent.
This is my understanding as well. Last time we decided we wanted to be it was pretty quick to be from what I remember.
Posted on 3/9/22 at 10:23 pm to oklahogjr
quote:
No new pipelines. You cannot get permitted from FERC which regulate pipelines in the US. They just slow walk them. No pipeline to sell any oil or gas to market then you don't spend the money to explore or produce. Also the banks know this so they will not loan the money. Refineries need federal emissions permission to expand. Slow walked also. Plus why spend the money when the DC Thugs are are trying to shite down the O&G industry. They had panned to do a Day 1 shut down of the oil and gas industry when they took over with no fricking plan on what happems tomorrow. Just a typical radical Democratic plan.
FERC only regulates interstate pipelines. Midstream companies could build infrastructure to transport and process gas in TX that ends up in existing interstate pipelines.
Biden also can’t stop drilling on private lands. His ban is on federal lands and offshore. Which is very significant. I have to believe drilling on private land is ramping up. I just think it takes time to ramp up. And it’s still significantly less than it could be if Biden would remove the bans on federal land and offshore.
This post was edited on 3/10/22 at 12:00 am
Posted on 3/9/22 at 10:31 pm to LSUFAITHFUL
quote:
Biden also can’t stop drilling on private lands. His ban is on federal lands and offshore. Which is very significant. I have to believe drilling on private land is ramping up. I just think it takes time to ramp up. And it’s still significantly less than it could be if Biden would remove the bans on federal land and offshore.
I was unaware we banned drilling on federal lands and offshore. Can you send a link to some more details on the ban?
Posted on 3/9/22 at 11:03 pm to oklahogjr
quote:
So we can't build new but what happened to existing stuff? Is that all running at capacity?
Standard practice is to design for capacity plus 10-15%.
From an infrastructure perspective, it’s tight. Couple that with the discovery and build out of new wells, permitting associated with it, access to financed capital, labor shortages… the pain at the pump isn’t going anywhere.
The single worst thing Joe Biden has done is to make domestic energy production more difficult by prioritizing non O and G.
Posted on 3/9/22 at 11:26 pm to crewdepoo
quote:
wasnt keystone xl suppose to bring oil to the us?
yes, but not until 2030 when it is full operational
too bad the permits were delayed back in 2015, by the Obama/Biden administration if not it would be operational
Posted on 3/9/22 at 11:27 pm to Landmass
quote:
What's to stop, say Texas, from pumping more oil?
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