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Posted on 3/9/22 at 11:30 pm to oklahogjr
quote:
I was unaware we banned drilling on federal lands and offshore. Can you send a link to some more details on the ban?
He banned it at the start of his administration. Was sued and told by the courts that his ban was improper.
So, in analyzing permit requests Biden’s EPA/Dept of interior was artificially inflating the “social cost” of the permit. Courts said he couldn’t do that. So they’ve stopped issuing permits again as of large February when this latest ruling was issued.
LINK
LINK
Another link for those that can’t read NYT.
LINK
This post was edited on 3/9/22 at 11:55 pm
Posted on 3/9/22 at 11:42 pm to Landmass
quote:What's to stop, say, you, from actually learning some facts instead of spouting utter nonsense?
What's to stop, say Texas, from pumping more oil?
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.
Posted on 3/9/22 at 11:44 pm to Swazla
quote:
No new pipelines. You cannot get permitted from FERC which regulate pipelines in the US. They just slow walk them.
I dont think you understand what he means with his frick off we are pumping oil question.
Posted on 3/9/22 at 11:48 pm to TSLG
quote:To be fair, the OP doesn't himself know what he means either.
I dont think you understand what he means with his frick off we are pumping oil question.
Posted on 3/10/22 at 12:07 am to Big Scrub TX
Drilling is about to really slow down here soon all over the USA. A few key products we need to drill we are about to have a massive shortage. Biggest one is Barite. It is what we use to weight up drilling fluids to keep well bore stability. Fairly tough to drill without it. It is actually required to have it on every location, enough to weight up the entire drilling fluid system 1 pound per gallon in case of a well control situation. The shortage is coming over the next 3-6 months. We started buying rail cars full of it in preparation last week and stock piling so at least we can stay afloat. It’s not good at all, you will all see soon.
Posted on 3/10/22 at 12:22 am to 197603apf
Where does the mud come from?
Posted on 3/10/22 at 1:18 am to AlwysATgr
If you are referring to the drilling fluids as mud then the mud can have a base fluid of water, diesel, or NaCl aka brine. Just depends on the formations being drilled through. Most operators like mine start with brine and run casing to +-6,000’. Then we drill with water to +-8800’ and run a casing liner. Then most operators switch over to a diesel based system and drill the 90 degree curve then a 2.5 mile production interval. I just designed a brine polymer system to drill the production lateral that has become very successful and saving us over $1.5 mil per 6 wells. Getting away from using diesel all together. Still need Barite in most circumstances but not as much. We are not going to increase our number of rigs and staying where we are at. They cannot trust the current administration.
Posted on 3/10/22 at 5:23 am to 197603apf
quote:they aren't alone
They cannot trust the current administration.
Posted on 3/10/22 at 5:29 am to oklahogjr
quote:
It would take a few months but the US could absolutely be energy independent.
quote:
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 3/10/22 at 6:34 am to Big Scrub TX
Most Texas oil is on private or state lands. There is nothing stopping that oil from flowing from a federal standpoint. Offshore the federal government decided that there would be no new leases issued but what was operational is still operational.
The problem is the amount of roughnecks available at this time.
The problem is the amount of roughnecks available at this time.
Posted on 3/10/22 at 7:19 am to KiwiHead
It's Appalling": In Hilarious Reversal, Biden Admin Now Slams Shale For Not Raising Output
quote:
It was just last June when we asked if "ESG will trigger energy hyperinflation", explaining that the progressives' ESG agenda, "is unwinding the shale oil revolution. As recent events at Exxon and Shell have shown, the pressure on oil companies to reduce oil and gas exploration and adapt their business models has increased significantly over the past few months" (incidentally the answer to our rhetorical question was "yes").
We added that "ESG is a negative supply shock that internalizes the climate cost of the production of goods and services. This negative supply shock will be inflationary until technological progress absorbs these costs. That could take years. Moreover in Europe, it could garner enough of political support to justify a more aggressive fiscal policy despite the constraints at the German or EU levels."
quote:
And while the White House, and especially the ultra-progressive wing of the US socialist party was delighted with the slow, steady destruction of the energy sector, whose profit contribution to the S&P had collapsed to the lowest on record...
quote:
So fast forward to today when ignoring over one year of catastrophic policies, the U.S. State Department’s senior energy security adviser Amos Hochstein - seeing the freefall in White House approval ratings - turned that tables hoping that most Americans are idiots instead of only half, and said that shale companies choosing not to reinvest massive profits into higher production growth at a time of war is "appalling."
Hammered by policies that discourage evil investments boosting "fossil fuel" output, and under pressure from activist investors to boost cash flows after a decade of weak returns, many publicly traded explorers are limiting production growth to no more than 5%. But that is suddenly at odds with the Biden administration’s efforts to curb soaring inflation and energy prices at home.
So after a year of trying to defang domestic energy companies, the White House - whose Fed Vice Chair candidate Sarah Bloom Raskin even went so far as suggesting to starve energy companies of capital - is now asking producers to raise oil supply to replace Russian crude flows after Biden banned oil imports from the country.
Posted on 3/10/22 at 7:25 am to Bayoutigre
quote:
I dont think Texas is an oil company
Posted on 3/10/22 at 7:27 am to UncleFestersLegs
quote:
Hilarious reversal
This has been dipshit Biden's recurrent political history, and it was never even a secret.
...but, hey-Twitter is a safe space now.
Posted on 3/10/22 at 7:28 am to Landmass
Federal regulatory scheme still has to be complied with in Texas.
Posted on 3/10/22 at 7:33 am to Landmass
quote:
I get that
Do you?
Posted on 3/10/22 at 8:06 am to oklahogjr
quote:
I'm not aware
You could have left it at that.
Posted on 3/10/22 at 8:17 am to TigerintheNO
quote:theybwere approved by trump right when he got in office. Only 8% was completed in 4 years
too bad the permits were delayed back in 2015, by the Obama/Biden administration if not it would be operational
Posted on 3/10/22 at 8:22 am to 197603apf
Had a client run diesel emulsion mud for months in a section we know has major loses. They were spending 400k on lost mud per well. They finally just went back to water for that section.
Posted on 3/10/22 at 8:24 am to Landmass
The problem is less "can we drill?" and more "how will every other international oil company and OPEC and Venezuela and Russia react if we do?"
People don't seem to realize that it doesn't take much price volatility to screw over a corporation or even a country and those entities don't sit there and take it.
People don't seem to realize that it doesn't take much price volatility to screw over a corporation or even a country and those entities don't sit there and take it.
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