ANWR

[Winco]

Just some information.
You decide what it says.
I'm sure many will read and have different interpretations.

Go.... ANWR lease sale fizzles for Trump administration, with revenue falling far short of hopes

 

[MisterBeale]

Just some information.
You decide what it says.
I'm sure many will read and have different interpretations.

Go.... ANWR lease sale fizzles for Trump administration, with revenue falling far short of hopes

Crude Oil Brent US Dollars per Barrel January 2021

In January of 2021, price of Brent crude was $54.77 per barrel, while the price was $49.99 dollars per barrel in December of 2020. Over last twelve months the price has fallen 13.95%.

countryeconomy.com

 

[Penelope]

WASHINGTON — President Donald Trump said Thursday that he had little interest in opening Alaska’s Arctic National Wildlife Refuge to oil drilling until a friend “who’s in that world and in that business” called and told him Republicans have been trying to do so for decades.
It was at that moment, it seems, that it became a competition.

“After that I said, ‘Oh, make sure that’s in the [tax] bill,’” Trump said during a speech at the GOP congressional retreat in West Virginia.
“I really didn’t care about it,” he added. “And then when I heard that everybody wanted it — for 40 years they’ve been trying to get it approved — I said, ‘Make sure you don’t lose ANWR.’”

Trump didn’t say who first urged him to push for opening the refuge’s 1.5 million-acre coastal plain, also known as the 1002 Area.

Trump: 'I Really Didn't Care' About Drilling Arctic Refuge Until A Friend Called

“After that I said, 'Oh, make sure that’s in the [tax] bill,'" he said.

www.huffpost.com

------------------------------------
since 1977, but the democrats stopped them, thank god. There is always a fight over it.

 

[Penelope]

The oil industry responded to the controversial and last-minute sale of oil leases in the Arctic National Wildlife Refuge with a collective ‘meh’ on Wednesday.

The federal government received bids on just 11 of the 22 leasing tracts on offer, and nine of those were purchased at the legal minimum price of per acre by an Alaska state-owned corporation with hopes to sublet the tracts to other oil companies in the future.
No major or even mid-size oil companies entered valid bids.
The ANWR lease sales are mandated as part of the GOP plan to pay for its 2017 tax cuts based on expectations that the sales and oil extraction would net the Treasury .8 billion over 10 years; Wednesday’s lease sale raised .4 million.

ANWR Oil Lease Sale Is a Fail for Trump Admin - EcoWatch

The oil industry responded to the controversial and last-minute sale of oil leases in the Arctic National Wildlife Refuge with a collective 'meh' on Wednesday.

www.ecowatch.com

those sneaky republicans.

 

[elektra]

We need to develop anwr. That is obvious. But democrats only want a high standard of living for themselves, the lawyer/politicians ruling class. Democrats want everyone else to live as peasants.

 

[struth]

The dems have done everything they can to ensure that we stay depended on the natural resources of other countries…like Putin’s russia
.

sad

and the polar bears continue to weep

 

[Votto]

The dems have done everything they can to ensure that we stay depended on the natural resources of other countries…like Putin’s russia
.

sad

and the polar bears continue to weep

To be fair, the democrats have a better chance of saving the polar bears than they do saving their own country.

 

[j-mac]

The dems have done everything they can to ensure that we stay depended on the natural resources of other countries…like Putin’s russia
.

sad

and the polar bears continue to weep

Polar bears don’t weep dolt, they, like other bears look for an opprotunity to rip your face off.

 

[Penelope]

To be fair, the democrats have a better chance of saving the polar bears than they do saving their own country.

It is a part of our country.

 

[Penelope]

Polar bears don’t weep dolt, they, like other bears look for an opprotunity to rip your face off.

Polar bears need land , the ice caps are melting.

 

[elektra]

Polar bears need land , the ice caps are melting.

Polar bears live far south of the ice cap, like Hudson bay.

 

[martybegan]

Polar bears need land , the ice caps are melting.

Ice Caps are unusable land, anyone who has played the Civilization series games knows that.

 

[Wyatt earp]

Just some information.
You decide what it says.
I'm sure many will read and have different interpretations.

Go.... ANWR lease sale fizzles for Trump administration, with revenue falling far short of hopes

What kind of a attention whore are you making a duplicate thread of the one you were in?

 

[j-mac]

Polar bears need land , the ice caps are melting.

They're just fine

 

[Winco]

ANWR.

trump opened it up....How much interest? Not much.
Why did those supporting ANWR not buy into the trump sale of leases?

Too expensive to drill and deliver.
Nothing POLITICAL, just economics.

So quit using ANWR as a biden failure.

 

[j-mac]

ANWR.

trump opened it up....How much interest? Not much.
Why did those supporting ANWR not buy into the trump sale of leases?

Too expensive to drill and deliver.
Nothing POLITICAL, just economics.

So quit using ANWR as a biden failure.

No, because he shut down production there. That’s a fact. Live with his failure…

BTW, paid $5.65 per gallon yesterday filling my tractor trailer…enjoy the higher prices when I deliver….idiots.

 

[para bellum]

The sale was a bust, but not because the oil is too expensive to get to. The oil companies didn't participate because ANWR has been made political. Banks don't want to lend for ANWR development. The price of oil had already collapsed in 2020. So they stayed away.

Shell lost about $5Bn in the Beufort Sea when Obama cancelled the lease. Most of the rigs were moved to the Gulf of Mexico back then.

There are lots of unproved reserves in the ANWR Coastal Plain, the Chuckchi and Beufort Seas that can't be touched. This is shallow oil, light sweet crude, great for diesel. It's economical to recover at $40/bbl.

The ANWR battle is about the Trans-Alaska Pipeline. It's designed to move 2 million barrels a day, and it's down to 400K. They have to heat sections of the pipeline now, just to keep it flowing. If you boost the flow rate, you don't have to heat it. If it goes much below 350K, they'll be forced to shut it down.

When that happens, the pipeline has to be removed. That will be the end of Arctic energy for the US. It will belong to Canada and Russia.

It isn't about polar bears or caribou either. They are flourishing. With horizontal drilling, a modern oil rig has a tiny footprint. Not much more than a little concrete pad and a feeder line.

 

[Bootney Lee Farnsworth]

View attachment 613943

The oil industry responded to the controversial and last-minute sale of oil leases in the Arctic National Wildlife Refuge with a collective ‘meh’ on Wednesday.

The federal government received bids on just 11 of the 22 leasing tracts on offer, and nine of those were purchased at the legal minimum price of per acre by an Alaska state-owned corporation with hopes to sublet the tracts to other oil companies in the future.
No major or even mid-size oil companies entered valid bids.
The ANWR lease sales are mandated as part of the GOP plan to pay for its 2017 tax cuts based on expectations that the sales and oil extraction would net the Treasury .8 billion over 10 years; Wednesday’s lease sale raised .4 million.

ANWR Oil Lease Sale Is a Fail for Trump Admin - EcoWatch

The oil industry responded to the controversial and last-minute sale of oil leases in the Arctic National Wildlife Refuge with a collective 'meh' on Wednesday.

www.ecowatch.com

those sneaky republicans.

Don't pretend like you give a fuck about anything but introducing your socialist bullshit.

Anyone promoting electric vehicles in the current state of things should be executed. That is absolutely not the answer at all, it does nothing more than strangle mobility and freedom.

It will have absolutely zero effect on carbon footprint and could be even worse.

Those pushing it are doing so ONLY to limit our freedom.

They should be executed.

 

[j-mac]

The sale was a bust, but not because the oil is too expensive to get to. The oil companies didn't participate because ANWR has been made political. Banks don't want to lend for ANWR development. The price of oil had already collapsed in 2020. So they stayed away.

Shell lost about $5Bn in the Beufort Sea when Obama cancelled the lease. Most of the rigs were moved to the Gulf of Mexico back then.

There are lots of unproved reserves in the ANWR Coastal Plain, the Chuckchi and Beufort Seas that can't be touched. This is shallow oil, light sweet crude, great for diesel. It's economical to recover at $40/bbl.

The ANWR battle is about the Trans-Alaska Pipeline. It's designed to move 2 million barrels a day, and it's down to 400K. They have to heat sections of the pipeline now, just to keep it flowing. If you boost the flow rate, you don't have to heat it. If it goes much below 350K, they'll be forced to shut it down.

When that happens, the pipeline has to be removed. That will be the end of Arctic energy for the US. It will belong to Canada and Russia.

It isn't about polar bears or caribou either. They are flourishing. With horizontal drilling, a modern oil rig has a tiny footprint. Not much more than a little concrete pad and a feeder line.

Great explanation…