Biden imposes a 60 day ban on drilling permits on federal lands and waters

[ding]

Too bad it's just a political grandstanding ploy to satiate his constituents. The finding will be that a permanent ban on drilling would require congressional approval and keeping the companies that hold the leases whole. So it really won't accomplish anything more than pulling the wool over the eyes of his constituents. Too bad for the American families that will be negatively affected by this action.

Biden administration pauses federal drilling program in climate push

U.S. President Joe Biden's administration has temporarily suspended oil and gas permitting on federal lands and waters in the latest of a series of rapid-fire orders aimed at fighting climate change and tamping down the U.S. fossil fuel industry.

www.reuters.com

What families, this ban is on issuing anymore permits those already issued can still be used..

Families of service companies mainly. They don't have deep pockets. They will furlough their employees. It's already happened before back in 2010.

But there will be a trickle down affect on all businesses in the region.

If you have ever worked in the petroleum industry you know it is a feast or famine type of operation it depends on the price of crude. Right now there is an oil glut and that will lay folks off also, not a lack of more permits for exploration.

Dec 21, 2018,08:52am EST
America's Oil And Gas Reserves Double With Massive New Permian Discovery

America's Oil And Gas Reserves Double With Massive New Permian Discovery

The United States Geological Survey just identified the world's largest unconventional oil and gas potential buried within the Permian basin, containing over 46 billion barrels of oil and 280 trillion cubic feet of natural gas.

www.forbes.com

I worked 36 years in the oil and gas industry. I have forgotten more about the oil and gas industry than you ever knew.

 

[Meister]

When the greenies get their wish, our energy independence will be but a memory. And it will be coming.

 

[ding]

Too bad it's just a political grandstanding ploy to satiate his constituents. The finding will be that a permanent ban on drilling would require congressional approval and keeping the companies that hold the leases whole. So it really won't accomplish anything more than pulling the wool over the eyes of his constituents. Too bad for the American families that will be negatively affected by this action.

Biden administration pauses federal drilling program in climate push

U.S. President Joe Biden's administration has temporarily suspended oil and gas permitting on federal lands and waters in the latest of a series of rapid-fire orders aimed at fighting climate change and tamping down the U.S. fossil fuel industry.

www.reuters.com

So, you are going back to getting your oil from Saudi Arabia, Russia and other enemies of America?

Why would we? We have a surplus, without having to do any of that drilling, and other forms of energy right now are more economical.

LOL...we have a surplus now.

I don't think this will be enough to affect oil prices but it darn sure has hurt stock prices.

 

[HenryBHough]

I don't think Xiden is being taken seriously.

Here Gasoline prices only went up by 2% today. Lowest jump in a week.

Quick profit suggestion:

Convert American Dollars to Yuan and invest in Iranian oil tankers.
There is NO law limiting selling America short solely to George Soros.

But this is a new congress so one ought not dilly-dally........

 

[Moonglow]

Too bad it's just a political grandstanding ploy to satiate his constituents. The finding will be that a permanent ban on drilling would require congressional approval and keeping the companies that hold the leases whole. So it really won't accomplish anything more than pulling the wool over the eyes of his constituents. Too bad for the American families that will be negatively affected by this action.

Biden administration pauses federal drilling program in climate push

U.S. President Joe Biden's administration has temporarily suspended oil and gas permitting on federal lands and waters in the latest of a series of rapid-fire orders aimed at fighting climate change and tamping down the U.S. fossil fuel industry.

www.reuters.com

What families, this ban is on issuing anymore permits those already issued can still be used..

Sure. So the big shale oil producers have a backlog of permits. The small companies don't. And deepwater doesn't work that way. So the Gulf Coast and small shale oil producers will be disproportionately affected all so that he can say he met his campaign promise that he knew he could not actually accomplish. It's pretty fucked up.

What they have while the price is low is capped wells that are no producing until the price increases. Those that frack managed to obtain energy independence without the use of public land permits.

You are talking about shale oil. Not deepwater. They are two totally different beasts.

The only difference in oil is it's purity that determines prices. it doesn't matter if you get it by drilling on dry land or the ocean, we still have more than we can sell.

 

[Moonglow]

I don't think Xiden is being taken seriously.

Here Gasoline prices only went up by 2% today. Lowest jump in a week.

that was done on production cuts by the Saudis.

 

[HereWeGoAgain]

Too bad it's just a political grandstanding ploy to satiate his constituents. The finding will be that a permanent ban on drilling would require congressional approval and keeping the companies that hold the leases whole. So it really won't accomplish anything more than pulling the wool over the eyes of his constituents. Too bad for the American families that will be negatively affected by this action.

Biden administration pauses federal drilling program in climate push

U.S. President Joe Biden's administration has temporarily suspended oil and gas permitting on federal lands and waters in the latest of a series of rapid-fire orders aimed at fighting climate change and tamping down the U.S. fossil fuel industry.

www.reuters.com

So, you are going back to getting your oil from Saudi Arabia, Russia and other enemies of America?

Why would we? We have a surplus, without having to do any of that drilling, and other forms of energy right now are more economical.

Sleepy Joe has also cut down on some of America's sources of oil, in the ANWR, the Keystone Pipeline, fracking on federal lands, etc. Sure, we may have a surplus now, but that's no guarantee. Further, surpluses can be sold abroad to both our friends and foes, undercutting the market for Iran and Venezuela and other suspect terror states.

There's been little interest in ANWR in the current energy economy. Why should we sell surpluses? Makes more sense to keep it underground until and IF we ever need it. Given the expansion of other energy sources that are less costly, we may never need to drill there, so why rush it ruin a pristine wilderness?

Rolling back ANWR is no big deal. Putting Americans out of work along the Gulf coast to solve a problem that doesn't exist and wouldn't solve it if it did exist is. Especially since this is just being done for optics.

Thats dems trying to destroy the economy in Texas and other southern states.

 

[Moonglow]

Too bad it's just a political grandstanding ploy to satiate his constituents. The finding will be that a permanent ban on drilling would require congressional approval and keeping the companies that hold the leases whole. So it really won't accomplish anything more than pulling the wool over the eyes of his constituents. Too bad for the American families that will be negatively affected by this action.

Biden administration pauses federal drilling program in climate push

U.S. President Joe Biden's administration has temporarily suspended oil and gas permitting on federal lands and waters in the latest of a series of rapid-fire orders aimed at fighting climate change and tamping down the U.S. fossil fuel industry.

www.reuters.com

What families, this ban is on issuing anymore permits those already issued can still be used..

Families of service companies mainly. They don't have deep pockets. They will furlough their employees. It's already happened before back in 2010.

But there will be a trickle down affect on all businesses in the region.

If you have ever worked in the petroleum industry you know it is a feast or famine type of operation it depends on the price of crude. Right now there is an oil glut and that will lay folks off also, not a lack of more permits for exploration.

Dec 21, 2018,08:52am EST
America's Oil And Gas Reserves Double With Massive New Permian Discovery

America's Oil And Gas Reserves Double With Massive New Permian Discovery

The United States Geological Survey just identified the world's largest unconventional oil and gas potential buried within the Permian basin, containing over 46 billion barrels of oil and 280 trillion cubic feet of natural gas.

www.forbes.com

I worked 36 years in the oil and gas industry. I have forgotten more about the oil and gas industry than you ever knew.

If you ever become a vice president of a casing comapny let me know then you might. For my oil royalties I like a higher price for crude.

 

[Toro]

WTI will eventually blow throw its all-time high of $147.

 

[Moonglow]

Too bad it's just a political grandstanding ploy to satiate his constituents. The finding will be that a permanent ban on drilling would require congressional approval and keeping the companies that hold the leases whole. So it really won't accomplish anything more than pulling the wool over the eyes of his constituents. Too bad for the American families that will be negatively affected by this action.

Biden administration pauses federal drilling program in climate push

U.S. President Joe Biden's administration has temporarily suspended oil and gas permitting on federal lands and waters in the latest of a series of rapid-fire orders aimed at fighting climate change and tamping down the U.S. fossil fuel industry.

www.reuters.com

So, you are going back to getting your oil from Saudi Arabia, Russia and other enemies of America?

Why would we? We have a surplus, without having to do any of that drilling, and other forms of energy right now are more economical.

Sleepy Joe has also cut down on some of America's sources of oil, in the ANWR, the Keystone Pipeline, fracking on federal lands, etc. Sure, we may have a surplus now, but that's no guarantee. Further, surpluses can be sold abroad to both our friends and foes, undercutting the market for Iran and Venezuela and other suspect terror states.

There's been little interest in ANWR in the current energy economy. Why should we sell surpluses? Makes more sense to keep it underground until and IF we ever need it. Given the expansion of other energy sources that are less costly, we may never need to drill there, so why rush it ruin a pristine wilderness?

Rolling back ANWR is no big deal. Putting Americans out of work along the Gulf coast to solve a problem that doesn't exist and wouldn't solve it if it did exist is. Especially since this is just being done for optics.

Thats dems trying to destroy the economy in Texas and other southern states.

How, they have the Permian basin to draw from?

 

[HereWeGoAgain]

I don't think Xiden is being taken seriously.

Here Gasoline prices only went up by 2% today. Lowest jump in a week.

In one day.

 

[HereWeGoAgain]

Too bad it's just a political grandstanding ploy to satiate his constituents. The finding will be that a permanent ban on drilling would require congressional approval and keeping the companies that hold the leases whole. So it really won't accomplish anything more than pulling the wool over the eyes of his constituents. Too bad for the American families that will be negatively affected by this action.

Biden administration pauses federal drilling program in climate push

U.S. President Joe Biden's administration has temporarily suspended oil and gas permitting on federal lands and waters in the latest of a series of rapid-fire orders aimed at fighting climate change and tamping down the U.S. fossil fuel industry.

www.reuters.com

So, you are going back to getting your oil from Saudi Arabia, Russia and other enemies of America?

Why would we? We have a surplus, without having to do any of that drilling, and other forms of energy right now are more economical.

Sleepy Joe has also cut down on some of America's sources of oil, in the ANWR, the Keystone Pipeline, fracking on federal lands, etc. Sure, we may have a surplus now, but that's no guarantee. Further, surpluses can be sold abroad to both our friends and foes, undercutting the market for Iran and Venezuela and other suspect terror states.

There's been little interest in ANWR in the current energy economy. Why should we sell surpluses? Makes more sense to keep it underground until and IF we ever need it. Given the expansion of other energy sources that are less costly, we may never need to drill there, so why rush it ruin a pristine wilderness?

Rolling back ANWR is no big deal. Putting Americans out of work along the Gulf coast to solve a problem that doesn't exist and wouldn't solve it if it did exist is. Especially since this is just being done for optics.

Thats dems trying to destroy the economy in Texas and other southern states.

How they have the Permian basin to draw from.

For how long?

 

[ding]

Too bad it's just a political grandstanding ploy to satiate his constituents. The finding will be that a permanent ban on drilling would require congressional approval and keeping the companies that hold the leases whole. So it really won't accomplish anything more than pulling the wool over the eyes of his constituents. Too bad for the American families that will be negatively affected by this action.

Biden administration pauses federal drilling program in climate push

U.S. President Joe Biden's administration has temporarily suspended oil and gas permitting on federal lands and waters in the latest of a series of rapid-fire orders aimed at fighting climate change and tamping down the U.S. fossil fuel industry.

www.reuters.com

What families, this ban is on issuing anymore permits those already issued can still be used..

Sure. So the big shale oil producers have a backlog of permits. The small companies don't. And deepwater doesn't work that way. So the Gulf Coast and small shale oil producers will be disproportionately affected all so that he can say he met his campaign promise that he knew he could not actually accomplish. It's pretty fucked up.

What they have while the price is low is capped wells that are no producing until the price increases. Those that frack managed to obtain energy independence without the use of public land permits.

You are talking about shale oil. Not deepwater. They are two totally different beasts.

The only difference in oil is it's purity that determines prices. it doesn't matter if you get it by drilling on dry land or the ocean, we still have more than we can sell.

Tell that to the workers who will be laid off because of it. I'm sure it will be comforting to them. Especially since this was done for political optics. Ask yourself why he didn't make it a permanent ban instead of a 60 day pause.

And no purity is not the only thing that determines the net sales price. There's also transportation costs as the cost to bring product to the market is not the same for all locations.

 

[Moonglow]

Too bad it's just a political grandstanding ploy to satiate his constituents. The finding will be that a permanent ban on drilling would require congressional approval and keeping the companies that hold the leases whole. So it really won't accomplish anything more than pulling the wool over the eyes of his constituents. Too bad for the American families that will be negatively affected by this action.

Biden administration pauses federal drilling program in climate push

U.S. President Joe Biden's administration has temporarily suspended oil and gas permitting on federal lands and waters in the latest of a series of rapid-fire orders aimed at fighting climate change and tamping down the U.S. fossil fuel industry.

www.reuters.com

What families, this ban is on issuing anymore permits those already issued can still be used..

Sure. So the big shale oil producers have a backlog of permits. The small companies don't. And deepwater doesn't work that way. So the Gulf Coast and small shale oil producers will be disproportionately affected all so that he can say he met his campaign promise that he knew he could not actually accomplish. It's pretty fucked up.

What they have while the price is low is capped wells that are no producing until the price increases. Those that frack managed to obtain energy independence without the use of public land permits.

You are talking about shale oil. Not deepwater. They are two totally different beasts.

The only difference in oil is it's purity that determines prices. it doesn't matter if you get it by drilling on dry land or the ocean, we still have more than we can sell.

Tell that to the workers who will be laid off because of it. I'm sure it will be comforting to them. Especially since this was done for political optics. Ask yourself why he didn't make it a permanent ban instead of a 60 day pause.

And no purity is not the only thing that determines the net sales price. There's also transportation that gets thrown in their as the cost to bring product to the market is not the same for all locations.

They are already laid off due to the fall in the price from the pandemic...get a grip.

 

[percysunshine]

Too bad it's just a political grandstanding ploy to satiate his constituents. The finding will be that a permanent ban on drilling would require congressional approval and keeping the companies that hold the leases whole. So it really won't accomplish anything more than pulling the wool over the eyes of his constituents. Too bad for the American families that will be negatively affected by this action.

Biden administration pauses federal drilling program in climate push

U.S. President Joe Biden's administration has temporarily suspended oil and gas permitting on federal lands and waters in the latest of a series of rapid-fire orders aimed at fighting climate change and tamping down the U.S. fossil fuel industry.

www.reuters.com

What families, this ban is on issuing anymore permits those already issued can still be used..

Families of service companies mainly. They don't have deep pockets. They will furlough their employees. It's already happened before back in 2010.

But there will be a trickle down affect on all businesses in the region.

If you have ever worked in the petroleum industry you know it is a feast or famine type of operation it depends on the price of crude. Right now there is an oil glut and that will lay folks off also, not a lack of more permits for exploration.

Dec 21, 2018,08:52am EST
America's Oil And Gas Reserves Double With Massive New Permian Discovery

America's Oil And Gas Reserves Double With Massive New Permian Discovery

The United States Geological Survey just identified the world's largest unconventional oil and gas potential buried within the Permian basin, containing over 46 billion barrels of oil and 280 trillion cubic feet of natural gas.

www.forbes.com

I worked 36 years in the oil and gas industry. I have forgotten more about the oil and gas industry than you ever knew.

Moonglow has had excessive intestinal gas for 36 years...so there is some experience speaking.

 

[Moonglow]

Too bad it's just a political grandstanding ploy to satiate his constituents. The finding will be that a permanent ban on drilling would require congressional approval and keeping the companies that hold the leases whole. So it really won't accomplish anything more than pulling the wool over the eyes of his constituents. Too bad for the American families that will be negatively affected by this action.

Biden administration pauses federal drilling program in climate push

U.S. President Joe Biden's administration has temporarily suspended oil and gas permitting on federal lands and waters in the latest of a series of rapid-fire orders aimed at fighting climate change and tamping down the U.S. fossil fuel industry.

www.reuters.com

So, you are going back to getting your oil from Saudi Arabia, Russia and other enemies of America?

Why would we? We have a surplus, without having to do any of that drilling, and other forms of energy right now are more economical.

Sleepy Joe has also cut down on some of America's sources of oil, in the ANWR, the Keystone Pipeline, fracking on federal lands, etc. Sure, we may have a surplus now, but that's no guarantee. Further, surpluses can be sold abroad to both our friends and foes, undercutting the market for Iran and Venezuela and other suspect terror states.

There's been little interest in ANWR in the current energy economy. Why should we sell surpluses? Makes more sense to keep it underground until and IF we ever need it. Given the expansion of other energy sources that are less costly, we may never need to drill there, so why rush it ruin a pristine wilderness?

Rolling back ANWR is no big deal. Putting Americans out of work along the Gulf coast to solve a problem that doesn't exist and wouldn't solve it if it did exist is. Especially since this is just being done for optics.

Thats dems trying to destroy the economy in Texas and other southern states.

How they have the Permian basin to draw from.

For how long?

The USGS estimates that over 46 billion barrels of oil, 280 trillion cubic feet of gas, and 20 billion barrels of natural gas liquids are trapped in these low-permeability shale formations. To better understand just how staggering these numbers are, think about this: at the end of 2017, total U.S. proven reserves of crude oil hovered around 40 billion barrels. For natural gas, figures stood around 465 trillion cubic feet (tcf). The new upward revision of Permian resources represents a more than 100% and 65% increase in U.S. oil and gas reserves, respectively, if they can be extracted economically.

America's Oil And Gas Reserves Double With Massive New Permian Discovery

The United States Geological Survey just identified the world's largest unconventional oil and gas potential buried within the Permian basin, containing over 46 billion barrels of oil and 280 trillion cubic feet of natural gas.

www.forbes.com

 

[ding]

Too bad it's just a political grandstanding ploy to satiate his constituents. The finding will be that a permanent ban on drilling would require congressional approval and keeping the companies that hold the leases whole. So it really won't accomplish anything more than pulling the wool over the eyes of his constituents. Too bad for the American families that will be negatively affected by this action.

Biden administration pauses federal drilling program in climate push

U.S. President Joe Biden's administration has temporarily suspended oil and gas permitting on federal lands and waters in the latest of a series of rapid-fire orders aimed at fighting climate change and tamping down the U.S. fossil fuel industry.

www.reuters.com

What families, this ban is on issuing anymore permits those already issued can still be used..

Sure. So the big shale oil producers have a backlog of permits. The small companies don't. And deepwater doesn't work that way. So the Gulf Coast and small shale oil producers will be disproportionately affected all so that he can say he met his campaign promise that he knew he could not actually accomplish. It's pretty fucked up.

What they have while the price is low is capped wells that are no producing until the price increases. Those that frack managed to obtain energy independence without the use of public land permits.

You are talking about shale oil. Not deepwater. They are two totally different beasts.

The only difference in oil is it's purity that determines prices. it doesn't matter if you get it by drilling on dry land or the ocean, we still have more than we can sell.

Tell that to the workers who will be laid off because of it. I'm sure it will be comforting to them. Especially since this was done for political optics. Ask yourself why he didn't make it a permanent ban instead of a 60 day pause.

And no purity is not the only thing that determines the net sales price. There's also transportation that gets thrown in their as the cost to bring product to the market is not the same for all locations.

They are already laid off due to the fall in the price from the pandemic...get a grip.

This will be additive and not insignificant. Guaranteed. It will however be short lived. Because the only reason he did it was to pull the wool over dupes like you. Looks like it worked.

 

[percysunshine]

Too bad it's just a political grandstanding ploy to satiate his constituents. The finding will be that a permanent ban on drilling would require congressional approval and keeping the companies that hold the leases whole. So it really won't accomplish anything more than pulling the wool over the eyes of his constituents. Too bad for the American families that will be negatively affected by this action.

Biden administration pauses federal drilling program in climate push

U.S. President Joe Biden's administration has temporarily suspended oil and gas permitting on federal lands and waters in the latest of a series of rapid-fire orders aimed at fighting climate change and tamping down the U.S. fossil fuel industry.

www.reuters.com

So, you are going back to getting your oil from Saudi Arabia, Russia and other enemies of America?

Why would we? We have a surplus, without having to do any of that drilling, and other forms of energy right now are more economical.

Sleepy Joe has also cut down on some of America's sources of oil, in the ANWR, the Keystone Pipeline, fracking on federal lands, etc. Sure, we may have a surplus now, but that's no guarantee. Further, surpluses can be sold abroad to both our friends and foes, undercutting the market for Iran and Venezuela and other suspect terror states.

There's been little interest in ANWR in the current energy economy. Why should we sell surpluses? Makes more sense to keep it underground until and IF we ever need it. Given the expansion of other energy sources that are less costly, we may never need to drill there, so why rush it ruin a pristine wilderness?

Rolling back ANWR is no big deal. Putting Americans out of work along the Gulf coast to solve a problem that doesn't exist and wouldn't solve it if it did exist is. Especially since this is just being done for optics.

Thats dems trying to destroy the economy in Texas and other southern states.

How they have the Permian basin to draw from.

For how long?

The USGS estimates that over 46 billion barrels of oil, 280 trillion cubic feet of gas, and 20 billion barrels of natural gas liquids are trapped in these low-permeability shale formations. To better understand just how staggering these numbers are, think about this: at the end of 2017, total U.S. proven reserves of crude oil hovered around 40 billion barrels. For natural gas, figures stood around 465 trillion cubic feet (tcf). The new upward revision of Permian resources represents a more than 100% and 65% increase in U.S. oil and gas reserves, respectively, if they can be extracted economically.

America's Oil And Gas Reserves Double With Massive New Permian Discovery

The United States Geological Survey just identified the world's largest unconventional oil and gas potential buried within the Permian basin, containing over 46 billion barrels of oil and 280 trillion cubic feet of natural gas.

www.forbes.com

The USGS is like the post office.

 

[ding]

Too bad it's just a political grandstanding ploy to satiate his constituents. The finding will be that a permanent ban on drilling would require congressional approval and keeping the companies that hold the leases whole. So it really won't accomplish anything more than pulling the wool over the eyes of his constituents. Too bad for the American families that will be negatively affected by this action.

Biden administration pauses federal drilling program in climate push

U.S. President Joe Biden's administration has temporarily suspended oil and gas permitting on federal lands and waters in the latest of a series of rapid-fire orders aimed at fighting climate change and tamping down the U.S. fossil fuel industry.

www.reuters.com

So, you are going back to getting your oil from Saudi Arabia, Russia and other enemies of America?

Why would we? We have a surplus, without having to do any of that drilling, and other forms of energy right now are more economical.

Sleepy Joe has also cut down on some of America's sources of oil, in the ANWR, the Keystone Pipeline, fracking on federal lands, etc. Sure, we may have a surplus now, but that's no guarantee. Further, surpluses can be sold abroad to both our friends and foes, undercutting the market for Iran and Venezuela and other suspect terror states.

There's been little interest in ANWR in the current energy economy. Why should we sell surpluses? Makes more sense to keep it underground until and IF we ever need it. Given the expansion of other energy sources that are less costly, we may never need to drill there, so why rush it ruin a pristine wilderness?

Rolling back ANWR is no big deal. Putting Americans out of work along the Gulf coast to solve a problem that doesn't exist and wouldn't solve it if it did exist is. Especially since this is just being done for optics.

Thats dems trying to destroy the economy in Texas and other southern states.

How they have the Permian basin to draw from.

For how long?

The USGS estimates that over 46 billion barrels of oil, 280 trillion cubic feet of gas, and 20 billion barrels of natural gas liquids are trapped in these low-permeability shale formations. To better understand just how staggering these numbers are, think about this: at the end of 2017, total U.S. proven reserves of crude oil hovered around 40 billion barrels. For natural gas, figures stood around 465 trillion cubic feet (tcf). The new upward revision of Permian resources represents a more than 100% and 65% increase in U.S. oil and gas reserves, respectively, if they can be extracted economically.

America's Oil And Gas Reserves Double With Massive New Permian Discovery

The United States Geological Survey just identified the world's largest unconventional oil and gas potential buried within the Permian basin, containing over 46 billion barrels of oil and 280 trillion cubic feet of natural gas.

www.forbes.com

Google knowledge without any underlying understanding about what it means is a dangerous thing.

You have no understanding of OOIP and recoverable oil. So those numbers don't mean what you think they mean.

 

[ding]

Too bad it's just a political grandstanding ploy to satiate his constituents. The finding will be that a permanent ban on drilling would require congressional approval and keeping the companies that hold the leases whole. So it really won't accomplish anything more than pulling the wool over the eyes of his constituents. Too bad for the American families that will be negatively affected by this action.

Biden administration pauses federal drilling program in climate push

U.S. President Joe Biden's administration has temporarily suspended oil and gas permitting on federal lands and waters in the latest of a series of rapid-fire orders aimed at fighting climate change and tamping down the U.S. fossil fuel industry.

www.reuters.com

So, you are going back to getting your oil from Saudi Arabia, Russia and other enemies of America?

Why would we? We have a surplus, without having to do any of that drilling, and other forms of energy right now are more economical.

Sleepy Joe has also cut down on some of America's sources of oil, in the ANWR, the Keystone Pipeline, fracking on federal lands, etc. Sure, we may have a surplus now, but that's no guarantee. Further, surpluses can be sold abroad to both our friends and foes, undercutting the market for Iran and Venezuela and other suspect terror states.

There's been little interest in ANWR in the current energy economy. Why should we sell surpluses? Makes more sense to keep it underground until and IF we ever need it. Given the expansion of other energy sources that are less costly, we may never need to drill there, so why rush it ruin a pristine wilderness?

Rolling back ANWR is no big deal. Putting Americans out of work along the Gulf coast to solve a problem that doesn't exist and wouldn't solve it if it did exist is. Especially since this is just being done for optics.

Thats dems trying to destroy the economy in Texas and other southern states.

How they have the Permian basin to draw from.

For how long?

The USGS estimates that over 46 billion barrels of oil, 280 trillion cubic feet of gas, and 20 billion barrels of natural gas liquids are trapped in these low-permeability shale formations. To better understand just how staggering these numbers are, think about this: at the end of 2017, total U.S. proven reserves of crude oil hovered around 40 billion barrels. For natural gas, figures stood around 465 trillion cubic feet (tcf). The new upward revision of Permian resources represents a more than 100% and 65% increase in U.S. oil and gas reserves, respectively, if they can be extracted economically.

America's Oil And Gas Reserves Double With Massive New Permian Discovery

The United States Geological Survey just identified the world's largest unconventional oil and gas potential buried within the Permian basin, containing over 46 billion barrels of oil and 280 trillion cubic feet of natural gas.

www.forbes.com

The USGS is like the post office.

Those aren't recoverable reserve numbers. Those are original oil and gas in place. Recoveries are quite low in shale.