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.

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

You still spewing

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.

I receive oil royalties from owning mineral rights on land in Okiehoma how is is the wool being pulled over my eyes?

You are defending a political grandstand for no other reason than it's your football team doing the fuckery. Owning minerals means nothing.

 

[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

The USGS is like the post office.

They handle the mail?

 

[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.

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

You still spewing

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.

I receive oil royalties from owning mineral rights on land in Okiehoma how is is the wool being pulled over my eyes?

You are defending a political grandstand for no other reason than it's your football team doing the fuckery. Owning minerals means nothing.

It does when you get the check from the oil extracted. I am not defending anything you are being overly anxious to score points where they are not warranted.

 

[Vel]

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

Ooh.. The excuse making begins. Those job losses will be caused by Biden and the bad policies he champions. Nice job leftists. How many more people do you think you can add to the welfare rolls in the first 6 months of this illegitimate farce?

 

[surada]

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

There's no reason to drill on Federal Lands or in national parks when there's a glut of oil on the market and the ppb is so low.

 

[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.

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

I know exactly what the numbers are. The USGS numbers are broad brush guesses because they do not have all the private data necessary to evaluate the petroleum systems.

 

[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.

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

You still spewing

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.

I receive oil royalties from owning mineral rights on land in Okiehoma how is is the wool being pulled over my eyes?

You are defending a political grandstand for no other reason than it's your football team doing the fuckery. Owning minerals means nothing.

It does when you get the check from the oil extracted. I am not defending anything you are being overly anxious to score points where they are not warranted.

No. It means absolutely nothing. It gives you zero credibility. It does not make you an authority. As for you not defendin anything, I suggest you go back and re-read this exchange without your bias.

It is not overly anxious to say that was done for political gain, will not be made permanent, serves no purpose and unnecessarily negatively affects the lives of thousands of Americans. That is reality. Not Anxiety. I retired this year. It doesn't affect me one bit other than it being an offense to logic, reason, integrity, honesty and decency.

 

[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

There's no reason to drill on Federal Lands or in national parks when there's a glut of oil on the market and the ppb is so low.

People drill for one reason and one reason only; to make a profit. And they will continue drilling until it is no longer profitable. So it is really up to them what they do with their money. Obviously, they believe they are making money in today's market.

 

[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

Ooh.. The excuse making begins. Those job losses will be caused by Biden and the bad policies he champions. Nice job leftists. How many more people do you think you can add to the welfare rolls in the first 6 months of this illegitimate farce?

There are plenty of jobs out there try getting one.

 

[Vel]

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.

With the current low oil prices and the turn towards natural gas - furloughs have already been happening in the energy sector. This one thing is not going to have much impact on that.

Furlough's courtesy of the virus Biden's Chinese friends gifted to us.

 

[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.

I know exactly what the numbers are. The USGS numbers are broad brush guesses because they do not have all the private data necessary to evaluate the petroleum systems.

They are actually good ball park estimates of oil in place based upon statisics (i.e. other basins) and estimates of areal extent and the thickness of the hydrocarbon bearing intervals.

 

[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

There's no reason to drill on Federal Lands or in national parks when there's a glut of oil on the market and the ppb is so low.

People drill for one reason and one reason only; to make a profit. And they will continue drilling until it is no longer profitable. So it is really up to them what they do with their money. Obviously, they believe they are making money in today's market.

US Oil Rig Count
267.00 for Wk of Dec 31 2020


The US Oil Rig Count measures the number of oil rigs functioning in the United States. This indicator is important to track because it can give an idea of how much oil production is occuring. Historically, US Oil Rigs peaked in late 2014. The total number of oil rigs reached as high as 1609 before being cut to just 325 within 2 years.

US Oil Rig Count is at a current level of 267.00, up from 264.00 last week and down from 677.00 one year ago. This is a change of 1.14% from last week and -60.56% from one year ago.

US Oil Rig Count

In depth view into US Oil Rig Count including historical data from 1987, charts and stats.

ycharts.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

There's no reason to drill on Federal Lands or in national parks when there's a glut of oil on the market and the ppb is so low.

People drill for one reason and one reason only; to make a profit. And they will continue drilling until it is no longer profitable. So it is really up to them what they do with their money. Obviously, they believe they are making money in today's market.

The US Oil Rig Count measures the number of oil rigs functioning in the United States. This indicator is important to track because it can give an idea of how much oil production is occuring. Historically, US Oil Rigs peaked in late 2014. The total number of oil rigs reached as high as 1609 before being cut to just 325 within 2 years.

US Oil Rig Count is at a current level of 267.00, up from 264.00 last week and down from 677.00 one year ago. This is a change of 1.14% from last week and -60.56% from one year ago.

US Oil Rig Count

In depth view into US Oil Rig Count including historical data from 1987, charts and stats.

ycharts.com

.

What does that have to do with anything? Are you arguing there will be no negative consequences to Biden's TEMPORARY ban on drilling permits on federal lands and waters?

 

[surada]

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

There's no reason to drill on Federal Lands or in national parks when there's a glut of oil on the market and the ppb is so low.

People drill for one reason and one reason only; to make a profit. And they will continue drilling until it is no longer profitable. So it is really up to them what they do with their money. Obviously, they believe they are making money in today's market.

Not at 53 dollars a barrel. Our lift costs are the highest in the world,

 

[ding]

Was Biden's campaign promise to ban drilling on federal lands and waters or to TEMPORARILY ban drill drilling on federal lands and waters?

 

[Polishprince]

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

There's no reason to drill on Federal Lands or in national parks when there's a glut of oil on the market and the ppb is so low.

People drill for one reason and one reason only; to make a profit. And they will continue drilling until it is no longer profitable. So it is really up to them what they do with their money. Obviously, they believe they are making money in today's market.

US Oil Rig Count
267.00 for Wk of Dec 31 2020


The US Oil Rig Count measures the number of oil rigs functioning in the United States. This indicator is important to track because it can give an idea of how much oil production is occuring. Historically, US Oil Rigs peaked in late 2014. The total number of oil rigs reached as high as 1609 before being cut to just 325 within 2 years.

US Oil Rig Count is at a current level of 267.00, up from 264.00 last week and down from 677.00 one year ago. This is a change of 1.14% from last week and -60.56% from one year ago.

US Oil Rig Count

In depth view into US Oil Rig Count including historical data from 1987, charts and stats.

ycharts.com

.

America is a growing country- and our economy has been growing. Shouldn't our oil capacity be growing as well?

The Caravans are on the way, we can expect millions of new Illegals coming quickly, and they will all be driving old gas guzzling cars.

 

[surada]

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

There's no reason to drill on Federal Lands or in national parks when there's a glut of oil on the market and the ppb is so low.

People drill for one reason and one reason only; to make a profit. And they will continue drilling until it is no longer profitable. So it is really up to them what they do with their money. Obviously, they believe they are making money in today's market.

US Oil Rig Count
267.00 for Wk of Dec 31 2020


The US Oil Rig Count measures the number of oil rigs functioning in the United States. This indicator is important to track because it can give an idea of how much oil production is occuring. Historically, US Oil Rigs peaked in late 2014. The total number of oil rigs reached as high as 1609 before being cut to just 325 within 2 years.

US Oil Rig Count is at a current level of 267.00, up from 264.00 last week and down from 677.00 one year ago. This is a change of 1.14% from last week and -60.56% from one year ago.

US Oil Rig Count

In depth view into US Oil Rig Count including historical data from 1987, charts and stats.

ycharts.com

.

Rig count is a very good indicator.. When Obama took office the rig count went higher than it had been in 40 years for one reason.. The ppb went to $100

 

[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

There's no reason to drill on Federal Lands or in national parks when there's a glut of oil on the market and the ppb is so low.

People drill for one reason and one reason only; to make a profit. And they will continue drilling until it is no longer profitable. So it is really up to them what they do with their money. Obviously, they believe they are making money in today's market.

Not at 53 dollars a barrel. Our lift costs are the highest in the world,

Breakeven pricing in GoM deepwater is ~30 $/bbl

 

[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

There's no reason to drill on Federal Lands or in national parks when there's a glut of oil on the market and the ppb is so low.

People drill for one reason and one reason only; to make a profit. And they will continue drilling until it is no longer profitable. So it is really up to them what they do with their money. Obviously, they believe they are making money in today's market.

US Oil Rig Count
267.00 for Wk of Dec 31 2020


The US Oil Rig Count measures the number of oil rigs functioning in the United States. This indicator is important to track because it can give an idea of how much oil production is occuring. Historically, US Oil Rigs peaked in late 2014. The total number of oil rigs reached as high as 1609 before being cut to just 325 within 2 years.

US Oil Rig Count is at a current level of 267.00, up from 264.00 last week and down from 677.00 one year ago. This is a change of 1.14% from last week and -60.56% from one year ago.

US Oil Rig Count

In depth view into US Oil Rig Count including historical data from 1987, charts and stats.

ycharts.com

.

Rig count is a very good indicator.. When Obama took office the rig count went higher than it had been in 40 years for one reason.. The ppb went to $100

And was because of the shale oil boom and nothing else. He was in the right place at the right time.

 

[surada]

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

There's no reason to drill on Federal Lands or in national parks when there's a glut of oil on the market and the ppb is so low.

People drill for one reason and one reason only; to make a profit. And they will continue drilling until it is no longer profitable. So it is really up to them what they do with their money. Obviously, they believe they are making money in today's market.

US Oil Rig Count
267.00 for Wk of Dec 31 2020


The US Oil Rig Count measures the number of oil rigs functioning in the United States. This indicator is important to track because it can give an idea of how much oil production is occuring. Historically, US Oil Rigs peaked in late 2014. The total number of oil rigs reached as high as 1609 before being cut to just 325 within 2 years.

US Oil Rig Count is at a current level of 267.00, up from 264.00 last week and down from 677.00 one year ago. This is a change of 1.14% from last week and -60.56% from one year ago.

US Oil Rig Count

In depth view into US Oil Rig Count including historical data from 1987, charts and stats.

ycharts.com

.

America is a growing country- and our economy has been growing. Shouldn't our oil capacity be growing as well?

The Caravans are on the way, we can expect millions of new Illegals coming quickly, and they will all be driving old gas guzzling cars.

Zaki Yamani said , The Stone Age didn't end because they ran out of stones..