FACTS again which you totally ignore just spout words... your personal opinion. Show your links because here are the facts:
While new wells in developed reservoirs can be drilled and brought online in a matter of months,
timelines for production from new fields stretch for years because they have complex permitting requirements and require the construction of infrastructure such as pipelines and storage facilities.
One study found the world's largest oil and gas fields averaged
5.5 years from discovery to first production and took 17 years of production on average to reach peak output.10 Chevron Corporation's (
CVX) Gorgon natural gas development project off the coast of Australia took 30 years to progress from discovery to construction and nearly six more years to start producing liquefied natural gas.
Because oil and gas drilling is so
capital intensive the availability of capital is another constraint on output. That's especially true for shale, in part because production from shale wells slows faster than from conventional ones. That means more wells must be drilled constantly just to offset the production declines from those already on line.
The limited inventory of sufficiently lucrative drilling locations serves as another constraint on oil and gas production growth, and was already evident in the Permian in 2022
Discover the process of energy production and learn how long it typically takes to move an oil and gas well from the drawing board to production.
www.investopedia.com
NOW dummy GATOR unlike your limited attention span it takes longer to get into production as the above FACTS prove.
That's why this attached chart is so important!
It shows oil /gas leases signed on Federal lands declined under Obama, INCREASED under Trump and the idiot Biden gets idiots like you to say "oh yea will gas production at a record"!!!! Dummy... Those gas records are because Trump signed more leases! FACTS not guesses!
Compare Trump to Obama, signed fewer leases and so Trump increased land leases signed !
But childish people like you think things just happen!
I bet you like Biden think because of this fact:
U.S. budget deficit cut in half for biggest decrease ever amid Covid spending declines
The U.S. budget deficit was sliced in half for fiscal 2022, the biggest drop in history following two years of huge Covid-related spending.
www.cnbc.com
Biden's doings? NOPE... Trump tax cuts!
- Revenue posted easily the highest one-year total on record.
- The deficit decline would have been steeper had it not been for the Biden administration’s student loan forgiveness program.
but an $850 billion increase in revenue.
The revenue total is by far the highest ever for the U.S. government.
The U.S. budget deficit was sliced in half for fiscal 2022, the biggest drop in history following two years of huge Covid-related spending.
www.cnbc.com
HMMM Revenue paid in 2022 was based on taxes paid on income from 202
The Numbers Are In: Trump’s Tax Cuts Paid Off
The government now expects to bring in more tax revenue in the decade following the 2017 “Trump tax cuts” than it had projected prior to the passage of tax reform.
The corporate tax reform propelled higher income growth and therefore higher income taxes and payroll taxes.
The Congressional Budget Office’s May 2022
forecast shows that the government now expects to bring in more tax revenue in the decade following the 2017 “Trump tax cuts” than it had projected prior to the December 2017 passage of tax reform.
The Congressional Budget Office’s May 2022 forecast shows that the government now expects to bring in more tax revenue in the decade following the 2017 “Trump tax cuts” than it had projected prior to the December 2017 passage of tax reform.
www.heritage.org
But again... this information is too much for gator and his ignorant ilk to handle as they have the 8.5 attention span
that is common with dummies like them! FACT:
The Human Attention Span [INFOGRAPHIC] | Wyzowl
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