bendog
Diamond Member
It may halt future production years down the road, but not today. And Biden, ironically, is not the reason leases were judicially invalidated. It was the gopers. LOL
Oil and Gas in ANWAR
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Hutch Starskey
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- Mar 24, 2015
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Well they typically don’t put 20+ gal tanks on cars that get 25 mpg or better.
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- #124
bendog
Diamond Member
Because no sane investor is going to put up millions considering the supply capacity worldwide and the independent driller bankruptcies of 2000-01 in the US market
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- #126
Lesh
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He did say "my wife's truck"
Lesh
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They dropped $20 in one day...yesterday
bendog
Diamond Member
it's been linked ad nauseum. There are 100 plus idle oil rigs, and drillers had a "pandemic" of bankruptices in 20-21
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The U.S. Shale Revolution Has Surrendered to Reality
“Drill, baby, drill is gone forever.” That was the recent assessment of Saudi Prince Abdulaziz bin Salman of the American oil industry’s future potential. As Saudi Arabia’s energy minister, Prince Abdulaziz is one of the most influential voices in the global oil markets. Fortune termed it a...
www.desmog.com
Stop being a PARTISAN TOOL
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- #130
My truck averages about 24.4 mpg. My wife's about 18 mpg, but we don't drive it much. I drive a vehicle I can get in, not some pregnant roller skate I have to put on.
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- #131
Sure they would, if they had certainty. They aren't going to bet the farm when we have politicians that bend to the will of small fringe groups.
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- #132
No they didn't, I've been keeping an eye on futures. The largest drop was on Wed and it was about 8 dollars. Yesterday and today they've varied about 3 dollars up and down. At this moment it's up 2.68 at 108.80.
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- #133
it's been linked ad nauseum. There are 100 plus idle oil rigs, and drillers had a "pandemic" of bankruptices in 20-21
The U.S. Shale Revolution Has Surrendered to Reality
“Drill, baby, drill is gone forever.” That was the recent assessment of Saudi Prince Abdulaziz bin Salman of the American oil industry’s future potential. As Saudi Arabia’s energy minister, Prince Abdulaziz is one of the most influential voices in the global oil markets. Fortune termed it a...
Stop being a PARTISAN TOOL
And that has what to do with gopers? Which was your claim.
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Lesh
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Oil drops 12% for worst day since November as wild ride triggered by Russia disruption continues
Oil prices dropped in a sudden move on Wednesday, giving back some of the rally this month amid supply disruptions stemming from Russia's invasion of Ukraine.
www.cnbc.com
bendog
Diamond Member
I claimed you were a partisan tool. That's it. And I posted links that there is less capital interested in new drilling than before, and that predates Biden.
But I'm not fan of Biden's energy policies. Imo they are contradictory of one another. The progressives he's saddled with think that increasing oil production will defeat green energy, and imo that's short sighted.
A lot of Texas oil companies declared bankruptcy in 2020. The shale producers in the Permian basin have had a shortage of oil workers, truckers and sand.
Great article. Thanks.Oil drops 12% for worst day since November as wild ride triggered by Russia disruption continues
Oil prices dropped in a sudden move on Wednesday, giving back some of the rally this month amid supply disruptions stemming from Russia's invasion of Ukraine.
bripat9643
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What part of " coupled with ongoing regulatory uncertainty," didn't you understand?This from Early 2021....while Trump was still in office:
Major Oil Companies Take A Pass On Controversial Lease Sale In Arctic Refuge
After a three-year push by the Trump administration, almost no oil companies offered bids. Analysts point to controversy, low oil prices and an incoming administration that opposes drilling.www.npr.org
The myth that Biden's pause stemmed the tide of oil companies drilling on federal land is simply ridiculous.
From the piece:
"
One of the Trump administration's biggest environmental rollbacks suffered a stunning setback Wednesday, as a decades-long push to drill for oil in Alaska's Arctic National Wildlife Refuge ended with a lease sale that attracted just three bidders — one of which was the state of Alaska itself.
Alaska's state-owned economic development corporation was the only bidder on nine of the parcels offered for lease in the northernmost swath of the refuge, known as the coastal plain. Two small companies also each picked up a single parcel.
Half of the offered leases drew no bids at all."
What part of "But amid a global recession, low oil prices and an aggressive pressure campaign against leasing by drilling opponents, oil analysts have for months been predicting little interest in the sale." didn't you understand?
Now EPA regulations have to consider "the social cost of fossil fuels." What do you suppose the result of that is?
Progs are all fucking morons.
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- #139
Oil drops 12% for worst day since November as wild ride triggered by Russia disruption continues
Oil prices dropped in a sudden move on Wednesday, giving back some of the rally this month amid supply disruptions stemming from Russia's invasion of Ukraine.
So it wasn't yesterday or a $20 drop, as you claimed. Also the recent highs happened Tuesday and were brief as your link said.
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bripat9643
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I'm sure the perps are tired of hearing about what a bunch of scumbags they are. Get used to it.
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