kyzr
Diamond Member
So what? It has oil and gas.Because it's pristine.
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So what? It has oil and gas.Because it's pristine.
Because it's pristine.
Appeal to intellect, of which you apparently have very little.
Let me guess, you live in a sprawling metro filled with pollution but you don't have a problem lecturing Alaskans living up there about the environment.Appeal to intellect, of which you apparently have very little.
Not in decades.30.00 in America
LOL. If ANWR is pristine, but no one sees it, does it matter?Spoken like a Neanderthal.
Texas sure does pump a shit-ton of oil at a loss, huh?No one in the industry gives a shit. Oil is $58 a barrel. There is no profitable development outside the Anadarko and Dakotas that is profitable. Offshore, Alaska , whatever. Unless oil is $90 a barrel its not even worth a yawn.

Are you against cheaper gas prices and cheaper prices everywhere? Well, of course you are because you would rather see the country fail than Trump do well.Trump administration finalizes plan to open pristine Alaska wildlife refuge to oil and gas drilling
JUNEAU, Alaska — The Trump administration on Thursday finalized plans to open the coastal plain of Alaska's Arctic National Wildlife Refuge to potential oil and gas drilling, renewing a long-simmering debate over whether to drill in one of the nation's environmental jewels.
U.S. Interior Secretary Doug Burgum announced the decision Thursday that paves the way for future lease sales within the refuge's 1.5 million-acre ( 631,309 hectare) coastal plain, an area that's considered sacred by the Indigenous Gwich'in. The plan fulfills pledges made by President Donald Trump and congressional Republicans to reopen this portion of the refuge to possible development. Trump's bill of tax breaks and spending cuts, passed during the summer, called for at least four lease sales within the refuge over a 10-year period.
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.................when supply is already exceeding demand?
Oil Could Fall to the $30s—Unless Someone Turns Off the Taps
Oil companies are pumping out crude at a record rate, and demand can’t keep up. That dynamic could continue through 2027, according to JP Morgan strategist Natasha Kaneva. And if it does, oil prices could fall into the $30s per barrel by the end of 2027, about half of what they are worth today. Below $40, few U.S. projects would be profitable.
U.S. Oil Companies Are ‘Battening Down the Hatches’
The industry is bracing for the OPEC Plus oil cartel’s meeting on Saturday, which is widely expected to further increase oil production despite weak demand.
There is a very basic economic principle at play here. When demand decreases, or supply exceeds demand, suppliers cut back on production to stabilize the price of what they are producing. So why open the pristine arctic refuge for drilling when oil producers are cutting back production on existing oil fields?
Define "profit." You are speaking of gross margin, which is a whole different thing.Oil makes a profit at 30.00 a barrel.
I got $2.32. I love it when I win!.
$2.54 yesterday when I filled up.
.
The Texas oil industry says you are a lying sack of vermin shit.Already developed you dumbass. Reveal more ignorance please.
The minimum to stay in business in this case. Not a problem considering the increase in demandDefine "profit." You are speaking of gross margin, which is a whole different thing.
I already said that. See post #6The Texas oil industry says you are a lying sack of vermin shit.
587 new drilling permits issued by Texas in Sept alone, Dumbass.
The oil industry is constantly battling with the conundrum of increasing production to lower market prices. It applies both to "drilling" and refinement. We The People can take comfort in two facts: First, it is now known that we will "never" run out of petroleum products. The proven reserves will last long past the death of every person living now on earth. Second, the swinging pendulum of the market remains a pleasant reminder of how market forces work. Those who claim that the oil companies are dangerously powerful have nothing to say when gas-pump prices drop, proving that the oil companies DO NOT control market prices directly.
The perennial ANWR debate highlights - for those who are paying attention with a little perspective - how vacuous the watermelon-left* is on the subject. The amount of pristine land that would be defiled by petroleum drilling and transporting infrastructure is so tiny that it would take you years to even find it in Alaska with your DJI drone.
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* Green on the outside; red on the inside.