Uncensored2008
Libertarian Radical
There are 9,000 drilling permits.
Lease<> Permit
Try a different gaslight Jen, maybe that time at bandcamp?
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There are 9,000 drilling permits.
Biden Set to Announce Russian Oil Ban Today
Crude oil futures extended gains on the news.www.rigzone.com
I think this is set up play. Creating more misery than Covid because the entire world was pissed over the restrictions........Does that mean Biden will have to refund some of his bribes?
They pulled this same shit during the reign of the Kenyan lawn jockey.Pissi is stupid as hell and a big fat liar too.
Watts Up With That?
Jen Psaki: “There are 9,000 approved oil leases that the oil companies are not tapping into currently”… Aeuhhh?
Guest “WTF is she talking about?” by David Middleton
Excerpt:
This post is the first sequel to: Democrat Senators Demand That Oil Companies Increase Production.
As I write this post (the morning of March 7, 2022), West Texas Intermediate (WTI) is right around $120/bbl. It actually topped $130/bbl over the weekend. This morning, I paid $3.999/gal for regular unleaded gasoline in Houston, Texas. While I make my living finding oil & gas and high oil prices are good for the bottom line right now. These prices are likely to be unsustainable and could trigger a recession and subsequent oil price crash.
The Brandon maladministration is increasingly facing questions about why they aren’t taking measures to increase domestic oil production. This is a typically moronic Democrat political hack response to the questions:
LINK
What is the tax-increase and increase in fees on those permits?There are 9,000 drilling permits.
Exactly...most wells drilled don't produce oil. 1 out of three to five will.
Rock formations can be troublesome as well as a LOT of issues.
Exactly....More lies of omission.What is the tax-increase and increase in fees on those permits?
Oh.....and is there any oil or natural gas in those permits?
“Just because you have a lease doesn’t mean there’s actually oil and gas in that lease, and there has to be a lot of development that occurs between the leasing and then ultimately permitting for that acreage to be productive,” he said. “I think that they’re purposefully misusing the facts here to advantage their position.”Biden Administration Is ‘Misusing Facts’ on Oil Permits, API Says
(Bloomberg) -- The head of the biggest U.S. oil lobby groups said the Biden administration is “misusing facts” when it claims the industry has more than 9,000 federal drilling permits on which it can drill to boost supply and ease soaring energy prices. Most Read from BloombergUkraine Update...finance.yahoo.com"The Interior Department warned of delays in new drilling permits after a Louisiana-based federal district judge blocked the administration’s method for assessing how its permit approvals affect climate change. “To have your judicial system and regulatory branch trying to throttle oil and gas production while you’re scrambling to look under every rock around the world for a barrel of oil is awkward and contradictory."Read more at: Biden Delays Oil Permits as Gasoline Prices Surge on UkraineCopyright © BloombergQuintBiden Delays Oil Permits as Gasoline Prices Surge on Ukraine
Biden Halts Oil Permits Just as Gasoline Prices Surge on Ukrainewww.bloombergquint.comBiden administration freezes new oil and gas drilling leases after court rules against key climate tool | CNN
The pause comes after a judge ruled against Biden's social cost of carbon metric, which uses models to put a value on each ton of carbon dioxide emitted to quantify the economic harm caused by the climate crisis, like sea level rise and wildfires.www.cnn.com
At about 1:25 or so. Straight from the press secretary's mouth.
They hire geologists to graph and lay out the rock formations under the ground. I have no clue how they do their voodoo. I am not a geologist. But they look for particular geological formations as to finding the oil. It doesn't always work but it does often enough that it's worth a look by drilling and seeing. Unless the lease and set up costs are too much.
Key Stone Pipeline is still open and pumps oil to Cushing, Ok. If you cannot do some fucking research don't comment on a subject. It's the XL that was discontinued and it pumped some of the dirtiest sand oil to the gulf coast for refinery and shipped overseas.If we could all be honest with each other, democrats would admit they are at war with fossil fuels, and because of this, have affected prices going up before the Ukraine war.
But if you think fossil fuels are destroying the globe, what choice do you have?
So they lie and pretend that stopping the Key Stone Pipeline and stopping further oil exploration has not caused prices to increase and has not caused US dependence on fuel from Russia. But if you believe the cultists about the world ending due to carbon emissions, what choice do you have, so they go along with the false narrative.
There are 9,000 drilling permits.
You are not going to produce to where it will cause a glut on the market…Ok, so lets look at 1 in 5 producing.
With 9,000 drilling permits, and only 1 in 5 produce oil, that will leave 1,800 producing oil wells.
They pulled this same shit during the reign of the Kenyan lawn jockey.
Most of those leases are in areas that are low probability sites, and/or tremendously expensive to extract the resources.
In two weeks the recession will be official.
Not all those leases are viable. Those unused drilling leases also represent a fraction of the active permits, many of which are being used by the private sector to produce oil and gas daily. There are more than 37,496 active oil and gas leases nationwide, meaning more than 75% are in use. Just because you have a lease doesn’t mean there’s actually oil and gas in that lease, and there has to be a lot of development that occurs between the leasing and then ultimately permitting for that acreage to be productive. Regulatory uncertainty has stifled further development, and the time period is often stretched out by legal challenges. Therefore the oil industry doesn't want to waste their time and resources on leases which may or may not have any oil or gas, especially when they're not sure what kind of stupid shit this administration is going to do in the future.
Domestic oil production is at or near all time highs. Oil companies have posted record profits.
But the high gas prices are the fault of Biden because he stopped construction of a pipeline that, if work had continued, would still not be completed?
Special kind of logic there.