Oil companies right now have 9,000 leases they can drill on. Why are they not drilling?

[kyzr]

Cost. Why invest if they're already making record profits...
Putin says...oh well if Putin says...Jeez

Cost? Then that's a business decision. If today's costs are too high, wait a year or two for better business conditions.
Putin says "Thank You" for $120/bbl oil. Putin's Whore is in the WH.
Joe killed that Canadian 500,000 bpd, Putin's Whore did his job.

 

[Lesh]

Xiden killed the KeystoneXL pipeline, that would have added 500,000 bpd of oil, Putin says

Putin? Don't falsify my posts, duh. Putin's Whore is in the WH.

Are you drunk this early?

 

[Clipper]

So you approve of Biden shutting down the KeystoneXL pipeline, and reducing Canada's oil output by about 500,000 bbls/day? The fact is that democrats want gas high to get everyone into Teslas.

BS. How many average U.S. citizens can afford to go buy a Tesla or another EV? The % is small. So why would Dems want to get people into a vehicle that they can't afford or even want?

Guess who wants to get people into EV's? The manufacturers of them, that's who.

 

[Lesh]

What happened when Brandon got elected?
View attachment 657268

Hey dumfuk...the price was levelling off and even dropping by January 2021.

Know what happened after that?

Yea...Ukraine

 

[Polishprince]

Fact-checking Biden’s claim that there are 9,000 unused oil drilling permits

Fact-checking President Joe Biden’s claim that there are 9,000 unused oil drilling permits. That's mostly true.

www.statesman.com

Seems they want to slow supply with demand going up that mean Cha ching. More record prices.

So why sit on these leases and not drill.

Oh yeah they have billions of reason not to.

That isn't it at all.

They would love to drill in the US and produce oil, but the concern is that Sleepy Joe will just cancel the leases when he suddenly changes his mind at some point down the line- like he did with the ANWR exploration and the Keystone Pipeline.

Why incur that kind of expense, when the chances are more likely that it won't produce any revenue- due to Biden's moods (not geological realities).

Further, Sleepy Joe has increased royalty rates,making it even harder to make back one's nut on such a venture.

Oil concerns would be better advised to look to develop oil in countries which are more stable than America at this point in time.

 

[kyzr]

Are you drunk this early?

Putin says "Spasibo" (Thank You) for $120/bbl oil.
(you left off the last word of my post)

 

[kyzr]

BS. How many average U.S. citizens can afford to go buy a Tesla or another EV? The % is small.
So why would Dems want to get people into a vehicle that they can't afford or even want?
Guess who wants to get people into EV's? The manufacturers of them, that's who.

Xiden always promises to end fossil fuels, believe that is his goal when he says it is.
I'm sure there are alliances for the "green initiatives". Renewable energy subsidies, the Green New deal winners, etc.
The problem is that the high price of fuel will create more disasters than the democrats know how to deal with.
The next two years will be difficult.

 

[pknopp]

Green renewable energy is our future

Do you enjoy paying $5 a gallon for gas?

The forces that create high energy prices now will do the same with whatever sources we use.

 

[rightwinger]

The forces that create high energy prices now will do the same with whatever sources we use.

How?

 

[pknopp]

Just because it is a lease does not mean there is oil there. I cost millions just to find it.
Why would oil companies invest in more drilling when shit for brains wants to shut them all down?
Biden says he would transition out of the oil industry by eliminating subsidies for oil companies, which would lead to catastrophic job losses for American workers.
President Joe Biden’s pick for a top banking regulatory position said “we want” oil and gas companies to go bankrupt.

Subsidies for companies making billions. The Capitalistic way.

 

[pknopp]

How?

Triple the cost of solar panels. Just one example.

 

[Maxdeath]

So, why are the oil companies bidding on the land with no oil?

See above.

BS.
Oil companies cannot have a lease an owners land without their permission.

Huh?

So Einstein if they do not bid on a lease then exactly how do they find out if there is oil on that lease? Use the Vulcan mind meld on the earth? Have someone read chicken bones?
the lease is given out by the federal government it only allows a company to explore for oil. In an area. It does not give them permission to be on land that is owned by a rancher or farmer. So exactly how do they get to the lease if it is not accessible because a farmer says they are not allowed to cross his land? I imagine in your world you just drive on paved roads. But in the real world roads to rural areas have to be built.

 

[pknopp]

So Einstein if they do not bid on a lease then exactly how do they find out if there is oil on that lease? Use the Vulcan mind meld on the earth? Have someone read chicken bones?
the lease is given out by the federal government it only allows a company to explore for oil. In an area. It does not give them permission to be on land that is owned by a rancher or farmer. So exactly how do they get to the lease if it is not accessible because a farmer says they are not allowed to cross his land? I imagine in your world you just drive on paved roads. But in the real world roads to rural areas have to be built.

Nobody is bidding on ineccessable land.

 

[theHawk]

Fact-checking Biden’s claim that there are 9,000 unused oil drilling permits

Fact-checking President Joe Biden’s claim that there are 9,000 unused oil drilling permits. That's mostly true.

www.statesman.com

Seems they want to slow supply with demand going up that mean Cha ching. More record prices.

So why sit on these leases and not drill.

Oh yeah they have billions of reason not to.

Because they are shit leases.

The government won’t approve pipelines to them in order to ship oil.

Even the few good ones that are approved that have good oil reserves are held up by wacko enviro-extremist groups in the courts, with Obama judges blocking them, like the Gulf of Mexico lease.

 

[pknopp]

Because they are shit leases.

The government won’t approve pipelines to them in order to ship oil.

Even the few good ones that are approved that have good oil reserves are held up by wacko enviro-extremist groups in the courts, with Obama judges blocking them, like the Gulf of Mexico lease.

Oil drillers shrug off Trump's U.S. Arctic wildlife refuge auction

 

[theHawk]

Oil drillers shrug off Trump's U.S. Arctic wildlife refuge auction

LOL, that was during the Trump Presidency when they had thousands of other leases.

Then Biden was installed and he cancelled thousands of approved leases, and he shut down ANWAR for drilling.

If the oil companies weren’t going to drill there, why ban drilling their?

Biden Suspends Drilling Leases in Arctic National Wildlife Refuge (Published 2021)

The decision blocks, for now, oil and gas drilling in one of the largest tracts of undeveloped wilderness in the United States.

www.nytimes.com

 

[Weatherman2020]

Hey dumfuk...the price was levelling off and even dropping by January 2021.

Know what happened after that?

Yea...Ukraine

Show the class where gas prices dropped after Biden was installed.
And while you’re at it, show the class where 2/22 is when Russia invaded.

 

[pknopp]

LOL, that was during the Trump Presidency when they had thousands of other leases.

Then Biden was installed and he cancelled thousands of approved leases, and he shut down ANWAR for drilling.

If the oil companies weren’t going to drill there, why ban drilling their?

Biden Suspends Drilling Leases in Arctic National Wildlife Refuge (Published 2021)

The decision blocks, for now, oil and gas drilling in one of the largest tracts of undeveloped wilderness in the United States.

www.nytimes.com

Demand is being met is why they aren't drilling.

 

[Weatherman2020]

Demand is being met is why they aren't drilling.

Oil drillers sell their oil. Only an idiot thinks people don’t want to make money.

 

[pknopp]

Oil drillers sell their oil. Only an idiot thinks people don’t want to make money.

Oil companies making money isnt the problem. People sitting around an office creating nothing and demanding record earnings every year is.