BIDEN BLOWS UP OIL PRICES BY CANCELLING DRILLING IN U.S. NOW BEGS OPEC

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bacha29

Well-Known Member
Babagounj said:
Biden better start pumping all that new Alaska oil soon.
He'll need it to replace all the Strategic Petroleum Reserve (SPR), he has sold off.
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It's being replaced as contracts for replacement oil have already been released. What is happening is that in recent years output from ageing wells that supply the Alaskan oil pipeline have been slowly declining. The Willow project is being seen as replacement for that declining production . Haven't heard if it will be transported by tanker or tied into the pipeline. It will however take at least a decade to bring production into the market. By that time EV could begin to impact the demand for oil.

In the meantime Conoco Phillips is being give an opportunity to actually prove that it can meet the environmental goals they claim they can meet.
 
O

Ou812fu

Polishing toilet bowls since 1966.
bacha29 said:
It's being replaced as contracts for replacement oil have already been released. What is happening is that in recent years output from ageing wells that supply the Alaskan oil pipeline have been slowly declining. The Willow project is being seen as replacement for that declining production . Haven't heard if it will be transported by tanker or tied into the pipeline. It will however take at least a decade to bring production into the market. By that time EV could begin to impact the demand for oil.

In the meantime Conoco Phillips is being give an opportunity to actually prove that it can meet the environmental goals they claim they can meet.
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Where do these environmental goals come from?
 
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bacha29

Well-Known Member
Ou812fu said:
Where do these environmental goals come from?
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Long standing state and federal environment laws. Don't forget .Exxon Valdez was at least at that time the worst environmental disaster on US soil in US History.
And what and who was the driver of the first real environmental protection legislation? The 1969 Unical oil blowout and the fact that it saturated the Santa Barbara coastline. Home of no other than Richard Milhouse Nixon. You don't drown Tricky Dick's beach with crude oil and get away with it.
 
Fred's Myth

Fred's Myth

Nonhyphenated American
bacha29 said:
Long standing state and federal environment laws. Don't forget .Exxon Valdez was at least at that time the worst environmental disaster on US soil in US History.
And what and who was the driver of the first real environmental protection legislation? The 1969 Unical oil blowout and the fact that it saturated the Santa Barbara coastline. Home of no other than Richard Milhouse Nixon. You don't drown Tricky Dick's beach with crude oil and get away with it.
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A Republican??? Say it ain't so, Joe!
 
O

Ou812fu

Polishing toilet bowls since 1966.
bacha29 said:
Long standing state and federal environment laws. Don't forget .Exxon Valdez was at least at that time the worst environmental disaster on US soil in US History.
And what and who was the driver of the first real environmental protection legislation? The 1969 Unical oil blowout and the fact that it saturated the Santa Barbara coastline. Home of no other than Richard Milhouse Nixon. You don't drown Tricky Dick's beach with crude oil and get away with it.
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So, politicians is where it came from. How do they all make millions a year?
 
UnionStrong

UnionStrong

Sorry, but I don’t care anymore.
Wally said:
Does this after OPEC slows down production. Good move Biden!

www.bostonglobe.com

Biden to block oil drilling in ‘irreplaceable’ Alaskan wildlands - The Boston Globe

President Biden moved Wednesday to protect more than 10 million acres of Alaska’s North Slope from development, barring oil drilling across giant swaths and canceling leases in the Arctic National Wildlife Refuge.
www.bostonglobe.com www.bostonglobe.com
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Gas will go up, inflation will go up, prices will go up. These people need to be hanged.
 
Lineandinitial

Lineandinitial

Legio patria nostra
V

vantexan

Well-Known Member
B

bacha29

Well-Known Member
Wally said:
Does this after OPEC slows down production. Good move Biden!

www.bostonglobe.com

Biden to block oil drilling in ‘irreplaceable’ Alaskan wildlands - The Boston Globe

President Biden moved Wednesday to protect more than 10 million acres of Alaska’s North Slope from development, barring oil drilling across giant swaths and canceling leases in the Arctic National Wildlife Refuge.
www.bostonglobe.com www.bostonglobe.com
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Drill/No Drill in that area is a battle that has been going on for what....30 years?
Now let's look at industry data.
During the years 2007-2014 US drillers spent an average of 79 billion a year on new source exploration .
The result? Big glut of cheap oil which some of you guys appear to be addicted to.
As a result drilling activity slowed to a near stop while the industry adopted better supply management practices .
Drilling activity for the years 2023-2027 projected to average 22-23 billion a year. Not much and not back to previous record highs but an improvement that would indicate a return to more market not political but market driven exploration.
Primary areas to be explored....Africa and the Mediterranean. That much to an extent is political. Get in there and get control over whatever is there before Putin gets in there.
 
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vantexan

Well-Known Member
bacha29 said:
Drill/No Drill in that area is a battle that has been going on for what....30 years?
Now let's look at industry data.
During the years 2007-2014 US drillers spent an average of 79 billion a year on new source exploration .
The result? Big glut of cheap oil which some of you guys appear to be addicted to.
As a result drilling activity slowed to a near stop while the industry adopted better supply management practices .
Drilling activity for the years 2023-2027 projected to average 22-23 billion a year. Not much and not back to previous record highs but an improvement that would indicate a return to more market not political but market driven exploration.
Primary areas to be explored....Africa and the Mediterranean. That much to an extent is political. Get in there and get control over whatever is there before Putin gets in there.
Click to expand...
Why would Putin "get in there?" More likely the Chinese. And why should our companies be exploring and drilling elsewhere instead of doing the same in the U.S.?
 
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