Guest essay by Eric Worrall
h/t Breitbart; As promised, Biden has launched a full frontal assault on the USA’s oil and gas jobs, while he investigates the impact of US domestic energy independence on climate change.
Biden administration suspends federal oil and gas permitting
3 MIN READ
(Reuters) – The Biden administration has temporarily suspended oil and gas leasing and permitting on federal lands and waters while it evaluates the legal and policy implications of the program, according to a Department of Interior memo.
The move appears to be a first step in delivering on newly sworn-in President Joe Biden’s campaign promise to ban all new federal drilling permits, part of his wider agenda to combat global climate change.
The order was welcomed by environmentalists and derided by the oil and gas industry, whose largest onshore drilling companies have stockpiled permits here in anticipation of a change in federal policy.
U.S. federal lands and waters account for close to 25% of the nation’s crude oil output, making them a big contributor to energy supply but also to America’s greenhouse gas emissions.
…
Oil and gas industry trade groups American Petroleum Institute and Western Energy Alliance swiftly issued statements condemning the pause.
“With this move, the administration is leading us toward more reliance on foreign energy from countries with lower environmental standards and risks to hundreds of thousands of jobs and billions in government revenue for education and conservation programs,” API President Mike Sommers said.
…
Read more: https://www.reuters.com/article/us-usa-drilling-interior/biden-administration-suspends-federal-oil-and-gas-permitting-idUSKBN29Q2N1
This comes hot on the heels of Biden cancelling the Keystone Pipeline.
To be fair, nobody can say this is any kind of surprise – Biden promised to shut down US domestic fossil fuel production during the October Presidential debate. So in that sense he is keeping his promise to do just what he said he would do.
So what do you do if you are a soon to be unemployed fossil fuel worker? Biden has a plan – Biden thinks you should “learn to code”, get a job with a big tech company.
There’s no cure for stupid.
[Yeah, no. We don’t want to be accused of incitemen-mod]
[Yeah, no. We don’t want to be accused of incitement-mod]
I wonder if Biden knows how to code???
Bryan, you presume he has the mental capability to retain the skill of software development.
HA! That’s cute.
They are not stupid. Scratch any left wing liberal, and they will tell you, “Hey ho ho, Western Culture’s Got to Go!”
In other words, they’ve been telling us exactly what they want to do for the last 60 years.
They lost their ideology and philosophy – Christianity – but found nothing good to replace it, except Materialism.
Not material ,Marx. They left is full bore Marxists. Every one should watch the. Interview with Yuri bezmenov. Plug in yuri kgb you will find it until big tech takes it all down. He explains how we got to where we are with all of this mess. His predicted timeline was a few years too early.
Yes, they are stupid. Anyone who believes nonsense contrary to overwhelming evidence is stupid. Socialism? Stupid. Catastrophic climate change happening? Stupid. Allowing rioting, looting, and arson in the name of “peaceful protest” hoping they will get tired of it? Allowing homeless people to occupy public and private property, urinate and defecate in public, sell and use drugs and break laws with no consequences, and “fix” it by providing free housing and other services? Stupid. $15 minimum wage to boost low-wage workers’ economic situation? Stupid. Giving hundreds of billions to appease the biggest sponsor of terrorism, Iran, hoping they will be nice? Stupid. Breaking contracts and stopping an oil pipeline that safely transports oil that will now be shipped more dangerously via trains and pretending it will “solve” “climate change”? Stupid. The list goes on and on.
Leftists are not smart people. They are stupid. Often well-meaning, but stupid.
I’d be interested in hearing the non socialist solution to 61,000 homeless in LA. (Just keep it within the bounds of decency and legality). I’m glad you condemn rioting and looting, e.g in a nation’s public buildings
Put them in shipping containers.
https://www.dmagazine.com/commercial-real-estate/2021/01/first-look-southeast-dallas-shipping-container-housing-project/
In The Black List, Raymond Reddington has quite a fancy housing inside one container. Never thought someone would do it for real tho.
i guess the only limits to human innovations are the ones we self apply to ourselves.
Ya know, that shipping container thing isn’t a bad idea. Perhaps they should take 61,000 Socialists and place them into shipping containers…And ship them to China.
Then the L.A. homeless population would have 61,000 places to live
griff, the vast majority of homelessness is caused by drug addiction, alcoholism, and mental illness. Explain how Socialism can address those issues. Remember that Socialism is where the government controls the means of production (and typically destroys production efficiency) and distributes that production to the people (usually after skimming off the top for the high-placed Socialist officials). Also remember that Socialism is not govermnent spending through taxes on economic production produced by Capitalism. I’m thinking that you probably don’t know the difference. We’ll be waiting for your answer.
The vast majority of the homeless are people with mental issues.
All of us condemn all rioting. Unlike you who only get upset when someone right of center is doing the rioting.
Why are you torturing electrons to write that nonsense. You should shut down your equipment that uses electricity because of Climate Change..
Surely you don’t believe that globalism or Marxism has a solution do you? It was their policies under Obama, Clinton and Bush that cause the problem in the 1st place. Only the sort of free-market economy initiated by Trump had any chance of fixing that problem. That is the economy that swells the middle class … a US 1st economy. Exporting jobs to the “developing” countries and globalism is what caused the homelessness in Western market economies.
Oooh oooh oooh…
How about rounding up 61,000 L.A. area Illegal aliens, sending them black to their country of origin and move the homeless into their residences.
He can speak.
https://twitter.com/BAMAPERRY/status/1352291835566313474
John
It’s not really stupid, it’s just a belief system that allows the achievement of many goals.
No, Martin … it really is stupid. You’re right in calling it a “different belief system”, though. It’s called SOCIALISM and that has caused more death, hardship and strife than any other “belief system” in modern times. The goals were well laid out by Karl Marx, Hitler, Mussolini, Mao and Castro etc. etc. etc.
The banning just means that fracking will occur on private lands, as it did during the unlamented Obama administration.
LOL @ Pat Frank…….disposal of fracking waste water on private land is illegal per the Clean Water Act.
When OBiden’s maladministration rules on drilling pushes oil to $80+/bbl and nat gas to $6/1000cf (like it was in 2008), the Texas and Dakota frackers will get serious about drilling again with dollar signs in their eyes.
Obama in 2012: “We can’t drill our way to lower gas prices.”
Frackers: “Hold my beer.”
A solved problem, bethan.
Lol……disposal of fracking waste water on federal land is also illegal….or did think per Clean Water Act…..so how do you think energy companies fracked on permitted/leased federal lands?….I’ll leave you to think that through.
Don’t hold your breath.
More stupidity from the masters of it.
you’re so smart you used your email address as the username….
5,000 new oil and gas wells scheduled for drilling in Wyoming.
https://www.forbes.com/sites/ianpalmer/2021/01/14/feds-approve-plan-to-drill-and-frack-5000-new-oil-wells-in-the-powder-river-basin-of-wyoming/?sh=1659771b6bb6
Not budgeted. Won’t be budgeted and executed until the excess lower OPEX and CAPEX/boe mideast and former FSU is produced off. I.e., not for another decade or more.
Please note that every company listed in the article is losing it’s ass, is in or has recently emerged from bankruptcy, or some combination.
You might try reading the article.
EOG lost money in 2015-2016 and will probably take a loss for 2020, like the entire industry… Otherwise they’ve been in the black every year since at least 2010. Of the last 40 quarters, they’ve only lost money in 10, with all but 1 occurring in 2015, 2016 & 2020 – years featuring price crashes.
I have no idea whether any of this will be drilled by EOG this year, but they are the leading producer in Wyoming and they have a very active drilling program. Companies with a lot of exposure to the US government have been stockpiling drilling permits. Most have 2-4 years worth of drilling already permitted.
Promises made, you know the thing.
Remind me they start some war in the ME, oil will go over 100 and gas in US over 5.
That will blow the peaceniks at the commune/ heroin needle exchange centers in Ithaca and Berkeley 😂
*peaceniks minds
Ummm…. they have working minds? I did not know that.
Yes they do have working minds. I have no idea why but apparently they do work. Occasionally.
There is imaginary work hAppening in those minds.
Isn’t “peacenik minds” a modern oxymoron?
I say Libtards should go without any gas for their vehicles and make no airplane/jet trips for 6 months and see how they fare.
All we have to do is siphon gas from our liberal neighbor’s cars, I’m sure they’d be happy to stop contributing to global warming… and don’t forget to plug your car charger into their outlets, it’s all community property anyway in communist dictatorships.
Think of how many power line permits they will have to give out to connect far flung wind turbines (which kill off hundreds of not thousands of raptors and bats each year) aka “Pinwheels” and what deforestation, negative impacts to wetlands, historical areas and vistas will be brought about!.
Good point, but they’re Leftards, not Libtards. Those of us who believe in limited self-government, laissez faire economics, a free market, minimal regulations, the rule of law, protection of natural rights, are liberal. The ones who want to regulate your shower, your speech, your light bulbs, your right to own weapons of self-defense are Leftist.
The Chinese government are probably in party mode about now.
Of course, they’ve got their boy in the White House now. Time for him to start paying back their investment.
The Russian economy has been described as one big giant service station. The low world oil prices have tempered Russia’s adventurism for many years. This action is the equivalent of funding terrorism.
I would guess they are ecstatic to have gained such a rapid response to their “assistance” in getting him elected. China is more famous for playing “the long game”.
“The Permit is hereby revoked,” Biden’s executive order says. “Leaving the Keystone XL pipeline permit in place would not be consistent with my Administration’s economic and climate imperatives.”
This appears to be an admission his economic imperative is to destroy the economy.
Yes, to that. And destroy the economy he will. Energy is the lifeblood of any economy. What would you call someone who tries to destroy our economy? Traitor comes to mind…
Obama’s crew reviewed the KXL project and concluded it would have very little adverse effect on the environment and almost none on the climate. This repeal of a permit is not about the climate as Biden wrote in the order. It amounts to a government taking of assets and expenses and the pipeline contractors should sue Biden and company for their loss.
As so should the unions that give money handily to the Dems.
https://teamster.org/2021/01/teamsters-statement-on-cancelation-of-the-keystone-xl-pipeline/
Dems only care about governmental employee unions and service unions such as SEIU. They are killing the goose that lays the golden eggs.
Like Joe said, I don’t need you vote.
Jim Hoffa?! Seriously?
Does his action on the Keystone XL pipeline comport with the ‘takings’ clause of the U.S. Constitution?
Probably not.
David M,is likely correct in the sense of an eminent domain taking but there is precedence in the government purchasing productive property to prevent activity that they deemed dangerous. If the excuse for recinding the permit is to save the world they ought to be liable for the cost at least the expenditure to date based on a valid permit.
There’s also the credibility of the US as a business partner at stake.
Then again, a country that (supposedly, but not really) elected a senile man as its leader has got a credibility problem to begin with.
“If the excuse for rescinding the permit is to save the world they ought to be…”
ABLE TO SUPPLY SOME ACTUAL EVIDENCE OF THAT.
I’m so sick and tired of their “assumption of facts not in evidence.”
So do the affected unions, states and localities need to sue for lost revenue and income? If so, does Congress need to appropriate funds to pay for the losses?
I hope they do.
Some serious voter’s remorse will be setting in by 2022 as gas and diesel prices double and more from where they are today in the US. Inflation like no one can believe will occur as food prices skyrocket as a result. You can’t eat an iPad even if they get cheaper. And the Fed will be helpless to raise interest rates as that would make US Treasury borrowing prohibitively expensive.
Democrat’s about to learn some very hard lessons on economics. And it is the average American like me and you who will pay for those mistakes.
They will never learn, they are hopelessly economically illiterate.
They have no interest in economics.
It won’t matter.
When criminals get by with a crime, they do not go straight. They continue committing crime, but get bolder. Many criminals get caught because they do not stop, but keep going and escalate their crimes. Well, criminals got away with stealing an election. They will not go straight the next election. Since the criminals are democrats, and since most of the media literally worships the democrats, they will never get caught. And now the fraudsters know they won’t get caught, they will escalate; thus, they will be more brazen in the fraud. I keep saying it, and I mean it: This country is done. It is now a one-party state. 300 million could have voted for Trump, and he still would have lost.
Unless, things get so bad that the military has to step in to keep order. Let’s hope that this is just a bad reality show.
Unless the military start to only recruit from the true believers.
No whites allowed and you have an armed force that could be used to ensure the next election counts every vote again (real or not).
It’s not ethnicity John, it’s how people think.
The US has a sizeable population of conservative people of African and Asian descent who dislike liberal politics and appreciated Trump’s America First program and his moves on the economy and the military.
The problem is the officer corps. If their ranks get filled with political activists, they will support the illegal commands of an illicit progressive government. Most of the rank-and-file with follow their orders. The trouble will come from there.
The Democrats have really PO’d a lot of National Guardsmen with their treatment of them during the inauguration.
The Florida and Texas National Guard units have been ordered to return home by their governors.
https://www.breitbart.com/politics/2021/01/22/gov-desantis-orders-return-florida-national-guard-troops-theyre-not-nancy-pelosis-servants/
Ahem. I did find the panning shot across the double line of soldiers in field gear in front of the reflecting pool during Biden’s speech after his inaugeration quite the sign of things to come I must say. We do live in a bloody bizarre world, don’t we?
It’s illegal to use the US military against its citizens. Oh wait, these people who think the constitution is just an old piece of paper in a museum really don’t care about what’s legal.
They are not impacting demand with these moves, they are restricting supply.
Even Joe must have taken Econ 101. What happens to price when you lower supply?
I certainly will not be driving any less (or using fewer plastics) because Joe shut down a pipeline.
Your discretionary money, diverted to buying expensive gas and electricity, are dollars not available to spend elsewhere. The government picking economic winners and losers never works out.
Yup just look at “sources of electric generation.”
Joe wouldn’t know Econ 101 if it bit him in the ass. No liberal idiot would. Same goes for any factual Western History course, or Logic, or Epistemology, or Ethics – the lost core philosophy courses of what was a liberal education.
Canada is going to court I hear over the XL issue.
I think it’s time for rational conservatives to take action. Use the courts and laws to impede Joe’s agenda, and exercise our economic power by not buying products from those companies that have become so radical that they punish others who have a different political view. I’m talking about you, Amazon, Google, Facebook, Forbes, Marriott. And the people who advertise with you.
Joe doesn’t HAVE an agenda. He’s a place holder and an empty suit for those who have a very very good grasp of the economics concepts you mentioned. That’s why they all benefited massively from the Chinese flu. They will continue to do so while Biden is president. That’s why they installed him.
Let’s so how long it takes before Americans realize they are headed for a massive recession if not depression before they understand the true direction the Left is taking the country.
One can register a complaint at http://www.antifa.com
Gonna be too late, China Joe is already talking about fast-tracking amnesty to the illegals and getting them the right to vote. There’s a mad dash for the border now, so that they can cash in on all the free money the DC commies are planning on giving them.
Give it a few years and the migrant caravans will be heading South for jobs and better lives in Central American countries
There was little doubt that there would at least be a temporary freeze on leasing and permits.
I haven’t seen any details about what this actually entails.
https://www.klfy.com/local/president-joe-biden-issues-60-day-ban-on-new-oil-and-gas-drilling-permits-in-gulf-of-mexico/
They can legally halt lease sales. They can’t legally refuse to approve permits on leases they’ve already issued. Any prolonged refusal to approve permits on existing leases will be successfully challenged in court.
This is funny…
https://www.oedigital.com/news/484718-norway-to-award-arctic-offshore-drilling-permits-in-q2
Otay by me. Norwegian drilling and production practices are qualitatively better than ours. And Norway, unlike most CONUS producers, has actual cash in fist put back for asset retirements. As a practical matter, this will result in some seismic, and maybe a pilot well or 2.
If we regulated activities like the Norwegians, and actually enforced existing regs later, then I would also have no problem with future US leasing, After all, it is mostly goat pasture, at prices available for at least the next decade.
But for US leases, drilling obligations are more like guidelines, there is almost always a beg for royalty reduction sooner or later, and asset retirements are delayed for decades after the obligations become due, for [fill in the blank]. David’s committed truth about incremental economics pointing to shirking these obligations as long as possible – while you’ll never see them in SEC runs – still rings true.,
Too bad. Lease boni are quite lucrative for us. The bidders mostly get head up and overbid…
+42 for the Buckwheat reference, whether intentional or not… 🍻
Start calling yourself “Cranky Old Big Oil Bob”.
Okay, my question is just how much will this affect the CO2 volume in the atmosphere and -wait for it! – send us back into a mini ice age?
Just askin’, since CO2 is The Enemy of the Whole Planet and keeps heat trapped in the atmosphere…. or something like that. 🙂
Are we doomed to suffocate from an overheated planet or doomed to figure out how to chop the ice off the road to the grocery store? And what if losing CO2 volume makes it nearly impossible to grow plants for food? Oh, noes!!!
You’ll need to bring a chainsaw to cut through the ice covering the store doorway first, if you want to enter it that is
.
.If you really did have anything to do with US drilling..
… that is almost certainly true. !
You seem to be pretty much a “lowest standard possible” sort of person..
ie a far leftist apologist..
“…They can’t legally refuse to approve permits on leases they’ve already issued….” they cancelled the Keystone pipeline permit that was already issued….They don’t agree with you….
They can’t legally do this. They have illegally done so in the past, during the Deepwater Horizon drilling moratorium and subsequent “permit-toriam”. Leases are legally binding contracts. The Keystone XL permit was expressly subject to being cancelled at the sole discretion of the president.
https://fas.org/sgp/crs/misc/IN11445.pdf
Hopefully TC Energy and Alberta will sue the schist out of the US for this… But Biden did have the lawful authority to revoke the permit.
Did they provide an environmental assessment with respect the of impact of shutting down the line?
They didn’t have to.
Here’s the relevant passage from the actual order…
https://www.doi.gov/pressreleases/fact-sheet-interior-department-welcomes-day-one-executive-orders-restore-public-lands
They can mess them up with impossible environmental standards, say by setting methane levels lower than ambient.
If you think this is too ridiculous to be possible, in Australia farmers working the land have to keep dust below ambient dust levels – a straw on the back of Australian farming.
Sure thing. They will make permitting as difficult as they legally can. We’re already operating under the assumption that there won’t be any more lease sales over the duration of the Biden Idiocracy.
“They can’t legally refuse to approve permits”
From my observations over recent years, “legally” has no bearing on these actions.
“will be successfully challenged in court.”
The process is the punishment. Won’t matter if the producers don’t have anything left after fighting it for years, or if they just give up because it’s not worth the expense.
These dumbocrats and especially dementia Joe are just plain dangerous to the USA.
The US just swapped one nutter for another.
Keep control freak politicos out of
runningruining countries !In the UK our control freaks have driven most manufacturing to the far east, killed 1,000s by the inapt way they’ve acted over covid, they are putting more draconian laws on the statute books with little or no scrutiny (the ‘opposition’ just rubber stamps everything).
But just wait until the next election …
we’ll vote the same thieving crooks back in !!
What Trump policy did you find nutty?
Trump didn’t suffer fools gladly, and was quite willing to call them on it.
There are lots of people who find a politician who tells the truth to be nutty.
I didn’t say the policy’s were nutty (although some probably were), Trump is nutty.
He’s a narcissistic bully-boy who behaves like a petulant toddler,
It’s a shame he ( & team) had an opportunity to do good things, but he rarely engaged brain before operating mouth or twitter fingers. He should have spent more time ‘cleaning the swamp’ instead of grandstanding.
Trump has done climate skeptics some harm as the lukewarmers now say “Ah Trump was a climate skeptic,so all skeptics are wrong, Attenborough & Greta must be right“
I’m so sorry his tweets hurt your feelings.
maybe you could spend a few moments researching the rules/regulations he did get through and the ones he got tossed out.
His tweets didn’t hurt my feelings …
but they did ultimately put Biden in the
whorehousewhite house & that’s given the warmists another 4yrs of running the AGW scam … bit of an own goal .Mr Mann will be polishing his no-balls prize !
In UK there is no one else to vote for, we are as stuffed as America
Come back Guy Fawkes, all is forgiven !!
I don’t understand this, how does Biden or anyone else profit from this? The beneficiaries of this kind of action are foreign oil companies right? Any oil company whose business sin’t hurt by this. I read a lot how Biden took bribes from here and there, I don’t recall Biden being accused of taking Bribes from foreign oil companies? I mean, I totally don’t see where this is going?
There are many ways for insiders to make enormous sums of money manipulating markets. Remember the Obama era assault on for profit schools? We know that some of the Obama minions bought up assets of those entities cheaply. I have no idea if they made lots of money doing so, and I don’t know that people similarly positioned plan to use this order, but I am telling you the politicians are the ultimate insiders.
Watch Michelle Stirling The Last Time I was in Paris Friends of Science. Might answer a few questions for you
You seriously don’t remember Biden’s son taking millions from the Ukrainians and the Chinese? And some of it went to “the big guy”? Yes, Biden is beholden to all of them, and they know it.
The best thing to happen in the US is to be energy independent. By the day after tomorrow, we won’t be any more.
Also remember Hillary Clinton’s ‘cash for access’ – same thing the Biden’s have been doing since he was a senator. And if anyone thinks that Obama wasn’t aware of what his VP and Secretary of State were up to I think you are probably delusional. I will stop short of suggesting that Obama was involved directly or was taking a cut, but he must have been aware.
This is part of the payback on the debt Joe owes to many Left wing constituencies, in this instance the environmentalists, climate alarmists and native American activists. That’s why all these Progressive “justice/equity/diversity” EOs went out the first day.
Can’t have anyone upset early on that he didn’t come thru for them.
It’s not just foreign oil companies that benefit, it’s countries as well. Especially China and Russia.
If someone was corrupt, they could profit from Special need exemptions.
My wife went to the grocery store today and they were out of eggs. What gives?
Chickens went on strike…
They were laid off….
They obviously crossed the road.
They went through the fence to the neighbor’s yard!
what gives?
well…not the hens…
These aren’t just oil and gas industry jobs at peril. Any state deriving a substantial portion of its tax revenue from royalties or severance taxes will have to make adjustments. It is a good bet that the budget cuts will eventually include education, perhaps even university faculty, and, heaven forbid, administrators and staff. The effects will eventually touch every state and industry.
What do Sleepy Joe, Commiela, Schumer, Pelosi, AOC; and their congress of flying baboons think will be the effect upon the Earth’s climate after all their climate crisis-mitigating policies have been fully implemented?
Griffie-poo, Loy’doh, Slimon, Nyholist, thrill us with your acumen.
Wrong question. The question should be: “What will the effect be on the citizenry if these buffoons are successful in turning all energy production over to unreliables when temperatures go down?” The death toll will make the covid deaths look like a mild flu season.
We won’t know. It seems that COVID-19 is no longer a problem…
https://townhall.com/tipsheet/leahbarkoukis/2021/01/21/cnns-covid-death-count-is-gone-n2583502
How is it that people don’t see how blatantly political this stuff is?
Oh we do. It’s worse than you think to coin a phrase. It’s best to ignore most of the obvious bias though, unless it gets so blatant that it’s simply impossible to ignore.
Whatever they think, they don’t care. And Richard is right–the question really is not so benign.
Of course, Biden is off to a great start–promises only to do as well on vaccines as the Trump administration was already doing, snipes at the reporter who asks about the vaccine goals, forgets to wear a mask on federal property because he has more important things to think about (What? he can’t walk and chew gum at the same time?), gets into a spat with the Catholic church over his position on abortion (although they should not be shocked or surprised), throws 11,000 oil field workers out of work…. And that is only a day and a half.
We should be in for fun times.
Should do wonders for all those suffering from covid when they can’t afford anything.
Big Joe must own some oil stock.
Comment vanishes:
Shutting down the oil and gas industry does not just imperil direct oil and gas jobs. Revenue from severance tax and royalties funds many government operations, and so, eventually even teachers, and those professors at university could be affected.
Artificially raising the cost of petroleum and natural gas in this country will have impact on the price of a huge range of products from asphalt to zip ties. People simply do not fathom the penetration of fossil hydrocarbons into every segment of the economy.
The only thing worse than having children operate as emotional environmental spokespeople, is letting children run energy policy.
The Chinese, Ukrainians and Russians are getting a return on their investment. Who would have expected otherwise?
It’s more like Iran, Venezuela, Russia, and China — acting through Valerie Jarrett and Joe Biden himself — have suspended Federal oil and gas permits.
When is the National Park Service going to resume indoctrinating children?
A ban on fracking is next.
No need. It’s a hot house flower, dying on it’s own….
It really is fascinating how you actually think your fantasies are real.
Please lead me to a US shale producer that is worth more than a fraction of it’s 2013 market cap. Please lead me to a US oilfield services company that is worth more than a faction of it’s 2013 market cap. Please lead me to a US shale producer or a US oilfield service company that has a CAPEX budget more than a small fraction of its 2013 CAPEX budget.
Please search for frac hits. Please search for shale well to shale well competitive drainage. Please search for oilfield employment statistics in any of the US shale producing states. Surrender YOUR fantasies….
2010-2014 ~$90/bbl average WTI price.
2015-2020 ~$50/bbl average WTI price.
Math sucks sometimes.
I see bugoilboob still can’t tell the difference between cause and effect.
Frakking causes a big increase in oil production.
A big increase in oil production causes a slump in oil prices.
A slump in oil prices causes a slow down in drilling, including frakking.
BugOilBoob declares that the slump in frakking is proof that frakking is a money losing proposition.
We both read the same posts and yet we came away with 2 different conclusions. Fracking is an expensive way of extracting oil – anybody who tries to do it when the price of oil is lower than the price you need to sell it at to achieve a minimum of profit will lose money. If the price of oil goes above that level, fracking becomes profitable again. Cheap oil is the enemy of fracking – no getting around that, I’m afraid.
Thank you Richard. You nailed it. I’m actually a big fan, when done correctly.
Not current US practices, to any significant extent.
Watch shale frac progress in the mideast. The under reported Saudi campaign has the potential to replace lots of oil burning with shale gas. And, even with an endless supply of $300/month indenturees, they won’t succeed without quite a few US oilfield service workers, along with US E&P engineers and on site company women/men.
You said what I did, using different words.
Yes I used the right words, in the right order. Yours came across garbled and making entirely the wrong point.
The point being that because of frakking, the cost of oil is low.
Because the cost of oil is low, frakking is no longer profitable.
BoB believes this proves that frakking is always uneconomical.
Nothing garbled about that at all.
The assaults on rural America are back in vogue.
He and Kamala said they were not going to ban fracking. Didn’t they do just that?
No… They can’t ban frac’ing. They can just make it even more difficult to operate on federal leases.
literal ban vs. practical ban – make it impractical, it’s as good as a ban.
We’re expecting that. The assumptions were that there would be no lease sales and permitting would become as difficult as they could legally make it over the duration of the Harris-Biden Dominion. However, I wouldn’t be surprised if they impose illegal restrictions.
You expect a progressive to tell the truth?
Banned “only on federal lands.”
As US oil production declines, Joe Biden will appoint an oil czar to ensure adequate supplies from Saudi Arabia, etc. during the transition.
The czar…?
Hunter Biden
You mean Hunter is going to replace Jared Kushner?
It would be nice, if for once you wouldn’t let your hatred of those who are more successful than you are, ruin everything you have to say.
Who says Jared is “more successful?” He isn’t, his daddy was rich.
Ah yes, the classic whine of the loser. The only reason why anyone is better than you is because they had unfair advantages.
Well, my father wasn’t rich, and my father wan’t a convicted felon. I earned what I have, it wasn’t inherited. GFY
Yup, whine, whine, whine.
PS….your twice impeached, election loser, failed businessman, reality TV star also made his fortune by inheritance.
So much hatred, so little actual reality.
Twice impeached, so what. Both based on lies, much like you.
He’s won more elections than you have.
He’s failed a few times, he’s made multiple fortunes. Once again, so what? When you take risks, sometimes you lose. On the other hand we have you, who has never taken any risks and are still a big loser.
Everything he has he inherited? Really? Hatred rots the mind, not that you ever had one to begin with.
Everything he has came from his inheritance, and in fact he has less now than when his daddy died. He’s facing some real big loans coming due. His biggest loss was the election.
Like most socialists, 456 can’t handle complex subjects. Trump has been rich, and gone through bankruptcies, then got rich again.
The idea that everything he has came from his father is something so stupid that only someone who has let hatred corrode his higher brain functions could come up with.
Impeachment was PURELY dumbocrat HATRED..
Nothing proven , just more dumbcrat LIES and CONS
And mindless muppets like you fall for it.
If he’s a failed businessman, how can he have made his fortune, he’d be penniless? If he inherited his money, how can he have made his own fortune? What you write is inconsistent and contradictory. I’m guessing you really haven’t thought this through, have you?
He never made a fortune. He inherited the fortune. Pretty simple really.
A few posts above this you say he MADE his fortune – in fact you’ve said that at least twice in this conversation. Now you’re contradicting what you wrote earlier – I’m not making this up, I’m just repeating your own words back to you. You are not making sense, your posts are inconsistent and contradictory.
Wrong, wrong, wrong yet again. His fortunes rose and fell. He remade fortunes, libetard.
If he went through bankruptcy, then by definition the next fortune he made was made on his own. He didn’t inherit it.
Once again, the socialist demonstrates that he believes he’s entitled to his own facts. Trump took what he got from his father and multiplied it many times over.
Who got the Middle East countries to come together, idiot?
Israel and Saudi Arabia have been working together for several years now behind the scenes. The moment it became obvious was around 2015 to those who were watching. The kerfuffle around the President of Palestine fleeing to Saudi Arabia and the response of both Israel and the Saudi’s was atypical yet similar, indicating a partnership. I’m guessing that the public acknowledgement was payment due for Trump’s moving the US embassy to Jerusalem.
Now, as to that ‘idiot’ insult you added to the end of the post, how about removing it now that you know it cuts both ways?
Whose email is that, that you keep posting on public forums so that spammers can harvest it?
“It would be nice, if for once you wouldn’t let your hatred of those who are more successful than you are, ruin everything you have to say.” Time for a mirror Mr Kettle.
You have a lot of hate in your heart. I try teaching my kids about envy and jealousy.
He’s a socialist, hatred of success comes with the territory.
Indeed, hatred of those who have more than you do is one of the major reasons why people become socialists.
“I try teaching my kids about envy and jealousy.” Trump would be a good place to start then. Anyone who he perceives to be a threat he mocks and belittles like a jealous school boy.
It would only be fitting for The Huntster to do some work when awakens from sleeping in the Lincoln Bedroom at La Casa Blanca; currently protected by more soldiers than during any previous time war & located in the soon to be 51st state.
You have to wonder what his puppet-masters feel is the endgame.
It is really starting to feel like:
“The enemy is within the gates; it is with our own luxury, our own folly, our own criminality that we have to contend.”
― Marcus Tullius Cicero
Due process involved or just his royal majesty?
“…So what do you do if you are a soon to be unemployed fossil fuel worker? Biden has a plan – Biden thinks you should “learn to code”, get a job with a big tech company…”
Buttegieg said the thousands who will lose their jobs due to the Keystone XL permit cancellation will just have to get “different” jobs. Real thought and leadership there.
Biden signed 15 Executive Orders on his first day (and then had to have a long nap). Trump made a decision, had his staff work up a policy and order then signed them one a time to get action. Who believes Biden charged his not yet official staff to draft all these new orders before his first day in the Oval Office? Most likely he has not read them, would not understand the implications even if he had but simply signed away as his puppet masters demand. Welcome to the US deep state White House.
I” wonder if the folks who voted for Biden will have buyers remorse when gasoline prices and natural gas prices start rising.
Most of them will blame the increases on evil oil company executives and demand that the government nationalize the oil industry.
Remember Carter?
When the Arab oil embargo hit, they passed a law declaring that it was illegal to raise prices on existing oil wells. The long gas lines were the result of this law. The law and the lines were in effect until the law was repealed under Reagan.
It is highly unlikely most Democrats even remember that fiasco, much less learned any lessons from it.
Yeah, we’ll have climate change, that’s for sure. Just not sayin’ right now WHICH kind of climate will change. Depends on whether or not we can still cook with gas and have a refrigerator…. and a freezer…. and heat in the winter…. and so on.
I’m pretty sure Milankovitch will have some say in it too
Seen at the billboard of the OPEC cafeteria:
Under new management ! Get more bang for your payola! For “Honest Joe” Biden the highest bidder matters.
Here’s my question: if all carbon-based fuels were shut off everywhere and we had to use electricity to heat homes and cook food, how much CO2 would be lost in the atmosphere and how long would it be before the drastic loss of CO2 would:
A – shut off plant growth, which includes crops
B – make the atmosphere lose a significant heat load
and
C – change the weather systems drastically?
Roughly about 6% or less.
A- Never. Man made CO2 has no or negligible effect on plant growth. Transpiration/respiration from plants should sustain plant growth.
B – Never. Man made CO2 has no or negligible effect on atmospheric temperatures.
C – Never. Man made CO2 has no or negligible effect on natural weather systems.
It doesn’t matter whether we increase or decrease the amount of CO2 we humans release into the atmosphere, we will never be able to burn enough fossil fuels to significantly affect the climate.
Wrong on A. About half of the CO2 from fossil fuel burning remains in the atmosphere. About half has been used to increase plant life on earth, resulting in the observed increease of leaf area on earth.
How does a plant know which molecule to take up and which to leave in the atmosphere?
Plants prefer 12C over 13C. So they actually preferentially take up CO2 from fossil fuel emissions.
C12 isn’t just produced by fossil fuels as well you know. Fossil fuels release a mixture of both carbon isotopes as do plants. One of the big problems has been that you cannot identify what isotope has been released by what method – there is no fossil fuel ‘fingerprint’ in the different carbon isotopes.
Sorry should have read “all 3 isotopes” as, of course, C12, C13 and C14 are released by both plants and plant-based fossil fuels. C13 and C14 naturally decay to the lighter isotopes in the atmosphere, eventually decaying to C12 over a period of time.
Fossil fuels have almost no 14C. 13C is a stable isotope; it doesn’t decay.
(‰)
(‰)
https://www.esrl.noaa.gov/gmd/outreach/isotopes/mixing.html
Fossil fuels (-28‰) are more depleted in 13C than the atmosphere (-8‰) and oceans (-10‰)
If half of the CO2 emitted by fossil fuel combustion was still in the atmosphere, the observed δ13C depletion would have been greater. The average δ13C of the terrestrial biosphere (-26‰) is about the same as the average δ13C of fossil fuels (-28‰).
Over the past 200 years the δ13C of the atmosphere has dropped from about -6.5‰ to about -8‰. Over that same time period atmospheric CO2 has risen from about 277 to 410 ppm. It all 133 ppm of additional CO2 came from fossil fuels, the δ13C would be about -13‰. Cumulative CO2 emissions over that time period have been equivalent to about 220 ppm. So, most of the 12CO2 we’ve emitted has been taken up by plants.
Apologies – not sure how I missed C13 being a stable isotope although I did note that C13 can be converted into C14 in a natural process and most of the C14 in the atmosphere today is ‘bomb’ C14 – created during atomic testing. Interesting that. So your point is either A – we’ve released a lot of CO2 from fossil fuels and about half has been taken up by plants or B – we’ve released less fossil fuels and relatively little has been taken up by plants. I admit I may have missed a point where you prove that the amount of fossil fuel CO2 released is greater than I obviously think it is.
The problem with trying to determine exactly how much of the atmospheric CO2 is from fossil fuels, is that we just don’t know enough about all of the natural sources, sinks and exchange processes. We’ve emitted more than enough to cover the rise… But the δ13C change indicates that most of those emissions didn’t stay in the atmosphere.
Maybe. The problem I have with that calculation is twofold – first, the alarmist message is that CO2 stays in the atmosphere for hundreds of years so presumably they can keep the sums simple- if they had to calculate the rate of C13 in the atmosphere vs fossil fuels on a faster turnaround of CO2, say one or a few years then the calculations would get hideously complex. Secondly the calculation assumes a simple relationship between plant and fossil fuel C13. However if, as alarmists would have us believe, fossil fuel emissions were at a lowish rate up until the 40’s or so then took off like a rocket then most of the fossil fuel emitted C12 can only have been taken up after this point which probably skews the numbers and anyway doesn’t give you a constant, linear progression on fossil fuel C13 ratios. Or am I grossly overcomplicating what should be a relatively simple relationship calculation?
It is complicated. However, we do know that we’ve moved a fair bit of carbon from geologic sequestration into the active carbon cycle mostly in the form of CO2. We have increased the total pool being exchanged. We don’t know how long that CO2 will remain in the active cycle… Could be decades to 100’s of thousands of years. That said, the atmospheric residence time of individual molecules is probably less than 5 years.
Reducing CO2 emissions over the long-term is a smart thing to do. However, it appears that the climate sensitivity to CO2 is very low… So there is no climate crisis/emergency.
Hmm. That last bit need not be said – having seen the long discussions on climate sensitivity I’m aware of some of the issues and I do realise the climate emergency is a non event. I am fascinated by the nuts and bolts of the processes though. If this hadn’t come up I wouldn’t have realised that C14 actually decays into N14 and cosmic rays hitting the top of the atmosphere can convert N14 into C14. Thanks again for the info David.
Sorry ignore the last entry – I’m obviously tired and rambling – tried to edit it and just fell outside the time limit. David- thank you, I think I do understand the issues a lot clearer after you spent some time explaining it. Estimated CO2 emissions should be much higher but if they were then C13 values in atmospheric CO2 should be far lower. We’re missing something somewhere along the line. Maybe.
We’re probably missing a lot of pieces of the puzzle.
“Plants prefer C12 over C13” Really? Or is it that C12 makes up over 98% of the CO2 so is just more commonly taken up? Not sure of that one.
“Prefer” wasn’t the best word to use… The plants aren’t actually making a choice.
https://www.esrl.noaa.gov/gmd/education/isotopes/stable.html
Yep. Got it. Photosynthesis discriminates against C13 over C12 in most or all plants but at a slightly different rate depending on the plant.
Actually probably not – warmth will encourage plant growth as well as CO2, as will water. The observed increase in greening may well be a response to a natural increase in temperatures preceding CO2 increase. I still stand by my answer.
Numerous studies showing that higher CO2 levels boost plant growth are out there.
Greenhouse operators often boost CO2 levels to 1000 to 1200ppm in order to boost growth.
I don’t disagree with you, it’s just that there are other ways of increasing plant growth apart from carbon dioxide. The difference between us is that I think that only a small increase in man-made CO2 has occurred, (incapable of causing that amount of greening on its own) and you seem to think that huge amounts of CO2 have been released, causing all of the greening. Not a huge difference really, just a matter of degree.
As others have pointed out, if the amount of CO2 that was generated by all the fossil fuels that have been burnt, had stayed in the atmosphere, the rise in CO2 concentrations would have been 2 to 3 times greater than what has been seen.
I’m willing to follow the data to where ever it leads.
If the increase in CO2 didn’t come from burning fossil fuels, where did it come from? It didn’t come from the oceans, even the IPCC is only claiming that they have warmed less than 0.01C over the last 60 or 70 years.
If you believe it came from increased volcanism, please id the volcanoes, also explain why the slope is so steady.
Even if you believe all that about CO2 affecting climate, Biden’s efforts will have no measurable effect on global climate. His efforts will most likely have a negative effect on the economy especially for working class Americans.
The US Federal government, under the Biden presidency, is going to be spending money like there is no tomorrow, yet at the same time COVID-19 pandemic effects have greatly reduced the amount of tax revenue that it will be collecting for CY2020 and 2021.
So what does financial “science” say should be one of the very last things the government should do under these conditions: eliminate revenue from the sale of oil and gas permits (and the associated royalty payments it can obtain from active production from those lands).
Good ol’ Joe . . . always promising to follow the science, then simply ignoring those very same promises.
Oh, yeah, let’s also stimulate the US economic recovery by choking down two of its major home-sourced resources: oil and gas . . . yeah, Joe, that’s the ticket! /sarc off
The people who run Biden believe that government spending is good for the economy, and that more spending is always better.
Remind me again who it is who has just run up record national debt?
One has to be willfully ignorant to continue to believe that we are not living through some kind of left leaning attempt at global economic destabilisation to bring in a new world order. The attacks on Western economies have been relentless. Fossil fuel based industry has created the biggest relief from drudgery and servitude in the history of humanity and it is relentlessly attacked for reasons of fake influence on slight and highly beneficial global warming. Fake concerns about the miracle fabrication and food packaging material plastic, are wasting untold fortunes on sorting plastic to landfill it. The second in a series of fake epidemics managed by left leaning useful idiots in WHO have driven the world economy into collapse through massive wealth redistribution via worthless PCR tests, unnecessary vaccines and crippling lockdowns. China continues to tie up resources around the world unchallenged and unhindered by even the faintest adherence to global warming ideology. American elections are massively interfered with by social media monopolies threatened by antitrust action and the MSM turns a blind eye to that and massive other election irregularities. Fake science about the effects of farming on the Great Barrier reef and on species extinctions threaten an agricultural industry that possibly in the only time in human history has driven the wolf of starvation from the door. Massive movement of production to China has crippled Western economies and the MSM is uninterested. MSM has become wholly unreliable, looking more like Pravda from the bad old days of the Soviet empire with the vast majority of people no longer trusting them and their ill concealed goal of sowing confusion. Western Civilisation is under an extremely well funded and well organised attack to destroy our economy so that a new, left leaning global tyranny can assume control. Before the Covid made it crystal clear how easy it is to strip people of their rights and rationality, I would have called myself misguided but now I am a full blown conspiracy theorist and anybody unwilling to entertain the idea of a global conspiracy should read the up on the history of left wing revolution as do gooders have crippled one state after another in their miserable legacy of treachery and incompetence
Sometime around $4.00 gasoline, the peasants will break out the pitchforks.
I remember paying $4.50 when I moved cross-country in 2008, no pitchforks then.
Maybe around $10.
Let’s be positive about this Biden insanity. At least they are actually doing what they said they would do, rather than simply promising to do things people would like them to do.
This may be a step in the right (in both senses of the word) direction by the Dems. People who voted for them can’t now say oh,. we didn’t think you meant our jobs, and our incomes or our investments would be sacrificed on your alter of climate nonsense
The easy option for the oil companies, is to stop supply into state agencies of all fuels that are now considered (by the Dems) to be counter to national security. A cold unheated White House and a freezing Capitol building, might focus minds into some rational thinking..
Here’s to hoping.
So, where is the GOP sponsored bill that would overturn Biteme’s EOs? To say they don’t have enough votes is not good enough. My observation is that there are plenty of warmists in the GOP.
$10 gas sells a lot more electrics. Energy independence is achievable solely by energy poverty. And the environment is just an excuse we use to do what we want.
“Biden has launched a full frontal assault on the USA’s oil and gas jobs, while he investigates the impact of US domestic energy independence on climate change.”
Really. What kind of an investigation will there really be?
Texas remembered. Pennsylvania did not.
The dead people who voted in Philadelphia don’t need oil & gas… 😉
Science, real science, has nothing to do with his decision. Follow the money.
I concur, over half of amerikans are delusional, and the other half of amerikans are socialist scum. Meanwhile, real Americans, not the cardboard cut outs, the paper ballots , know the score !!
Biden will bankrupt America and the world if he is successful in closing all fossil fuels. The costs of wind and solar are through the roof and on up to heaven !!! Complete nonsense and if you do basic research you will find they don’t work. Read a website STOP THESE THINGS to see how they are going in Australia. Constant blackouts and no electricity to heat or cool homes. This is not progress for humanity. https://www.youtube.com/watch?v=2zPNgt2GWwg&t=5s
War for oil incoming
Even if one believes that CO2 affects climate even though there is no real evidence of it, Biden’s actions will have no measurable effect on global climate but will have adverse effects on the economy. Biden’s actions will hurt the economy primarily for working class Americans.If Biden really wants to significantly conserve on the use of fossil fuels then he should bet behind an effort to replace ageing fossil fuel plants with nuclear power plants.
You guys still don’t get it ?? Biden, and the demokratz party, wants you dependent on them, totally. And after they fix the prices at $7 a gallon, they will offer you a $ 1dollar, demokratz government discount . Then the media will praise the graciousness of your rulers !!
Well…we went from geniuses to,..hum…I lost my train of thought…ugh.
Au Contrair, Biden Stomps out Federal Oil and Gas Permits because it promotes independence, and monetary wealth, to the people, that know, he’s full of shit ,
On the brighter side, that oil and gas will still be there in the ground when the liberals get tired of freezing in the dark and decide it’s OK to bring it up.
It will start the destruction of our economy. That’s what the cabal wants – destroy economies, create fighting/friction inside our nation (all nations), and create endless wars. The triad! It’s infected all parts of our society.
The stay home executive orders to minimize commuting to and from school and work will fix the climate problem and the pandemic.