Guest “we told you so” by David Middleton
This is not related to the 60-day procedural mortarium currently in place.
While this is based on anonymous sources, I did hear rumors of something even worse than this on Friday, and it’s inline with what we were expecting… (For readers who don’t know, I am a petroleum geologist/geophysicist and have been working the Federal waters of the Gulf of Mexico since 1988).
Biden prepares to end new oil and coal leases on federal land
By JENNIFER A. DLOUHY AND ARI NATTER on 1/21/2021WASHINGTON (Bloomberg) –President Joe Biden is poised to suspend the sale of oil and gas leases on federal land, which accounts for about a tenth of U.S. supplies, according to four people familiar with the matter.
The moratorium, which would also freeze coal leasing, is set to be unveiled along with a raft of other climate policies next week, according to the people, who asked for anonymity to discuss plans not yet public. The moratorium is separate from a 60-day leasing and permitting pause ordered Wednesday, two people said.
The move would block the sale of new mining and drilling rights across some 700 million acres of federal land. It could also block offshore oil and gas leasing, though details are still being developed, some of the people said.
Spokesmen for the White House and Interior Department, which overseas leasing on federal land, declined to comment.
[…]
Oil industry leaders and politicians from the Western U.S. have warned the move could harm some local economies where drilling and mining flourishes — while crippling U.S. energy production to the detriment of American consumers. The Western Energy Alliance, which battled Obama-era rules targeting oil drilling, has vowed to immediately go to court to challenge any leasing ban.
“Blocking American companies from accessing our country’s natural resources is bad for American jobs, bad for state budgets and bad for national security. It also raises serious legal concerns,” said Anne Bradbury, chief executive of the American Exploration and Production Council.
Federal lands and waters together accounted for 22% of total U.S. oil production and 12% of U.S. natural gas production in 2019, according to the Energy Information Administration. Onshore federal lands provide about 8% of the nation’s oil and 9% of its natural gas, according to the Bureau of Land Management. Data for 2020 are not yet available.
[…]
Oil industry advocates argue that drilling blockades do nothing to stifle emissions — just shift that crude production elsewhere. “The world is still going to need natural gas and oil under any scenario for a long time,” said Dan Naatz, senior vice president with the Independent Petroleum Association of America. “A leasing ban is just going to ship that production to Saudi Arabia, to Russia, where there are far less stringent environmental controls.”
[…]
World Oil
While idiotic, such a move might actually be legal and would be far less damaging than a totally illegal refusal to approve permits for existing leases. It would simply result in the US importing about 1 million bbl/d more from Saudi Arabia, Russia and Iran by the end of this decade.
It would also kill about 500,000 jobs on top of the up to 70,000 jobs Biden killed the day he was installed into office.
Sen. Ted Cruz (R-TX) confronted Secretary of Transportation nominee Pete Buttigieg over the Keystone XL decision on Thursday morning, during Buttigieg’s confirmation hearing. If the administration was serious about infrastructure, Cruz asked, why was it killing an infrastructure project with “good, paying union jobs”?
When Buttigieg said the idea was that “net” jobs created in more climate-friendly industries would be positive, Cruz retorted that that was little comfort to the Keystone XL workers who were being laid off: “So for those workers, the answer is somebody else will get a job?”
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Due process?
Thang of the past?
I think that is the required quote – “So for all those workers, the answer is somebody else will get a job” Presumably those ‘somebodies’ will be from areas that vote the Democrat way?
It’s more likely that the ‘somebodies’ will not even be Americans.
And the job they get will be a government job, further pushing socialism along.
It’s more likely no one will get new jobs.
It is possible some jobs will simply go away. Maybe a hard lesson in opportunity costs is about to be inflicted on people. There is such a thing as spending so stupid it doesn’t come close to returning anywhere near the first costs.
But we can rely on Renewables to replace all this lost energy production. The Oak Ridge National Lab reported that there is well over 1 billion tons of biomass just waiting to be converted into fuels. Isn’t that just great. Except that no NGO will allow use of Federal Forests for producing biofuels, so again, Stailmate!
Stalemate!, Sorry
Stalinmate…
You just have not seen anything yet, wait until HUNTER starts work !!!!
https://www.energy.gov/eere/bioenergy/2016-billion-ton-report
All they need now are matches
It’s ironic that one of the things that literally saved Obama was fracking. Had oil & gas prices continued to climb and gasoline stayed at or above $4/gallon during Obama’s term, non-red state America might not have retained as favorable view of him. Biden clearly doesn’t get that, and his handlers don’t even care.
When you have a well oiled election machinery in some key places, you don’t need cheap gas or actually court the electorate, as you know the votes will keep coming.
Up to a point.
The race is on for Democrat-Marxists to secure a California-like hold on elections, forcing voter law changes on Red States to enable permanent mail-in ballots with ballot harvesting provisions (just like Cal).
They’ve got Communist Bernie running the Senate Finance committee ready to start doling out cash to buy votes from 51% with much higher taxes for those actually working to pay for it. Democrats fully intend to put the US on Venezuela like path to ruin via socialism poison pills in order to secure their hold on power just as Hugo Chavez did.
They also want to outlaw all forms of voter ID, as well as block any attempts to remove dead or otherwise invalid voters from voter rolls.
All correct Joel.
Energy and Climate are my core areas of expertise.
Anyone who promotes grid-connected green energy frauds like intermittent wind and solar power is engaged in a Jonestown mass-suicide strategy – for the economy and the people.
Grid-connected green energy is not green and produces little useful (“dispatchable”) energy. I published that conclusion in 2002 and it has not changed.
You gave me an idea for a new description — Demarxists.
As Mark Steyn like to point out, from this point forward in order to win Republicans will have to win beyond any “margin of lawyer”. That standard clearly was not met this time around. Voter fraud as the Democrats have been diligently implementing can only work to a certain degree. I think a doubling of electricity, natural gas and gasoline prices would be enough to do that.
JtE, crude oil and natural gas are fungible commodities, meaning that US supplies of such can be relatively easily replaced by those from other countries that are available on the world markets. Of course, doing this means the prices for oil and natural gas—and consequently prices for products derived from these raw stocks—will rise for US industries and consumers, and simultaneously the economic security of the US will decrease.
As sure as night follows day.
In line with your own conclusion, Biden clearly doesn’t get that, and his handlers don’t even care.
Putin thanks you, Hezbollah thanks you, Maduro thanks you, and Goldman Sachs and other traders thank you. Welcome back to the Jimmy Carter Era of determined energy policy stupidity. Stay tuned for the “who could have known” excuse to follow later.
Dear Mr. ResourceGuy,
You have forgotten China from your list. Mr. Biden and the dem´s reduce now the time to take over the world leadership by China at least by 10 years. And completely free of charge for China.
Oh no, they paid good money for Joe, they’re just finally getting a return on their investment
The Iranian Ayatollah thanks Dementia-ridden Joe Biden, in between his chants of “Death to America.”
Oddly enough, Twitter doesn’t believe that the Ayatollah’s death to America/Israel sermons constitute a threat of violence, therefore they are allowed to remain.
Anything said by Trump on the other hand …
When Trump reinvigorated America’s fossil fuel industry the economic affect was massive and instantaneous and it carried through, as it should, with all business and manufacturing creating jobs for those who needed it the most. Add the loss of this industry to the great loss of small businesses caused by #19 and the USA is headed for recession, if not depression. There won’t be money available to buy all those Chinese goods being manufactured for 1/3 of their exports. We won’t have to stop buying ‘made in China’ it will stop on its’ own and despite all the promises from the current administration there’s nothing they can do to change that. Schadenfreude.
Funny how “the more climate friendly industries” always need lots of fossil fuels to operate.
It means Texas is going to grow faster than ever as industry re-locates there, since the Feds have zero control over oil and gas leases on Texas land. Offshore though is another matter.
Texas and gulf states have good port resources, like Australia with good coast ports, close to resources and production facilities. Guard them well, USA, our mutual marxists are trying to kill them, and they think they have it done with the masked fraud.
You know what this means don’t you?…………………It means Putin just found more investors for Arctic oil projects and large pipelines. What goes around comes around in this global oil market.
New Mexico state inhabitants voted for president Biden* in sufficient numbers to give it’s 5 electoral votes for him. The state had good use for their 50% of the monetary royalties collected from drilling on federal land there. Not only does that revenue pay for a significant part of the state operating budget, but an estimate of 100,000 NewMexico jobs has been attributed as directly & indirectly related to that activity on federal land.
What did P. T. Barnum say about suckers?
Probably not what you’re implying. https://medium.com/skeptikai/the-real-story-behind-the-quote-theres-a-sucker-born-every-minute-1db9a7220d34
NM social costs will go up while the revenues falter and trust fund earnings stay flat or down.
gringojay,
I like the asterisk! Do you have any idea of what the election fraud was in NM that the Trump legal team was talking about? The evidence from Georgia and Pennsylvania seemed obvious enough for a blind man to find but the MSM missed it; surprise, surprise!
I didn’t see a lot of Biden signs up my way, but his supporters might have felt nervous with so many ranchers and hunters around! And those folks are not going to be happy to see the price of diesel skyrocketing or a possible tax on mileage either!
I have not followed state vote counting closely, mostly noting when a state had challenges being attempted, so have no answer to your question. I’m only 8 years younger than president Biden* & have had the unsatisfying opportunity to see his entire political career.
Governor “Wuhan” Lujan is clearly worried about this, and is telling Dementia Joe to give NM an exemption from this lease moratorium. A state exemption for NM alone would probably be unconstitutional though, as it would violate the long established Doctrine of Equality Between States.
https://www.law.cornell.edu/constitution-conan/article-4/section-3/clause-1
All states have to be treated equally, when they aren’t courts have required compelling reason under the constitution
So any-which-way under the Green Raw Deal, lawyers will make out like bandits as court dockets are clogged with challenges.
Actions have consequences.
Renewables will not work as proven by Germany, Aus, California, UK. Cutting the fuel for transportation, heating, power generation that will depress the economy. A positive step (SARC) for the future. Third world economy here we go.. Plus all the fossil fuel needed to build, transport, interconnect the totally unreliable Green Energy disaster. The UK is proving it doesn’t work. No wind, no sun, NO POWER !!!!!!!!!!!!!!
biomass works- renewable and baseload provider
Works – just like taxation for socialists – until it runs out! I fail to see how cutting down mature forests TO BURN is ‘ecological’!
Nobody is cutting down mature forests to burn them. It’s all about forest mgt. which includes producing all sorts of wood products. It’s a by-product of forestry. Do your homework. I presume from what you say that you don’t live in a wood home, with wood furniture, with paper products. Good forestry produces them and can produce energy. As I’ve mentioned elsewhere, not all logging is good forestry- so the solution is to make it all good, not stop forestry and certainly not stop the production of energy from wood- otherwise, you leave the forest loaded with “junk wood”.
Yep… We actually generate more energy from biomass now than we did when we started burning coal. Of course back then, forest management was unheard of and a fair bit of the biomass was from whales.
There was never a “transition” from biomass to fossil fuels… Just like there won’t be a transition from fossil fuels to renewables… We will just stack new sources of energy on top of the old ones, while using all of them more and more efficiently.
Are you really this deluded?! It takes far longer to “grow” whatever “biomass” you want to discuss than it does to “burn” it. It is therefore going to result in net deforestation irrespective of the “forest management” practices, unless the “solution” is stone age living without energy.
If it takes trees n years to grow to harvestable maturity and you cut and replant (1/n) of your forest each year, then obviously it can be renewable.
That’s not to say it’s a good idea compared to just continuing to burn fossil fuels, but considering the circumstances in western forests with wildfires due to decades of misguided policy, there may be a reasonable case for considering this.
At least get some value out of the materials that need to be removed in order to reduce the fire risk. I’m sure that the cost of transporting the biomass will not be cost-competitive with fossil fuel, (and will require a lot of fossil fuel), but as an offset to a cost that has to be paid in any case, it may make sense.
I’d prefer to see limited areas turned into tree farms surrounding a biomass power plant than to have hideous bird choppers on every hill and mountain in the wilderness, or to have hundreds of acres of solar panels replace forest.
But of course I agree that it’s not preferable to fossil fuels.
Some back-of-the-envelope calculations:
At say 20MJ/kg heat content of wood, a 100MW biomass plant operating with 30% efficiency and 90% up-time will require (100MJ/s x 3600 s/hr x 24 hr/day x 365 days/yr x 0.9) / (0.3 x 20MJ/kg x 1000kg/ton)
= 473,040 (metric) tons of wood/yr.
If we get 200 tons/hectare, and it takes 20 years to reach harvestable maturity, then you would need 47,304 hectares (116,890 acres) of forest to maintain a sustainable 100MW power plant.
That’s a square lot of about 22km on a side (13.5 miles)
Compare that to the footprint of a 2GW nuclear plant that produces 20 times as much power.
The US produces about 4.1e9 MW-h/yr of electricity.
4.1e9 MW-h/yr / (24 hrs/day x 365 days/yr x 100MW/biomass plant x 0.9)
= 5,200 biomass plants to supply all US electricity requirements
That would require 2.5 million sq km of forest (0.95 million sq mi).
There are about 3.3 million sq km of forest in the US (including Alaska)
Maybe my numbers are off?
Doesn’t look like we can make that big of dent in our energy requirements burning wood sustainably, unless we want to devastate our forests and the wildlife that lives in them.
I suppose that the argument would be to use biomass only when there is not enough wind and solar to meet demand. But how dispatchable is biomass? And how much capacity would you need to truly cover the times when wind and solar are underproducing?
This also doesn’t consider the energy needed to harvest and chip or pelletize the wood. Maybe you can use some of the electricity that you generate to chip and pelletize the logs, and use the waste heat to help dry out the chips/pellets, but what about harvesting logs that are going to need to be transported up to 15km to your biomass plant, even if you locate it at the center of your forest? I think that you’re going to need a lot of fossil fuel for that.
Good luck to all of the extractive natural resource industries operating on federal leases, whether oil, gas, coal or (wait for it) metallic mining. I was a mining exploration geologist in Nevada during the Jimmy Carter years the the stupid moves his administration made were amazing, like don’t allow remote road repair and then declare the area to be a #roadless area”. This produced the Sagebrush Rebellion in Nevada, led, unofficially, by Dick Carver, a life-long Democrat. I have no idea what the Sagebrush Rebellion term for the ocean oil and gas leases?
I like the one where federal agencies in NV were not allowed to use their trucks and SUVs during the energy crisis for project work so they contracted with helicopter services to do their field work. There was no ban on jet fuel.
Ron
It is worse than that. I know of places with serviceable roads (at least jeep trails) where the areas were declared Wilderness Areas, and the existing roads were bulldozed closed. One of them had major potential for platinum group minerals, second only to the Stillwater Complex.
When the deep state installs a figurehead as president, they all know no one person is in charge. So their is a mad rush for all involved to get their favorite EO rushed thru.
They all have their favorite kickback lined up.
This country is in a world of shit….
And it rolls down hill.
In this case, it oozes.
“Need to save the environment” gets votes…..”need to heat peoples houses” not politically important unless you pay for your home heating bill and even then people don’t really like to send their money to energy companies. Win-win meme for statist-controlled-energy-industry folks.
This is going to be an interesting test for the Federal courts, including SCOTUS: whether they will apply their “Trumplaw” principles to Biden and hold Biden’s Keystone XL pipeline executive order to the test under the Administrative Procedure Act (as they did – wrongly, in my opinion – when Trump rescinded Obama’s DACA executive order) Biden just peremptorily revoked the permit that Trump had issued. Will they be consistent? We shall see.
Putting America 2nd.
Build Back Better
…for someone else
2nd? No way do they put America that high.
More like putting America LAST.
So, energy companies should halt all oil, gas & coal production/delivery for say a month, lets see how well a country runs on ‘green’ !!
There’s a part of me that does wish the producers in this country went all “Atlas Shrugged” but impossible without that Valley to escape to. Maybe Idaho? 😊
None of them have the courage to do it.
Last report/survey I saw on the subject was at least 65% of all Board of Directors at all companies considered themselves liberal democrats.
“Out of the abundance of caution”
You must live in a warm state. I’m 78 years old and live in northern Illinois. Cut my natural gas off for even a few days and it’s truly the end of days for me and my wife. Please don’t wish for the suffering of those who faithfully served their country for decades.
Yes, here in canada we have many pissed off and saying we should shut all the pipelines for a bit
But I think that just creates more enemies among those predisposed to friendliness
Pointless cutting off your nose to spite your face
David,
These idiots are bringing in hundreds of thousands of illegals while gutting the energy and manufacturing jobs that the Trump economy created! I’d say that US voters are going to be experiencing buyers remorse soon; but I don’t think that many legal Americans voted for the Man From Beijing: Chairman Xiden! At least I won’t be driving a lot as fuel prices start to climb!
Thanks for the recommendation of Allen Barra’s “Inventing Wyatt Earp!” I received it a few days ago and I’ve got to get it finished soon so I can get back to Jim Steele’s “Landscapes and Cycles.” That was one last Amazon binge before I cut off all Big Tech Nazi support and start frequenting used book stores!
When you delete amazon, make sure you do it correctly. Until you get an email confirming they have deleted all your personal data(sure) you still have a dormant account
Devil I just stopped using what I know. I stopped using Amazon and Google. I never used Twitter.
Sadly, I need my iPhone for my job.
“I’d say that US voters are going to be experiencing buyers remorse soon;”
Nope. They’ll blame everything that goes wrong, at any time, on Trump. Count on it.
The MSM urinalists will blame Trump, just like they blamed Bush II for every ill during the first 8 year Obama regime! During the second Obama regime the urinalists seem to be striving for an approval rate of less than zero!
At least forty some percent of the American populace approves of Trump and I believe that that will rise as the Xiden regime makes a mess of the US economy and they install their crazy new-Marxist social programs! What are the feminists going to do when they are cancelled for trying to protect girls from being drugged and maimed by the trans and pharmaceutical lobbies!?
Obama spent 8 years blaming everything bad on Bush. I would say the hatred of Trump would carry several times longer.
To be fair, Trump blamed everything on Obama. He was right much of the time.
Trudeau is still blaming the Conservative Harper after a term and a half. Now its for the screw ups in getting the vaccine. Apparently it is Harper’s fault we don’t have “domestic production”. However Serbia seems doing way better than Canada. Serbia produces vaccine? Didn’t know that.
” I’d say that US voters are going to be experiencing buyers remorse soon; but I don’t think that many legal Americans voted for the Man From Beijing: Chairman Xiden”
We didn’t vote this. It is being forced up on us by a corrupt minority. The same corrupt minority that wants you to do every thing their way. For your own good good of course. It’s the biggest up yours in history.
The WSJ, which I dumped late last year because I could no longer tolerate their woke news division and moderating policies, had an editorial board statment to this effect friday. Unfortunately most people cannot put two links together to start a chain of reasoning. The direct jobs in the petroleum industries generate an enormous number of other downstream jobs. I quizzed my 12 year-old daughter this morning about what various products are made from. She was stunned at how thoroughly hydrocarbons penetrate our lives.
Keeping energy dollars in the domestic economy when it expands is critical to keeping economiuc expansions going. When we became overly reliant on MidEast oil, economic boom cycles always went bust under expanding oil and gas demands as the rising oil prices siphoned off the dollars to the Sheiks to buy new 747’s and palaces.
We should have a continental energy strategy
Not this Willy-nilly idiocy
Quiz your 70 year old Democrat-they’d be stunned too. Believe me I know.
First Keystone XL, then a drilling ban on Federal lands. Will the governors of western states fight back? I hope so. I’m retired, but I have two kids dependent upon oil and gas.
The Democrat governor of New Mexico is pleading for an exemption.
There’s no drilling ban (yet) and probably won’t be one. But there probably won’t be any lease sales for a while.
Exempting NM while blocking Wyoming and Dakota leases would be a clear (unconstitutional) violation of Doctrine of Equality of States, long established by the Courts, including the Supreme Court.
But… It’s for the climate! /SARC
No exemption, NM Dems need o pay a price.
When was the last time a Democrat tried to make people pay for their own stupidity?
David,
They always make them pay with higher fees and taxes, but you get a rebate if you are an obedient little serf!
I was just about to say…
Every time a Democrat Politician opens their mouth their constituents pay in one form or another
The Texas AG is fighting back and vows to continue to fight the Biden MalAdmin in the courts.
I need help with a translation, and I was hoping that some of you may have a Russian Department at your University.
Fiona Hill claimed that Vlad Putin claimed that US Fracking was Russia’s Greatest Threat.
Impeachment Testimony Describes Putin’s Propaganda War On American Fracking
https://www.forbes.com/sites/daneberhart/2019/12/02/kremlin-meddling-shows-value-of-natural-gas-supplies-fracking/?sh=2cb17dcd462a
Unfortunately no one bother do go translate the video.
Here is the video.
Putin meets with members of the Valdai International Discussion Club
https://youtu.be/F5mIM3_BYyQ
I would greatly appreciate if someone could get the part where Putin talks about US Fracking translated. Understand the economics, and you understand why the rest of the world wants the US to stop producing energy.
WUWT, a translation of the above video would make a very interesting BlogPost. If it is true that Putin made those comments, everything starts to make sense.
I have a cousin that married a Russian woman. However, last time I asked to get a translation it didn’t happen. I just avoid putting her on the spot now.
Translating is hard work, if you are going to do it accurately. Many words and phrases don’t translate directly so you have to think of a paraphrase that still carries all the meaning of the original.
My wife translates English documents and videos into Spanish for a local church. A 5 minute video can easily take her 30 minutes to translate and transcribe. I suspect that English and Spanish are a lot closer to each other than English and Russian would be.
Is that the 2014 meeting in Sochi? Or a later one?
2011. Very much earlier one.
2011. 8th annual Valdai discussion with Prime Minister Putin. I don’t have a transcript but there is a discussion of the topics discussed by 2 Brookings scholars on Brookings.edu entitled “Putin’s next move in Russia: Observations from the 8th annual Valdai discussion club.” From their discussion it looks as though Putin regards all fracking as dangerous and uneconomical outside of the US and Poland. I’m positive that if Putin had said that US fracking was dangerous to Russia then it would have been remarked upon.
Apologies, I’m on my phone and I still haven’t mastered getting a copy of the url into the message. You should be able to find the article with a search though.
🍻
Then that means Fiona Hill is a liar, and that is who the Democrats choose to testify against President Trump. Why am I not surprised?
It doesn’t look good – for her to have 2 different accounts of the one meeting as a public record is embarrassing to say the least.
That the only ‘proof’ that a Russia expert can find of Putin acting in bad faith is actually a lie is very interesting. That she told it at precisely the right time to divert the enquiry away from the idea of Ukraine acting in bad faith is also very interesting. I’m just going to leave that there.
I have no doubt that Putin always puts what he views as Russia’s best interests ahead of every other nation’s… I suppose that’s “acting in bad faith” from some perspectives.
Every Premier of a country puts the interests of their own country and citizens first, or should anyway. Why she thought she had to lie about it at that particular time to that particular enquiry is interesting and possibly significant in my eyes. Idle speculation now though.
Before too long fossil fuels will be so unpopular that the oil and gas patches will offer great investments.
Yes, and that will be exactly the time when the big four and other milliardaires and their investment funds will mop up everything. If Biden wants to do something for the people, he can start by preventing that Gates, Bezos & co. buy hundreds of thousands of acres of farmland and forests … for what use ???
All the big producers have been stockpiling leases on federal land since 2017 when Trump took over. Most now say they hold at least 4 years worth of Federal drilling leases as banked to keep going through the Biden MalAdmin. These are the big players who had the financial resources to do so, Devon Energy, EOG Resources Inc, ExxonMobil, Occidental Petroleum, ConocoPhillips, and Mewbourne Oil Company.
https://www.reuters.com/article/idUSKBN29Q1S5
The smaller producing players are going to get hit hard by this, as they didn’t have the finances to stockpile leases and tie up capital. The production curtailment thus won’t happen overnight, unless as David points out, the Biden Admin breaks the law and starts trying to deny drilling permits on existing leases. I wouldn’t put that past them, and then forum-shopping for a favorable Federal judge (hoping for higher court apptment from Biden-Harris) letting them get away with lawlessness (as they did with DACA) until it could get to appeals.
At any rate, with inflation now finally starting to show up in the economy, and Dementia Joe’s War on Domestic Production promises of carbon taxes and higher Federal highway fund gasoline taxes at the pumps, we’re in for $4/gal gas by 2023, and probably much higher by the Nov 2024 election.
They won’t outright deny new drilling. They will however jack up the regulations to the point where drilling becomes impossible.
That was Obama’s 2007 promise to make electricity generated from coal “skyrocket” in price. He flat out said they could do (build coal-powered generating plants), they just wouldn’t be to do it affordably.
MarkW: “They won’t outright deny new drilling. They will however jack up the regulations to the point where drilling becomes impossible.”
Yes, that is what I expect will happen. Placing an increasingly difficult series of new environmental regulations on well drilling and on production operations is how Biden’s people will be throttling back on fracking.
The objective here is raise the price of all forms of energy to levels where both the government and the multi-national corporations alike can profit from greater income on lower volume of energy production.
I expect that the oil & gas corporations will make a deal with Biden. They get to charge higher prices on lower volumes of energy production in return for being insulated to some extent from anti-trust action and from lawsuits.
The government will take its share of the action in the form of imposing higher taxes on energy production. The corporations will take their share of the action in the form of higher profit per unit of energy produced.
Joel,
I think we’re going to $4/gal gas long before 2023; in Commifornia they’ll probably break that barrier this year! You have to wonder how their electric infrastructure is going to hold up with maintenance costs rising due to fuel alone, material cost will be another story altogether!
I hope your right about the stockpiling of leases as it may keep prices from soaring too rapidly, but I’m still not sold on the MalAdministration! I have been thinking of Regime or Usurpation, as once you put the Xiden in front the mal- becomes redundant!
Proving there’s no fool like a global warming fool : do these morons really think that curtailing the production of oil is going to result in anything other than higher prices? And not just for fuel – oil is used in the manufacture of many products – only about half goes for making gasoline. Do they really think people will throw away their gas powered cars?
Wait wait wait! Where’s your MSR schtick??
The fact that they can do this, or anything else, with the stroke of a pen … implies way too much executive power. Our laws must be made and changed by congress. But they have given away “rule making” to bureaucrats and degree of enforcement of said rules to the current executive.
Somehow this doesn’t match what I thought was a representative republic where the executive branch must faithfully execute the laws passed by congress even when they disagree.
This is one of the legacies from Obama. Same with treaty ratification. They just call it an agreement now. I warned my senators back in 2015 about Paris and they told me not to worry because it had to ratified by the Senate to come into effect. Well……..
This predates Obama by a few years. Clinton was once quoted as saying “Stroke of a pen. Law of the land. Kinda cool.”
Just like Obama, he has a phone and a pen. He can do anything he pleases; who is there to impeach him?
From the post:
“..Sen. Ted Cruz (R-TX) confronted Secretary of Transportation nominee Pete Buttigieg over the Keystone XL decision on Thursday morning, during Buttigieg’s confirmation hearing. If the administration was serious about infrastructure, Cruz asked, why was it killing an infrastructure project with “good, paying union jobs”?…
Sen. Cruz and all the other members of Congress from the fossil fuel producing states can whine and complain about what the Biden administration is doing (and will be doing) on the fossil fuel energy front until they are all blue in the face. The fact is that Biden’s anti-fossil fuel actions (as were Obama’s) are not so much the problem as they are a symptom or a product of the problem. That the congress people from fossil fuel states don’t understand this (if indeed they don’t) explains why their protestations never seem to go anywhere.
So what is the problem? The belief in the scientifically dubious climate alarmist narrative and the narrative that wind and solar are a viable alternative to fossil fuels. Until the day comes when someone with sufficient influence and power in Washington goes on the offensive against these narratives and shows everyone in the U.S. and around the world the serious problems with them, the Democrats and their environmental political base will always have the upper hand in the war over the fossil fuels issue. You will always have the upper hand when the beliefs under which you operate are widely accepted and are not effectively challenged.
In times of war, one of the weapons against the enemy is a propaganda campaign to undermine the enemy’s belief system under which it operates. Naziism and Communism are the two most recent belief systems from history that come to mind. When the truth doesn’t work in support of your goals, then lies are the only alternative. It is said that the truth is one of the first casualties when war breaks out, and the Democrats and their environmental base are fighting one against the fossil fuel status quo. That they have successfully enlisted the support of science, the mass media, the UN and academia in their quest to indoctrinate the masses makes for an effective campaign regardless of its soundness or lack thereof.
I can only presume that the Dems and their political base have heard the saying that the road to Hell is paved with good intentions. At any rate, as long as the CAGW and wind-solar narratives remain largely unchallenged in Washington politics and around the world, do not expect a lot to change in the current situation.