Biden Admin Resumes Oil Leases on Federal Lands

#52
#52
lawgator1 said:
Soooo........

Lift it he's bad.


Don't lift he's bad....
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forgiving student debt should be a bullet in the brain to anyone who is good with it. Further the "not my fault" bs mentality. Own the decisions you make. That's hard for Dems. I mean you let black face governors run around and then pretend like you have moral authority
 
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#53
#53
Orangeburst said:
Just think..COVID showed a way forward to amass unreal productivity gains. Why drive to university everyday as a young adult when one can be learned online class with the best teachers in the world. I really believe it.
No need for all this expensive brick and mortar and empire look.

I mentioned several times about UTC and their new (well then) library that was nothing but a study hall to plug your iPad into and catch a cup of Joe at Starbucks.
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A lot of studies can be done online, but I can't imagine things like engineering, several of the sciences, and medicine being done that way. Some of the stuff still needs hands on application especially when you consider newer generations never take cars and other stuff apart and gain a feel for mechanical structures. Engineers can't just learn from books, or we aren't going to want to be around when the new crop takes over.
 
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#55
#55
It doesn't matter. The oil companies will sign leases and mothball it. They will not drill new wells on it anytime soon. They already have land and wells they are not pumping.
 
#56
#56
AM64 said:
A lot of studies can be done online, but I can't imagine things like engineering, several of the sciences, and medicine being done that way. Some of the stuff still needs hands on application especially when you consider newer generations never take cars and other stuff apart and gain a feel for mechanical structures. Engineers can't just learn from books, or we aren't going to want to be around when the new crop takes over.
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I took a lot of online classes. History classes, English classes, ect are easy to do online as long as you have good reading comprehension skills. Advanced math and physics classes like differential equations and statics are nearly impossible to do unless you are just a natural math wiz. You have to be in class for those.
 
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#59
#59
Figures...

Oil and gas exec slams Biden’s energy policies, warns ‘will compound problem’ amid crisis

I realize that the Secretary of Interior is very much on message with the rest of the Biden administration…which is we all pay 50% more for 80% less…she was very clear that's what she was going to do for those oil and gas operators who were interested in doing work on federal lands, that we should be prepared to pay about 50% more in royalties and other fees that we already pay. At the same time, we're only going to have access to about 20% of the current acreage that we have put forward to the secretary as potential oil and gas opportunities for us.
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#60
#60
NCFisher said:
I don't see it. Lease to permit can take years and for what, 20% of the lease applications submitted? Leases have to stay well ahead of permits and need to be continuously approved. Not all leases result in permits and not all permits result in recoverable oil/gas. This is a shell game for public consumption.
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Exactly…. And when the current admin and their ilk are saying they’re going to destroy the fossil fuel industry they have to tread lightly. Why risk the time and money?
 
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#62
#62
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#67
#67
You have an administration hellbent on going green with no real plan, it doesn’t matter if they leased the whole country. Why would you stick your neck out when some moronic EO could hang you out to dry? Spend billions on exploration and spin up costs just to watch goofy gooberson declare oil a public menace or something. Meanwhile Biden and crew will sit back and say “they can’t complain, look at our benevolent lease offers”. It’s like an exterminator being confused why the rats aren’t more appreciative of the cheese in the traps.
 
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#68
#68
DancingOutlaw said:
You have an administration hellbent on going green with no real plan, it doesn’t matter if they leased the whole country. Why would you stick your neck out when some moronic EO could hang you out to dry? Spend billions on exploration and spin up costs just to watch goofy gooberson declare oil a public menace or something. Meanwhile Biden and crew will sit back and say “they can’t complain, look at our benevolent lease offers”. It’s like an exterminator being confused why the rats aren’t more appreciative of the cheese in the traps.
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Yeah, I just wish America can see this scam of a regime
 
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#69
#69
Orangeburst said:
It will be 6 months before they can get equipment to start up new rigs..lol
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If they wanted to, you're correct.

They don't need to, they'd rather take these record profits and pump out dividends and buy back stock.

Oil companies aren't interested in drilling on open, permitted leases because they're already getting as much oil as they need.

The narrative by politicians to political football gas prices is likely a joke to oil execs since the public is mad at the government for something that the oil companies alone have control over.
 
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#70
#70
Septic said:
If they wanted to, you're correct.

They don't need to, they'd rather take these record profits and pump out dividends and buy back stock.

Oil companies aren't interested in drilling on open, permitted leases because they're already getting as much oil as they need.

The narrative by politicians to political football gas prices is likely a joke to oil execs since the public is mad at the government for something that the oil companies alone have control over.
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Then why have oil companies invested in new drilling in the past? Let it go to $200 barrel and they get to make same profit with half the investment and work.
 
#71
#71
Orangeburst said:
Then why have oil companies invested in new drilling in the past? Let it go to $200 barrel and they get to make same profit with half the investment and work.
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It's not to say that they never need to - it's that they don't "drill" because of the outrage of public opinion on "high" gas prices.

The allegiances of the oil companies and their production needs is moved my their investors and stock prices, not public butthurt. They do what's best for them, not you.
 
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#72
#72
Septic said:
If they wanted to, you're correct.

They don't need to, they'd rather take these record profits and pump out dividends and buy back stock.

Oil companies aren't interested in drilling on open, permitted leases because they're already getting as much oil as they need.

The narrative by politicians to political football gas prices is likely a joke to oil execs since the public is mad at the government for something that the oil companies alone have control over.
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Their record profits from 2021 basically offset their massive losses from 2020. For many of them they ran their companies for two years just to break even. Truly greedy fat cats if you ask me.
 
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#73
#73
DancingOutlaw said:
Their record profits from 2021 basically offset their massive losses from 2020. For many of them they ran their companies for two years just to break even. Truly greedy fat cats if you ask me.
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As you know, the losses weren't due to not having enough oil or leases it was due to lock downs that resulted in a surplus. They were slow to react to the changing market condition, but who could blame them?

They are fat cats and they laugh while politicians use the cost of gas as a political football. It's mind boggling that people still fall for this.
 
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#74
#74
Septic said:
As you know, the losses weren't due to not having enough oil or leases it was due to lock downs that resulted in a surplus. They were slow to react to the changing market condition, but who could blame them?

They are fat cats and they laugh while politicians use the cost of gas as a political football. It's mind boggling that people still fall for this.
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I think you misunderstand most people, at least on here.
Nobody is arguing that a President can affect day-to-day pricing. That is even as I mentioned it takes a long time to even drill an area that has been proven, just for the infrastructure timeline.
But, a Present can affect future daily pricing by his actions and policy.
So whether by circumstance of timing or policy, if the Idiot in Chief says like he did that he will shut down the oil industry, I will lay this early occurrence of high pricing at his feet. If he hadn't initiated such hostility in Jan 2021, who knows what the early required actions the oil industry would of taken.
 
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#75
#75
DancingOutlaw said:
You have an administration hellbent on going green with no real plan, it doesn’t matter if they leased the whole country. Why would you stick your neck out when some moronic EO could hang you out to dry? Spend billions on exploration and spin up costs just to watch goofy gooberson declare oil a public menace or something. Meanwhile Biden and crew will sit back and say “they can’t complain, look at our benevolent lease offers”. It’s like an exterminator being confused why the rats aren’t more appreciative of the cheese in the traps.
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The Biden and Co green plan is something like Pootin's Ukrainian plan with less thought than Pootin put into his little debacle. A neighbor asked a couple of days ago if I ever thought about an electric car, and I told him no. I explained that there are good parts ... if you don't plan trips, etc. Afterwards it dawned on me that our green plans and electric vehicles are like building cars but having no roads. I guess it's what has always driven me nuts as an engineer when marketing and management have bright ideas to implement and no clue what's involved, and the green nitwits aren't even that realistic. They want to dump Plan A and aren't even close to having a Plan B.
 
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