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Thread: KXL dead!

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    Quote Originally Posted by Althea View Post
    Yes. My point is that there is plenty of quality crude to be refined for gasoline. The claim on the table is that we're going to see gasoline shortages because of the shut down of KXL.
    Well, that's not true. I'm sure the KXL ending construction has had a small impact on prices, but nothing compared to Biden stopping all drilling, fracking, and exploration on US government land. That definitely drives the price up. As for shortages... This has more to do with things like refinery maintenance cycles and government regulations along with bans on increased production like pointed out above.

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    Quote Originally Posted by T. A. Gardner View Post
    Well, that's not true. I'm sure the KXL ending construction has had a small impact on prices, but nothing compared to Biden stopping all drilling, fracking, and exploration on US government land. That definitely drives the price up. As for shortages... This has more to do with things like refinery maintenance cycles and government regulations along with bans on increased production like pointed out above.
    Historically, oil companies don't drill on govt. land because of the enviro regulations. During the decade long boom, they've opted to rape private land, leaving nothing but a mess in their wake.
    Biden's policy re. govt. land will do nothing but create a fake price hike by Wall St.
    Once in a while you get shown the light, in the strangest of places if you look at it right.

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    Quote Originally Posted by Althea View Post
    Historically, oil companies don't drill on govt. land because of the enviro regulations. During the decade long boom, they've opted to rape private land, leaving nothing but a mess in their wake.
    Biden's policy re. govt. land will do nothing but create a fake price hike by Wall St.
    There's no "mess" on the wells on my (now deceased) uncle's ex-ranch outside San Antonio. I thank Conoco for the monthly checks too.

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    Quote Originally Posted by T. A. Gardner View Post
    Well, that's not true. I'm sure the KXL ending construction has had a small impact on prices, but nothing compared to Biden stopping all drilling, fracking, and exploration on US government land. That definitely drives the price up. As for shortages... This has more to do with things like refinery maintenance cycles and government regulations along with bans on increased production like pointed out above.
    BTW...this did NOT happen.
    Once in a while you get shown the light, in the strangest of places if you look at it right.

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    Quote Originally Posted by T. A. Gardner View Post
    There's no "mess" on the wells on my (now deceased) uncle's ex-ranch outside San Antonio. I thank Conoco for the monthly checks too.
    Anecdotes. Just what every debate needs.
    Once in a while you get shown the light, in the strangest of places if you look at it right.

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    Quote Originally Posted by Althea View Post
    BTW...this did NOT happen.
    Biden administration suspends new oil, gas drilling permits on federal land
    https://www.marketwatch.com/story/bi...nd-01611276375

    Biden Halts Oil and Gas Leases, Permits on US Land and Water
    https://www.usnews.com/news/business...ts-for-60-days

    My apologies for leaving the word "New" out. That was my mistake. Biden ends all new drilling, fracking and exploration for oil on government land. Better?

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    Quote Originally Posted by dukkha View Post
    our energy independence and exporting nat gas etc. is dead
    Biden is going to wind up with us importing from ME
    Yep, and no supply chains are in place to do so right now. Fun!

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    Quote Originally Posted by LV426 View Post
    Good, because that stupid thing would have just increased energy prices for US consumers.

    Developer pulls the plug on Keystone XL oil pipeline
    https://www.cnn.com/2021/06/09/energ...led/index.html
    how so?
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    Quote Originally Posted by T. A. Gardner View Post
    https://www.marketwatch.com/story/bi...nd-01611276375


    https://www.usnews.com/news/business...ts-for-60-days

    My apologies for leaving the word "New" out. That was my mistake. Biden ends all new drilling, fracking and exploration for oil on government land. Better?
    BIG difference. He did NOT end new drilling. He ended new leases. All old leases are still in existence. It will take a decade for oil companies to use all of the current leases.

    They prefer drilling on private/state land.
    Once in a while you get shown the light, in the strangest of places if you look at it right.

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    Quote Originally Posted by Matt Dillon View Post
    Yep, and no supply chains are in place to do so right now. Fun!
    You're agreeing with an idiot. We import gasoline as a matter of policy for decades now.

    https://www.eia.gov/dnav/pet/hist/Le...s=WGTIMUS2&f=W
    Once in a while you get shown the light, in the strangest of places if you look at it right.

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    Quote Originally Posted by Althea View Post
    BIG difference. He did NOT end new drilling. He ended new leases. All old leases are still in existence. It will take a decade for oil companies to use all of the current leases.

    They prefer drilling on private/state land.
    No new leases means no new drilling. You can't do the latter without having the former.

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    Quote Originally Posted by T. A. Gardner View Post
    No new leases means no new drilling. You can't do the latter without having the former.
    You might want to check your facts. There are plenty of leases that were never used. Those leases still exist.
    Once in a while you get shown the light, in the strangest of places if you look at it right.

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    An analysis by The Associated Press found that oil companies stockpiled leases and pushed through drilling permit applications on public lands in the waning months of the Trump administration, giving the industry a large inventory to work with.
    Biden's halt on new oil and gas leasing also does nothing to affect activities on private or state lands, where roughly 90% of the country's oil and gas development occurs.
    "The industry has a lot of leases in production, a lot of leases that have been issued, so it won't have an immediate impact. But it will give an immediate opportunity for the administration to think about how we move forward," said Nada Culver, the vice president of public lands at the National Audubon Society.
    Once in a while you get shown the light, in the strangest of places if you look at it right.

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    Quote Originally Posted by Althea View Post
    An analysis by The Associated Press found that oil companies stockpiled leases and pushed through drilling permit applications on public lands in the waning months of the Trump administration, giving the industry a large inventory to work with.
    Biden's halt on new oil and gas leasing also does nothing to affect activities on private or state lands, where roughly 90% of the country's oil and gas development occurs.
    "The industry has a lot of leases in production, a lot of leases that have been issued, so it won't have an immediate impact. But it will give an immediate opportunity for the administration to think about how we move forward," said Nada Culver, the vice president of public lands at the National Audubon Society.
    So, they can drill on leases pre-existing the Biden administration. Biden halted all new drilling by ending new leases on government land. Of course the energy companies turn to private land to drill in that case.

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