9000 unused leases on Federal land.
- Thread starter ExpressLane
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PostmodernProphet
fully immersed in faith..
you intentionally tried to substitute the old slower route for the blocked new, faster route.......I expect you did it because you were ignorant of the fact they weren't the same thing, but maybe it was an intentional attempt to deceive.....perhaps you can make it clear which it was......
cancel2 2022
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Yes it does supply domestic markets, Jarhead needs to stop bloody bullshitting.Much as it pains me to agree with Jarhead but he's mostly right. The map explains! He's wrong about the oil being for export that a Dem canard which is trotted out on a regular basis.
Myth: Keystone XL Exports Internationally
This myth is based on pure misinformation, but somehow it is still shared. Oddly, rumours persist that the pipeline would export oil to China, but that’s not in the plans. Keystone XL brings Canadian oil to refineries in the Gulf Coast. These refineries are locked in to long-term contracts to receive oil from Keystone XL, so the reality is that the oil will not be exported internationally.
https://www.mainlandmachinery.com/keystone-xl-pipeline-myths-and-facts/
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Wrong the fourth extension of the Keystone pipeline would have taken Canadian crude to American refineries for later export. It was a boondoggle for refineries and Russians.
No...banks lowering lending standards.
Exactly...they saw what happened to natural gas from 2015-2020 and have pulled back on new wells and production because of the hit to the price per barrel.
SmarterthanYou
rebel
and you think that they didn't change their lending practices 10-13 years later?
https://www.bloomberg.com/news/arti...ration-misusing-facts-on-oil-permits-api-says
Biden Administration Is ‘Misusing Facts’ on Oil Permits, API Says
......
The Biden administration has repeatedly pointed to the number of approved but untapped drilling permits on federal land when questioned about how U.S. production can rise, and what the federal government can do to help.
“There’s a fundamental misunderstanding of the administration as to how the process actually works,” Sommers said in an interview on the sidelines of the conference.
“Just because you have a lease doesn’t mean there’s actually oil and gas in that lease, and there has to be a lot of development that occurs between the leasing and then ultimately permitting for that acreage to be productive,” he said. “I think that they’re purposefully misusing the facts here to advantage their position.”
More at link....
Biden Administration Is ‘Misusing Facts’ on Oil Permits, API Says
......
The Biden administration has repeatedly pointed to the number of approved but untapped drilling permits on federal land when questioned about how U.S. production can rise, and what the federal government can do to help.
“There’s a fundamental misunderstanding of the administration as to how the process actually works,” Sommers said in an interview on the sidelines of the conference.
“Just because you have a lease doesn’t mean there’s actually oil and gas in that lease, and there has to be a lot of development that occurs between the leasing and then ultimately permitting for that acreage to be productive,” he said. “I think that they’re purposefully misusing the facts here to advantage their position.”
More at link....
Different lenders.
cancel2 2022
Canceled
You just can't stop bullshitting!!
Myth: Keystone XL Exports Internationally
This myth is based on pure misinformation, but somehow it is still shared. Oddly, rumours persist that the pipeline would export oil to China, but that’s not in the plans. Keystone XL brings Canadian oil to refineries in the Gulf Coast. These refineries are locked in to long-term contracts to receive oil from Keystone XL, so the reality is that the oil will not be exported internationally.
https://www.mainlandmachinery.com/ke...ths-and-facts/
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PostmodernProphet
fully immersed in faith..
a "boondoggle" paid for by Canadians which created American jobs both in construction and at the refineries on the Gulf.......I can see why you thought it was horrible........
Well, it would also take away money from Warren Buffett who owns the frickin' trains that carry it overland. Can't have Warren Buffet losing a buck or two to make our lives cheaper, safer, cleaner, and better. If we do that, then billionaires that give to Democrats in elections would have less to give!
Yes, the leases have to be explored . However they are not buying oil leases because they think it is not there. The leases are tax writeoffs.
What was bullshit that I said?
Is a lease the same thing as a permit?
Are there 9,173 permits approved for drilling on Federal and Native lands as of Dec 31, 2021?
Gosh, you managed to find an expert that doesn't know the difference between a lease and an approved permit. Great expert you have there.
Here is my evidence of over 9,000 approved permits
https://www.blm.gov/sites/blm.gov/files/docs/2022-02/FY 2022 APD Status Report December.pdf
SmarterthanYou
rebel
you might have to give me some legit examples of that practice still occurring...........otherwise, I find it totally unbelievable that a lender is going to let a fast food worker buy an 80k truck
https://www.blm.gov/programs/energy...duction/permitting/applications-permits-drill
Over 5,000 permits to drill were approved in calendar year 2021.
Perhaps you should learn how to use the internet to do simple searches.
There are more leases being drilled than at any time in the past by percentage, you should actually read the article I linked to.
The reality is, Brandon has lied to you again. He first tried to make you believe that inflation that has been building for a year was "transitory" and caused by logistics issues, then tried to pretend that printing and spending more money on a non-infrastructure "infrastructure" would actually lower inflation (in-frickin'-sane), then tried to tell you it was truck drivers' fault, then tried to tell you it was "greedy companies" and now is trying to tell you it is Russia's fault when only 2% of our gasoline comes from that source, and when it is shown that it is a lie, he just blames it on someone else. The buck never stops in Brandon's administration, nothing that demented child-king does could possibly affect the nation he "leads"... He is King of the Fools. They'll believe anything he says regardless of reality. Thankfully only about 35% of the nation are that foolish.
You can't have it both ways, Brandon... you can't actively work to end fossil fuels and also pretend that nothing you have done could possibly affect their production.
Well, I mean GM does it...you only need a credit score of 550 to get an $80K loan: https://bettercreditblog.org/gm-financial-review/
Why? They let poorer people get home loans with no money down just 15 years ago.
cancel2 2022
Canceled
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Drilling permits spiked then plunged under Biden
Although the Biden administration last year approved more permits to drill oil and gas wells on public lands than the Trump administration in its first year, Interior Department data shows approvals have been more modest for months.
In fact, the Bureau of Land Management in January approved just 95 permits for oil and natural gas wells across federal lands in the United States, an 85 percent drop from a zenith of 643 issued last April, according to a review of permitting data by E&E News.
Many environmental groups have been frustrated with the rapid pace of approvals, which carved into the number of backlogged permits President Biden inherited by nearly 1,000 by year’s end, seeing it as a betrayal of Biden’s pledges to confront climate change.
Advertisement
But the output from BLM offices in states like New Mexico and Wyoming has gradually declined, and overall permit approvals have dropped after particularly high outputs in the spring and early summer of last year, according to the data.
Last month, permit approvals rallied from their January bottom to 186. But that was still the fourth lowest number of monthly approvals since Biden took office.
Melissa Schwartz, a spokesperson for the Interior Department, which oversees BLM, defended the agency’s efficiency, arguing that the amount of time it takes to approve federal wells has fallen by half over the last decade.
“The BLM continues to process applications for permit to drill in a timely manner,” she said in an email.
Schwartz also noted that the oil and gas industry holds significant drilling rights already. Many of the drilling permits held by industry — and 60 percent of the acreage leased to oil producers — sits unused, she said.
The Biden administration's policies about oil and gas development on public lands and the industry’s war chest of existing oil and gas leases have become key talking points as energy prices have climbed in recent months. Both have come into sharper focus in recent weeks, as Russia's invasion of Ukraine drove prices further up.
Just last week President Biden urged oil and gas companies to ramp up drilling to increase American energy production and hopefully help contain pump prices. He chastised companies for not doing so already and argued that nothing stands in their way on federal lands, the one segment of the U.S. oil and gas sector where the president has some influence.
“The oil and gas industry has millions of acres leased … they could be drilling right now, yesterday, last week, last year,” Biden said last week. “They are not using them for production now. That’s their decision.”
For its part, industry has not leapt to expand drilling.
The major public oil and gas companies that drive much of the United States' activity are holding themselves back with uncharacteristically miserly capital expense plans, returning cash to investors instead of drilling new wells. Officials with some companies say they are also facing bottlenecks for equipment, rigs and labor.
When it comes to public lands and waters, though, oil and gas companies have accused the White House of not truly supporting their industry and aiming to curb production.
Ryan McConnaughey, spokesperson for the Petroleum Association of Wyoming, said the Biden administration has a “playbook” for federal development: “delay, distract and deflect.”
“It doesn’t come as much of a surprise that the Biden Administration’s approval of APDs [applications for permit to drill] has plummeted,” he said.
Kathleen Sgamma, president of the Western Energy Alliance, said the political focus on the drilling permits and leases already held by industry is a red herring from the White House.
“Just because Acme O&G isn't using a permit right away doesn't mean that ABC O&G doesn't need one for a well it's planning to drill now,” she said. “If the federal permitting situation weren't so inefficient and fraught with political interference, companies wouldn't need to request a large inventory even years in advance.”
If the White House wants drilling to increase, they could ease regulatory requirements and speed up permitting, she said.
The permitting showdown is the latest of many disagreements over the federal oil program under Biden. When Biden came into office last year, he paused oil and gas leasing on federal lands and last fall published a report criticizing the program as antiquated and deferential to industry.
The leasing moratorium was overturned by a federal judge, but leasing has been slow to resume — and bogged down in continued legal wrangling. The outlook for new leasing in 2022 remains in limbo as Interior has said it will be difficult to move forward after a Louisiana federal judge blocked the use of an interim climate metric.
Meanwhile, Interior is developing regulations on oil and gas that will increase royalty rates and bonding requirements on federal leases, as well as impose new methane rules.
But the administration has also taken heat from environmental groups for focusing on these regulatory reforms rather than aggressively working to retire the oil and gas program.
Fossil fuels developed on federal lands, including coal, are responsible for as much as a quarter of the country’s downstream carbon dioxide emissions, according to the U.S. Geological Survey, a statistic that’s underscored criticism of continued drilling from environmental groups and climate activists.
https://www.eenews.net/articles/drilling-permits-spiked-then-plunged-under-biden/
Drilling permits spiked then plunged under Biden
Although the Biden administration last year approved more permits to drill oil and gas wells on public lands than the Trump administration in its first year, Interior Department data shows approvals have been more modest for months.
In fact, the Bureau of Land Management in January approved just 95 permits for oil and natural gas wells across federal lands in the United States, an 85 percent drop from a zenith of 643 issued last April, according to a review of permitting data by E&E News.
Many environmental groups have been frustrated with the rapid pace of approvals, which carved into the number of backlogged permits President Biden inherited by nearly 1,000 by year’s end, seeing it as a betrayal of Biden’s pledges to confront climate change.
Advertisement
But the output from BLM offices in states like New Mexico and Wyoming has gradually declined, and overall permit approvals have dropped after particularly high outputs in the spring and early summer of last year, according to the data.
Last month, permit approvals rallied from their January bottom to 186. But that was still the fourth lowest number of monthly approvals since Biden took office.
Melissa Schwartz, a spokesperson for the Interior Department, which oversees BLM, defended the agency’s efficiency, arguing that the amount of time it takes to approve federal wells has fallen by half over the last decade.
“The BLM continues to process applications for permit to drill in a timely manner,” she said in an email.
Schwartz also noted that the oil and gas industry holds significant drilling rights already. Many of the drilling permits held by industry — and 60 percent of the acreage leased to oil producers — sits unused, she said.
The Biden administration's policies about oil and gas development on public lands and the industry’s war chest of existing oil and gas leases have become key talking points as energy prices have climbed in recent months. Both have come into sharper focus in recent weeks, as Russia's invasion of Ukraine drove prices further up.
Just last week President Biden urged oil and gas companies to ramp up drilling to increase American energy production and hopefully help contain pump prices. He chastised companies for not doing so already and argued that nothing stands in their way on federal lands, the one segment of the U.S. oil and gas sector where the president has some influence.
“The oil and gas industry has millions of acres leased … they could be drilling right now, yesterday, last week, last year,” Biden said last week. “They are not using them for production now. That’s their decision.”
For its part, industry has not leapt to expand drilling.
The major public oil and gas companies that drive much of the United States' activity are holding themselves back with uncharacteristically miserly capital expense plans, returning cash to investors instead of drilling new wells. Officials with some companies say they are also facing bottlenecks for equipment, rigs and labor.
When it comes to public lands and waters, though, oil and gas companies have accused the White House of not truly supporting their industry and aiming to curb production.
Ryan McConnaughey, spokesperson for the Petroleum Association of Wyoming, said the Biden administration has a “playbook” for federal development: “delay, distract and deflect.”
“It doesn’t come as much of a surprise that the Biden Administration’s approval of APDs [applications for permit to drill] has plummeted,” he said.
Kathleen Sgamma, president of the Western Energy Alliance, said the political focus on the drilling permits and leases already held by industry is a red herring from the White House.
“Just because Acme O&G isn't using a permit right away doesn't mean that ABC O&G doesn't need one for a well it's planning to drill now,” she said. “If the federal permitting situation weren't so inefficient and fraught with political interference, companies wouldn't need to request a large inventory even years in advance.”
If the White House wants drilling to increase, they could ease regulatory requirements and speed up permitting, she said.
The permitting showdown is the latest of many disagreements over the federal oil program under Biden. When Biden came into office last year, he paused oil and gas leasing on federal lands and last fall published a report criticizing the program as antiquated and deferential to industry.
The leasing moratorium was overturned by a federal judge, but leasing has been slow to resume — and bogged down in continued legal wrangling. The outlook for new leasing in 2022 remains in limbo as Interior has said it will be difficult to move forward after a Louisiana federal judge blocked the use of an interim climate metric.
Meanwhile, Interior is developing regulations on oil and gas that will increase royalty rates and bonding requirements on federal leases, as well as impose new methane rules.
But the administration has also taken heat from environmental groups for focusing on these regulatory reforms rather than aggressively working to retire the oil and gas program.
Fossil fuels developed on federal lands, including coal, are responsible for as much as a quarter of the country’s downstream carbon dioxide emissions, according to the U.S. Geological Survey, a statistic that’s underscored criticism of continued drilling from environmental groups and climate activists.
https://www.eenews.net/articles/drilling-permits-spiked-then-plunged-under-biden/