Biden administration cancels oil and gas lease sales in Alaska, Gulf of Mexico The In

ExpressLane said:
Oil producers are having a harder time getting financing for oil exploration because of Biden Administration policy.
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Liar. They're having a hard time financing because Wall St is demanding dividends instead of exploration.

At least TRY to come up with a lie that's feasible.
 
Edward B. Harmon: Biden working to destroy fossil fuel industry
https://www.gainesville.com › story › opinion › 2022/03/24
Mar 24, 2022 — Blame high gas prices on Biden's efforts to destroy fossil fuel ... been completed it would now be supplying about 830,000 barrels of oil a .
 
Earl said:
"Getting lenders to choke off money to fossil fuel companies is the next needed move for the industry to address the material risks that the coal, oil and gas industry faces," says Leslie Samuelrich, president at investment advisory firm Green Century Capital Management."
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They already have.

Big investors are starting to warm to energy.
For more than five years, endowments, pension funds and other so-called institutional investors shunned the oil-and-gas industry because of big losses and concerns about climate change.
Now some investors are coming back as energy emerges as the stock market’s best performer—the S&P 500 Energy Sector Index is up 40% so far in 2022—and projections that the world might face shortages in the years ahead suggest continued near-term upside for those willing to bet on fossil-fuel producers.
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Althea said:
Liar. They're having a hard time financing because Wall St is demanding dividends instead of exploration.

At least TRY to come up with a lie that's feasible.
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The oil industry make its money by exploring and then producing. They don't give dividends if they don't sell oil. They don't sell oil if they don't explore and produce oil.


Earlier this week, the Biden administration announced that it would end overseas financing of new oil and coal projects through multilateral development banks such as the Word Bank, a policy move aimed at shifting global capital away from fossil fuels at a time when the climate crisis is deepening.
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Biden Administration Restricts Lending for Overseas Fossil Fuel Projects
The US Department of Treasury’s new rules restrict oil and coal financing but leave the door open for gas projects
 
Earl said:
Biden administration cancels oil and gas lease sales in Alaska, Gulf of Mexico
The Interior Department will not move forward with planned oil and gas lease sales in the Gulf of Mexico and Alaska’s Cook Inlet, it announced Wednesday night.


https://sports.yahoo.com/energy-environment-biden-administration-cancels-224145916.html
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Dude, this is such a non-issue. A NOTHING BURGER! You are talking about 3 abandoned well sites. The reason they were cancelled was because of non-interest- in other words, the oil industry has not acted after acquiring the leases in the first place.

You do know that there are 9,000 other drilling sites that are currently being leased- BUT THE OIL INDUSTRY HAS NOT ACTED ON A SINGLE ONE EITHER!

So why blame Joe Biden for the oil industry's lack of interest to drill on these 3 particular lease sites- when they have 9,000 already available to start drilling and they aren't even up and in production yet either? It seems the oil industry's cart is out in front of the donkey here- so do not even try to make this look like Biden is the blame for anything here! THIS CRITICISM OF BIDEN IS NOTHING BUT REPUBLICAN NASTY POLITICS AS USUAL COMING FROM THE USUAL 12 RED STATES AND THE OIL INDUSTRY LOBBY!

The oil industry is asking for a new 5 year plan that is due out next month by the Department Of Interior.

So even these 3 lease cancellations are only effective for about another month and are very temporary.

You want to drill offshore- you have to have a lease agreement- BUT WHEN YOU HAVE THE AGREEMENT- DRILL BABY DRILL!

You do have to act on it or it can be taken away by the Department Of Interior because of lack of interest.

https://www.usnews.com/news/politic...offshore-oil-lease-sales-in-gulf-coast-alaska

See there- you pooped your pants for nothing really!
 
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Geeko Sportivo said:
Dude, this is such a non-issue. A NOTHING BURGER! You are talking about 3 abandoned well sites. The reason they were cancelled was because of non-interest- in other words, the oil industry has not acted after acquiring the leases in the first place.

You do know that there are 9,000 other drilling sites that are currently being leased- BUT THE OIL INDUSTRY HAS NOT ACTED ON A SINGLE ONE!

The oil industry is asking for a new 5 year plan that is due out next month by the Department Of Interior.

So even these 3 lease cancellations are only effective for about another month and are very temporary.

See there- you pooped your pants for nothing really!
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Do you know why I don't ban you from my threads?

Read your post.

Now you know.
 
The Interior Department confirmed late Wednesday it would not move forward with work on three offshore lease sales, one for acreage in Cook Inlet and two off the Gulf Coast, the last outstanding sales outlined in the current five-year offshore leasing program.

Kara Moriarty, president and CEO of the Alaska Oil and Gas Association, said the administration's reasoning on Cook Inlet was "disingenuous" and pointed to comments she filed with the Bureau of Ocean Energy Management in December in which she expressed her organization's support for the sale.

"We certainly said, 'Hey, we support having a lease sale move forward,' and as a trade association, we don't put out any comments unless, obviously, the majority of our members support that," she told the Washington Examiner.

Moriarty also echoed the response of Sen. Dan Sullivan (R-AK), who criticized the cancellation and said "only holding a lease sale" would ultimately illustrate companies' level of interest.

"If you really want to know if a company is interested in picking up leases, hold the lease sale. There's nothing that says you can't hold it and then nobody show," she said.

Moriarty also likened competition over acreage to a game of poker in which energy companies are often not prepared to "show their hand" and reveal publicly whether they intend to bid or not beforehand.

The Interior Department did not disclose how it determined the level of industry interest to be lacking, but it isn't a novel justification, something the Bureau of Ocean Energy Management noted in an update to the lease sale's webpage published Friday.

The Interior Department canceled a lease sale for Cook Inlet in 2011 for the same reason. Then, in 2017, the department went on to award 14 tracts covering 76,615 acres in the inlet.

As for the two Gulf lease sales canceled Wednesday, the administration said it will not move forward because of “delays due to factors including conflicting court rulings that impacted work on these proposed lease sales.”

The administration is currently engaged in several active lawsuits affecting the leasing program.
It is appealing a ruling delivered last June that enjoined the government from implementing a blanket pause on both onshore and offshore leasing.
https://www.washingtonexaminer.com/...nale-for-canceling-alaska-offshore-lease-sale
 
Geeko Sportivo said:
Dude, this is such a non-issue. A NOTHING BURGER! You are talking about 3 abandoned well sites. The reason they were cancelled was because of non-interest- in other words, the oil industry has not acted after acquiring the leases in the first place.

You do know that there are 9,000 other drilling sites that are currently being leased- BUT THE OIL INDUSTRY HAS NOT ACTED ON A SINGLE ONE EITHER!

So why blame Joe Biden for the oil industry's lack of interest to drill on these 3 particular lease sites- when they have 9,000 already available and they aren't even up and in production either?

The oil industry is asking for a new 5 year plan that is due out next month by the Department Of Interior.

So even these 3 lease cancellations are only effective for about another month and are very temporary.

You want to drill offshore- you have to have a lease agreement- BUT WHEN YOU HAVE THE AGREEMENT- you do have to act on it or it can be taken away by the Department Of Interior.

https://www.usnews.com/news/politic...offshore-oil-lease-sales-in-gulf-coast-alaska

See there- you pooped your pants for nothing really!
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You know nothing about the oil and gas industry.
 
Geeko Sportivo said:
Take a minute and tell is everything YOU know about the Oil and Gas industry!

In fact, take a couple of minutes- if you need the time!
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My best friend in medical school and later business partner is a petroleum geologist . He supported his family by putting together oil leases and drilling projects. I invested in several. Some were hits and some were misses. I have learned how the oil industry works. And your post show you should stick with music.
 
ExpressLane said:
My best friend in medical school and later business partner is a petroleum geologist . He supported his family by putting together oil leases and drilling projects. I invested in several. Some were hits and some were misses. I have learned how the oil industry works. And your post show you should stick with music.
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Exactly what did I say that you would like to challenge specifically?

SPEAK UP!

What we have here is what I had to say does not play into your narrative that Biden did something to affect American Oil Production!

Well, I nipped that crazy town idea in the BUD!

What I had to say, points back to the Oil Industry who is not drilling on the over 9,000 leases they already have lease agreements for- AND NO DRILLING IN SIGHT!

AND YOU ARE ON THE BUTTHURT LYNCH MOB TORCH-LIT BANDWAGON WITH HANGING ROPE IN HAND, THAT BIDEN IS THE ONE HOLDING UP THE DRILLING- WHEN IN FACT, HE IS NOT!
 
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