USA Oil Drilling Permits Hit Record High
Posted November 20 2011 - 04:33 PM
Big Oil politicians to ignore facts: U.S. oil production higher under Obama than when Bush left office
Posted November 20 2011 - 10:36 PM
and from your 1st link that talks about Weld County, Colorado it appears those were state issued permits as well .... not federal permits .. those permits went through the Colorado Oil and Gas Conservation Commission....
Posted December 10 2011 - 04:53 AM
Ok, that's a trick question, of course they would.
Domestic drilling hits record high, GOP blames gas prices on Obama's 'anti-drilling' policies
1,069: The number of rigs drilling for oil in the U.S. this week.
The figure reflects a huge surge in U.S. oil drilling, up nearly 60% in the past year and the highest total since at least 1987, when oil services company Baker Hughes Inc. began keeping track.
Why even the socialist Wall Street Journal confirms this
But increasing amounts of oil produced in the U.S. are going to other countries. For the last three weeks, U.S. refineries have had a record high level of fuel exports, averaging about 2,984,000 barrels a day to markets overseas, the Energy Department said.
That was more than 600,000 barrels a day higher than last year and more than twice as much as was exported in 2008.
Posted December 10 2011 - 10:14 AM
Posted December 10 2011 - 02:31 PM
Well all of this gushing hasn't lowered the price for your cars gas.
Salazar said the Federal Bureau of Land Management, which he oversees, will process more than 7,200 applications for Indian and public-land permits — up from 5,000 in 2010.
Still, Salazar said that, at the request of President Barack Obama, the Interior Department is looking at incentives for companies to begin production on the 70 percent of offshore leases not in production, as well as the 29 million acres onshore that aren’t being developed.
It’s important for us to recognize that the inventory that has been leased out to oil and gas companies is 41 million acres and only 12 million of that has been developed at this point, so that means there’s a huge amount of inventory of public lands where there has been interest on the part of oil and gas companies to lease those lands and they have in fact been leased,” he said.
Read more: http://trib.com/news...l#ixzz1gAd1MRFUIt’s important for us to recognize that the inventory that has been leased out to oil and gas companies is 41 million acres and only 12 million of that has been developed at this point, so that means there’s a huge amount of inventory of public lands where there has been interest on the part of oil and gas companies to lease those lands and they have in fact been leased,” he said.
Read more: http://trib.com/news...l#ixzz1gAcdQNq6
The scorched earth Republicans in Ohio have opened up all state lands to oil and gas drilling. The impact will be extensive in the eastern half of the state where the Devonian and Marcellus shale formations will be targeted by drillers. Frack, baby, frack.
Posted December 11 2011 - 08:45 PM
Posted December 12 2011 - 08:15 AM
Posted January 08 2012 - 03:32 AM
Not exactly what one might expect. Eight straight years of decline under Bush, and three straight years of gains under Obama. Quite a startling graphic..................
Obama has Nearly Quadrupled Renewable Energy on Public Lands
Posted January 11 2012 - 09:09 AM
Posted February 16 2012 - 03:17 PM
But it isn’t increasing demand for oil that is driving the recent price increase. In fact, demand is the lowest it’s been since April, 1997, according to the Oil Price Information Service (OPIS). Instead, OPIS points to speculators as the party responsible for driving up prices
Posted February 20 2012 - 11:21 AM
Greenwald writes, “Why will Charles and David Koch produce a video about their position on the Keystone XL oil pipeline and not testify before Congress about it? The Koch brothers have refused to answer questions about how they stand to profit from the Keystone XL pipeline, a 1,700-mile long boondoggle that would cut through six states and damage American homes and farmland.”
Posted February 21 2012 - 08:27 AM
and XG if you look closely at whose wells are being brought on board-Thunder Horse (a deep water field owned by BP) by itself accounts for almost all of that abrupt ramp-up in oil production--and those leases were done in 1988 and 1994 while the discovery well was dug in 1999--does that give you just a hint on how long any oil production takes to get to market--
Currently we have 270 shallow-water and 52 deepwater wells looking for permits--Care to guess how many the Obama administration has approved--
The issue XG isn't oil production today--it is the production of the future--and that is what drives the cost of oil futures (along with dollar depreciation and speculation on short term events like Iran)
We are just starting to pay the price now for Obama's policy of driving the cost of oil up--to make green more affordable--Hey that is what the left has advocated for years--at least give Obama credit for executing the strategy-
The facts about Oil policies
Posted February 28 2012 - 04:13 AM
We can wonder if this was the first year of Obama's 2nd term, instead of an election year, if things would be different.
But the right (read; Fox, hannity etal) have been yapping about this complaining about the lack of jobs and high gas prices.
This will put a stake in that arguement...............
Obama administration okays key section of pipeline, making ultimate Keystone decision obvious
Foes of a 1661-mile pipeline who thought their opposition had bought some time as a consequence of the White House's temporary rejection of the project got a wake-up message today. Just five weeks after the Obama administration was hailed for saying "no" to the Keystone XL pipeline's route through the sand hills of Nebraska, it has green-lighted a $2.3 billion section elsewhere, making clear its ultimate intent. In a statement, Press Secretary Jay Carney said:
Posted February 28 2012 - 10:20 AM
and he does have a very large problem with his sec of energy--the guy who stated in 2008 "that gas prices in the U.S. should be as high as in Europe". so the stated goal of our energy guru is we should be paying over $8 bucks a gallon for gas
Posted February 29 2012 - 05:50 PM
Posted March 01 2012 - 07:19 AM
When are you going to quit defending this scourge on the working class-He has a policy and that is to drive up the cost of energy to make green technology more affordable--The simple truth is the working man can not afford 4 more years of Obama's destructive economic policies
Posted March 01 2012 - 09:11 AM
Posted March 01 2012 - 12:40 PM
Now the next thing we can expect from these left wing spendthrifts is the inflation rate to start skyrocketing--and then we get the best of Jimmy Carters world-exploding and shortage oil and runaway inflation--jeeze Farley so much for you bitching about supply side economics
Posted March 01 2012 - 07:33 PM
Posted March 02 2012 - 05:52 AM
I know this is real difficult for you to understand--but oil futures are priced based on the assumption of the availability of oil in the future--When the president of Shell oil told the world that we would be facing $5 dollar per gallon fuel this summer--long before the Arab spring--what did he base his assumption on Farley--price speculation????? Let me let you in on a little secret farley--The futures market is a "zero sum" game whereas if somebody is making money on the rise somebody is losing money on the rise. For every buyer there has to be a corresponding seller.Events and economic conditions drive the markets one way or another. There is no "let's drive the prices up to make money"....every market participant knows that is absurd and reflects the ignorance of the people making that claim. The left's boggieman is a ghost-- The misinformation about speculation is tiring and shows a lack of simple basic economics--but that is the lefts basic problem
Grow up Farley--its about future production
The simple truth isn't hard to understand--we have an administration who has a stated goal to increase green energy production--=at all costs
Wake up farley--progressive policies do the most damage to the exact demographic they profess to protect. The middle class and working poor.
PS Farley--IF Steven Chu and Barack Obama came out tomorrow and said they are going to "fast-track" drilling permits and lift the moratorium in the Gulf, the "speculators" would start driving the price of Crude Oil DOWN and quickly--and reality for you knuckleheads-There are 12 clean energy companies that were having trouble after collectively being approved for more than $6.5 billion in federal assistance. Five have filed for bankruptcy: the junk bond-rated Beacon, Evergreen Solar, SpectraWatt, AES' subsidiary Eastern Energy and the infamous Solyndra.-This is the stupidity that is EMBRACED by the left as if they believe that renewable energy will be available en masse tomorrow if we just pump billions and trillions into these wasteful projects right now-The problem is we have no technology now or in the forseeable future to store renewable energy.
This is the stupidity that is EMBRACED by the left as if they believe that renewable energy will be available en masse tomorrow if we just pump billions and trillions into these wasteful projects right now
Definition of a progressive: Ask the government to do something you would never do in your personal life and then defend it when it fails