Fred's Myth
Nonhyphenated American
Charitable contributions are displacing the government's role, minimizing the control they wish to exert. How coup d'état.
BIDEN BLOWS UP OIL PRICES BY CANCELLING DRILLING IN U.S. NOW BEGS OPEC
- Thread starter Swanson
- Start date
Wally
BrownCafe Innovator & King of Puns
More attacks on US fossil fuel production. Meanwhile in Iran and Venezuela...
abcnews.go.com
US rule would limit methane leaks from public lands drilling
The Interior Department has proposed rules to limit methane leaks from oil and gas drilling on public lands
If billions in taxpayer owned natural gas can be collected, sold and used rather than burning it off or venting it, what do you find wrong with that?More attacks on US fossil fuel production. Meanwhile in Iran and Venezuela...
US rule would limit methane leaks from public lands drilling
The Interior Department has proposed rules to limit methane leaks from oil and gas drilling on public lands
It's not about that. It's about making it more difficult for producers to operate at a profit. A lot of drilling comes from small wildcatters.
Oh don't you worry you're pretty little head about the profitability of oil. If a way could be found to collect that wasted natural gas freeze and sell it for top dollar to the EU oil companies will make even more money. In fact if you were to look at the forward guidance of big oil there is in fact a focus on reducing gas flaring.
If it was profitable to do such they would already be doing it. This is just another attack on the industry. Which you are whole heartedly in support of.
Devon Energy in it's environmental impact report says that it will reduce it's GHG by 65% by 2030 and 100% by 2050 through the elimination of flaring as it's primary objective toward that goal. Hopefully that news will make you a little less afraid.
Then it's not viable NOW but the administration is going full steam ahead.
Devon's success in that sector proves that's it is viable and the other oil companies will be under pressure to follow Devon's lead and it's technology. In the meantime Biden's directive only applies to federal acreage. In does not apply to privately owned land.
Replaced dollar for dollar? Show me the numbers. And BTW those charitable donations can dry up in a heart beat and in a recession they almost always do.
bottomups
Bad Moon Risen'
If something isn't viable should it be terminated?
Until it is then yes.
And a lot of wildcatters depend very much on access to public land. And if it's viable now then why will it take them until 2030 or later to do it?
Fred's Myth
Nonhyphenated American
You do realize that Devon and other energy producers flared natural gas because there were no pipelines or available trucks to capture and transport it to markets, and that the market volatility sometimes made that capture unfeasible anyway.
Kinda like operating a fishing boat when the bait costs more than the catch is worth.
Neither one of us is a petroleum or environmental engineer. At the same time simply take a moment to read the environmental statements of Devon, Exxon Mobil ,Chevron or whoever else you want. They'll all tell you about the progress they have made in reducing GHG , the billions they have already spent and the billions more they will spend on that effort. Now you can dismiss those claims any A hole can do that, But, can you disprove them? Especially when it's information that has to be filed with the EPA and SEC.
Wally
BrownCafe Innovator & King of Puns
Biden's folly will make it good business sense to shut down some wells.
PT Car Washer
Well-Known Member
Cheap oil does make some wells unprofitable. It's a business.
And we all heard conservative media hollering it's damn fool head off claiming that Biden cancelled an Alaskan oil lease when the truth of the matter was that the leased expired after nobody wanted it. Federal land oil leases expire after 5 years if nobody will take the offer. In this case Cook Inlet it had been put out for bid twice and nobody wanted it.