Preparing For What Might Be Next

[bacha29]

Just stop for a second, turn your brain on, and nvm the bull numbers that can be invented and inflated for any thing

Do you believe in your heart that oil drilling is doing better under a Biden presidency than a Trump one?

The numbers are public information backed by SEC filings. Information that public policy makers and financiers depend on to be accurate.

 

[wilberforce15]

I invest where the wind is at my back in the long run.

The wind is not with oil. I have no idea why someone would be a long-term investor or lender in that space. It's moronic.

 

[DriveInDriѵeOut]

The numbers are public information backed by SEC filings. Information that public policy makers and financiers depend on to be accurate.

Leases are not permits.
Hope this helps.

 

[bacha29]

So your answer is yes, that you desire for the oil industry to ultimately go away, or that you believe it is inevitable and would pursue policy to hasten that.

That's all you need.

You don't fight the Fed. You don't invest in things that the White House vows to bankrupt. You don't loan to industries that all the papers and institutions and media and government hate.

This isn't hard. When the whole world regrets that your industry even exists....dont' pour money into it.

Your last sentence says it all. Are you not part of the world? One that regrets that the oil industry exists? We as a nation has been trying to wean itself off of oil from all sources ever since the first Arab oil embargo of 1973. Rest assured if Europe had redoubled it's efforts to get off of Russian gas and oil the West response to Putin's invasion of Ukraine would have been much more forceful perhaps enough that he wouldn't have done it. But Europe did not do so and Putin has taken advantage of it and in doing so what he's doing is pure political blackmail. Furthermore it's more often than not over production the reason oil companies go bankrupt and reducing it's vulnerability to those cycles is what it's doing to keep from going bankrupt . And forward thinking oil companies like Chevron and Devon are diversifying into what? Cleaner burning fuels. And that effort is what is creating the improved balance sheets they now enjoy.

 

[bacha29]

Leases are not permits.
Hope this helps.

There's 9000 approved permits sitting on the desk at DOE and have been there for months waiting for the oil companies who filed for them to come and get them. In addition there's 20 million acres of federal land leased to oil companies but are not being drilled. So why do they do that? Often it's simply to keep somebody else from getting them. Oh and BTW royalties paid for oil extracted from public lands is only a one eighth share . Private landowners can negotiate for more while the public royalty has remained the same for many years.

 

[wilberforce15]

Your last sentence says it all. Are you not part of the world? One that regrets that the oil industry exists? We as a nation has been trying to wean itself off of oil from all sources ever since the first Arab oil embargo of 1973. Rest assured if Europe had redoubled it's efforts to get off of Russian gas and oil the West response to Putin's invasion of Ukraine would have been much more forceful perhaps enough that he wouldn't have done it. But Europe did not do so and Putin has taken advantage of it and in doing so what he's doing is pure political blackmail. Furthermore it's more often than not over production the reason oil companies go bankrupt and reducing it's vulnerability to those cycles is what it's doing to keep from going bankrupt . And forward thinking oil companies like Chevron and Devon are diversifying into what? Cleaner burning fuels. And that effort is what is creating the improved balance sheets they now enjoy.

I do not regret the oil industry exists. I am part of the world.

 

[DriveInDriѵeOut]

There's 9000 approved permits sitting on the desk at DOE and have been there for months waiting for the oil companies who filed for them to come and get them.

LMAO
You literally just parrot the fake narrative that peppermint patty psaki spewed to the press.

Leases aren't permits, permits aren't oil. Everything this administration has done was with the purpose of getting less oil. Higher prices are the goal.

Why do you people lie about that?

 

[bacha29]

LMAO
You literally just parrot the fake narrative that peppermint patty psaki spewed to the press.

Leases aren't permits, permits aren't oil. Everything this administration has done was with the purpose of getting less oil. Higher prices are the goal.

Why do you people lie about that?

Oil requires drilling. Drilling requires permits. Permits all 9000 of them are sitting there waiting for the applicants to take them and go drill for oil. Why not? And don't go blaming the administration because it has fulfilled it's requirements. From that point onward it's up to the oil companies to take those permits and drill. Why haven't they? Once again it comes down to the strategic plans set forth in it's forward guidance. And that guidance plainly states that the industry refuses to operate in the unfavorable market conditions of the past. Conditions the industry itself created.

 

[quad decade guy]

Oil requires drilling. Drilling requires permits. Permits all 9000 of them are sitting there waiting for the applicants to take them and go drill for oil. Why not? And don't go blaming the administration because it has fulfilled it's requirements. From that point onward it's up to the oil companies to take those permits and drill. Why haven't they? Once again it comes down to the strategic plans set forth in it's forward guidance. And that guidance plainly states that the industry refuses to operate in the unfavorable market conditions of the past. Conditions the industry itself created.

LOLOLOLOLOLOLOLOLOL....

Your statement is completely devoid of reality.

Conditions.....that are made unprofitable through onerous Federal BS. OMG.

Liberal nonsense. Strategic plans indeed.....by the green nuts. Plans that include ELIMINATING oil.

See?

And blaming the "Administration"? Absolutely......they run everything. Why wouldn't you?

 

[DriveInDriѵeOut]

Permits all 9000 of them are sitting there waiting for the applicants to take them and go drill for oil. Why not?

Because Democrats installed a regime who vowed to destroy the fossil fuel industry. Among other things.

How are you still confused?

 

[quad decade guy]

Because Democrats installed a regime who vowed to destroy the fossil fuel industry. Among other things.

How are you still confused?

It's called being obtuse.

By deflecting and suspending reality. A liberal pillar.

 

[wilberforce15]

Oil requires drilling. Drilling requires permits. Permits all 9000 of them are sitting there waiting for the applicants to take them and go drill for oil. Why not? And don't go blaming the administration because it has fulfilled it's requirements. From that point onward it's up to the oil companies to take those permits and drill. Why haven't they? Once again it comes down to the strategic plans set forth in it's forward guidance. And that guidance plainly states that the industry refuses to operate in the unfavorable market conditions of the past. Conditions the industry itself created.

You want the industry to stop existing. Biden wants the industry to stop existing.

And yet you insist that you are trying to support it.

Lying is like breathing for you.

 

[oldngray]

Oil requires drilling. Drilling requires permits. Permits all 9000 of them are sitting there waiting for the applicants to take them and go drill for oil. Why not? And don't go blaming the administration because it has fulfilled it's requirements. From that point onward it's up to the oil companies to take those permits and drill. Why haven't they? Once again it comes down to the strategic plans set forth in it's forward guidance. And that guidance plainly states that the industry refuses to operate in the unfavorable market conditions of the past. Conditions the industry itself created.

“They must organize and safely manage their reservoir and satisfy several regulatory requirements, such as an onsite inspection, environmental review and permit approval. This process can actually take up to 10 years.
“Experts say even if these companies start drilling more oil wells today, it could take anywhere from six months to years for that oil to start flowing.”

Front Page Featured | MRCTV

www.cnsnews.com

 

[Fred's Myth]

You want the industry to stop existing. Biden wants the industry to stop existing.

And yet you insist that you are trying to support it.

Lying is like breathing for you.

Give @bacha29 the benefit of the doubt.

I think of him as a Devil’s Advocate, always taking the wrong side of an issue, in order to illustrate how stupid Dimocrats are.

 

[Thebrownblob]

The numbers are public information backed by SEC filings. Information that public policy makers and financiers depend on to be accurate.

Everyone knows the government would never lie or manipulate number, just like UPS would never lie or manipulate numbers, honesty in reporting is the most important thing for corporations and the government. Right?

 

[olroadbeech]

I'm with Georgie Carlin

Rooting for WW3

 

[What'dyabringmetoday???]

I'm with Georgie Carlin

Rooting for WW3

You are so intelligent. We are lucky.

 

[vantexan]

Just underwent a triple bypass a couple months back. Surgeon AND hospital bill were under $200k, contractually discounted to under $31k. You frequent Walter Reed or something?

Just had a double bypass. I'm practically an invalid. How long did you take to recover?

 

[Babagounj]

I invest where the wind is at my back in the long run.

The wind is not with oil. I have no idea why someone would be a long-term investor or lender in that space. It's moronic.

The amount of energy used to manufacture, ship and construct a single windmill is greater than all the power this windmill will produce over its limited lifetime.

 

[Sportello]

The amount of energy used to manufacture, ship and construct a single windmill is greater than all the power this windmill will produce over its limited lifetime.

That is simply not true.