Alaska Senator Dan Sullivan discusses Biden drilling obstruction on CNBC

Here's an article on Biden reducing flaring of natural gas.  One of many potential examples of impact is Sleepy's policy in the Bakken oil fields (aka Bakken play).  They had already flare a bunch of gas.  Why?  Because the government won't let them put in a network of natural gas pipelines to move the stuff to market.  Now Sleepy is telling them to decrease the amount of flared gas...........and still no pipeline.  What does that mean?  A mandated decrease in oil and gas production.  Kevin doesn't know, but every drilling project produces gas and oil.

They've also needed another oil pipeline for this region, because moving product by train is crazy expensive.  What does high transportation cost do?  It causes the shutdown of marginally profitable well.

Liberals have been doing their best to obstruct this business for years.

https://insideclimatenews.org/news/25022022/flaring-venting-natural-gas-economics/#:~:text=In%20addition%20to%20the%20methane,to%20limit%20natural%20gas%20flaring.

US Oil exports surge as oil diverts to Gulf instead of domestic storage

Our domestic oil is being sold to foreign markets and delivered to port via pipeline ( that doesn't exist according to Boilerman).    This is at the cost of filling our domestic storage  facilities.

Foreigners are paying more for oil than the US is - so they get preference.   You can agree or not agree with that policy.   What you cant do is say we somehow have a problem moving oil.    This is a conscious decision made by oil companies (not Joe Biden) to export oil instead of sell it domestically. 

Gee, now Davey Dog thinks that America doesn't produce gasoline--Biden shut that all down. With his vast power to decree whether or not gasoline is produced.

Of course, Biden, with his vast power and total control over the oil industry, both decreed the high price of gasoline AND ordered that none of it should be produced. We're now forced to get our gas from visiting space aliens.

And, of course, in Davey Dog World, we don't sell fossil fuels to other countries. Because an "energy independent" country couldn't do that, could it?

Conservitards really make themselves look like fools when they twist themselves into logical knots in order to criticize Biden.

Boiler doesn't know (and given his stance as a supposed expert, this is surprising) that not every drilling project produces any gas and oil at all, and many such projects don't produce enough to make it profitable to set up mechanisms, such as pipelines, to move it.

Boiler also doesn't know, or understand, that unrestricted, unregulated fossil fuel production isn't in the country's best interests. He and the fossil fuel companies scream that any such regulation is "obstruction" and that liberals are on an evil crusade to destroy the noble fossil fuel industry.

At least the oil lobbyists and politicians are paid to disseminate that propaganda. Boiler is working for them for free. Sucker!

Bakken flares 30% of their produced gas now.  They would greatly prefer to move this to market via pipeline.  Now Biden is telling Bakken that they must flare gas and construction of a pipeline to move gas will not be allowed.  If Sleepy gets his way, this will mandate the shutdown of existing wells, and stop future development.  

If I'm wrong, explain why.

PJ, your argument that we are exporting oil is true and we should be doing this.  We should produce enough to satisfy our needs at home and we should be exporting oil and gas.  And your argument that product is moving by oil to the Gulf proves that we don't need more pipelines is quite silly.  You might as well argue that you drove on a new road with no potholes, proving that all roads are pothole free.

Baken needs another natural gas pipeline and an oil pipeline.  This will facilitate increased production in the region.  Drilling leases were purchased with hopes that these pipelines would be built.  If Sleepy gets his way, these leases are worthless and the permits to drill we go unused.

Is Kevin arguing that Bidden is restricting oil and gas production or not?

And what the hell is Kevin's point about dry wells.  I'm quite familiar with this issue, as my buddy Pete always told me when their wells were successful and unsuccessful.  Why?  Because an ultra-deepwater well runs about $125,000,000, and that number can change wildly due to the lease price of drilling rigs.  When demand is low, a rig may cost $300,000 a day to lease, and when demand is high, lease prices may push prices to nearly $1,000,000 per day.  This dramatically changes the $125,0000,000 average cost to drill a well.

I typical deepwater rigs costs about $1 billion to build and when leased comes with an experienced team of employees.

Kevin, I've never claimed to be an expert in this business.  I do know far more than most, however.

Whatever knowledge you do have is being distorted by your political beliefs.

No, Biden isn't restricting production. If you've been paying attention (and haven't been prone to selective perception), you'd know that recently, Biden has repeatedly called on the fossil fuel companies to increase production.

The key there is not what you'd think--it's that Biden can't order the fossil fuel companies to produce more. Therefore, he also can't order them to produce less. They can do what they want. And they always have!

I have no doubt that drilling and rigs are expensive. It's also obvious that the price of fossil fuel products is a primary factor in whether production is worthwhile. So the current world-record price of this shit should make it profitable to drill/set up rigs at sites where it might not have been profitable before, right?

So here's what I'm really, really surprised you don't understand. There are literally thousands of productive wells that aren't being used, because the fossil fuel companies haven't deemed it profitable to exploit them. So it isn't a lack of drilling permits or them horrible liberal environmental wackos putting a chokehold on the noble fossil fuel industry. It's that those companies have absolutely no incentive to produce more than the bare minimum when demand is low. And there's a lot of inertia involved when they do decide to ramp up production.

And that's the huge flaw in the system! Global events can alter the demand for and price of fossil fuel products much more quickly than the fossil fuel companies can respond to it. And when they can't do that, people suffer, in hundreds of ways large and small.

Therefore, the fossil fuel industry should be nationalized and a strategic petroleum reserve MUCH larger than the present one should be created, in order to smooth out fluctuations in the market. The fossil fuel companies maximize their profits, which is to be expected, but that hurts the nation as a whole.

Calling for increased production is just talk. Putting roadblocks to prevent production is action.  Saying that thousands of permits are not being used without context is pointless. The context has been provided but as usual it is ignored. Leases are not being approved & others cancelled.  Leases are not being approved & others cancelled. 

With Russian oil exports being limited the oil has to come from somewhere. 

Who here has an electric or hybrid car?  I have a Hyundai hybrid. 

Stupid Tommie-poo, you just made my point! All Biden can do is call for increased production. The idiot RepubliQ lie that Biden controls the price of gasoline and can force the fossil fuel companies to increase or decrease production is a common conservitard meme, but people with brains know better.

Russia supplies 1-3% of the US's oil, depending on market conditions. Please explain to all of us why that should result in a doubling of prices.

On second thought, don't bother. Stupid Tommie-poo.

  Lewis can not see the forest for the trees - and he has the audacity to call others "stupid".