Originally posted by: Boilerman
My buddy, was as recently as 2021 was involved in meetings with government officials discussing an ultra-deepwater Gulf of Mexico project. He has been involved in many such meetings the past 20 years as was a high level engineering project manager.
Pete is not a bar buddy (although we drink like fish when together), but a friend and room mate from college. We stood up in each others weddings. While he lives in Houston and I live in Indy, we do about four weekend trips together each year.......Vegas, for example. I talk with Pete about 5 times a week. He's my best friend, and I've heard from him how things change in his business under different administrations. He complained the most during the Obama years about regulators strangling oil and gas development projects.
If you watch the video that David posted yesterday, the South Dakota governor addresses this very issue, because he knows what's happening. It's not the regulations that's the problem, but instead a policy to stall and stop drilling.
There are about 4500 unfinished wells in the US as we speak, and these could be completed quickly, if only Biden and friends would get the fuck out of the way. South Dakota's governor agrees with me.
Here we go again - You keep trying to turn the discussion to new wells and new projects that dont exist yet.
The gulf well and new land in SOuth Dakota have nothing to do with the undercapacity they are drilling at their existing installations that they are purposfully drilling less from.
So lets conclude it this way. I posted articles from executives and analysts that explain why they aren't drilling from their existing wells.....and you had a conversation with a buddy. Our readers can decide for themselves which is a more credible source.
