Oil's slide

PJ, please let me know of one US pipeline that hasn't fought tough battles with liberal groups to get a deal done. FIND ONE PLEASE! Keystone is one of many.

Obama has great power over oil companies on public lands, and far less power of oil companies on private lands. Oil production on public lands is DOWN 30% since Obama took office, and up 60% on private lands. Obama is involved and business sucks. Obama is not involved and business is great.

Obama needs to eliminate the 18% royalty fee that all oil companies pay the federal government for pulling crude from public lands............especially on deep water projects.

Obama needs to lead the push to open crude exports.

Obama needs to lead the push for more pipeline construction and more oil refineries.

Obama needs to stop obstructing deep water projects.

No one needs to paint Obama as an "anti-business-enviro-nut". He has proven that himself.



Quote

Originally posted by: pjstroh
Keystone pipeline is for oil sands - not fracking - so that point is bogus...which would suggest your outstanding intelligence on the subject would seem to fall short.

Oil companies have access to more drilling than they need - hence the "uncomfortably" low oil prices. And their costs are already vastly lower than deep water drillers and oil sand recovery.

I understand that people like Boilerman want to paint the president as an "anti-business-enviro-nut" but you cant say he's killing the fracking industry while simultaneously bragging about that industry's success. And yet that is what people like Boilerman do.

Its actually very entetrtaining to watch the critics. 2 years ago Mitt Romney was blaming Obama for high gas prices...now the critics are pissed that oil is so cheap!

Quote

Originally posted by: Boilerman
Not allowing drilling on public lands limits the technology learning curve. Not allowing pipelines, which limits exploration and drilling, limits the technology learning curve. No drilling equals no learning. Lots of drilling equals lots of learning.

I've got outstanding intelligence within this industry..............both on the exploration and production sides.


Quote

Originally posted by: pjstroh
Quote

Originally posted by: Boilerman
The cost to raise oil via horizontal drilling and fracking within the United States will drop $10 - $20 per barrel over the next 5-10. Technology is improving at a magnificent rate within this market. Just get Obama and friends out of the way.


I know thats your default response to everything but what exactly are Obama and friends doing to impede this technology?




Quote

Originally posted by: Boilerman
PJ, please let me know of one US pipeline that hasn't fought tough battles with liberal groups to get a deal done. FIND ONE PLEASE! Keystone is one of many.

Obama has great power over oil companies on public lands, and far less power of oil companies on private lands. Oil production on public lands is DOWN 30% since Obama took office, and up 60% on private lands. Obama is involved and business sucks. Obama is not involved and business is great.

Obama needs to eliminate the 18% royalty fee that all oil companies pay the federal government for pulling crude from public lands............especially on deep water projects.

Obama needs to lead the push to open crude exports.

Obama needs to lead the push for more pipeline construction and more oil refineries.

Obama needs to stop obstructing deep water projects.

No one needs to paint Obama as an "anti-business-enviro-nut". He has proven that himself.



Oh, no! no! no! my dear Boilerman. I didn't make any baseless assertions. You did. You said Obama was in the way of fracking and then pointed to an oil sands pipeline as proof. Can you name a single fracking pipeline he's blocked? And if not, should't you remove that argument from your arsenal on the basis of it being complete BS?

Regarding oil roylties...if you could name a single US president in the past that advocated getting rid of royalties you might be able to suggest that is a conservative vs liberal issue. But its actually a Boilerman vs almost everyone else issue....because almost everyone else thinks oil companies should not get welfare from the government by getting free mining access to land/sea they dont own...and that includes that last president that was bought and paid for by Haliburton.

Federal agencies have been ordered by the White House to crack down on oil and gas drilling. President Obama’s “Climate Action Plan” requires that the Environmental Protection Agency and the Interior Department look into ways to regulate methane emissions from fracking and regulate the practice on federal lands.
Quote

Originally posted by: hoops2
Federal agencies have been ordered by the White House to crack down on oil and gas drilling. President Obama’s “Climate Action Plan” requires that the Environmental Protection Agency and the Interior Department look into ways to regulate methane emissions from fracking and regulate the practice on federal lands.


You mean he responded to one of the biggest oil spills in history by addressing the oversight holes that were partially accountable for it? And you have a problem with that? Wow.

If your definition of "hindering the oil industry" is making them accountable for carelessly poisoning, killing, and polluting our people then I'm happy to disagree. Of course, if you define "hindering the oil industry" as killing their profits then you will have a hard time building a case that doesn't get laughed at

PJ, please cut and paste Boiler's mention of Keystone pipeline.

Here's a new project coming up and we can watch in living color over he next five years as Liberals fight this pipeline project at all levels. I've worked for oil companies for about 20 years, and every pipeline project, refinery expansion, and anything is a fight with local Liberals, state Liberals, and finally federal Liberals. They suck and I've experienced it for decades. My father managed a two oil pipelines, by the way. I've lived it.

Now let's talk about oil refineries. The last World scale US refinery was built 40 years ago. This, lack of new pipelines, is because of Liberals. We need pipelines, and we need refineries, and PJ argues that it's not Liberals slowing the project? I guess he thinks that Conservatives are fighting this process, which is ridiculous.

My buddy Pete and I talked royalties recently. They've been at 18% for years, but he has seen them waived many times during his 33 year career. It would be far from uncharted waters, and it's done to encourage drilling. That's right up Obama's alley!

PJ, welfare is a giveaway of money that was earned by another. Exxon keeping money that was earned by Exxon is not welfare.



Just like PJ argues that Obama hasn't squeezed the life out of gulf oil production. I have very close friends who assure me that Obama and friends are finding problems (that don't exist) with EVERY project. Even those working for the government now admit in private moments to my oil buddies that they've been told to cause problems for oil companies, or lose their jobs.

https://www.pennlive.com/midstate/index.ssf/2014/10/sunoco_pipeline_puc_overturns.html



Quote

Originally posted by: pjstroh
Quote

Originally posted by: Boilerman
PJ, please let me know of one US pipeline that hasn't fought tough battles with liberal groups to get a deal done. FIND ONE PLEASE! Keystone is one of many.

Obama has great power over oil companies on public lands, and far less power of oil companies on private lands. Oil production on public lands is DOWN 30% since Obama took office, and up 60% on private lands. Obama is involved and business sucks. Obama is not involved and business is great.

Obama needs to eliminate the 18% royalty fee that all oil companies pay the federal government for pulling crude from public lands............especially on deep water projects.

Obama needs to lead the push to open crude exports.

Obama needs to lead the push for more pipeline construction and more oil refineries.

Obama needs to stop obstructing deep water projects.

No one needs to paint Obama as an "anti-business-enviro-nut". He has proven that himself.



Oh, no! no! no! my dear Boilerman. I didn't make any baseless assertions. You did. You said Obama was in the way of fracking and then pointed to an oil sands pipeline as proof. Can you name a single fracking pipeline he's blocked? And if not, should't you remove that argument from your arsenal on the basis of it being complete BS?

Regarding oil roylties...if you could name a single US president in the past that advocated getting rid of royalties you might be able to suggest that is a conservative vs liberal issue. But its actually a Boilerman vs almost everyone else issue....because almost everyone else thinks oil companies should not get welfare from the government by getting free mining access to land/sea they dont own...and that includes that last president that was bought and paid for by Haliburton.


Quote

Originally posted by: Boilerman
PJ, please cut and paste Boiler's mention of Keystone pipeline.



Thats the only pipeline Obama is blocking - unless you can name another which I asked you to do ...and then you ran away and started a rant about liberals. And your other points dont have anything to do with fracking which was your original point and have also run away from.
I gotta say, I'm leaning more towrds PJ's arguement on this one. After the BP spill there needs to be more oversight in the field, that was a F'n disaster and should neber be repeated. Trust me I know what a pain in the ass having the OSHA guy or the DNR guy or whoever breathing down your neck all the time. My family was in the deep mining and strip mining business(coal, for those unfamiliar) and it seemed like a constant battle to keep within regs.
Boiler can't find an article about Liberals blocking new refineries, yet we haven't had a refinery built in 40 years. Boiler can't find an article discussing Obama policy strength on public and private lands, but where he has strength there is no drilling. The facts are the facts. Liberals fight every oil/natural gas related project............and everyone on this site knows that I'm correct.

If one can't transport the oil, then one doesn't drill. Great Liberal strategy.

Quote

Originally posted by: pjstroh
Quote

Originally posted by: Boilerman
PJ, please cut and paste Boiler's mention of Keystone pipeline.



Thats the only pipeline Obama is blocking - unless you can name another which I asked you to do ...and then you ran away and started a rant about liberals. And your other points dont have anything to do with fracking which was your original point and have also run away from.


Obama told his guys reviewing offshore drilling projects to make stuff up to prevent these projects from moving forward. PJ says no, but the projects never happened.


Quote

Originally posted by: jatki99
I gotta say, I'm leaning more towrds PJ's arguement on this one. After the BP spill there needs to be more oversight in the field, that was a F'n disaster and should neber be repeated. Trust me I know what a pain in the ass having the OSHA guy or the DNR guy or whoever breathing down your neck all the time. My family was in the deep mining and strip mining business(coal, for those unfamiliar) and it seemed like a constant battle to keep within regs.


Remember that fracked oil wells get oil or gas for a brief time, you must continue to drill new ones to keep the oil and gas flowing at the same rate.

Deep offshore oil costs much more to drill but lasts a long time and produces more assets.

The Keystone pipeline would be to our advantage to build. It would create jobs to build and put in place another source of hydrocarbons.

American producers will temporarily close down wells when they become unprofitable to produce, but the hydrocarbons remain to be produced in profitable times.

Natural gas will become much more profitable with the LNG terminals now being built for export. We can get about 4 times the revenue exporting it than we get selling it domestically.

Finally, America no longer has to haul oil from the Middle East ,saving vast sums of money (in the past, added to your oil bill).



Already a LVA subscriber?
To continue reading, choose an option below:
Diamond Membership
$3 per month
Unlimited access to LVA website
Exclusive subscriber-only content
Limited Member Rewards Online
Join Now
or
Platinum Membership
$50 per year
Unlimited access to LVA website
Exclusive subscriber-only content
Exclusive Member Rewards Book
Join Now