American Oil Drillers: Democrat Policies Blocking Energy Production

[livingston]

American Oil Drillers: Democrat Policies Blocking Energy Production​

Oil drillers say they are working to fill the recent void in the oil market but are hampered by Democrat policies.
While gas prices rose about one dollar before the run-up to the Ukrainian war and 70 cents since the invasion of Ukraine, President Biden has blamed the oil industry for not producing enough oil to shore up the oil crisis from the war. He claims American drillers are not utilizing 9,000 leases on private land.

But American shale drillers have pushed back by suggesting Biden’s supply chain woes and woke private, and public investment strategies have dramatically slowed swift production.

“Getting lenders to choke off money to fossil fuel companies is the next needed move for the industry to address the material risks that the coal, oil and gas industry faces,” Leslie Samuelrich, president at investment advisory firm Green Century Capital Management, said back April about industry’s future lending decisions.

Samuelrich’s analysis has come true, which is greatly reducing the feasibility of new oil projects on the reported 9,000 private land leases.

“Ten years ago, the ‘cost of capital’ for developing oil and gas as compared to renewable projects was pretty much the same, falling consistently between 8% and 10%. But not anymore,” Bloomberg reported in November. Now the cost of capital is reportedly 20 percent for long-cycle developments.

Biden’s attack on private financing is only one angle of assault. In August, a Biden changed global bank financing rules that make it more difficult for drillers to find investors. The policy is intended to accelerate renewable energy investment rather than fossil fuel investment, thereby greatly defunding oil production.
The Wall Street Journal reported Wednesday that oil drillers believe the “flight of capital from the fossil-fuel industry in recent years has left U.S. oil patches without enough fracking equipment to bring a ton of new wells online, and that a resurgence of go-go drilling would deplete companies’ most valuable drilling locations”:

Lenders—who have become more wary of funding oil-related ventures as environmental, social and governance ideas catch on in financial circles—are still unwilling to give money to most of the nation’s crop of oil-field service companies, or to smaller oil producers that want to expand their operations, executives and analysts said. That has left small but instrumental players short of the financing they need to repair fracking equipment sidelined during the start of the pandemic, or invest in building drill bits, drilling rigs and blowout preventers.

Biden also has a third approach to damaging the American oil industry. Biden has nominated Sarah Bloom Raskin to the Fed. It is well known Raskin expressed interest in driving up financing costs for fossil fuels. In a New York Times op-ed from 2020, Raskin dubbed the oil industry as “dying” and suggested the Fed should not support the oil drilling.

American Oil Drillers: Democrat Policies Blocking Energy Production

Oil drillers say they are working to fill the recent void in the oil market but are hampered by Democrat policies.

www.breitbart.com

 

[livingston]

BOSTON, Feb 9 (Reuters) - New York's state pension fund will sell $238 million worth of stock and debt it holds across 21 shale oil and gas companies including Chesapeake Energy Corp, Hess Corp (HES. N) and Pioneer Natural Resources (PXD. N), saying they have not shown they are ready to move to a low-emissions economy.Feb 9, 2022

 

[livingston]

NYC pension funds to divest $4 billion from fossil fuels​

NEW YORK (AP) — New York City officials announced this week that two pension funds for city workers will pull an estimated $4 billion in investments from fossil fuel companies in order to promote clean energy use.

“The divestment from fossil fuels is possible and necessary,” said City Comptroller Scott Stringer, who joined Mayor Bill de Blasio at a video briefing on Tuesday. “Smart investment policy and smart climate solutions go hand in hand. And we are putting our money where our mouth is.”

Several dozen universities have already stopped investing, at least partially, in fossil fuels, often under pressure from students.

NYC pension funds to divest $4 billion from fossil fuels

New York City officials have announced that two pension funds for city workers will pull an estimated $4 billion in investments from fossil fuel companies.

apnews.com

 

[livingston]

Democrats are doing everything they can to dry up the money supply needed to borrow money used in the production of oil, coal, and NG

 

[96coal449]

Democrats are doing everything they can to dry up the money supply needed to borrow money used in the production of oil, coal, and NG

But of course. Yet FJB is is sending ''billions of aid to Ukraine.'' Translation: The pockets of the elites are being lined with the transfer of wealth, while Americans are being robbed blind. In multiple plays.

It may be time to cut their payroll.

 

[tirwin1]

But of course. Yet FJB is is sending ''billions of aid to Ukraine.'' Translation: The pockets of the elites are being lined with the transfer of wealth, while Americans are being robbed blind. In multiple plays.

It may be time to cut their payroll.

"May?"

 

[livingston]

But of course. Yet FJB is is sending ''billions of aid to Ukraine.'' Translation: The pockets of the elites are being lined with the transfer of wealth, while Americans are being robbed blind. In multiple plays.

It may be time to cut their payroll.

The idea that the oil patch is bad has been taught in our schools for the last decade or two. ... Green will save the day.. Now we see schools divesting away from oil stocks and investments . because students are demanding it. Obama is laughing all the way to the bank. .

 

[96coal449]

"May?"

Some here know, I've been calling for that for some time.

 

[Dr. Evil]

Biden's Energy Secretary: "It's Not Coming, Its Here"

For more exclusive interviews, insight, and analysis like this, SUBSCRIBE to The Charlie Kirk Show TODAY: https://apple.co/2VCxGsh And for EVEN MORE—tune in to The Charlie Kirk Show LIVE on Salem Radi

rumble.com

 

[livingston]

Blackout Policy States waging war on fossil fuel​

As energy prices soar, some states press on with anti-fossil fuel strategies at odds with reality.
But apparently the times haven’t been extraordinary enough to deter some states from their war on fossil fuels. Governors and legislators in several states are plunging ahead with a pipeline ban, new taxes, and added regulatory oversight—all aimed at raising prices further and weaning Americans off natural gas and oil.
Michigan governor Gretchen Whitmer is pursuing closure of a major oil and gas pipeline, the Enbridge Line 5, which carries supplies from Western Canada to energy users in five midwestern states. Whitmer says the line, in operation since 1953, would present an environmental problem if it were to rupture in the portion that runs underwater beneath the Straits of Mackinac connecting Lakes Michigan and Huron—though that hasn’t happened in nearly 70 years. To allay fears, the pipeline owner, Enbridge, wants to move it into a tunnel dug below the straits, but Whitmer has decreed instead that the line be shut. A new study estimates that individuals and businesses in the five affected states would spend $23 billion more on energy costs over the next five years if the line closes, on top of any additional energy costs resulting from a sustained war in Ukraine. Hardest hit would be users in Michigan and Ohio, who would each sustain about $2 billion a year in new costs.


Pennsylvania governor Tom Wolf has been trying for four years to join the Regional Greenhouse Gas Initiative, a consortium of states that agree to tax power plants and funnel the revenues into cleaner energy sources. So far Republicans in Harrisburg have blocked him, arguing that the estimated $410 million in taxes on the state’s power plants would be passed on to consumers in the form of higher prices. Opponents also worry about the implications of Pennsylvania, which produces more natural gas than any state except Texas, joining a group that levies extraordinary taxes on fossil fuels. Pennsylvania Senate president Jake Corman, a Republican, said that doing so would “send a terrible message across the country” and result in disinvestment in the state’s fracking industry at a crucial time in world affairs. But Wolf is forging ahead, arguing last week that he did not need legislative approval to join the group and levy its taxes on state producers. Meantime, Virginia’s new Republican governor Glenn Youngkin is trying to remove his state from the group. “Simply stated, the benefits of RGGI have not materialized, while the costs have skyrocketed,” Youngkin said in an executive order.

Another state that relies heavily on oil and gas production, Colorado, is sharply increasing regulatory oversight of the industry at enormous costs. The state’s Democratic legislature granted extensive new oversight powers to the Colorado Oil and Gas Conservation Commission in 2019, and last week the group announced that it was vastly increasing financial guarantees that oil and gas well owners must make to operate wells. The new costs, ranging from 10 to 30 times larger than the former financial guarantees, add to regulatory expenses that already amount to some $500 million a year for producers. Industry advocates have argued that the higher expenses could cost the state tens of thousands of energy jobs.

Blackout Policy

The war in Ukraine has sent world oil prices soaring and the Biden administration scrambling to find new energy supplies. Even Tesla founder Elon Musk, whose business model is built on supplying Americans with luxury electric-powered vehicles, has said that the United States needs to increase...

www.city-journal.org

 

[BerettaGuy]

BUT BUT BUT! Hollywood and the gaslighting media are saying Americans are "happy" to pay more for gas.
Stop with all the FUD!
Uncle Biden is saving the world through his magnificence and greenness.
WWIII has started and Americans are thrilled to make sacrifices for the "war effort".
All of the GEN XYZ'ers are happy to sacrifice and make the "greatest generation" look like pussies as they stay hydrated with their baba's that they pay more for than oil in a gym they pay money to so they can work up a sweat, so they can drink more water from the baba and stay hydrated.
Now go out and be happy!

 

[ManualF150]

With all this red tape, why don't "we" (meaning the people), just ignore what politicians say and just revolt and start being energy independent again?

I know it sounds easy... but at this point the American people need to start ignoring this cloud of nonsense, and start taking things into their own hands.

It's sickening to know that we've got all the equipment and fossil fuels right here in the USA, and it's paper pushers that stop it all.

Not to bring back the COVID topic, but it's no different than a majority of us ignoring the mask mandate.

What are they gonna do? Send the Natty Guard to stop a drilling or refining operation? I doubt that would fly.

 

[spat]

But of course. Yet FJB is is sending ''billions of aid to Ukraine.'' Translation: The pockets of the elites are being lined with the transfer of wealth, while Americans are being robbed blind. In multiple plays.

It may be time to cut their payroll.

Their payrolls are not what needs to be cut.

Eliminate their positions entirely.

They better be careful. Their "let them drive Tesla's" moment is reminiscent of a similar line delivered by a famous member of the French elite. That soon progressed into their throats being cut, not their payroll.

 

[Deplorable Me]

 

[GOYABEAN]

 

[Shadow rider]

Maybe it's time for individual states to decide whether or not to open up oil and gas production within their borders!

 

[96coal449]

Their payrolls are not what needs to be cut.

Eliminate their positions entirely.

They better be careful. Their "let them drive Tesla's" moment is reminiscent of a similar line delivered by a famous member of the French elite. That soon progressed into their throats being cut, not their payroll.

Cutting their payrolls will make them commit openly, hangable offenses.

 

[Acer-m14]

Maybe it's time for individual states to decide whether or not to open up oil and gas production within their borders!

why not .. lets do it .. fk the FEDS ..

like this state on guns ..

"Missouri has new a law that claims to invalidate all federal gun control laws — and prohibits state and local cooperation with enforcement of those laws.

Gov. Mike Parson signed the bill, known as HB 85 or the Second Amendment Preservation Act, into law Saturday at a gun store and shooting range called Frontier Justice. "

Missouri Has Declared Federal Gun Laws Invalid. Can It Do That?

Legal experts say the state's law is unconstitutional. But it could have a chilling effect on the state's law enforcement officers anyway.

www.npr.org

 

[Acer-m14]

BEGGING DICTATORS & HINDERING US: Todd Staples With The FACTS On Leases; Domestic Oil Production

Todd Staples .. Prez of the Texas Gas and Oil Assoc ..

 

[livingston]

Folks it seems that at every turn... Covid, fuel ... The federal government instead of assisting we the people .. They seem to bone us at every chance they get....Our fuel crisis if properly handled perhaps would be non existent .... Regulations have tied the hands of this and many industries . Look at Covid .. OSHA was pushed to enforce their rules .. Shut down all small businesses .... Big box stores .. all open. Family owned food services forced to close and main street of everytown USA... Never sees them again. ... Not new ... Can't fight city hall...
Tammany Hall was a political organization in New York that was founded in the 1700s. By the mid-to-late 1800s, Tammany Hall controlled the Democratic party, and therefore, all of politics in the region. Tammany Hall was extremely powerful, so it that case, it was indeed impossible to fight city hall.
Hell It has been going on for years. The heavy hand of government was raised to a new level .

 

[MothMan]

FIFY

It's sickening to know that we've got all the equipment and fossil fuels right here in the USA, NEW YORK STATE and it's paper pushers that stop it all.

 

[Apeman]

Maybe it's time for individual states to decide whether or not to open up oil and gas production within their borders!

Too many blue states will still say no. Look at this shithole. We have access to natural gas but the state won't let them extract it.

I think it should be up to the towns that are sitting on the gas or oil. They're the ones who could potentially suffer if there's a problem down the road

 

[fresch]

why not .. lets do it .. fk the FEDS ..

like this state on guns ..

"Missouri has new a law that claims to invalidate all federal gun control laws — and prohibits state and local cooperation with enforcement of those laws.

Gov. Mike Parson signed the bill, known as HB 85 or the Second Amendment Preservation Act, into law Saturday at a gun store and shooting range called Frontier Justice. "

Missouri Has Declared Federal Gun Laws Invalid. Can It Do That?

Legal experts say the state's law is unconstitutional. But it could have a chilling effect on the state's law enforcement officers anyway.

www.npr.org

In the link it is stated the law is bs, state can not supersede fed. ... so N.Y. gun laws are invalid.

 

[Acer-m14]

In the link it is stated the law is bs, state can not supersede fed. ... so N.Y. gun laws are invalid.

soo .. do it anyways and let the courts figure it out .. in 5 to 10 yrs or more later .. the FEDS are doing way more then there really allowed to do
anyways .. 2A violation with the inception and funding of the ATF ..

 

[livingston]

 

[Acer-m14]

unless i get a 20% cut .. said off camera .. lol