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Pipelines don't add supply, and it is my understanding that oil companies have a lot of unused leases, but that simply drilling is easier said than done. [1] [
by arcticbull 4y ago
Pipelines don't add supply, and it is my understanding that oil companies have a lot of unused leases, but that simply drilling is easier said than done. [1]
[1] https://www.npr.org/2022/03/19/1086925726/gas-prices-oil-crude-drilling https://www.npr.org/2022/03/19/1086925726/gas-prices-oil-cru...
- landemva 4y agoPipelines get production to consumers. A well with non-existent transport is not useful to lowering fuel prices because it needs to get to consumers.
- crymer11 4y agoWhat domestic wells currently have non-existent transport? What pipelines has the Biden administration not approved other than the Keystone XL (which TC Energy abandoned plans for nearly a year ago)?
- landemva 4y agoWithout pipelines being planned and built, there will not be new wells. As you said, pipelines are being cancelled.