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> he's blocking measures to increase North American oil production. How?
by alphabettsy 4y ago
> he's blocking measures to increase North American oil production.
How?
- hintymad 4y agoNot issuing drilling licenses? Besides, there is, or so I heard, so much political pressures that drilling has become a high-risk business that those companies either can't afford insurance or can't get one.
- aaomidi 4y agoYou do realize these licenses take years to materialize? Oil companies use any crisis to get more rights in the future. Biden can use wartime production laws to force oil companies to produce more. Oil companies right now just don’t want to produce more. It’s not that they can’t. They have no reason to do more work to make less money.
- leereeves 4y agoWhy would oil companies invest in production when the politicians plan to phase out oil in the near future? Infrastructure is expensive and takes a long time to break even. And what investments they do make, like the Keystone XL pipeline, are blocked by the government. Would you invest in that?
- aaomidi 4y agoNo I’d just force them to increase their production now. This is why critical infrastructure being private property is fucking insane.
- alphabettsy 4y agoThere are like more than 10,000 unused licenses right now. And drilling licenses are still being issued. Which is kinda beside the point because it’s refinement that’s the biggest issue right now.
- hintymad 4y agoYeah, you're right. Just saw on Youtube that a Biden aid, Brian Deese, said they are not blocking expanded oil and gas production but killed refinery expansion, preventing 1M+ acres of oil/gas leasing. Per him, "I guarantee you, we're going to end fossil fuel & I am not going to cooperate them". It looks they are taking a long term view, and I hope the execution will be smooth: we can manage short-term increased cost while figuring out a way to keep the planet for our children".