3 ms·
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=mcrfpus2&f=m https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=m... Biden announced policie
by awinder 4y ago
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=mcrfpus2&f=m https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=m...
Biden announced policies related to new drilling starts but none of that impacts pricing or output to the degree you’re suggesting it does. There was no “shutting off” of production for sure so consider this a serious argumentative point?
- jonnycomputer 4y agoTypical of how things work, but it was challenged in court, Biden lost and resumed new leases, but they are challenging decision... https://www.eenews.net/articles/how-the-courts-have-shaped-bidens-leasing-strategy/ https://www.eenews.net/articles/how-the-courts-have-shaped-b... Only about a quarter of US oil production is on federal land anyway...
- UncleEntity 4y agoApparently they can’t even get people out to wells which were shut down to turn them on again due to a shortage of people who do that sort of thing. Can’t even imagine what the wait time is on a brand new well.
- jonnycomputer 4y agoLabor shortages have been crazy everywhere.
- UncleEntity 4y agoPlus this is one of those industries where you know there’s no future so why even bother entering it.
- jonnycomputer 4y agoI've always been of the view that oil and coal were too valuable, too energy-dense a finite resource, to waste, but should be kept in reserve for if/when we really need that kind of energy density. On a local scale: I'd rather use solar on my rooftop, but don't mind having a diesel generator when the power goes out. Other uses for oil and coal besides. Coking coal for steel production, oil for plastics, etc.
- greedo 4y agoFunny how that happens after a pandemic.