Posted on 05/20/2022 3:43:38 AM PDT by Kaslin
“In any case, why he puts up with the likes of you is beyond me.”
I can help you there, he’ll lose 90% of his members if dumps the WW3 opponents.
“Conservatives clearly can’t be bothered to fight. ... if we haven’t been motivated to rage by now, it can’t happen.”
Exactly. We’re frogs in the kettle.
The pro-Biden neocons crawled out of the woodwork like cockroaches.
Manchin has been good, a shame that he is more on the ball than most Republicans.p
Sadly, I agree.
Comfort is the enemy of courage.
Well, like we've been saying for years, GREEN is the new RED...
They will eventually put all of us on pedal powered generators, feed us imitation gruel and require a license to breed...
My new tagline.
Lighten up Francis.
About these “unused leases”. First the administration referred to these as “unused permits” ready to be drilled and which the industry was intentionally delaying to drive up prices and increase profits. That whole concept is remarkably incorrect and flawed.
1. Independent oil and gas producers explore for drill and produce oil and gas to make money. They have to DISCOVER oil & gas and produce it at economic rates and quantity to recoup their investment and make money. They are not in the business of refining oil into gasoline to sell at your corner filling station.At current prices their incentive is to drill and produce every drop as quickly as possible.
2. Producers risk their money on leases on the chance there may be oil and gas in place but have to conduct time consuming and expensive seismic surveys to further delineate areas of interest until determining the areas (if any) within such leases that are most likely to produce.
3. The process takes years with no guarantee of success. Even in trends of known production with analog wells and fields a commercial success rate of 25% on wildcat (unproven) exploration wells is the rule.
More smokescreens by the Brandons to shift blame and further the destruction of the hydrocarbon industry upon which we must rely for the next 30+ years and advance the green agenda which only adds to inflation and causes “electricity rates to necessarily skyrocket” (per the Manchurian puppet controlling the strings of the current resident puppet). Much of the country I’m afraid has been indoctrinated and is incapable of rational thought and analysis.
About 10 years ago my extended family was contacted by an oil company to lease our old 160 acre Texas farm that dated back to the 1850s. Our ancestors had wisely maintained the mineral rights to the property. Anyway we were paid a substantial bonus for the lease and offered excellent royalty rates. We were assured that drilling would begin soon. Well, time drags on and the 3 year lease expires with no hint of drilling or renewal.
This all goes to show that oil companies aggressively pursue leases but don't always act on them.
Well, the meek inherit the earth, the rich reserve the mineral rights”. Never sell minerals in case of last resort. That’s great your forefathers had the prescience to reserve the minerals and an interesting aspect of Texas’ contribution to the nations energy supply.
Perhaps the geoscience (either seismic data or drilling in the area) conducted after acquiring the lease data did not support drilling, perhaps the company was not able to attract additional companies or investors to share in the risk of drilling, the company’s financial condition, management and risk tolerance or direction changed) - any number of circumstances can cause a lessee to allow leases to expire. I can assure you that folks in the business don’t risk their money intending to lose it all, but accept that risk as part of the business. The home runs must cover the losses on the strikeouts.
“We sure do have a bunch of KGB loving, closet gay, fat, pasty white, arm chair general, conspiracy nut kooks around here lately.”
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I see you’re a Democrat, probably a “secular” Jew too, eh.
You know, I got panhandled earlier this week, and I asked the young black girl (who had two kids sitting very quietly in their old 90s Honda) to wait while I finished pumping my gas for my car and some gas for the mower.
I was going to give her $5 and I caught a glance of what I had just paid for gas, and whipped out a $20 to go with the $5. Under Trump she could have filled the tank and had enough to take the kids to McD's. Now, that may have bought her 1/3rd of a tank. Elections have consequences.
I have not seen JR call posters who question Biden’s Ukraine policies and other actions “PUtler loving scum.”
I have heard a third argument:
That companies holding leases have already surveyed some or many of them, and made the determination that they are not profitable for further exploration. But now they’re in a lease agreement, and have to ride out the minimum term of that lease.
So, agenda’d Dems and RINO’s can accuse Big Oil of “sitting on” these lands, but that’s just a cheap shot that, at least in some number of cases, glosses over the reality that, for the oil companies, getting into the leases in the first place is always something of a crapshoot, because they may not actually pan out in terms of their suitability for exploration and production.
Actually, since these unusable leases have Big Oil stuck spending money on leases they cannot turn into profitable wells, you’d think the greeniac left would be kinda happy about them having turned into a sort of millstone around the neck of that industry.
John Wayne:
Courage is being scared to death, but saddling up anyway.
I’ve heard that some of the proposed leases are in areas where drilling is pointless due to a lack of oil. But at least the Administration can claim they are making leases available.
Ah yes, the “five year plan.”
Stalin had a lot of five year plans.
Ping
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