Posted on 01/21/2021 4:07:30 PM PST by Varsity Flight
Keystones Pipeline set to cut over 1000 jobs.
Hey, I don’t work in oil, but who does not want $8 ga gas?
Joe, you are the man, the man from hell.
HELLO $7.00 AN HOUR GASOLINE!!!!! GONNA BE FUN!!!
I meant $7.00 a gallon, but if they can figure out a way to charge us by the hour they will.
....when he was a candidate, if I recall correctly, didn’t that PoS Biden crow about creating dozens (maybe hundreds...?) of “good, high-paying union jobs...” after he became President...?? well, what happened to all those “good high-paying union jobs” that have just been eliminated with his exec. order shutting down that XL pipeline...?
the man and his handlers are total frauds, nothing less...
God bless this great country.....
Wow didn’t see that coming. < /sarc >
Executive orders have consequences I guess.
There goes any possible claim Joe loves the “little guy”. Unless by “little guy” he means the little environmentalist.
Then I guess killing the pipeline makes sense.
Elections have Consequences, but Selections have Revenge.
I watched the steal...I saw the steal....
Look up Bedfords Law...
I know charts...and this election was TOTALLTY stolen...
Pushing us into solar and wind nonsense .
Elections have consequences, and stolen elections have even more consequences. The hurt is only just beginning....
Hey now. We’ll be gettin four grand a month extra between me and Mrs rktman. Woo Hoo! Pipeline? Meh. 😯😒😕
1000 American jobs lost on his first day in office. Impressive sort of.
Shale wells come on strong usually around 1800 to 2500 barrels per day for the first 90 days then it’s a decline curve we in the industry call it the wells Type curve. A “good” well in the Midland basin is a 2MMboe type curve. Which means over the 20 YEAR life time of that well it will ultimately produce 2,000,000 barrel of oil equivalent. Usually after the first 180 days or POP180 the bbl/day is still over 500 and slowly declining so that at a year or POP365 it’s down to 300_400 per day and it levels at at that rate for the next decade or two. I’m a operations and a developmental petroleum geologist I have personally drill thousands of Midland basin well over a decade and half of doing it. For the last two years two of the major operators I contract with have been DUC-ing wells. That means drilled and uncompleted. They are temporarily capped at the surface and can be worked over and have a frac job run on them in 9 to 14 days then they flow back for a week and get POPd all in less than a month. There is thousands of DUCd wells just sitting ready to be POPd when the price comes back up to justify putting them on production. There won’t be any shortage of West Texas oil at $60+ bbl there’s literally thousands of DUC and idle wells just waiting for prices to rise. That does not take into account stripper wells which number in the multi thousands that are idle rigit now or pumping the minimum lease obligations.
Don't forget about all the terrorism it funds!
If America had two different political parties.
Take pictures of local gas prices and save. In 1 year it will be $1 more. Show the libs.
Those jobs are for union labor building cheap Chinese solar arrays and foreign owned industrial wind turbine farms
Many of those scumbag SOSs and DAs had the backing of soro’s $$$...
Why hasn’t he ‘fallen off’ a tall building like he so richly deserves?
$7 GGE gallon of gas equivalent is $240+ bbl oil. Crude oil only makes up 46% of the price of a gallon. The rest is in order of cost share is taxes,refining, marketing, distribution, profit. To get $7 you need $246 bbl crude oil at the current 46% cost of production share. West Texas oil has a 100% return on investment for tier one wells at $60 bbl meaning it cost $30 to get the bbl to the refinery from well to refinery gate and the operator sees a 100% return of $30. Taxes not withstanding. Just one of the companies I have worked with in the Permian basin has 30,000 tier one well locations in their land holdings and 20000+ tier two. Drilling both of those out with a 40 rig line was projected to take 65 YEARS. I don not think people grasp how truly massive the Midland basin total petroleum package is. It is second only to Gawar in Saudi Arabia and not second by much. The oil payzone in the heart of the Midland basin is 4000+ feet thick with 14 discreet stratagraphic intervals. I typically drill Mega pads batch drilled with 24 basket weaved 12,000 ft or longer laterals 6 wells across and 4 stacked payzone vertically this leaves the other 8 payzone for future use. There is no way oil ggets anywhere near $200 at $80 every available rig in North America will be in the Midland basin drilling 24/7. Keystone was 800,000 bbl/day , one of the operators I work with has a million in ten goal that means that ONE company plans to produce 1 million bbl per day every day in a ten year ramp up to that target before covid they were already at 350,000 then price collapse and they have been DUCing wells ever since just waiting for prices to rise.
I thought dems claimed Russia was bad. This should make Russia happy.
Agreed
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