KXL dead!

Althea said:
Yes. My point is that there is plenty of quality crude to be refined for gasoline. The claim on the table is that we're going to see gasoline shortages because of the shut down of KXL.
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Well, that's not true. I'm sure the KXL ending construction has had a small impact on prices, but nothing compared to Biden stopping all drilling, fracking, and exploration on US government land. That definitely drives the price up. As for shortages... This has more to do with things like refinery maintenance cycles and government regulations along with bans on increased production like pointed out above.
 
T. A. Gardner said:
Well, that's not true. I'm sure the KXL ending construction has had a small impact on prices, but nothing compared to Biden stopping all drilling, fracking, and exploration on US government land. That definitely drives the price up. As for shortages... This has more to do with things like refinery maintenance cycles and government regulations along with bans on increased production like pointed out above.
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Historically, oil companies don't drill on govt. land because of the enviro regulations. During the decade long boom, they've opted to rape private land, leaving nothing but a mess in their wake.
Biden's policy re. govt. land will do nothing but create a fake price hike by Wall St.
 
Althea said:
Historically, oil companies don't drill on govt. land because of the enviro regulations. During the decade long boom, they've opted to rape private land, leaving nothing but a mess in their wake.
Biden's policy re. govt. land will do nothing but create a fake price hike by Wall St.
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There's no "mess" on the wells on my (now deceased) uncle's ex-ranch outside San Antonio. I thank Conoco for the monthly checks too.
 
T. A. Gardner said:
Well, that's not true. I'm sure the KXL ending construction has had a small impact on prices, but nothing compared to Biden stopping all drilling, fracking, and exploration on US government land. That definitely drives the price up. As for shortages... This has more to do with things like refinery maintenance cycles and government regulations along with bans on increased production like pointed out above.
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BTW...this did NOT happen.
 
Althea said:
BTW...this did NOT happen.
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Biden administration suspends new oil, gas drilling permits on federal land
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https://www.marketwatch.com/story/b...-drilling-permits-on-federal-land-01611276375

Biden Halts Oil and Gas Leases, Permits on US Land and Water
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https://www.usnews.com/news/busines...ds-new-oil-and-gas-leases-permits-for-60-days

My apologies for leaving the word "New" out. That was my mistake. Biden ends all new drilling, fracking and exploration for oil on government land. Better?
 
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T. A. Gardner said:
https://www.marketwatch.com/story/b...-drilling-permits-on-federal-land-01611276375


https://www.usnews.com/news/busines...ds-new-oil-and-gas-leases-permits-for-60-days

My apologies for leaving the word "New" out. That was my mistake. Biden ends all new drilling, fracking and exploration for oil on government land. Better?
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BIG difference. He did NOT end new drilling. He ended new leases. All old leases are still in existence. It will take a decade for oil companies to use all of the current leases.

They prefer drilling on private/state land.
 
Althea said:
BIG difference. He did NOT end new drilling. He ended new leases. All old leases are still in existence. It will take a decade for oil companies to use all of the current leases.

They prefer drilling on private/state land.
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No new leases means no new drilling. You can't do the latter without having the former.
 
An analysis by The Associated Press found that oil companies stockpiled leases and pushed through drilling permit applications on public lands in the waning months of the Trump administration, giving the industry a large inventory to work with.
Biden's halt on new oil and gas leasing also does nothing to affect activities on private or state lands, where roughly 90% of the country's oil and gas development occurs.
"The industry has a lot of leases in production, a lot of leases that have been issued, so it won't have an immediate impact. But it will give an immediate opportunity for the administration to think about how we move forward," said Nada Culver, the vice president of public lands at the National Audubon Society.
 
Althea said:
An analysis by The Associated Press found that oil companies stockpiled leases and pushed through drilling permit applications on public lands in the waning months of the Trump administration, giving the industry a large inventory to work with.
Biden's halt on new oil and gas leasing also does nothing to affect activities on private or state lands, where roughly 90% of the country's oil and gas development occurs.
"The industry has a lot of leases in production, a lot of leases that have been issued, so it won't have an immediate impact. But it will give an immediate opportunity for the administration to think about how we move forward," said Nada Culver, the vice president of public lands at the National Audubon Society.
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So, they can drill on leases pre-existing the Biden administration. Biden halted all new drilling by ending new leases on government land. Of course the energy companies turn to private land to drill in that case.
 
T. A. Gardner said:
So, they can drill on leases pre-existing the Biden administration. Biden halted all new drilling by ending new leases on government land. Of course the energy companies turn to private land to drill in that case.
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The industry rammed through numerous leases just before trump's insurrection. They have plenty of land to drill on. Historically, they sit on the Fed. leases and drill on state/private land due to lax enviro issues.
 
T. A. Gardner said:
So, they can drill on leases pre-existing the Biden administration. Biden halted all new drilling by ending new leases on government land. Of course the energy companies turn to private land to drill in that case.
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It doesn't matter how many times you type this...it will never be true
 
T. A. Gardner said:
Canadian refiners haven't invested in coking plants to prepare tar sand oil for refining. That's why it's going to the US to begin with. The US has about 60% of refineries with coking capacity. There is some movement in Canada towards adding this capacity to their plants but it isn't yet in place.
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No, the only reason that Tar Sands sludge is coming to the US is because that's the only place the pipelines from Alberta lead.

TransCanada wanted KXL to increase market access for the Tar Sands sludge, specifically global access so they can sell the Tar Sands sludge for the same price as imported crude vs. the discount they currently sell to US refineries in PADD II.
 
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