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Thirty years lost, we really needed this back then but it was held up by Greens, and will be again if Biden were to be elected. 

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It will be painful if they hit a large find make no mistakes, however it will also balance the Saudis and Iranians in a price war..Most importantly the fable of Gull Island just may finally be settled..LMAO

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(edited)

1 hour ago, ronwagn said:

Thirty years lost, we really needed this back then but it was held up by Greens, and will be again if Biden were to be elected. 

Oil will never again be expensive enough to justify the costs of arctic drilling.

Edited by Jay McKinsey
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2 hours ago, Jay McKinsey said:

Oil will never again be expensive enough to justify the costs of arctic drilling.

That is exactly what they said about deepwater, then ultra-deepwater drilling. I find it odd that people can associate technological advancement to everything except drilling and exploration.

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23 minutes ago, Douglas Buckland said:

That is exactly what they said about deepwater, then ultra-deepwater drilling. I find it odd that people can associate technological advancement to everything except drilling and exploration.

I don't discount the decreasing cost curve of oil production. But that cost decline also applies to oil in much more convenient and thus lower cost locations and there is plenty of such to satisfy the world's decreasing oil demand.  World oil demand peaked last year.

 

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31 minutes ago, Jay McKinsey said:

I don't discount the decreasing cost curve of oil production. But that cost decline also applies to oil in much more convenient and thus lower cost locations and there is plenty of such to satisfy the world's decreasing oil demand.  World oil demand peaked last year.

 

So it peaked amid the demand destruction caused by the global reaction to the Covid-19 ‘pandemic’ and the resulting demand destruction? Funny that...🤔

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8 minutes ago, Douglas Buckland said:

So it peaked amid the demand destruction caused by the global reaction to the Covid-19 ‘pandemic’ and the resulting demand destruction? Funny that...🤔

The pandemic accelerated peak oil by 5-10 years.

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7 minutes ago, Jay McKinsey said:

The pandemic accelerated peak oil by 5-10 years.

I seriously doubt this. We’ll just have to agree, to disagree.

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13 hours ago, Douglas Buckland said:

That is exactly what they said about deepwater, then ultra-deepwater drilling. I find it odd that people can associate technological advancement to everything except drilling and exploration.

Deepwater "technological advancement" sure was awesome in the hands of BP.

 

 

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(edited)

Sad, no respect for nature.  It is a wildlife refuge... one of the few places set aside for nature, far from most humans. 

Once developed it will never be pristine again; reclaimed, partially recovered sure, but never pristine.

It will be damaged nearly forever even if a single barrel of oil never comes out.  The exploration alone will damage the area. That far north the vegetation, lichens etc. are super slow growing due to short growing season.  The land is extremely sensitive to disturbance.

Build a few roads for exploration vehicles, add a few seismic testing testing lines, find no oil, leave.   What happens afterwards is ATV users and hunters keep suing those disturbances. Predatory animals too.

Edited by Enthalpic
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(edited)

Why approve new exploration if you already have "so much energy we could never use it all?"

 

 

more than we could ever use.jpg

Edited by Enthalpic
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On 8/17/2020 at 8:57 PM, Eyes Wide Open said:

It will be painful if they hit a large find make no mistakes, however it will also balance the Saudis and Iranians in a price war..Most importantly the fable of Gull Island just may finally be settled..LMAO

How does Gull Island fit in? Is there one in the Emirates or wherever?

What do you project for the Middle East economies and when? 

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On 8/18/2020 at 3:30 PM, Enthalpic said:

Why approve new exploration if you already have "so much energy we could never use it all?"

We sell on the open market just like Saudi's and Russians UAE etc...... More positioning means better pricing world-wide. It's good to open up the NWR for the good of the nation. 

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On 8/17/2020 at 10:12 PM, Jay McKinsey said:

Oil will never again be expensive enough to justify the costs of arctic drilling.

Tell it to the Russians and Norwegians. 

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On 8/18/2020 at 2:18 AM, Jay McKinsey said:

The pandemic accelerated peak oil by 5-10 years.

The pandemic is about over already!

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On 8/18/2020 at 3:30 PM, Enthalpic said:

Why approve new exploration if you already have "so much energy we could never use it all?"

 

 

more than we could ever use.jpg

We only have an abundance because we tap it. No drilling, no abundance!

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On 8/19/2020 at 3:55 AM, Enthalpic said:

Deepwater "technological advancement" sure was awesome in the hands of BP.

 

 

One out of how many deepwater wells successfully drilled with identical equipment?

The Deepwater Horizon incident was a chain of human errors beginning with the lack of understanding of what the inflow test was telling them.

No doubt you’ll make some asinine reply without having any concept of what an inflow test is, or any idea as to how a deepwater well is drilled.

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(edited)

2 hours ago, Old-Ruffneck said:

We sell on the open market just like Saudi's and Russians UAE etc...... More positioning means better pricing world-wide. It's good to open up the NWR for the good of the nation. 

We are In absolute agreement, to be rather frank about it that alone by itself would set the US and the world on a course of unparalleled growth and peace.

One could write perhaps the greatest story ever told on this subject. One can only speculate why oil trading went off shore, why Russia,Iran,Venezuela,Saudi Arabia and Norway became world financial powers.

A thought here...where would the US and the world be now if those countries were not enriched by oil money. Imagine the trillions being spent on infrastructure, healthcare...where would we be now?

There are more than a few wars that have taken place over the past 20 yrs..Would it not be interesting to see a few of these rouge nations putting the bill for wars on there American Express...

 

 

Edited by Eyes Wide Open
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2 minutes ago, Eyes Wide Open said:

We are In absolute agreement, to be rather frank about it, that alone by itself would set the US and the world on a course of unparalleled growth and peace.

One could write perhaps the greatest story ever told on this subject. One can only speculate why oil trading went off shore, why Russia,Iran,Venezuela,Saudi Arabia and Norway became world financial powers.

A thought here...where would the US and the world be now if those countries were not enriched by oil money. Imagine the trillions being spent on infrastructure, healthcare...where would we be now?

 

 

 

Probably wouldn't have much to show for it.  Joe Biden and his son Hunter would have skimmed most of it, and then Steve Bannon would have come along for the crumbs that were left.

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30 minutes ago, Dan Warnick said:

Probably wouldn't have much to show for it.  Joe Biden and his son Hunter would have skimmed most of it, and then Steve Bannon would have come along for the crumbs that were left.

All things come in time, perhaps we now better understand just why Bannon was kicked to the curb quite early on..

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3 minutes ago, Eyes Wide Open said:

All things come in time, perhaps we now better understand just why Bannon was kicked to the curb quite early on..

Well, I didn't say I thought he was stupid.  He's probably got dirt on more than one polly in Washington that could sway a judge.  Nah, not in Washington!  LOL!

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3 hours ago, Douglas Buckland said:

One out of how many deepwater wells successfully drilled with identical equipment?

The Deepwater Horizon incident was a chain of human errors beginning with the lack of understanding of what the inflow test was telling them.

I'm aware it was human errors.

I'm sure the technology is fine on paper and has been done successfully.  As long as human are involved there will be errors and accidents, so perhaps we should focus operations where the failures do not cause such a big mess.

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13 minutes ago, Enthalpic said:

I'm aware it was human errors.

I'm sure the technology is fine on paper and has been done successfully.  As long as human are involved there will be errors and accidents, so perhaps we should focus operations where the failures do not cause such a big mess.

Nah.  They say fish oil is good for you.

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(edited)

1 hour ago, Dan Warnick said:

Well, I didn't say I thought he was stupid.  He's probably got dirt on more than one polly in Washington that could sway a judge.  Nah, not in Washington!  LOL!

Washington DC...aka the swamp. And the swamp is in full on war mode. This election will determine many things, the next 60 days will be incredible...

Obama our democracy is threatened.....

Susan Rice memo "by the book". who is giving Susan RIce direction?

By The Book....the smoking gun statement. Our democracy is under threat!....

Edited by Eyes Wide Open
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