Do you understand supply and demand? Simple economics. When has it been this cheap to drill? When is the last time you saw a $500MM platform being built?
Do you understand supply and demand? Apparently you dont. Unlimited supply equals low prices. Period. This isn't a cycle. They breaking the record.
Im not. Im breaking you down with numbers so you will stfu. People need to understand the market has completely changed due to a new understanding of how much cheap oil there is
What's the current equivalent: TP and Gasoline? I'd rather you break me down with sick filthy crossovers. That would be more entertaining, and easier for you.
Just because you can Just because you chose to be a part for money Doesn't mean you should Consider the long term consequences For your children and theirs
Im not against working our way towards clean energy but fracking has provided energy independence and thats key and therefore the middle east is not our problem. Natural gas is very important for electricity production. If we invested more in liquefied gas we could supply Europe with our excess. Putin supplies 30% of Europe's gas. It provides his income and replacing him would do much more damage than sanctions. Lastly the little earthquakes are no big deal to me
It's the Methane that is the problem with gas not the earthquakes https://www.nrdc.org/onearth/natural-gas-industry-has-methane-problem So we are not in disagreement, use as little as we can get away with while we subsidize rapid develop renewable alternatives. Like a Moon Shot
We don't absolutely need their oil but economically it's not practical to keep on fracking if their oil is the cheaper to extract and refine. Further Saudi Arabia's oil isn't just about the US but the global market. As such the Saudis still have an outside importance geopolitically whether the US buys their oil or not. There are more than enough countries willing to buy Saudi oil.
who needs TP when youre eating all that butter? poop just slides out clean...no TP needed...a perfect dump every time.
Ohio panel to decide on fracking state parks this week Cleveland.com Published: Nov. 13, 2023, 3:42 p.m. COLUMBUS, Ohio – A state government panel is slated to make a final decision Wednesday about whether to open thousands of acres of state parks and other state lands for oil and gas exploration. Pending the outcome, the minerals beneath Salt Fork State Park in Guernsey County, Wolf Run State Park in Noble County, Valley Run Wildlife Area in Carroll County, and Zepernick Run Wildlife Area in Columbiana County could soon go out to the “highest and best” bid. Commissioners will vote Wednesday on whether to open areas of those state resources for bidding by companies that want to extract oil and gas from beneath the land. The largest application spans 20,855 acres at Salt Fork, a lush expanse wrapping around Salt Fork Lake, then another for nearly 2,100 acres at Wolf Run State Park, a lesser-known park on a quiet lake in Noble County. When the Ohio Oil and Gas Land Management Commission meets Wednesday morning, it could all but finalize the fruit of a leasing system created in 2011 to capture the gas underneath some of Ohio’s most pristine spaces. However, it took a 2022 law to effectively force-start the leasing process. That recent legal change also legally redefined natural gas as “green energy” – which changed little in practical terms but reflects the political clout the industry wields in the Republican-dominated Legislature. While the new law allows for surface use disruptions on leased lands, Gov. Mike DeWine said when he signed House Bill 507 that his administration would not. Thus, companies must drill down thousands of feet from adjacent well pads before turning 90 degrees and reaching horizontally. From there, drillers pump millions of gallons of water, sand and chemicals at high pressure to free methane from shale. Available evidence suggests vast sums are on the table. In January, Houston-based Encino Energy offered the state an estimated nearly $2 billion over 15 years – a $115 million signing bonus plus 20% royalty payments – to get under Salt Fork. DeWine has said through a spokesman he effectively declined the offer, waiting for the OGLMC to finish its rulemaking process. Since then, 98 individuals have registered to lobby the OGLMC on behalf of the likes of Marathon, Shell, BP, Encino, Columbia Gas, EQT Corp., Gulfport Energy, TC Energy, Ascent Resources, Calpine Energy Solutions, Vistra Corp. and others. State law shields the identities of the companies requesting the land, as well as the terms of their offers, until a finalist has been selected. The state land leasing is the next chapter in a seismic boom in natural gas production that started around 2010 with the use of fracking on Marcellus and Utica shale fields. In Ohio, natural gas production increased 27-fold between 2012 and 2022, according to the U.S. Energy Information Administration. The commissioners met in September with the intention of deciding on the 10 different land nominations on their desks. They punted on the decision, however, citing a need for more stakeholder input. They did so in the face of a room of dozens of angry environmentalists urging rejection, citing a need to protect state lands from development. In the weeks before the hearing, Cleveland.com and the Plain Dealer published several articles about more than 100 Ohioans saying their names were used without their knowing consent on letters submitted to the OGLMC urging them to support fracking Salt Fork State Park. After that report, Attorney General Dave Yost announced an investigation into the Consumer Energy Alliance, which submitted the letters. He declined through a spokeswoman to offer any update on Monday. A CEA spokesman said the nonprofit continues to cooperate and provide all requested information but declined to provide specifics. Members of Save Ohio Parks, a grassroots advocacy organization, have attended OGLMC meetings and waged public comment campaigns to pressure the board to reject the leases. They’ve argued fracking spoils undeveloped land, heats the planet, damages the land and harms people who live near operations, all for private benefit of a largely out-of-state industry. Continued...
