Posted on 01/09/2015 8:07:02 AM PST by SeekAndFind
It was talked about, but not opened up.
Atlantic Oil and Gas Information
http://www.boem.gov/Atlantic-Oil-and-Gas-Information/
At present, no active OCS oil and gas leases exist in any of these four planning areas, and no oil and gas lease sales are proposed under the current Five Year Leasing Program 2012-2017.
What is your question?
The oil business is cyclical. Exploration will continue in the most promising areas.
When (not if) prices rebound, exploration will pick up.
The market at work...it's a beautiful thing.
n the General/Chat forum, on a thread titled Why Oil Prices Are Headed Below $35 a Barrel, thackney wrote:
What is your question?
See my posting #21
If we look really long, all of this oil will eventually come out of the ground. My question is what the Saudis intentions are. Who are they trying to hurt? This won’t hurt America? It will hurt some oil workers and the boom towns. If they are trying to hurt Russia or Iran, that would make more sense.
Anybody know what the difference is?
I know enough to know that the oil business is boom and bust....lots of folks are gonna lose their jobs ...lots of businesses will fail
It costs Millions of $ to drill.
Some where in the future prices will go up again
I’m alberta, Shell has already paid my one client for 3 years of work, I have three years lined up solid and I work through weekends, we’re going flat out and looking to hire more.
http://articles.ktuu.com/2012-08-31/state-senator-bill-wielechowski_33527129
this was from 2012
State legislators trying to find blame for high Alaska gas prices.
In the same sense, won’t this piss off the envirmentalists also. Most of them are semi illiterate college students. If they read Obimbo did this, well that should send them into therapy.
Europe and Japan are “stalled” because they’re socialist centrally planned economies.
Disintermediation is needed in both.
It’s already been considered and in a free market the net beneficiaries are consumers. In the free market consumers are kings!
The oil’s still there to grab once prices come back up. It’s all supply and demand, unless government comes in, and high prices cure themselves.
Government land is the problem. The feds aren’t supposed to be big landholders. Government is political by nature and America was designed to be a giant free trade zone.
The hidden drivers of gas prices are taxes and EPA regs.
Limit their access to unemployment checks and they’ll find new jobs quickly.
That’s what makes me wonder why OPEC (the Saudis) are doing this. It may be a Russian or Iranian angle.
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