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1. Obama gets no credit for the oil boom. His admin cut off access to fed land leases on and off shore, but it didnt matter because the Tex and ND oil boom, and the gas boom in ohio and Penn was on private land.
Fracking uses more water than oil it takes from the ground? The wells run for years after the fracking and yield sometimes more than a thousand barrels a day. Pure fake news.
Fracking water does not run downstream in most of W. Texas oil streams because there usually are no streams. Its desert. Btw, did you know most major riverways are partly sewage water, processed in city sewage plants and dumped in the river.
Crediting Obama for the oil boom would be like crediting Clinton with the dot com boom. The oil/gas boom under Obama and Trump would of happened regardless of who was President. The difference now under the Trump administration is energy policies friendly to those industries that can drive even more production. If you can name a single policy under the Obama administration that was favorable to the fossil fuel industry I'm all ears.
Correct. Shoot, OPEC finally cutting production is what’s helping the oil field stabilize now. The rig count is up slightly although you still hear of some rigs being stacked but net rig count is up. Prices seemed to have stabilized for now (would be more comfortable at $60+ personally). Supposedly, they can still make money at ~30 though so mid-fifties isn’t the worst. We’re opening new areas of exploration which will definitely help and that would not have been possible under Obama. Oh and good news, we’re finally a net exporter of oil. That should make people happy but as with everything, people want to complain or not give credit.
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Originally Posted by thecoalman
Here in PA AFAIK it's all trucked to treatment plant.
That person is reading a paper from Houston and the Permian is absolutely crazy right now but has severe shortages of drivers (water transfer, vac, crude, sand, everything) and keeping up with processing. Add to that, the midstream issues (we need more pipeline now!), there are issues keeping up with production. Oh, these can be overcome and frankly, it’s a good problem to have but the naysayers have to glom onto anything they can to paint it in a negative light.
1. Obama gets no credit for the oil boom. His admin cut off access to fed land leases on and off shore, but it didnt matter because the Tex and ND oil boom, and the gas boom in ohio and Penn was on private land.
Fracking uses more water than oil it takes from the ground? The wells run for years after the fracking and yield sometimes more than a thousand barrels a day. Pure fake news.
Fracking water does not run downstream in most of W. Texas oil streams because there usually are no streams. Its desert. Btw, did you know most major riverways are partly sewage water, processed in city sewage plants and dumped in the river.
Right? Hey, point me to all those rivers in Midland cause I can’t see them for all the tumbleweeds. Sorry, that was really funny to me.
Burdell were you one these people in the past that have complained about US companies shipping jobs overseas? If so how can justify complaining about someone trying to rectify it? The Chinese engage in practices like IP theft, industrial espionage, state backed monopolization, forced technology transfers and are blocking their markets to many US goods.
If there is one thing Trump has done that should get bipartisan support this is it. This should not be partisan issue but something we should all be behind because what the Chinese have been doing over the past two decades needs to end. I know the argument is those cheap products benefit US consumers but my argument would be is if this was the 1600's you are a Native American Indian giving away Manhattan for some glass beads and a few other trinkets.
With the price of natural gas in China up 138% and the price here is down 25% the jobs have been returning since 2010. Between 2010 and 2016 338,000 have returned and orange Jesus played no role in it.
Most federal land leases aren't drilled. Under Obama, production on federal land increased by 60 percent, largely as a result of the big upswing in the price of oil from 2009 to 2014 to a level where fracking was profitable. For now, production is being kept afloat by hedging and refracking old wells. Most production is hedged for $50 oil. Also, several hundred independents went under in 2015, reducing the breakevens for those taking over their leases. Some of the natural gas by-product of these wells has fetched negative prices.
He also secretly approved thousands of leases for GOM fracking and upheld the lease to RD of the Arctic shelf.
1. Obama gets no credit for the oil boom. His admin cut off access to fed land leases on and off shore, but it didnt matter because the Tex and ND oil boom, and the gas boom in ohio and Penn was on private land.
Fracking uses more water than oil it takes from the ground? The wells run for years after the fracking and yield sometimes more than a thousand barrels a day. Pure fake news.
Fracking water does not run downstream in most of W. Texas oil streams because there usually are no streams. Its desert. Btw, did you know most major riverways are partly sewage water, processed in city sewage plants and dumped in the river.
Every person I know in Houston works for an oil company. They are running out of places for disposal wells in the Permian basin. Every place on earth, whether in the desert or the tundra is in a watershed. If the EPA oks dumping slightly treated fracking water into the watershed, it will be in all of them near fracking.
DH has a degree in civil engineering. On our first date he took me to a sewage treatment plant. I have a vague idea whats in treated and untreated water. It's the viagra and mood altering drugs that worry me. We are already losing farm land due to salt build up. We better start taking care of the gift we have been given.
From the early days of fracking, the EPA allowed the industry to get permits using models that assumed the radioactive wastewater would not seep into the water table for 100 years. We will find out eventually with all those disposal wells start leaking. They also got away with not disclosing the chemicals used.
Biggest oil producer in the world thanks to President Trump pro-economic growth agenda, tax cuts, common-sense regulations that keep business healthy.
Biggest oil producer in the world is now the United States. So much oil being produced because of President Trump's tax cuts leading to more research and devolopment and doing away with some of Obama's worthless red-tape and regulations that he burdened coal, natural gas and oil industries with.
Big, nice coal recovery also under President Trump. Refined coal production is near record highs thanks in part to President Trump with an increase in feedstock coal production.
Says the guy/gal who said in a thread he/she started yesterday "I don't know much about the environment..."
The Obama admin lifted the ban that had been in effect since 1975 on US exports of oil. THAT was what drove the huge increase in production in the following years.
Well, that and the 2005 energy policy act that Democrats hated...fracking and all.
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