Trump issued 9 ANWR leases for oil

Discussion in 'Economics & Trade' started by Robert, Jan 21, 2021.

  1. Robert

    Robert Well-Known Member Past Donor

    Joined:
    Aug 16, 2014
    Messages:
    68,085
    Likes Received:
    17,134
    Trophy Points:
    113
    Gender:
    Male
    Biden leaped in on Wednesday to block oil leases in ANWR from sale but Trump beat Biden to the punch and sold 9 leases prior to the 20th.

    I hope this defangs the Biden order to stop.

    Why should you care? If you care about the poor and workers, they need fuel. If you care about them, you want fuel prices to remain fair priced. Even with the panic of CV19 promoted by Democrats, fuel prices have remained fairly priced.

    I hope that Biden does not mess this up.

    Who has thought fuel prices are too high or conversely too low?

    https://www.adn.com/business-econom...leases-sold-for-anwr-oil-and-gas-development/
     
    Starcastle likes this.
  2. FreshAir

    FreshAir Well-Known Member Past Donor

    Joined:
    Mar 2, 2012
    Messages:
    150,175
    Likes Received:
    62,815
    Trophy Points:
    113
    I say use foreign oil, it's cheaper and when they run out, we will still have our reserves, you care about low gas prices right? you care about the poor?
     
    Last edited: Jan 21, 2021
    Pycckia likes this.
  3. Robert

    Robert Well-Known Member Past Donor

    Joined:
    Aug 16, 2014
    Messages:
    68,085
    Likes Received:
    17,134
    Trophy Points:
    113
    Gender:
    Male
    I posted this to a different forum today to see how it flies here and there. So far you are number 1 in reply here but over their the Democrats are attacking me. I am asked why I do not care about the environment.

    First oil drilling has come a long ways. Those old movies of oil flying skyward are over. Long gone.

    Drilling has advanced light years.

    We should never depend on others for oil for the simple reason that here in the USA we do not experience bombs falling whereas over there they do experience them falling.

    I am one who thinks perhaps oil is still being created in our Earth.

    Thomas Gold in his book The Deep Hot Biosphere first laid it out.

    Abstract
    Twenty-five years ago this month, Thomas Gold published a seminal manuscript suggesting the presence of a “deep, hot biosphere” in the Earth’s crust. Since this publication, a considerable amount of attention has been given to the study of deep biospheres, their role in geochemical cycles, and their potential to inform on the origin of life and its potential outside of Earth. Overwhelming evidence now supports the presence of a deep biosphere ubiquitously distributed on Earth in both terrestrial and marine settings. Furthermore, it has become apparent that much of this life is dependent on lithogenically sourced high-energy compounds to sustain productivity. A vast diversity of uncultivated microorganisms has been detected in subsurface environments, and we show that H2, CH4, and CO feature prominently in many of their predicted metabolisms. Despite 25 years of intense study, key questions remain on life in the deep subsurface, including whether it is endemic and the extent of its involvement in the anaerobic formation and degradation of hydrocarbons. Emergent data from cultivation and next-generation sequencing approaches continue to provide promising new hints to answer these questions. As Gold suggested, and as has become increasingly evident, to better understand the subsurface is critical to further understanding the Earth, life, the evolution of life, and the potential for life elsewhere.
     
  4. FreshAir

    FreshAir Well-Known Member Past Donor

    Joined:
    Mar 2, 2012
    Messages:
    150,175
    Likes Received:
    62,815
    Trophy Points:
    113
    "We should never depend on others for oil for the simple reason that here in the USA we do not experience bombs falling whereas over there they do experience them falling."

    I agree, we should move towards more sustainable sources of energy

    we should also keep our oil in reserve for when there is a shortage, so we do not have to depend on others for oil
     
    Last edited: Jan 21, 2021
    DaveBN likes this.
  5. Robert

    Robert Well-Known Member Past Donor

    Joined:
    Aug 16, 2014
    Messages:
    68,085
    Likes Received:
    17,134
    Trophy Points:
    113
    Gender:
    Male
    Watch this to learn more.

     
  6. FreshAir

    FreshAir Well-Known Member Past Donor

    Joined:
    Mar 2, 2012
    Messages:
    150,175
    Likes Received:
    62,815
    Trophy Points:
    113
    never said they could, they are preparing us for a transition, but your right, current batter technology is not there yet

    but depending 100% on our own oil like you want won't save us either....
     
    Last edited: Jan 21, 2021
  7. Jack Hays

    Jack Hays Well-Known Member Donor

    Joined:
    Nov 3, 2020
    Messages:
    27,374
    Likes Received:
    17,358
    Trophy Points:
    113
    Gender:
    Male
  8. Robert

    Robert Well-Known Member Past Donor

    Joined:
    Aug 16, 2014
    Messages:
    68,085
    Likes Received:
    17,134
    Trophy Points:
    113
    Gender:
    Male
    My position is not to depend 100 percent on our own oil. I do not follow what you want to say above? Batter Technology? Not familiar with that.
     
  9. Robert

    Robert Well-Known Member Past Donor

    Joined:
    Aug 16, 2014
    Messages:
    68,085
    Likes Received:
    17,134
    Trophy Points:
    113
    Gender:
    Male
    Jack Hays likes this.
  10. FreshAir

    FreshAir Well-Known Member Past Donor

    Joined:
    Mar 2, 2012
    Messages:
    150,175
    Likes Received:
    62,815
    Trophy Points:
    113
    the 'y' key must not of pressed, I was saying we need better batter technology, but it's coming

    the first car needed roads, people argued for horses back then too, but technology keeps moving forward

    and I agree, my position is not to 100% used foreign oil either
     
    Last edited: Jan 21, 2021
  11. Starcastle

    Starcastle Well-Known Member

    Joined:
    Nov 29, 2020
    Messages:
    5,534
    Likes Received:
    3,121
    Trophy Points:
    113
    Gender:
    Male

    What reserves if we destroy the oil industry here?
     
  12. Robert

    Robert Well-Known Member Past Donor

    Joined:
    Aug 16, 2014
    Messages:
    68,085
    Likes Received:
    17,134
    Trophy Points:
    113
    Gender:
    Male
    Shipping costs from foreign sources do not bother you? What other costs are included in foreign petroleum?
     
  13. Robert

    Robert Well-Known Member Past Donor

    Joined:
    Aug 16, 2014
    Messages:
    68,085
    Likes Received:
    17,134
    Trophy Points:
    113
    Gender:
    Male
    That is correct to care if we shut down our fields to suck dry that from Foreign sources. Biden does not mind laying off thousands of workers.
     
    Starcastle likes this.
  14. FreshAir

    FreshAir Well-Known Member Past Donor

    Joined:
    Mar 2, 2012
    Messages:
    150,175
    Likes Received:
    62,815
    Trophy Points:
    113
    the cost is the cost, shipping is included in the cost, so is tarrifs, ect...

    if foreign oil is cheaper, then we should use it, as with all natural resources that we may someday be short of - oil is a finite resource
     
    Last edited: Feb 13, 2021
  15. Chrizton

    Chrizton Well-Known Member

    Joined:
    Aug 4, 2020
    Messages:
    7,707
    Likes Received:
    3,784
    Trophy Points:
    113
    Not sure there is any near term risk of them being much developed. Several of the leases were taken out by Alaska itself as a backstop, Knik Arm Services doesn't drill but bought the lease on speculation, and Regenerate Alaska is an Australian owned firm that just expanded on land it already owns next to Exxon on the fringe of ANWR. ( https://www.ktoo.org/2021/01/11/dri...t-steps-after-first-arctic-refuge-lease-sale/ )
     
  16. Robert

    Robert Well-Known Member Past Donor

    Joined:
    Aug 16, 2014
    Messages:
    68,085
    Likes Received:
    17,134
    Trophy Points:
    113
    Gender:
    Male
    How would you drive down the prices of foreign oil?
     
  17. Robert

    Robert Well-Known Member Past Donor

    Joined:
    Aug 16, 2014
    Messages:
    68,085
    Likes Received:
    17,134
    Trophy Points:
    113
    Gender:
    Male
    That means the state won 10-year oil leases for nine pieces of land by submitting the minimum offer that the federal government would accept: $25 an acre.

    “We are very happy that we were able to win some of the tracts in this case,” Alan Weitzner, AIDEA’s executive director, said in an interview Thursday.

    “We would have preferred to see a more competitive bid put in place,” he said. “But I do think that there was a lot of uncertainty related to it.”

    Drilling for oil in the refuge faces an aggressive opposition campaign. It’s also expensive, and uncertainty surrounds the future of oil demand — as well as just how much crude is actually trapped under the land.

    Weitzner said he hopes the state’s decision to step in removes at least some of the uncertainty the oil industry might have about drilling in the coastal plain.
     
  18. FreshAir

    FreshAir Well-Known Member Past Donor

    Joined:
    Mar 2, 2012
    Messages:
    150,175
    Likes Received:
    62,815
    Trophy Points:
    113
    don't have to, when it goes higher than we can produce here, we make it here
     
  19. Chrizton

    Chrizton Well-Known Member

    Joined:
    Aug 4, 2020
    Messages:
    7,707
    Likes Received:
    3,784
    Trophy Points:
    113
    Thank you for quoting me a section of an article I already read and posted the link to. Do you now have a point?
     
  20. Robert

    Robert Well-Known Member Past Donor

    Joined:
    Aug 16, 2014
    Messages:
    68,085
    Likes Received:
    17,134
    Trophy Points:
    113
    Gender:
    Male
    Didn't you like your own article?
     
  21. Chrizton

    Chrizton Well-Known Member

    Joined:
    Aug 4, 2020
    Messages:
    7,707
    Likes Received:
    3,784
    Trophy Points:
    113
    So you have nothing to add. Got it.
     

Share This Page