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Fracking Ban is Just One of Many Ways for Biden/Harris to Attack Oil and Gas

Assuming that the various challenges being filed by President Donald Trump this week to election results in several states fail and Democrat Joe Biden does become the next President of the United States, the potential impacts to the oil and gas industry in the U.S. would be numerous and severe. While only one significant oil and gas-related issue was raised to high prominence during the general election campaign – Biden’s promises to ban hydraulic fracturing at various times and levels – it is a mistake to assume that that would be the only way in which a Biden/Harris Administration would impact the industry.

The first tranche of impacts will come in the form of executive orders. Like the Obama/Biden presidency before him, a great deal of President Trump’s energy-related policy has been enacted via executive orders. The obvious vulnerability of any executive order is that it usually can be easily reversed by a successor in office. Thus, the most immediate impacts of a Biden presidency will come in the form of efforts to increase regulation on the energy industry via the reversal of various Trump executive actions. Biden and Harris repeatedly promised to take these actions throughout their campaign, so we should expect a quick follow through on what amounts to low-hanging fruit.

Those likely executive order reversals include:

·        Re-entry of the United States into the Paris Climate Accords

·        Re-entry of the United States into the Obama-era Iran deal, which would free up Iran to dramatically increase its exports and potentially impact crude prices;

·        Trump’s order to end the Council on Environmental Quality’s guidance that all federal permitting decisions and NEPA reviews must consider climate change impacts;

·        Trump’s order to disband the Interagency Working Group on Social Cost of Greenhouse Gases;

·        Trump’s various orders designed to eliminate delays in federal permitting processes.

We can also expect a Biden presidency to follow through on his promises to ban hydraulic fracturing on federal lands and waters, which represent a very sizable percentage of overall U.S. oil and gas production. This can be accomplished by an order from either a President Biden or from his future Secretary of the Interior, although we should also expect Interior to follow up and attempt to frame it in the form of regulations in order to make it more of a permanent change.

It is also important to remember that Sen. Kamala Harris promised to eliminate hydraulic fracturing entirely in the U.S. repeatedly during her own presidential effort in 2019, and never really backed off of that promise during the general election campaign as Biden’s running mate. On the few occasions when she was asked about it, she was always very careful to say that “Joe Biden will not ban fracking,” and no more than that.

 

Read the Rest Here

 

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Today’s news moves at a faster pace than ever. Whatfinger.com is the only real conservative alternative to Drudge, and deserves to become everyone’s go-to source for keeping up with all the latest events in real time.

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Gavin Newsom’s Unbridled Energy Hubris

Three big oil and gas-related stories this week were all interrelated with one another, though few really understand that to be the case. Those stories were:

 

 

For Governor Newsom, banning hydraulic fracturing – or “fracking” as it has come to be called – in his state is a relatively simple matter in what has become, for all intents and purposes, a one-party state. All he has to do is convince his overwhelming majorities in both houses of California’s state assembly to pass a bill mandating that all fracking operations cease within the state’s borders by a date certain.

Such a move would of course eliminate thousands of oil and gas-related jobs in the state, but most of those are concentrated in Republican Kern County and the surrounding parts of the Central Valley, over which the assembly’s Democrats would have little concern. Besides, they can all just respond to Republican and industry complaints with the Obama-era pretense that all those lost jobs and more will be made up by the heavily-subsidized wind and solar industries. It will be akin to former President Obama telling West Virginia coal miners and Ohio steel workers that their jobs are never coming back and they should all go learn to code.

Replacing the state’s millions of gas and diesel autos with electric vehicles will be far more complicated. Newsom’s order gets that ball rolling by requiring the California Air Resources Board to implement the phaseout of new gas-powered cars and light trucks in the coming years, and also require medium and heavy-duty trucks to be zero-emission by 2045 where possible. Sounds simple, right?

But here’s the thing about all of that: The generation and provision of energy is basically a zero-sum game. When you ban one energy source, you must figure out a way to generate the same amount of energy by another source. You either do that or you accept the reality that energy will become scarce, and thus far more expensive so that consumers demand less of it, and write off the negative economic consequences that will inevitably result.

Read the Rest Here

 

 

 

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Today’s news moves at a faster pace than ever. Whatfinger.com is the only real conservative alternative to Drudge, and deserves to become everyone’s go-to source for keeping up with all the latest events in real time.

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Did BP Really Say That Global Oil Demand Has Peaked? No, Not Really.

During a panel discussion in which I participated recently with three energy experts, the moderator asked us if we agreed with the recent projection by British oil giant BP that oil demand may have already peaked during 2019. Everyone on the panel answered with a firm “no.”

From my own perspective, I gave that answer in large part because all of the dozens of previous “peak oil” predictions – whether from the supply side or the more recent demand side reasoning – have turned out to be entirely wrong, often in hilarious fashion. From an historical perspective, it just seems like the safer position to take.

That’s not to downplay the position assumed by BP, whose internal expertise is undeniable. But it’s key to note that much of the media coverage the company’s findings have received portrays BP’s position as being far more absolute than it really is. The company’s position on “peak oil” is in fact highly-qualified.

As a part of its recently-released Global Energy Outlook study, the company ran three scenarios based on differing assumptions regarding how rapidly governments around the world would attempt to move to adopt emissions-reducing policies and subsidize renewables. The cases were labeled “Rapid” (the most aggressive assumptions), “Net-Zero” (assuming most governments would adopt ‘net-zero by 2050’ policies) and “Business as Usual”, in which progression would continue on the slower path seen to date.

In a COVID-19 hampered world in which governments across the globe are teetering on the brink of insolvency, the “Business as Usual” scenario certainly appears to be most likely to persist for the time being, given the multi-trillion dollar costs involved in the other two cases. Under that scenario, BP in fact projects that global demand will not only recover to pre-COVID levels seen late last year, but continue to grow through the year 2030.

Read the Rest Here

 

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Today’s news moves at a faster pace than ever. Whatfinger.com is the only real conservative alternative to Drudge, and deserves to become everyone’s go-to source for keeping up with all the latest events in real time.

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Trump: The Greatest Energy President in U.S. History

President Trump was in Midland, Texas on Wednesday, where he spoke about energy and its importance to our national security and our lives. Midland was the right place to deliver this speech, since it lies in the heart of the Permian Basin, the most prolific oil and gas play area on the face of the earth for the past five years.

At the event, the President also announced his administration would allow export authorizations for liquefied natural gas to be extended until the year 2050 and signed four permits, including two allowing exports of Texas crude oil to Mexico via truck and pipeline, the first of their kind.

Energy is a huge issue in this election for the simple fact that policy related to energy and the environment is one of the areas that are central to the Communist/Democrats’ efforts to turn our nation into a socialist country along the Venezuela model.

No president in our nation’s history has had a laser focus on promoting America’s energy resources similar to what President Trump has done.  His policies have played a major role in transforming America from a client state reliant on foreign imports from hostile nations to one of the major energy powerhouses on earth. His achievements in this area are truly historic and will have lasting impacts for years to come.

He is without doubt the greatest energy President in our nation’s history.

This was an excellent speech on the subject, and it is well worth the time to watch the video and maybe even read and absorb the transcript, both of which are provided below.

Here’s the Clip:

 

Transcript:

I really am thrilled to be here in Midland, Texas with the extraordinary men and women of Double Eagle Energy, and what a nice welcome. Thank you very much…big beautiful rigs behind me.

Thanks to the hard working citizens like you in United States Of America this is now the number one energy superpower anywhere in the world, so congratulations. It’s not that easy, but no one said it’s easy. We’re here today to celebrate your incredible achievements, we are also here to send a clear message to the Zealots radicals and extremists trying to shut down your and to make America subservient to foreign producers. That won’t happen to this nation again. Long time to be independent and.

A long time to be independent, and as long as I’m your president, we will never let anyone put American energy out of business, which is what they’d like to do. We will never again be relying on hostile foreign suppliers. We will defend your jobs and we will defend the Lone Star State, I love this state. We will defend Americans who found energy independence. Before going any further I want to provide you with a brief update on our battle against the China virus. Our hears are with the people of Texas. We love our people. We love our country. Statewide presenting patients testing positive has stabilized, and the number of new cases has begun to substantially decline. But Texans must remain vigilant.

To protect our seniors my administration has deployed personal protective equipment and rapid point of care testing systems to every Medicare and Medicaid-certified nursing home in your state. No matter where you go they have it.

This week, access hospitals are receiving 500 cases of antiviral treatment Remdesivir. It’s been very, very successful. Enough to treat 3200 patients.

Under my administration’s Operation Warp Speed, we’re developing vaccines in record time. Earlier this week, a promising vaccine entered the final stage of clinical trials long ahead of schedule, with more following very quickly behind. We have some of the greatest companies, labs in the world doing this. This is the fastest a vaccine has ever been developed. Together we will end the plague from China. We will defeat the virus.

I want to thank everyone at Double Eagle Energy for hosting us today, including co-founders, two great, young, smart people, Cody Campbell and John Sellers. Thank you, Cody. Thank you, John. Thank you fellas. Good job.

Thanks also to anterior secretary David Bernhardt. David, thank you. Energy secretary Dan Brouillette, Texas says keep him, we really kept him very busy. Where’s Dan? You’ve been kept very busy, very busy. A great Senator and a great friend of mine, Senator Ted Cruz. Ted, thank you. He’s out there fighting for you. I want to tell you. Thank you Ted.

Representatives, and these are friends of mine and they’re warriors, Jodey Arrington and Mike Conaway, thank you fellas. Thank you. Thank you. Great job. A very, very special man and a very special talent, Governor Greg Abbott. Thank you. Thank you, Greg. Great job you’re doing. He’s working hard and you’re doing a fantastic job. Our people are working together and you’re getting everything you need. So good. Thank you for doing such a good job and thank also Dan Patrick, your Lieutenant governor, my friend. Thank you very much, Dan. Great help, great team. No better team in the country. Thank you. Midland County judge, terry Johnson. Thank you Terry. Thank you. Your former governor, a great man, a friend of mine, secretary of energy, Rick Perry. Nobody did a better job than my Rick. Thank you Rick.

We have so many other distinguished guests and local leaders and we just want to thank you all for being here. Thank you all very much. Great honor. Thank you very much for being here.

Under the last administration, America’s energy industry was under relentless and unceasing attack, you know that. But the day I took the oath of office, we ended the war on American energy and we stopped the far left assault on American energy workers. Now the assault, you’ve seen what’s going on. It could come again. But I have a very strong feeling you’re not going to have to worry about it. If you do you’re in big, big trouble.

I withdrew from the one-sided, energy destroying Paris Climate Accord. It was a disaster. It cost us billions of dollars and it would have made us a noncompetitive nation.

We canceled the Obama administration’s job crushing clean power plan. You know all about that. I improved the Keystone XL and the Dakota Access Pipeline immediately upon assuming office. We opened up ANWR in Alaska to energy exploration, ended the moratorium on coal leasing on federal lands and reopened public lands and offshore areas to oil and gas exploration. That’s where David Bernhardt’s done such a great job. Thanks David. We unlocked the full energy potential of Texas and New Mexico, and New Mexico, we’re proud that we’ve been here. We’re proud to help. You have been fantastic. A lot of jobs.

Since my election oil and gas production in the Permian Basin has more than doubled. Under the Trump Administration the United States has increased oil production by 3.1 million barrels per day. That’s some number, never been anything like that number. For the first time in nearly 70 years, we have become a net energy exporter, and the United States is now the number one producer of oil and natural gas on the face of the earth.

To ensure we maintain this dominant position long into the future, we will never lose this position, my administration is announcing today that export authorizations for American liquified natural gas can now be extended through the year 2050. Mr. Governor is that long enough? Okay, 2050, that seems like a long time. He said let’s make it longer.

At the same time, we’re strongly protecting our environment. Air pollution is down significantly since I took office. While other countries are polluting the world’s air and oceans, we will never cease to be a leader in protecting our natural environment and that’s what’s happening. People don’t know that about us. We love our environment. Under my administration the United States will continue to have among the cleanest air and cleanest water anywhere on earth and that’s what we have.

Thanks to our pro- American energy policies, we’re also taking jobs in factories away from countries with poor environmental standards, such as China, and bringing jobs back to America, where they belong. Before the invisible enemy struck our shores, we created 800,000 new energy jobs, a third of them in Texas. That was just the new jobs. Add onto that millions of other jobs.

After the China virus struck we implemented historic economic relief. When oil crashed, I got Saudi Arabia, Russia and others to cut nearly ten million barrels a day and got OPEC plus and Mexico to agree to the deal and hence we’re okay. Now we’re back. We’re back. I will tell you, and I can tell you that I spoke with Dan and Greg and I spoke with Senator Ted Cruz, I spoke with a lot of people and we were very close to losing a very powerful, great industry, and we did a job. We did a great job all together, working together, a job like I think nobody could have done, and now we’re back and now we’re just going to keep expanding.

You will see. It’s happening, but we really did. We did a great job and I want to thank, frankly, Saudi Arabia. I want to thank Russia. I want to thank Mexico, and I want to thank OPEC as they call it, Plus. It’s called OPEC Plus. That’s OPEC, Plus a lot of other countries. But they all came to together and they did a job for the industry and we appreciate everybody’s help.

This action stabilized world oil prices that had been in a free fall and saved millions of energy jobs, and frankly it saved your industry. Four months ago people were very, very concerned about that industry, and now it’s just going to be a question of how fast will you put people on.

Through the Paycheck Protection Program we provided over one billion dollars in emergency aid to keep Texas energy workers on the payroll. We kept them all in the payroll. We opened up 30 million barrels of space in Strategic Petroleum Reserve, allowing American companies to store surplus oil to be sold at a later time, and we filled up our 75 million barrels in the Strategic Reserve. And Dan, you’ve done a fantastic-

In the strategic reserve and Dan you’ve done a fantastic job on that. Thank you very much.

I only wish he bought it when the oil was selling for zero and they paid you $37.00 in addition. You get a barrel plus $37.00, I said, “Dan, why didn’t you make that deal?” I would have loved that, but you did well. Thank you very much.

Today I’m taking another bold action to support energy jobs in Texas. In a few moments, I will sign four critical permits granting approval to vital pipeline and railway infrastructure on our nation’s border. That’s a big deal, this will include two permits allowing the export of Texas crude to Mexico, a giant victory for the workers of this state that you’ve been after for many years, right? You’ve been after that one for many years. I said, “What do I know about it? If you want to do it, it’s okay with me,” and we’re doing it, so that’s been a long time in the making.

We’re joined today by some of the incredible patriots of the Texas oil and gas industry who are benefiting from America’s energy boom. Josh was born and raised right here in Odessa and Midland, where’s Josh? Thank you Josh. After spending a few years away at school, Josh came back home to West Texas. Josh’s dad worked on the oil rigs. Josh worked on the oil rigs and he hopes his three children will work one day doing the same kind of incredible work and looking for the wonderful opportunities in American energy. Josh, thank you very much. Congratulate your family. You’re going to have a great future. Thank you. Appreciate it.

Brian Welch spent five years in the army, supporting our victory in the Gulf War. Then he became … Hello, Brian. Thank you Brian. Then he became an energy worker. Did you make the right move, Brian? I think so, right? Better believe it. With over 25 years of experience, Brian, a senior pumper with Double Eagle Energy, do they treat you well? They better, they better, I’m going to come back and see those two guys. Just like thousands of other veterans who work in this industry, Brian has made America safer with his service and now he’s helping keep us secure by maintaining American energy independence which we have. Thank you very much Brian. Great job. To Brian and every veteran who works in the American energy sector, we salute your noble service and we thank you very much, we thank you very much, everybody, thank you.

While my administration is fighting for workers like you, the radical left, have you ever heard of the radical left, Brian? You don’t want to hear about them. You don’t want to know about them, is fighting to abolish American energy, destroy the oil and gas industries and wipe out your jobs. Washington Democrats have embraced Representative Ocasio-Cortez’s nearly $100 trillion Green New Deal disaster. I have added the fourth word, it’s a disaster, which would ban oil and gas leasing on all federal lands and by the way there would be no fracking, so let me ask you Mr. Governor, how do you think that works in Texas? No fracking, no drilling, no oil, is that okay? Good.

I don’t think Biden’s going to do too well in Texas. He’s already written it off, it’s gone. No fracking, that’s part of his platform. If these far left politicians ever get into power, they will demolish not only your industry but the entire U.S. economy. Their stated agenda includes rejoining the Paris Climate Accord, spending billions and billions of dollars in order to make us non-competitive, and seeking an even higher level of restrictions mandating net zero carbon emissions which frankly is impossible, for all new homes, offices and buildings by 2030, not possible to do, and if you ever did it, it would cost so much that your home would be valueless.

This would cause the cost of construction to skyrocket and effectively end the use of natural gas in homes because it would be an impossible situation. They’re asking for things, just so you understand, that are impossible. I don’t know, I haven’t checked recently, what have they done with cows? Remember there were going to be no more cows and no more cattle. I think they might have left that one off the manifesto but it will be back.

Their platform calls for mandating zero carbon emissions from power plants by 2035. In other words, no drilling, no fracking, no coal, no shale, no gas, no oil. Otherwise they’ve been very good to the industry I think. You got to be careful. People don’t take it seriously. If they got in, you will have no more energy coming out of the great state of Texas, out of New Mexico, out of anywhere. Oklahoma, North Dakota, name them. Pennsylvania, Pennsylvania does a lot. People don’t realize that, a lot. It would throw Pennsylvania, Ohio, so many other places, you don’t realize how big it is, they want to have no fracking, no nothing.

The policies required to implement this extreme agenda would mean the death of American prosperity and the end of the American middle class. It would mean I think even worse than that. It would destroy our country. I used to say we would become another Venezuela, same ideology, you would become another Venezuela. Venezuela used to be one of the richest in the world per capita and period one of the richest in the world, among the largest oil reserves. Now they don’t have water, they don’t have medicine, they don’t have food, you got a lot of oil, it doesn’t matter. Doesn’t seem to matter.

They don’t have anything, and that can happen to us. All you have to do is look at Portland, look at the agitators, look at the anarchists in Portland and our people have done a great job in protecting our courthouse and I told my people a little while ago, if they don’t solve that problem locally very soon, we’re going to send in the National Guard and get it solved very quickly just like we did in Minneapolis and just like we will do in other places. They want to solve their problem, they’ve got a very short time to do it, but they’ll either solve their problem or we send in the National Guard.

The U.S. energy industry would grind to a halt and every single energy producing state would be plunged into a depression. Two million jobs would vanish overnight in just the state of Texas alone, and I think the number’s probably Greg a lot higher than two million. Millions more would disappear in New Mexico and Ohio and Colorado and Pennsylvania.

By imposing these punishing restrictions and beyond restrictions, the Washington radical left crazy Democrats would also send countless American jobs, factories, industries to China and to other foreign polluting states. They want us to take care of our air but China doesn’t take care of its air. In all fairness, India doesn’t take care of its air. Russia doesn’t take care of its air, but we do. Not on my watch it’s not going to happen I can tell you that. Because as long as I’m president, we will always put America first. It’s very simple, very simple. For years and years we put other countries first. We now put America first.

As we have seen in cities and towns across our nation, it’s not just Texas oil that the radical Democrats want to destroy, they want to destroy our country. These people are sick. They are sick and you better get used to hearing it because they have some real problems. They don’t love our country. In any way, shape or form, they don’t love our country. There’s no respect for the American way of life. There is no way of life ever in history that’s been like the great American way of life. There’s no respect but there is by you and there is by 95% of our people. Our people love our country and our people love our anthem and they love our flag. Remember that.

The radical left wants to tear down everything in its way and in its place they want power for themselves, they want power. Hard to believe, power. They want to uproot and demolish every American value. They want to wipe away every trace of religion from national life. They want to indoctrinate our children, defund our police, abolish the suburbs, incite riots, and leave every city at the mercy of the radical left. That’s not going to happen. That’s not going to happen. By the way, I just ended the rule on suburbs. You know the suburbs, people fight all of their lives to get into the suburbs and have a beautiful home. There will be no more low income housing forced in to the suburbs. I abandoned and took away and just rescinded the rule. It’s been going on for years, I’ve seen conflict for years. It’s been hell for suburbia.

It’s been hell for suburbia. We rescinded the rule three days ago, so enjoy your life, ladies and gentlemen. Enjoy your life. The proud people of Texas will never bow, kneel or surrender to the left-wing mob. You will always stand tall and strong for America.

Everyone here today carries the legacy of some of the toughest, fiercest, and most determined people ever to walk the face of the earth, your ancestors. You know that. You know that generations of Texas oil workers before you gave every last bit of sweat and heart and grit that they had to build up this country. They loved our country. They loved our country so much they couldn’t breathe. Their pride and devotion help raise up America cities, power our factories, propel our industries, sustain our families, supply our military and fuel America’s rise into the strongest, wealthiest and greatest nation the world has ever known.

We are now at the strongest point militarily, we’ve ever been due to… I’ll tell you, Ted? Where is Ted? He was a big leader in this. Stand up again, Ted. Ted Cruz, John Cornyn, and our Senate and our House approved $2.5 trillion to rebuild entirely the United States military. It’s now at a point that it’s the strongest it’s ever been. A lot of the equipment is still coming in, brand new planes and missiles and everything you can think of. And I want to thank you, Ted. You were one of the real leaders, and John too. The two of you, I appreciate it very much. You are well-represented. We have the greatest equipment on earth. We have equipment that I can’t even tell you about. You don’t want to know about it, frankly, and hopefully we’d never have to use it.

Now it’s your turn to help lead our nation to even greater heights. Today we give thanks for each and every one of you. And we are telling the Washington politicians trying to abolish American energy, don’t mess with Texas. And I just want to finish by saying that I’ve had a great relationship with your leaders, with your politicians. With all the people in Texas, we’ve had great success. We had a great victory. They said, “Oh, I don’t know if he’ll win.” And we won. Not only did we win, we won quickly and easily. And now we’re leading what we had even four years ago.

I will never let you down. I will never let Texas down. And your governor and lieutenant governor and your senators, they know that very well. Thank you. And thank you very much, Greg. Dan, thank you very much. Ted, thank you. Great job. God bless you, and the great state of Texas, God bless you. God bless you.

On behalf of every American energy worker, I will now sign these very important permits that your governor and your senators have been after me for a long time to sign. And they’ve been after a lot of other presidents to sign them, but they never were able to get it done. But we got it done. And we got it done for a great state called Texas. Thank you very much everybody.

[End]

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Today’s news moves at a faster pace than ever. Whatfinger is my go-to source for keeping up with all the latest events in real time.

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OPEC+, G20 Produce A Very Dim Light At The End Of A Long, Dark Oil Price Tunnel

After the OPEC+ countries produced an oil supply reduction agreement on Thursday that amounted to a half-measure at best, industry observers had pinned some hope on a firm commitment to further cuts coming from G20 call that took place on Friday. Those hopes were not fulfilled, as the G20 communique included only vague language indicating those nations would work towards “market stability.”

The language in the comminique reads as follows: “We commit to ensure that the energy sector continues to make a full, effective contribution to overcoming COVID-19 and powering the subsequent global recovery. We commit to work together in the spirit of solidarity on immediate, concrete actions to address these issues in a time of unprecedented international emergency. We commit to take all the necessary and immediate measures to ensure energy market stability.”

In this political season in the U.S., that reads like issue-specific talking points from a candidate trying to say something to placate the public and media without really taking either side of the issue.

Leaving matters even more up in the air, Mexico refused to commit to its full share of the OPEC+ cuts, saying it could only reduce its own production by 100,000 barrels of oil per day (bopd). U.S. President Donald Trump intervened to commit to his country to supporting Mexico’s part of the deal by supplying 250,000 bopd in cuts of its own, but left the process of how he would achieve that level of firm supply reduction unclear. This is a key question since the national U.S. government has very limited power to force firm reductions in production by the private companies that operate all wells in the country.

Canada, which has not been a participant in any previous efforts to control supply, also remained non-committal in terms of committing to any firm reductions of its own.

Read the Rest at Forbes.com

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Why Does Joe Biden Ignore Fracking Science ?

Today’s Campaign Update, Part II (Because the Campaign Never Ends)

Joe Biden and his fellow Democrats are fond of pointing fingers at others and accusing them of ignoring science. They resort to this canard whenever they are trying to avoid having to form a rational, fact-based argument around “climate change,” but they like to use it as a crutch against logic on other topics as well.

But in Sunday night’s debate, when Biden once again demonized hydraulic fracturing – or “fracking” – and promised his administration would invoke a “no new fracking” policy should he actually stumble into the White House next January, it was Biden and no one else who was ignoring real, actual science.

Ironically, in ignoring the actual science around the very safe, well-regulated industrial process of fracking, Biden was ignoring the advice of the senior officials who held regulatory sway over oil and gas-related activities while he served as Vice President. These officials include, but are far from limited to:

Steven Chu, Stanford PhD. Nobel Prize Winner (Physics) DOE Secretary

U.S. Senator Ken Salazar, (Juris Doctor from University of Michigan) DOI Secretary

Sally Jewell (Mechanical Engineering, University of Washington) DOI Secretary

Gina McCarthy (Master of Science in Environmental Health Engineering and Planning and Policy, Tufts University) EPA Administrator

Lisa Jackson (Master of Science in chemical engineering from Princeton University) EPA Administrator

Each and every one of these cabinet-level appointees by President Barack Obama testified and commented on the record on multiple occasions throughout the Obama/Biden administration that hydraulic fracturing was a safe and well-regulated process that offers no threat to groundwater and produces very little air emissions. These senior Obama-era officials were literally forced to make these admissions after spending years in the conduct of a vain search for examples of fracking polluting groundwater or releasing major, harmful air emissions.

The effort at the EPA rose to such hyperbolic levels that one EPA Region 6 administrator, former SMU professor, Dr. Al Armendariz, was removed after his allegations of groundwater contamination by Range Resources were proven to be false. However, that proof did not prevent the State of New York from using Armendariz’s findings in its own doctored report that was used to justify banning fracking within its state borders.

Mr. Biden loves to talk about his years of serving as Vice President to President Obama. Yet, when it comes to fracking and the science his own administration developed and communicated during those 8 years in office, the former VEEP seems to have developed a mental block.

But no worries – we will continue to remind him – and you – of the real, extremely well-developed body of science that surrounds this safe and well regulated industrial process. Because facts are stubborn and important things, especially during troubling times such as these.

That is all.

Today’s news moves at a faster pace than ever. Whatfinger.com is my go-to source for keeping up with all the latest events in real time.

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Democrats Present a Stark Reality for the Oil Industry in 2020 Elections

The time has come for people in the oil and gas business — especially its senior executives and those who do government affairs work within the larger companies — to wake up to the reality of the Democratic Party as it exists today, as exemplified by its current crop of presidential contenders and caucuses in both houses of Congress.

Simply put, this is not your father’s Democratic Party.

Gone are the days when there existed a subset of fairly moderate Democratic members of Congress in both the House and Senate who could be classified as strong supporters of the oil and gas industry. There are no more Mary Landrieus in today’s United States Senate, nor even a Heidi Heitkamp to be found. In the House, you still have one identifiable Democrat — Texas Rep. Henry Cuellar, who can be said to be a real supporter of the oil and gas industry, but that’s pretty much it. And even Rep. Cuellar was so cowed by Speaker Nancy Pelosi that he cast a “yes” vote to impeach the most pro-oil and gas president in U.S. history on the flimsiest grounds imaginable in December.

Gone are the days when a startup industry trade association, America’s Natural Gas Alliance (ANGA), could be effective by hiring a former Clinton operative to be its president and hiring a raft of pro-Democrat contractors to shape its messaging. ANGA, created at the outset of the Obama Administration in early 2009, was able to quickly become a force for promoting the benefits of natural gas using that model a decade ago. A decade later, pretty much none of the Democrat senators and congressmen with whom ANGA formed effective working relationships remain in Congress. All have been replaced by Republicans, or by more radical left-wing, anti-oil and gas members.

While ANGA and other industry trade associations were able to form working relationships with many Democrats of the time — even in those years, those Democrats could not be counted on for industry support on the truly big votes. ANGA and the rest of the industry, for example, were unable to secure a single Democratic vote during the battle over the national carbon cap-and-trade bill that barely failed in 2010.

I know all of this to be true because I was intimately involved in ANGA’s work during those years when I was Director of Government Affairs at El Paso Corporation. Working to form those relationships with Democrats in Congress made sense at the time since a number of them really were pro-oil and gas, at least to some extent, and because there was a Democratic administration in place that was decidedly hostile to the industry’s interests.

Read the Rest Here

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Biden Goes Full-on Fascist in Targeting Fossil Fuel Executives for Prison

Today’s Campaign Update, Part II
(Because The Campaign Never Ends)

Remember, Quid Pro Joe is the “moderate” among the leading Democrat presidential contenders. – Earlier this week, Joe Biden promised to imprison fossil fuel executives for the alleged impacts their companies have had on the climate in a clear effort to pander to the Democrat Party’s radical base. In making the pledge, Biden – the so-called “moderate” in the Democrat field of candidates – joins leftist radicals like Bernie Sanders and Elizabeth warren in promising not to just further regulate coal, oil and natural gas in the U.S. but to imprison executives from those key U.S. industries.

As reported by Joshua Caplan at Breitbart, Biden made the remarks during a campaign event attended by dozens in Peterborough, New Hampshire:

“If we don’t stop using fossil fuels–” an attendee began a question to the candidate.

“We’re all dead,” Biden interrupted.

Earlier in the event, Biden vowed as president to hold energy giants liable for global warming and made a pledge to even jail executives.

“We have to set sort of guide rails down now, so between the years 2021 and 2030, it’s irreversible – the path we set ourselves on. And one of which is doing away with any substance for fossil fuels – number one,” Biden said.

“Number two, holding them liable for what they have done,” he said of fossil fuel executives, “particularly in those cases where your underserved neighborhoods and – you know the deal, okay. And by the way, when they don’t want to deliver, put them in jail. I’m not joking about this.”

Here’s a video clip:

Ok, so, he’s “not joking” about putting people who run companies in fully-regulated industries in jail for doing things their companies all had local, state and federal government permits to do. Let’s be clear about this: Both the coal and oil and gas industries are regulated by all of those levels of government. Literally every action any company in either industry makes requires a permit by some government agency to make.

Local governments regulate their traffic, truck sizes on specific roadways, their dust and noise creation; state governments regulate their surface mining, pit mining, drilling and hydraulic fracturing operations. Oil and gas pipelines that do not cross state lines are fully regulated by state agencies; those that do cross state lines are regulated by both state and federal agencies. Refineries and import/export facilities are regulated by agencies/commissions/councils at all levels of government.

This has been the case since these industries were conceived and instituted, and yet now every leading candidate for the Democrat Party’s presidential nomination proposes to toss company executives into prison for undertaking the production of the fuel sources that drive the U.S. and global economy, all of which was permitted and licensed in advance by a vast array of government entities. This is what Quid Pro Joe and the other leading Democrats propose now to retroactively turn into crimes.

This is full-on fascism, folks. It is brutish, unthinking, moronic thuggery. And of course, it’s exactly where the global religion of Climate Change wants to take our society: Into the pits of socialist fascism.

You could never make this stuff up. Not in a million years.

 

That is all.

 

Today’s news moves at a faster pace than ever. Whatfinger.com is my go-to source for keeping up with all the latest events in real time.

Open post

The Oil and Gas Situation: Reviewing 6 Predictions

Today’s Energy Update
(Because Energy Fuels Our Lives)

As Q1 2019 comes to a close, it is time to review the status of some predictions I made here the day after Christmas for what we would see during the first half of 2019. Accurately gauging where the industry will be several months into the future is always a crap shoot, and as usual, I find myself feeling glad I didn’t go out and bet the farm on any of these.

First, let’s look at what I had to say about the domestic rig count as calculated by the folks at DrillingInfo:

…my first prediction is that we will see a gradual fall in the domestic U.S. rig count throughout the first half of 2019. Indeed, the DrillingInfo Daily Rig Count already fell by about 3% during December, from 1160 to 1120 on December 25. I’m betting that, by June 30, that measure will be below 1050…

This particular count finished the quarter at 1049, after falling slowly but steadily throughout the first three months of the year. This represents a 9% drop since Christmas day, and there is no real reason to expect this trend to change during the second quarter, with so many upstream companies prioritizing stock buybacks and other programs designed to return capital to investors and lenders over the mad rush to increase production we saw throughout 2017 and the first 8 months of 2018.

A reasonable updated guess would be that we will see the DrillingInfo count fall to right around 1000 by the time June 30 rolls around.

What about crude prices? Here’s what I predicted they would do in Q1:

…my second prediction is that the price for WTI will rise again, but will not exceed $60 during the first half of 2019.

As things turned out, I had the general direction of crude prices right, but underestimated how rapidly they would rise, as WTI closed at $60.14 in Friday’s trading. The basic market dynamics that advocated in December for what has been a 20% recovery in the WTI benchmark remain in place today. Global demand continues to rise more rapidly than all the experts thought it would at the first of the year, and the OPEC-plus nations still maintain pretty strong compliance with their export quotas.

 

Read the Rest Here

 

 

Follow me on Twitter at @GDBlackmon

Today’s news moves at a faster pace than ever. Whatfinger.com is my go-to source for keeping up with all the latest events in real time.

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