[Hawkcreek]

$this->bbcode_second_pass_quote('eastbay', 'H')as anyone considered saving it for later? Or are we all on the same page wanting to burn it all up as fast as we can?

[Sixstrings]

$this->bbcode_second_pass_quote('eastbay', 'H')as anyone considered saving it for later? Or are we all on the same page wanting to burn it all up as fast as we can?

[AgentR11]

I've always been of the mind that we burn THEIRS first, then go for ours. I honestly think both political parties are onboard for this; they just play the shell game differently when they are up. Its just a bit of a hard sell to make publicly.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('AgentR11', 'I')'ve always been of the mind that we burn THEIRS first, then go for ours. I honestly think both political parties are onboard for this; they just play the shell game differently when they are up. Its just a bit of a hard sell to make publicly.

[AgentR11]

We're not bankrupt; we're malevolent. Bankrupt means you can't pay what you owe. What we owe amounts to about 1 large pine tree and some ink. That is if we don't want to just take a scrap of paper, write "10 trillion" on it; sign it, hand it to the Chinese guys and say, "have fun". (which is what they are really terrified that that is exactly what we intend to do.)

As to energy policy?? With the layout of this country? Policy can't trump reality; and reality says, we're using the oil for transport, until its gone.

So nah, we aren't passing on florida & california coastal production because its green, we're doing it because when the Arabs run out, that 5-6 mil bbl/day that we'll still be able to produce is gonna seem huge. If we denominate it with inflated dollars at $10,000 / bbl; so be it. Gonna suck for those that held treasuries when oil was $100 / bbl, no?

In the end, its just a couple tacked on zeros on a piece of paper.

[Tanada]

I firmly believe as we head down the slope of Peak Oil ANWR will be exploited as one of the last places where 'virgin' oil fields can be tapped on land. I think claiming we are 'protecting' it by not exploiting it now with strong environmental laws in place means that when it does get developed out of desperation the environmental damage will be very much higher than it would be today. The recent run up in fracking oil took the pressure off for right now, but when the fracking bump reverses course in the near future certain politicians are going to be desperate because they have been touting all this Saudi America nonsense about America returning to oil exporter status.

$this->bbcode_second_pass_quote('', 'T')he state of Alaska is seeking a summary judgment in its efforts to conduct a 3-D seismic campaign in the coastal plain of the Arctic National Wildlife Refuge.

[Tanada]

Nothing like sticking your thumb in the eye of the Loyal Opposition to start the new Congress off in a friendly mood. Much more at the link after the quote.

$this->bbcode_second_pass_quote('', 'A')laska’s all-Republican delegation to Congress is accusing President Barack Obama of attacking the economic health of their state by recommending that 12 million acres of land be designated as wilderness area, a move that would make the land off-limits for energy development.

The Department of the Interior and the White House on Sunday announced its proposal to protect a huge chunk of the Arctic National Wildlife Refuge, an area about as big as South Carolina that sits in the northeastern region of the state. The administration said only a portion of ANWR is protected, and that officially designating 12.28 million more acres would help protect it for future generations.

But Republicans, who have said it’s possible to drill for oil in ANWR in an environmentally sound way, said the move would be a crushing blow to the state’s economy. They also said it was announced without any significant consultation with Alaska’s representatives.

“What’s coming is a stunning attack on our sovereignty and our ability to develop a strong economy that allows us, our children and our grandchildren to thrive,” said Sen. Lisa Murkowski (R). “It’s clear this administration does not care about us, and sees us as nothing but a territory. The promises made to us at statehood, and since then, mean absolutely nothing to them.”

[Tanada]

Here is a confirmation from ADN.com , the Anchorage Daily News.$this->bbcode_second_pass_quote('', 'P')resident Barack Obama said Sunday that he planned to ask Congress to declare much of the Arctic National Wildlife Refuge as wilderness, including its 1.5-million-acre coastal plain, an area on Alaska’s North Slope suspected to contain vast reserves of oil and gas.

The designation would forever prevent exploration and production on the coastal plain, but Sen. Lisa Murkowski, R-Alaska, said the idea would be dead on arrival in the Republican-led Congress.

Murkowski and the rest of the state’s congressional delegation, along with Gov. Bill Walker, reacted strongly to the symbolism in the administration’s announcement. In a joint statement, they said the move -- and two other anticipated announcements involving offshore drilling in the Arctic and development in National Petroleum Reserve-Alaska -- amounted to “declaring war on Alaska’s future."

Murkowski, in a Sunday telephone interview from her home in Washington, D.C., called the administration’s moves a “trifecta” with a cumulative impact that could harm Alaska’s economy. Even though the wilderness bid will likely fail in Congress, it will reinvigorate an environmental cause that had slipped from the national consciousness, she said.

Since 1980, when the Arctic refuge was expanded from 9 million acres to 19 million acres by the Alaska National Interest Lands Conservation Act, there’s been a stalemate over the coastal plain. The 1980 law left the plain in limbo, with congressional action required to open it to development or seal it permanently.

Alaska’s congressional delegation and allies from oil-friendly states have spent decades trying to allow drilling. They’ve been opposed just as strongly by the allies of environmental groups. Democrats and Republicans could be found on either side of the issue over the years, though most of the partisans for opening the refuge have been Republican, while those seeking wilderness protection have mainly been Democrats.

Former Gov. Sean Parnell sued the Interior Department last year, seeking authority for state-run exploration of the coastal plain using three-dimensional seismic methods that avoid actual drilling but still have a physical impact. The Interior Department is fighting the lawsuit, saying the authority to explore the area for development expired in 1987.

[Tanada]

MD pointed out over on the Alaska Pipeline thread that the real problem with the pipeline is low flow rates.

That being the given nobody has mention ANWR in this political campaign in the USA that I am aware of. However rumor is that Republicans always want to drill ANWR and the Democrats are always opposed.

If HRC wins it is likely no drilling will be going on anytime soon, OTOH if Trump wins and the choice is between drilling ANWR and shutting down the TAPS then drilling will be leased ASAP to keep things working.

Anyone see any faults in this logic?

[PeakOiler]

$this->bbcode_second_pass_quote('Tanada', '[')color=#00BF00]MD[/color] pointed out over on the Alaska Pipeline thread that the real problem with the pipeline is low flow rates.

That being the given nobody has mention ANWR in this political campaign in the USA that I am aware of. However rumor is that Republicans always want to drill ANWR and the Democrats are always opposed.

If HRC wins it is likely no drilling will be going on anytime soon, OTOH if Trump wins and the choice is between drilling ANWR and shutting down the TAPS then drilling will be leased ASAP to keep things working.

Anyone see any faults in this logic?

[Tanada]

Will the TAPS still be functional in 2024 if they wait years to go forward with development, at least on a start up basis? I know the pipe can probably still handle lower flows than it has today, but just building the connection pipes to get new oil from new drilling to the first pumping station will take a year or three. On top of that someone has to get permission to drill, decide to drill on that lease and actually hit oil with that drill that is plentiful enough to be economically exploitable. All of those steps take time, and if all we keep doing is talk about it that time will always be 6-8 years in the future.

IMO as prices rise back up over the next two years it seems likely the USA fracking will get a second wind. That being said however the sweet spots are already being drilled pretty strongly even with low prices today so if oil is back at $80/bbl how much can we really expect from that second wind? While some people are eternal optimists and throw money at any prospect the realty is a lot of those low yield fracked wells were not making money in 2014, which we discussed endlessly around here before the price crash of 2015.

Add in the fact that a lot more people in China and India have cars in 2017-2018 than had cars in 2013-2014 and you have a world structural demand increase.

Saudi Arabia could still change their position at any time and decide higher prices are more important than market share, which could potentially double oil prices within a month or two. Or a new middle east war event could cause serious damage. This dust up between KSA and Yemen has been going on for a pretty fair while now. Wars are messy things, sometimes the enemy will destroy your vital industry as they are being defeated out of spite, like when Saddam ordered the Kuwaiti oil wells blown up in the first Gulf War. No doubt the KSA are doing their best to prevent such a thing, but sometimes the enemy gets lucky.

[Plantagenet]

Alaska Sen. Murkowski (R) will continue to chair the energy committee in the Senate, since the Rs retained the Senate.

Murkowski was just interviewed here in Alaska, and she predicts that the ban on oil leasing in ANWR will be repealed, since we now have an R president and R Senate and R Congress.

Opening up ANWR is a big deal here in Alaska, since the Prudhoe Bay oilfield is way past its peak and the state budget is in a tailspin.

If ANWR is opened up in 2017, then it will take years for oil development to occur there, but the oilco spending in Alaska that we are going to see soon will be very helpful to the Alaskan economy over the next few years until the oil from ANWR starts to flow.

cheers!


ANWR oil will be in the pipeline

[yellowcanoe]

$this->bbcode_second_pass_quote('Plantagenet', '
')Opening up ANWR is a big deal here in Alaska, since the Prudhoe Bay oilfield is way past its peak and the state budget is in a tailspin.

If ANWR is opened up in 2017, then it will take years for oil development to occur there, but the oilco spending in Alaska that we are going to see soon will be very helpful to the Alaskan economy over the next few years until the oil from ANWR starts to flow.

[Plantagenet]

$this->bbcode_second_pass_quote('yellowcanoe', '
')There is no guarantee that oil in commercial quantities will be found in ANWR.

[yellowcanoe]

$this->bbcode_second_pass_quote('Plantagenet', '
')The Ds have blocked oil leasing in ANWR since 1980.

[Plantagenet]

$this->bbcode_second_pass_quote('yellowcanoe', '')$this->bbcode_second_pass_quote('Plantagenet', '
')The Ds have blocked oil leasing in ANWR since 1980.

[Tanada]

From my POV doing it now while ecology protecting laws are still enforced is a far far better choice than waiting until we are far down the slope of Peak Oil and drilling fast and dirty to get the oil ASAP.

[yellowcanoe]

$this->bbcode_second_pass_quote('Tanada', 'F')rom my POV doing it now while ecology protecting laws are still enforced is a far far better choice than waiting until we are far down the slope of Peak Oil and drilling fast and dirty to get the oil ASAP.

[Plantagenet]

$this->bbcode_second_pass_quote('yellowcanoe', '')$this->bbcode_second_pass_quote('Tanada', 'F')rom my POV doing it now while ecology protecting laws are still enforced is a far far better choice than waiting until we are far down the slope of Peak Oil and drilling fast and dirty to get the oil ASAP.

[PeakOiler]

$this->bbcode_second_pass_quote('Plantagenet', 'A')laska Sen. Murkowski (R) will continue to chair the energy committee in the Senate, since the Rs retained the Senate.

Murkowski was just interviewed here in Alaska, and she predicts that the ban on oil leasing in ANWR will be repealed, since we now have an R president and R Senate and R Congress.

Opening up ANWR is a big deal here in Alaska, since the Prudhoe Bay oilfield is way past its peak and the state budget is in a tailspin.

If ANWR is opened up in 2017, then it will take years for oil development to occur there, but the oilco spending in Alaska that we are going to see soon will be very helpful to the Alaskan economy over the next few years until the oil from ANWR starts to flow.

cheers!


ANWR oil will be in the pipeline