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2016-12-21 Government
Obama bans offshore drilling in Arctic, Atlantic
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Posted by Besoeker 2016-12-21 00:00|| || Front Page|| [11125 views ]  Top

#1 One last petty action by the petulant man-child. So glad he will be gone soon.
Posted by Nguard 2016-12-21 02:52||   2016-12-21 02:52|| Front Page Top

#2 It will be rescinded.
Posted by Omomort Cheager7040 2016-12-21 05:22||   2016-12-21 05:22|| Front Page Top

#3 30 more days, 720 hours, 43200 minutes, 2592000 seconds.
Posted by g(r)omgoru 2016-12-21 05:57||   2016-12-21 05:57|| Front Page Top

#4 If it was soooooo important, why didn't he do it a long time ago? Petty isn't the half of it.
Posted by Deacon Blues 2016-12-21 07:22||   2016-12-21 07:22|| Front Page Top

#5 All it takes is an order to reverse it.

Irony is, drilling there isn't really needed at the moment with all the successful fracking going on.

Idiot man-child.
Posted by DarthVader 2016-12-21 07:50||   2016-12-21 07:50|| Front Page Top

#6 Unlike Congress, Trump never seem to be too worried about being called racist and then went ahead and acted as he needed to win.
Posted by Procopius2k 2016-12-21 07:59||   2016-12-21 07:59|| Front Page Top

#7 Supposedly under a 1953 law he can withdraw the leases and there is no way in the law to restore them. But the law, much like Obamacare it can simply be repealed
Posted by Silentbrick  2016-12-21 08:13||   2016-12-21 08:13|| Front Page Top

#8 ...or like Obama, ignored?
Posted by Procopius2k 2016-12-21 08:33||   2016-12-21 08:33|| Front Page Top

#9 Supposedly under a 1953 law he can withdraw the leases and there is no way in the law to restore them. But the law, much like Obamacare it can simply be repealed.

Or amended.
Posted by Flereth Jelet5728 2016-12-21 11:37||   2016-12-21 11:37|| Front Page Top

#10 I suspect Trump will also retaliate for things like this.
Posted by Silentbrick  2016-12-21 12:15||   2016-12-21 12:15|| Front Page Top

#11 #7 Supposedly under a 1953 law he can withdraw the leases and there is no way in the law to restore them. --Silentbrick
FOIA will be interesting on this if the new Trump administration keeps them from stonewalling.
Posted by magpie 2016-12-21 13:03||   2016-12-21 13:03|| Front Page Top

#12 Building on what Darth said, many are now speaking of 'peak demand' for oil (not peak supply, which has been totally debunked) hitting in the next 10-15 years due to the worldwide move to renewables, higher fuel mileage standards, etc. eroding the demand for fossil fuels. Faced with a future of overall lower oil prices, energy companies will only invest in wells that pay off in shorter timeframes at lower price levels. Arctic/deepwater drilling is very high cost and therefore a high risk at low oil prices. Fracking is less expensive than Arctic drilling, but requires a certain oil price to make sense. With oil prices rising again thanks to our friends at OPEC, fracking has cranked back up. There's ample evidence that oil companies see the writing on the wall with regard to 'peak demand', with some scrambling to secure options in 'easy' (low cost) oil fields in Qatar and/or nixing big Arctic projects altogether (TOTAL, French oil company).

Frankly, I'm rooting for peak demand, because oil drilling is a dirty business and I'd rather not see a Deepwater Horizon incident (I live in Pensacola, FL) in that pristine Arctic environment or anywhere else for that matter.
Posted by Whitch Turkeyneck3879 2016-12-21 13:17||   2016-12-21 13:17|| Front Page Top

#13 You've lost your leases. Here's your new leases.
Posted by Vast Right Wing Conspiracy 2016-12-21 13:24||   2016-12-21 13:24|| Front Page Top

#14 If you like your leases, you can keep your leases...
Posted by CrazyFool 2016-12-21 14:00||   2016-12-21 14:00|| Front Page Top

#15 I doubt anyone reading this will live long enough to see peak demand. In most of the world petroleum is primarily an industrial feedstock, not a motor fuel. There are more than enough un- and under-developed areas to take up the slack should the developed world successfully wean itself off liquid hydrocarbons utilized as motor fuels. If oil stays cheap for a long period of time global demand will explode.
Posted by Lionel Gonque2389 2016-12-21 14:40||   2016-12-21 14:40|| Front Page Top

22:28 Silentbrick
21:07 Frank G
21:04 JHH
20:48 Regular joe
20:48 Blossom Unains5562
20:38 European Conservative
20:31 Blossom Unains5562
20:22 Jack Salami
19:38 newc
19:02 SteveS
18:18 CrazyFool
18:14 BrerRabbit
17:51 Raj
17:43 Nimble Spemble
16:42 Dale
16:40 Dale
16:34 swksvolFF
16:24 DarthVader
16:19 Procopius2k
15:49 Deacon Blues
15:24 Frank G
15:21 trailing wife
15:18 Elmerert Hupens2660
15:18 trailing wife









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