Gas prices

[Ogre]

Get an open back Arcimoto and a liftback rack but mount the bikes in line with the Arcimoto with tires in the cage and then down over where the license plate is, using the rack to have something to hold their weight until they're strapped down.

This could be updated with thin tubing welded later. There's alot of small-operator fabs in Eugene.

-Crissa

If I could get my wife to buy in on using it to go to work this would be easy. Arcimoto city scooter, Tesla bike hauler. Then when the Cybertruck finally comes home I would just sell the Model Y to have a big down on it and keep the Arcimoto.

Sponsored

 

[Crissa]

If I could get my wife to buy in on using it to go to work this would be easy. Arcimoto city scooter, Tesla bike hauler. Then when the Cybertruck finally comes home I would just sell the Model Y to have a big down on it and keep the Arcimoto.

Yeah, my spouse is wedded to her Ducati for now. She also says we must have a 3+ seater in our fleet so... Alas, the Arcimoto doesn't quite fit. It might replace my bike but I really really like lane-splitting.

-Crissa

 

[Ogre]

Yeah, my spouse is wedded to her Ducati for now. She also says we must have a 3+ seater in our fleet so... Alas, the Arcimoto doesn't quite fit. It might replace my bike but I really really like lane-splitting.

Makes me think of the song “My Girlfriend’s Boyfriend isn’t me…”

In your case… it’s the Ducati.

 

[TyPope]

Open up what drilling, how?

The time between starting an oil lease and actually extracting oil is about ten years. But... Oil companies are who do the drilling, and they're sitting on thousand of oil leases representing millions of acres.

They're whining that their loans got expensive and they weren't getting the right kickbacks while they made profits in 2921 higher than the difference between the losses in 2020 and the profits in 2019. They made it all back and then some.

-Crissa

I read there are 1,900 approved drill permits currently that are not being used...

 

[happy intruder]

Yeah, my spouse is wedded to her Ducati for now. She also says we must have a 3+ seater in our fleet so... Alas, the Arcimoto doesn't quite fit. It might replace my bike but I really really like lane-splitting.

-Crissa

holy crap......I just filled up my BMW r1200gs lc and it cost me $34.30!.....I used to think riding the bike was a cheap mode of transportation.....not so sure now.....I go camping 2 times a month and we go to all parts of SoCal, Mexico and up North to Redding and over to Fall River Mills......ouch.....will have to cut back on the dinner fund and take bread, beanie weenies and water

 

[firsttruck]

I read there are 1,900 approved drill permits currently that are not being used...

No, not 1,900. NINE THOUSAND ( 9,000 ).

Bloomberg did an analysis that exposes the real reasons for the hoarding of leases is gaming the system:

1. Being able to pollute without paying real costs ( Texas is lax in enforcement & monitoring vs New Mexico).

2. Waiting until prices spike so to significantly increase Windfall profits.

3. Blame others. Claim to be so afraid of Biden admin slowdown even though industry hoarded huge number of leases under Trump admin even as Trump admin gave them pretty much everything they wanted.

This is not new. The industry is gaming the system all the time to the detriment of taxpayers & society. Gaming the system like Enron & other power companies did that caused huge price spikes, loss of taxpayer money, and even deaths.


Shale Giants EOG, Devon Hold Most Untapped U.S. Drilling Permits
By Gerson Freitas Jr and Sergio Chapa, Bloomberg News
Mar 8, 2022
https://www.bnnbloomberg.ca/shale-giants-eog-devon-hold-most-untapped-u-s-drilling-permits-1.1734433

.....
(Bloomberg) -- Shale giants EOG Resources Inc. and Devon Energy Corp. are sitting on thousands of federal drilling permits, many of which could be used to produce oil from the prolific Permian basin as a U.S. ban on Russian oil increases demand for other crude.

Shale giants EOG Resources Inc. and Devon Energy Corp. hold more permits than other company, according to a Bloomberg analysis of federal onshore permitting data,

** but neither plans to grow production beyond 5% even as U.S. oil futures top $120 a barrel **

and global markets face historic disruptions. That dissonance is at the center of tension between the U.S. shale industry — which argues it needs long-term government support before it can sustainably raise production — and the Biden administration — which says oil companies should use up the more-than 9,000 drilling permits they already have before asking for further concessions.

.....
There are barriers to ramping up output in Lea and Eddy counties. Oil produced on that side of the Permian tends to generate higher quantities of associated natural gas and water, which are more costly to dispose of in New Mexico, where air and water regulations are stricter than in Texas.

Publicly-traded oil and gas companies are also trying to limit production growth and return more cash to shareholders through dividends and buybacks after a decade of overspending burned investors. Oil CEOs have in recent weeks made clear that they want a nod from Biden before accelerating production, in part to give them cover with shareholders.

“The energy industry doesn't have a permitting problem,” said Aaron Weiss, a deputy director at the Center for Western Priorities, which is conducting its own analysis of federal drilling permits. “It has a financing problem.”


------------------------

EOG, Devon hold thousands of untapped oil drilling permits - Bloomberg ETEOG Resources, Inc. (EOG), DVNOXY
By: Carl Surran, SA News Editor
Mar. 08, 2022
https://seekingalpha.com/news/38109...ds-of-untapped-oil-drilling-permits-bloomberg

.....
EOG Resources (NYSE:EOG) and Devon Energy (NYSEVN) are sitting on thousands of federal onshore drilling permits, more than any other companies, according to a Bloomberg analysis, although neither plans to increase production by more than 5% even as U.S. oil futures exceed $120/bbl.

Bloomberg's review of federal drilling permits shows that half of unused onshore permits are for acreage in New Mexico's Lea and Eddy counties, part of the Permian Basin that is responsible for most of U.S. oil production, and EOG held the most permits there, followed by Devon and Occidental Petroleum (NYSE:OXY).

.....
President Biden criticized oil companies as he announced the U.S. ban on Russian oil imports in response to the invasion of Ukraine, saying U.S. producers "have 9,000 permits to drill now... they can be drilling right now."

Oil companies may feel it is safer to hold onto drilling permits now in case Biden, who campaigned on pledges to combat climate change and limit new oil and gas permitting on public lands and waters, clamps down on drilling later.


------------------------

Aug 10, 2021
Despite oil industry howling, companies are awash in public lands drilling permits New data shows oil companies have nearly 10,000 approved, but unused, permits.



------------------------

April 22, 2020 (During Trump admin)
New GAO Report Shows Oil and Gas Industry Sitting on Almost 10,000 Unused Drilling Permits, Undermining Push for New Favors From Trump Washington, D.C. – A new Government Accountability Office (GAO) report requested by Chair Raúl M. Grijalva (D-Ariz.) and Rep. Alan Lowenthal (D-Calif.) finds that oil and gas companies were sitting on 9,950 unused permits to drill as of the end of fiscal year 2019. The report finds that the Trump administration’s “energy dominance” push to grant the industry more permits – even those that drilling corporations have no intention of using in the near future – has paralyzed the Bureau of Land Management’s (BLM) ability to carry out other parts of its mission.
https://naturalresources.house.gov/...ts-undermining-push-for-new-favors-from-trump

------------------------

July 7, 2017 (During Trump admin)
Interior Secretary Ryan Zinke orders faster approval of oil and gas drilling on federal lands Public lands • While Trump sees boost to “American energy dominance,” critics say industry has thousands of unused leases and drilling permits.
By Brian Maffly of Salt Lake Tribune
https://www.sltrib.com/news/environ...val-of-oil-and-gas-drilling-on-federal-lands/

.....
As of September 2015, the extractive industry was sitting on more than 7,500 APDs ( leases ) nationwide, according to data from U.S. Bureau of Land Management.


------------------------

 

[tkal]

I don't know if anyone has asked how many of these permits can be used profitably, so I am asking it. I could get a permit to build a 10 million dollar house without having a penny to build it. If local dept didn't care about safety they would issue the permit for an unbuildable lot or worse, provided you paid them. So don't be too quick to cast shade.

 

[John K]

If efficiency is the only goal have I got the car for you!

Aptera will be even more efficient and have more creature comforts but the Arcimoto is for sale now and cheaper.

It’s a tandem 2 seater, it would be more tempting if I could figure out how to attach a bike rack to it.

Just instal pedals and voila! Instant bike and extended range

 

[Crissa]

You don't get a drilling permit if you didn't find oil. You stop paying for the lease.

-Crissa

 

[TyPope]

No, not 1,900. NINE THOUSAND ( 9,000 ).

Bloomberg did an analysis that exposes the real reasons for the hoarding of leases is gaming the system:

1. Being able to pollute without paying real costs ( Texas is lax in enforcement & monitoring vs New Mexico).

2. Waiting until prices spike so to significantly increase Windfall profits.

3. Blame others. Claim to be so afraid of Biden admin slowdown even though industry hoarded huge number of leases under Trump admin even as Trump admin gave them pretty much everything they wanted.

This is not new. The industry is gaming the system all the time to the detriment of taxpayers & society. Gaming the system like Enron & other power companies did that caused huge price spikes, loss of taxpayer money, and even deaths.


Shale Giants EOG, Devon Hold Most Untapped U.S. Drilling Permits
By Gerson Freitas Jr and Sergio Chapa, Bloomberg News
Mar 8, 2022
https://www.bnnbloomberg.ca/shale-giants-eog-devon-hold-most-untapped-u-s-drilling-permits-1.1734433

.....
(Bloomberg) -- Shale giants EOG Resources Inc. and Devon Energy Corp. are sitting on thousands of federal drilling permits, many of which could be used to produce oil from the prolific Permian basin as a U.S. ban on Russian oil increases demand for other crude.

Shale giants EOG Resources Inc. and Devon Energy Corp. hold more permits than other company, according to a Bloomberg analysis of federal onshore permitting data,

** but neither plans to grow production beyond 5% even as U.S. oil futures top $120 a barrel **

and global markets face historic disruptions. That dissonance is at the center of tension between the U.S. shale industry — which argues it needs long-term government support before it can sustainably raise production — and the Biden administration — which says oil companies should use up the more-than 9,000 drilling permits they already have before asking for further concessions.

.....
There are barriers to ramping up output in Lea and Eddy counties. Oil produced on that side of the Permian tends to generate higher quantities of associated natural gas and water, which are more costly to dispose of in New Mexico, where air and water regulations are stricter than in Texas.

Publicly-traded oil and gas companies are also trying to limit production growth and return more cash to shareholders through dividends and buybacks after a decade of overspending burned investors. Oil CEOs have in recent weeks made clear that they want a nod from Biden before accelerating production, in part to give them cover with shareholders.

“The energy industry doesn't have a permitting problem,” said Aaron Weiss, a deputy director at the Center for Western Priorities, which is conducting its own analysis of federal drilling permits. “It has a financing problem.”


------------------------

EOG, Devon hold thousands of untapped oil drilling permits - Bloomberg ETEOG Resources, Inc. (EOG), DVNOXY
By: Carl Surran, SA News Editor
Mar. 08, 2022
https://seekingalpha.com/news/38109...ds-of-untapped-oil-drilling-permits-bloomberg

.....
EOG Resources (NYSE:EOG) and Devon Energy (NYSEVN) are sitting on thousands of federal onshore drilling permits, more than any other companies, according to a Bloomberg analysis, although neither plans to increase production by more than 5% even as U.S. oil futures exceed $120/bbl.

Bloomberg's review of federal drilling permits shows that half of unused onshore permits are for acreage in New Mexico's Lea and Eddy counties, part of the Permian Basin that is responsible for most of U.S. oil production, and EOG held the most permits there, followed by Devon and Occidental Petroleum (NYSE:OXY).

.....
President Biden criticized oil companies as he announced the U.S. ban on Russian oil imports in response to the invasion of Ukraine, saying U.S. producers "have 9,000 permits to drill now... they can be drilling right now."

Oil companies may feel it is safer to hold onto drilling permits now in case Biden, who campaigned on pledges to combat climate change and limit new oil and gas permitting on public lands and waters, clamps down on drilling later.


------------------------

Aug 10, 2021
Despite oil industry howling, companies are awash in public lands drilling permits New data shows oil companies have nearly 10,000 approved, but unused, permits.



------------------------

April 22, 2020 (During Trump admin)
New GAO Report Shows Oil and Gas Industry Sitting on Almost 10,000 Unused Drilling Permits, Undermining Push for New Favors From Trump Washington, D.C. – A new Government Accountability Office (GAO) report requested by Chair Raúl M. Grijalva (D-Ariz.) and Rep. Alan Lowenthal (D-Calif.) finds that oil and gas companies were sitting on 9,950 unused permits to drill as of the end of fiscal year 2019. The report finds that the Trump administration’s “energy dominance” push to grant the industry more permits – even those that drilling corporations have no intention of using in the near future – has paralyzed the Bureau of Land Management’s (BLM) ability to carry out other parts of its mission.
https://naturalresources.house.gov/...ts-undermining-push-for-new-favors-from-trump

------------------------

July 7, 2017 (During Trump admin)
Interior Secretary Ryan Zinke orders faster approval of oil and gas drilling on federal lands Public lands • While Trump sees boost to “American energy dominance,” critics say industry has thousands of unused leases and drilling permits.
By Brian Maffly of Salt Lake Tribune
https://www.sltrib.com/news/environ...val-of-oil-and-gas-drilling-on-federal-lands/

.....
As of September 2015, the extractive industry was sitting on more than 7,500 APDs ( leases ) nationwide, according to data from U.S. Bureau of Land Management.


------------------------

Thanks. I did t realize it was so many and must have misremembered the number. My point, which I think you agree with, is that oil permits are plentiful and blaming the current administration for long-term problems (while an apparent national pastime through many, many years) rarely makes sense. Now, in 20 years when there's a train wreck hauling oil from Canada... We'll all lament the lack of a good pipeline... But, that pipeline won't increase the amount of oil we can refine, it'll just get it there in a different, less efficient, way.

Cool research. Thanks!

 

[firsttruck]

....
Now, in 20 years when there's a train wreck hauling oil from Canada... We'll all lament the lack of a good pipeline... But, that pipeline won't increase the amount of oil we can refine, it'll just get it there in a different, less efficient, way.

Oh, are you talking about pipelines in the real world that leak millions of barrels and get worse as they age or are you talking like economists "assume all economic actors are rational" or physicists "assume spherical cow"?

Why should 30 percent of America’s irrigation water be imperiled when we have other much cleaner & sustainable ways of providing energy.

Maybe instead we should dramatically reduce use of fossil fuels so we have both fewer train fuel cars, fewer pipelines, ocean fossil fuel carrying tankers (ie. Exxon Valdez, Amoco Cadiz, ABT Summer), and fewer offshore drilling disasters (ie. 2010 Gulf Mexico Deepwater Horizon spilled estimated 189 million gallons of crude oil, 1979-1980 Gulf Mexico Ixtoc spill of hundred million, 2004- present Gulf Mexico Taylor of 1.4 million US gallons + still leaking).

Here yesterday in Mexico it was nice day to be outside because of the immense sunlight spillage that occurred. Only complaint was we need many more spillage collectors ( solar panels & LFP batteries ) so we can save more for later.


------------------

Just one little standard pipeline, more than 10 million gallons of oil spilled over several decades.
The Line 3 pipeline from Hardisty, Alberta to Superior, Wisconsin was built by the Lakehead Pipeline Company (now Enbridge) in the 1960s. The 34" wide, 1,031-mile pipeline transports crude oil. The pipeline was not tested for flaws in its entirety until after 1976. From the 1970s until the 2020s, the Line 3 pipeline suffered more than 26 leaks and was the source of 18 "large oil spills" resulting in total of more than 10 million gallons of oil spilled.
https://en.wikipedia.org/wiki/Line_3_oil_spill

------------------

There’s No Such Thing As a Spill-Proof Way to Transport Oil
By Christopher F. Jones / Zocalo Public Square
June 12, 2015
https://time.com/3918102/pipeline-oil-spill-history/

.....
How, then, should we think about pipeline spills? One option is to consider reverting to shipping oil by railroad. As it turns out, such an experiment is underway. The shale oil boom in places such as North Dakota has recently generated large increases in petroleum production at sites with little pipeline infrastructure. Much of this oil is traveling by railroad, and the environmental consequences have been mixed. Several high-profile derailments and explosions have demonstrated that railroads—particularly those operating on old tracks—create similar risks as pipelines. Accidents are more common on railroads than pipelines, though the average quantity of oil lost is much higher in pipeline incidents than on railroads. Neither system is perfect.


------------------

Trans-Alaska's safety record: 18 oil spills in 20 years. Now with warming of Arctic things will get worse. Trouble in Alaska? Massive oil pipeline is threatened by thawing permafrost
By David Hasemyer, Inside Climate News
July 11, 2021
https://www.nbcnews.com/news/us-new...peline-threatened-thawing-permafrost-n1273589

.....
Trans-Alaska’s safety record: 18 oil spills in 20 years As the melting permafrost threatens pipeline supports and raises the potential of an oil spill, Alyeska says in its emergency response plans that cleaning up a spill could accelerate the thawing. Alyeska’s plan to chill the permafrost with additional thermosyphons in the face of global warming, as Alaska heats up twice as fast as the global average, underscores an obvious irony: The oil industry must act to keep the permafrost frozen to maintain an infrastructure that allows it to extract more of the fossil fuels that cause the warming. There have been 18 breaches of the Trans-Alaska Pipeline in the last 20 years, according to data from the Pipeline Hazardous Material Safety Administration (PHMSA). Spills have ranged from less than one barrel to 6,800 barrels. In all, the pipeline has spilled 9,784 barrels of oil, resulting in $52.7 million in damages and costs, according to the PHMSA records.

Causes of the spills include breaks in corroded pipe to equipment failure and operator error. None of the spills recorded by PHMSA were attributed to permafrost thaw. The extent of ecological damage from another spill would depend on the amount of oil spilled, how deep it saturated the soil and whether the plume reached water sources. But any harm from an oil spill would likely be greater than in most other landscapes because of the fragile nature of the Alaskan land and water. “A massive oil spill would be impossible to clean up in the Alaskan environment,” said Kristen Monsell, a senior attorney for the Center for Biological Diversity, a nonprofit organization focused on protecting wild animals and plants.

------------------

What Is the Keystone XL Pipeline? How a single pipeline project became the epicenter of an enormous environmental, public health, and civil rights battle.
By Melissa Denchak Courtney Lindwall
March 15, 2022
https://www.nrdc.org/stories/what-keystone-pipeline

.....
Keystone XL Pipeline Environmental - Impact Leaks and the pipeline
Tar sands oil is thicker, more acidic, and more corrosive than lighter conventional crude, and this ups the likelihood that a pipeline carrying it will leak. Indeed, one study found that between 2007 and 2010, pipelines moving tar sands oil in Midwestern states spilled three times more per mile than the U.S. national average for pipelines carrying conventional crude. Since it first went into operation in 2010, TC Energy’s original Keystone Pipeline System has leaked more than a dozen times; one incident in North Dakota sent a 60-foot, 21,000-gallon geyser of tar sands oil spewing into the air. Less than two years before the project was finally pulled, the Keystone tar sands pipeline was temporarily shut down after a spill in North Dakota of reportedly more than 378,000 gallons in late October 2019. And the risk that Keystone XL would have spilled was heightened because of the extended time the pipe segments were left sitting outside in stockpiles. “A study published in early 2020, co-authored by TC Energy’s own scientists, found that the anti-corrosion coating on the project’s pipes was damaged from being stored outside and exposed to the elements for the last decade,” notes NRDC senior attorney Jaclyn Prange, who spent years working on KXL litigation.

Complicating matters, leaks can be difficult to detect. And when tar sands oil does spill, it’s more difficult to clean up than conventional crude because it immediately sinks to the bottom of the waterway. People and wildlife coming into contact with tar sands oil are exposed to toxic chemicals, and rivers and wetland environments are at particular risk from a spill. (For evidence, note the 2010 tar sands oil spill in Kalamazoo River, Michigan, a disaster that cost Enbridge more than a billion dollars in cleanup fees and took six years to settle in court.) Keystone XL would have crossed agriculturally important and environmentally sensitive areas, including hundreds of rivers, streams, aquifers, and water bodies. One was Nebraska’s Ogallala Aquifer, which provides drinking water for millions as well as 30 percent of America’s irrigation water. A spill would have been devastating to the farms, ranches, and communities that depend on these crucial ecosystems. Even worse, building Keystone XL would have meant enduring those risks just to send the fuel to our overseas rivals—and the profits to Big Oil.

------------------

Kalamazoo River Disaster In 2010, a tar sands pipeline owned and operated by Enbridge, Inc, ruptured near Marshall, Michigan, spilling over one million gallons of oil into a tributary of the Kalamazoo River.
https://www.sierraclub.org/michigan/kalamazoo-river-disaster

------------------

List of oil spills From Wikipedia, the free encyclopedia Jump to navigation Jump to search This is a reverse-chronological list of oil spills that have occurred throughout the world and spill(s) that are currently ongoing.
https://en.wikipedia.org/wiki/List_of_oil_spills

Oil spills in the United States This graphic is limited to oil spills that occurred between 1969 and 2015 (graphic has not been updated for newer spills) and that affected US waters (land-based spills are not depicted).
https://en.wikipedia.org/wiki/List_of_oil_spills#Oil_spills_in_the_United_States

List of pipeline accidents in the United States
https://en.wikipedia.org/wiki/List_of_pipeline_accidents_in_the_United_States


------------------

 

[Crissa]

Footnote, the Keystone XL pipeline was meant for global exports, so it would have raised US prices. They admitted as much in their own impact filings.

https://priceofoil.org/2012/05/22/keystone-xl-gas-price-myth-busted/

-Crissa

 

[TyPope]

My point was the Keystone XL pipeline would not raise oil availability (if it would have been done by now... which it wouldn't have been), it would just change the way it gets to market. If you step back and look at the oil market as a whole, it doesn't matter where oil goes or comes from. The only good metric is the amount of consumption. It's a closed loop. They produce what is purchased. Nothing more, nothing less.

If the US were to turn off oil from Russia, Russia will just sell it to the person whose oil we bought. Oh, we are buying from Iran instead? China will have to replace the Iran oil that they are no longer getting (because we bought it) with oil from Russia. So, it doesn't matter unless EVERY customer boycotts Russia (or so many big customers do that there aren't enough small ones to make up the loss)

Sorry so long. I'm Geo-bacheloring a year for school and had to take my F150... Missing our Model Y. Luckily, I'm staying really close to campus so my driving is minimal (6 miles a day maybe)

When I got selected for this school, it looked like I might get my CT while here. Nope. Not even close.?

 

[Crissa]

Well, Iran is under-producing, supposedly, just like the US, but for a different reason.

-Crissa

 

[JBee]

My point was the Keystone XL pipeline would not raise oil availability (if it would have been done by now... which it wouldn't have been), it would just change the way it gets to market. If you step back and look at the oil market as a whole, it doesn't matter where oil goes or comes from. The only good metric is the amount of consumption. It's a closed loop. They produce what is purchased. Nothing more, nothing less.

If the US were to turn off oil from Russia, Russia will just sell it to the person whose oil we bought. Oh, we are buying from Iran instead? China will have to replace the Iran oil that they are no longer getting (because we bought it) with oil from Russia. So, it doesn't matter unless EVERY customer boycotts Russia (or so many big customers do that there aren't enough small ones to make up the loss)

Sorry so long. I'm Geo-bacheloring a year for school and had to take my F150... Missing our Model Y. Luckily, I'm staying really close to campus so my driving is minimal (6 miles a day maybe)

When I got selected for this school, it looked like I might get my CT while here. Nope. Not even close.?

Exactly. Good to see someone else say how it is with oil production. There is no oil shortage, just a money grab and profit restructure as countries renegotiate terms.

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