Perhaps, but oil companies are all being very conservative, having learned to be so after being spanked over the last few years.
There hasnât been any drilling in ANWR.
âMake the US energy independent, build Keystone XL.â 
Hereâs an idea. Letâs take a finite resource and extract it as fast as we can. What could go wrong?
Oh? Where has he blocked drilling? We havenât ever drilled in ANWR so this drilling you think occurred there under Trump is your imagination.
This is an interesting link:
Drilling in Alaska is nowhere near as attractive as it used to be because now we have cheaper alternatives in unconventional plays in the lower 48. Majors have been downsizing or even moving out of Alaska over the years due to the economics of Alaskan oil.
Breakeven point for oil from ANWR is probably around $80/bbl. Costs are high to extract in such challenging and remote conditions.
Meanwhile, breakeven for unconventional can get as low as $30/bbl. Even deepwater plays have gotten down below $30/bbl lately.
So if you are an oil company executive and have to decide where to invest your finite capital, would you invest in more unconventionals, more deepwater, or Alaskan oil?
Every time I see people cheer for ANWR I know they are ignorant of the economic realities. Until deepwater and unconventionals become more costly, ANWR will continue to be unattractive to most investors.
Even now, when people in the Administration are asked about why we still buy Russian oil, the responses invariably pivot to climate change.
Morons.
Excellent point of view.
Context is stopping. What is the success rate for drilling?
Donât need to incentivize. $110/bbl (and rising) is incentive enough.
Reverse Brandonâs executive orders that decommissioned rigs, and moved various areas off-limits, and suspended oil leases, etc. For starters. Rather than shutting off taps, we should be turning on every tap we can.
We were a net exporter by the end of Trumpâs term. Return to that, at a minimum.
It doesnât have to be an either-or proposition.
Crank up more wells now. Increase fossil fuel extraction while the nuke plants are getting built.
Well according to this chart we were a net exporter as of December 2021. Has that changed since December? I honestly donât know. Or is it already mission accomplished way to go Biden!
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=mttntus2&f=m
Thus enriching Russia for their war. Oil now is what? 114 dollars per barrel?
Yes they indeed are. What happens to the Russian economy if everyone else stops? What does Putin do then?
100% agree.
I m no expert donât claim to beâŚ
But something drastically changed in this country in or about January 20, 2021âŚ
Now weâve got Russians invading Ukraine and Chinese threatening TaiwanâŚ
America is paying for that Russian invasion.
Releasing 3 days worth of oil from the strategic oil reserves isnât a solution itâs a joke. Where is the outreach from this administration to create energy independence, the gathering of energy company execs to put them front and center to create the national movement to American energy independence, to make this country a net exporter?
Where is the recognition that all of the above, fossil fuels, renewables, nuclear, all play a roll in building an energy stable America that can sell to our friends and get out of bed with our enemies.
I despise Biden and his inept incompetent presidencyâŚbut if he would make that speech and mean it today Iâd be his biggest fan.
For the record, China threatened Taiwan constantly during the Trump administration. There is no change there. Russia has invaded Ukraine, and that is new, and now itâs paying the price for it because it thought the west would fold. Theyâre more united now than theyâve been in decades.
Not enough. The rate of drilling rigs hires has not increased. Not yet at least but current price may change that.
Southern CA rigs wonât add much production.
What areas were moved off limits?
As rig count rises we will get back there eventually. Trump didnât create the ânet exporterâ and neither will Biden.
As rig count rises we will get back there eventually. Trump didnât create the ânet exporterâ and neither will Biden.
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Are we not a net exporter currently? Unless something has changed since December we are.
We didnât all expect it to actually happen during the Trump administration. Libs made a big deal out of âheâll start WWIIIâ, right up until he didnât. Now we are closer to WWIII than everâŚNow it seems most see China invading Taiwan as a foregone conclusionâŚwhen America is strong this â â â â doesnât happen.
Trump wasnât the feckless incompetent weakling we have now pretending to be the president.
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