Shipping Tractors

[jyoutz]

Are you currently getting it?

Nope. Stocks are in the toilet.

 

[jyoutz]

Its not politics
Its policies

Ok, most oil is on state and private lands, regulated by state policy, not federal.

 

[jyoutz]

I keep hearing that their oil companies have 9000 leases they are not drilling on.
I also hear the term "permits" and I assume once leases are granted you don't need any more "permits" so..... why aren't the companies drilling?
Could it be... permits held up by GOVERNMENT is the hold up?
Could it be "permits" ARE needed?
Could that be why people think Biden & the Dem's. could speed things along IF they wanted to?

That’s not how it works on federal land. Leases are offered and sold by the government. These leases last for decades. Clean water permits are issued by state regulatory agencies, not the federal government. Once a lease has been issued on federal lands, the activities have been authorized until the lease expiration date. The clean water act permits do originate from the clean water act adopted by the Nixon administration, but states are the enforcement agency.

 

[Gee Ray]

I do not believe that a lease from the feds is all that you need. There are "frost laws" that restrict the movement of equipment on public roads to certain time of the year. There are restrictions on the water usage and oil wells require a lot of water. Then there are collection problems to consider. How do you get the oil to market? Miles of pipelines to collect the oil, pumps to install. All this requires large amounts of money.

You can not invest millions of dollars on new wells when the current administration has stated they want to do away with fossil fuels.

There is no quick fix to this problem. Uncle Sam is going to make firm commitments to allow for the oil/gas production to be protected from further restrictions from Executive Orders.

 

[LD48750]

That’s not how it works on federal land. Leases are offered and sold by the government. These leases last for decades. Clean water permits are issued by state regulatory agencies, not the federal government. Once a lease has been issued on federal lands, the activities have been authorized until the lease expiration date. The clean water act permits do originate from the clean water act adopted by the Nixon administration, but states are the enforcement agency.

So.... feds pass clean water regs.
States enforce them.
Feds can't change them because the states won't let the feds make the rules?
But the feds made the rules in the first place so it's the states fault??
I think I'm cornfuzed.........

 

[jyoutz]

So.... feds pass clean water regs.
States enforce them.
Feds can't change them because the states won't let the feds make the rules?
But the feds made the rules in the first place so it's the states fault??
I think I'm cornfuzed.........

Clean water regulations have been with us since the 1970s and stars have been enforcing them since then. Oil companies and everyone else that are regulated under those permits are getting the permits as SOP and it has no effect on stopping operations. States have lists of “best management practices” for different activities and the industry is used to compliance. Permits are issued and operations continue. We deal with those in the forestry industry also. Clean water is a good idea.

 

[Hay Dude]

And the Transportation Secretary's policy to negate is to buy electric vehicles. I am searching now for E tractors and long haulers but coming up empty so far. I will be back to update when I find it.

Inflation is also fueled by transfer payments from the government directly to workers employed in lower paying jobs last 2 years
This created a worker shortage, but demand for goods stayed high because those unemployed workers still had money to spend.
High demand, but low supply increases prices = inflation.
Now add money printing which means more dollars chasing fewer goods = severe inflation.

GDP levels are bad and full employment is STILL below pre ’20 levels.
Diesel fuel rose 38% in 2021-nothing to do with Russia/Ukraine

 

[LD48750]

Clean water regulations have been with us since the 1970s and stars have been enforcing them since then. Oil companies and everyone else that are regulated under those permits are getting the permits as SOP and it has no effect on stopping operations. States have lists of “best management practices” for different activities and the industry is used to compliance. Permits are issued and operations continue. We deal with those in the forestry industry also. Clean water is a good idea.

Yup...
And the higher gas prices & all of inflation is because Putin invaded Ukraine.
Just like Biden said.

 

[Hay Dude]

Yup...
And the higher gas prices & all of inflation is because Putin invaded Ukraine.
Just like Biden said.

Yeah…..let’s just ignore the 38% increase in ‘21.

 

[jyoutz]

Inflation is also fueled by transfer payments from the government directly to workers employed in lower paying jobs in ‘20-‘21.
This created a worker shortage, but demand for goods stayed high because those unemployed workers still had money to spend.
High demand, but low supply increases prices = inflation.
Now add money printing which means more dollars chasing fewer goods = severe inflation.

GDP levels are bad and full employment is STILL below pre ’20 levels.
Diesel fuel rose 38% in 2021-nothing to do with Russia/Ukraine

All true. Diesel prices rose in 2021 and production also rose. Then the oilfield worker shortages also resulted in higher wages to attract employees and higher costs along with inflation in general. It is easy to see why a lot of people who were laid off by the industry in 2020 don’t want to return to that work. Take a drive through west Texas and eastern New Mexico oil country and see the work camps: rows of wooden sheds with barbecue grills by the front door and rows of plastic porta potties. It’s a young single guy’s job that most people only want to do for a few years, except for those who rise to supervisory and management positions.