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Democrat: "The border is secure" Biden: "I don't think it's secure"...After 6 million poured over he finally admits
9 Dec 2024 2:37 pm
Under the new policy, oil and gas companies will pay higher bonding rates to plug abandoned oil and gas wells as well as increased lease rents, minimum auction bids and royalty rates for the fuels they extract.Zeets2 » 09 Dec 2024, 2:22 pm » wrote: ↑ Once again, you proven you know NOTHING about how new fees and regulations forced on oil companies affect the retail price of gas and heating oil. Only a complete imbecile like yourself can possibly believe that Biden's actions on his first day in office didn't affect what oil companies now have to pay to pump and transport it to the retail locations. Apparently, you find it impossible to grasp the fact that they MUST PASS ON BIDEN'S FEES TO THE PRICE AT THE PUMP!
Since you're SO concerned about that "break even point", maybe you can explain how you believe that point DOES NOT CHANGE when the price the Fed charges the oil companies rise?
With each of your idiotic responses, you plunge into new depths of ignorance, which you seem quite proud of!
How is it that anyone as dumb as you has survived this long?
Now, go educate your stupid self to at least reach the point of any 9th grader who has taken Economics 101, because he's clearly far more intelligent than a moron like you!
Do you know who pays the cost of plugging abandoned wells when companies don't?
The Bipartisan Infrastructure Law directed the Secretary of the Interior to establish programs to inventory and properly close orphaned wells. The Law provides $4.7 billion for orphaned well site plugging, remediation and restoration activities on federal, Tribal, state and private lands.
These are lands owned by the PUBLIC...it is merely prudent stewardship to keep pricing within reach of private market pricing.increased lease rents, minimum auction bids and royalty rates
This is **** editing or terrible math.Oil and gas companies face at least a tenfold increase in costs to drill on federal lands under a Biden administration rule.
Do you have any idea what it costs to drill a modern horizontal well?