@
jmdrake
That was the final nail in the coffin.
These bans included all federal offshore leases, which is where 90 percent of all offshore drilling occurs.
My line of work was in a very specialized segment of drilling and production in ultra deepwater projects.
Spending on these wells is calculated in decades of time and billions of dollars.
The Biden ban, while now subject to court challenges, threw enough cold water on a sector that was, frankly, already suffering from Trump's opposing mandates opening millions of acres of much cheaper onshore lands to drill on (I don't complain as much about these because they were good for the country and for me and my fellow citizens), that interest and investing in new ultra deepwater projects essentially dried up overnight.
No sane CEO at BP or Exxon or Shell is going to commit billions of dollars in a US deepwater project now, if the permits or process can be shut down by a POTUS hostile to your business, simply by the stroke of a pen, like this or the Keystone pipeline.
So, that was all it took to shut down my little corner of that world, combined with a medical issue I'm healing from, it pushed me into what can only be called "early retirement".
Maybe things will change in a year or two, but I'm not optimistic, and there are some other outfits that are hiring, hedging that oil prices will climb so high we'll have no choice but to get back to drilling, so maybe that will be an option on a personal level.
Marxists want this because that's what Marxist revolutionaries
do.
Idiot America wants it because they are so galactically
stupid, they really do think you run a nation's energy grid on Unicorn farts and rainbows.
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