Not Logged In Log In   Sign Up   Points Leaders
Follow Us    9:51 PM

Message Forum - Read Message

Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Government shutdown may impact multibillion-dollar energy industry Back to Topics
hyeglenn

Champion Author
Fresno

Posts:3,211
Points:1,096,570
Joined:Apr 2011
Message Posted: Oct 12, 2013 1:15:00 AM

As the U.S. government shutdown heads into a second week, the oil and gas industry is taking notice.

Experts say projects from the Keystone XL pipeline to offshore drilling permits may feel the impact.

Upstreamonline, an online oil and gas trade publication, reported former Interior Secretary Ken Salazar said that although offshore drilling permitting continues, applications for offshore exploration and production has come to a halt.

Drilling in the Gulf of Mexico is significant for the energy industry in the U.S., Salazar told reporters in a Washington, D.C., conference call, adding, “It’s not the kind of rollback we ought to have.”

The offshore Gulf of Mexico production accounts for 23 percent of total U.S. crude oil production and 7 percent of total U.S. dry natural gas production,
Visit Houston Business Journal for full article
REPLIES (newest first) Post a Reply
Profile Pic
NedW
Champion Author Indianapolis

Posts:7,749
Points:1,605,515
Joined:Mar 2008
Message Posted: Oct 13, 2013 5:44:16 PM

Thank you for submitting this article, hyeglenn.
Profile Pic
jrs4125
Champion Author Indiana

Posts:4,765
Points:1,092,430
Joined:Sep 2011
Message Posted: Oct 13, 2013 7:25:43 AM

But who will pay the price?
Profile Pic
blossom9995
Rookie Author San Antonio

Posts:16
Points:875
Joined:Oct 2013
Message Posted: Oct 13, 2013 1:25:31 AM

It's all about money.
Profile Pic
bston
Champion Author Oklahoma City

Posts:4,101
Points:1,150,350
Joined:Mar 2011
Message Posted: Oct 13, 2013 1:24:38 AM

Awh; too bad.
Profile Pic
TXryder
Champion Author Texas

Posts:5,482
Points:932,725
Joined:Jan 2012
Message Posted: Oct 13, 2013 1:23:22 AM

There is plenty current oil/gas production in current process to cover it.
As for Keystone, looks like those Koch boys got the screws on this one. heh heh.
Profile Pic
BlueVanGroup
Champion Author Fort Collins

Posts:9,980
Points:2,029,010
Joined:May 2008
Message Posted: Oct 12, 2013 11:47:43 AM


This administration doesn't get the joy of denying federal permits?
Profile Pic
majormarket
Champion Author Houston

Posts:1,513
Points:1,173,170
Joined:May 2008
Message Posted: Oct 12, 2013 9:30:11 AM

I don't think that Big Oil is too worried - they are making plenty of money with the current projects.
Profile Pic
fish4fun2013
All-Star Author Pennsylvania

Posts:947
Points:72,190
Joined:Apr 2013
Message Posted: Oct 12, 2013 9:16:22 AM

Less government would be great. We don't need them
Profile Pic
merlinCO
Champion Author Colorado

Posts:3,960
Points:844,160
Joined:Mar 2012
Message Posted: Oct 12, 2013 9:13:02 AM

Cry babies keep getting paid to bicker and make them selves important.
Profile Pic
ostrichNV
Champion Author Nevada

Posts:1,955
Points:919,915
Joined:Feb 2011
Message Posted: Oct 12, 2013 9:03:52 AM

Yeah, the government shutdown is just going to 'impact' everything, isn't it?

NO!!! We badly need less government interference.
Profile Pic
mastermariner
Champion Author Texas

Posts:12,473
Points:984,160
Joined:Jun 2011
Message Posted: Oct 12, 2013 9:00:36 AM

Plenty of leases to drill, its some thing that can wait with no sweat
Profile Pic
skempton
Champion Author Vermont

Posts:3,363
Points:1,319,445
Joined:Apr 2010
Message Posted: Oct 12, 2013 8:55:36 AM

So there is going to be a shortage of gas and oil this winter.
Profile Pic
investmentdr
Champion Author Cleveland

Posts:5,929
Points:1,938,395
Joined:Sep 2008
Message Posted: Oct 12, 2013 8:49:07 AM

All of 15% of the govt is shut (and the other 85% hasn't worked right for years).
Profile Pic
Ltdc
Champion Author Long Island

Posts:9,339
Points:2,139,000
Joined:Jul 2007
Message Posted: Oct 12, 2013 8:38:35 AM

Among other things.
Profile Pic
jrschl
Champion Author Louisville

Posts:5,304
Points:1,191,090
Joined:Jun 2011
Message Posted: Oct 12, 2013 8:27:06 AM

May...
There are other industries affected more. Try buying a new home and getting financing for it.
Profile Pic
Nancy&Len
Champion Author Cleveland

Posts:4,201
Points:2,419,400
Joined:Sep 2004
Message Posted: Oct 12, 2013 8:20:06 AM

Obama wants you to feel the pain.
Profile Pic
Peachy1
Champion Author St. Louis

Posts:2,915
Points:2,147,825
Joined:Aug 2005
Message Posted: Oct 12, 2013 8:19:17 AM

The president said in his own words that he would not negotiate. So by not negotiating, yeah, it impacts everything! Hello??
Profile Pic
el_fr
Champion Author Massachusetts

Posts:5,676
Points:1,256,380
Joined:Apr 2011
Message Posted: Oct 12, 2013 8:18:04 AM

Let the government stay shut down longer
Profile Pic
Luckylindy
Champion Author Milwaukee

Posts:6,560
Points:1,607,720
Joined:May 2008
Message Posted: Oct 12, 2013 8:01:44 AM

Thats too bad.
Profile Pic
yardslave
Champion Author Oklahoma City

Posts:4,918
Points:1,106,320
Joined:Dec 2005
Message Posted: Oct 12, 2013 7:55:35 AM

It will hurt everyone....
Profile Pic
Evilmaddog
Champion Author British Columbia

Posts:5,660
Points:1,465,165
Joined:Aug 2010
Message Posted: Oct 12, 2013 7:55:13 AM

too much spending
Profile Pic
leeac
Champion Author Ohio

Posts:3,948
Points:943,340
Joined:Jan 2012
Message Posted: Oct 12, 2013 7:40:07 AM

Bonehead and the teabagger Republicans only care about trying to make the President look bad even if it hurts everyone else.
Profile Pic
pscamp
Champion Author Ottawa

Posts:6,477
Points:886,635
Joined:May 2011
Message Posted: Oct 12, 2013 7:23:46 AM

Really??
Profile Pic
JDchefF
Champion Author Lancaster

Posts:1,509
Points:332,895
Joined:Aug 2012
Message Posted: Oct 12, 2013 7:13:28 AM

Need to impeach or recall all of them and get in new people who have a clue (and some business and common sense) to run the country.
Profile Pic
Rockyguitar
Champion Author Tampa

Posts:4,832
Points:1,697,070
Joined:Sep 2008
Message Posted: Oct 12, 2013 7:08:58 AM

How does one "negotiate" with one who will NOT negotiate?
IMPEACH the liar-in-chief.
Profile Pic
VMIJim
Champion Author Alabama

Posts:2,723
Points:611,875
Joined:Jan 2013
Message Posted: Oct 12, 2013 7:04:24 AM

Oblamer & his liberal followers always have an excuse or someone to blame when they don't get their way. The Chicken Little approach to the govt shutdown & debt ceiling doesn't solve anything either.
Profile Pic
RockCity
Champion Author Denver

Posts:10,411
Points:1,929,890
Joined:Mar 2009
Message Posted: Oct 12, 2013 6:50:39 AM

They voted at least 40 times to get rid of affordable healthcare with the same expected results. Instead of being content to suppress voting rights and winning more seats in the senate, they decided to hijack the process and put the economic future of the world's economy in jeopardy. Of course they can afford to pay 10 bucks a throw for petrol, perhaps.
Profile Pic
scottyiam
Champion Author Reading

Posts:2,479
Points:580,930
Joined:Jan 2013
Message Posted: Oct 12, 2013 6:22:11 AM

Idiots
Profile Pic
dr047
Champion Author Cleveland

Posts:4,646
Points:966,315
Joined:Aug 2010
Message Posted: Oct 12, 2013 6:08:12 AM


Throw them all out!
Profile Pic
Hamish
Champion Author Ontario

Posts:23,329
Points:2,408,195
Joined:May 2003
Message Posted: Oct 12, 2013 6:05:01 AM

USA government = spoiled brats
Profile Pic
CarefulDriver
Champion Author Ann Arbor

Posts:2,683
Points:722,760
Joined:Aug 2012
Message Posted: Oct 12, 2013 5:59:46 AM

Unfortunately impacts lots of things.
Profile Pic
BIGOILEATURCRUD
Champion Author North Carolina

Posts:9,305
Points:1,888,985
Joined:Nov 2008
Message Posted: Oct 12, 2013 5:39:02 AM

it may
Profile Pic
humblepie
Champion Author Toledo

Posts:54,904
Points:2,882,515
Joined:Mar 2006
Message Posted: Oct 12, 2013 4:35:37 AM

and yet Obama continues on the campaign trail, un fazed by this all
Profile Pic
djgunrunner
Champion Author Salt Lake City

Posts:12,584
Points:2,852,260
Joined:Apr 2005
Message Posted: Oct 12, 2013 4:33:54 AM

Keystone to me is a non starter due to the fact that it will do nothing for the Average American but will do wonders for the Canadians shipping the crude and the refineries. How does that help you and me? The crude would come in the gas and diesel would go out to China.
Profile Pic
OHMS
Champion Author Orange County

Posts:16,215
Points:2,193,915
Joined:May 2005
Message Posted: Oct 12, 2013 4:14:00 AM

damn good dan
Profile Pic
danindenver
Champion Author Denver

Posts:7,375
Points:1,729,330
Joined:May 2005
Message Posted: Oct 12, 2013 3:52:38 AM

This is what happens when you make the government your parent, your provider, your caretaker, your god.

Perhaps Americans should consider being adults, for a change, and take responsibility for making things happen.

Profile Pic
BALRSTATUS
Champion Author Grand Rapids

Posts:1,192
Points:263,805
Joined:Feb 2013
Message Posted: Oct 12, 2013 3:34:52 AM

not good
Profile Pic
iFueler
Champion Author Durham

Posts:74,458
Points:685,075
Joined:Nov 2012
Message Posted: Oct 12, 2013 3:21:37 AM


     MANY industries are or will be affected the longer shutdown goes on

Profile Pic
whitebear1883
Champion Author Oakland

Posts:1,285
Points:545,405
Joined:Jul 2012
Message Posted: Oct 12, 2013 3:18:42 AM

This is the first effect of the shut down that I'm not sad about.
Profile Pic
mwg6275
Champion Author Miami

Posts:1,972
Points:970,030
Joined:Aug 2005
Message Posted: Oct 12, 2013 3:16:42 AM

They should go ahead and build the pipeline while they aren't working. There is no one to stop it right now.
Profile Pic
eyegotgas2
Champion Author British Columbia

Posts:3,718
Points:759,005
Joined:Sep 2011
Message Posted: Oct 12, 2013 3:11:04 AM

Drilling for oil in the ocean seems to just ask for environmental disasters. Even if it is completely safe it is like nuclear energy, you only need one accident to create massive damage.
Profile Pic
MidNJ
Champion Author New Jersey

Posts:9,373
Points:1,624,820
Joined:Sep 2009
Message Posted: Oct 12, 2013 3:08:04 AM

"If our politicians were doing their jobs, we would never have had a shutdown."

================

Personally I love what the discourse that the Tea Party is creating.

Don't you?
Profile Pic
johnpuh
Champion Author Ohio

Posts:2,004
Points:669,900
Joined:Sep 2012
Message Posted: Oct 12, 2013 3:04:02 AM

More crying by a multibillion dollar industry. Give me a break.
Profile Pic
OTISFL
Champion Author Pensacola

Posts:5,993
Points:1,160,510
Joined:Apr 2009
Message Posted: Oct 12, 2013 2:49:36 AM

If our politicians were doing their jobs, we would never have had a shutdown.
Profile Pic
fuelnjktr
Sophomore Author Arizona

Posts:157
Points:61,065
Joined:Sep 2013
Message Posted: Oct 12, 2013 2:37:20 AM

Yep, all politics...get them all out of office
Profile Pic
RNCII
Champion Author Michigan

Posts:3,933
Points:1,087,405
Joined:Jun 2011
Message Posted: Oct 12, 2013 2:17:17 AM

Right on 2b0b your right on the money.
Profile Pic
2b0b
Champion Author Tulsa

Posts:2,177
Points:663,425
Joined:Sep 2012
Message Posted: Oct 12, 2013 2:14:57 AM

I seem to recall a drilling moratorium in the Gulf for about 2 years after the BP spill. It appears that the drilling recovered quickly.

Now sombody is crying Wolf less than 2 weeks into the shutdown....Remind me again in 2014 before the polls open. Thats about 13 months from now.
Profile Pic
pricewar
Champion Author Ogden

Posts:4,321
Points:784,755
Joined:Jul 2012
Message Posted: Oct 12, 2013 2:12:00 AM

Since you mentioned it. John boy toy bonner is an idiot
Profile Pic
MikeCapeCoral
Champion Author Cape Coral

Posts:4,616
Points:929,290
Joined:Feb 2012
Message Posted: Oct 12, 2013 2:05:19 AM

This is news?
Profile Pic
JerryJoeUC
Champion Author San Antonio

Posts:2,237
Points:677,585
Joined:Sep 2012
Message Posted: Oct 12, 2013 1:55:57 AM

Well duh.
Post a reply Back to Topics