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Author Topic: Government shutdown may impact multibillion-dollar energy industry Back to Topics
hyeglenn
Champion Author
Fresno

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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
NedW
Champion Author Indianapolis

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Message Posted: Oct 13, 2013 5:44:16 PM

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

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Message Posted: Oct 13, 2013 7:25:43 AM

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

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Message Posted: Oct 13, 2013 1:25:31 AM

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

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Message Posted: Oct 13, 2013 1:24:38 AM

Awh; too bad.
TXryder
Champion Author Texas

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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.
BlueVanGroup
Champion Author Fort Collins

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Message Posted: Oct 12, 2013 11:47:43 AM


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

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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.
fish4fun2013
All-Star Author Pennsylvania

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Message Posted: Oct 12, 2013 9:16:22 AM

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

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Message Posted: Oct 12, 2013 9:13:02 AM

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

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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.
mastermariner
Champion Author Texas

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Message Posted: Oct 12, 2013 9:00:36 AM

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

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Message Posted: Oct 12, 2013 8:55:36 AM

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

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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).
Ltdc
Champion Author Long Island

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Message Posted: Oct 12, 2013 8:38:35 AM

Among other things.
jrschl
Champion Author Louisville

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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.
Nancy&Len
Champion Author Cleveland

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Message Posted: Oct 12, 2013 8:20:06 AM

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

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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??
el_fr
Champion Author Massachusetts

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Message Posted: Oct 12, 2013 8:18:04 AM

Let the government stay shut down longer
Luckylindy
Champion Author Milwaukee

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Message Posted: Oct 12, 2013 8:01:44 AM

Thats too bad.
yardslave
Champion Author Oklahoma City

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Message Posted: Oct 12, 2013 7:55:35 AM

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

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Message Posted: Oct 12, 2013 7:55:13 AM

too much spending
leeac
Champion Author Ohio

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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.
pscamp
Champion Author Ottawa

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Message Posted: Oct 12, 2013 7:23:46 AM

Really??
JDchefF
Champion Author Lancaster

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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.
Rockyguitar
Champion Author Tampa

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Message Posted: Oct 12, 2013 7:08:58 AM

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

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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.
RockCity
Champion Author Denver

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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.
scottyiam
Champion Author Reading

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Message Posted: Oct 12, 2013 6:22:11 AM

Idiots
dr047
Champion Author Cleveland

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Message Posted: Oct 12, 2013 6:08:12 AM


Throw them all out!
Hamish
Champion Author Ontario

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Message Posted: Oct 12, 2013 6:05:01 AM

USA government = spoiled brats
CarefulDriver
Champion Author Ann Arbor

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Message Posted: Oct 12, 2013 5:59:46 AM

Unfortunately impacts lots of things.
BIGOILEATURCRUD
Champion Author North Carolina

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Message Posted: Oct 12, 2013 5:39:02 AM

it may
humblepie
Champion Author Toledo

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Message Posted: Oct 12, 2013 4:35:37 AM

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

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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.
OHMS
Champion Author Orange County

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Message Posted: Oct 12, 2013 4:14:00 AM

damn good dan
danindenver
Champion Author Denver

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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.

BALRSTATUS
Champion Author Grand Rapids

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Message Posted: Oct 12, 2013 3:34:52 AM

not good
iFueler
Champion Author Durham

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Message Posted: Oct 12, 2013 3:21:37 AM


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

whitebear1883
Champion Author Oakland

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Message Posted: Oct 12, 2013 3:18:42 AM

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

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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.
eyegotgas2
Champion Author British Columbia

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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.
MidNJ
Champion Author New Jersey

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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?
johnpuh
Champion Author Ohio

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Message Posted: Oct 12, 2013 3:04:02 AM

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

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Message Posted: Oct 12, 2013 2:49:36 AM

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

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Message Posted: Oct 12, 2013 2:37:20 AM

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

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Message Posted: Oct 12, 2013 2:17:17 AM

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

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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.
pricewar
Champion Author Ogden

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Message Posted: Oct 12, 2013 2:12:00 AM

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

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Message Posted: Oct 12, 2013 2:05:19 AM

This is news?
JerryJoeUC
Champion Author San Antonio

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Message Posted: Oct 12, 2013 1:55:57 AM

Well duh.
madison8359
Champion Author Cleveland

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Message Posted: Oct 12, 2013 1:44:57 AM

Thanks Congress.
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