Will Obama's insanity actually help us . . at least in the short run?

Obama is over in China since so few Americans can stand the sight of him.  And in China he has gone bat-crap crazy on phony global warming, faux global climate change, and non-existent global climate disruption:

King Obama's climate initiative

Setting aside for a moment the ludicrous insanity of the entire paradigm, could Obama be helping us natural gas landowners in the short term?  Let's see:

King Obama is attacking first the highest profile target of several:  coal.  The only existing short to intermediate term replacement for coal is natural gas.  No?

Since the American people overwhelmingly do not support Obama, he plans as usual to act on this alone, against our will [can you say "Obamacare"  :-) ], by way of his royal authority.

I realize and acknowledge Obama is a skunk and what he's doing is wrong and completely un-American.  Further, it's clear given time (and if he remained in office) he eventually would get around to us, condemning natural gas as he today fights against coal, because both are fossil fuels and evil in the eyes of his radical environmental supporters.

But in the mean time, do you think we might benefit from this?    

 

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Permalink Reply by Mike Fulper on November 13, 2014 at 9:57am

Feds can only control on Fed land...

States have full control within their bounderies..

Feds cant stop private enterprise within any State..

States rights.. started the FIRST Civil War..

2nd is on its way...:(

and the EPA is a UN function... has no basis within the Constitution....:(

Other then that.. all is fine over on Cubbison rd.... :)

Permalink Reply by Frank Walker on November 13, 2014 at 10:24am

Mike wrote as follows:

"Feds can only control on Fed land...

States have full control within their bounderies..

Feds cant stop private enterprise within any State . . "

Mike, I'm confident you know your stuff.  And respecting certain methods of entry (into state and private land business) you surely must be correct.

However:

Obama's EPA is well aware there is more than one way to "skin a cat", and more than one way to interfere in the lives of American landowners.  You, and others as well, must remember Obama's EPA will stop at nothing in order to have its way.  Here is an article which details their latest scheme to deter drilling on private lands, in this example in Colorado:

Obama's EPA gives bird to Colorado landowners

When I read something like that, I wonder how many endangered and treasured avine species will be decimated by the thousands of wind turbines Obama desperately wants to erect all across America.  Not that he or his EPA give a hoot when birds are slaughtered in pursuit of their insane renewable energy agenda!!  But when it's drilling doing the threatening, that is for them another matter entirely!!!

 

Permalink Reply by Mike Fulper on November 13, 2014 at 10:55am

Bottom line is..

the Feds have gained waaaaaaay too much illegal control.. over the land...

Air..Water..

and children...!!

It is all beyond repair.... short of another..... Civil rebellion....

Its just not worth discussing anymore....

Everyone has had it.....

I don't relish discussing this stuff... its beyond the average person to understand..

Eaisest way to explain what is going on is......Its Brainwashing... full time...

24 hours a day...

There is no such thing as a "carbon footprint"   but people believe it.. cause they

keep "hearing it"  over and over and over and over ....:)

Local control is the only hope.....

Now.. back to the fun stuff... DRILL DRILL DRILL.... FRACK FRACK FRACK..

Now that EQT has Fracked all over our area..

We have found out that our HEALTH

HAS IMPROVED.....!!

Our garden has improved... and the wildlife seem to be very happy.....!!

We are looking FORWARD... or as the Media says... GOING FORWARD....

We want MORE FRACKING.....seems to "settle"  the ground around here...:)

If we see any CARBON FOOTPRINTS... it must be from some Giant person

made out of "coal"....?

Maybe Bigfoot stepped in some GRAPHITE ? somewhere and is running around

making "footprints" ?  I don't know... just seems odd to me...."carbon footprints" geez.

People are now discussing things that DONT EXIST !!  

OH.. CLIMATE CHANGE  just OCCURED here today.....!!!!!!!    It SNOWED :)

Permalink Reply by gary smith on November 13, 2014 at 8:53am

question is whether it is worth it to benefit from this. same question for the welfare people. over 70000 a month have gone on disability since Obama took over.

Permalink Reply by Harrison Run on November 17, 2014 at 11:42am

Your blind ignorance is mind blowing.  You waste all of your energy calling Obama names and dwelling on false rumors and then you admit that what he is doing might actually be good for your business, and, oh, by the way, the climate, which you probably believe we can pollute forever without any consequences.  

Natural gas is good for the environment and all of us if it is done correctly.  Coal is bad in many ways. Obama is not out to get you.  He's trying to make decisions that benefit you.  But if you need someone to blame for for the fact that you got beat up in 5th grade, then continue to call him what you want.   Weak minds always need to scapegoats. 

Permalink Reply by Frank Walker on November 17, 2014 at 12:02pm

Dude, maybe you didn't hear:

There was an election about all this a couple of weeks ago.  Obama, his policies and his despicable Democrats, lost really badly top to bottom.  It was a rout!!

I happen to be with the majority of Americans who are aware Obama stinks out loud.  You might disagree, but you lost.

Permalink Reply by Elnathan Cory on November 17, 2014 at 4:03pm

Someone please move this discussion to the Opinion Based forum!

Permalink Reply by Harrison Run on November 18, 2014 at 2:52am

Obama was elected twice by a majority of Americans.  So was Bush.  (Except Al Gore actually had more votes than he did in 2000 - but that's the way our politics work.)

Their approval ratings are identical with the exception that Bush's spiked up after 9/11.  http://www.gallup.com/poll/124922/presidential-approval-center.aspx

Still.   I don't care whose popular.  I care whose making good decisions that will help this industry and also protect the country going forward.  Obama will be out in 2016 and surely a Republican will win.  Keystone pipeline will be passed.  I don't think more Canadian oil will help our economy since we now seem to have plenty, but it seems that they want it more just to get to the ports anyway.  But I don't see any changes for the natural gas / fracking industry which I think is going to be more of a state regulatory issue.  But it does need to be properly monitored because if there are any big environmental disasters, it's curtains for the entire industry.  

Permalink Reply by Philip Brutz on November 18, 2014 at 4:16am

http://www.theglobeandmail.com/report-on-business/industry-news/ene...

Oil sands production is surging in Alberta. The stuff that moves it through pipelines, however, is in short supply.

Energy companies operating in Alberta’s oil sands need condensate, or diluent – a type of super light oil – to thin the thick, tarry bitumen they produce and allow it to flow through pipelines.

  • In western Canada, condensate is a hot commodity, in high demand from oil sands companies that can’t get enough of it. On Monday, condensate traded for about $108 a barrel, about $15 more than Western Canadian benchmark light oil.

The diluent shortage serves as a risk to Alberta’s oil sands growth. The energy industry can boost bitumen production and build all the pipelines it wants, but if enough diluent does not find its way to northern Alberta, bitumen produced from the oil sands will not be able to reach markets.

Energy producers in western Canada churned out about 145,000 barrels of condensate per day in 2013, according to the National Energy Board. However, oil sands companies use about 350,000 barrels of condensate per day, analysts at Desjardins Capital Markets calculate. The difference is made up largely by U.S. producers that ship diluent to Canada via pipeline or rail.

Demand for condensate could hit 1 million barrels per day by 2020, as oil sands production grows sharply.

The diluent shortfall puts a handful of energy companies, particularly those with assets in Alberta’s Duvernay region, in an envious spot. Companies with condensate could be takeover targets, or may find eager buyers for certain assets. Trilogy Energy Corp. and Athabasca Oil Corp., for example, are two companies with attractive holdings in the Duvernay. The shale play is still being explored, and so far, early results have caused some stocks to rally when wells spew a healthy amount of condensate.

For the condensate shortage, “the driver here, without any doubt, is the oil sands,” analysts led by Justin Bouchard and Kristopher Zack at Desjardins Capital Markets said in a report. “So long as the oil sands continue to grow, condensate demand will grow in lockstep.”

Western Canadian condensate will likely be worth $10 to $15 more per barrel than condensate extracted in the U.S., where condensate is abundant but far from the oil sands, over the “near to medium term,” the analysts said.

Shane Fildes, global head of BMO Nesbitt Burns' energy group, believes geography, as well as geology, plays to the Duvernay’s advantage for condensate, which is typically associated with natural gas liquids production.

“Everyone is trying to add liquids to their portfolio, and the fact that you’ve got this resource play with a high condensate percentage right next to one of the biggest condensate users in the world – the oil sands – there’s a lot of traction to that,” he said. “I just continue to be amazed at the profile the Duvernay play is getting on a global scale. You look at Chevron, Shell, Exxon and when they hold their global quarterly calls, the Duvernay is highly featured.”

Trilogy serves as an example of how investors are excited about the Duvernay’s potential. The company released surprisingly healthy drilling results September 26. The next day, its stock jumped 11 per cent to $28.73 a share. Royal Dutch Shell PLC, which has massive holdings in the oil sands, is known to be Trilogy’s partner.

Athabasca Oil also has 142,000 hectares of land in the region. The company is looking for a partner to help develop these assets. Yoho Resources Inc., Vermilion Energy Inc., and privately-held Bounty Developments Ltd. are also among those with Duvernay assets. Talisman Energy Inc., the major Canadian oil and gas firm trying to reshape itself, has already put some of its Duvernay assets on the block.

Potential acquirers must tread carefully. “Results from the Duvernay so far have been all over the map. There have been some outstanding wells with phenomenal condensate yields, but there have also been results that have not been so good,” Mr. Bouchard and Mr. Zack wrote in their report. “Clearly, it is still early days for the Duvernay but as industry continues derisking the plays, this could ultimately become a meaningful source of local condensate supply for oil sands and heavy oil producers.”

Some big oil sands outfits are making it clear they would rather shop in their own neighbourhood. Cenovus Energy Inc., a large oil sands player with plans to grow, uses about 100,000 barrels of condensate per day, spokeswoman Jessica Wilkinson said, and about half of that amount is imported. As Cenovus’ production grows, so too will its need for diluent.

“Our team is looking at adding more capability to import although we’re always assessing supply,” she said. “If we can source it locally, we will.”

With files from Jeffrey Jones

Follow Carrie Tait on Twitter: @CarrieTait

Permalink Reply by Frank Walker on November 18, 2014 at 9:50am

Harrison

Disagree.  A Republican victory for POTUS in 2016 is far, far from assured.  The elections of 2008 and 2012 revealed there are two kinds of Americans:

1.  Americans who work to earn a living to support themselves and their families.

2.  Americans who vote to obtain other people's money to support themselves and their families.

In 2016, the second kind of Americans will be out and voting in force to keep the free-money gravy train firmly and squarely on the track!  It's what they do.

Permalink Reply by Elnathan Cory on November 18, 2014 at 4:14pm

Whether they like it or not, nearly everyone in the United States reaps the benefits of government.

When asked about participating in specific government social programs, 97 percent of Republicans and 98 percent of Democrats say they have taken part in a government program of some kind, according to a 2008 survey run by the Cornell Survey Research. Sounds about equal to me!

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