Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search
 

truebluegreen

(9,033 posts)
1. Maybe.
Sun Dec 11, 2016, 04:49 PM
Dec 2016

Oh I have no doubt they want to, but drilling in extreme conditions is an expensive proposition, and the price of oil has to justify it.

We are not the only country in the world and even if our new overlords have their collective heads up their asses on this subject, the market may take away their incentives with more renewables and therefore less demand (and how ironic is that?). Natural gas, as bad as it is, has already killed off the coal market; those jobs aren't coming back no matter what der trumpenfuhrer does.

Best case is oil companies get new leases but don't use them (new assets on their books w/o the expense of actually providing a product).

Latest Discussions»General Discussion»Goodbye ANWR. Hello joint...»Reply #1