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“If the 2024 US election comes down to a choice of “reduce US exports of LNG and oil to reduce inflation here but hurt the EU and UK”, or “honor our LNG and oil export commitments to our UK and EU allies at the cost of higher US inflation in an election year”, the US will likely throw their UK and EU allies under the bus.” Luke Gromen
An interesting article on why the dumb "halo" effect added temporary production to parent wells in the Bakken, and why that is now over, and the negative effect of too close of well spacing and frac hits.
Stuff To Think About
Oil and gas has always been used a political football by both parties. Republicans have accused the Biden group of withholding drilling permits on Federal Land, which it has, for instance in Alaska and some in the GOM. On shore, however, in shale plays, it hasn't and the New Mexican part of the Permian Basin HZ play, where 35% of total tight oil production lies, has gotten lots of permits.
In the interest of balance, Biden is now releasing more oil from the SPR to lower gasoline prices in the US, about as stupid a thing imaginable.
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