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A Trump advisor who promised to eat his shoe if Biden won is refusing to…
This is how close we are to the apocalypse, scientists say
KVUE-TV Austin logoFredericksburg representative files bill moving toward vote on Texas independence
On Tuesday, Texas Rep. Kyle Biedermann (R-Fredericksburg) filed House Bill 1359, otherwise known as the Texas Independence Referendum Act. If passed, it would allow Texans to vote on whether the Texas Legislature should create a joint interim committee to develop a plan for achieving Texas independence.
sharpeye
if anyone got stops taken out , then they obviously have not been in aim long enough to know stops are dangerous , i know , i learned the hard way , also stops are normally sold at the bottom , not the price you set the stop at , i genuinely believe the mms make a mint out of stops
just thinking out loud - I f Alexi wanted to maximise his return before an FSP had been declared as a failure , then surely he would have taken his options and sold them ? which he did not , so a degree of optimism can be inferred by this ?
The Biden administration was sued on Jan. 27 over its executive order to halt oil and gas leasing on federal lands and waters.
The lawsuit (pdf) was filed in the U.S. District Court in Wyoming by the Western Energy Alliance, a group representing fossil fuel producers on federal lands. They say President Joe Biden exceeded his authority with the recent order.
“The law is clear. Presidents don’t have authority to ban leasing on public lands. All Americans own the oil and natural gas beneath public lands, and Congress has directed them to be responsibly developed on their behalf,” Alliance President Kathleen Sgamma said in a statement, according to The Washington Times. “Drying up new leasing puts future development as well as existing projects at risk. President Biden cannot simply ignore laws in effect for over half a century.”
The executive order, Sgamma said, violates the Mineral Leasing Act, the National Environmental Policy Act, and the Federal Lands Policy and Management Act.
The lawsuit argues that the administration’s suspension of the federal oil and gas leasing program is “an unsupported and unnecessary action that is inconsistent with the Secretary’s statutory obligations” and is “both arbitrary and capricious.”
The Biden executive order sets up a “pause on entering into new oil and natural gas leases on public lands or offshore waters to the extent possible” and will launch a “rigorous review of all existing leasing and permitting practices related to fossil fuel development on public lands and waters,” according to the White House.
The White House said the move is an attempt to “tackle the climate crisis.”
Republicans and industry leaders said the order would harm the U.S. economy and result in thousands of job losses.
Dan Naatz of the Independent Petroleum Association of America said in a separate statement: “Do not be fooled, this is a ban [on drilling]. The Biden administration’s plan to obliterate the jobs of American oil and gas explorers and producers has been on clear display.”
What’s more, according to Sgamma, the order would also put at risk $8.8 billion in conservation revenue that is funded in part by mineral development on federal property.
“Biden’s ban is an overreach meant to satisfy the environmental left, but it would seriously harm the livelihoods of tens of thousands of westerners and put at risk millions more as state services become unfunded,” she said.
The order doesn’t affect existing oil and gas leases, which can last 10 years, officials have said.
The Interior Department stated the pause “won’t impact existing operations or permits for valid, existing leases, which are continuing to be reviewed and approved.”
Republicans in Congress have signaled they will work to stop Biden’s agenda.
“Pie-in-the-sky government mandates and directives that restrict our mining, oil, and gas industries adversely impact our energy security and independence,” Rep. Cathy McMorris Rodgers (R-
Layla
I tend to agree , I can see the concern , but I have been here for 5 years , and all of the previous episodes which gave cause for concern were proved with time to be unfounded , the banks engaged then not engaged one being the biggest I recall , the only way we will know for sure is clarification , hopefully by a prompt RNS , I guess all of us will fall into 1 of 3 camps - believers -on fence - doubters - or somewhere in between , I guess I fall in the grey area between on the fence and believing , not selling , but not adding until there is clarity on the sale - GLA
https://newsday.co.tt/2021/01/26/energy-minister-oil-and-gas-sector-can-be-saved/
He said the future of the industry needed proper succession planning, and an evaluation and a gas strategy scheme will be done to develop a 2030 natural gas plan.
Khan said with this in mind, the several projects that were delayed because of the disruption of global supply chains and strict covid19 protocols were about to recommence.
“The delayed projects are due to come on stream in the latter part of 2021. The key projects include production from Touchstone’s Ortoire block, namely Coho and Cascadura wells in quarter three of 2021; BHP’s Ruby and Delaware projects in quarter four of 2021; Shell’s Baracuda and Colibri in quarter four of 2021 and into 2022 – adding a combined total of approximately 450 million standard cubic feet per day; EOG’s Osprey East in 2022; and bpTT’s Cassia C and Matapal projects in 2022 will add incremental production increases.
any ideas on what the cash will be on 250 live cases ?
Gross cash generation in Q3 of £5.1m was particularly strong with cash generated from completed cases covering not only all completed case costs and all overheads but also all costs of around 250 ongoing live cases which are expected to generate very significant cash in the Company's normal timeframes.
Missed that bit , very good point , basically the increased worl load has meant that they need to fund lots of work , and have done so , profits to follow , far better than my 1st impression , have taken a small position - GLA
The Government measures are planned to continue through to April 2021 at least and so we expect the negative impact on the Company's level of new cases (which continue to be subject to our stringent levels of selection criteria) to persist for the remainder of the current financial year ending 31 March 2021.
That is the problem , it won't be a swift recovery , thay have £5m debt also , looks like it has further to drop imo ?