Remember, new leases can be issued but have more hurdles put in front of them so that the final permitting process to actually use the leases takes so long and is so cost prohibitive that the oil or gas stays in the ground.
ANWR comes to mind.
How about an end around ? Up is paid to reactivate line and allows them to lease route for $1.00 a year or gets unlimited track rights. Then where are the Nimbys ?
How about an end around ? Up is paid to reactivate line and allows them to lease route for $1.00 a year or get unlimited track rights. Then where are the Nimbys ?
It would be interesting to see who owns 2nd, 3rd or 4th log cabin mansions in Minturn.
At the same time it sounds like RGP did not provide much detail. UP is not going to put a dime into reactivation, I would think.
"UP is not going to put a dime into reactivation, I would think."
-Time will tell. All the moves are not in play yet. The chess game moves on.
STCALRR if the plan included oil trains - it would be akin to the MRL trains through Montana. Virtually all I saw this summer on the former NP in Missoula was oil trains. A GOOD reason for a second line across Montana. With fracking made illegal about two weeks ago production from a lot of established oil fields will deteriorate.
if the plan included oil trains - it would be akin to the MRL trains through Montana. Virtually all I saw this summer on the former NP in Missoula was oil trains. A GOOD reason for a second line across Montana. With fracking made illegal about two weeks ago production from a lot of established oil fields will deteriorate.
Fracking wasn't banned, unfortunately. Just no new fracking on Federal lands. Current projects on private property can continue. The damage is financial, lowering the values of oil company paper assets. I'm OK with that.
Here's a fun fact about fracked shale wells. They're not like gushers or larger reservoirs that can produce for decades. Production drops rapidly after the first year or two. Then you have to frack somewhere new, while maintaining or decomissioning all your old pipes and wells. It's like a snowball that keeps on rolling downhill, leaving wreckage in its wake. There's no future in it.
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