A lot of things happened. Here are some of the things. This is TPM’s Morning Memo.
Sen. Ron Johnson (R-WI) told Breitbart News Radio on Monday that Republicans should come up with a plan to kill Obamacare again if they take control of Congress and the White House in 2024.
On the issue of RoJo, it’s almost like he’s trying to give the WI Dem Senate candidate a landslide vote, between the ACA idea and the war idea. Both positions are immensely unpopular, even with many Republicans (note - maybe not with the GQP, but most rational ones and there are more of those than maybe we know).
I wanna see a shellacking of this guy that rivals the Dukakis loss in the 80s.
It’s just silliness. From the time a drilling rig is brought to a lease to the time the well is brought on line takes at least a year and often longer.
Offshore is twice as long, at least.
The response from the oil industry, however, has been nothing short of dramatic, claimingthat the pause will drastically affect production and jobs. A new Center for American Progress analysis finds that these statements are outright false. In reality, companies could continue to begin new drilling operations on unused leases at the current rate for at least the next 10 years without access to any new leases. Despite the industry’s “sky is falling” claims, federal oil and gas development is unlikely to change substantially with a pause on new leasing because the industry already has access to so many acres of public lands.
No, of course not. There’s no profit if supply meets or exceeds demand. But the continued whinging about ‘we need more leases’ is BS. Start developing what they have and maybe we can talk.
This was all avoidable. Every bit of it. And no one in the media will point this out on the same scale as they point out rising pump prices.
These morning memos are fucking nuts. Who the cares about Ingram’s design skills and what some asshole said on Brutefart? It seems to me that TPM needs to find new talent. All they have right now is Josh K.
The ones they already have are the best places to drill, anyway. They always bid on the best places first, the worst places last. So where they really need to be drilling to get the most oil or gas is the places they’ve already leased.