dcoyne78 wrote:Arctic weather in Texas is a problem generally, they were unprepared for such severe winter weather, a problem that is easy to correct.
Well, might be easy, but isn't always cheap. Oil folks like saving money everywhere they can, and burying everything for that once a year cold snap can be inconvenient, if done after rather than before production begins.
dcoyne78 wrote:Lack of regulation by state agencies is a problem, the free market does not solve all problems, despite the claims of free market fundementalists.
I've never seen a state regulation in my life that requires an oil company to do something they don't want to do, as it applies to cold weather. The regs tend to apply to all things safety related, spills, harm to others, if companies want to be unprepared for a cold snap, and shut in their producing assets or let them freeze up and dethaw them later, that's their business.
Plant Thu 27 Jul 2023 "Personally I think the IEA is exactly right when they predict peak oil in the 2020s, especially because it matches my own predictions."
Plant Wed 11 Apr 2007 "I think Deffeyes might have nailed it, and we are just past the overall peak in oil production. (Thanksgiving 2005)"