David Stanley
Petroleum Engineering Consultant. Petroleum Engineering and Regulatory Service.
07/28/2024
My racing pigeon loft:
04/04/2024
This is a subsea blow out preventer (BOP) that is used in well control operations in offshore drilling operations. Outstanding engineering went into the design of this equipment!
04/03/2024
There is nothing more beautiful to a Petroleum Engineer than a drilling rig on location. I will never forget while in high school when my mother took me to visit my Dad when he was working on a rig in the Cleveland, Texas area! I can still remember hearing the sound of the powerful engines on the rig when the crew was pulling the drill pipe to replace the drill bit…
If the Biden Administration destroys the American Petroleum Industry that will destroy the American economy and our way of life!
Taxes paid on oil and natural gas production:
Ad Valorem: 2%
Severance: 4.6% (Oil) 7.5% (Natural Gas)
Royalties Paid (Federal Properties): 12.5%
Then add the federal and state taxes paid at the pump which amounts to billions of tax dollars paid each year!
These taxes are not paid when using electric powered vehicles. So where does the federal,state and local governments go to replace this tax revenue?
The 14 Facts About US Aid to the Ukraine:
https://s3.amazonaws.com/media.hudson.org/110323_Fourteen_Facts_Ukraine_Memo.pdf?
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