- The Oil Patch
- Posts
- TikTok Weeps Over Willow Project
TikTok Weeps Over Willow Project
Washington sanctions Iran's shadow banking partners

Good morning, here's what the Oilman has for you today:
Banning Iran's Banking Network
Willow Project Approved, TikTok Weeps
Tweet of the Day

Banning Iran's Banking Network
Last Thursday the U.S. imposed sanctions on 39 different entities. The reason? Connecting Iran with the global financial system.
And that connection is made up of oil
Whether it be barrels of crude or petrochemicals, Washington accused organizations from the U.A.E., China, Pakistan, and Turkey of operating in the shadows to help Iran connect to its "foreign financial networks, which it uses to launder funds."
But China and Iran have words for the U.S.
"We deplore and reject this move," said a Chinese embassy official, saying it represented "typical unilateral sanctions and illegal 'long-arm jurisdiction'" without basis in international law.
Iranian Oil Minister Java Owji touted 83 million more barrels of crude sold in the recent calendar year compared with the previous calendar year. This is the most since the U.S. reimposed sanctions in 2018.
Under the sanctions, Iran has been able to make enormous progress in different fields, including science and technology, the medical and biological sciences, space sciences, nuclear sciences, and nanotechnology.
— Khamenei.ir (@khamenei_ir)
5:00 PM • Mar 13, 2023
The U.S. Treasury Department believes these sanctions will make a dent in Iran's illegal oil markets.
Doesn't sound like China is done buying Iranian oil, does it?

Today's Edition is Brought to You By Connection Crue.
Are you ready to power up your professional network?
Look no further than Connection Crüe - your ultimate destination for connecting with industry leaders in the Oil & Gas energy sector.
Connection Crüe doesn't just stop there - they're also committed to investing in the industry's future through Kids Crüe events.
Reach out to JP Warren today and get plugged into Connection Crüe. They're committed to helping you grow and succeed in the energy industry.

ConocoPhillips' Willow Project Approved
Let liberal TikToker's tears flow...
Biden just approved Willow.
He pledged to end drilling on federal lands. Millions of us collectively urged him not to approve Willow and took over the internet in doing so.And he did it anyways.
— Elise Joshi (@EliseJoshi)
4:40 PM • Mar 13, 2023
The Biden Interior Department has approved ConocoPhillips' $7 billion Willow project in Alaska.
The Willow project area has an estimated 600 million barrels of oil in place.
Questioning its environmental impact and President Biden's climate change efforts
“Today’s decision to approve the Willow Project in Alaska will lock in decades of dirty and dangerous oil and gas production and drown out the tremendous environmental and economic opportunities available from transitioning to a clean economy," said the director of the Climate Action Campaign.
My message to Biden on him approving the Willow Project:
— Luke Mullen (@thelukemullen)
10:39 PM • Mar 13, 2023
Meanwhile Alaskan Democrat Congresswoman Mary Peltola said, "The state of Alaska cannot carry the burden of solving our global warming issues alone."
ConocoPhillips CEO issued a statement, "This was the right decision for Alaska and our nation."
And we can't leave the United Nations out, they criticized the project, too.
But the Willow Project is actually a trimmed down version
Originally approved under the Trump Administration, the Willow Project's environmental analysis was found faulty by a federal judge in 2021.
What was a five drill-pad, miles of roads, and multiple pipelines and bridges project has been reduced to a three well pad site.
The Interior Department says this is better for polar bears and the yellow-billed loons.
That all sounds fine to the Oilman, but the 180,000 barrels of oil a day sounds even better.
ConocoPhillips estimates $8 billion to $17 billion in new revenue for the federal government, the state of Alaska and North Slope Borough communities as well as 2,500 construction jobs and 300 long term jobs will be created as a result of the Willow Project.

Around the Digital Patch
🤦♀️ Granholm said U.S. could learn from China.📈 Yahoo on 11 best oil stocks to buy.👷♂️ Oil & Gas jobs continue to grow in TX.

Tweet of the Day
Directional Flow Dog
— TFG87 (@TheGuy870)
6:16 PM • Mar 14, 2023

Thanks for reading today's Oil Patch!
Stay oily, my friend.
Two quick requests before you go:
If you found this useful, forward this email to a friend to spread the word. 👇
Take 1 second to answer the poll below 👇👇
What do you think of today's edition? |