Nah they're not gouging.
https://www.cnbc.com/2021/10/29/chevron-cvx-exxon-xom-earnings-q3-2021.html
https://www.cnbc.com/2021/10/29/chevron-cvx-exxon-xom-earnings-q3-2021.html
Oil companies are raking it in
- Thread starter Veer2Eternity
- Start date
Like what? You realize gas prices are sky high in most countries around the world right?
Why can't the rest of the world broker a deal? What did we give up to the Sauds? You know ...the sauds..the dudes on those airplanes. The sauds..the guy that just had that reporter dismembered?
Oh yah. We let weapon sales go through.
Great plan.
Oh so they just decided to do what trump said.
That's just silly. He and kushner bent over for saudi money.
Trump needs it. He's bout to be broke.
Despite a Pledge to Ban It, Oil and Gas Permitting Is Up Under Biden
Legal and political realities seem to have tempered the administration’s ambitions for ending fossil fuel extraction on federal lands.
From that article.Despite a Pledge to Ban It, Oil and Gas Permitting Is Up Under Biden
Legal and political realities seem to have tempered the administration’s ambitions for ending fossil fuel extraction on federal lands.www.audubon.org
”Because the moratorium Biden imposed a week after inauguration only halted new lease sales, drilling permit applications on already leased land have continued to roll in, spurred by still-climbing energy prices.”
Halted is the key word.
A piece of a three week old Forbes article seems to nail it.
“Between 2011 and 2014, consumers tolerated an average price of $107 a barrel. This dropped to $57 a barrel in the subsequent five years through 2019 largely because of the boom in America’s shale oil patch, which added vast amounts of non-OPEC supply that tempered prices.
However, the Biden administration and Wall Street concerns about the low-carbon energy transition have put shackles on shale.
U.S. oil production remains nearly 2 million barrels a day below its peak of 13.1 million barrels a day. The Energy Information Administration expects U.S. output to remain near 11.3 million through the end of 2021 before increasing to an average of 11.7 million barrels a day in 2022.
That’s a significant additional oil, but shale producers could do much more.
The Biden administration could improve the investment climate around shale by ceasing its attacks on the oil industry. “
“Between 2011 and 2014, consumers tolerated an average price of $107 a barrel. This dropped to $57 a barrel in the subsequent five years through 2019 largely because of the boom in America’s shale oil patch, which added vast amounts of non-OPEC supply that tempered prices.
However, the Biden administration and Wall Street concerns about the low-carbon energy transition have put shackles on shale.
U.S. oil production remains nearly 2 million barrels a day below its peak of 13.1 million barrels a day. The Energy Information Administration expects U.S. output to remain near 11.3 million through the end of 2021 before increasing to an average of 11.7 million barrels a day in 2022.
That’s a significant additional oil, but shale producers could do much more.
The Biden administration could improve the investment climate around shale by ceasing its attacks on the oil industry. “
Wall street may deserve your ire but biden is the easier target.
Demand way up. Supply isnt.
Saudis arent going to increase output and even if they do it wont satisfy the haters.
Oil companies don't want increased output. They are making a killing. You think they do this on purpose? Dem pres talks about actually making them pay taxes..boom..oil prices go up
Who wrote that piece you linked?
Here’s the article.
https://www.forbes.com/sites/danebe...caught-flatfooted-by-skyrocketing-oil-prices/
Not sure I understand your comment on Biden being an easy target?
Your author is the ceo of a drilling company not an economist.
Biden is easy target due to the huehuehue letsgobrandon crowd
Very little grey matter being worked out among them
Is the author of your article an economist?
You realize that you flipped your opinion on presidents being targeted by their opponents.
Targets are fair. Have some class about it.
Trump will go down as the worst president ever. All the classless chanting wont make that change.
My article presented solid numbers not some guesses.
Ceo wants to get paid.
He may rightly so but you and the media has went from attack mode to protect mode. You know what makes the people chanting against Biden almost normal is the treatment of the previous president by you.
I’m sorry but you are wrong about your article from a left side site of the Audubon Society. The article was more about protecting birds. Would the Audubon defend oil production anywhere.
And your writer wants paid.
Really? I would consider all but two of these paragraphs facts.
“Between 2011 and 2014, consumers tolerated an average price of $107 a barrel. This dropped to $57 a barrel in the subsequent five years through 2019 largely because of the boom in America’s shale oil patch, which added vast amounts of non-OPEC supply that tempered prices.
However, the Biden administration and Wall Street concerns about the low-carbon energy transition have put shackles on shale.
U.S. oil production remains nearly 2 million barrels a day below its peak of 13.1 million barrels a day. The Energy Information Administration expects U.S. output to remain near 11.3 million through the end of 2021 before increasing to an average of 11.7 million barrels a day in 2022.
That’s a significant additional oil, but shale producers could do much more.
The Biden administration could improve the investment climate around shale by ceasing its attacks on the oil industry. “
I don’t remember non-Trump voters surrounding Trump campaign vehicles and attempting to run them off the road. But carry on.
I don’t recall Hillary voters attacking the capitol and threatening to hang the VP on site. But carry on.
Hes crying for more billions
Do you recall trump talking them into reducing production? That's part of the issue now
I remember the Capital and before all of that I remember the riots that a lot of people like yourself chose to ignore because it doesn’t fit the agenda.
What’s worse, violence on the left or the right? It’s a dangerous question
For Democrats to rank ideologically motivated violence, under the present circumstances, is to divide the country politically.
thehill.com
Reducing and shutting down are different aren’t they?
Don’t reply at all.
Please reply but take it easy on me.
What was shut down? How many gallons per day?
Please use reliable sources. I honestly don't know
Ah you got me on that on steer. Yes not built but the oilfield in Canada is up and running but no oil heading south on the pipeline.
It was only 8% complete when it was shut down. It effects the Dakotas economy which does mine.
Yep, we use more oil than anyone in the world so we need more. If we don’t use it someone else will or hold it against us so let’s do the Keystone and boost some local economies. The one thing I struggle with is the eminent domain used for the line.
You know there are moves we can make as a country that don’t involve drilling that would make us even more independent from the saudis and their ilk. But let’s stay in the 1900s as long as possible.
The five year drop in gas prices was due to OPEC dropping the bottom out on the barrel in 2015 due to a surplus. Did Obama get credit for that??
I read that the number of billionaires in the US has increased from a little over 600 to around 750 since the pandemic. Times are hard, aren't they!!
I read that the number of billionaires in the US has increased from a little over 600 to around 750 since the pandemic. Times are hard, aren't they!!
Which President Oversaw The Highest Gasoline Prices?
Today I cover the major factors that have caused gasoline prices to rise and fall over the past two decades.
www.forbes.com
Great article no matter what side of the fence you are on.
Special K did not mention Trumps low gas prices. Presidents probably get more credit for low and high gas prices than they should.
So you agree there isnt much biden can do.Which President Oversaw The Highest Gasoline Prices?
Today I cover the major factors that have caused gasoline prices to rise and fall over the past two decades.
Great article no matter what side of the fence you are on.
Special K did not mention Trumps low gas prices. Presidents probably get more credit for low and high gas prices than they should.
Thanks
Your welcome. It was a good article explaining it was mainly situational.
You stole that comment you made from a title of a CNN article.
Nah not mad Toots. Oops I meant bruh.
www.cnn.com
Analysis: Gas prices are at 7-year highs, and Biden can't do much about it
Americans are feeling pain at the pump -- and there's little the White House can do to shield them from it.
www.cnn.com
Sure you are. Even you figured out that presidents have little to do with gas pricesNah not mad Toots. Oops I meant bruh.
Analysis: Gas prices are at 7-year highs, and Biden can't do much about it
Americans are feeling pain at the pump -- and there's little the White House can do to shield them from it.
Nope ,not one least bit but I appreciate your genuine concern.
Life’s to short and I have plenty of real things to worry about but this ain’t one.
