brenthutch 383 #101 August 4, 2022 1 minute ago, jakee said: Cool! Did you notice that neither option is conditional on how much they’re able to drill baby drill? Because the supply side of the equation is constrained the market is adjusting to the demand side. Quote Share this post Link to post Share on other sites
jakee 1,254 #102 August 5, 2022 Just now, brenthutch said: Because the supply side of the equation is constrained the market is adjusting to the demand side. But not by very much. So far you've very neatly demonstrated that the current situatin is awesome for oil companies and there's no inventive for them to drill their way to lower prices. Quote Share this post Link to post Share on other sites
brenthutch 383 #103 August 5, 2022 (edited) 4 hours ago, jakee said: But not by very much. So far you've very neatly demonstrated that the current situatin is awesome for oil companies and there's no inventive for them to drill their way to lower prices. The current administration wants lower gas prices for political reasons, but they don’t want domestic production, refinement or transportation for political reasons. That is why Biden is going overseas to beg for oil and emptying the Stratigraphic Reserve. The WH spokeswoman said as much when she acknowledged although we want more oil now, in five years we won’t, as we will be transitioning from fossil fuels. Why would anyone invest in drilling and refining capacity if they were guaranteed a negative ROI from the White House. Edited August 5, 2022 by brenthutch Quote Share this post Link to post Share on other sites
jakee 1,254 #104 August 5, 2022 41 minutes ago, brenthutch said: The current administration wants lower gas prices for political reasons, but they don’t want domestic production, refinement or transportation for political reasons. That is why Biden is going overseas to beg for oil and emptying the Stratigraphic Reserve. The WH spokeswoman said as much when she acknowledged although we want more oil now, in five years we won’t, as we will be transitioning from fossil fuels. Why would anyone invest in drilling and refining capacity if they were guaranteed a negative ROI from the White House. That’s quite the pivot, but at least you’ve moved on from your insane argument that oil companies want to act in a way that drives down oils prices. Anyway, you’ve guaranteed us that the red wave is coming and Democrats are about to be wiped out. Why do you think the oil company analysts are guaranteeing that you’re wrong? 1 Quote Share this post Link to post Share on other sites
