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Oil Companies

"J"

Bass Whisperer
Supporting Member
48,877
249
North Carolina
So shutting down what was leading us too energy independence had nothing too do with our situation? Somehow gas that was creeping steadily up after said shutdown, all of a sudden it’s a Russian issue? Energy companies got burned by this administration and now this administration is blaming said energy companies for not kneeling down and kissing their feet?
Biden and his ilk have created this issue. I hope they all get tossed on their election cycle…. If not sooner…
 
So shutting down what was leading us too energy independence had nothing too do with our situation? Somehow gas that was creeping steadily up after said shutdown, all of a sudden it’s a Russian issue? Energy companies got burned by this administration and now this administration is blaming said energy companies for not kneeling down and kissing their feet?
Biden and his ilk have created this issue. I hope they all get tossed on their election cycle…. If not sooner…
I don't know wtf - thought we were energy independent a few years ago. Do you think the energy companies are rip n us some
 
Oil companies are not investing in new drilling and refining capabilities so their profits go up. They cannot invest because of all the new regulations, the terminated lease agreements in Alaska and the Gulf, let alone the political climate where they were told they would be made to be obsolete under this administration from day one!! They Keystone pipeline....it would be 2 years further to being completed had Biden on DAY 1 not canceled it. Yeah it didn't have oil in it (love that fucking argument) but it was going to AND more importantly the shutting it down completely destroyed any promise of investing in such a project. So YEAH THEIR PROFITS ARE UP THIS YEAR.
 
The biggest profiteers in oil are the governments that collect taxes. Fact.

 
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Jackalope

Dignitary Member
Staff member
36,475
235
The American Petroleum institute responded to Biden's BS threat letter with 10 thing he can do to alleviate the issue. The 2nd to last paragraph is on point!

Screenshot_20220617-115626_Drive.jpg


Screenshot_20220617-115641_Drive.jpg

Screenshot_20220617-115656_Drive.jpg
 

Ohiosam

*Supporting Member*
10,930
166
Mahoning Co.
I’ve been seeing all kinds of articles about record profits. What none have said is what those profit are per gallon of gas and how much cheaper gas would be if there were no profit.
 

Clay Showalter

Southern member northern landowner
4,684
110
Guilford County
In 2016 there were 139 refineries on line. In 2021 there were 124 online.
Yep and when was the last time a new refinery was built?

When the current administration says they are going to get rid of oil all together, who wants to invest in anything oil related? Now we all know that oil and gas are not going anywhere, they just want to make it expensive and difficult to get.
 
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giles

Village idiot and local whore
Supporting Member
37,808
197
In a bar
Yep and when was the last time a new refinery was built?

When the current administration says they are going to get rid of oil all together, who wants to invest in anything oil related? Now we all know that oil and gas are not going anywhere, they just want to make it expensive and difficult to get.
You mean like they did with ammo?
 

Outside

Junior Member
269
35
Oil companies did dramatically better in 2022, than 2021, because there was no demand in 2021. We were still essentially closed from COVID. The following statement may sound silly, but I believe it to be true: "When the USA exports Oil, it exports Freedom". The price of cheap Russian natural gas is capitulation, and lower US influence in the region it's sold. That's why BIden stopping leases and KEYSTONE XL has a knock-on effect geopolitically. That man is a Moron.