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Message
re: Dow Futures down 300...Nasdaq futures down 200.
Posted on 1/21/22 at 12:19 pm to slackster
Posted on 1/21/22 at 12:19 pm to slackster
quote:
There isn’t a single practical, material thing Biden or the government can do to lower energy prices.
You can’t force companies to increase supply if they don’t want to do so.
President* Biden can't force oil companies to produce, but he sure has thrown up a lot of barriers to production, pipelines, and exploration.
We were energy independent a year ago. Now we are not and that's all on Biden and his loon handlers plate eating "global warming" fear porn.
1
Posted on 1/21/22 at 2:39 pm to Auburn1968
quote:
We were energy independent a year ago. Now we are not and that's all on Biden and his loon handlers plate eating "global warming" fear porn.
Yeah, we were a net exporter in 2020, but ignoring the fact our imports were the lowest since 1991 due to Covid is shortsighted.
However, since then, demand has outstripped supply - now how do you fix it?
I commend energy companies for doing what they’re doing. They’ve been poor stewards of capital for a long time, and it seems they’ve finally learned their lesson. I don’t see how you realistically make them do things any differently. They’re going to slowly increase production while maintaining/increasing profits and profit margins. Kudos.
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