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Message
re: Editorial: What Biden Is Getting Wrong About Big Oil’s Profits
Posted on 6/22/22 at 11:43 am to 3nOut
Posted on 6/22/22 at 11:43 am to 3nOut
quote:
3nOut
thank you
So annoying when people talk about "obscene" profits of oil companies when most are working on 7-8 cent profit on a gallon of gas, yet the federal government is making 18.4 cents per gallon for doing nothing, investing nothing etc
frick biden and his bullshite "more money than god comment"
if exxon made more money than god...then how much did the federal govenment take in?
2
Posted on 6/22/22 at 12:20 pm to lsu777
Another point that gets lost in some of this, two other scenarios that have allowed oil & gas companies to make more:
1- Decisions by companies like BP and Shell to divest of more and more “dirty energy” assets…someone had to gobble that up.
2- Quite a few E&Ps folded or cashed out in 2020, so someone had to take that on.
Those still existing Permian shale operators like XTO (Exxon), Chevron, OXY, Pioneer, etc are making more because they now have more market share.
1- Decisions by companies like BP and Shell to divest of more and more “dirty energy” assets…someone had to gobble that up.
2- Quite a few E&Ps folded or cashed out in 2020, so someone had to take that on.
Those still existing Permian shale operators like XTO (Exxon), Chevron, OXY, Pioneer, etc are making more because they now have more market share.
Posted on 6/22/22 at 12:22 pm to lsu777
quote:
if exxon made more money than god...then how much did the federal govenment take in?
Politicians think they are GOD and the Fed .gov is who they are talking about.
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