- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Big Oil Is Not Dancing To Government Tunes. Period.
Posted on 11/7/22 at 8:57 am to DJFord
Posted on 11/7/22 at 8:57 am to DJFord
quote:
Not bad for 3 months. No need to “dance” when you’re gouging American motorists.
Y'all should propose some more regulations to suppress supply and some more taxes on producers. Surely that will reduce the price for American motorists.
0
Posted on 11/7/22 at 8:58 am to ragincajun03
you have to have hydrocarbons for alot of things, sure.
your article itself states oil companies are completely content pocketing profits and not reinvesting them.
the only industries that do that are industries with no expanding future.
A day is coming where there is diesel for towing and necessary byproducts and commuter cars are electric.
your article itself states oil companies are completely content pocketing profits and not reinvesting them.
the only industries that do that are industries with no expanding future.
A day is coming where there is diesel for towing and necessary byproducts and commuter cars are electric.
Posted on 11/7/22 at 8:59 am to ragincajun03
Jimmy Carter must be happy knowing he is no longer viewed as the most incompetent president of the modern era.
Posted on 11/7/22 at 9:00 am to Highthoughts
quote:
commuter cars are electric.
This isn't viable for numerous reasons. At least not in the next 20 years if not never. Electric isn't the answer.
What fuels the plants?
What do you do with old batteries that can't be recycled?
What is going to drive the market to make electric recharging stations?
Posted on 11/7/22 at 9:03 am to ragincajun03
quote:
President Biden over the weekend told New Yorkers at a rally that he was still going to end drilling and fracking on Federal Lands.
When people tell me it is Markets and Cyclical and not Biden, I laugh.
Posted on 11/7/22 at 9:05 am to HottyToddy7
quote:
What do you do with old batteries that can't be recycled?
What do you do when you find out you are using non-renewable resources to create the batteries and electricity?
Lithium Mining
Posted on 11/7/22 at 9:09 am to ragincajun03
The first world is pulling the ladder out from the developing nations. Petrol is the cheapest fastest way for these nations to climb the standard of living.
I guess in DJford's world, it's the oil co's that are screwing californians worse than anywhere else.
I guess in DJford's world, it's the oil co's that are screwing californians worse than anywhere else.
Posted on 11/7/22 at 9:11 am to HottyToddy7
Clearly not
Posted on 11/7/22 at 9:16 am to ragincajun03
quote:
Per the FT, it is banks that want oil companies to keep returning cash to shareholders instead of investing it in new production.
Shareholders themselves would certainly agree: they spent years watching how much cash was poured into relentless production growth and then they saw prices go negative, even though it was only for a little while. The price crash of 2020 was very real and very painful.
Everyone in the industry remembers how many companies went bankrupt and how many colleagues lost jobs between 2014-2021 with relentless production growth. It basically took that bloodletting to remind people the point of running a business - free cash flow.
Posted on 11/7/22 at 9:39 am to cwill
Some policy makers want to impose a windfall profits tax on energy companies.
They conveniently forget the US oil & gas industry lost $300 billion over the last decade.
They conveniently forget the US oil & gas industry lost $300 billion over the last decade.
Posted on 11/7/22 at 9:45 am to ragincajun03
Why invest in future production capacity or even replace aging capacity if the government is committed to eliminating your industry? It takes years to build and bring on line a refinery. Why would anyone sink money into a plant that will never operate?
Posted on 11/7/22 at 9:46 am to ragincajun03
It's insanely frustrating how so many people still beleive Biden is right.
Basic economics is not hard... and yet 75% of Americans know so little of it that they can so easily be misled.
Basic economics is not hard... and yet 75% of Americans know so little of it that they can so easily be misled.
Posted on 11/7/22 at 9:48 am to ragincajun03
Governments keep telling oil companies and banks that they don’t want oil being used in the future. Who wants to invest in an industry that’s being forcibly phased out?
Posted on 11/7/22 at 9:54 am to DJFord
so, you have no understanding of supply and demand economics?
Posted on 11/7/22 at 9:55 am to OU Guy
Biden: "I'm a capitalist... but" then proceeds to slam Exxon for making a profit for successfully keeping the US supplied with refined products despite crushing government regulations.
Also, here is AAPL vs XOM net income
Also, here is AAPL vs XOM net income
Posted on 11/7/22 at 9:59 am to OU Guy
quote:
Some policy makers want to impose a windfall profits tax on energy companies.
Would end up decreasing production. I honestly think it’s a completely dishonest midterm stratagem that will never happen.
quote:
They conveniently forget the US oil & gas industry lost $300 billion over the last decade.
Due. to horrible mismanagement.
Posted on 11/7/22 at 10:11 am to DJFord
quote:
Not bad for 3 months. No need to “dance” when you’re gouging American motorists.
anyone ever told you how ignorant you are?
Posted on 11/7/22 at 10:12 am to ragincajun03
I believe there was a Bloomberg article about a meeting Granholm and other administration officials including Deese with oil executives. Contentious. Lasted 30 minutes. Granholm browbeat the execs and wanted to know their strategy for cheap oil and gas. Oil execs stated they would not give out their strategies in a room with their competitors. Also, that’s a violation of antitrust laws.
This administration is the most corrupt in my lifetime.
This administration is the most corrupt in my lifetime.
Posted on 11/7/22 at 10:12 am to statman34
quote:
when so called renewables don't satisfy the needs we are stuck with lower refinery means
This is what Europe is currently experiencing and Joe wants that here in the US.
He's actually said that, if you pay attention, to his comments about not caring about the US economy.
Biden knows what Obama is having him do. He is also aware of the outcomes it is doing to the US economy. This is where the media comes into play to run interference and have the blame be placed on everyone but Obama and Joe.
Posted on 11/7/22 at 10:13 am to ragincajun03
Calling the oil industry a free market is one of the most dishonest things they've ever said about themselves. Not with those trillions in subsidies.
This post was edited on 11/7/22 at 10:14 am
Page 2 of 3
Popular
Back to top
Follow TigerDroppings for LSU Football News