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Message
re: With No Strategic Reserve To Help Him, What Will Joey Do?
Posted on 4/4/24 at 3:45 pm to cwill
Posted on 4/4/24 at 3:45 pm to cwill
quote:
The evidence indicates massive investment. Nothing you posted contradicts.
Buying out another company is just existing investments changing hands. It does nothing for future production and therefore does zero for the price of oil/gasoline.
It has nothing to do with investing in drilling prospects. Maybe they are acquiring assets with the hope that come 2025, things will change under a new administration?
Acquiring existing companies/assets is not the same as investing in new wells. This means zero for the future of the industry other than Big Oil is getting bigger!
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