re: $90 Oil Is Only The Beginning

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Demand might decline some but we'll still be extracting oil from the ground in 100 years.

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if people are dumb enough to believe oil is going anywhere anytime soon…. i’d love them to explain how plastics, lubes, oil byproducts they use everyday are going to be made?

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U.S. public oil companies are still beholden to their shareholders, who seem to be taking to heart forecasts that oil has no long-term future.

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What stupid arse shareholders in an oil company want the company to not drill and pump more oil?

who? Exxon is downsizing their Irving corporate offices to the Spring headquarters. Did y’all bother to read the article?

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I've been loading up on oil stocks the last year or so, hope this will start a big spike, one of them is already at a 344% return

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List em, my man

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Never forget that Trump ended our dependence on foreign oil and it took the left less than a year to frick it up.

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We actually became independent under Obama and it grew even more so under trump. We exceeded the production of Saudi Arabia and I think we still do.

Louisiana fares well when oil prices are high. Our state budget is still dependent on oil and the higher price per barrel, the more Revenue for the state. Also, the industry that supports oil production, mostly offshore, is very large.

I don’t expect to see any expansion of infrastructure or new drilling in the Gulf of Mexico but the dismantling of old platforms should pick up.

Times will be good in Louisiana with sustained oil over $80 per bbl.

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What stupid arse shareholders in an oil company want the company to not drill and pump more oil?

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Activist investors that are pushing ESG

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We actually became independent under Obama and it grew even more so under trump. We exceeded the production of Saudi Arabia and I think we still do.

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I think we became a net exporter in 2019, but yes, the big trend started under the Obama Administration.

The energy bill in 2015 allowing producers to sell straight crude oil overseas really helped. Previously, US companies could only sell refined products like gasoline overseas, if I remember correctly.

Thanks for bringing us today's doom and gloom. Can always count on the OT.

F this I’m headed to the patch; gone ride this wave high.

Yea but no more mean tweets so it's all worth it