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Started By
Message
re: Administration's $50 Oil Price Goal Is Doable, but Painful
Posted on 1/11/26 at 2:01 pm to fightin tigers
Posted on 1/11/26 at 2:01 pm to fightin tigers
I’d be curious, if US shale industry starts cutting back and US production falls, causing oil prices to start creeping back up, if the current President is going to lash out at industry like the past President did.
Are we going to try to force an industry to operate at a price point that isn’t suitable for their business?
Are we going to try to force an industry to operate at a price point that isn’t suitable for their business?
This post was edited on 1/11/26 at 2:03 pm
2
Posted on 1/11/26 at 2:09 pm to ragincajun03
quote:
Are we going to try to force an industry to operate at a price point that isn’t suitable for their business?
That won't happen.
It could kill US production and bring back high oil prices in 3-4 years.
Removing sanctions from Venezuelan crude will basically create an immediate 13 million barrel crude glut.
Posted on 1/11/26 at 4:05 pm to Hamma1122
quote:
$80 everybody wins
Too many people have watched Landman
Posted on 1/11/26 at 4:34 pm to ragincajun03
State of Louisiana benefits from higher oil prices
Posted on 1/11/26 at 4:38 pm to Hamma1122
Just give me $75 right now. $80 in 2027 to keep up with inflation.
Posted on 1/11/26 at 4:39 pm to ragincajun03
They are forcing us to do it now. Been doing it for a while.
Posted on 1/11/26 at 4:42 pm to Nado Jenkins83
Blue states waste tax dollars and they are complicit in fraud too, both to a much greater extent than red states.
Rather than opine for $70/barrel oil and lower state taxes, why not implement policies to reduce oil’s price and vote out evil, demorat politicians at the federal, state, and local levels and see what happens.
I’ll predict nirvana.
Rather than opine for $70/barrel oil and lower state taxes, why not implement policies to reduce oil’s price and vote out evil, demorat politicians at the federal, state, and local levels and see what happens.
I’ll predict nirvana.
Posted on 1/11/26 at 4:49 pm to Deplorableinohio
quote:
why not implement policies to reduce oil’s price
Like stop charging oil royalties?
Posted on 1/11/26 at 4:55 pm to fightin tigers
quote:
Like stop charging oil royalties?
Hey! That’s what Huey P Long did. As long as Win or Lose Oil Co won the lease bid…but that’s just a minor detail.
This post was edited on 1/11/26 at 5:14 pm
Posted on 1/11/26 at 5:00 pm to Deplorableinohio
Lots of fat to trim i agree.
Posted on 1/11/26 at 5:01 pm to ragincajun03
Were doing away with the gas tax and royalties.
Sounds like we are one step from nationalizing oil.
Waiting to hear where we make up the profits.
Sounds like we are one step from nationalizing oil.
Waiting to hear where we make up the profits.
Posted on 1/11/26 at 8:13 pm to ragincajun03
Truck nuts are off for many if oil stays in the low $50’s
Posted on 1/11/26 at 9:16 pm to fightin tigers
Never watched it Actually worked in oilfield years ago
Posted on 1/12/26 at 6:56 am to Everyday Is Saturday
There is still a ton of siloing and inefficiencies in upstream oil and gas that generates a ton of waste. The industry still has a bro/cowboy culture that doesn’t demand the most efficient and best process decision making.
Posted on 1/12/26 at 7:05 am to Cosmo
quote:
Oil has remained pretty cheap when accounting for inflation. Everything else is way more expensive.
I’m no economist, but I think the administration’s goal is to significantly reduce energy costs so that the cost of goods ultimately goes down too.
Posted on 1/12/26 at 10:35 am to Cosmo
quote:
Its a publicly traded commodity. 20 years ago OPEC manipulated.
Wonder when this will affect the Saudi's wealth.
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