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Started By
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re: Oil And Gas Executives Say It's Not Joe Biden Holding Back Domestic Production
Posted on 3/24/22 at 3:24 pm to saintforlife1
Posted on 3/24/22 at 3:24 pm to saintforlife1
Imagine a scenario where Russia and Saudi would get into a production war on front end of a global pandemic; global economy coming to a near stand-still and crushing fracking and other O&G investors in doing so.
Nevermind, that would never happen.
Unless it already happened, as if there was forethought by Russia to create more dependence on its oil for a war one day and would negatively influence drill bits from spinning from weary investors.
Skip the daily political divide and look at the geo political long view.
Nevermind, that would never happen.
Unless it already happened, as if there was forethought by Russia to create more dependence on its oil for a war one day and would negatively influence drill bits from spinning from weary investors.
Skip the daily political divide and look at the geo political long view.
0
Posted on 3/24/22 at 3:29 pm to OysterPoBoy
quote:
Investing in oil hurts your ESG score.
ESG down, 401k up.
Posted on 3/24/22 at 3:38 pm to saintforlife1
Translation:
We're already making a shite-ton of money for our investors. Why do you want us to work harder for the same shite-ton amount?
We're already making a shite-ton of money for our investors. Why do you want us to work harder for the same shite-ton amount?
This post was edited on 3/24/22 at 3:39 pm
Posted on 3/24/22 at 3:56 pm to Floating Change Up
quote:
We're already making a shite-ton of money for our investors
Are they?
Posted on 3/24/22 at 4:09 pm to saintforlife1
Yeah…… go to a bank and tell them you have 3 months to live but an 800 credit score and see how many give you a loan. Furthermore make that a loan for millions of dollars to build a home in an undesirable or uninhabitable area…..fukin joke
What these stooges don’t realize is they need to make big oil part of there plans to go green.
What these stooges don’t realize is they need to make big oil part of there plans to go green.
This post was edited on 3/24/22 at 4:12 pm
Posted on 3/24/22 at 4:12 pm to billjamin
Anyone in the oil industry that went through the many boom/bust from the 80 till now knew this…
I never had a place I entered “president” when running my economics to decide on the project.. and we always had “policies” to work around… owls ..lizards ..panthers…
economics…final answer
I never had a place I entered “president” when running my economics to decide on the project.. and we always had “policies” to work around… owls ..lizards ..panthers…
economics…final answer
Posted on 3/24/22 at 4:19 pm to saintforlife1
quote:
said one executive at an unnamed exploration and production firm,
This is how you know you're being gaslighted. Same ole unconfirmable bullshite.
Posted on 3/24/22 at 4:21 pm to saintforlife1
This is because they lied to investors about how profitable fracking was gonna be
Posted on 3/24/22 at 4:29 pm to OysterPoBoy
quote:
Investing in oil hurts your ESG score.
ESG issues is in the graph.
Vast majority is companies are taking profits and not investing in drilling. They took a hit when oil tanked due to covid and are likely being cautious. Especially with economic recession looming in near future. Investing in drilling now will backfire in 6 months when oil tanks due to lack of demand
Posted on 3/24/22 at 4:42 pm to saintforlife1
I personally work for a major and there is core of truth to this. There is huge pressure from investors to limit capital outlay and maintain/increase shareholder return but this too is cyclical. The missing piece is that it's way more expensive to go out and get the oil than it was 3 or 4 decades ago coupled with the environmental constraints its a killer. The days of upping long term production with low hanging fruit and no regulatory interference is gone. We aren't allowed to make hay while the sun shines any more.
The real answer: All of the above.
The real answer: All of the above.
This post was edited on 3/24/22 at 4:45 pm
Posted on 3/24/22 at 4:50 pm to msap9020
quote:
I personally work for a major and there is core of truth to this. There is huge pressure from investors to limit capital outlay and maintain/increase shareholder return but this too is cyclical. The missing piece is that it's way more expensive to go out and get the oil than it was 3 or 4 decades ago coupled with the environmental constraints its a killer. The days of upping long term production with low hanging fruit and no regulatory interference is gone. We aren't allowed to make hay while the sun shines any more.
The real answer: All of the above.
Correct statement. My client's XOM shares are finally back to the price it was 3 years ago. Shareholders and investors got burned over the last 2 years. Just that it will take years to heal. Biden policies doubling that time frame.
Posted on 3/24/22 at 4:52 pm to OysterPoBoy
quote:
Investing in oil hurts your ESG score.
ESG is some evil shite and I am seeing it creep more and more into the energy and chemicals sector. Some of the things I have to answer about our company now are crazy.
This post was edited on 3/24/22 at 4:53 pm
Posted on 3/24/22 at 4:59 pm to LSUBanker
Biden policies doubling that time frame.
Please give me the specific policies and economics you ran .. it is double… and not 1.8 times… or 2.2 times?
Btw my oil stock I recently invested in are up
Over 80-100 percent… learn to invest better.
Please give me the specific policies and economics you ran .. it is double… and not 1.8 times… or 2.2 times?
Btw my oil stock I recently invested in are up
Over 80-100 percent… learn to invest better.
Posted on 3/24/22 at 5:08 pm to GumboPot
quote:
Because they know the risk. The Biden administration has the inclination to shutdown O&G projects on a whim.
Change to a O&G favorable administration then money will be thrown at O&G projects.
This!
Are there really folks who don't understand. Biden and other leftists in power are the primary cause.
Biden is many things...all of them rooted in lies, corruption, extreme weakness, self-aggrandizing , etc.
This post was edited on 3/24/22 at 5:21 pm
Posted on 3/24/22 at 5:17 pm to saintforlife1
quote:
The top reason domestic energy production hasn’t ramped up isn’t Joe Biden’s green energy agenda, according to oil company executives. Instead, it’s a lack of enthusiasm from investors.
Well who tf would invest in OG with this administration?
Posted on 3/24/22 at 5:21 pm to Barbellthor
quote:
Well who tf would invest in OG with this administration?
Fortunately or unfortunately depending on your political leanings and referencing my post above, we had a lot of the same constraints during the Trump administration.
Posted on 3/24/22 at 5:27 pm to saintforlife1
quote:
A majority of oil and gas executives surveyed by the Federal Reserve Bank of Dallas this month pointed to pressure from investors as the top obstacle to growth. Less than 10% blamed government regulation.
Government regulation is behind all of those.
Posted on 3/24/22 at 5:30 pm to msap9020
quote:
we had a lot of the same constraints during the Trump administration.
Yes, I'm sure an administration that had us as a net exporter of OG for the first time, what, ever was it, is "a lot of the same" as the administration that literally ended a major pipeline and made promises to throttle down OG, and whom unions immediately regretted endorsing.
The point is not that there has not been a push toward green generally under any given administration, but that President Trump's administration was absolutely more OG than Biden's, and Biden would disincentivize OG production.
Posted on 3/24/22 at 5:36 pm to LSUfanNkaty
quote:
lmfao yeah you are smarter than oil and gas execs
This post was edited on 3/24/22 at 5:37 pm
Posted on 3/24/22 at 5:39 pm to Cocotheape
quote:
Do you think ESG investors wouldn’t exist without a D in the White House? These same pressures existed during the Trump presidency as well…
Do you know what the avergae price of WTI has been since 2015?
$53.92/bbl from Jan 2015 - Feb 2022
No shite no one wants to invest in oil and gas companies, everyone literally lost their arse for the last ~7 years.
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