re: Oil And Gas Executives Say It's Not Joe Biden Holding Back Domestic Production

That’s a pile of nonsense

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Investing in drilling now will backfire in 6 months when oil tanks due to lack of demand

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They're not overproducing so don't expect any price crash.

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Wow, this is an incredibly uneducated assumption and I hope you are the only one who believes this nonsense.

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So you are saying there is nowhere such as Alaska, California, and protected government owned lands where there wouldn’t be some easy oil to get to?

And I agree with many others in this thread that lenders/investors just aren’t that keen on spending large amounts of capital for O & G projects.

Example, sort of:

On the annual proxy for Citicorp that just came out, the Boards of Directors recommends a vote against
:Stockholder Proposal request8injg that the Board adopt a policy to end new fossil fuel financing."

I wonder how many other banks will have this on their proxies put up by "shareholders". Years ago it was a group of religious who owned very few shares and put the same things up on multiple companies' votes.

Brandon then starts importing 700,000 barrels of oil a day from Russia. When he starts feeling heat from it, he works on a deal for russia to give nukes to iran. His backup to that is to buy oil from venezuela. iran and venezuela are both russian puppet countries. Doing business with them is just like doing business with russia. Can you smell what Brandon is cooking?

Let Brandon pour the unprocessed sludge that comes from Venezuela in his car and let the smartest man he knows try to drive it.

If you try to tell the OT all of their problems are not somehow caused by Biden, it won’t end well.

BuH dA pRezIdEnt diD diS and dAts wHy mUh LyFe sUx!!!

“So you are saying there is nowhere such as Alaska, California, and protected government owned lands where there wouldn’t be some easy oil to get to?”

These are not water wells in you back yard and Jed already discovered all the easy oil when he was a huntin…

Alaska had a lease sale a while back and no one showed up.. the state leased the land with hopes that they could flip it …

We have places to drill… PUDs (proven undeveloped ) locations and large leases we have been holding rights to by having a single well drilled on it ( you can hold a large tract of land if you drill one well and produce it) by doing that it extends the lease contract time for full development…

Really it is just economic, risk and learning from past boom bust cycles of which we have had a lot..

Or the OT realizes that maybe there is dishonest statements on both sides. What does OG gain by slamming the pres what does the pres gain by accepting some blame? Maybe just maybe they are playing the same game? One vying for votes the other shareholder returns