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re: I'm a Republican that wants to vote for Trump but.........
Posted on 4/5/23 at 8:58 am to oldcharlie8
Posted on 4/5/23 at 8:58 am to oldcharlie8
quote:
In terms of the oil field, someone convince me. during trumps term, it was the worst downturn in the oilfield's history. a ton of companies filed bankruptcy and some no longer exist because of it. today....we are busier than we've ever been.
It was because of Trump policies that the oil industry was decimated. He bragged in his speech last night that he achieved energy independence and Biden somehow let it disappear while the opposite is actually true.
At some point people have to realize the man just makes up stories.
But to think this boom won’t have a bust directly contradicts conventional wisdom. IMO gas prices have to propped up high enough to protect US companies from cheap oil flooding the market. Trump was unwilling to do that.
1
Posted on 4/5/23 at 9:00 am to oldcharlie8
President Trump signed all of those oil permits, but companies pumped oil out of capped wells? Sorry, that doesn't pass the sniff test. Have a good day.
Posted on 4/5/23 at 9:00 am to LNCHBOX
quote:
Hmmm I wonder what fricking what happened during Trump's term that could have had an impact on that
600+ companies filed for bankruptcy prior to 2020. This wasn’t Covid, this was bad energy policy. Covid certainly put the nail in the coffin for some companies but that damage was done way before that.
Posted on 4/5/23 at 9:03 am to oldcharlie8
quote:
I'm a Republican
BS. you've always defended democrats here in our past run-ins.
you are fooling nobody. liar.
obama fricked me when he was in and so has biden so far with his GREEN NEW DEAL BS. funny my worst times were under YOUR beloved democrats in O&G.
quote:
during trumps term
we were blowing and going. not sure WTF you were doing. do you have any clue what de-regulation does? DO you know he was the first to get ANWR open? before your boy biden closed it? Your boy biden and obama also shutdown keystone XL.
quote:
we are busier than we've ever been.
riiiiiiiiiiiight. complete and utter BS. just because you may be working right now like me on overseas projects does mean this is this aboom! LOL. delusional. your boy biden wants fossil fuels gone. and you vote for this shite.
Posted on 4/5/23 at 9:03 am to oldcharlie8
quote:
In terms of the oil field, someone convince me.
Biden's shitty policies are a big help to oil prices and existing plays in the short term. It's undeniable. But what about getting work in New Mexico over the next 10 years? Those jobs matter too.
Posted on 4/5/23 at 9:04 am to RobbBobb
Posted on 4/5/23 at 9:05 am to oldcharlie8
quote:
2016-17 was the worst layoff period in the patch that i've ever seen. truth.
nope keep lying
we were blowing and going then. we had work back then in GOM (which we don't now), alaska and nova scotia and south america.
This post was edited on 4/5/23 at 9:11 am
Posted on 4/5/23 at 9:05 am to Motownsix
quote:
600+ companies filed for bankruptcy prior to 2020. This wasn’t Covid, this was bad energy policy. Covid certainly put the nail in the coffin for some companies but that damage was done way before that.
Putting the fossil fuel industry out of business sounds like a great policy improvement. You should vote for biden again or whatever replacement puppet they want to install.
Posted on 4/5/23 at 9:07 am to Motownsix
quote:
It was because of Trump policies that the oil industry was decimated.
What the frick are you talking about. Decimated? In 2017 we produced 8500 BBL/D/1K and before covid we were up to almost 13000. You are an absolute moron.
Posted on 4/5/23 at 9:09 am to TeLeFaWx
quote:
Biden's shitty policies are a big help to oil prices and existing plays in the short term. It's undeniable
yup but he lives in a bubble. he is not looking at GOM plays, shale plays public and private, or overseas plays, nor is he looking at downstream, midstream and upstream.
hey let's shut down some midstream stuff and cancel leases on drilling on public lands here. of course it will drive up prices if you cannot drill here like before...because people are saying frick the green new deal and drilling off the coast of africa and south america. most all my stuff is in south america right now. not the GOM.
This post was edited on 4/5/23 at 9:16 am
Posted on 4/5/23 at 9:10 am to Fat Bastard
quote:
nope keep lying
we were blowing and going then
bullshite. everyone in the gulf was in survival mode.
Posted on 4/5/23 at 9:13 am to Motownsix
quote:
600+ companies filed for bankruptcy prior to 2020. This wasn’t Covid, this was bad energy policy.
Those bad energy policies came before Trump was in office, and the downturn was already being predicted at the end of the Obama administration.
quote:
But 2015 was the year that job gains in the energy sector came to a screeching halt as rock-bottom oil prices triggered layoffs of more than 258,000 workers globally, according to a comprehensive analysis by industry consultant Graves & Co. And the energy business is poised to endure a fresh round of job cuts and bankruptcies in early 2016, analysts say.
The number of active oil and gas rigs in the U.S. fell 61% to 698 as of Dec. 31, compared to a year earlier, according to Baker Hughes Rig Counts.
December 2015 report and 2016 outlook
Posted on 4/5/23 at 9:14 am to oldcharlie8
quote:
everyone in the gulf was in survival mode.
wrong. but they are now. if not done thanks to your boy biden. see my posts above. you are making my points for me.
Posted on 4/5/23 at 9:16 am to Fat Bastard
quote:
wrong. but they are now. if not done thanks to your boy biden. see my posts above. you are making my points for me.
what sector do you work in? we are busy as shite.
Posted on 4/5/23 at 9:23 am to oldcharlie8
quote:
the entire car is made of oil. the 5-6 quarts that the engine needs is simply peanuts
the car parts are made once
the quarts are used on an irregular basis depending on the owner
yet the oil industry product that is used daily by hundreds of millions of govt, private, research, non-profit, corporate, and public vehicles, you failed to mention
Odd
Posted on 4/5/23 at 9:26 am to oldcharlie8
You mean when Covid hit and the world over reacted and stopped driving for two or more months and demand went to near zero?
That’s a micro not macro issue.
That’s a micro not macro issue.
Posted on 4/5/23 at 9:28 am to Mid Iowa Tiger
quote:
You mean when Covid hit
no. before covid.
Posted on 4/5/23 at 9:33 am to oldcharlie8
It was way worse once Covid came in. The bankruptcies had been building due to companies over leveraging themselves to attack shale drilling.
It wasn’t a Trump issue it was the typical oil companies run like hell to the peak and the plunge off.
Maybe this report - Haynes Boone Oil Company Bankrupcies
Will shed some light on it for you. The issue was industry driven not politically driven.
It wasn’t a Trump issue it was the typical oil companies run like hell to the peak and the plunge off.
Maybe this report - Haynes Boone Oil Company Bankrupcies
Will shed some light on it for you. The issue was industry driven not politically driven.
Posted on 4/5/23 at 9:41 am to tivey6301
quote:
Might it have been an issue with the company you worked for? Because, there was a TON of drilling going on to get us to the point of being energy independent and exporting more oil than we used
Not while Trump was president. Name one domestic energy industry stock that did well while trump was president? Sandridge went bankrupt in 2018, Chesapeake in 2019, Noble, Devon, and Gulfport 2018?
If you bought Exxon in 2016 it was worth half the price in 2020.
Posted on 4/5/23 at 9:54 am to oldcharlie8
You were doing good until BUT. They way some people think blows my ming
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