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Posted on 5/29/26 at 7:36 am to Gee Grenouille
The only way to effectively curb demand is to raise prices
Posted on 5/29/26 at 7:38 am to C
quote:
Exxon executives joined other large oil bodies warning of record low inventories
So oil companies are stoking fears to drive up prices.
Big surprise... i would never have guessed.
Just maybe ....maybe they are tryimg to maximize their profits?
Posted on 5/29/26 at 7:39 am to C
We have a mechanism that automatically does what you suggest. It is the supply and demand curves for the various types of oil and refined products. We don’t need statists interfering.
Posted on 5/29/26 at 7:41 am to Trevaylin
quote:
Why not just reduce export shipments to maintain the American economy and life style. Let the European carbon elimination nazi's go without
Because if we did that there would be recession in Europe and Asia, which would cause recession in their highly interconnected markets…like America.
Posted on 5/29/26 at 7:43 am to RedSoloSpitCup
quote:
I wondered why companies were so adamant about people returning to the office.
quote:
Companies wanted to evaluate which of their employees have the interpersonal skills to do something else.
This wasn’t one of the reasons.
quote:
Overall productivity went down with WFH.
This was the reason.
Posted on 5/29/26 at 7:49 am to Penrod
quote:
Overall productivity went down with WFH.
You guys got a stat for that? That was not the case for the company I worked for at the time. I mean, it couldn’t possibly be companies wanting to actually use the buildings where they have billions of dollars of investment…
Posted on 5/29/26 at 7:51 am to j1897
Oil inventories in America is the SPR, the only ones that should concern us. World inventories are their issues as they take their situations for granted because everyone assumes America will ride in and save the day, it is why the need for stockpiles exists. China has an estimated 2 billion barrels. But your ability to discern that is why malcontents bitch
Posted on 5/29/26 at 7:58 am to C
quote:
Trump and other leaders should start pushing work from home and other behavior changes to reduce demand until inventories recover
Or we could just drill and pump more
Posted on 5/29/26 at 7:59 am to C
quote:
it’s an issue that’s going to carry to midterms when everyone is paying $6-$10 for a gallon.
lol oil just dropped to 87 a barrel
Gas isn’t going to 10 dollars
Posted on 5/29/26 at 7:59 am to CaptEasy
quote:
‘Working” from home is such a crock of shite
Why is that?
Posted on 5/29/26 at 8:01 am to C
quote:
Trump and other leaders should start pushing work from home and other behavior changes to reduce demand until inventories recover.
I don’t feel like rewinding six years back.
Posted on 5/29/26 at 8:02 am to Nosevens
quote:
Oil inventories in America is the SPR
No, inventories is not the exact same as the SPR.
This post was edited on 5/29/26 at 8:10 am
Posted on 5/29/26 at 8:08 am to Dustydubs
quote:
If you can “work from home” AI can easily replace you.
Look, I hated the work from home era, as I actually enjoy being around at least most of my coworkers.
But I can negotiate oil & gas agreements and talk with government agencies on various regulatory issues while sitting in my comfy living room chair watching a Cajuns baseball game. AI going to start handling those job duties because I can do it from home?
Posted on 5/29/26 at 8:10 am to AllbyMyRelf
quote:
The only way to effectively curb demand is to raise prices
Yes the simple law of supply and demand in economics.
Yet no one wants to invest in Venezuela, where they have tons of oil.
Posted on 5/29/26 at 8:12 am to ragincajun03
LINK
People conveniently forgot about this.
People conveniently forgot about this.
quote:
At its low point in July 2023, the SPR was drawn down by 288 million barrels, although some of that was due to congressionally-mandated sales. Since then, the Biden Administration has made a few purchases to put oil back in the SPR. But, as of the week ending July 19, SPR levels had only risen 27.7 million barrels from the low point. That is only 9.6% of the oil that was removed from the SPR.
Today, the SPR is still 260.6 million barrels below the level it was when Joe Biden was inaugurated. There is an obvious disconnect in that and what is being reported.
Posted on 5/29/26 at 8:14 am to antibarner
quote:
People conveniently forgot about this.
What does any of that have to do with the topic? This isn’t about the SPR or Biden.
Posted on 5/29/26 at 8:15 am to C
There isn't a shortage of crude.
There is a shortage of new refineries.
There is a shortage of new refineries.
Posted on 5/29/26 at 8:16 am to BeeFense5
Are you addled? 
Theyre crying about oil inventories and Trump. Yet when Biden did it...nothing.
Theyre crying about oil inventories and Trump. Yet when Biden did it...nothing.This post was edited on 5/29/26 at 8:17 am
Posted on 5/29/26 at 8:19 am to antibarner
quote:
Are you addled? Theyre crying about oil inventories and Trump. Yet when Biden did it...nothing.
Are you retarded? This is a global issue.
This is not a Trump vs Biden thing. What the frick is wrong with you?
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