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Message
re: White House calls oil CEOs as energy prices squeeze voters
Posted on 4/16/26 at 9:24 am to TenWheelsForJesus
Posted on 4/16/26 at 9:24 am to TenWheelsForJesus
quote:
It's amazing how you people constantly bitch about something like high gas prices, but then also bitch when the administration does anything to fix what you were bitching about in the first place.
Is it bitching or just pointing out the hypocrisy of posters on this board?
0
Posted on 4/16/26 at 9:25 am to ragincajun03
Government creates problem of its own doing with shortsightedness. Government attempts to pressure private sector to fix the symptoms of the problem they created. Government takes credit if problem is fixed.
Posted on 4/16/26 at 9:25 am to RohanGonzales
quote:
You assholes constantly embarrass yourselves by looking at one event in isolation.
Well, it is a singular topic thread so....
Posted on 4/16/26 at 9:26 am to Penrod
quote:
This has nothing to do with slow rolling anything.
Oil companies can offload the current supply of oil. Reduce current prices at a rapid pace, WHILE their longer term goals go into effect
It aint rocket surgery
Posted on 4/16/26 at 9:29 am to ragincajun03
Remove lease costs and bring down regulation and bureaucracy to reasonable level and the oil companies will drill like crazy.
Posted on 4/16/26 at 9:32 am to RohanGonzales
quote:
They are not calling on them to "rescue" them. They are having a God damned meeting.
Is that the only event going on today?
You assholes constantly embarrass yourselves by looking at one event in isolation.
TDS does that to folks!
Posted on 4/16/26 at 10:08 am to ragincajun03
Can we just run a crude pipeline through the UAE peninsula?
Posted on 4/16/26 at 10:10 am to TenWheelsForJesus
quote:
It's amazing how you people constantly bitch about something like high gas prices, but then also bitch when the administration does anything to fix what you were bitching about in the first place.
There must be a lot of joy in pointless bitching, but I've never felt it.
They fricking broke it and they want someone else to fix it. Stop carrying water for them.
Posted on 4/16/26 at 10:13 am to RohanGonzales
quote:
They are not calling on them to "rescue" them. They are having a God damned meeting.
About oil companies doing something to lower gas prices that are inflated due to the actions of the government. Did the White House not plan for higher gas prices as a contingency before going to war? And the public pushback?
Posted on 4/16/26 at 10:14 am to bayouvette
quote:
It's politico. Probably a routine meeting to discuss expanding drilling.
Yep. Politico loves to slant innocuous things.
Posted on 4/16/26 at 10:21 am to Penrod
The past four years of O’Biden declaring war on the oil and gas industry is to blame for a lot of the problems you outline. Canceled or slow playing lease sales, EPA’s regulatory overreach, and NGO roadblocks funded by our tax dollars, are all major reasons why we are where we are today.
Posted on 4/16/26 at 10:24 am to Cuz413
quote:
four people with direct knowledge of the call told POLITICO.
Whoa you idiots fall for it again
Posted on 4/16/26 at 10:57 am to ragincajun03
Oil companies were forces to take on the woke left into their ranks. They are still there and still hate trump. Oil did not learn from all the botched green energy BS that was shoved down their throat.
They took a knee during the Venezuela operations and still are holding back.
They took a knee during the Venezuela operations and still are holding back.
Posted on 4/16/26 at 11:03 am to winkchance
quote:
They took a knee during the Venezuela operations and still are holding back.
I don’t think the oil & gas industry is “taking a knee” and intentionally holding back in regards to Venezuela. Chevron is now increasing investment and production, and other companies are absolutely looking into investing money for added barrels.
You can’t just flip a switch and double or triple production overnight working with infrastructure that has been run into the ground and neglected for damn near two decades.
Posted on 4/16/26 at 11:18 am to Icansee4miles
Went from 11 million barrels of oil per day under Trump to over 13 under Biden. Multiple records broken under his admin. We’ve barely budged from 2024. Some war…
Posted on 4/16/26 at 11:19 am to RobbBobb
quote:
Oil companies can offload the current supply of oil. Reduce current prices at a rapid pace, WHILE their longer term goals go into effect
What current supply? Oil companies produce oil through a well choke, send it through a processing facility then through a sales meter into a pipeline. At that point, the oil is either owned by the pipeline company, or there is some kind of tolling. Either way, it is out of the oil company’s hands.
The pipeline company then ships it through pipelines, pump stations and terminals until they can sell it to a refinery or onto a tanker. There is very little storage along the route relative to the flow rate.
Refineries also ship it as fast as they can so they can get revenue. There is no strategic supply anywhere in the system that can be brought online other than in the SPR.
Posted on 4/16/26 at 11:21 am to ragincajun03
quote:
Energy Secretary Chris Wright and Interior Secretary Doug Burgum will urge the heads of top U.S. oil and gas companies in a call Thursday to increase drilling in a bid to lower oil prices, four people with direct knowledge of the call told POLITICO.
White House officials have invited the CEOs of Exxon Mobil, Chevron, Occidental Petroleum, Continental Resources and other major oil companies to Thursday’s call, according to two of the people, both of whom were granted anonymity because they were not authorized to speak with reporters.
Company representatives didn’t immediately respond to requests for comment.
In a statement, the White House said Burgum and Wright are in “constant communication” with oil and gas executives to push President Donald Trump’s energy dominance agenda.
“Having discussions with oil and gas executives to find ways to increase production is not breaking news – it is a regular occurrence. Since day one, the president has called on companies to ‘DRILL, BABY, DRILL,’” White House spokesperson Taylor Rogers said.
Admin bombs country, bombs have bad result, admin says oh crap, admin then yells at companies for charging to much and to bring the prices down ignoring the role they played.
Posted on 4/16/26 at 11:25 am to SDVTiger
quote:
four people with direct knowledge of the call told POLITICO.
Whoa you idiots fall for it again
Why are you responding to me and not the OP you dumbfrick?
Posted on 4/16/26 at 11:42 am to ragincajun03
Typical federal government BS.
Creates a massive problem ( high energy prices caused by the Epstein Excursion)
Then asks the private industry to clean up their frick up, which if these companies are bullied into cleaning it up, by offering lower prices, will only lead to fuel shortage, another bigger frick up.
I want Orange to help us have LESS government, not bigger, but conservative government.
Creates a massive problem ( high energy prices caused by the Epstein Excursion)
Then asks the private industry to clean up their frick up, which if these companies are bullied into cleaning it up, by offering lower prices, will only lead to fuel shortage, another bigger frick up.
I want Orange to help us have LESS government, not bigger, but conservative government.
Posted on 4/16/26 at 1:12 pm to uziyourillusion
quote:
Went from 11 million barrels of oil per day under Trump to over 13 under Biden. Multiple records broken under his admin. We’ve barely budged from 2024.
Well…cue Letterkenny, To Be Fair….
It’s going to get tougher and tougher to increase domestic oil output, just from a current infrastructure takeaway standpoint. Back when things really escalated for oil production under Obama’s second term and Trump’s first, operators, especially in the Permian, we’re practically lighting up gas flares on every street corner to burn off the almost worthless natural gas in order to pump the very valuable oil. Basically lighting a buck on fire to make 30 bucks. There wasn’t enough natural gas takeaway capacity.
Then states like New Mexico, which is part of the heart of the Permian, practically banned flaring statewide. And due to the EPA, especially during Biden era, and overall political pressure, companies started imposing self-limitations on flaring in Texas, even though Texas itself hasn’t banned or really restricted it.
There will soon be more natural gas pipelines from Permian to the Gulf Coast hubs coming online in the next couple years, but coinciding with that is much of the Tier 1 stuff has been drilled up. There are still other benches to be drilled in places like the Permian and Bakken, but those formations are going to have a higher gas to oil ratio, and potentially a higher water to hydrocarbon ratio as well. Therefore, more expensive to produce each additional barrel of oil.
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