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Posted on 4/16/26 at 2:03 pm to ragincajun03
It’s all fine and good to drill and produce. That can be spooled up in relatively short order.
Without the pipelines to distribute the oil, though, what’s the point? Trucks can work to a degree, but pipelines are the critical path.
And, since these take time and FERC is a function of whatever party is in power, I sure as hell would need a lot of convincing to put big chips in on getting them approved after 2028.
Want a list of pipeline projects that were abandoned during the Biden administration?
Without the pipelines to distribute the oil, though, what’s the point? Trucks can work to a degree, but pipelines are the critical path.
And, since these take time and FERC is a function of whatever party is in power, I sure as hell would need a lot of convincing to put big chips in on getting them approved after 2028.
Want a list of pipeline projects that were abandoned during the Biden administration?
This post was edited on 4/16/26 at 3:49 pm
Posted on 4/16/26 at 3:03 pm to kingbob
OPEC governs the cost per barrel.
Either cut ties with OPEC and agree to US oil at a reduced price or put pressures on OPEC.
Either cut ties with OPEC and agree to US oil at a reduced price or put pressures on OPEC.
Posted on 4/16/26 at 3:09 pm to Cuz413
quote:
Did the White House not plan for higher gas prices as a contingency before going to war?
They did. But for a short time. Now that some are suggesting these prices will linger longer, possibly to Election Day, they have a problem on their hands.
Posted on 4/16/26 at 8:11 pm to Penrod
quote:
What current supply?
quote:
1.4 billion barrels are on the seas, waiting to be unloaded at a port
Posted on 4/16/26 at 8:14 pm to RobbBobb
quote:
1.4 billion barrels are on the seas, waiting to be unloaded at a port
Okay? How will the oil company CEOs help with that?
Posted on 4/16/26 at 8:25 pm to Penrod
quote:
How will the oil company CEOs help with that?
Why do you post if you have no clue what is going on?
quote:
Jan. 29 the Treasury Department issued General License Number 46, which carves an exception out of U.S. sanctions on Venezuela’s oil sector for U.S. companies to engage in certain oil-related transactions with the Government of Venezuela
quote:
US allows sale of Russian oil stranded at sea
quote:
US allows sale of Iran oil at sea in bid to tame prices
Posted on 4/16/26 at 8:32 pm to RobbBobb
All great things that don't address what we're discussing, which is Trump pressuring oil companies to produce more.
Venezuela is being exploited, although we are just rerouting that oil. We can't increase Venezuelan production materially in the short term.
The Russian and Iran oil is being desanctioned by the president. Don't need oil company ceos for that.
Venezuela is being exploited, although we are just rerouting that oil. We can't increase Venezuelan production materially in the short term.
The Russian and Iran oil is being desanctioned by the president. Don't need oil company ceos for that.
Posted on 4/17/26 at 9:45 am to uziyourillusion
Tell me you know nothing about the oil and gas business with saying so directly. It can take years to explore, evaluate, and start production on new leases. If anything, the uptick in production under JoeTato was from leases permitted by 45 just coming to production.
Posted on 4/17/26 at 9:49 am to Penrod
quote:
All great things that don't address what we're discussing,
bullshite
The thread is titled: White House calls oil CEOs as energy prices squeeze voters
The calls to the CEO is about lowering prices as quickly as they raised them. Their excuse that "drilling" plans will take more time to accomplish that is blatant gamesmanship, and Trump is justified in calling them out. Especially with the glut of oil sitting offshore that everyone now knows about. Except the oil company CEOs
Posted on 4/17/26 at 10:13 am to RobbBobb
quote:
The calls to the CEO is about lowering prices as quickly as they raised them.
The oil company CEOs raised oil prices? That’s interesting.
Those morons should have used that power then during the Covid oil market crash.
Posted on 4/17/26 at 10:44 am to RobbBobb
quote:
The calls to the CEO is about lowering prices as quickly as they raised them.
CEOs didn’t raise prices; they were raised by you and me and everyone else whose desires make up the demand curve, and by the decrease in supply that occurred due to the war. Now, prices are plummeting because the war threat seems to be dissipating. That’s the way a free market works.
Posted on 4/17/26 at 10:46 am to bluedragon
quote:
Either cut ties with OPEC and agree to US oil at a reduced price or put pressures on OPEC.
Cut ties with OPEC? OPEC (Organization of the Petroleum Exporting Countries) is a cartel, the USA is not a member or has any "ties" to OPEC. How tf would the USA put "pressure" on OPEC to buy oil at a price other than the market price (they are also exporters, literally in the E in OPEC)? OPEC attempts to control the market price by setting production quotas among the member countries. You may need to read a book about oil and gas
This post was edited on 4/17/26 at 10:53 am
Posted on 4/17/26 at 10:51 am to ragincajun03
quote:
The oil company CEOs raised oil prices? That’s interesting.
Those morons should have used that power then during the Covid oil market crash.
its insane how the majority of the people posting in this thread have literally zero idea how oil markets operate, or commodity market dynamics in general
This post was edited on 4/17/26 at 10:52 am
Posted on 4/17/26 at 12:23 pm to ragincajun03
quote:
The oil company CEOs raised oil prices? That’s interesting.
hmmmm
quote:
Oil producers who want to sell oil in the future, can lock in their desired price by selling a futures contract. Alternatively, if consumers need to buy crude oil in the future, they can guarantee the price they will pay at a future date by buying a futures contract from oil producers. This means the price of gasoline is driven largely by the laws of supply and demand.
And who are these oil producers? The ones that have CEOs that set prices for their oil in the future?
They are pricing based on demand, when there is currently a glut sitting offshore that they are not factoring in to futures contracts,
Odd aint it that they sold oil futures based on their prediction of a shortage due to war, yet we never had a shortage with all the Russian, Venezuelan and now Iranian oil just sitting there. Oil CEOs didnt even have to drill for the current supply. Yet they are demanding "shortage" prices per barrel currently
quote:
Oil Prices Sink 10% as Trump Announces Strait of Hormuz is Fully Open
By Michael Kern - Apr 17, 2026, 8:25 AM CDT
Funny how significantly the price drops without any increase in production. They know Trump will force them to intake the glut of oil waiting to be offloaded. In June oil was $75 a barrel, now its $83
Posted on 4/17/26 at 12:25 pm to Penrod
quote:
Waste of time. First, drilling can’t help with a short term price problem, and second, oil execs aren’t going to do something that’s not in their companies’ interest.
Especially when production is technically condensate and not crude oil
Posted on 4/17/26 at 12:28 pm to Night Vision
quote:
Stop exporting refined oil.
We have always exported refined PRODUCTS.
Posted on 4/17/26 at 12:30 pm to ragincajun03
Part of the problem is the constant hollering that we are energy independent. Numbnuts think that this means crude oil independent.
Posted on 4/17/26 at 12:40 pm to winkchance
quote:
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.
Oil companies played the PR game, no more, no less.
You are one of the numbnuts who Hollyweird has been targeting with "Big Oil screws everyone" since the 1970s
Posted on 4/17/26 at 12:41 pm to RobbBobb
quote:
Odd aint it that they sold oil futures based on their prediction of a shortage due to war, yet we never had a shortage with all the Russian, Venezuelan and now Iranian oil just sitting there. Oil CEOs didnt even have to drill for the current supply. Yet they are demanding "shortage" prices per barrel currently
jesus dude 20% of the world petroleum supply was cut off for a month and a half, do you think that impacts supply in the short term?
quote:
Funny how significantly the price drops without any increase in production.
its really not funny if you have an iq over 75
This post was edited on 4/17/26 at 12:43 pm
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