re: White House calls oil CEOs as energy prices squeeze voters

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Oil producers who want to sell oil in the future, can lock in their desired price by selling a futures contract.

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Yes, that quote from Google AI is true. Oil producers who want can lock in prices, hedging in case of a price decline, if they choose. Some do, some don’t.

That’s got jack shite to do with the price on the market from day to day that E&P CEOs have no control over.

"Nancy Guthrie" their wives until those greedy basturds lower prices.

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that E&P CEOs have no control over.

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How the big oil and gas CEOs think the Iran war supply disruption will play out

Just a entire line of BS forwarded by CEOs to drive up oil prices

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They warned that the disruption is bigger than the markets understand and prices are unlikely to return to pre-war levels soon.

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horseshite

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Security experts said escalation of the war is likely. The conflict could break the Gulf Arab nations economies.

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Fearmongering

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They warned that the market is not reflecting the scale of the disruption to oil and gas supplies.

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Because very few are buying their bullshite

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Oil prices are likely to remain high even if the conflict ends as countries restock depleted reserves, they said.

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Except for the 1.4B barrels sitting in tankers, they mean

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“You just can’t take 8 to 10 million barrels a day of oil and 20 or so percent of the [liquefied natural gas] market off the world stage without having some significant repercussions,” ConocoPhillips CEO Ryan Lance told CERAWeek attendees.

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And yet that never happened

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“The costs of this war don’t stay within geographical lines in this region,” al-Sabah said. “They extend all the way through supply chain.”

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This is why Trump called them on their bullshite. Driving their own markets with unfounded fears

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“We’re in a de-facto situation where the Iranians are controlling the Strait,” Sankey said. “So the situation is extremely grave.”

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More lies to drive up prices

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Chevron CEO Mike Wirth the phsyical supply of oil is much tighter than prices in the futures market indicate. The market is reacting based on “scant information” and “perception,” the CEO said.

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Driven by lies from the CEOs. Theres an oil glut now, and none of them want to onshore that oil and allow prices to fall. Its up 49% and 55% just in the US markets. None of which was effected by supply or demand, because of the tankers fully loaded offshore

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The war is unlikely to end soon and the risk of escalation is high, said Vali Nasr, an Iran expert at Johns Hopkins University. Iran is not looking for a ceasefire with Trump, Nasr said. Tehran wants a grand bargain that gives them control of the Strait, economic compensation, and security guarantees, he said.

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And shite like this doesnt effect oil prices, amirite?

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Oil bases its prices on OPEC. The US can easily declare the US oil companies will sell below OPEC prices. But that would cause the dollar to fall the Petro standard.

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Your suggestion is to nationalize the US oil and gas industry?