Gas prices are high. Oil CEOs reveal why they're not drilling more

FFS man. You didnt read the OP or the links it contains.

If you want to debate something, make sure you actually read it.

 

Let me explain your own post to you.

1. Capitalism involves investing capital and investing capital involves risk.

2. The current climate with Biden in charge has increased the perceived risk, if not the actual risk, of investing capital in oil production. Making investors less eager to risk capital increasing supply.

3. The only solution to high gas prices, inflation notwithstanding, is to increase supply or decrease demand. The old supply and demand thing. You got it half right. Of course decreasing demand will have a ripple effect on the entire economy. Given the role oil plays in things like food production it is likely demand will not decrease in a way that will lower prices and prices will continue to climb.

 

I did read the propaganda. The tricks are easy to spot. They took one special question respondent and built a propaganda piece around it. Notice they left out the other response from that same question? And you understand this was a limited survey of Texas oil firms right, and not all of them, right? It does not speak for the entire gas/oil sector. Sorry, you got duped by propaganda.

"I feel that the primary reason that publicly traded oil producers are restraining growth despite high oil prices is a two-headed monster, with capital discipline and governmental regulations due to the green progressives in the administration’s ear."

"The answer to the primary reason that publicly traded oil producers are restraining growth despite high oil prices is a combination of investor pressure, ESG issues, government regulation and lack of growth capital."

"The administration is still restricting our control on how we operate our wells. We are governed by the Texas Railroad Commission, which is enough authority over us. The administration has no clue about the oil and gas industry."​

 

Communists always view those producing the goods and services we require and expecting a profit in return as greedy.

 

I would doubt just Biden and dems are the only ones who want more oil production.
I as an indy want more. I bet R's also would like more.

 

Fascists always side with corporate profits over people.

 

do you have that quote, using the word 'ALL'? I think you're making stuff up.

 

And demagogy and authoritarianism.

 

Got other conspiracy theories you want to share.
Show where there's an attempt to destroy the petroleum industry within the next 20 or 30 yrs. HINT: It can never ever happen in that time frame. Assuming you are 50 0r older.

 

It is hard to imaging where some get so much bad information that makes then seem not knowledgible.
Maybe it's QAnon websites? Or is faux tv that bad at real information?

 

So, increased profits to the US oil companies have nothing at all to do with Oil CEOs not ramping up production?
After years of losing money?

Please give us the real reason then!!

 

According to the OP, Republicans taken control of Congress, would make no difference.

 

Here you go. She forgets to mention the taxes, regulations and restrictions Biden placed on oil and gas companies.

 

On of the people who made millions from corporate profits, and even passed laws so certain corporations can make big profits, is Nancy Pelosi. Her husband just purchased a few million $$$ of Tesla stock. I’m guessing Pelosi has her usual insider thing going on where she knows Biden is going to cripple gas prices even more which would make Tesla, a company Brandon hates, a good stock buy.

 

Yah it takes a real insider to know dems are promoting renewable energy and electric cars lol

 

"high gas prices. Oil company CEOs say Wall Street is to blame."

it's true, greedy ceo's do not want to raise supply to sell oil for less

 

Why now and not before?

 

so Trump reduced foreign supply during covid to save oil company profits and this is how they pay us Americans back... Sad!

 

And neither of your two, stated concerns of the oil industry, can be blamed on Biden.

 

I dont know what you mean.

 

Where is the statement that her and Biden said Putin is responsible for ALL the increase?

 

You’re nit picking. Both Psaki, Biden and the media have religiously blamed Putin for the gas hikes even though the price of gas was already rising before Putin even thought about invading another country. Not one Democrat ever blamed the taxes, regulations and restrictions Biden put into place the moment he got into office.

 

Why didn’t Pelosi buy Tesla stock last year, why now?

 

No, that is you making it up.
Else you'd provide the actual quotes. Your video didn't even back up your claim.
Gas prices were high before the Ukraine invasion. But did go up more after the invasion.

Prices are high because demand is exceeding supply. That is how prices work.
That is precisely what the OP is about.

Even you admit gas prices were high before Putin, so you don't actually back up your own claim.

 

Huh? You have Big Red blaming it on Putin. Also, rising prices before the invasion is just more proof of prices rising under Biden, don’t you get it?

none of it is Biden’s fault, just ask him.


Biden slams ‘Putin’s price hike’ as high gas prices add to Democrats’ woes
https://www.cnn.com/2022/03/09/politics/biden-gas-prices-democrats-2022/index.html