To: Spok
Oil companies are just chilling out and enjoying the huge profits at these prices. They are in no hurry to collectively dramatically ramp up production and knock the prices down.
To: BiglyCommentary
[Oil companies are just chilling out and enjoying the huge profits at these prices. They are in no hurry to collectively dramatically ramp up production and knock the prices down.]
The last time oil went to the the moon, they jumped in with both feet, saw spot oil go negative and lost maybe $500b combined. If Uncle Sam wants guaranteed investment, it can provide guaranteed pricing.
12 posted on
05/08/2022 12:42:19 PM PDT by
Zhang Fei
(My dad had a Delta 88. That was a car. It was like driving your living room.)
To: BiglyCommentary
They are in no hurry to collectively dramatically ramp up production and knock the prices down.Quietly up the pumping. Make no announcements regarding the volume of production. Pretend the market is still tight, and enrich your stockholders at the shortage oriented pricing.
26 posted on
05/08/2022 3:28:13 PM PDT by
JimRed
(TERM LIMITS, NOW! Militia to the border! TRUTH is the new HATE SPEECH.)
To: BiglyCommentary
They are in no hurry to collectively dramatically ramp up production and knock the prices down.Quietly up the pumping. Make no announcements regarding the volume of production. Pretend the market is still tight, and enrich your stockholders at the shortage oriented pricing.
27 posted on
05/08/2022 3:33:18 PM PDT by
JimRed
(TERM LIMITS, NOW! Militia to the border! TRUTH is the new HATE SPEECH.)
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