Posted on 03/03/2022 4:49:23 PM PST by ChicagoConservative27
On Thursday’s broadcast of MSNBC’s “Andrea Mitchell Reports,” Sens. Mark Warner (D-VA) and Jeanne Shaheen (D-NH) argued that oil companies are not producing as much as oil as they could to keep the price high and these companies need to increase production to help combat Russia’s energy wealth.
After both Senators called for an embargo on Russian oil, Shaheen said, “I know there’s hardship on the American people and on everybody who is affected by these high gas prices, but the other thing we need to do is we need to call on our CEOs of the major oil companies to stop sitting on production and increase production. They’ve been sitting on the amount of production because they want to keep the price high. Well, the world needs them to respond now as well. They need to do this so that they can support the free world as we’re trying to fight this tyrant who is trying to put — capture the democracies of the world. And so, we need to all stand together here.”
(Excerpt) Read more at breitbart.com ...
We need a couple CEOs to stand up and call these idiots out for their lies.
Oh boy. Who would let oil ready to be produced sit in the ground at this price?
Only Biden.
Two capitalist hating Commies.
The keyboard hasn’t been invented that could describe the hypocrisy of these two fook’n idiots.
Oh NOW they love oil.
Maybe the oil companies are doing their part to combat Climate Change.
Greta may cast a hex on them.
Alberta could do a lot, but punishing Albertans for merely existing is the Quebec run federal government priority.
Andrea, it’s good for the Earf.
Only about eight months to the 2022 election folks and the Democratic pollsters must be bearing bad news.
So says Warner, one of the richest people in government.
The fact is that frackers are being starved of capital because of the regulatory risk of putting a big bet on oil and gas only to have Fedzilla wipe it out by decree.
“we’re trying to fight this tyrant”
Which one? Brandeau or Brandon?
Mark could push to open the VA coast to drilling, but he would prefer pushing air instead.
“NOW they love oil.”
Isn’t that the truth? NOW COVID is over. NOW they are in love with oil. What’s next? They will hate solar and wind?
What banker in his right mind would invest in oil? Keystone XL - cancelled and the financiers left with a worthless $10 billion IOU. NordStream 2 cancelled and another $10 billion scrapped.
In this insane political environment. you have to be even more insane to finance oil projects.
It is always the same with these retard democrats. They create the problem and then blame others for the results of their actions. Sheehan and Warner are two of the worst. They are so slimes maybe we should put them in a ringer and squeeze out the slime to use for oil. Would probably help a lot there is so much.
Exactly . Thanks for putting it so concisely.
It takes time and money to ramp up production. From Reuters a few days ago:
Changes in oil futures prices generally filter through into changes in drilling activity with a lag of just under 20 weeks.
The explanation is that it takes four-to-five months for producers to see if price changes will be sustained before deciding to alter the drilling programme, contract with drilling firms, wait for rigs to arrive on site, set up and begin boring.
Current drilling rates therefore reflect prices in September–October 2021, when front-month futures were trading around $70–80 per barrel.
On average, it will take another six months for wells being drilled at present to be fractured, completed, hooked up to gathering systems and enter commercial production, which should keep output rising through at least August.
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