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.
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.
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.
They should drill less to save the environment, isn’t that what the idiot in the White House wants
To the X.
If Biden cancels new leases and prevents drilling on current leases, oil companies are forced to ration the production of existing fields because the replacement oil has now become unreliable.
The oil companies cannot balance the production of oil with the discovery of replacement oil when Biden cancels their ability to replace oil, so it's in the oil companies' interest to restrict production rather than increase production with no guarantee of being able to replace that oil from new fields.
Psaki says the oil companies have plenty of undeveloped leases they can drill on. The oil companies have the leases, but that doesn't guarantee that there is oil on them, or that any oil is economically accessible. Depleting an oil reservoir has to be modeled and planned, so that over-producing doesn't damage the reservoir and actually make it produce less over time.
-PJ
That’s how oil works. There is more than gas stations.