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Why US gas prices are at a record, and why they'll stay high for a long time
https://www.cnn.com/ ^ | June 6, 2022 | By Chris Isidore, CNN Business

Posted on 06/08/2022 3:58:16 AM PDT by RomanSoldier19

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To: carriage_hill

You forgot:

Sequestering methane and carbon at the well head that caused, IIRC, -3M BPD of wells to be shut down.

Also intimidation of the banks to quite financing oil and gas projects.

Failure to issue permits to build roads, drill, install pipelines, etc. on existing leases.

Adding a requirement to do a climate impact study on any oil and gas projects (a major delaying tactic).

I likely have also omitted a few others...


41 posted on 06/08/2022 10:48:03 AM PDT by El Laton Caliente (NRA Life Member)
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To: Sequoyah101
Last week it was about 11.9 million barrels per day, up from last year by about a million barrels a day.

I've been trying to follow this in order to get a handle on what is going on. Every report I read states a different number.

What I'm trying to figure out is if production is up so high, what's causing the record prices of gas? Are we being screwed by the oil companies?

42 posted on 06/08/2022 1:09:25 PM PDT by Hot Tabasco (I'm Jimmy Crack Corn and I don't care)
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