Let's say the gop wins both the house and senate. With the majority what do you want to see your representatives do for the american people?

[LetsGoBrandon]

No, you clearly have not being paying attention to what oil sector executives are saying. They have no plans to return to precovid production levels in 2022. They are instead listening to their shareholders who want to recoup the money they lost. Shareholder ROI is their current focus not investing in production.

"Fifty-nine percent of oil executives said investor pressure to maintain capital discipline is the primary reason publicly traded oil producers are restraining growth, according to a Federal Reserve Bank of Dallas survey released Wednesday."


"Just 6% of executives polled by the Dallas Fed pointed to government regulations as the primary reason publicly-traded oil companies are restraining production growth."

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

If U.S. oil companies and OPEC fail to ramp up output, analysts have warned that energy prices will likely stay painfully high.

www.kcra.com

No respect to your silly CNN article. You clearly do not have the foggiest clue how the oil business works. Drilling is like an investment. It's a gamble. Some leases pay off, some don't. It works better when the government has the oil companies backs. We were energy independent in 2019. Then Biden comes along and starts shutting down pipelines, new leases on federal land, and offshore drilling. The oil companies are not the Salvation Army or Easter seals. They are not a charity They expect a return on investments. They are not going to take alot of risks if they are not at some level supported by the federal government.

 

[bongsaway]

it's not quite that easy. You clearly do not understand the oil business and how it's influenced by government.

Yeah, I've noticed though there seems to be plenty of experts about oil on the conservative side. It's influenced by speculation.

 

[LetsGoBrandon]

You mean by paying them to produce oil? Should we increase their subsidies? How would that bring down the world price of oil?

Yet again, you are completely clueless on a subject you are jumping into. Who said anything about subsidies? It would help if Dementia Joe would simply allow drilling leases to continue on federal lands and offshore.

 

[LetsGoBrandon]

Yeah, I've noticed though there seems to be plenty of experts about oil on the conservative side. It's influenced by speculation.

Learn about the oil business before you speculate on what you don't know.

 

[bongsaway]

No, you clearly have not being paying attention to what oil sector executives are saying. They have no plans to return to precovid production levels in 2022. They are instead listening to their shareholders who want to recoup the money they lost. Shareholder ROI is their current focus not investing in production.

"Fifty-nine percent of oil executives said investor pressure to maintain capital discipline is the primary reason publicly traded oil producers are restraining growth, according to a Federal Reserve Bank of Dallas survey released Wednesday."


"Just 6% of executives polled by the Dallas Fed pointed to government regulations as the primary reason publicly-traded oil companies are restraining production growth."

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

If U.S. oil companies and OPEC fail to ramp up output, analysts have warned that energy prices will likely stay painfully high.

www.kcra.com

Shareholders making a profit is the most important thing, even at the expense of the rest of us. There's a good documentary on youtube called the corporation, eye opening.

 

[bongsaway]

Yet again, you are completely clueless on a subject you are jumping into. Who said anything about subsidies? It would help if Dementia Joe would simply allow drilling leases to continue on federal lands and offshore.

The oil companies have thousands of leases they are not using to drill but it's much more fun to blame biden.

 

[Gateman_Wen]

Ok, the gop 'owns the libs', now what, drill baby drill? What is the gop going to do for the american people?

The best thing GQP reps and senators can do for this country is commit mass suicide, jim jones style.

 

[bongsaway]

Learn about the oil business before you speculate on what you don't know.

Oh really? Tell us if you would, what is causing the current rise in prices? Is there a worldwide shortage? A national shortage? Saudi arabia closed? Why aren't the oil companies using the leases they have to drill? They have thousands.

 

[Callen]

No respect to your silly CNN article. You clearly do not have the foggiest clue how the oil business works. Drilling is like an investment. It's a gamble. Some leases pay off, some don't. It works better when the government has the oil companies backs. We were energy independent in 2019. Then Biden comes along and starts shutting down pipelines, new leases on federal land, and offshore drilling. The oil companies are not the Salvation Army or Easter seals. They are not a charity They expect a return on investments. They are not going to take alot of risks if they are not at some level supported by the federal government.

Do your own research and you will see I am right. They are deliberately capping production to enhance shareholder value. I know it doesn't fit your preferred narrative but it's reality.

 

[LetsGoBrandon]

Do your own research and you will see I am right. They are deliberately capping production to enhance shareholder value. I know it doesn't fit your preferred narrative but it's reality.

I have done research and know people in the oil industry. And I don't google for idiotic op-eds from fake news sites like CNN.

 

[US&THEM]

Pave the way for Trump's Presidency.

What does that mean? Well, for starters, they can pass a bill requiring Biden to resume building the border wall. Of course, Biden won't sign the bill but maybe the GOP will have enough of a majority to override. If not, then every voter will know what'll happen when Trump is President again.

There are a slew of things a GOP Congress can do the get ready for Trump.

Ah yes remember when the GOP held all 3 and never funded the wall.

 

[Sand Castle]

I have done research and know people in the oil industry. And I don't google for idiotic op-eds from fake news sites like CNN.

Who do you know? A Jiffy lube tech

 

[LetsGoBrandon]

Oh really? Tell us if you would, what is causing the current rise in prices? Is there a worldwide shortage? A national shortage? Saudi arabia closed? Why aren't the oil companies using the leases they have to drill? They have thousands.

It's not rocket science. Putin's war on Ukraine is part of the current rise, however prices were rising before then. That was caused by increasing dependence from oil producing nations that do not necessarily like us. The price at my local gas pumps actually dropped under $2.00 a gallon at one point while we were energy independent in 2019. And no, there is not a worldwide oil shortage. There never has been. As for the existing leases in the US, maybe half of them have permits and all of them are a gamble. The oil companies are not as likely to invest as much in those gambles if the government does not have their back. They are not going to "drill ,baby drill" while the government is in effect going to war against them, by stopping new leases.

 

[LetsGoBrandon]

Who do you know? A Jiffy lube tech

 

[Mycroft]

Ah yes remember when the GOP held all 3 and never funded the wall.

Sure...that was when the GOP Elites still had power. That power is slipping away.

 

[Callen]

I have done research and know people in the oil industry. And I don't google for idiotic op-eds from fake news sites like CNN.

In other words you limit you knowledge to your preferred media outlets. These are not idiotic opeds....lots of articles out there quoting the execs. I would spoon-feed you but you are in your information bubble and uninterested in the facts. One particular article cites the President of Exxon on a guidance call and he was very, very clear. After the bath they took in 2020/21 they are 100% focused on restoring shareholder value and NOT going back to increased production at least until 2023. Profits will be spent on stock buybacks not restoring production levels. As for your oil buddies....how many are sitting in the boardrooms?

 

[HikerGuy83]

Ok, the gop 'owns the libs', now what, drill baby drill? What is the gop going to do for the american people?

Hopefully nothing.

Except what article 8 tells them to do.

Beyond that, everything they touch turns to crap.

I'd prefer to avoid that kind of help.

Since they tax me to do such a lousy job.

 

[US&THEM]

Sure...that was when the GOP Elites still had power. That power is slipping away.

How long will you keep on making excuses? None of them wanted to put their name on wall funding especially when the boob was telling everyone how great he is at building

 

[Acadia]

Drill baby drill would be a good start. Energy independence is vital to national security. Even Europe is suddenly waking up to that lesson.

Was coming here to say this! And Europe was told this in no uncertain terms by Donald Trump. Now that Biden said the EXACT SAME THING, well he's just effin' brilliant, isn't he?

 

[Acadia]

Pave the way for Trump's Presidency.

What does that mean? Well, for starters, they can pass a bill requiring Biden to resume building the border wall. Of course, Biden won't sign the bill but maybe the GOP will have enough of a majority to override. If not, then every voter will know what'll happen when Trump is President again.

There are a slew of things a GOP Congress can do the get ready for Trump.

By getting rid of all the RINOs. If Trump wins again and they have the majority, every g-d Republican better be on board.

 

[bongsaway]

It's not rocket science. Putin's war on Ukraine is part of the current rise, however prices were rising before then. That was caused by increasing dependence from oil producing nations that do not necessarily like us. The price at my local gas pumps actually dropped under $2.00 a gallon at one point while we were energy independent in 2019. And no, there is not a worldwide oil shortage. There never has been. As for the existing leases in the US, maybe half of them have permits and all of them are a gamble. The oil companies are not as likely to invest as much in those gambles if the government does not have their back. They are not going to "drill ,baby drill" while the government is in effect going to war against them, by stopping new leases.

We get very little oil from russia and we've never had energy independence. At no point have we stopped importing oil, ask google.

So the oil companies don't want to take the risk of drilling dry holes unless the government has their backs? Isn't that socialism brandon?

 

[Razoo]

Democracy Comes to Michigan​

After a citizen-led campaign to draw fairer voting maps, this year Michigan voters will choose their politicians -- instead of the other way around.

reasonstobecheerful.world

 

[Greenbeard]

Hopefully, they will pay for caregivers who look after the elderly at home or at various facilities.

Given that the GOP has loudly mocked the idea of investing in human infrastructure and has been blocking Biden’s attempt to support more in-home care for the elderly, I wouldn’t hold my breath.

 

[Perotista]

Ok, the gop 'owns the libs', now what, drill baby drill? What is the gop going to do for the american people?

I view divided government as a good thing. Either both sides compromise and meet in the middle or nothing gets done. With one party control, they always try to push their rightist or leftist agenda on the remaining 70% of us. No compromise, just pushing an agenda that only 30% of all of America want.

Divided government and compromise let’s both sides take little steps forward. It doesn’t make the left or the right happy, they hate it. Both sides want the whole ball of wax and both sides want to stop the other side from accomplishing anything. The thing about compromise, divided government is that the little steps forward by both sides if they do compromise and play the old political game of give and take, it makes those in the middle happy, satisfied. Nice to see both parties working together for the betterment of all of America than just for their party’s faithful. Those not affiliated with either major party make up approximately 40% of all America, give or take. Divided government does away with the need to vote one party in one election and then vote them out the next as the party in power always goes to excess to please their base which as I stated, is only around 30% of all of America.

Better nothing than having one party push their agenda on the unwanted only because they can.

 

[LetsGoBrandon]

We get very little oil from russia and we've never had energy independence. At no point have we stopped importing oil, ask google.

We were absolutely energy independent in 2019 if you understand the term "energy independence" You seem to be making it up as you go along. As for still importing oil, we also still import automobiles. Does not mean we are not capable of supplying all of our own.

So the oil companies don't want to take the risk of drilling dry holes unless the government has their backs? Isn't that socialism brandon?

That's a dumb attempt at sarcasm. The oil industry like all other industries are to a point regulated. Having their backs simply means not fighting against them. Not sure how you are equating drilling leases on federal lands as socialism. The leases are not free. The oil companies pay for them just as they do on privately owned lands, And many of the best drilling sites are on federal lands, however it is still a gamble. When Joe Biden of cognitive decline came into office and immediately stopped drilling leases and permits on federal lands, it does not give the oil companies confidence that the government supports them in producing enough oil to regain energy independence.