Discussion in 'Energy' started by initforme, Apr 20, 2019.
I'm still trying to figure out how to pronounce the word "****".
Never said Trump, excuse me Rump, controlled the oil industry. I said his policies were helping oil companies to maximize production, and they are. He's allowing more drilling on public lands, more pipelines to be authorized, and regulations to be streamlined, among other thing.
So, once again, you are just plain WRONG.
Um nnnnnnnno. I happen to know a bit about this. First of all production is already maximized and that's not new. There ain't no refineries just sitting around waiting for raw product. Put new raw product online and all it can do is wait in line. Second, oil companies don't work for a national flag, they work for shareholders (like me). And that means they'll keep that oil flowing to wherever it sells, on whatever continent. Oil coming out of your wherever doesn't have any effect on that; your limitation is how much you can refine. And that's maxxed. So even if you can ship more oil, that means more oil to India. Or wherever it sells.
And that pipeline? It's there to get that Canadian sludge to Houston, so it can be refined and sent on ships to India. Has no effect on gas supplies in Indiana.
As I said unless you want to nationalize the whole operation and be an oil island --- that's how it goes down.
United States Crude Oil Production | 2019 | Data | Chart | Calendar
Then how do you explain this Pogo?
No our gas prices are seventy five cents higher than six months ago..
That's easy. More profit for my oil stocks.
Gas prices around the world 2018 | Statista
Note California skews the US price.
not by the federal government CA, NM and probably other states are jacking up prices and this goes back to at least the Teapot dome scandal under Harding
We already have a thread for this:
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