YoursTruly
Platinum Member
- Dec 21, 2019
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Apparently the HUGE profits the oil companies are getting wasn't enough to convince the right that Biden and the oil companies are pulling the wool over their eyes.
So let's approach this from another angle. The oil bust hit and oil production started dropping while Trump was in office. Biden comes in an allows a record number of drilling permits to existing oil leases. Oil companies continued with their scheduled bust cycle, regardless of the 3500 DRILLING permits they were given by BLM.
So now, production is low. Prices are high. And the oil companies stand to rake in even more savings and profits from the oil subsidies the BIDEN administration will be paying them.
So let's approach this from another angle. The oil bust hit and oil production started dropping while Trump was in office. Biden comes in an allows a record number of drilling permits to existing oil leases. Oil companies continued with their scheduled bust cycle, regardless of the 3500 DRILLING permits they were given by BLM.
So now, production is low. Prices are high. And the oil companies stand to rake in even more savings and profits from the oil subsidies the BIDEN administration will be paying them.