Exxon Posts Record Profits

[martybegan]

On what fucking planet!

On our planet, dipshit.

Market speculation works with shorts as well.

 

[Lesh]

Neither can you.

What is documented is the current administrations hostility to fossil fuels in general.

In 2020, the oil bust created worker and supply shortages and caused companies to cut their budgets. Investors remain reluctant to invest in fossil fuels. Pavel Molchanov, an analyst at Raymond James, told CNN Business that “oil and gas companies do not want to drill more.”

“They are under pressure from the financial community to pay more dividends, to do more share buybacks instead of the proverbial ‘drill, baby, drill,’ which is the way they would have done things 10 years ago. Corporate strategy has fundamentally changed.”

Biden’s claim about drilling permits (updated)

Editor’s note, Feb. 28, 2023: This fact-check of President Joe Biden’s statement in March 2022 was based on available da

www.politifact.com

 

[DigitalDrifter]

And I would expect NOTHING less than record profits!
When you have the leader of the free world shooting his mouth about how his party is going to kill fossil fuels, what else do you expect?
If I'm running one of these oil companies, knowing that I have a finite time to sell my product on a massive scale, I'm going to look for ways to maximize my profits in the time I have left.

 

[martybegan]

In 2020, the oil bust created worker and supply shortages and caused companies to cut their budgets. Investors remain reluctant to invest in fossil fuels. Pavel Molchanov, an analyst at Raymond James, told CNN Business that “oil and gas companies do not want to drill more.”

“They are under pressure from the financial community to pay more dividends, to do more share buybacks instead of the proverbial ‘drill, baby, drill,’ which is the way they would have done things 10 years ago. Corporate strategy has fundamentally changed.”

Drilling costs money, certain drill sites aren't economically viable at certain cost points.


You are bitching about basic economics.

 

[Lesh]

And I would expect NOTHING less than record profits!

Then DON'T BITCH ABOUT HIGH GAS PRICES AND DON'T BLAME BIDEN

You partisan hacks

 

[DigitalDrifter]

Then DON'T BITCH ABOUT HIGH GAS PRICES AND DON'T BLAME BIDEN

You partisan hacks

Prices began to surge the moment stupid fuck Biden took the oath of office. He and your side wants to kill the industry, so I will in fact blame him and you!

 

[pknopp]

Because in other cases speculation makes prices go down, or stabilizes them.

Prices have not been stable for years.

 

[marvin martian]

Exxon Mobil's record $55.7 billion profit last year fuels criticism that it cashed in on war and sky-high gasoline prices

Exxon's bounty came as Americans shelled out more than $5 at one point for a gallon of gasoline.

fortune.com

THAT is why gas prices are so high

Wanna bet that the people bitching about high gas prices will defend this?

The dementia patient you voted for promised to "end fossil fuels". What happened?

 

[Lesh]

Drilling costs money, certain drill sites aren't economically viable at certain cost points.

Pavel Molchanov, an analyst at Raymond James, told CNN Business that “oil and gas companies do not want to drill more.”

 

[Oddball]

Prices have not been stable for years.

You don't enhance stability by taking tens of thousands of barrels a day offline.

This is all on Xiden and the envirowhacks in his orbit.

 

[Oddball]

Pavel Molchanov, an analyst at Raymond James, told CNN Business that “oil and gas companies do not want to drill more.”

XiNN.....roflmfao

 

[martybegan]

Pavel Molchanov, an analyst at Raymond James, told CNN Business that “oil and gas companies do not want to drill more.”

Lefty talking head gonna lefty.

 

[martybegan]

Prices have not been stable for years.

Would be worse without speculation.

 

[marvin martian]

Pavel Molchanov, an analyst at Raymond James, told CNN Business that “oil and gas companies do not want to drill more.”

Sounds like a Russian asset.

 

[martybegan]

In 2020, the oil bust created worker and supply shortages and caused companies to cut their budgets. Investors remain reluctant to invest in fossil fuels. Pavel Molchanov, an analyst at Raymond James, told CNN Business that “oil and gas companies do not want to drill more.”

“They are under pressure from the financial community to pay more dividends, to do more share buybacks instead of the proverbial ‘drill, baby, drill,’ which is the way they would have done things 10 years ago. Corporate strategy has fundamentally changed.”

Biden’s claim about drilling permits (updated)

Editor’s note, Feb. 28, 2023: This fact-check of President Joe Biden’s statement in March 2022 was based on available da

www.politifact.com

Politifact, lol.

The leases may be unused, but leases are just like reservations to drill, the permits are what matters.

Once again politifact shows tunnel vision to defend a Democrat.

 

[Lesh]

Politifact, lol.

The leases may be unused, but leases are just like reservations to drill, the permits are what matters.

Once again politifact shows tunnel vision to defend a Democrat.

Read the article stupid. 9,000 unused leases have permits

 

[martybegan]

Read the article stupid. 9,000 unused leases have permits

all of them?

Didn't you before say it was 2000 out of 9000 with permits?

or permits under review?

 

[pknopp]

You don't enhance stability by taking tens of thousands of barrels a day offline.

This is all on Xiden and the envirowhacks in his orbit.

There was never any shortages.

 

[pknopp]

Would be worse without speculation.

And oddly it wasn't before we opened the markets up to everyone.

 

[Oddball]

There was never any shortages.

There was less supply, which jacks prices.....Happens first time, every time.