Exxon Posts Record Profits

[Redfish]

Describe the economic mechanism that makes that happen.

Cause ya know...it sounds like more bullshit right wing excuses

the oil companies do not just refine crude, they drill for it (which is very expensive and risky) and sell it, and when the prices is high they make more profit. actually quite simple. Government policies have created an artificial shortage of crude, so is Biden secretly helping evil big oil?

 

[Redfish]

That doesn't mean anything.

Permits to do what?

The issue is increased production. A permit to clear and grub the site doesn't mean they can drill.

All sites have multiple permits to cover various activities.

don't rebuke the libs talking points, it makes their little heads implode.

 

[Lesh]

the oil companies do not just refine crude, they drill for it (which is very expensive and risky) and sell it, and when the prices is high they make more profit. actually quite simple. Government policies have created an artificial shortage of crude, so is Biden secretly helping evil big oil?

There is no shortage of crude. Oil companies have figured out that they can make more money off the wells and refineries they currently have just by jacking up the price...and people like you make excuses for it

 

[Lesh]

That doesn't mean anything.

Permits to do what?

The issue is increased production. A permit to clear and grub the site doesn't mean they can drill.

All sites have multiple permits to cover various activities.

So you're claiming they don't have the "proper" permits?

Prove it

 

[martybegan]

So you're claiming they don't have the "proper" permits?

Prove it

You are the one claiming some talisman like "permit" has been issued and they can drill at will.

I am saying without knowing WHAT permits have been issued you can't say the Biden Admin isn't holding up PRODUCTION.

 

[CrusaderFrank]

So you also don't mind high gas prices.

They weren't high when Trump was in office!!

 

[Lesh]

They weren't high when Trump was in office!!

Except for Covid… they were pretty much what they are now

 

[Redfish]

There is no shortage of crude. Oil companies have figured out that they can make more money off the wells and refineries they currently have just by jacking up the price...and people like you make excuses for it

not true, Biden's early acts created an artificial shortage, and price increases, supply and demand really does set prices.

 

[there4eyeM]

Economical cars get 40 mpg or more. The US average is about 25 mpg. The "policy" of choosing so much more than is needed for transportation, glutinous excess in other words, is far more important than any other single measure in keeping gasoline prices high. Of all the "rights" available to us, the right to be sensible appears to be the least practiced.
The problems with oil company domination is another matter.

 

[Toddsterpatriot]

Actually all 9,000 leases have had permits issued

Tell me again how the high prices are a result of the profits.

 

[Toddsterpatriot]

There is no shortage of crude. Oil companies have figured out that they can make more money off the wells and refineries they currently have just by jacking up the price...and people like you make excuses for it

There is no shortage of crude. Oil companies have figured out that they can make more money off the wells and refineries they currently have just by jacking up the price

Why didn't they figure than out 10 years ago? 50 years ago?
What changed in the last 2 years?

 

[Lesh]

not true, Biden's early acts created an artificial shortage, and price increases, supply and demand really does set prices.

You can repeat bullshit as long as you want.

There was no shortage of crude

 

[Lesh]

There is no shortage of crude. Oil companies have figured out that they can make more money off the wells and refineries they currently have just by jacking up the price

Why didn't they figure than out 10 years ago? 50 years ago?
What changed in the last 2 years?

They were trying to recoup losses they had during Covid

 

[Polishprince]

You can repeat bullshit as long as you want.

There was no shortage of crude

But there is a shortage of pipeline to get it from Canada to Houston where the crude can be refined to a usable form.

And Biden outlawed the pipeline.

 

[Toddsterpatriot]

They were trying to recoup losses they had during Covid

Oil companies only wanted record profits after Covid?

 

[Dekster]

Piling on cash before the next greatish recession is smart management, especially while coming out of the pandemic ugh.

 

[Redfish]

You can repeat bullshit as long as you want.

There was no shortage of crude

it is fact, there was an artificial shortage created by Biden. Oil prices are based on futures, so if the oil future looks bleak prices go up. Its not necessarily a physical shortage at the time, but rather the perception that government acts have created a future shortage. I know that's probably too complicated for your simple mind, but that is how it works.

 

[Redfish]

Economical cars get 40 mpg or more. The US average is about 25 mpg. The "policy" of choosing so much more than is needed for transportation, glutinous excess in other words, is far more important than any other single measure in keeping gasoline prices high. Of all the "rights" available to us, the right to be sensible appears to be the least practiced.
The problems with oil company domination is another matter.

So you want to mandate what kind of car everyone can drive? When they can drive? Where they can drive? etc?

 

[Theowl32]

Remember this stupid thread made these morons?

 

[Theowl32]

So you want to mandate what kind of car everyone can drive? When they can drive? Where they can drive? etc?

They are all woke for thee but not for me hypocrites. That is literally all they are. Pathetic loud mouths and noting but hypocrites about everything.