How totally STUPID... Biden's moratorium on 25% oil producing land and now begs OPEC increase output!

[Moonglow]

That is OPECs main game.
They use it as a tool to maintain market share. And we let them.

We have no way to stop OPEC from doing it or the independent petroleum corporations.

 

[iamwhatiseem]

We have no way to stop OPEC from doing it or the independent petroleum corporations.

Of course we do.

 

[Moonglow]

Of course we do.

I am sure you will tell my oil trust how it is done.

 

[LeftofLeft]

We have no way to stop OPEC from doing it or the independent petroleum corporations.

If federal leases are expanded, more pipelines and capacity and refinery, loosen regulations, we may still have no way to stop OPEC but the market will keep them in tact. Liberals and Democrats hate this kind of talk which is why they are willing to accept and justify higher gas prices to US consumers.

 

[surada]

We have no way to stop OPEC from doing it or the independent petroleum corporations.

Not Even at $200 a Barrel: U.S. Shale Giants Swear They Won't Drill More - Canadian Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow

(Bloomberg) The Texas wildcatters that ushered in America’s shale revolution are resisting the temptation to pump more oil as the market rallies, signaling higher gasoline prices for consumers already battered by the worst inflation in a generation.Crude prices hurtling toward $100 a barrel...

energynow.ca

 

[surada]

If federal leases are expanded, more pipelines and capacity and refinery, loosen regulations, we may still have no way to stop OPEC but the market will keep them in tact. Liberals and Democrats hate this kind of talk which is why they are willing to accept and justify higher gas prices to US consumers.

The domestic producers are not investing in more capacity. They are returning profits to shareholders. Not Even at $200 a Barrel: U.S. Shale Giants Swear They Won't Drill More - Energy News for the Canadian Oil & Gas Industry | EnergyNow.ca

 

[surada]

This is what happens when capitalist for profit petroleum in the US refuse to uncap wells, reopen refineries and hire help.

That's not the problem.