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Do you ever read on anything? If you did you might understand.
time.com
earthjustice.org
STFU. The fuel prices affect everyone that drives. Don't act like others are any different and the pain they feel.
Why not produce more oil? Why are you afraid?
Nowhere in your link does it say shareholders vote on plant expansions, Dumbass.They most certainly do asshat. All major expenditures outside the ordinary course of business must be approved by a majority of the Directors of a Corporation and confirmed by the Shareholders. That's basic corporate law, FuckBoi.
The Voting Rights of Common Stock Shareholders
Understand the voting rights of common stock shareholders, along with the importance of shareholders exercising their rights to vote.www.investopedia.com
Nowhere in any of that does it say shareholders get to vote on plant upgrades.Do you ever read on anything? If you did you might understand.
Start reading.
The following is what oil execs themselves say:
"When the captains of the U.S. oil industry met earlier this month in Houston for their annual convention, they offered multiple excuses for why they couldn’t do their part. “Now, with supply-chain challenges, it makes any attempt to grow now — and at a rapid pace — very, very difficult,” said Vicki Hollub, chief executive of Occidental Petroleum. Pioneer Natural Resources chief executive Scott Sheffield added that investors aren’t pushing companies to boost production beyond their current plans. (“Nobody believes this problem is long-term,” he said — though it may well turn out to be.) ConocoPhillips chief executive Ryan Lance said “poor regulatory policy” was partly to blame for lack of supply, and said high oil prices were a chance to pay down debt and improve shareholder returns.
To be sure, the U.S. oil sector is constrained — as are many other industries — by supply chain issues and manpower shortages. New drilling requires steel pipe and other materials in short supply. Still, the lack of leadership and creative thinking on display is galling. Energy Secretary Jennifer Granholm got it right when she said on March 9 in Houston: “We are on a war footing — an emergency — and we have to responsibly increase short-term supply where we can right now to stabilize the market and to minimize harm to American families.”
The Real Reason Big Oil Won't Save Us From High Gas Prices
The Real Reason Big Oil Won't Save Us From High Gas Prices
"The industry claims that the rise in gas prices is due to an alleged failure by the Biden administration to sell enough leases and issue enough permits to drill for oil on federal lands and in federal waters. Flying under claims of “energy security” and the false pretense that more reckless drilling on public lands would lower increasingly rising gas prices, the oil and gas industry is demanding the U.S. government give them more public lands to stockpile. The oil and gas industry and their allies in Congress have pushed a false narrative that the fault of rising gas prices lies with the White House and are shamelessly preying on the fears of working families concerned about prices at the pump to extract big regulatory policy wins to enhance their future profits. Big Oil’s latest demand – immediately open more public lands for drilling – is both illegal and will do nothing to lower gas prices for everyday Americans."
"The real problem here is corporate greed. The industry could drill on those 9,000 leases with approved permits, but drilling costs money the industry doesn’t want to spend. In 2021 alone, Exxon Mobil, Shell, BP, and Chevron made a combined $75 billion in profits. Instead of spending some of this massive profit on drilling the leases they already hold, oil companies are buying back their own shares, funneling dividends to their shareholders, and paying lobbyists to demand cheap new federal leases so they can stockpile them for future profit. The industry is also talking out of both sides of its mouth. It suggests that issuing new federal oil leases or permits would magically cause gas prices to go down. But just this week, Exxon Mobil and Chevron announced they would increase production immediately by 160,000 barrels a day collectively—but warned we wouldn’t see that oil at the pump anytime soon."
The Oil Industry’s Dishonest Effort to Wring Profits from Pain
While Ukrainians fight for their lives, the oil industry has pounced on an opportunity to profit economically and politically.
The above is a small example of what's going on. If you choose to blame Biden that is your prerogative.
I also am a driver of 60 miles a day 6 days a week. I live in California and we are getting hosed big time by this crap as well. But at least I know who is doing what and why it is this way.
That. Right there. That is the democrat platform in one tweet. They really don’t give a **** about people. They rule and if you can’t get by with their results then **** off peasant, just ride a ******* bike you whiney *****.
Democrats show more sympathy for the illegals. THEY get an expensive flight, courtesy of taxpayers, to wherever they want to go, along with free medical care, free education, free baby formula of course, etc., etc., while the same Democrats snark at honest Americans to “ride a bike” if you can’t afford Biden’s gas prices.
Big oil shareholders, you mean Dem BFF private and public employee union pension funds? OH SNAP!!
Dems love to trap people on their Dem party plantations. While yapping about the environment as they obliterate it with their cities.
Oh, it has dawned on me.
How dare oil companies pay down debts!Do you ever read on anything? If you did you might understand.
Start reading.
The following is what oil execs themselves say:
"When the captains of the U.S. oil industry met earlier this month in Houston for their annual convention, they offered multiple excuses for why they couldn’t do their part. “Now, with supply-chain challenges, it makes any attempt to grow now — and at a rapid pace — very, very difficult,” said Vicki Hollub, chief executive of Occidental Petroleum. Pioneer Natural Resources chief executive Scott Sheffield added that investors aren’t pushing companies to boost production beyond their current plans. (“Nobody believes this problem is long-term,” he said — though it may well turn out to be.) ConocoPhillips chief executive Ryan Lance said “poor regulatory policy” was partly to blame for lack of supply, and said high oil prices were a chance to pay down debt and improve shareholder returns.
To be sure, the U.S. oil sector is constrained — as are many other industries — by supply chain issues and manpower shortages. New drilling requires steel pipe and other materials in short supply. Still, the lack of leadership and creative thinking on display is galling. Energy Secretary Jennifer Granholm got it right when she said on March 9 in Houston: “We are on a war footing — an emergency — and we have to responsibly increase short-term supply where we can right now to stabilize the market and to minimize harm to American families.”
The Real Reason Big Oil Won't Save Us From High Gas Prices
The Real Reason Big Oil Won't Save Us From High Gas Prices
"The industry claims that the rise in gas prices is due to an alleged failure by the Biden administration to sell enough leases and issue enough permits to drill for oil on federal lands and in federal waters. Flying under claims of “energy security” and the false pretense that more reckless drilling on public lands would lower increasingly rising gas prices, the oil and gas industry is demanding the U.S. government give them more public lands to stockpile. The oil and gas industry and their allies in Congress have pushed a false narrative that the fault of rising gas prices lies with the White House and are shamelessly preying on the fears of working families concerned about prices at the pump to extract big regulatory policy wins to enhance their future profits. Big Oil’s latest demand – immediately open more public lands for drilling – is both illegal and will do nothing to lower gas prices for everyday Americans."
"The real problem here is corporate greed. The industry could drill on those 9,000 leases with approved permits, but drilling costs money the industry doesn’t want to spend. In 2021 alone, Exxon Mobil, Shell, BP, and Chevron made a combined $75 billion in profits. Instead of spending some of this massive profit on drilling the leases they already hold, oil companies are buying back their own shares, funneling dividends to their shareholders, and paying lobbyists to demand cheap new federal leases so they can stockpile them for future profit. The industry is also talking out of both sides of its mouth. It suggests that issuing new federal oil leases or permits would magically cause gas prices to go down. But just this week, Exxon Mobil and Chevron announced they would increase production immediately by 160,000 barrels a day collectively—but warned we wouldn’t see that oil at the pump anytime soon."
The Oil Industry’s Dishonest Effort to Wring Profits from Pain
While Ukrainians fight for their lives, the oil industry has pounced on an opportunity to profit economically and politically.
The above is a small example of what's going on. If you choose to blame Biden that is your prerogative.
I also am a driver of 60 miles a day 6 days a week. I live in California and we are getting hosed big time by this crap as well. But at least I know who is doing what and why it is this way.
