OPEC Leaders Acting Like Lunatics!

[Woodznutz]

There are no shortages. They have no reason to increase production.

We need to increase domestic production.

 

[MarathonMike]

We had the enormous strategic and economic advantage of energy independence under President Trump. It took China Joe one year to put us at the mercy of OPEC. Let's go Brandon!!

 

[Captain Caveman]

Fossil Fuels.

You can not live without them. That includes the democrats worshipping at the alter of the green economy/energy

The climate freaks are still using them.

 

[elektra]

OPEC with their keeping low the Cartel's oil spigot are acting like insane people, seriously the world is seeing stark raving lunatics run OPEC or to put it another way the leaders in OPEC are acting like the dumbest mule in the world. The AGE OF OIL is ending, devastating harm to the planet has and is occurring from climate change due to the world's use of fossil fuels to reasonable people these are facts necessitating the world stopping its principle reliance on carbon fuels the only issue is at what rate the world ends its reliance. OPEC countries like Iraq, Kuwait and Nigeria which are heavily dependent on oil producing revenue should be pushing OPEC to sell every barrel of oil they can keeping the price of a barrel of oil between forty-five dollar and seventy-five dollars. Energy industry experts are telling the world public that oil prices are going to be above ninety dollars a barrel and will likely go much higher than that for the foreseeable future. This is the reality experts and oil producers the American public is not going to allow this to happen; they are already mad as hell having to put twenty, forty, sixty dollars per week more into buying gas. If this oil industry opportunism continues, the Republicans are going to gain a chamber in Congress with 2022 elections they are going to force the Biden Administration to conduct sales of energy production leases on Federal lands they are going to force the Biden Administration to sign a law forbidding the Federal government to condition issuing drilling permits on climate effect analysis of such drilling and America is going to get back big time in the oil and natural gas producing business! Furthermore, if the price of oil long-term in the future continues to pinch American family budgets, the world will see around 2030 American politicians pass laws banning in that decade production of combustion engine passenger vehicles and light trucks, so demand for your product OPEC will drop into the basement so OPEC stop steaming the world energy consumer by manipulating supply!

If oil is bad why do you propose to use massive amounts more?

 

[surada]

We need to increase domestic production.

The opec price is $89 and change. Domestic oil is usually a dollar cheaper.

 

[surada]

We had the enormous strategic and economic advantage of energy independence under President Trump. It took China Joe one year to put us at the mercy of OPEC. Let's go Brandon!!

Trump lied. We have never been energy independent.

 

[Toddsterpatriot]

Trump lied. We have never been energy independent.

Obama lied, he never encouraged US oil production.

 

[surada]

Obama lied, he never encouraged US oil production.

Lolol..... He didn't need to. When the ppb goes up they invest in rigs and drilling.

 

[Toddsterpatriot]

Lolol..... He didn't need to.

So why are you idiots trying to give him credit for it?

 

[surada]

So why are you idiots trying to give him credit for it?

Nobody is giving Obama credit. Lol. You really don't know anything about the oil business. No wonder you fall for Trump's malarkey.

 

[Toddsterpatriot]

Nobody is giving Obama credit. Lol. You really don't know anything about the oil business. No wonder you fall for Trump's malarkey.

Nobody is giving Obama credit.

That is funny!

You really don't know anything about the oil business.

How much do I need to know to constantly catch your errors (lies)?

 

[surada]

Nobody is giving Obama credit.

That is funny!

You really don't know anything about the oil business.

How much do I need to know to constantly catch your errors (lies)?

Tell me about you experience in the oil business. Production doubled during the Obama years because the ppb went up and it was suddenly profitable.

 

[surada]

We need to increase domestic production.

US lift or extraction costs are the highest in the world. Domestic producers can't make money at $50 a barrel and certainly can't invest in increased production.

 

[Toddsterpatriot]

Tell me about you experience in the oil business. Production doubled during the Obama years because the ppb went up and it was suddenly profitable.

You don't have to explain to me that Obama didn't do anything to increase production.

 

[Woodznutz]

US lift or extraction costs are the highest in the world. Domestic producers can't make money at $50 a barrel and certainly can't invest in increased production.

Well, it's more than $50 p/b now.

 

[surada]

Well, it's more than $50 p/b now.

$90 a barrel is good for domestic producers.

 

[Woodznutz]

$90 a barrel is good for domestic producers.

We should take advantage of "the treasures hid in the sand".

 

[surada]

US prod

We should take advantage of "the treasures hid in the sand".

US oil companies are taking advantage of the ppb. They are returning profits to shareholders instead of investing in increased capacity.

 

[Woodznutz]

US prod
US oil companies are taking advantage of the ppb. They are returning profits to shareholders instead of investing in increased capacity.

Many companies are at the mercy of their greedy shareholders. If they had any sense they would buy back as many outstanding shares as they can. Going public is a 'deal with the devil' in many cases.

 

[surada]

Many companies are at the mercy of their greedy shareholders.

I think they are tired of boom and bust. When they ramp up production price collapses.