Shale Giants Swear They Won't Drill More, Even At $200 Barrel

[Moonglow]

President Crapsalot has talked with the Saudis, but has he held talks with American gas and oil CEOs? Has he made any offers to slash red tape and ease off environmental regulations?

Oh, I forgot. That's not really an option for the Crapmeister in Chief. He ran on the most aggressive climate agenda in US presidential history. His voters, the climate scientists, and even the International Energy Agency all demanded that US oil companies need to stop drilling now to reduce greenhouse gas emissions they claimed were warming the planet. And Sir Shitsalot was more than happy to oblige them, wasn't he?

How 'bout that keystone XL pipeline? Way to go Brandon.

A pipeline doesn't increase petroleum production.

 

[Moonglow]

I'm not 100 years old, like you.

Why do you ask?

Do you feel Obama wanted increased domestic oil production?

It doesn't matter what Obama wanted as far as petroleum production since he doesn't control production.

 

[surada]

A pipeline doesn't increase petroleum production.

 

[Toddsterpatriot]

I don't "feel" like pretending to read minds. Damn, you're juvenile.

You also don't feel like listing Obama policies that encouraged domestic production.

Damn, you're an idiot.

 

[Wyatt earp]

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 typically would spark a frenzy of new drilling by independent explorers in shale fields from the desert Southwest to the Upper Great Plains -- but not this year. Influential players like Pioneer Natural Resources Co., Devon Energy Corp. and Harold Hamm’s Continental Resources Inc. just pledged to limit 2022 production increases to no more than 5%, a fraction of the 20% or higher annual growth rates meted out in the pre-pandemic era.

Shale giants swear they won't drill more, even at $200 a barrel

The timing couldn’t be worse for consumers, but the message from shale country is loud and clear: the independents won’t repeat the mistakes of the past by flooding the world with cheap oil.

worldoil.com

So much for the inflation excuse.

They hate Biden

 

[Wyatt earp]

Oil production doubled because of Obamas energy policies. The world economy recovered from another Republican disaster because of Obama's energy policies. The recovery would have been double but for failed Republican policy, and purposeful Republican obstruction.

Anything a Republican touches fails. Energy policy, or anyother policy.

This thread is about the clear threat from the oil industry to keep oil and gas prices where they are, which has nothing to do with Bidens energy policy, and zero to do with inflation.

The price of gas rests solely with the oil companies, and only with the oil companies, and you can bet your ass, that we will be making damn sure that the American people know who is responsible for the gas prices.

Libtard logic 101 the anti drilling, anti pipeline president Obama doubled oil production because of his energy policies ??


How does that work? You think a football team that punts on first down scores 7 points also?

 

[Wyatt earp]

The president has nothing to do with the price of oil unless he starts a war or something.

Speculation you heard of it, no?

 

[surada]

Speculation you heard of it, no?

That was driven by energy brokers like Matthew Simmons.

 

[Toddsterpatriot]

A pipeline doesn't increase petroleum production.

Not even when it makes it easier and cheaper to move oil from the well to the refinery?

 

[Toddsterpatriot]

It doesn't matter what Obama wanted as far as petroleum production since he doesn't control production.

He had no influence over production?

 

[Wyatt earp]

Not even when it makes it easier and cheaper to move oil from the well to the refinery?

I have moon on ignore it's been peaceful...but I bothered to look, he really say a pipeline does nothing? ???

 

[Wyatt earp]

That was driven by energy brokers like Matthew Simmons.

It don't matter, it's like when no one wanted to invest under obama a tax and spend president

 

[Moonglow]

He had no influence over production?

Correct, he may regulate it.

 

[Toddsterpatriot]

I have moon on ignore it's been peaceful...but I bothered to look, he really say a pipeline does nothing? ???

Pipelines don't help production, but Obama's constant attacks on fossil fuels help.

 

[Moonglow]

It don't matter, it's like when no one wanted to invest under obama a tax and spend president

Olaama spend no more on average than Trump.

 

[Toddsterpatriot]

Correct, he may regulate it.

Regulation doesn't influence production?

 

[Moonglow]

I have moon on ignore it's been peaceful...but I bothered to look, he really say a pipeline does nothing? ???

You ignore because you want to live in denial.

 

[Wyatt earp]

Pipelines don't help production, but Obama's constant attacks on fossil fuels help.

Guess he thinks the manual typewriter is more efficient then computers

 

[Moonglow]

Regulation doesn't influence production?

No it merely sets the rules. Why is the US the number one producer of oil in the world?

 

[Toddsterpatriot]

No it merely sets the rules. Why is the US the number one producer of oil in the world?

If your rules are very strict, does that reduce production?

Why is the US the number one producer of oil in the world?

Do you think Obama's policies caused US production to increase?

Which ones?