The Oil Industry Is Licking Its Chops Over a Potential Trump Win

[HROT]

Why, is he going to ask Saudi Arabia and Russia to cut production again?

 

[goldmom]

Oil companies control production to maximize revenues. They reduce production when oil prices drop.
This has been documented many times by oil execs themselves.

That’s not unlike other companies who adjust production of their products when demand falls off.
Ask any auto worker who’s been furloughed.

 

[Hans81]

Yep, similar to the "Your 401k will collapse under Biden" claim spouted from Turd in 2020.

Republicans specialize in fear porn.

lol…but yes, both parties do their share of fear mongering.

 

[BelemNole]

It’s really something that the former president asked for a billion dollar bribe and most of you are like “but we need more oil!!!!”

 

[MitchLL]

lol…but yes, both parties do their share of fear mongering.

More "whataboutism".

Day and night difference.

 

[noStemsnoSTICKS]

Biden certainly doesn’t want to tout that…as he wouldn’t want to offend the lefty climate wing of his party. Without more fracking, capital re-investment in aging U.S. oil infrastructure, and more easing on permitting/regulations, it’s unlikely future U.S. oil production will increase.

All speculation. Doesn't change the fact. It does change the retrumplican narrative.

 

[noStemsnoSTICKS]

Like a company producing more.....but losing money ergo losing more money.

If oil companies are producing more and making less it's a simple supply and demand issue, but I wouldn't expect you to know anything about economics.

Fact is, more domestic oil has been produced under Biden than any other president.

 

[Scruddy]

Maybe gas won't be so expensive anymore once Trump takes office. Fingers crossed.

 

[jneffer]

If oil companies are producing more and making less it's a simple supply and demand issue, but I wouldn't expect you to know anything about economics.

Fact is, more domestic oil has been produced under Biden than any other president.

the phrase "losing money" doesn't belong anywhere near a discussion about the american energy industry

 

[noStemsnoSTICKS]

And the cost to do so has never been higher or more encumbered.

What industry has not seen costs increase over time?

 

[Here_4_a_Day]

What industry has not seen costs increase over time?

Just stop.😂

 

[Chishawk1425]

 

[Chishawk1425]

 

[Hans81]

More "whataboutism".

Day and night difference.

Really…you mean the Dems fear mongering comments like…if Trump is re-elected, it’s the end of Democracy,,,,blah, blah, blah.

 

[Hans81]

All speculation. Doesn't change the fact. It does change the retrumplican narrative.

What part of my “speculation” did you disagree with?

 

[Huey Grey]

Really…you mean the Dems fear mongering comments like…if Trump is re-elected, it’s the end of Democracy,,,,blah, blah, blah.

Um, dude literally just said he would sell laws.

 

[Hans81]

If oil companies are producing more and making less it's a simple supply and demand issue, but I wouldn't expect you to know anything about economics.

Fact is, more domestic oil has been produced under Biden than any other president.

Prices should come down then. 😉

 

[Hans81]

Um, dude literally just said he would sell laws.

Sell laws??

 

[nelly02]

I don’t use my attacks on Biden “properly”???
What does that even mean, Tom?
What’s beyond obvious is that my concern for America absolutely lies beyond the voting booth.
We have two candidates who are awful. Yet we are seeing the supporters of each saying “yeah but the other guy is worse”
That is our current standard?
We are doomed.

Psst it means you never criticize trump on here... just trying to help you out

 

[MitchLL]

Really…you mean the Dems fear mongering comments like…if Trump is re-elected, it’s the end of Democracy,,,,blah, blah, blah.

January 6th.

Nuf said.

Be better.

 

[Hans81]

January 6th.

Nuf said.

Be better.

Oh, you mean the riot of some nuts. Yeah, I think our country will/did survive that giant uprising. 😉

 

[BioHawk]

It's just above the pre-pandemic level, and it took nearly 3 years to get there. Nice spin though. You get credit for that.

Oh, and that oil production was despite Biden, not because of Biden.

So, yes. Yes we are producing more than we ever have.

 

[MitchLL]

Oh, you mean the riot of some nuts. Yeah, I think our country will/did survive that giant uprising. 😉

Yet, millions of numpties still claim Turd won.

How's that not an issue?

 

[fsu1jreed]

Oh, you mean the riot of some nuts. Yeah, I think our country will/did survive that giant uprising. 😉

A riot...uh huh

 

[abby97]

Fossil fuel industry lawyers and lobbyists have reportedly drafted executive orders to roll back Biden’s energy regulations. Trump's seems eager to comply

I'm sorry, I'm confused, am I supposed to be upset by this?🫤

 

[noStemsnoSTICKS]

What part of my “speculation” did you disagree with?

That future US oil production will decrease.