Reply to $7/gallon gas is coming

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][twitter]https://twitter.com/tomselliott/status/1500808667100286979[/twitter][/quote]

Domestic Producers have no plans to invest in domestic capacity, even at these high prices. They know the long term trends - move to electric vehicles, better efficiency in ICE, big leaps in battery tech - make their domestic investments moot in a couple years. It’s not enough time to recover the CapEx.

Further, a huge number federal land leases for drilling are not being used by the industry. They are just sitting on them, doing squat.

Time for Biden to grab the bully pulpit.[/quote]

Lots of conjecture with no proof there.

[b]Biden stopped the lease program and he’s almost directly responsible [/quote][/b]

Why do they need more leases? [b]Trump sold a sh#tload of leases that are not even being utilized yet for drilling/exploration by the companies. There is zero need for more leases right now, considering they are not even using the ones they already have![/b]

The fact of the matter is that they don't want to invest their own money - they want taxpayer subsidies to drill. [/quote]'

Bolding for the first PP. Please read again b/c what this PP says is accurate. And you are wrong.[/quote]

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