Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:When competitors are not able to drill for oil, oil companies can charge more. If competitors are able to drill, this option is not as readily available, and there is not as much profits.
In other words, it was just opportunistic greed. Thanks for confirming.
Greed is a human sin. All businesses operate because people are trying to make money.
By opening up drilling, you can combat this greed by using other companies' greed against a greedy company, and the customer benefits with lower prices.
We aren't sufficiently protective of competition and concentrate far too much power in the hands of the few in many industry sectors.
Anonymous wrote:Anonymous wrote:
The SPR is intended to use during times of emergencies - weather emergencies, war, etc. It was not designed to be used to lower the price of gas because your administration has an inept energy policy.
Trump refilled the SPR at $40/barrel. And, he wanted to top it off, but Democrats blocked him. https://rollcall.com/2020/03/25/oil-purchase-to-fill-strategic-reserve-dropped-from-stimulus/
Biden has not indicated WHEN he plans to replace the oil he has tapped to cover for his horrible policies. And, you can bet that it won't be $40/barrel when and if he does.
Can you cite where it specifically says a supply emergency doesn't qualify as an emergency?
Also, with regard to "inept energy policy" the Biden administration has been issuing more permits than the Trump administration was, and is on track to increase production higher than it was when Trump left office. So you're quite off base with your hysterical talking points.
The president suggested the onus is on the industry to start drilling. But it’s not as simple as Biden made it seem, because there are some steps before companies begin production.
Companies have to contract rigs to drill the wells, and build a sufficient inventory of permits before rigs are contracted, said Jennifer Pett, a spokesperson for the Independent Petroleum Association of America, a trade group that represents oil and natural gas producers.
"Producers also have to put a drilling plan together, secure rights of way and work with state and private landowners," Pett said.
Thousands of unused permits are not uncommon in any presidential administration.
Douglas Holtz-Eakin, an economist and president of the American Action Forum, a center-right think tank, said firms are trying to assess the durability of the global rebound. "They have to be sure that the costly investment (and time) that it takes to turn a lease into a producing well is worth it."
Anonymous wrote:Anonymous wrote:Anonymous wrote:When competitors are not able to drill for oil, oil companies can charge more. If competitors are able to drill, this option is not as readily available, and there is not as much profits.
In other words, it was just opportunistic greed. Thanks for confirming.
Greed is a human sin. All businesses operate because people are trying to make money.
By opening up drilling, you can combat this greed by using other companies' greed against a greedy company, and the customer benefits with lower prices.
Anonymous wrote:Anonymous wrote:When competitors are not able to drill for oil, oil companies can charge more. If competitors are able to drill, this option is not as readily available, and there is not as much profits.
In other words, it was just opportunistic greed. Thanks for confirming.
Anonymous wrote:Anonymous wrote:When competitors are not able to drill for oil, oil companies can charge more. If competitors are able to drill, this option is not as readily available, and there is not as much profits.
In other words, it was just opportunistic greed. Thanks for confirming.
Anonymous wrote:When competitors are not able to drill for oil, oil companies can charge more. If competitors are able to drill, this option is not as readily available, and there is not as much profits.
Anonymous wrote:
The SPR is intended to use during times of emergencies - weather emergencies, war, etc. It was not designed to be used to lower the price of gas because your administration has an inept energy policy.
Trump refilled the SPR at $40/barrel. And, he wanted to top it off, but Democrats blocked him. https://rollcall.com/2020/03/25/oil-purchase-to-fill-strategic-reserve-dropped-from-stimulus/
Biden has not indicated WHEN he plans to replace the oil he has tapped to cover for his horrible policies. And, you can bet that it won't be $40/barrel when and if he does.
Anonymous wrote:
Average consumers: "Why are gas prices so high at the pump???"
Big Oil: "Uhh something something too much demand"
Conservative pundits: "Something something sleepyJoe no permits, war on fossil something something"
Smarter consumers and smarter pundits: "No, it's gouging and greed."
News: "Big oil announces record profits and stock buybacks"
Conservative pundits: *crickets*
It's gouging and greed.