Oil

[NATI BENGALS]

(03-03-2022, 05:53 PM)Stewy Wrote: You're welcome.  But the POTUS does things like that because most people don't know it's pointless.  Hell the POTUS and his advisors may not even know it's pointless.  If they really understood our industry and understood that one cannot force a switch to renewables over night, and that we need a real transition to Natural Gas First and then to Nuclear and true renewables, then I would believe they know what they're doing. Alas....no.

Some think our industry can be forced toward renewables, but not supporting it and not allowing more drilling, etc.  But what we are doing is limiting production during a time when renewables CANNOT cover the gap.  Thus commodities get limited, prices go up and that gets passed on to the consumer.  The last people to blame for high prices are the Oil and Gas Industry.  We're just trying to make a buck and provide a service that almost no one can live without.  The govt's of the world need to work WITH our industry, not blame it and try and kill it, because guess what????  The need for energy isn't going anywhere, and everyone wants cheap energy, but if you shaft the people who provide the energy, it's the little guys that cast those pesky votes every 2-4 years that pay the price in their pocket book.

On a side note:  Biden's complete lack of support for the O&G industry is a joke.  He has done everything he could to damage the industry since he took office.  Not providing lease, slowing down processes, slowing down projects and permits to drill and start up new production facilities.  Yet....yet....yet....the hypocrite keeps asking the industry to produce more oil.  "Here....dig this hole for me, but you get no shovel, no spade and not even a spoon.  It's really important and please do it, but you'll get no support from me."

Chevrons response to the latest POTUS request to increase production:
https://oilprice.com/Latest-Energy-News/World-News/Chevron-Biden-Can-Lower-High-Crude-Prices-If-He-Supports-US-Oil.html

Let's keep in mind that Oil Companies are becoming energy companies.  They want to survive past the transition and provide you're renewables, and you're energy and Big Oil becoming Big Energy is to everyone's benefit because we have the money to invest in a transition, and actually make it happen.  The largest investors in renewables in the last 24 months has been Big Energy, but regardless of political rhetoric one cannot transition over night.  Anyone who says it's easy or a switch flip is just plain ignorant of the realities of providing energy.  I could write another novel on this subject, but i don't think anyone wants it.  hehe

Riddle me this?

https://www.cnbc.com/2022/02/24/biden-administration-pausing-new-oil-and-gas-leases-amid-legal-battle-.html

“Biden has approved more drilling permits on public lands per month than the Trump administration did during Donald Trump's first three years in office.”