and they are getting more leases. More under Biden than his predecessor.
Not true & this has been discussed before.
Under obama leases were down to 4,000 & production was way down. Production & leases grew under President Trump. Leases that were approved in 2021 were applications from the previous administration. Applications filed in 2021 & 2022 are stalled. Previous approved leases have been cancelled
Originally posted by: Boilerman
Anyone who even got a C in Economics 101 knows that increased costs hinder whatever business is forced to absorb those costs.
PJ must have flunked that class
No statement from oil companies that backup your BS, huh?
Didn't think so.
All the oil ceo's must have flunked economics 101 because they are increasing supply despite everything you've said on this thread.
Originally posted by: Boilerman
Anyone who even got a C in Economics 101 knows that increased costs hinder whatever business is forced to absorb those costs.
PJ must have flunked that class
Anyone who actually took such a class would know--as Boiler seems not to--that if prices can be increased to make up for increased costs, and sales aren't meaningfully affected, then there is no "hindrance" to business at all.
