https://www.facebook.com/photo/?fbid=1954054001675680&set=gm.7590858980968124&idorvanity=4020611574659567
https://www.facebook.com/photo/?fbid=1954054001675680&set=gm.7590858980968124&idorvanity=4020611574659567
Thanks for the reminder !
Under Joe Biden - The US produces more oil than any country in the history of the world ever....
But the good news is - Joe Biden is old. Thats big.
U.S. Oil and Gas Production Continues to Shatter Records | OilPrice.com
Yep, the oil companies are doing well, increasing dividends and buying back stock, probably a good addition to a stock portolio for the long term.
This article is 3 days old, I hope I don't get chastised for old news again.
The problem is that the biden gang is cutting back on exploration. Once the current wells run dry; what then?
https://www.cnn.com/2024/04/19/climate/alaska-drilling-ban-biden-climate/index.html
https://www.nytimes.com/2023/09/07/climate/biden-drilling-climate-oil.html
https://www.cnbc.com/2021/01/27/biden-suspends-oil-and-gas-drilling-in-series-of.html
https://video.search.yahoo.com/search/video?fr=mcafee&p=biden+cutting+oil+exploration+and+production&type=E211US1079G91652#id=1&vid=72355b2e2e986e416eaad149d042e919&action=click
The reality -- Thinking back before brain dead Biden took office, gas was $ 2.10/ gallon at the pump, oil reserves were full and America was exporting oil. It has only taken the current administration 3+ years bring oil production to where we find it today, with the current cost of gas at the pump being $3.25 after averaging over $3/gallon since 2020. Millions of Americans have paid the price, costing them untold extra millions. - Gasoline prices hit at an all-time high of more than $5 per gallon in the summer of 2022. This historic rise in gasoline prices helped push inflation as measured by the Consumer Price Index (CPI) to 9.1 percent in June, the highest rate of U.S. inflation in more than 40 years. - there really is no good news about the cost of gas since Biden took office.
Great point, David! If you have 18% unemployment, half the country working from home, and nobody taking airplanes becasue of a global pandemic then you get cheap oil and gasoline.
And you're bragging about that environment? ok then.
Originally posted by: PJ Stroh
Great point, David! If you have 18% unemployment, half the country working from home, and nobody taking airplanes becasue of a global pandemic then you get cheap oil and gasoline.
And you're bragging about that environment? ok then.
HahHahHahHahHahHah - that is one of the dumbest things you have ever posted - and that is saying a lot.
"Hahahah, you're dumb." Great rebuttal. PJ is right on the money, you can't discount the impact of a global pandemic on the economy, either then or now, and reduce things to "I'm going to vote for Trump because gasoline was cheaper back then."
Quote tom:"The problem is that the biden gang is cutting back on exploration. Once the current wells run dry; what then?
https://www.cnn.com/2024/04/19/climate/alaska-drilling-ban-biden-climate/index.html
https://www.nytimes.com/2023/09/07/climate/biden-drilling-climate-oil.html
https://www.cnbc.com/2021/01/27/biden-suspends-oil-and-gas-drilling-in-series-of.html
https://video.search.yahoo.com/search/video?fr=mcafee&p=biden+cutting+oil+exploration+and+production&type=E211US1079G91652#id=1&vid=72355b2e2e986e416eaad149d042e919&action=click"
Rig count is down, oil production is up. Proved reserves are up and Biden can't be in office for more then a little more then 4 years, so I'm pretty sure it's going to be OK.
This report was released April 29th, 2024
"U.S. crude oil and lease condensate proved reserves increased 9% from 44.4 billion barrels to 48.3 billion barrels at year-end 2022 (Table 1)."
Proved Reserves of Crude Oil and Natural Gas in the United States, Year-End 2022 (eia.gov)
By the way did you know that oil is a global market and just because Exxon or whomever pumps it in the USA doesn't mean they have to sell it in the USA? With capitalism they can sell it to whomever they want, they can also adjust their production so that they reduce costs, hopefully maintain higher prices and realize the greatest profit? The President has little impact on that.
Exxon beats estimates, ends 2023 with a $36 billion profit | Reuters
Occidental beats profit estimates on higher oil prices | Reuters
Pioneer reports lower profit ahead of its takeover by Exxon | Reuters
Chevron profit sinks but beats estimates, shares up | Reuters
ConocoPhillips misses quarterly profit estimates on lower gas prices | Reuters
Mild winter, production up, and lower natural gas prices all come into play.
Why doesn't MAGA not believe in free enterprise and captialism? Weird.
Max dropping knowledge in the AM. But some will come on here and call him a liar even though he posts sources.
