The worst thing you could do for our oil companies is to kill the sanctions on Russia and allow them to introduce their supply to the market. That will reduce prices. Worse - it lets Russia restart the money train to rebuild its military.
And our president is making all of that a big priority in his peace (surrender) talks with Russia.
Originally posted by: Boilerman
Kevin, if government makes oil extraction less expensive, more drilling will happen. This is a fact. One of the best ways to make drllling less expensive is for government to offer more lucrative drilling opportunities. This includes drilling in Alaska, California, Florida and other places.
The founder of Pioneer Natural Resources, who just sold his company to Exxon for $60 billion, disagrees with you.
Let's see, do I think these folks are more knowledgeable?
Boilerman:
"'I was never an oil worker, but I have worked for two oil companies for a combined 20 years. My dad worked in the oil business his entire career as an engineer. His father worked in the oil industry his entire career as an engineer. . My best friend recently retired after 40 plus years. Pete managed several gulf of
Mexico platforms....about $15 billion in assets.""
Or Scott Sheffield? I'm going with Scott.
Ex-Pioneer CEO: Shale Can’t Thrive at $50 Oil | OilPrice.com
"The founder of Pioneer Natural Resources has a warning for the U.S. oil producers—the next two years will not be easy, and “drill, baby, drill” isn’t happening at $50 oil price."
Does he sound like a Lyin' lib to you?
Originally posted by: MaxFlavor
The founder of Pioneer Natural Resources, who just sold his company to Exxon for $60 billion, disagrees with you.
Let's see, do I think these folks are more knowledgeable?
Boilerman:
"'I was never an oil worker, but I have worked for two oil companies for a combined 20 years. My dad worked in the oil business his entire career as an engineer. His father worked in the oil industry his entire career as an engineer. . My best friend recently retired after 40 plus years. Pete managed several gulf of
Mexico platforms....about $15 billion in assets.""
Or Scott Sheffield? I'm going with Scott.
Ex-Pioneer CEO: Shale Can’t Thrive at $50 Oil | OilPrice.com
"The founder of Pioneer Natural Resources has a warning for the U.S. oil producers—the next two years will not be easy, and “drill, baby, drill” isn’t happening at $50 oil price."
Does he sound like a Lyin' lib to you?
Mexico platforms....about $15 billion in assets.""
Or Scott Sheffield? I'm going with Scott.
Ex-Pioneer CEO: Shale Can’t Thrive at $50 Oil | OilPrice.com
"The founder of Pioneer Natural Resources has a warning for the U.S. oil producers—the next two years will not be easy, and “drill, baby, drill” isn’t happening at $50 oil price."
Does he sound like a Lyin' lib to you?
Boilerboob betrays his fundamental misunderstanding of the basics of economics. He probably thinks that if his local McDonald's starts making twice as many hamburgers, they'll make twice as much money.
Even my neighbor's kid down the street knows that he isn't going to get rich by making 50 gallons of lemonade for his stand.
As I've said before, while Boilerboob's ignorance is vast, I expected him to know the elementary concepts of supply and demand. I guess all he can actually do is squawk Lyin' Lib over and over.
