One of my favorite topics that no one cares about, US oil production and MAGAs ignorance on capitalism

While Trump says, "drill, baby, drill", the oil companies say, "profit before US patriotism", why is that a surprise to MAGA?" 

CNBC interview, Nov 1, 2024

"Exxon CEO Darren Woods said U.S. shale oil production does not face external constraints.

• Production levels in the U.S. are driven by the oil and gas industry deploying capital to generate shareholder returns, Woods said.
• “Certainly we wouldn’t see a change based on a political change,” the CEO said."

Why does MAGA want to nationalize publically traded companies, some of them foreign?

Exxon CEO says U.S. election won't affect oil production

Any thoughts tom, nines, DM, racist boiler, hilbert, et al? 

Maybe Trump thinks he can issue orders to the fossil fuel companies? Or maybe he thinks they'll invest capital to create a supply glut and crater prices?

Big corporations LUVVV Trump, but they love profits more.

What is your source for suggesting that MAGA and / or conservatives ( though there's overlap in approaches they are NOT the same unless you're using an urban thesaurus) want to nationalize publicly traded companies? The theme of your inquiry suggests that this nationalization is to be applied to oil and gas companies specifically.

Define nationalization, please. Usually that term refers to conditions in which the 

govt / state assumes control of formerly private enterprises. I can't see a majority of  fiscal conservatives approving of that general approach for most any industry; what am I excluding / missing in your scenario here? 

Regardless, I'm a no vote on nationalizing publically traded US oil and gas companies; it would potentially limit  so called free market influences like supply, demand,  and competition, etc. Corny facts.The global oil and gas markets price drivers are much more complicated than that but those age old economic factors still apply.

It's implied when Trump/the MAGAs/conservatives/Sarah Dumdum Palin/whoever bark "drill, baby, drill." How would the executive branch of the US government force private companies--in ANY industry--to increase production--unless those companies were nationalized? The President would have no such power, except perhaps in wartime.

As to whether Trump/MAGA would approve of such an unRepublican move, it being antithetical to their so-called core values, I need only ask this: how many other such values has the Republican party shat on since the Turd rose to power? You're a Republican. I'm sure you could name half a dozen extremely unRepublican things your gang has recently done.

So the Trump promises, while like all his other promises, are not worth the paper they're not written on, would require nationalization in order to become reality. Someone who says he would control production and prices obviously must be contemplating seizing such control by means legal or extralegal--otherwise, he's just blowing smoke out of his ass.

I find it hilarious BTW that nationalizing the fossil fuel industry has been a wet dream of liberals for decades, and here's the Republican party saying that they want to do that as well.

I agree, I was using hyperbole to highlight Trumps' and MAGA's insistence that the President controls oil prices and that Trump will lower oil prices if he becomes President.

I have very clearly differentiated between MAGA and conservatives in many of my posts, I will gladly vote for a RINO, never for a MAGA. Remember how you assumed since I favored renewable energy that I would also support EV subsidies?  I don't lump everything into all-or-nothing boxes, although I will confess I have painted some conservatives as MAGA unfairly, we all have biases.

Democrats have held the white house for 12 of the last 16 years throughout all of which I have been continuously lectured on this board how horrible the  Democrats are for the oil industry  - and how they arent  letting the producers produce.   

Yet here we are today with record production.       

Somebody got their story wrong.    I think its the same people who falsely claim they won the 2020 election.

That's all reasonable.

Update on Exxon:

Exxon's $8.6 billion profit beats as record output offsets weak fuel prices

"Exxon Mobil on Friday edged past Wall Street's third quarter profit estimate, boosted by strong oil output in its first full quarter that includes volumes from U.S. shale producer Pioneer Natural Resources."

""We had a number of production records" in the quarter, said finance chief Kathryn Mikells, citing an increase of about 25% year-on-year in oil and gas output to 4.6 million barrels of oil equivalent per day (boepd)."

Seriously, does MAGA still think that oil production is down because of Biden?

Yes, they still do, because Trump tells them that, and they lack the ambition and the intellectual ability to verify it.

Consider how many fools think the economy is horrible, and how many fools think that Trump could "fix" it 

Too much factual evidence to deny oil production numbers have increased under Biden.. There was mention earlier about the oil CEO claiming that Trump couldn't influence price. It's possible he could by increasing the supply via deregulation and opening up currently restricted known oil locations (ANWR, for instance), both of which he's indicated in the campaign despite the likely firestorms that'll arise from those actions.