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I bet you don't watch Fox News! Arguments like this is stupid. "CEO of oil giant Chevron (CVX 4.18%), says he doesn't believe there will ever be another new oil refinery built in the U.S". Why would you invest more money in research and development, new technology etc, when the government just shit on your industry? The US is the largest producer of oil. The US is also the largest consumer of oil. We consume more than we produce.
Its not an argument, its a observation. Posts Ive seen from Hung_low, he takes a lot of his context from Carlson Tucker.
https://www.forbes.com/sites/rrapier/2022/06/11/exxon-made-more-money-than-god---but-far-less-than-apple/?sh=493db8d336edIf oil company are really gouging consumer than what is Apple doing? Again, oil company can't control the cost of oil. And if they don't watch what they're doing, they can end up losing money...
What's wrong with watching Fox? What's wrong with watching CNN? All of them are bias. He pointed a link to Forbes. Are you saying what he wrote down is wrong? You know what happened to the price of oil when Biden won his election in November 2020? It started going up because the market knew that his policies will affect the oil industry. Simple supply and demand.
Wally, you really think Oil companies are trying to help bring the cost down or is it out of their hands. I see Biden at least trying to initiate something.
Why would they? They got f*cked by Biden. Maybe you should watch some Fox News sometimes. Maybe he just need to continue to beg all these other countries that we have sanctions on for more oil. With inflation and oil this high... democrats are done. Even CNN is saying democrats are done for midterm elections. https://www.yahoo.com/news/cnns-midterm-election-forecast-unbelievably-110637876.html Tom Nash explains Exon's response to Biden.https://youtu.be/ok5V0HzJHP4Mark Moss talks about the oil price when Biden won the election all the way to the invasion.https://youtu.be/QQh9wkjh63Y
And someone said that Biden would destroy the oil industry... non Fox News of course.https://youtu.be/PIbrBk9b1HgHeck even Patrick Bet-David, an entrepreneur, just using common sense last July, predicted $10 gas prices.https://youtu.be/9CEQUA0XOugI take what the mainstream media says with a grain a salt... this includes Fox News.
Come on seriously? Right when he took office he signed EO to stop Keystone XL pipeline, indefinite ban on new oil and gas drilling/flaking lease on public land. He didn't think about the consequences.. . this is bad when you relied on foreign countries for your oil and this is happening in Asia, Europe, etc. etc. Companies exist to make money for their stock holder... not to fall even.Now, Brandon is just passing the buck around and won't take responsibility for his actions... first it was covid then it was Putin and when people started to not listen to his BS, he pushed it on the oil companies. https://www.forbes.com/sites/rrapier/2022/06/11/exxon-made-more-money-than-god---but-far-less-than-apple/?sh=493db8d336edIf oil company are really gouging consumer than what is Apple doing? Again, oil company can't control the cost of oil. And if they don't watch what they're doing, they can end up losing money...
“Big Oil’s profits have been used to enrich investors and executives—at the expense of American consumers paying higher prices. Exxon and Chevron both pledged up to $10 billion in stock buybacks in 2022. BP has announced $4.15 billion in buybacks, and Shell has announced plans for $8.5 billion worth of buybacks in the first half of 2022 alone.”https://oversight.house.gov/news/press-releases/chairs-maloney-and-khanna-call-on-big-oil-to-end-stock-buybacks-use-recordNot enough refinery is the bottleneck of gas prices, seem here oil corporations rather spend free cash flow on buy backs and increase dividends to make their executives and shareholders happy.
There is no point in arguing facts when all you do is lick Biden's balls when he tells you to lick his balls. The same goes for those that lick Trump's balls when he tells them to lick. There is no point in arguing with hmgpebble because my dog is smarter than him. The fact is that Biden ran his campaign on green energy. Now that his approval rating is shit, inflation is at the highest since 40 something years and the democrats are predicted to lose by a landslide during the midterm election.... he and many like you think approving permits will allow oil companies to start magically drilling overnight. It is funny that Biden approved more permits than Trump because that clearly shows that he f*cked up since he did run on green energy. I'm no oil and gas expert and you are not either, but when the two CEOs of some of the largest oil companies come out and pretty much said you f*cked us and there may never be another oil refinery to be built on the US again.... that says alot.