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Chevron CEO Says Biden Should Stop Criticizing Big Oil

Discussion in 'Current Events' started by XXJefferson#51, Jun 21, 2022.

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  1. Louisiana75

    Louisiana75 Well-Known Member Past Donor

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    Is this satire?

    Government takeover to save us money? Funniest thing I've heard all day.
     
    Louisiana75, Jun 22, 2022
    #26
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  2. Louisiana75

    Louisiana75 Well-Known Member Past Donor

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    A huge investment is required for them to increase production, while Biden has promised to shut them down and end oil in the US. Why risk the investment on a trigger happy administration.
     
    Louisiana75, Jun 22, 2022
    #27
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  3. hawgsalot

    hawgsalot Well-Known Member

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    Exactly that was such a shortsided view it's laughable. Oil is high so I'm not going to produce more because I don't want to make more money??? Yea ok lol
     
    hawgsalot, Jun 22, 2022
    #28
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  4. hawgsalot

    hawgsalot Well-Known Member

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    Care to expand?
     
    hawgsalot, Jun 22, 2022
    #29
  5. mdrobster

    mdrobster Well-Known Member

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    Doesn't matter who is POTUS, no way these companies care.
     
    mdrobster, Jun 22, 2022
    #30
  6. CKW

    CKW Well-Known Member

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    They did when Trump was president. The question might be....what did Biden do to reverse us from low prices and self sustaining to high prices and dependent.
     
    CKW, Jun 22, 2022
    #31
  7. Louisiana75

    Louisiana75 Well-Known Member Past Donor

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    Then why would they have ever increased drilling and production in the past?

    If Biden promised to shut down any industry, do you think that industry would be willing to invest in expanding at his will?
     
    Last edited: Jun 22, 2022
    Louisiana75, Jun 22, 2022
    #32
  8. mdrobster

    mdrobster Well-Known Member

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    I have no doubt these companies are running actuarial calculations about whether to expand or not. What they did in the past does not dictate what they do now.
     
    mdrobster, Jun 22, 2022
    #33
  9. mdrobster

    mdrobster Well-Known Member

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    Oh yeah, Trump is just like E F Hutton. :)
     
    mdrobster, Jun 22, 2022
    #34
  10. Louisiana75

    Louisiana75 Well-Known Member Past Donor

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    And Biden doesn't dictate it either.
     
    Louisiana75, Jun 22, 2022
    #35
  11. Bearack

    Bearack Well-Known Member

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    Look what happened when the Federal government took over student loans. The cost of tuition sky rocketed and you could not longer discharge student loans.
     
    Bearack, Jun 22, 2022
    #36
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  12. CKW

    CKW Well-Known Member

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    When Trump was president, his policies increased supply and lowered prices and we were not dependent on OPEC. Have you forgotten? You wanted a president prepared to reverse all that and he did. Tell Biden to go back to Trump policies if lower oil prices and increased supply is really a goal.
     
    CKW, Jun 22, 2022
    #37
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  13. mdrobster

    mdrobster Well-Known Member

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    We can't be beholden to these companies to the point we have to give them special status and means just because of their work.
     
    mdrobster, Jun 22, 2022
    #38
  14. Louisiana75

    Louisiana75 Well-Known Member Past Donor

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    Biden should have thought of that before he promised to put them out of business.
     
    Louisiana75, Jun 22, 2022
    #39
  15. FreshAir

    FreshAir Well-Known Member Past Donor

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    you bought the talking points of big oil

    big oil is the one charging you an arm and a leg, while having record profits, and you want to blame Biden
     
    Last edited: Jun 22, 2022
    FreshAir, Jun 22, 2022
    #40
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  16. FreshAir

    FreshAir Well-Known Member Past Donor

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    if Big oil will not increase production and lower prices, I am fine with Government taking over

    that is not what is happening though, the CEO's already told us

    "Gas prices are high. Oil CEOs reveal why they're not drilling more"

    https://www.cnn.com/2022/03/24/energy/gas-prices-oil-production-wall-street/index.html

    "Today, oil companies are under enormous pressure from Wall Street to return cash to shareholders through dividends and buybacks, instead of investing in badly needed supply."
     
    Last edited: Jun 22, 2022
    FreshAir, Jun 22, 2022
    #41
  17. gfm7175

    gfm7175 Well-Known Member

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    No... Government needs to get out of the way, stop waging war against carbon-based fuels, and let them drill and bring supply to market in a profitable manner. Remember how LOW gas prices were under the entirety of Trump's term?? That's because Trump kept government out of the way, supported carbon-based fuels, and let them do their thing.

    They've already been revoking permits and otherwise making it difficult for oil companies to do their jobs.

    LOLOLOLOLOLOLOLOL HAHAHAHAHAHAHAHAHA LMFAOOOOOOO LOLOLOLOLOL HAHAHAHAHAHAHAHA LMFAOOOOOOOO

    THAT'S one of the funniest things that I have ever heard anyone say. You're talking about people who need other people to tend to their most basic needs... Government people don't know how to drill wells, dude.

    Under your scenario, there are no profits. You are having people who have no idea how to drill wells attempt to drill wells, people who have no idea how to collect and refine oil collect and refine oil, and you are proposing that they operate at a loss.

    You clearly have no idea how much oil companies profit nor how much debt there is. There isn't enough "profit" to pay off the debt.
     
    gfm7175, Jun 22, 2022
    #42
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  18. FreshAir

    FreshAir Well-Known Member Past Donor

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    if you like paying current gas prices, that is an option too
     
    FreshAir, Jun 22, 2022
    #43
  19. FreshAir

    FreshAir Well-Known Member Past Donor

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    People can be trained to drill, trust me, people would learn and fill those jobs, if it meant cheaper gas, I am all for it

    all the big oil has to do to prevent this.... lower prices

    some on the right want to support big oil and high prices

    [​IMG]
     
    Last edited: Jun 22, 2022
    FreshAir, Jun 22, 2022
    #44
  20. gfm7175

    gfm7175 Well-Known Member

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    Nah. It seems to be that the BRANDON REGIME wants to hurt America.

    Because they hate the constitution, hate freedom, hate capitalism, hate not having control over the actions of others, and they wish to follow an ideological agenda known by many names: "6uild 6ack 6etter", "green new deal", "climate justice", "green energy", etc...

    They don't WANT to do so (they instead want people to be able to afford their product)... They HAVE to do so in order to make a profit (to stay in business), and the Brandon Regime keeps making it harder and harder for them to do so.

    It's as if we are "the girlfriend" and the Brandon Regime is "the abusive boyfriend". We are in an abusive relationship with our own government.

    The right DID do so (under Trump's four year term). Gas prices were VERY cheap under Trump.

    You are wrong, yet again. --- Who is in charge right now, dude?? That's right... THE LEFT...
     
    gfm7175, Jun 22, 2022
    #45
  21. FreshAir

    FreshAir Well-Known Member Past Donor

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    Nah, seems the TRUMP REGIME wants to hurt America.

    [​IMG]
     
    Last edited: Jun 22, 2022
    FreshAir, Jun 22, 2022
    #46
  22. gfm7175

    gfm7175 Well-Known Member

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    Unconstitutional.

    The high prices are being caused (largely) by Biden Regime energy policies (and their war on carbon-based fuels). Prices were very low under Trump's Admin.

    ... due to record inflation. As a percentage, they really aren't making any more than they did before. They really don't have all that high of a profit margin.
     
    gfm7175, Jun 22, 2022
    #47
  23. Quantum Nerd

    Quantum Nerd Well-Known Member

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    Which Trump policies lowered oil prices and how did they do that?

    [​IMG]

    The covid recession lowered oil prices. Just before covid, oil prices were higher than when Trump took office. Of course, revisionist history to make Trump look good is a favorite discussion tool of Trumpers.
     
    Quantum Nerd, Jun 22, 2022
    #48
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  24. FreshAir

    FreshAir Well-Known Member Past Donor

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    Big oil will not increase supply until "until it becomes unavoidably obvious that high energy prices will sustain"

    https://www.cnn.com/2022/03/24/energy/gas-prices-oil-production-wall-street/index.html

    '"Discipline continues to dominate the industry," an executive from an oilfield services firm told the Dallas Fed in the survey. "Shareholders and lenders continue to demand a return on capital, and until it becomes unavoidably obvious that high energy prices will sustain, there will be no exploration spending.""


    if big oil has their way, you will never see cheap oil ever again
     
    Last edited: Jun 22, 2022
    FreshAir, Jun 22, 2022
    #49
  25. hawgsalot

    hawgsalot Well-Known Member

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    Reduced regulations, had lease sales which Biden still hasn't, even sold some in December which Biden tried not to honor and the courts ruled he had to issue them. OfCourse he restarted keystone which promoted major cost savings for companies and Americans. Biden literally the first day in office reversed all regulations Trump had gotten rid of. It worked so well the outlook of oil went to zero due to companies pumping more and more oil and America no longer needing OPEC.
     
    hawgsalot, Jun 22, 2022
    #50
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