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LT Barclay

(3,113 posts)

16. First I'd like to know the status of the existing wells. If I remember correctly (which happens

Reply to oldsoftie (Reply #13)

Wed Oct 5, 2022, 08:01 PM

Oct 2022

on occasion) US companies were closing down wells in the Gulf of Mexico becuase prices were so low.
Considering that the oil companies are trying to punish us all for having the audacity to elect a democrat to the office of president and he dared to eliminate some of the leases to offshore oil fields, I think it is quite likely they are holding back on production.
I really should find a way to invest, because I would have nearly bet the house that prices would go up if Biden won. I would still bet that price will go down if the house and/or senate changes majorities.

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White House accuses Opec+ of aligning with Russia [View all] Mr. Sparkle Oct 2022 OP

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Time to make what they have useless Fullduplexxx Oct 2022 #5

I'm glad I bought a hybrid... regnaD kciN Oct 2022 #17

This message was self-deleted by its author Fullduplexxx Oct 2022 #6

The US has been very foolish to let Saudi/Russia/China have so much leverage. Irish_Dem Oct 2022 #7

Special Report: Trump told Saudi: Cut oil supply or lose U.S. military support - sources TomCADem Oct 2022 #20

We simply MUST pressure US companies to raise their production. Whatever it takes oldsoftie Oct 2022 #8

A lot of US oil is simply exported because it is the wrong kind of oil for US refineries. Lonestarblue Oct 2022 #9

I know WE can't use all we can produce, but other countries can. oldsoftie Oct 2022 #12

I've also read we are a net exporter of refined products. LT Barclay Oct 2022 #15

Including fracking? former9thward Oct 2022 #11

If thats what it takes yes. Fracking would be much faster than drilling. oldsoftie Oct 2022 #13

First I'd like to know the status of the existing wells. If I remember correctly (which happens LT Barclay Oct 2022 #16

I would like to know too. I do know when 1 is shut down it takes awhile to restart. oldsoftie Oct 2022 #18

We just suffered a summer of catastrophic climate change effects NickB79 Oct 2022 #24

Cut off all aid, weapons sales, and shutter our bases. Scalded Nun Oct 2022 #10

I'm glad the Biden administration StormKing Oct 2022 #14

White House Press Secretary tweet Slammer Oct 2022 #21

The Fact That OPEC is announcing a cut in production shortly before the election... TomCADem Oct 2022 #22

Where would OPEC get such an idea? Kid Berwyn Oct 2022 #23