Quote:
Originally Posted by Chico23231
FYI:
If the United States is serious about this, they could come back and help us build Keystone XL," Premier Jason Kenney said at a press conference on Monday. "If President Biden had not vetoed that project, it would be done later this year – 840,000 barrels of democratic energy that could have displaced the 600,000 plus barrels of Russian conflict oil that’s filled with the blood of Ukrainians."
https://www.foxbusiness.com/lifestyl...ed-russian-oil
That’s from the Canadians…but the strategy of “playing dumb” now from the idiots above who supported that the move and say dumb shit like that are the direct reason why gas is 4.40 a gallon. |
chico you're a fool.
https://news.yahoo.com/oil-gas-execu...204337317.html
Oil And Gas Executives Say It's Not Joe Biden Holding Back Domestic Production
The top reason domestic energy production hasn’t ramped up isn’t Joe Biden’s green energy agenda, according to oil company executives. Instead, it’s a lack of enthusiasm from investors.
A majority of oil and gas executives surveyed by the Federal Reserve Bank of Dallas this month pointed to pressure from investors as the top obstacle to growth. Less than 10% blamed government regulation.
“We are maintaining discipline in capital spending to maintain great internal rates of return,” said one executive at an unnamed exploration and production firm, referring to profits from earlier investments.
The Dallas Fed survey comes at a moment of fierce political debate over rising gas prices and overall high inflation, with Republicans blaming higher fuel costs entirely on Biden.
Biden’s critics have ignored the fact that Wall Street investors are pressuring U.S. drillers to limit production amid record prices.
More than half — 59% — of the 139 executives surveyed by the Dallas Fed listed investor pressure as the primary reason producers are keeping production down.
Still, in anonymous comments collected by the Fed, several executives did blame their woes on the Biden administration’s green agenda.
“I feel that the primary reason that publicly traded oil producers are restraining growth despite high oil prices is a two-headed monster, with capital discipline and governmental regulations due to the green progressives in the administration’s ear,” one executive from an oil and gas support service firm wrote.
“The talk about price gouging is tiresome,” complained another. “Discussion of federal leases and those leases being unused without an honest discussion about all the constraints and regulatory issues to drill is also unhelpful.”
But other comments reflected the pressure from investors to avoid plowing capital into new exploration and drilling projects.
“Investors dumped huge funds into shale drilling only to discover that when oil prices dropped, very little value existed at the end of the day,” one executive said. “Investors have demanded restraint and capital discipline of their client companies.”