Gasoline Gasoline!!!!!

ghost_of_lewis_samuels

Michael Peterson status
Oct 27, 2019
2,428
1,630
113
here's what i have found:

'
The biggest reason oil production isn’t increasing is that U.S. energy companies and Wall Street investors are not sure that prices will stay high long enough for them to make a profit from drilling lots of new wells. Many remember how abruptly and sharply oil prices crashed two years ago, forcing companies to lay off thousands of employees, shut down wells and even seek bankruptcy protection.

Executives at 141 oil companies surveyed by the Federal Reserve Bank of Dallas in mid-March offered several reasons that they weren’t pumping more oil. They said they were short of workers and sand, which is used to fracture shale fields to coax oil out of rock. But the most salient reason — the one offered by 60 percent of respondents — was that investors don’t want companies to produce a lot more oil, fearing that it will hasten the end of high oil prices.'

economic incentives for the businesses themselves

what do you think @GromsDad?
 
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GromsDad

Duke status
Jan 21, 2014
41,991
7,814
113
West of the Atlantic. East of the ICW.
here's what i have found:

'
The biggest reason oil production isn’t increasing is that U.S. energy companies and Wall Street investors are not sure that prices will stay high long enough for them to make a profit from drilling lots of new wells. Many remember how abruptly and sharply oil prices crashed two years ago, forcing companies to lay off thousands of employees, shut down wells and even seek bankruptcy protection.

Executives at 141 oil companies surveyed by the Federal Reserve Bank of Dallas in mid-March offered several reasons that they weren’t pumping more oil. They said they were short of workers and sand, which is used to fracture shale fields to coax oil out of rock. But the most salient reason — the one offered by 60 percent of respondents — was that investors don’t want companies to produce a lot more oil, fearing that it will hasten the end of high oil prices.'

economic incentives for the businesses themselves

what do you think @GromsDad?
When your cut & paste mentions they are not sure if prices will remain high long enough for them to make a profit from frilling new wells.............I have a question: What effect do government regulations have on cost and profits for oil companies?
 

ghost_of_lewis_samuels

Michael Peterson status
Oct 27, 2019
2,428
1,630
113
When your cut & paste mentions they are not sure if prices will remain high long enough for them to make a profit from frilling new wells.............I have a question: What effect do government regulations have on cost and profits for oil companies?
Yes, lots of questions - important to keep asking to get to the bottom.

i think that regulation leads to at least some longer term guidance
 

afoaf

Duke status
Jun 25, 2008
40,853
13,789
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When your cut & paste mentions they are not sure if prices will remain high long enough for them to make a profit from frilling new wells.............I have a question: What effect do government regulations have on cost and profits for oil companies?
the entire line of questioning assumes that prices spiked due to regs

the prices were status quo within the existing regulation regime through obama and trump, then covid happened, and suppliers reduced output, and prices at the pump were decoupled from international commodity prices

none of these primary causes is addressed by your nebulous and nonspecific allusions to regulations
 
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hammies

Rabbitt Bartholomew status
Apr 8, 2006
8,255
4,894
113
here's what i have found:

'
The biggest reason oil production isn’t increasing is that U.S. energy companies and Wall Street investors are not sure that prices will stay high long enough for them to make a profit from drilling lots of new wells. Many remember how abruptly and sharply oil prices crashed two years ago, forcing companies to lay off thousands of employees, shut down wells and even seek bankruptcy protection.

Executives at 141 oil companies surveyed by the Federal Reserve Bank of Dallas in mid-March offered several reasons that they weren’t pumping more oil. They said they were short of workers and sand, which is used to fracture shale fields to coax oil out of rock. But the most salient reason — the one offered by 60 percent of respondents — was that investors don’t want companies to produce a lot more oil, fearing that it will hasten the end of high oil prices.'

economic incentives for the businesses themselves

what do you think @GromsDad?
Cliff's notes edition:
The biggest reason oil production isn’t increasing is profits
 

SteveT

Miki Dora status
Apr 11, 2005
5,239
1,052
113
All I know is 18 freakn' cents a gallon aint going to do $hit for the everyday person.
The whole idea that its going to make a difference is pure political bull$hit :foreheadslap:
 

kidfury

Duke status
Oct 14, 2017
17,575
5,765
113
Choose gromsdad -1. Gasoline is $2 a gallon or,
2. A Republican is elected after Biden.

Cause if #1 happens #2 isn't, right.

If it means getting more "Rs" in, are high gas prices worth it?
 

mundus

Duke status
Feb 26, 2018
24,892
8,280
113
It is obvious the oil companies are making up for lost profits during Covid knowing many stupid deplorable Americans will blame Biden/Dems leading to friendlier Repubs taking over. Screwing over the average person is a win/win for them.
 

mundus

Duke status
Feb 26, 2018
24,892
8,280
113
Its the oil companies. They are killing it profit wise.
Its the Reps/Dems that use it as a political tool, there isn't one fvckn' meaningful thing either one of them can do about the price of gas except waive a stupid tax for 3 months that won't do anything for anyone.
True, although oil companies prefer Republicans in charge, not that some Dems are not bribed willingly.
 

ghost_of_lewis_samuels

Michael Peterson status
Oct 27, 2019
2,428
1,630
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Translation: The federal government through onerous environmental regulations has created a situation where domestic oil exploration and new drilling isn't profitable unless the price is in the stratosphere.
back it up
is this about to become another betting thread!?
 

ghost_of_lewis_samuels

Michael Peterson status
Oct 27, 2019
2,428
1,630
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Its bizarre. You guys want to now act like Obama and Biden never did anything. They din do Nuffin.......now that the cost of gasoline is radioactive politically. Stop being dishonest and own it.
i haven't talked about biden, obama, trump, bush or anyone else, just looking at the landscape for oil producers.

you seem distracted by political sports teams. which is fine.

but if you want to look at what actually causes things to happen, let's do it together - gather your thoughts, make your statement and then let's see how we can measure the outcome.

a bet with agreed upon terms is a great way to do this.?
 
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ghost_of_lewis_samuels

Michael Peterson status
Oct 27, 2019
2,428
1,630
113
Its bizarre. You guys want to now act like Obama and Biden never did anything. They din do Nuffin.......now that the cost of gasoline is radioactive politically. Stop being dishonest and own it.
The set is rolling in - are you going to take off or paddle frantically towards the shoulder?
 

afoaf

Duke status
Jun 25, 2008
40,853
13,789
113
Its bizarre. You guys want to now act like Obama and Biden never did anything. They din do Nuffin.......now that the cost of gasoline is radioactive politically. Stop being dishonest and own it.
you guys notice how he has no specific claim?

it's all completely nebulous...what regs? specifically? what policies?

buh buh obama and biden

LOL!....he has no fkn clue what he's even talking about

he's just a toddler who enjoys saying "no"
 

ghost_of_lewis_samuels

Michael Peterson status
Oct 27, 2019
2,428
1,630
113
you guys notice how he has no specific claim?

it's all completely nebulous...what regs? specifically? what policies?

buh buh obama and biden

LOL!....he has no fkn clue what he's even talking about

he's just a toddler who enjoys saying "no"
no bet, no dice.

kook is as kook does
 

hammies

Rabbitt Bartholomew status
Apr 8, 2006
8,255
4,894
113
Translation: The federal government through onerous environmental regulations has created a situation where domestic oil exploration and new drilling isn't profitable unless the price is in the stratosphere.
Are you suggesting that domestic oil exploration and new drilling was NOT profitable prior to the current price runup?