What they should do with all that profit is buy back the refineries and shipping terminals they sold to the Saudi government
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Gasoline Gasoline!
- Thread starter GromsDad
- Start date
In fiscal 2016 the federal government made $36 billion on fuel tax revenue….
California State government takes in about $5 billion a year.
Anything owned by the Saudis, Chinese, or any other foreign government should be seized and auctioned to Americans
All debt should be responded to with a “come and get it”
All debt should be responded to with a “come and get it”
you're repeating tired tropes
they had their largest production year ever
there is no shortage of available leases and currently held leases that are not being used
exploration...it's 2023
Chevron was founded in 1879
Standard Oil was founded in 1879; Chevron is the result of the government breaking up the Trust
Good. They need that money to maintain their existing transportation infrastructure.
How about appeal to direct experience, dummy. I’ve been in the industry for 25 years (arguably all my life tbh).
You have no idea wtf you’re talking about.
still an appeal to authority
plenty of leases not being employed now and new leases still available
production output highest in over a decade
annual profits at record levels; stock buybacks and big dividends; they have plenty of money for **exploration** and the government is neither trying to stop them nor put them out of business
Why waste time explaining when you consider information derived from direct knowledge through decades of experience to be a logical fallacy?