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US Worlds Top Producer of Oil and Gas

Pico

Pico

Duke status
Aug 20, 2010
21,962
6,726
113
SUP Nation
Who knew? This is an outrage!!

Scott Sheffield, founder and longtime CEO of a leading American oil producer, attempted to collude with OPEC and its allies to inflate prices, federal regulators alleged on Thursday.

The Federal Trade Commission said Sheffield, then CEO of Pioneer Natural Resources, exchanged hundreds of text messages discussing pricing, production and oil market dynamics with officials at the Organization of the Petroleum Exporting Countries, or OPEC, the oil cartel led by Saudi Arabia.

Regulators say Sheffield used WhatsApp conversations, in-person meetings and public statements to try to “align oil production” in the Permian Basin in Texas with that of OPEC and OPEC+, the wider group that includes Russia.

“Mr. Sheffield’s communications were designed to pad Pioneer’s bottom line — as well as those of oil companies in OPEC and OPEC+ member states — at the expense of US households and businesses,” the FTC complaint said.

Unlike with OPEC nations, US oil production is supposed to be decided by the free market, not by coordination among the major players.

Sheffield retired in December 2023 as CEO of Pioneer. The company he founded is the biggest producer in the Permian Basin, the abundant oil field that has helped make the US the world’s top producer of oil and gas.
 
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K

Kento

Duke status
Jan 11, 2002
69,342
21,868
113
The Bar
Easy solution - liquidate his entire net worth and redistribute to every American. Feed him the commodity value of the ill-gotten gains. At least in his case, only a few quarts of oil would do it.

Do the same for the rest of the gougers.

I bet there's around $30-50 trillion dollars going around in not all that many tight pockets.

No new being printed so inflation shouldn't be as much of a factor, even if more in circulation.

But alas - those who hold the reins of justice are earning together with the pricks.
 
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C

Clayster

Phil Edwards status
Oct 26, 2005
5,724
1,325
113
mundus said:
Maybe Gromsdad can stop bitching? Of course not, it is his entire deplorable personality.
Click to expand...
So... let's think this through.

I am greatly in favor of the US being energy sufficient, and producing oil.

But, didn't Biden take office vowing to shut down production, and kaboshed the keystone pipeline project at the cost of wasting billions and pissing off the Canucks?

Yet we, and the Canucks keep producing oil which is shipped by rail and tanker truck instead of a pipeline? That's more environmentally friendly and safer, right?

And now he tells the Ukrainians to quit droning Russian Oil depots so he can keep gas prices down in hopes of being re-elected? All the while we have sanctions on Russian oil.

Confusing.

Putting this together, Biden's energy strategy is completely incoherent and nothing more than pandering for votes.
 
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M

mundus

Duke status
Feb 26, 2018
38,005
16,746
113
Clayster said:
So... let's think this through.

I am greatly in favor of the US being energy sufficient, and producing oil.

But, didn't Biden take office vowing to shut down production, and kaboshed the keystone pipeline project at the cost of wasting billions and pissing off the Canucks?

Yet we, and the Canucks keep producing oil which is shipped by rail and tanker truck instead of a pipeline? That's more environmentally friendly and safer, right?

And now he tells the Ukrainians to quit droning Russian Oil depots so he can keep gas prices down in hopes of being re-elected? All the while we have sanctions on Russian oil.

Confusing.

Putting this together, Biden's energy strategy is completely incoherent and nothing more than pandering for votes.
Click to expand...
This all can be true and have noting to do with gromsdads anti factual bitching about not enough production here.
 
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grapedrink

grapedrink

Duke status
May 21, 2011
26,384
15,202
113
A Beach
Clayster said:
Yet we, and the Canucks keep producing oil which is shipped by rail and tanker truck instead of a pipeline? That's more environmentally friendly and safer, right?

And now he tells the Ukrainians to quit droning Russian Oil depots so he can keep gas prices down in hopes of being re-elected? All the while we have sanctions on Russian oil.

Confusing.
Click to expand...
Complicated but not confusing. Everything is sold on the world market through a complicated web of brokers and networks. To say that a certain commodity can only be used in the country/continent of production is the antithesis of the free market.
 
estreet

estreet

Miki Dora status
Feb 19, 2021
5,133
4,447
113
Southern Cali
grapedrink said:
Complicated but not confusing. Everything is sold on the world market through a complicated web of brokers and networks. To say that a certain commodity can only be used in the country/continent of production is the antithesis of the free market.
Click to expand...
Globalist. (n):roflmao:
 
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