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It has nothing to do with anything

Posted on: December 8, 2022 at 15:13:53 CT
KC rules MU
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The industry has to put up with various internal and external threats all the time. They realize politicians and policies come and go but the political pressures of high oil prices usually result in the bark being far worse than the bite. Biden's policies haven't had much of an impact in the oil industry. For all the green initiatives in Europe, California and elsewhere in the world, demand for oil just keeps going up post Covid.

Plus, oil companies don't control the price of a barrel of oil. It's a commodity, the price is a function of supply and demand. The price of oil impacts everything else in the chain. It's absurd to think that oil companies would use the reasoning you describe; if demand drops or supply increases, it is guaranteed the price will fall as well.

Edited by KC rules at 15:14:14 on 12/08/22
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Some good news - JayHoaxH8r MU - 12/8 07:43:11
     Indeed it is - MIZ45 MU - 12/8 09:58:57
          You mean prices will come up when someone farts - JayHoaxH8r MU - 12/8 10:41:25
               No. When your Joe furthers his green agenda - MIZ45 MU - 12/8 11:59:12
                    bahah - JayHoaxH8r MU - 12/8 13:20:27
                         Promising to shut down oil companies isn't going to result - MIZ45 MU - 12/8 13:42:08
                              It has nothing to do with anything - KC rules MU - 12/8 15:13:53
     Oil Companies - Shu MU - 12/8 09:45:49
          Probably not wanting - JayHoaxH8r MU - 12/8 10:41:53
          Let's not forget to give thanks to Putin, too! (nm) - MIZ45 MU - 12/8 09:59:52
     Some real news. Biden has taken from emergency reserves - MizzouTigerz MU - 12/8 08:21:05
     Gas prices were neverthe issue - people didn't stop driving - tigerinhogtown STL - 12/8 07:59:22
          There's a lot of reasons why diesel is higher than gasoline - KC rules MU - 12/8 10:08:20
               saying Biden isn't one of then is misleading - the energy - tigerinhogtown STL - 12/8 10:45:42
                    Not misleading. His policies have nothing to do with why - KC rules MU - 12/8 15:06:23
                    Perhaps these oil companies should build more refineries - JayHoaxH8r MU - 12/8 11:01:47
                         when policies are getting rid of need in 10 years - tigerinhogtown STL - 12/8 11:08:35
                              Diesel won't be gone in 10 years - JayHoaxH8r MU - 12/8 11:12:38
                                   or take the refineries you have and convert them to diesel - tigerinhogtown STL - 12/8 11:17:50
                                        Or build more - JayHoaxH8r MU - 12/8 11:31:14
          People stopped driving - JayHoaxH8r MU - 12/8 08:11:45
               You credit supply/demand for lower prices - Sal CMSU - 12/8 08:14:04
     So it’s 2 cents cheaper than the already high prices - Outsider MU - 12/8 07:48:07




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