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Indeed. That was part of my point

Posted on: December 11, 2023 at 19:02:26 CT

KC rules MU

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That Biden did little to impact the oil industry's capacity to produce. As prices start drop due to higher production, the rate of drilling wills will drop too and in a couple of years (if not sooner), prices will rise. And it won't be Biden's nor Trump's fault.

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MESSAGE THREAD

Were energy fears under Biden entirely warranted? - KC rules MU - 12/11 17:46:24

I don't see that as a particularly good thing. - GA Tiger MU - 12/11 21:17:13

"we" do buy other oil while it's cheap - ashtray UF - 12/12 07:34:37

yes, you're the only person who understands that oil is a fi - 90Tiger STL - 12/12 07:01:06

yes, they are warranted - pickle MU

- 12/11 20:19:31

He certainly drove a nail in the EV coffin.(nm) - DollarSigns MU - 12/11 20:18:37

I started out doing oil and gas as a lawyer - mu7176grad MU - 12/11 20:00:57

You mean high prices attracts production - meatiger MU - 12/11 18:59:12

Indeed. That was part of my point - KC rules MU - 12/11 19:02:26

Too bad you are against so - meatiger MU - 12/11 19:12:34

Such as? - KC rules MU - 12/11 19:14:17

Yes. There is a long lead time in bringing - tman MU - 12/11 18:45:10

RE: Yes. There is a long lead time in bringing - KC rules MU - 12/11 18:55:52

Takes 4 to 10 years from lease to production - tman MU - 12/11 21:31:28

Depends on the lease - KC rules MU - 12/11 21:34:52

And the increases in production in existing fields - tman MU - 12/11 21:40:40

Biden telegraphed policy changes that discouraged investment - Spanky KU - 12/11 19:00:52

RE: Biden telegraphed policy changes that discouraged investment - KC rules MU - 12/11 19:10:55

so biden didn't have an energy policy, didn't communicate it - 90Tiger STL - 12/11 19:33:21

My reference was only to oil and natural gas - KC rules MU - 12/11 19:43:26

My reason for asking is he sure campaigned on it and - 90Tiger STL - 12/11 19:47:06

RE: My reason for asking is he sure campaigned on it and - KC rules MU - 12/11 19:51:14

doesn't this stuff just make you laugh? - 90Tiger STL - 12/11 20:09:59

I think it's absurd to attack climate change - even if every - KC rules MU - 12/11 20:37:55

pragmatic - 90Tiger STL - 12/11 20:08:44

RE: pragmatic - KC rules MU - 12/11 21:08:58

I'm not arguing his policies' impact on oil supply (nm) - 90Tiger STL - 12/12 06:19:53

RE: My reason for asking is he sure campaigned on it and - 90Tiger STL - 12/11 20:07:27

I think he's probably finding the ability to do that is not - KC rules MU - 12/11 20:13:04

I think he's a blithering idiot who suffers from cognitive d - 90Tiger STL - 12/11 20:15:06

not really relevant to my point. This isn't Biden being - 90Tiger STL - 12/11 20:06:43

100% relevant - Spanky KU - 12/11 19:27:49

There's nothing true about that statement at all - KC rules MU - 12/11 20:07:17

Spanky talks out of his a$$ and then digs his heels in - ashtray UF - 12/12 07:39:48

I bring facts to the table - Spanky KU - 12/12 09:53:05

lol. ok, stunad (nm) - ashtray UF - 12/12 11:18:22

Refineries didn’t ramp back up until Robinette backed off - Spanky KU - 12/12 00:46:01

My original post had nothing to do with refining - KC rules MU - 12/12 11:38:09

Sometimes it’s a good idea to stay with your predecessors - El-ahrairah BAMA - 12/11 19:38:19

90%of the oil growth - meatiger MU - 12/11 19:32:57

Maybe not growth but the shale oil boom did indeed start - KC rules MU - 12/11 19:59:51

This is how it works . It is a boom-bust industry, and the - pinkman MU - 12/11 21:56:38

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