General Discussion

jmowreader

(53,209 posts)

51. Not only that...

Sun Jun 12, 2022, 04:20 AM

Jun 2022

...but a lot of wells are capped right after they're drilled. They don't need the oil yet, but it's there waiting for them when they do.

Opening up some of those wells would end the crude oil shortage very quickly.

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President Biden FTW: Energy Firms Not Drilling INTENTIONALLY To Increase Profits. [View all] Tommymac Jun 2022 OP

Nationalize. Are they leasing public lands??? NP get the military to pump and suspend leases! Samrob Jun 2022 #1

K&R, ... and the Saudi's are keeping their output lower than pre 2019 uponit7771 Jun 2022 #2

UGH..... Lovie777 Jun 2022 #3

Up to their shoulders in Big Energy's butt. nt Tommymac Jun 2022 #4

Got that right Rebl2 Jun 2022 #11

Accepting millions of dollars in ad revenue. progressoid Jun 2022 #10

I wish more elected dems would talk about this problem FloridaBlues Jun 2022 #5

I agree completely! whathehell Jun 2022 #45

This message was self-deleted by its author Chin music Jun 2022 #6

Can they Rebl2 Jun 2022 #12

Depends on what the terms in place were when they signed the paperwork. cstanleytech Jun 2022 #49

Congress SAYS that, of course, but that has never really been the case. PatrickforB Jun 2022 #37

Good post. Thank you. yonder Jun 2022 #43

I hope there is something he can do to force Beachnutt Jun 2022 #7

To force? Defense Production Act? mwooldri Jun 2022 #17

Again with the "just have someone else do it" Lurker Deluxe Jun 2022 #25

Futile? No. Very,verrrrrrry difficult though as the companies and the people that own them have deep cstanleytech Jun 2022 #50

Yep. dalton99a Jun 2022 #8

K&R PatSeg Jun 2022 #9

But we don't want them to drill. House of Roberts Jun 2022 #13

A big issue is lack of workers Abnredleg Jun 2022 #14

Lots of refineries in Texas. Lots of migrants in Texas. Lonestarblue Jun 2022 #20

There are lots of refineries Abnredleg Jun 2022 #23

If the refineries are operating at capacity, they can't blame this on a supply shortage. King_Klonopin Jun 2022 #48

Gee, what's that term when businesses collude to strangle the market and keep prices high? 🤔 TheBlackAdder Jun 2022 #15

If we all went into strict conservation mode, this would be a win for all of us. Scrivener7 Jun 2022 #16

We need to go on the attack randr Jun 2022 #18

Best line I've read today. KS Toronado Jun 2022 #21

Yep, Biden's political sense shines yet again gulliver Jun 2022 #19

Time for a windfall profits tax. BlueIdaho Jun 2022 #22

We are in desperate need of that tax. notinkansas Jun 2022 #35

He's leading by example... 2naSalit Jun 2022 #24

In 2008 videohead5 Jun 2022 #26

Wait a minute... I thought drilling for oil was bad. hunter Jun 2022 #27

There should be time limits to use by placed on them judesedit Jun 2022 #28

Once again, it isn't the price per barrel - harumph Jun 2022 #29

Hammer this home Raven123 Jun 2022 #30

Whenever this gets looked into, the price mysteriously drops. C Moon Jun 2022 #31

I guess that explains their record profits wendyb-NC Jun 2022 #32

This is the capitalist utopia we live in here in 'Murika. PatrickforB Jun 2022 #33

Capitalism (inevitable and a great good) needs rules gulliver Jun 2022 #38

Indeed. No thinking person would ever say we should, or even can, eliminate a free market. PatrickforB Jun 2022 #40

I completely agree with you gulliver Jun 2022 #41

+100000 moondust Jun 2022 #42

This is not a surprise at all. Hulk Jun 2022 #34

bully pulpit time....primetime... bahboo Jun 2022 #36

Yes. Call them out. lees1975 Jun 2022 #39

Everyone needs to quit using gas when possible SouthernDem4ever Jun 2022 #44

Sorry, but they don't even need to drill. When prices were low they were shutting down rigs in the LT Barclay Jun 2022 #46

Not only that... jmowreader Jun 2022 #51

My understanding is we have an exporting problem ismnotwasm Jun 2022 #47