Quote:
Originally Posted by wdmso
https://www.npr.org/2022/03/19/10869...crude-drilling
Here are 3 reasons why Big Oil can't just drill more to ease the pain at the gas pump
The point from which you drill a rig to the point that you can turn it online, it takes about six to eight months typically,
The number of workers producing oil and gas had been steadily decreasing since 2015.
"Energy companies were very afraid to ramp production because they were going to get punished by investors,
those same investors that may now prevent oil companies from boosting production too much, even as others push for a "drill, baby, drill"
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if the biden administration hadn’t put a moratorium on new leases when they took office in january 2021 ( more than 6 to 8 months ago), how much more might we be producing?
it’s also speculative pricing wdmso, you know those. pricing is based, in part, on a the speculation of what supply will be.
Not one person in the world
believed that Biden was going to
increase oil production. Every sane person believed production would
decrease. that’s going to increase price, all other things being equal.
you can’t win this. it’s a lie to say biden caused all of it. it’s also a lie to say he had no hand in it.
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