$125/barrel and rising.

[Jim in CT]

Originally Posted by wdmso

Seems you got ahead of your self
I said oil companies control what’s pumped ,,

And you and many others are suggesting they should pump more to bring down the Price

So if you control demand you directly or indirectly influence price

And oil being priced as a Global commodity supply is controlled by those who pump it . And demand by who needs it..

in a nutshell those who produce control supply and the price

The demand side is not with out influence and with out Covid oil never would have seen 35 bucks a barrel
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but youre all implying oil companies want this, and even higher prices. higher prices aren’t always better. There’s a sweet spot on the price/demand curve and we’re probably past it, and going way up again today.

agreed that covid was the main driver of oil down. And covid relief was a big driver of oil going back up. But there are other forces pushing oil further up than where it was before covid.

Liberalism generally speaking, is anti fossil fuel. you can deny that all you want for political convenience based on current events. But Biden put a halt to all new permits on federal lands for as long as he could, because he promised the greenies he’d do just that.
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