Our Big Oil Companies now making a fortune …on us

[steplift20]

This is all Bidens doing, everything.and Biden is in big oils pocket .

[bgreene]

Originally Posted by steplift20

This is all Bidens doing, everything.and Biden is in big oils pocket .

You tell em’ Steppie ! Hahah
Big oil wins no matter what !

[Destroyer]

Well, that's one of those misleading "facts" that the Dems are so fond of posting.
FACT yes, there are slightly over 6000 oil leases on Federal land that are not being drilled of pumped.
FACT a lot of those holes are dry.
FACT The cost is astronomical to drill, even if you get a permit to do so.
FACT A lease is NOT a permit. If you are lucky enough to actually strike oil getting a permit to actually pump the oil is quite another matter. There are years of environmental, federal and local barriers. Then you also have the costs of permits to install pipelines (different from pumping the oil///more environmental studies, etc.).

I could go on but you get the idea. They (Biden and the Dems) are not lying when they say that there are 6000 leases open, they just don't tell the rest of the story.

They are also trying to say that the high gas prices are Putins fault when anyone with half a brain knows that they started rising the first week that Biden took office. Yes, the Ukraine invasion has pushed oil prices up almost a quarter more than what they were, but that's still $.75 cents of every dollar of increase is squarely on Biden's back... NOT Putins.

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[bgreene]

Big Oil Corporations LOVE high prices and are making HUGE profits of us now.

It’s been said that Big Oil runs America…….easy to understand why .

[Destroyer]

Originally Posted by bgreene

Big Oil Corporations LOVE high prices and are making HUGE profits of us now.

It’s been said that Big Oil runs America…….easy to understand why .

Actually, it's not so much Big Oil that's making the profits so much as it is the speculators on Wall Street. Not many people know it but the oil that's in a tanker may change ownership several times before it reaches our ports. That's because speculators might buy it at (this is just an example) $100 a barrel for 50,000 barrels and then sell it to someone else for $101 a barrel. They just made a cool profit of $50,000. Now the person that bought it for 101 sells it for 102. They also make a 50,000 profit. All of this is happening while the ship is at sea. By the time it reaches port it's cargo may have transferred hands several times, each time adding to the price. So yes, Big oil is making a profit for sure, but they are not the only ones and it's doubtful they are making the lions share. Wall St. speculators are.

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[bgreene]

Originally Posted by Destroyer

Actually, it's not so much Big Oil that's making the profits so much as it is the speculators on Wall Street. Not many people know it but the oil that's in a tanker may change ownership several times before it reaches our ports. That's because speculators might buy it at (this is just an example) $100 a barrel for 50,000 barrels and then sell it to someone else for $101 a barrel. They just made a cool profit of $50,000. Now the person that bought it for 101 sells it for 102. They also make a 50,000 profit. All of this is happening while the ship is at sea. By the time it reaches port it's cargo may have transferred hands several times, each time adding to the price. So yes, Big oil is making a profit for sure, but they are not the only ones and it's doubtful they are making the lions share. Wall St. speculators are.

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Well destroyer you’re WRONG AGAIN .
Our biggest US Oil Companies ARE making a fortune ON US and they LOVE high prices !
Exxon-Mobil alone just reported record profits off us ….$6-8 billion last quarter and will make MUCH MORE this quarter !!!

https://www.reuters.com/business/ene...es-2022-02-01/

[Pipe_Dream]

How much profit should oil companies make?

[Pipe_Dream]

Originally Posted by bgreene

Big Oil Corporations are making HUGE profits of us now.

Some years they do. Some years they don't.

How much profit should they make?

[steplift20]

Just look back to day one this antiamerican president took office, oil starting going up , shutting down the keystone pipe line and this is why, not because of Russia,not because of the oil company's ,because of the lefts green new deal
In his debate he said , I'm going to shut down the oil company's , and he is doing just that.
Follow the money,see who invested in EVs , polosi Bidens AOC all of the left. Follow the money. His answer to high gas is, buy electric cars This gas issue is 110 percent his doing but you Biden people are so brain washed that you won't admit it. Watch what happens when Trump gets re elected gas will come down quick and the world leaders will fall back in line . Really Greene are you that dumb? But not only you all the people that don't like president Donald Trump . I was hoping Biden would be good but he is the worst even worst than carter . Follow the money see who invested in electric cars that's your answer.

[bgreene]

Originally Posted by steplift20

Just look back to day one this antiamerican president took office, oil starting going up , shutting down the keystone pipe line and this is why, not because of Russia,not because of the oil company's ,because of the lefts green new deal
In his debate he said , I'm going to shut down the oil company's , and he is doing just that.
Follow the money,see who invested in EVs , polosi Bidens AOC all of the left. Follow the money. His answer to high gas is, buy electric cars This gas issue is 110 percent his doing but you Biden people are so brain washed that you won't admit it. Watch what happens when Trump gets re elected gas will come down quick and the world leaders will fall back in line . Really Greene are you that dumb? But not only you all the people that don't like president Donald Trump . I was hoping Biden would be good but he is the worst even worst than carter . Follow the money see who invested in electric cars that's your answer.

No I don’t believe I’m dumb - maybe you are dumb for believing the lying cheating con man traitor trump who continues his LIE that he didn’t lose the election.