It's price gouging, not inflation or supply issues

[Monad Portal]

You moron.

Regulations have nothing to do with this.

Those oil companies could drill on millions of acres of land tomorrow, they're just choosing not to because drilling more reduces the price per barrel, and the costs to extract the oil are more than what that oil is worth on the global markets if it's extracted.

That's why they aren't doing any new drilling...it's not profitable because the commodity price is controlled by a cartel.

oh. it has something to do with it.

 

[LV426]

but your goal is increasing production.

That's not my goal.

you want overall less consumption for austerity, the environment and population control and high prices for your crony friends..

How could I be for increasing production but less consumption?

 

[LV426]

oh. it has something to do with it.

How?

 

[Althea]

Every single oil company recorded record profits for 2021, so it's not inflation that's causing your gas to be $4/gallon, it's capitalism and greed.

Exclusive: oil companies’ profits soared to $174bn this year as US gas prices rose
https://www.theguardian.com/business/2021/dec/06/oil-companies-profits-exxon-chevron-shell-exclusive

Not just fuel. Everything that we are seeing higher prices for.

Corporations continue to make record profits as they cry about fictional labor/supply problems.

It's no secret that American oil companies cut production in order to hike prices.

No different than OPEC

 

[Monad Portal]

That's not my goal.




How could I be for increasing production but less consumption?

i meant decreasing.

you're for decreasing production for "the environment" and "anti-racism".

 

[Monad Portal]

biden is anti oil production

President Joe Biden, a Democrat, made a campaign pledge to end federal oil and gas drilling to fight climate change, and he quickly announced a suspension of all new lease sales pending a broad review of drilling's impact on global warming after taking office.

https://www.reuters.com/business/su...court-loss-gulf-mexcio-oil-leases-2022-01-28/

 

[Monad Portal]

Not just fuel. Everything that we are seeing higher prices for.

Corporations continue to make record profits as they cry about fictional labor/supply problems.

It's no secret that American oil companies cut production in order to hike prices.

No different than OPEC

arent you for cutting production for the environment?

 

[Monad Portal]

How?

indeed.

 

[Life is Golden]

Every single oil company recorded record profits for 2021, so it's not inflation that's causing your gas to be $4/gallon, it's capitalism and greed.

Exclusive: oil companies’ profits soared to $174bn this year as US gas prices rose
https://www.theguardian.com/business/2021/dec/06/oil-companies-profits-exxon-chevron-shell-exclusive

LET'S GO BRANDON!!

 

[LV426]

i meant decreasing.

you're for decreasing production for "the environment" and "anti-racism".

I'm for nationalization of production.

 

[LV426]

LET'S GO BRANDON!!

So you think the President should force oil companies to sell their oil at a loss?

Why don't you just support nationalizing them, since that's the same thing?

 

[Life is Golden]

So you think the President should force oil companies to sell their oil at a loss?

Why don't you just support nationalizing them, since that's the same thing?

I think Resident Brandon belongs in a nursing home.

 

[Melchizedek = Michael]

I'm for nationalization of production.

I'm pretty sure that is the definition of Marxism.

 

[Monad Portal]

I'm for nationalization of production.

but what about quantity of production? you're evading.

aren't democrats sworn to cutting oil production to save the planet from greenhouse gas?

 

[LV426]

I think Resident Brandon belongs in a nursing home.

I think you're so fucking stupid, a reality TV show host conned you into toiling his baggage for the rest of your pathetic, meaningless life, not his.

 

[LV426]

I'm pretty sure that is the definition of Marxism.

Well, it's obvious that the US oil industry cannot survive on its own...hence why it should be nationalized.

 

[Monad Portal]

So you think the President should force oil companies to sell their oil at a loss?

Why don't you just support nationalizing them, since that's the same thing?

why arent you for forcing them to sell at a loss, if its the same thing.

cuz you actually want to cut production by any means necessary.

 

[LV426]

but what about quantity of production? you're evading.

You produce that which you need and nothing more.

 

[Monad Portal]

You produce that which you need and nothing more.

wow. you're a supergenius.


it's like, obvious and stuff.

 

[PostmodernProphet]

its inflation.......up to 7.9% now......