gloopy

So China and other nations buy it. We can't hashtag boycott our way to world peace. The Ruble went from 70's to (very briefly) 150's and is now in the low 50's and could even be in the 40's if this trend continues even a little bit. So what? This is a potentially very serious self inflicted wound to the future of the petrodollar to a degree not yet fully understood.

Gooner

Now we are taking the statements from Oil CEOs as facts? Talk about laughing all the way to the bank. The oil companies are taking advantage of a voluntary constrained supply to “price gouge” without price gouging. Of coarse they would love to shift blame. Couldn’t be like an airline ceo blaming pilots for calling in sick as their operation falters while raising ticket prices. Hmm…

Trip7

Dallas Cowboys Owner Scores on Billion-Dollar Natural-Gas Gambit https://www.wsj.com/articles/dallas-...it-11655870838

Jerry Jones more than doubled his $1.1B investment in CRK and is not remotely thinking about selling. Believes that we are only in the 1st quarter of the energy boom. I wholeheartedly agree.

Years of Green energy policy decisions by world leaders has put us in this situation. Energy is a capital intensive business and it takes years of capital expenditures to increase supply. Because Greta and company influenced world leaders to discourage traditional energy investments thru their policy decisions it led to an uptick in Green Energy companies that have not even come remotely close to having the capacity to meet normal demand. Now Energy companies, with pristine balance sheets from years of capital discipline, are looking at years of significant free cash flows due to where we are on the supply/demand curve. In short the market is a voting machine, in the long run it's a weighing machine. Energy companies will have alot of cash to weigh. Meanwhile the Biden Administration (which I voted for) is acting like there is no one in the Administration that understands the energy industry or basic economics. The midterms will be a bloodbath.

History doesn't repeat itself but it sure does rhyme. Every so often the human race becomes enamored with new technology and throw an incredible about of capital at it. As a result, these new technologies have numerous companies fight over a new market which means supply far exceeds demand and costs far exceeds revenues. Eventually cash runs out for a majority of these companies. The survivoring few companies are then able to raise prices, and run a profitable business after that long bloody war. This has happened in:

Railroads

Airlines

Shipping

Telecom

Internet/Tech

Currently: Renewable Energy/EVs(if you own TSLA stock.... SELL NOW)





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Trip7

Expound on your thought process here...

How are the oil companies taking advantage of "voluntary" constrained supply? What would Gooner do to increase supply?

You don't believe that the current Administration is part of the problem is a fact. Why? The Biden Administration was completely against more drilling, completely against more pipelines, and only changed their mind recently when gas prices skyrocketed and they saw midterm bloodbath for Dems incoming

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chrisreedrules

Green Energy / EVs are quite honestly a pipe dream. We don’t even have the infrastructure on state/federal levels to support it.

Nantonaku

Please explain the economics and dynamics on how oil companies are price gouging. At this point I trust an oil Exec more than I trust the White House. So the “Putin Price Hike” didn’t work and now they are spinning it as big bad oil companies? They need a new marketing department. I guess you are part of the 20% that still buys their propaganda. Congratulations.

Mesabah

Not many people here know about the Arctic Silk Road. China will be buying all of Russia's energy supply capacity at discount prices.

Trip7

THIS... I voted for the Biden Administration because they promised to be honest and transparent. Unless they have no one in the Administration with a basic understanding of economics, they'd resorted to blame anyone/act like we are doing something rhetoric to save face for the Midterms.

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Trip7

India as well. Biden Administration tried to bully India into honoring Western sanctions and India basically said who the hell do you think you are? Get out of our face.

https://asia.nikkei.com/Opinion/Wash...ndia-must-stop

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JamesBond

Thanks a lot.

It's really sweet that you could ignore 50 years of a career politician's lies. FIFTY YEARS.

I'll give you credit for at least admitting your mistake.