And now you see the entirety of the picture. Oil companies are producing more oil, but are failing to utilize oil and gas leases that independent exploration companies /would/ utilize. Wild speculation created by Trump's defunding of the CFTB, the cannibalism of the medium sized oil procedures allowing the current supply manipulation domestically and the disastrous opening of oil exports out of our country has resulted in the disaster of current oil prices.
Oil prices up 300% in two years without any oil shortages? Market manipulation.
Keystone pipeline could certainly help, amirite?
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Click the link above to see how much you owe the government.
"Well I tell you what, if you have a problem figuring out whether you're for me or Trump, then you ain't black."
-Superracist, Joe Biden
“If you don’t believe in free speech for people who you disagree with, and even hate for what they stand for, then you don’t believe in free speech.”
-My favorite liberal
Shit, if Canada and the US ramped up oil and gas production we could not only bring prices for everything way down, but we would cripple Russia’s economy way better than any of the sanctions we are currently doing.
But why do that when the Democrat party is beholden to the alt-leftist faction of their party who would rather watch the US crash and burn than actually help the struggling American families they claim to care about.
Canada and the US ramping up oil production is /exactly/ what is needed right now and there is absolutely nothing stopping them from doing it, but they're not. Record profits, very little capital expenditures and massive payouts to their shareholders as dividends and large stock buybacks. Tell me, when an oil company realizes it can sell 1 barrel of oil for $80 dollars from an existing well by limiting supply, absolutely what reason do they have for ramping up production to sell 2 barrels of oil for $40 each? You troll and troll and troll, but never have anything of substance to add, beyond stating the obvious; we need more oil! Well fucking duh.