RIP, Colin Powell
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@renauda said in RIP, Colin Powell:
@jolly said in RIP, Colin Powell:
@renauda said in RIP, Colin Powell:
@lufins-dad said in RIP, Colin Powell:
Gas prices would definitely be better as we would be drilling a lot more of our own.
Drilling has little to do with gas prices at the pump.
Yeah, but production does.
You don't say.
And production is based on
....demand.
Without demand you can't make any money at the wellhead to operate those drilling rigs.
Demand is one thing. Availability is another.
We have demand.
Of course you have demand as does every other industrialized country. But the rise in price is not about the USA or who or what is in the White House, it’s about the the global market and depletion of the amassed surplus:
Spring 2021
https://www.worldoil.com/news/2021/4/16/historic-oil-glut-amassed-during-the-pandemic-is-almost-gone
October 2021
Elbows up!
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Of course you have demand as does every other industrialized country. But the rise in price is not about the USA or who or what is in the White House, it’s about the the global market and depletion of the amassed surplus:
Spring 2021
https://www.worldoil.com/news/2021/4/16/historic-oil-glut-amassed-during-the-pandemic-is-almost-gone
October 2021
@renauda said in RIP, Colin Powell:
but the rise in price is not about the USA
Yeah, there's a distinct tinge of dishonesty in this harping on about oil prices, as well as the problems with supply chains. These are clearly global problems that even The Great Orange Magnificence, (Sallā Allāhu ʿalayhi wa- ala ālihi wa’ sallam) couldn't have solved.
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Of course you have demand as does every other industrialized country. But the rise in price is not about the USA or who or what is in the White House, it’s about the the global market and depletion of the amassed surplus:
Spring 2021
https://www.worldoil.com/news/2021/4/16/historic-oil-glut-amassed-during-the-pandemic-is-almost-gone
October 2021
@renauda said in RIP, Colin Powell:
Of course you have demand as does every other industrialized country. But the rise in price is not about the USA or who or what is in the White House, it’s about the the global market and depletion of the amassed surplus:
Spring 2021
https://www.worldoil.com/news/2021/4/16/historic-oil-glut-amassed-during-the-pandemic-is-almost-gone
October 2021
Withdrawing oil leases on Federal lands and a ban on fracking in the U.S. has nothing to do with oil prces?
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@renauda said in RIP, Colin Powell:
Of course you have demand as does every other industrialized country. But the rise in price is not about the USA or who or what is in the White House, it’s about the the global market and depletion of the amassed surplus:
Spring 2021
https://www.worldoil.com/news/2021/4/16/historic-oil-glut-amassed-during-the-pandemic-is-almost-gone
October 2021
Withdrawing oil leases on Federal lands and a ban on fracking in the U.S. has nothing to do with oil prces?
@jolly said in RIP, Colin Powell:
@renauda said in RIP, Colin Powell:
Of course you have demand as does every other industrialized country. But the rise in price is not about the USA or who or what is in the White House, it’s about the the global market and depletion of the amassed surplus:
Spring 2021
https://www.worldoil.com/news/2021/4/16/historic-oil-glut-amassed-during-the-pandemic-is-almost-gone
October 2021
Withdrawing oil leases on Federal lands and a ban on fracking in the U.S. has nothing to do with oil prces?
Someday maybe, but not today. It takes a while for fewer lease grants to turn into something that affects market price.
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@jolly said in RIP, Colin Powell:
@renauda said in RIP, Colin Powell:
Of course you have demand as does every other industrialized country. But the rise in price is not about the USA or who or what is in the White House, it’s about the the global market and depletion of the amassed surplus:
Spring 2021
https://www.worldoil.com/news/2021/4/16/historic-oil-glut-amassed-during-the-pandemic-is-almost-gone
October 2021
Withdrawing oil leases on Federal lands and a ban on fracking in the U.S. has nothing to do with oil prces?
Someday maybe, but not today. It takes a while for fewer lease grants to turn into something that affects market price.
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@renauda said in RIP, Colin Powell:
Well put.
Agree. Having deal with companies like PTT ("national" oil company of Thailand), etc., the people of Thailand are certainly not blaming the increase in gas prices on President Biden.
