Biden asks Saudi's to hold off on cuts

[Romanticlover]

Biden asked Saudi Arabia and OPEC to hold off on oil cuts until after the mid-term elections:

https://www.cnbc.com/2022/10/13/biden-admin-asked-saudi-arabia-to-postpone-opec-cut-by-a-month-saudis-say.html

I would say that's an impeachable offense.

Here's a novel idea: how about letting oil companies in the US drill for more oil so we can be more energy independent

[Danno]

Oil Co. have no interest in drilling, has nothing to do with letting them. They don't want to.

"Investors in energy stocks have been a bit thrown off by the volatility, so they're looking more for energy firms to pay back down their debt, or return money to shareholders, rather than going and investing in new wells — even if those new wells would be profitable," Ashworth said.

In other words, many companies are choosing to enjoy their high profits rather than increase the supply of oil. That's despite the relatively low oil price they would need to turn a profit. On a different Dallas Fed question, executives said oil prices between $23 and $38 a barrel, on average, would cover the cost of drilling new wells.

[dogwalker]

I'd like to ask the Saudis to let me into Mecca......won't happen.

[Romanticlover]

I'll pass on dancing around a meteorite.

[HighStepper]

I'd like to ask the Saudis to let me into Mecca......won't happen.

Ask Jared Kushner how he got 2 billion from the Saudis. Just try for 1%. $20 million would be nice.

[HighStepper]

Biden asked Saudi Arabia and OPEC to hold off on oil cuts until after the mid-term elections:

I would say that's an impeachable offense.

That seems indicative of the bullshit impeachment scenarios we are likely to see after the midterms. Making poor policy decisions is NOT an impeachable offence under the Constitution.

[Romanticlover]

That seems indicative of the bullshit impeachment scenarios we are likely to see after the midterms. Making poor policy decisions is NOT an impeachable offence under the Constitution.

Sort of like what the Democrats did to Trump for making a phone call to the Ukrainian President.
Biden is making poor policy decisions everyday and our nation is suffering.

[Blkfyre]

Biden asked Saudi Arabia and OPEC to hold off on oil cuts until after the mid-term elections:

https://www.cnbc.com/2022/10/13/biden-admin-asked-saudi-arabia-to-postpone-opec-cut-by-a-month-saudis-say.html

I would say that's an impeachable offense.

Here's a novel idea: how about letting oil companies in the US drill for more oil so we can be more energy independent

Here's a novel idea: Oil companies voluntarily lower gas prices

[Danno]

that's right, fixing our roads and lowering drug prices are really bad.

Sort of like what the Democrats did to Trump for making a phone call to the Ukrainian President.
Biden is making poor policy decisions everyday and our nation is suffering.

[Romanticlover]

The roads in Cali are shit, in fact a recent poll said Cali had the worst roads in the nation.
https://www.kget.com/news/state-news/california-roads-are-worst-in-the-country-new-analysis-finds/

We pay .53 a gallon in state gas taxes, where is all that money going?
Democrats control this state but it's falling apart with shit roads, crime and homelessness.

[bats]

Sort of like what the Democrats did to Trump for making a phone call to the Ukrainian President.
Biden is making poor policy decisions everyday and our nation is suffering.

Generally speaking, presidents don't get impeached over policy disagreements. Because that would be idiotic.

And you can't seriously be comparing Trump's attempt to extort the Ukrainian president with Biden's request that the Saudis hold off on cutting oil production until they at least have another meeting of the OPEC+ countries.

[Romanticlover]

Generally speaking, presidents don't get impeached over policy disagreements. Because that would be idiotic.

Trumps impeachment was a witchhunt by the Democrats and it failed.

And you can't seriously be comparing Trump's attempt to extort the Ukrainian president with Biden's request that the Saudis hold off on cutting oil production until they at least have another meeting of the OPEC+ countries.

Yes I am, both were a stupid decision by a President.

[bats]

Trumps impeachment was a witchhunt by the Democrats and it failed.

It amazes me that people believe this shit because Trump and his media allies told them so. Why don't people pay attention to the actual facts rather than listen to partisan liars?

Yes I am, both were a stupid decision by a President.

Why do you think Trump's "perfect phone call" was a stupid decision?

[Blkfyre]

Trumps impeachment was a witchhunt by the Democrats and it failed.

Yes I am, both were a stupid decision by a President.

It didn't fail. He was impeached. Unfortunately, the Senate lead by McConnell colluded with the white house and did not do their job.

[Bande]

Oil Co. have no interest in drilling, has nothing to do with letting them. They don't want to.

"Investors in energy stocks have been a bit thrown off by the volatility, so they're looking more for energy firms to pay back down their debt, or return money to shareholders, rather than going and investing in new wells — even if those new wells would be profitable," Ashworth said.

In other words, many companies are choosing to enjoy their high profits rather than increase the supply of oil. That's despite the relatively low oil price they would need to turn a profit. On a different Dallas Fed question, executives said oil prices between $23 and $38 a barrel, on average, would cover the cost of drilling new wells.

Actually they would love to.
Problem is why would they invest $$ to produce with a hostile administration that blatantly stated they would put fossil fuel out of business.
They would have to have some kind of agreement made with a change of this Administrations look on fossil fuels. Therefore it is unlikely to happen till a change of administration..