How’s your fuel prices

[826]

I don’t think the saying, solely means an actual bit in dirt.
Lifting restrictions, streamlining permits, limiting vehicle epa restrictions, oil exploration, opening of closed areas, etc etc I think all encompasses the meaning behind the saying.

Do you have a link where a guy can buy the Trump decoder ring so we too can interpret the actual meaning of what he's saying?

 

[RyanT26]

Who knows what to think as far as US production is concerned. I drove from Dickinson ND up to New Town a couple weekends ago. Not sure how many hundreds (maybe 1K) of wells a guy passes on that fairly short drive. I’d be surprised if 20% had pumps spinning. Maybe saw a half dozen workover rigs total. Didn’t see a single drill rig and you can see a long ways every direction on that drive. Im not sure when “drill baby, drill” happens when we’re not even at “pump baby, pump.”

Kind of wondered the same thing. In my part of Kansas the oil field is what most would describe is slow but steady.
A couple of Well service companies are shutting down or greatly downsizing. No one is hiring currently.

 

[SonnyDay]

Remember when prices on consumer goods were shooting up at the height of the tariff war and companies were being warned against price gouging?

World's Top Oil Companies To Rake In Extra $234 Billion In War Profits | OilPrice.com

Big Oil and OPEC+ producers are on track for $234B in extra war profits at $100/bbl — but ExxonMobil is already flagging a multi-billion earnings hit from timing effects and production losses.

oilprice.com

The silence is deafening...

 

[IDElkmagnet]

Best to just hit the block / ignore button brother. Everything he post is left leaning, doom and gloom, anti America.

The forum gets much better blocking all of the crazy negative people around here.

If your cant handle opinions contrary to your idealogy you will start to insulate yourself from the rest of the world.

Google Search

An echo chamber is an environment, particularly on social media, where individuals are exposed only to opinions and information that reinforce their existing beliefs. It acts as a digital bubble where opposing views are absent, leading to increased polarization, misinformation, and the strengthening of prejudices.

"

 

[spike camp]

I'm fairly certain the implication, and I think it was Michael Steele who first said it, but Sarah Palin really popularized it, was that "we're going to drill and gas is going to be cheap because of it so vote for me"

BUT, even if you follow the implication of it being creating jobs via oil infrastructure construction, exploration, executive action, regulatory rollbacks etc, its is not as if one single politician, or even a bunch of politicians, have any direct influence over that. Oil companies decide when to drill and they determine that by global demand, profits refining limitations etc. You can open up new areas to drilling and exploration, but if the timing is not economically viable, then they aren't going to drill. It was a one line slogan presented as an ultimate solution so people would vote for the folks who touted it. Politicians never had the ability to make oil companies create jobs or even influence oil prices by drilling more in the US. They do hold some amount of influence over the keys to exploration if they can collectively generate the support, they can roll out some execution actions that create incentives, but that's the end of it. And even when these tenants have seemingly come together, say earlier this year with peak US production, it hasn't proven itself sustainable.

If you wanted to turn "drill baby drill" into a truthful statement, it would read "we're going to hope that these global oil companies have the need to drill more and that may very well create some jobs, but it may not effect the price you pay at the pump"

If you wanted to turn it into a political statement that implies that fuel at the pump is going to be cheaper then it would read something like, "This administration is going to build and maintain strategic diplomatic relationships with OPEC and the oil producing countries around the world to best optimize fuel prices in a way that benefits both industry and the consumer. Keep in mind, these relationships take years to develop and are subject to complex geo political events and may very well be disrupted for weeks, months or years at a time. Just being honest with you"

So we agree, two things can be true at one time.