Skullfucked by Big Oil (But yeah, go ahead and blame Biden)
If they can get 74 million American doddering dopes and dupes to fall for the bait and switch and blame the Democrat guy, well then, that’s better than getting a free car wash with a fill-up.
Check this news out. From The Guardian. The world’s biggest oil companies booked $174 Billion in profits just in the last nine months.
ONE-HUNDRED-AND-SEVENTY-FOUR FUCKING BILLION DOLLARS.
IN NINE MONTHS.
For comparison, if you took the 32 NFL TEAMS which is the richest sports monopoly in the world, altogether the entire league would be valued at about HALF that. That’s what the oil industry made in profits in less than a year, during a pandemic. Two NFLs.
That’s sick. Or, what Jeff Bezos would call chump change.
But yeah, go ahead and blame Joe Biden for high gas prices. Brainwashed fools.
While you’re bitching at Biden and spewing idiocy, big bad oil is bleeding your bank account bone fucking dry. Exxon, Chevron and others were among those companies who resisted desperate pleas to increase oil production, but then doled out fat shareholder dividends. Why? Because THAT’S how the rigged game works. The only important thing to giant corporations is…… Profits. Record profits. CEO bonuses. And if they can get 74 million American doddering dopes and dupes to fall for the bait and switch and blame the Democrat guy, well then, that’s better than going to the gas station, filling up the tank, and getting a free car wash.
“The largest oil and gas companies made a combined $174bn in profits in the first nine months of the year as gasoline prices climbed in the US.”
Let’s see here: Huge profits and high gas prices. Gee, you think there’s a connection? Bingo!
“Oil and gas companies have shown little willingness so far to ramp up production to help reduce costs and the new report, by the government watchdog group Accountable.US, accuses them of “taking advantage of bloated prices, fleecing American families along the way” amid ongoing fallout from the Covid-19 pandemic.”
So, you’re getting screwed. But yeah — keep on reposting those dirt dumb memes on Facebook blaming Biden for high gas prices.
“The oil and gas companies are not flipping the switch as quickly as the demand requires…. a lot of this has been driven by investor sentiment; they don’t want them to spoil the party.”
SPOIL THE PARTY. Yeah, that’s what this is for big oil. A fucking party. A Caligula and Larry Flynt and Keith Richards sized party. And YOU are paying for it, then getting pissed at Biden for calling the cops.
One more time: $174 billion in profits. While working families are struggling and many small businesses tinker on bankruptcy.
No, this isn’t “fake news.” It’s fact.
Wake the fuck up, people.
Out.
I’ve been in the oil and gas business for 43 years. I was on a drilling rig last week in the TX panhandle when it was -7 and snowing. Have you ever been in the field? I know the answer.
What you are talking about is something that has been brewing for as long as I can remember. Oil and gas is boom/bust. It’s not for pussies. We work our asses off so America has energy. RELIABLE ENERGY.
What’s happening right now is a DIRECT result of your guys policies. His very first day he put 40K welders out of work that we’re building the KSP from Canada. We NEEDED that heavy crude to blend with out WTX intermediate lite shale oil. Our refiners are not built to handle lite crude. It HAS to be blended. That’s was a major fuck up.
Nobody bitched when gas was a buck fifty and hundreds of thousands lost there jobs. My company that I own, we went from running 850K in 2019 to 80K in 2020. I lost all my crews and contacts as they were all laid off and not rehired, because the new kids don’t like the old guard. The Permian is now ran by 25-40 year old children.
My point is, you are not being skull fucked. It’s supply and demand. And when an administration would rather tap our emergency oil to try to manipulate prices and would prefer to IMPORT heavy crude from our enemies, rather than pipeline it down from our Northern friends, you create SUPPLY ISSUES. Not to mention the taxes at the pump. That’s another discussion.
As far as not ramping up. We could, but we don’t have the hands. They all left. We have the iron but it’s rusting rapidity. US oil companies are publicly owned. People poured BILLIONS into shale and got burned by companies increasing production, only to have that production hit the market at low prices. We flooded the market. Everyone was happy, except the share holders who own the companies. So they said no more. Now companies are showing discipline and not over drilling. Again, supply and demand. Prices goes up.
I could talk about this for hours. I’m an expert. But I will say this to you and your readers. This is only the beginning. Oil and gas prices are going to rise, like everything else does when an administration injects TRILLIONS of dollars into an economy. It’s basic economics.
I’m open for any discussion or debate on this. Anytime.
OUT
Granted, this guy is from Louisianna, but what he is talking about actually HAPPENED. TIS is why most US O & G publicly owned companies are “ramping up”..
JOHN KENNEDY: I heard Ms. Psaki’a remarks. Isn’t that special. For fully over a year President Biden and all of his appointees have had a frontal assault on the oil and gas industry. They have nominated people to the Federal Reserve who want to force banks to dry up all of their funding for oil and gas exploration. It’s worked. Oil and gas companies are not spending any capital on exploration. We are sending as much of our LNG as we can to Europe. But, I know life is full of contradictions but where I come from they call it hypocrisy. On the one hand, President Biden is saying well, we need to look at more energy. On the other hand, he’s saying gut the oil and gas industry like a fish and they do it every single day.
NOT RAMPING UP
BAN THE ILLEGAL TOBACCO DRUG and SAVE TWO HUNDRED BILLION DOLLARS IN THE U.S. EVERY YEAR!
PROSECUTE THE CRIMINAL TOBACCO PUSHERS, TOO!