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BIDEN BLOWS UP OIL PRICES BY CANCELLING DRILLING IN U.S. NOW BEGS OPEC
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<blockquote data-quote="bacha29" data-source="post: 5153820" data-attributes="member: 58386"><p>The Biden Administration cannot ORDER banks to stop loaning money to oil drillers. It can try and sue to stop it but banks are perfectly capable of independently assessing the risk factors and decide independently if they are willing to back a drilling venture. How come the stock of PXD has doubled and DVN tripled in the past year?....Better supply management. Yes, the days of your cheap gas allowing you freedom to go wherever and whenever you please are coming to an end. So what do you want to do? What would you prefer? Bring back John D. Rockefeller and his Standard Oil monopoly?</p></blockquote><p></p>
[QUOTE="bacha29, post: 5153820, member: 58386"] The Biden Administration cannot ORDER banks to stop loaning money to oil drillers. It can try and sue to stop it but banks are perfectly capable of independently assessing the risk factors and decide independently if they are willing to back a drilling venture. How come the stock of PXD has doubled and DVN tripled in the past year?....Better supply management. Yes, the days of your cheap gas allowing you freedom to go wherever and whenever you please are coming to an end. So what do you want to do? What would you prefer? Bring back John D. Rockefeller and his Standard Oil monopoly? [/QUOTE]
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BIDEN BLOWS UP OIL PRICES BY CANCELLING DRILLING IN U.S. NOW BEGS OPEC
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