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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: 5306499" data-attributes="member: 58386"><p>And in what way is it different than what Trump has done ?</p><p></p><p>Right now there are 9000 approved drilling permits available at DOE to take and go drill. Despite that Scott Sheffield the CEO of Pioneer stated for the record that nation's largest independent that his company's drilling activity will not increase more than 5% and that's over the next decade. The stated objective of the major oil companies is to never again sew the seeds of it's own destruction though overproduction . The best example of that is Whiting Oil. A oil company that just two years ago was in bankruptcy court. And now just two years later it's now out of bankruptcy, it's stock is now trading in the $70's, is merging with Oasis Petroleum who just last week announced a special stock dividend of $15 a share. </p><p></p><p>Just today Fed Chairman Powell testifying before Congress made it crystal clear that the Fed cannot control food or oil prices. Now you're the guy who in the past always went to the defense of the well being of corporations. Well, at least when it comes to big oil they're doing the best they've ever done and you're paying for it. BTW, how's that taxpayer fund heart repair of yours working?</p></blockquote><p></p>
[QUOTE="bacha29, post: 5306499, member: 58386"] And in what way is it different than what Trump has done ? Right now there are 9000 approved drilling permits available at DOE to take and go drill. Despite that Scott Sheffield the CEO of Pioneer stated for the record that nation's largest independent that his company's drilling activity will not increase more than 5% and that's over the next decade. The stated objective of the major oil companies is to never again sew the seeds of it's own destruction though overproduction . The best example of that is Whiting Oil. A oil company that just two years ago was in bankruptcy court. And now just two years later it's now out of bankruptcy, it's stock is now trading in the $70's, is merging with Oasis Petroleum who just last week announced a special stock dividend of $15 a share. Just today Fed Chairman Powell testifying before Congress made it crystal clear that the Fed cannot control food or oil prices. Now you're the guy who in the past always went to the defense of the well being of corporations. Well, at least when it comes to big oil they're doing the best they've ever done and you're paying for it. BTW, how's that taxpayer fund heart repair of yours working? [/QUOTE]
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BIDEN BLOWS UP OIL PRICES BY CANCELLING DRILLING IN U.S. NOW BEGS OPEC
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