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<blockquote data-quote="bacha29" data-source="post: 5431261" data-attributes="member: 58386"><p>The reason prices started climbing was due to the fact that oil companies lost billions when oil prices collapsed during COVID as in NEGATIVE $35 a barrel. Show me a publicly traded company impacted by the collapse whose SEC filings did NOT address the price collapse and what it was going to do about it in their forward looking guidance. It worked alright. Simply take a look at their earnings and stock prices compared to what they were during COVID.</p><p></p><p>As a GOP conservative the basic tenets of your party is free market capitalism. It has good points and bad points depending on which side of the supply/demand fence you're on. And with the oil companies you are seeing the ugly side of capitalism . </p><p></p><p>No matter what you personally think US energy policy should be. The only policy that matters is what Big Oil thinks it should be and WILL be.</p></blockquote><p></p>
[QUOTE="bacha29, post: 5431261, member: 58386"] The reason prices started climbing was due to the fact that oil companies lost billions when oil prices collapsed during COVID as in NEGATIVE $35 a barrel. Show me a publicly traded company impacted by the collapse whose SEC filings did NOT address the price collapse and what it was going to do about it in their forward looking guidance. It worked alright. Simply take a look at their earnings and stock prices compared to what they were during COVID. As a GOP conservative the basic tenets of your party is free market capitalism. It has good points and bad points depending on which side of the supply/demand fence you're on. And with the oil companies you are seeing the ugly side of capitalism . No matter what you personally think US energy policy should be. The only policy that matters is what Big Oil thinks it should be and WILL be. [/QUOTE]
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