Politics Thread

[Strange Brew]

What do you have against EV sales? Up 75% this year. Do you hate Musk?

https://www.cnbc.com/2022/09/23/elec...-iea-says.html

Because most people don’t realize they’re powered by fossil fuels (in most cases) so it’s a pointless exercise.

[paulxu]

Oil company profits are at all time high in the last two years.

So, lets find some reason to blame Biden. Makes a lot of sense.

[Strange Brew]

Oil company profits are at all time high in the last two years.

So, lets find some reason to blame Biden. Makes a lot of sense.

I believe MOR already explained why. I don’t care about oil company profits. They actually produce something useful unlike the Biden Admin.

This is a tired tactic to cover for failed energy policies. So, conversely oil profits were lower, as was the price of gas under the previous Admin? Weird.

[bobbiemcgee]

Oil company profits are at all time high in the last two years.

So, lets find some reason to blame Biden. Makes a lot of sense.

Maybe Rubio and Scott will lift the ban on drilling off of Florida secured under guess who?

[Strange Brew]

Maybe Rubio and Scott will lift the ban on drilling off of Florida secured under guess who?

Maybe. Not sure it would be necessary if the Biden reversals were....reversed.

[Masterofreality]

I believe MOR already explained why. I don’t care about oil company profits. They actually produce something useful unlike the Biden Admin.

This is a tired tactic to cover for failed energy policies. So, conversely oil profits were lower, as was the price of gas under the previous Admin? Weird.

There is actually a guy on this board who doesn’t understand how insanely expensive it is to explore and drill to try to find energy. Apparently he thinks it’s like Jedd Clampett- u just go out, shoot at some food…..”And up from the ground comes a bubblin’ crude”!!!!! U know. Black Gold…Texas T!!
Yeah, dry holes happen.

[MADXSTER]

There is actually a guy on this board who doesn’t understand how insanely expensive it is to explore and drill to try to find energy. Apparently he thinks it’s like Jedd Clampett- u just go out, shoot at some food…..”And up from the ground comes a bubblin’ crude”!!!!! U know. Black Gold…Texas T!!
Yeah, dry holes happen.

It's possible that profits are up because expenses are down(expense of exploring and drilling). This may be good for short term profits but not long term. Just a thought.

[Strange Brew]

It's possible that profits are up because expenses are down(expense of exploring and drilling). This may be good for short term profits but not long term. Just a thought.

Oh, it's not good for long term supply and profit sustainability.

Which could cause problems for National Security.

Edit: Profits will continue as oil/gas is/are commodity products with relatively inelastic demand.

[bobbiemcgee]

It's possible that profits are up because expenses are down(expense of exploring and drilling). This may be good for short term profits but not long term. Just a thought.

210 billion short term ain't bad.

[Masterofreality]

It's possible that profits are up because expenses are down(expense of exploring and drilling). This may be good for short term profits but not long term. Just a thought.

And that is 100 per cent accurate. It’s not a flat line year to year and the lack of being able to explore is going to come back and bite.
Can you say “Retained Earnings” because soon these important companies and employers are going to need them.