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Maybe. Maybe not. But not because of policy

Posted on: January 20, 2025 at 20:30:27 CT
KC rules MU
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That's not how it works. Oil companies don't have a shortage of acreage to develop. They have a shortage of acreage with oil with a low cost of supply to develop. Opening high cost of supply and high risk (technical risk) acreage up for drilling won't alleviate that issue.

Most companies are presently cutting their capital budgets because the price of oil is relatively low and even starting to layoff employees. Prices might drop in the near term but a year or so down the road, they are going to rise again because fewer wells will likely be drilled. Then we will drill more and the price will drop again.

Edited by KC rules at 20:39:05 on 01/20/25
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Will gas be cheaper in 3 years and 364 days from now? (nm) - KCT-BoneTiger MU - 1/20 20:17:30
     Have you seen the movie Mad Max?(nm) - FIJItiger MU - 1/20 20:49:45
          I haven’t, nor Fury Road. I did see Waterworkd with Kevin - KCT-BoneTiger MU - 1/20 21:35:12
          If you're asking him to run with the coast with you so you - Tigrrrr! MU - 1/20 20:59:34
               lol(nm) - DollarSigns MU - 1/20 21:18:04
     Presidents don't control gas prices, remember? (nm) - Tigrrrr! MU - 1/20 20:43:23
          What about eggs? (nm) - KCT-BoneTiger MU - 1/20 21:07:50
               Unfortunately, Fauci also weaponized avian influenza(nm) - DollarSigns MU - 1/20 21:20:31
                    He resigned in 2022 didn’t he? (nm) - KCT-BoneTiger MU - 1/20 21:27:08
                         It was weaponized long before that(nm) - DollarSigns MU - 1/20 21:29:01
                              Long before 3 years ago? (nm) - KCT-BoneTiger MU - 1/20 21:31:12
                                   Of course. Do you think the biolabs were just built?(nm) - DollarSigns MU - 1/20 21:33:18
                                        How did he do this? (nm) - KCT-BoneTiger MU - 1/20 21:36:02
     Maybe. Maybe not. But not because of policy - KC rules MU - 1/20 20:30:27
     Do you think people can tell the future?(nm) - hefeweizen MU - 1/20 20:19:37
          I think people can make predictions based on information & - KCT-BoneTiger MU - 1/20 20:27:47
               Yes. but on the exact day, maybe not. (nm) - tman MU - 1/20 20:30:34
                    Ok, I’ll ask average last 4 years vs next 4 years and to - KCT-BoneTiger MU - 1/20 20:32:35
                         Yes. The reason I said on the exact day is you could - tman MU - 1/20 20:52:09
               if we do actually "drill baby drill" - Wildcat KSU - 1/20 20:29:02
                    Would you drill for oil at $75 per barrel - KC rules MU - 1/20 20:33:01
                         Landman is a pretty damn good show - KCT-BoneTiger MU - 1/20 21:38:24
                    Some might think it could lead to increased profits, - KCT-BoneTiger MU - 1/20 20:31:14
                         I asked a specific question - Wildcat KSU - 1/20 20:34:15
                              Why would they not “drill baby drill” (nm) - KCT-BoneTiger MU - 1/20 20:40:04
     probably not. nm - SparkyStalcup MU - 1/20 20:19:31
     Most assuredly. (nm) - Logan STL - 1/20 20:19:08




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