XPost: alt.fan.rush-limbaugh, talk.politics.misc
From: invalide@invalid.invalid
Mitchell Holman wrote:
> Gronk wrote in news:10levhh$138me$10@dont-
>> chine.bleu wrote:
>>> Gronk wrote:
>>>>>>> Current estimates are maybe by 2028, if the industry dumps $50+B
> in
>>>>>>> infrastructure within 2026….and if the price of oil rises to
>>>>>>> $70/bbl to
>>>>>>> make it sufficiently profitable for them (don’t forget that
>>>>>>> Venezuela is
>>>>>>> heavy & sour, not light sweet crude).
>>>>>>
>>>>>> Aren't magats cute at that age? They think oil production
>>>>>> will ramp up practically overnight!
>>>>>
>>>>> Actually, "overnight" ramping up oil production is not necessary.
>>>>> Current level of production seems to be just fine for my purposes,
> and
>>>>> now, there will likely be no long term ramping down of oil supply
> for
>>>>> my grandkids.
>>>
>>> Idiot. They want to maximise profits not minimise your costs. Oil
>>> production is not currently ramping up because short supplies increase
>>> the price demanded.
>>>
>>> Magoos do not know capitalism.
>
> Trump is meeting with oil company CEOs to raise gas prices
> APRIL 3, 2020
>
> On Thursday, Trump tweeted that he had
> spoken with the leaders of Saudi Arabia
> and Russia — whose price war combined
> with a sharp drop in demand due to the
> coronavirus pandemic to tank oil prices —
> and expected them to cut production,
> which "will be GREAT for the oil and gas
> industry!" Indeed, oil prices shot up
> after Trump's tweet and continued
> rising early Friday.
>
> But higher oil prices mean higher gas
> prices for consumers, as CNN political
> analyst Joe Lockhart noted.
>
> https://tinyurl.com/yhhduwyn
With some of that going into his pockets, of
course
--- SoupGate-Win32 v1.05
* Origin: you cannot sedate... all the things you hate (1:229/2)
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