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84Buff

Joined: 00/00/0000 Posts: 4179
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I'd feel the same way


If our government was out to eliminate my industry. At that point the change in strategy makes perfect sense. And if your were an investor, you might develop the same attitude. If my business/industry is targeted for elimination by the federal government, I'm doing the same thing. Maximize profits while I still can. And give the government a big FU when they ask for
more production. Or try to eliminate exports. And don't forget the other points of the article:

"President Joe Biden should “back off” of domestic oil drillers rather than pleading with OPEC to pump more crude as U.S. gasoline prices climb, according to one of America’s biggest shale explorers.

Biden has repeatedly called on OPEC and allied oil exporters to increase supplies as fuel prices surge at home, infuriating a shale industry threatened with strict limits on where and how it drills.

The president’s efforts to restrict drilling on federal land and offshore “have been starting to backfire some,” Pioneer Natural Resources Co. Chief Executive Officer Scott Sheffield said during an interview with Bloomberg Television. “He’s got to back off his rhetoric on federal leases going forward.”

(In response to this post by bufffantheman)

Posted: 11/17/2021 at 4:17PM



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Current Thread:
 
  
Biden requesting FTC to examine gas pricing. -- Colo Spgs Buff 11/17/2021 1:15PM
  What's Biden's motivation for this? -- 84Buff 11/17/2021 3:35PM
  Nm -- Banned-for-life 11/17/2021 5:27PM
  Denial again -- 84Buff 11/17/2021 4:39PM
  It was in response to a Bloomberg question -- McKelvie 11/17/2021 8:22PM
  His/her "ignorance is limitless". ** -- SamSpade 11/18/2021 07:26AM
  The gap between the unfinished and finished product is -- buffaloaded 11/17/2021 2:01PM
  Cool, one of the 41%? ** -- 84Buff 11/17/2021 1:39PM
  Biden only knows how to deflect blame -- 84Buff 11/17/2021 1:20PM
  Bingo! The liberal way. ** -- Colo Spgs Buff 11/17/2021 1:26PM
  Bingo, no conservative has ever deflected blame. -- bufffantheman 11/17/2021 1:45PM
  Its down 2 million b/d ** -- 84Buff 11/17/2021 2:42PM
  Here is the link I provided the other day -- bufffantheman 11/17/2021 2:59PM
  You moved the goalpost -- 84Buff 11/17/2021 3:08PM
  Why pre-pandemic? Because it created a massive shift -- bufffantheman 11/17/2021 3:12PM
  So Biden's attack have zero impact? ** -- 84Buff 11/17/2021 3:26PM
  Biden's attack? -- bufffantheman 11/17/2021 3:38PM
  I'd feel the same way -- 84Buff 11/17/2021 4:17PM
  But the government is not trying to eliminate oil -- bufffantheman 11/17/2021 4:23PM
  That may be true, but that isn't the messaging -- 84Buff 11/18/2021 4:56PM
  I heard about that this morning -- bufffantheman 11/19/2021 09:40AM
vm312