It's very interesting how mad you are at Biden, while not being mad at the guys

May 21, 2022
4:33:16pm

BYUtiful All-American

who love what Biden has done with the place:

Exclusive: oil companies’ profits soared to $174bn this year as US gas prices rose

Exxon, Chevron, Shell and BP among group of 24 who resisted calls to increase production but doled out shareholder dividends

https://www.theguardian.com/business/2021/dec/06/oil-companies-profits-exxon-chevron-shell-exclusive[https://www.google.com/amp/s/amp.theguardian.com/business/2021/dec/06/oil-companies-profits-exxon-chevron-shell-exclusive]

2 wild charts show how Big Oil profits are skyrocketing as prices at the pump rise

Oil companies are raking in the largest quarterly profits in a decade, raising concerns that the sector is using high gas prices to gouge customers.

https://www.businessinsider.com/gas-prices-oil-company-profits-skyrocketing-energy-sector-earnings-charts-2022-5[https://www.google.com/amp/s/www.businessinsider.com/gas-prices-oil-company-profits-skyrocketing-energy-sector-earnings-charts-2022-5%3famp]

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BYUtiful

Previous username: BYUinBaghdad
Bio page: BYUtiful
Joined: Aug 17, 2002
Last login: Jul 1, 2024
Total posts: 35,010 (14,442 FO)

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Messages

Author

Time

So what is the main factor for the increase in fuel? Any actual good articles

Cougar TD

5/20/22 8:45am

COVID is the main cause of it all with lots of secondary causes.

Baron

5/20/22 8:48am

Some of the factors would include

Indy Coug

5/20/22 8:48am

On 4 why would OPEC have any incentive if we refuse to open up more options for

kotacoug

5/20/22 8:57am

The oil companies are not fully utilizing the leased lands they have.

Archaea

5/20/22 9:03am

Who wants to invest Capital in those things when the policies and position of

kotacoug

5/20/22 9:53am

Why would they drill more if there isn't enough refining capacity? This problem

Abe Froman

5/20/22 10:12am

Anything to deflect where the problem is

kotacoug

5/20/22 10:19am

Agreed. Big Oil companies have locked up significant land that they

Archaea

5/20/22 10:37am

My understanding is that it’s not the crude oil that is the problem but the

stenso

5/20/22 8:51am

Actually they reduced their capacity by 20% due to the pandemic

byukarl

5/20/22 8:52am

I posted one yesterday

byukarl

5/20/22 8:52am

Refining capacity is only half the picture.

TheCougarBunch

5/20/22 3:24pm

Here is one.

HuskerFan2

5/20/22 8:53am

So, is there less available refined fuel now? Is fuel consumption down?

Doogal McCougar

5/20/22 8:58am

less fuel available and demand has been up

byukarl

5/20/22 9:00am

I follow a guy in the industry on Tik Tok

newbie

5/20/22 9:08am

1) Joe Biden. 2) Joe Biden. 3) Joe Biden. 4) Joe Biden.

Socrates Johnson

5/20/22 8:58am

Wow. What a joke. Hopefully America responds

TNT

5/20/22 8:59am

RE: 1) Joe Biden. 2) Joe Biden. 3) Joe Biden. 4) Joe Biden.

novacoug1

5/20/22 9:02am

It is sad that his main answers to high prices

I'mBatman

5/20/22 9:17am

The loss of energy independence. When you are independent you set your own

Adwight

5/20/22 9:01am

Oil and finished fuels is a global marketplace.

JuicyJam

5/20/22 9:22am

Bidens policies

outsidethebubble

5/20/22 9:09am

Biden’s declared war on fossil fuels

HairyCougar

5/20/22 9:09am

Corporations gauging consumers, after a mild uptick in cost from supply chain &

Revolution

5/20/22 9:17am

Sounds like the Democrats

I'mBatman

5/20/22 9:26am

The same corporations that were around 18 months ago when gas was $1.99?

HairyCougar

5/20/22 9:38am

What were their profits then vs now?

BYUtiful

5/21/22 4:35am

Don't know. Are you saying their goals have changed?

HairyCougar

5/21/22 10:51am

It's very interesting how mad you are at Biden, while not being mad at the guys

BYUtiful

5/21/22 4:33pm

Same guys at the oil companies 18 months ago, 2 years ago, 4 years ago

HairyCougar

5/21/22 5:04pm

Their bank account balances?

BYUtiful

5/21/22 5:08pm

Are you saying they suddenly cared 16 months ago

HairyCougar

5/21/22 5:27pm

Are you saying that you don't comb your hair?

BYUtiful

5/21/22 6:59pm

I suggest you look up the definition of "non-sequitur" little guy

HairyCougar

5/21/22 8:07pm

Ha ha. This thread is so awesome. Love the cat fight. #CBdrama

WDaddy

5/21/22 8:18pm

Hi-yah!

BYUtiful

5/22/22 1:39am

How did you know I'm 5'4"?!

BYUtiful

5/22/22 1:27am

What changed was, during the pandemic demand plummeted...

So it goes...

5/21/22 5:20pm

And Biden declared war on fossil fuels from his 1st day in office when he knew

HairyCougar

5/21/22 5:26pm

Yes he did, then pissed the liberals off by approving more drilling permits...

So it goes...

5/21/22 5:47pm

Feel free to educate yourself at some point

HairyCougar

5/21/22 8:16pm

You think this is making an argument for MORE government involvement with

kotacoug

5/20/22 9:49am

"Nationalizing of such an important resource for the nation"

HuskerFan2

5/20/22 9:51am

Petro Canada…. FTW lol

kotacoug

5/20/22 9:53am

With the Biden administration in charge I was thinking PDVSA

HuskerFan2

5/20/22 10:18am

Hilarious that the argument is that the Keystone pipeline wouldn’t have helped w

Exclusive: oil companies’ profits soared to $174bn this year as US gas prices rose

2 wild charts show how Big Oil profits are skyrocketing as prices at the pump rise

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