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Originally Posted by Aragorn
Whatever fuel would’ve been moving through that now famous pipeline is being transferred via other pipelines- yes there are other pipelines and/or is being shipped on over the road trucks. Logistics 101.
They’re not drilling because it takes a long time to reap the benefits and and because they claim they took a shellacking in 2020. Obviously last year they made billions. This year will most likely be the same.
It’s supply and demand. What a few of us have been tying get across is that the US is more than pulling its weight as far supply is concerned but we need other OPEC nations to do the same. As mentioned before, in 2021 we produced more than in 2020 and we were the worlds largest producer. This year we’re on track to bear 2021. Pretty impressive in my opinion. Now we just need a little Stalin to exit Ukraine.
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Right! They were just building that pipeline for the hell of it. It wasn't really needed. Companies routinely drop billions on infrastructure they don't need.
Right again. Oil companies never drill, because it takes so long to reap the benefits. They just stand there and hope oil will shoot out of the ground.
BTW, you do know that multiple members of the current administration have stated that we need to see higher gas prices to help motivate people to buy EVs? One just recently said this was a 'great transition.'
It's pure coincidence that after they took office prices went up?