Quote:
Originally Posted by Aqua Blue RS/SS
Presidential/governmental (federal and state) policy can have a lot to do with supply of oil. When you tell us we can’t drill, (yea there may be lease permits approved but BLM won’t give the permits to drill and to authorize pipeline right of ways) and you impose incredibly stupid laws on production companies via BLM and certain state governments (AHEM… New Mexico, Colorado, California, etc) that are meant to make production way more difficult and not change the environmental concerns, you are limiting production. Limiting production increases prices, selling from the national reserves deflates prices momentarily for the elections coming up only for them to likely go up again shortly there after. The current POTUS openly said he was going to kill Fossil Fuels back in 2020.
|
I sit on the edge of the west Texas oil patch and when gas was four something a gallon and a lot of rigs were still parked. I'm sure they will remain parked until the next presidential election too.
A few (and fewer every day!) might not like the former pres personally but his policy was America first, unlike the current policy of America last. Energy independence sure was nice.
__________________
'18 SS wheels, colored matched Heritage grille, actual driving lights, ZL1 strut tower brace, GM Performance billet aluminum fuel door, victory red rotors and calipers, 1/4 window American flags, splash guards, AEM dry panel air filter, Hot Wheels steering wheel and seat covers, Hot Wheels exterior emblems.
|