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by 0000011111 1416 days ago
Ya thats another misconception:

1. Most oil and gas production is on private land within the United States 2. Oil and Gas firms have leases to drill on public land that they are choosing not to produce. In short, they make more money with the price oil is high. Just look up their old profits and compare those to oil prices. 3. The Federal Government has many tax breaks and handouts for oil and gas firms. its in the billions per year : https://www.eesi.org/papers/view/fact-sheet-fossil-fuel-subs...
1 comments
ThunderSizzle 1416 days ago
To be fair, if a president got elected that was vowing for the destruction of your industry, I doubt you'd spend a couple million investing in continuing that industry.

Might as well take your profits and run elsewhere since the prospects of long term oil usage is currently up in political turmoil. Political turmoil makes people think twice about investing in anything that could be taken away in a moments notice.

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0000011111 1416 days ago
The industry is having is best year fiscally speaking in decades. ######## 1. https://g.co/kgs/zMQTbf 2. https://g.co/kgs/d8oRQ8 #####

If I had invested 2 million in the day Biden was elected 11/20/2022 in Chevron Stock:

November 9, 2020 $79.40 per share. Today the stock is trading at $155 per share.

So if I bought those 25,316 shares for two million the day Biden was elected. And sold today I for $155 per share. I would net $1,924,050 million $!

It looks like the president is failing at his mission to destruct the oil and gas industry.

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