RE:When do Producers Open the Taps?Patriotic duty to who or what?
I don't recall anyone running to Arc's rescue when oil prices went negative. They didn't run to anyone elses aid in the oil and gas industry either.
The people in the oil and gas industry remember better than anyone else how screwed they were and now that thye are making money and actually can afford the high prices of gasoline and groceries are going to give that up for the people that are invested in Tesla?
Mmm nope.I might buy a Tesla...with my didvidend when it is hiked.
GLTA Longs
\
Shaleguy wrote: Scott Sheffield, CEO of Pioneer, stated a month ago that they will not increase production even at 150 or 200 dollar oil to satisfy shareholders. Assuming sanctioning Russian oil more than 3.5 million barrels, net China will be taken off the market. At what point does it become a patriotic duty if you will to increase production. Also I have an American friend who says gas prices are the number one issue down there. Just saying But in reality there are only so many men and equipment. Maybe the Halliburton guys from Russia can be put to work here.