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supersnoop

Major
Registered Member
daifo said:
Whatever happen to the US being oil independent? Thought they had all the fracking frackers?

Intresting meltdown piece from cnn:
"Some of the draft talking points circulated by the White House to the Treasury Department on Monday that were obtained by CNN framed the prospect of a production cut as a “total disaster” and warned that it could be taken as a “hostile act.”

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US is mostly energy independent, but who's going to tell Chevron and ExxonMobil to give oil away for 'patriot' prices?
Remember when Biden scolded them for making money, but didn't actually do anything?
 
daifo

daifo

Major
Registered Member
supersnoop said:
US is mostly energy independent, but who's going to tell Chevron and ExxonMobil to give oil away for 'patriot' prices?
Remember when Biden scolded them for making money, but didn't actually do anything?
Click to expand...

Another theory I have heard is that the US is trying to drain the resources of other countries first so it can retain the reserves. This may also apply to "rare" minerals to if you put it into the China context.
 
escobar

escobar

Brigadier
escobar said:
The expected cut by OPEC+ members is not only related to market conditions. OPEC members realize that If the G7 oil price cap on Russian crude is successful or partially successful, it will be used against them. Derailing this effort before it starts becomes important
https://twitter.com/i/web/status/1577514906718461953
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US really want to reduce OPEC's control over energy prices.
NSC’s Jake Sullivan and NEC’s Brian Deese on OPEC+ production cuts: “In light of today’s action, the Biden Administration will also consult with Congress on additional tools and authorities to reduce OPEC's control over energy prices.”
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S

supersnoop

Major
Registered Member
daifo said:
Another theory I have heard is that the US is trying to drain the resources of other countries first so it can retain the reserves. This may also apply to "rare" minerals to if you put it into the China context.
Click to expand...
To me, I don't think so. They are just companies with shareholders making money.

Biden was saying these companies are profiting off hard working americans, blah blah blah

So what does he want to do? Nationalize the oil companies and declare People's Republic of the United States of America?

"My fellow Americans, mark today as one of the great triumphs of the American Dream... The workers have re-established control of the country over the capitalist class..."
 
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