American Politics

[ShooBree]

And you read and listen to all this QAnon BS? In Texas 90% of the energy comes from Oil / Gas. There is only about 10% green Energy! But now they open Texas and no more mask. So maybe this QAnon Idiots kill them self.

https://www.google.se/amp/s/www.stat...-by-fuel-type/

You look like a fool making false claims.

[Beno69]

Once gain you listened to the idiot progressives like AOC. Don't write these fabricated lies.

And you read and listen to all this QAnon BS? In Texas 90% of the energy comes from Oil / Gas. There is only about 10% green Energy! But now they open Texas and no more mask. So maybe this QAnon Idiots kill them self.

[John Clayton]

...What has you buying stock 20 years ago got to do with anything? ...

Yeah, That.

[ScatManDoo]

Yes if the socialists get their agenda USA Air Force will no longer be using the dying dinosaur jet fuel but will be defending us with the electric fighter jet and wind glider. You and AOC will be able to sell the rest of the world with this new military.

So you can only discuss this topic by making silly false assertions that fossil fuel powered fighter jets will be a victim of expanded renewable energy source development.

How silly you seem to think.

[Canada]

In 20152016, the federal government provided $14.7 billion per year to the oil, gas, and coal industries, on top of $5.8 billion of state-level incentives (globally, the figure is around $500 billion!

Republicans keep selling the oil industry as essential to national security.

Hopefully Joe Biden will stop the excessive subsidies those parasite oil companies subsist on.

US is currently on track to shower domestic oil companies with a estimated $20 billion in subsidies this year.

Hopefully smarter minds quit propping up a dying, dinosaur industry that is ruining the planet with unnecessary pollution.

https://www.theguardian.com/environm...s-abolish-them#text=A%20 report%20 from%20 Oil%20 Change, figure%20 is%20 around%20%24500 bn).

Yes if the socialists get their agenda USA Air Force will no longer be using the dying dinosaur jet fuel but will be defending us with the electric fighter jet and wind glider. You and AOC will be able to sell the rest of the world with this new military.

[Canada]

You're confusing coincidence with causality. Gasoline is up due to cold weather and refinery shut downs. In fact, the prices of gasoline and oil are not very well correlated. Look at the future pricing for Brent. Most people are predicting $50/ bbl for the next year. Oil is a world commodity and Biden, regardless of what he does will be able to do little to affect the price / bbl.

In your opinion was Trump good for the oil industry? Brent started 2020 strong $60. Then it went down to $9 in April! Did Trump do that? Maybe you're a Canadian and you're aggrieved at the Keystone XL decision? Alberta tar sand oil costs ~$80/ bbl to produce, so that pipeline has been a money losing idea since 2014. Given long term supply and demand trends, I don't think anyone who is not the victim of a political cult, believes (sufficiently to bet their money on it) that heavy crude is ever going $100/ bbl again.

Even democrats acknowledge that the price of oil dictates the price at the pump. Socialist always want to fabricate their facts to suit their thinking. Gas at the pumps has gone up since Biden took office because oil price increased. Demand will have increase as Biden kills the USA oil industry.

Trump was good for the oil industry and all manufacturing and small business because he got rid of stupid regulations that Obama put in.

It is refreshing to know that all you socialists are getting rid of your gas cars, gas heating and appliances to go all electric. It will be great when flying overseas that none of you are flying on jet fueled aircraft and are waiting for the electric plane and the electric ship to travel. Isn't Fantasyland great.

[GDreams]

If these oil companies lost so much money the last few years how are they still managing to pay 6% dividends to their shareholders every year.

Because Investors change the price they pay for the stock to achieve their desired rate of return. I thought that was obvious to anyone but apparently not to a sophisticated investor such as yourself. Many drillers have gone bankrupt What's the return on Chesapeak energy in the last 5 years? Don't lump refiners and diversified industrials in with drilling.

[ScatManDoo]

If these oil companies lost so much money the last few years how are they still managing to pay 6% dividends to their shareholders every year.

In 20152016, the federal government provided $14.7 billion per year to the oil, gas, and coal industries, on top of $5.8 billion of state-level incentives (globally, the figure is around $500 billion!

Republicans keep selling the oil industry as essential to national security.

Hopefully Joe Biden will stop the excessive subsidies those parasite oil companies subsist on.

US is currently on track to shower domestic oil companies with a estimated $20 billion in subsidies this year.

Hopefully smarter minds quit propping up a dying, dinosaur industry that is ruining the planet with unnecessary pollution.

https://www.theguardian.com/environm...s-abolish-them#text=A%20 report%20 from%20 Oil%20 Change, figure%20 is%20 around%20%24500 bn).

[Canada]

I said nothing about my investments. What has you buying stock 20 years ago got to do with anything? Nothing of what you have said changes the fact that in the past 7 years oil companies are $300 b in the whole for drilling against returns. $300 b of subsidies would go a long way towards lots of shiny solar panels and lots of scenic windmills and at least get to breath clean air.

The estimated cost for remediating and capping abandoned oil and gas wells is $2 trillion dollars. Imagine what the cost would be to pay for that at the pump but Republicans are happy for the ground water contamination, the methane leakages the oil seepages because they will accept any consequences if it saves a buck.

If these oil companies lost so much money the last few years how are they still managing to pay 6% dividends to their shareholders every year.

[Vagabundo1]

https://www.youtube.com/watch?v=S0tF...ature=youtu.be

Here in Rio, Glenn Greenwald asks the important question of why liberals hate Joe Rogan, who is very liberal.

[GDreams]

You are one of the few investors that did not make money on oil stocks. I bought Exxon in 2001 for $31.90 per share. Since 2001 the share price has been as high as $110 offering investors to cash out at a profit or as I have done just taken the 5-6% dividend every year. Current dividend is 6. 4% which I consider a good return. I bought EOG in 2002 for $10.25 per share and it is $65 today. EOG has paid dividend of 2-4% every year. Bought Conoco Phillips for $20 currently $53 paying 3. 31% dividend. Oil companies have historically paid between 3-6% dividends to shareholder besides their stock prices increasing. I never ever heard major oi companies promising sky high returns Must be a CNN thing. I am sure you are making millions of dollars on the solar and wind industry stocks.

You are correct about one thing. Oil companies have spent billions on investing in USA drilling resulting in USA not being dependent on foreign oil and not having to start wars to protect foreign oil. Consumers have benefited the most with cheap pump prices the last 4 years. But Biden is fixing that. We will kill our oil industry and buy our oil from the Middle East. Already working for Biden. Gas prices have gone up 80 cents a gallon since Biden took office and will go up at least another. 50 to $1. 00 per gallon in the next few months. Oil prices have gone up from $38 to $62 per barrel since Biden too office This hurts the low income families the most..

I said nothing about my investments. What has you buying stock 20 years ago got to do with anything? Nothing of what you have said changes the fact that in the past 7 years oil companies are $300 b in the whole for drilling against returns. $300 b of subsidies would go a long way towards lots of shiny solar panels and lots of scenic windmills and at least get to breath clean air.

The estimated cost for remediating and capping abandoned oil and gas wells is $2 trillion dollars. Imagine what the cost would be to pay for that at the pump but Republicans are happy for the ground water contamination, the methane leakages the oil seepages because they will accept any consequences if it saves a buck.

[John Clayton]

... Gas prices have gone up 80 cents a gallon since Biden took office and will go up at least another. 50 to $1. 00 per gallon in the next few months. Oil prices have gone up from $38 to $62 per barrel since Biden too office ...

You're confusing coincidence with causality. Gasoline is up due to cold weather and refinery shut downs. In fact, the prices of gasoline and oil are not very well correlated. Look at the future pricing for Brent. Most people are predicting $50/ bbl for the next year. Oil is a world commodity and Biden, regardless of what he does will be able to do little to affect the price / bbl.

In your opinion was Trump good for the oil industry? Brent started 2020 strong $60. Then it went down to $9 in April! Did Trump do that? Maybe you're a Canadian and you're aggrieved at the Keystone XL decision? Alberta tar sand oil costs ~$80/ bbl to produce, so that pipeline has been a money losing idea since 2014. Given long term supply and demand trends, I don't think anyone who is not the victim of a political cult, believes (sufficiently to bet their money on it) that heavy crude is ever going $100/ bbl again.

[Canada]

For years, companies pledged sky-high returns even when oil was as low as $50 a barrel. But those promises were never kept. Over the past decade, shale oil and gas producers burned through more than $300 billion in capital spending above the cash generated from oil revenues, according to Deloitte LLP. That resulted in massive flows of oil but little in the way of financial returns to investors.

You are one of the few investors that did not make money on oil stocks. I bought Exxon in 2001 for $31.90 per share. Since 2001 the share price has been as high as $110 offering investors to cash out at a profit or as I have done just taken the 5-6% dividend every year. Current dividend is 6. 4% which I consider a good return. I bought EOG in 2002 for $10.25 per share and it is $65 today. EOG has paid dividend of 2-4% every year. Bought Conoco Phillips for $20 currently $53 paying 3. 31% dividend. Oil companies have historically paid between 3-6% dividends to shareholder besides their stock prices increasing. I never ever heard major oi companies promising sky high returns Must be a CNN thing. I am sure you are making millions of dollars on the solar and wind industry stocks.

You are correct about one thing. Oil companies have spent billions on investing in USA drilling resulting in USA not being dependent on foreign oil and not having to start wars to protect foreign oil. Consumers have benefited the most with cheap pump prices the last 4 years. But Biden is fixing that. We will kill our oil industry and buy our oil from the Middle East. Already working for Biden. Gas prices have gone up 80 cents a gallon since Biden took office and will go up at least another. 50 to $1. 00 per gallon in the next few months. Oil prices have gone up from $38 to $62 per barrel since Biden too office This hurts the low income families the most.

I am sure your news outlets will dispute this and it is Trumps fault that Biden killed the oil industry.

[Travv]

"WEST PALM Beach, FL—With many voters around the country disappointed that Biden hasn't given them $2,000 yet, Trump seized the political opportunity to promise that if he's elected in 2024, he will ensure every American receives a stimulus check for $2,001 dollars.

"Sleepy Joe promised a $2,000 stimulus, and where is it?" said Trump in a statement from his Mar-a-Lago resort. "Total disgrace. Too busy bombing people in Syria maybe, who knows! Everyone knows I would do a better job of passing stimulus than Sleepy Joe. I'll even do better! $2,001 dollars! How does that sound?

Biden was so outraged by Trump's taunt that he challenged him to a soda-drinking contest at the local five & dime.

According to experts, the presidential race in 2024 will just be a large auction where candidates outbid each other to buy everyone's votes with printed money. Presidential hopeful AOC set a high bar this morning by tweeting a promise of infinity dollars to every American. . ."

https://babylonbee.com/news/trump-pr...resident-again SATIRE.

[GDreams]

For years, companies pledged sky-high returns even when oil was as low as $50 a barrel. But those promises were never kept. Over the past decade, shale oil and gas producers burned through more than $300 billion in capital spending above the cash generated from oil revenues, according to Deloitte LLP. That resulted in massive flows of oil but little in the way of financial returns to investors.