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I don't think any reasonable person would think this decision works to fill the coffers of anybody. Everyone is getting shafted.
by ahsillyme 6mo ago
I don't think any reasonable person would think this decision works to fill the coffers of anybody. Everyone is getting shafted.
- piva00 6mo agoOil companies in the USA seeing a price hike from ~US$60 to over US$100? It definitely fills their coffers, lots of barely-profitable/non-profitable shale extraction becomes viable. Of course, there's also the angle with Miriam Adelson who might have sweet talked Trump into going aboard with Israel on this disaster.
- ahsillyme 6mo agoAlright, it was my assumption that we'll be left with a totally dysfunctional economy, and in that sense whatever's in you bank account means very little. If I were an oil exec I wouldn't trade that world from what we had before even if money was my only objective.
- myvoiceismypass 6mo agoIf the TV show Landman is to believed, its not all rosy for the oil companies when prices go over $100 because it leads to people using less gas: "Well, you want oil to live above 60 but below 90. And don’t get me wrong, we’re still printing money at 90, but gas gets up over $3.50 a gallon, it starts to pinch. It hits a hundred, every product in America has to readjust its price. $78 a barrel, that’s about perfect. You know, brings enough profit to keep exploring, but it don’t sting as much at the pump."
- nullocator 6mo agoThat show is 100% fiction, bullshit and propaganda, nothing in it should be believed or taken at face value. The examples, stats or stories Billy-Bob tells are contrived, false or otherwise misleading. It is entertainment, a soap opera for adult men.
- Sabinus 6mo agoAnd the acting is extremely average.