Quote:
Originally Posted by coralway
Last year? SEC filings from the largest oil and gas companies show they’ve collectively completed $45.6 billion worth of buybacks since the start of 2021.
So, if you're ok with oil and gas companies dramatically increasing their prices so they can buy back their stock, and make their investors happy, then no one has any reason to complain about current prices.
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Its called supply and demand. When the government restricts supply buy increasing regulations, canceling pipelines, discouraging investment, and delaying or canceling permits, supply drops and prices skyrocket. This is a completely self inflicted crisis. The answer, drill baby drill.