Talk of The Villages Florida - View Single Post - Let’s revisit
Thread: Let’s revisit
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Old 06-07-2022, 02:56 PM
jimjamuser jimjamuser is offline
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Originally Posted by Stu from NYC View Post
Management decided that the future of oil was not great and it was best to return excess cash to their investors. They saw that govt was going to push the automakers into electric vehicles greatly reducing the demand for oil.

The investors can than take the money and invest in other things that help grow the economy. Do you think they take this cash and hide it under their mattresses?

Are you still saying this is a bad thing?
Reducing the DEMAND for oil should push the price of oil (and gasoline) down. Making the US less dependent on Middle East and Russian oil.