Quote:
Originally Posted by jimjamuser
Oil and gas profits last qtr of 2022 were the highest ever, ever in History. Currently, there is NO restriction on permits for drilling. Oil was ALLOWED to be taken out of the Federal Oil Reserve for the purposes of bringing DOWN gas prices at the pump - for the benefit of the WORKING middle class and lower class. (and seniors on a fixed income) The OIL and Gas industry CHOSE to NOT drill and WHY would they because they are enjoying RECORD PROFITS?
......Why IS this important? Because EVERY product or fresh produce that a Senior on a fixed income MUST buy at one of our local Walmart stores or BJ stores has a markup due to HIGH fuel costs to operate the delivery vehicles.
........a good site to check out is - www.themoneybalance.com |
They chose not to drill because while they had permits to drill, they DID NOT have permits to build pipelines to move the oil...
Add to that, what business will spend $$$MILLIONS of dollars, investing in new wells, when the current administration Has PUBLICLY STATED THAT THEY WANT TO SHUT THEM DOWN?