(06-03-2026 07:43 AM)Redwingtom Wrote: (06-03-2026 07:33 AM)Eagleaidaholic Wrote: Just admit Biden announcing "50% of cars in America will be electric by 2030" was the reason.
So ******* ignorant. Not how any of this works. The O&G industry doesn't react to political campaign propaganda like that, they react to actual legislation, etc.
So, back to name calling. You have no idea what you are talking about regarding the O&G industry. That is your opinion. When the POTUS tells you his goal is to put you out of business you are going to do everything to make as much money as you can while you can. What "actual legislation" is causing the instability in the O&G business now? You aren't very good at this Tom. Your opinions don't make things true. The Strait of Hormuz is blocked up and oil prices are not even close to where they were during the Biden Administration after his policy, which is not propaganda, was announced he would "phase it out". Luckily Harris didn't win or you would have to be supporting why $6.00/gal gas was a good thing for the country. And speaking of January 2025
https://www.cnn.com/2025/01/06/business/...-ban-trump
and I know you have access to this one.
https://www.nytimes.com/2025/01/06/clima...g-ban.html
https://fee.org/articles/did-joe-biden-r...-industry/
That is the reason oil prices went up during the Biden Administration.
"The exchange was lively, but what was even more interesting is what happened next. Perhaps sensing an advantage, Trump challenged Biden with a simple question.
“Would you close down the oil industry?” the president asked.
Biden, normally a disciplined speaker, took the bait.
“I would transition from the oil industry, yes,” Biden said.
This response even seemed to perplex the debate moderator, who asked Biden, “Why would you do that?”
“The oil industry pollutes significantly,” he continued. “It has to be replaced by renewable energy over time.”
Biden’s candor was a bit remarkable. Politicians are renowned for hedging and offering vague responses to straightforward questions. As the Associated Press reports, even the president himself seemed “surprised and pleased by Biden’s comment.”
The Biden Campaign tried to backtrack after the debate, telling reporters he was only talking about oil subsidies. But even in his clarifying comments, Biden indicated he still plans to get “rid of fossil fuels.”
“We’re getting rid of the subsidies for fossil fuels, but we’re not getting rid of fossil fuels for a long time,” Biden said, according to The Guardian.
A closer look at Biden’s record shows an extensive history of publicly promising “to get rid of fossil fuels” through legislation. This would be dangerous."
Just stop it with this Trump's OPEC deal and CoVid being the reason. Those issues don't even have a fractional effect on oil as the current situation does, but yet oil is trading in the 90s. Just move on to some other talking point.