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Critter Picker I hear you. Reall SUCKS to finally get to retirement and have saved all your life only to see it all disappear within a few months. Never had time to react to the Market so we lost a lot of money. I can't even add to this because it saddens us so much how one person and Party can destroy a World Economy.
What are you trying to do confuse them with facts?
Sorry to hear that. Things will turn eventually.
The fix is to get the Government out of all of our businesses, the Government we have now are not about We the People, who in theory and as stated in the Constitution are public servants, not so much anymore. Most people have no idea the amount of regulatory hurdles that have to be jumped to get a refinery, a pipeline or a power plant for that matter approved, millions of dollars are invested at risk to just perform the studies, actual field surveys, ROW acquisition before you can even do the filing for the permit and every bit of it is at the private companies risk. Just finished a project, 130 miles of pipeline, the upfront prefiling cost were in excess of 80 million dollars and took a little over 2 years before we received the Notice to Proceed from the Federal Energy Regulatory Commision. (FERC)
Trump warned about shutting down the economy but governors in most states made that decision. The ones that didn't shut down or only shutdown for a small amount of time were s**t upon. The democrats were aware that shutdowns were going to destroy the economy they felt it was worth the suffering of the American people particularly the low and middle class (who they claim to protect) to try to crash the economy so Trump wouldn't get re-elected. What they didn't take into consideration is if they won they would then be the ones blamed and rightly so. If Brandon had not been elected they would still be trying to stay shut down. Bottom line is they caused it, they were warned against it, and they own it. It has zero affect on them so they don't care. The sad part is the people suffering like the gentlemen above that are retired already.
If I had the money , absolutely. If you had bought stock in exxon back in Nov of 2020, you would have more than doubled your money by now and received dividends. When the president talks about becoming carbon free or independent on fossil fuel, he means over a long period of time. He was not talking about it occurring during his administration. He was talking about this occurring over the next 40 or 50 years which in reality is probably more like 100 years or more even with California achieving 100% power using renewables. In the meantime there is allot of money to be made in the industry. Nothing invested now will go to waste. Maybe in 40 or 50 years but not now. Like I said, I think the industry is hurting itself by not putting as much money as possible in it right now. The longer people suffer with these prices, the more they think about other forms of energy. People keep saying that its Biden and the democrats driving this. If the public did not support them then this would not be happening. Its not just the US, its global. If oil companies could figure out a way to sell gas for $2 a gallon, we would never get off of fossil fuels. We would be the last country on the planet using fossil fuels. Its like cigarettes. People aren't smoking less because they are health conscious. They are smoking less because cigarettes are $6 a pack. Of course, the reason cigarettes are high because of taxes but its the same principle. Make things more expensive and people stop buying. Its happening right now with gas. They say that more than 50% of americans are driving less because of gas prices. I know I am driving less. That is ok in the short term but if it continues, people will start purchasing more electric vehicles and more fuel efficient vehicles. The days of the soccer mom driving the suburban will be over and never to return.
Refineries are superfund sites which is why the regulations exist. We can get rid of all the environmental regulations as long as you don't mind not living very long and dying of some horrific disease. I personally would rather spend a little more and live a little longer but that just me.
Ok so liberal logic buy it from third world country where there is no regulations. Tax companies to the point where they go to china to make it where they can afford too and no regulations.
I would just like to know where your getting gas for $4.19 per gallon?????
One I was not talking about buying shares in a company. I was talking more on the lines of bank rolling a new refinery.
Yes they sure were when the built them back in the 50's 60's and early 70's, the technology didnt exist then that we know have, I too dont want to see the environment destroyed and they can be built and regulated in a manner that will not have the big downsides that the previous generations left us with. They have spent lots of money cleaning up their mistakes and in many cases out right criminal activities that have brought on the negativity. It has actually put many of them out of business and rightfully so. But, whether you like it or not we live in a hydro carbon society and that isnt going to change in the next 10 or even 50 years, and we cant live without that industry without going back into the stone age.
Thats because you have not done any research at all regarding china and green energy. China has the largest renewable power fleet in the world. They say it generates 323 gigawatts of solar and 338 gigawatts of wind and are hoping to achieve 1200 gigawatts by 2030 and it looks like they will achieve it before then. They are handing our backsides to us.
