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American oil companies colluded with Saudi Arabia
jecornel
Member Posts: 9,727
in Tug Tavern
to hike oil prices in 2021
Comments
Drill baby drill.
What has raised prices more?
Green energy bullshit and Biden inflation or the fever dream of the linked article?
Inslee raised gas 50 cents a gallon
Regulation limits competition, that's the main point of it.
When corporations decided they loved big government
The untold story of the pandemic is how much money big data, pharma, and delivery made by going along
PPP was just the surface
Oh, it’s Big Oil’s fault gas prices are high.
JFC, these Leftists…
Big oil is the only ones that can afford the army of lawyers needed to comply with the environmental regulations. So they buy up more market share as smaller competition can't stomach the relatively similar total fixed cost that it takes to be big as a % of revenue. More players in the market makes it harder for collusion to be effective, there's no other lesson to take other than that from this article.
I consult a few companies that manufacture parts in the oil and gas industry and it’s a struggle for a lot of the smaller companies since mid 2020 and has t recovered with Biden’s unrealistic plan for the future of how to power our country. It’s actually refreshing to hear how much they belittle Biden and his ridiculous Department of Energy. Borderline hatred and being in Montana, Jon Tester is in for a real battle against whoever wins the GOP primary even though he’s allowed to vote “No” on some energy and China bills that pass the Senate anyhow.
He’s running ads here saying how he’s working with Republicans against some Biden policies. Meanwhile, a large majority of his donors and all of his big ones are from out of state.