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Dall Ram

Joined: 10/19/2005 Posts: 6122
Likes: 508

What's this?

Shale drilling is highly price sensitive.


graph rig count over oil price shows rig counts high correlates with high WTI price, and drops accordingly. Politicians control access to drill on public lands and permit/regulate drilling everywhere, not oil price, we should both agree on this.

I completely agree with the conclusion about not snapping fingers and controlling oil prices. You also can't snap fingers and control rig counts which you attribute to tRump! Also spinning off on tangents like LEDs and toilets de-emphasises the valid industry fact discussion, imo. I seriously dont recall anyone ever complaining about a trump war on LED or lauding a Obama/Biden LED-gasm.


(In response to this post by aggieram76)

Posted: 05/13/2022 at 10:36AM


+1

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Current Thread:
 
  In response to the nonsense BB posted yesterday, 698 drilling rigs in -- aggieram76 05/13/2022 08:39AM
  Shale drilling is highly price sensitive. -- Dall Ram 05/13/2022 10:36AM
  After 40 years in the business, what the hell do you know??? Ftucker knows -- TD Elvis 05/13/2022 10:32AM
  TD you have a crush on Tucker. -- Dall Ram 05/13/2022 10:47AM
  Refining capacity varies greatly. There was no infrastucture bill but -- babybull 05/13/2022 10:26AM
  My friend do you understand anything about interstate commerce. Not all -- aggieram76 05/13/2022 11:51AM
  This is Bidens foley...not Trumps.... ** -- babybull 05/14/2022 10:29AM
  Huh? 4 years tRump promised an infrastructure program = Nada -- aggieram76 05/14/2022 1:56PM
  Dems would not with Repubs. Trump was never presented an Infrastructure -- babybull 05/14/2022 3:19PM
  He had total Republican Congress 2017-19. -- aggieram76 05/14/2022 6:24PM
  Here ya go.... -- babybull 05/14/2022 7:09PM
  You LIE! How many times did he say he was bringing a package -- aggieram76 05/14/2022 11:19PM
  He had a package but Congress didn't like it! ** -- babybull 05/15/2022 11:27AM
  Let's not get into climate changes ** -- babybull 05/13/2022 1:40PM

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