Tear Em Asunder

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Dall Ram

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


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:
  Shale drilling is highly price sensitive. -- Dall Ram 05/13/2022 10:36AM
  TD you have a crush on Tucker. -- Dall Ram 05/13/2022 10:47AM
  This is Bidens foley...not Trumps.... ** -- babybull 05/14/2022 10:29AM
  He had total Republican Congress 2017-19. -- aggieram76 05/14/2022 6:24PM
  Here ya go.... -- babybull 05/14/2022 7:09PM
  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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