![Talkin' about gas prices [828x855 - 100KB]](https://pic8.co/sh/sBbzsw.jpg){kind=link}
greetings, glownigger
greetings, glownigger
Gas prices started creeping up immediately after Biden stole the election by cheating.
Gas prices started creeping up immediately after Biden stole the election by cheating.
Considering he immediately started cutting new sources of supply, it's not a surprise.
Considering he immediately started cutting new sources of supply, it's not a surprise.
Yoh dont understand how gas prices work do you?
Yoh dont understand how gas prices work do you?
Oil companies are price takers having little pricing power. They win through cost savings and good exploration or acquisition programs that allow them to produce oil for less per bbl than the marginal producer.
When the president of the USA starts wars with energy producers the marginal producer is more expensive as low cost (Russian) oil is removed from the market. POTUS is subsidizing oil companies now.
You are not well schooled in economics and this meme shows it. Try to contribute for once, eh?
Oil companies are price takers having little pricing power. They win through cost savings and good exploration or acquisition programs that allow them to produce oil for less per bbl *than the marginal producer.*
When the president of the USA starts wars with energy producers the marginal producer is more expensive as low cost (Russian) oil is removed from the market. POTUS is subsidizing oil companies now.
You are not well schooled in economics and this meme shows it. Try to contribute for once, eh?
-218! LOL You got algo'd, bitch!
-218!
LOL
You got algo'd, bitch!
Let's me know I'm doing good work
Let's me know I'm doing good work
It means you are a retard who tried to game the system.
It means you are a retard who tried to game the system.
Its on a tear
Its @aou on a tear
Most current I can find. I'm sure it's more now but would still miss the mark considerably, compared to what's displayed in the meme. With no sources from OP, the only way I could see that claim to possibly be true is if their wealth came from outside their employment. For example investments. I don't see how an oil executive making good investments would make them to blame for higher gas prices. Another possible way the first part of the meme is true is most executives own stock in the company they operate. Oil stocks being way up could explain the wealth increase. That being said I'm still highly sceptical the first part is true.
The second part of the meme sounds like a question, but ends with a period. I'm assuming the OP is retarded, and won't address that statement/question or what ever it is.
[2017 top energy sector CEO salaries](https://graphics.wsj.com/table/CEO_slice_energy_0702)
Most current I can find. I'm sure it's more now but would still miss the mark considerably, compared to what's displayed in the meme. With no sources from OP, the only way I could see that claim to possibly be true is if their wealth came from outside their employment. For example investments. I don't see how an oil executive making good investments would make them to blame for higher gas prices. Another possible way the first part of the meme is true is most executives own stock in the company they operate. Oil stocks being way up could explain the wealth increase. That being said I'm still highly sceptical the first part is true.
The second part of the meme sounds like a question, but ends with a period. I'm assuming the OP is retarded, and won't address that statement/question or what ever it is.
stock options
The analysis of major oil companies’ financials shows that 11 of the group gave payouts to shareholders worth more than $36.5bn collectively this year, while a dozen bought back $8bn-worth of stock. This apparent focus, rather than on further drilling, has caused some frustration within the federal government, with Jennifer Granholm, the US energy secretary, stating that “the oil and gas companies are not flipping the switch as quickly as the demand requires.”
https://www.theguardian.com/business/2021/dec/06/oil-companies-profits-exxon-chevron-shell-exclusive
stock options
>The analysis of major oil companies’ financials shows that 11 of the group gave payouts to shareholders worth more than $36.5bn collectively this year, while a dozen bought back $8bn-worth of stock. This apparent focus, rather than on further drilling, has caused some frustration within the federal government, with Jennifer Granholm, the US energy secretary, stating that “the oil and gas companies are not flipping the switch as quickly as the demand requires.”
https://www.theguardian.com/business/2021/dec/06/oil-companies-profits-exxon-chevron-shell-exclusive
Thank you for that. Stock options do make the most sense for why there is such a large gain in wealth. The real winners of the GameStop stock run up were not stock holders as much as those who had options. That being said I still agree with the other comments that oil companies are price takers not price makers. The only way oil companies can affect the price is by reducing oil production. This requires collusion across the different companies. Otherwise you'll loose out. Additionally I have seen first hand the effects of Biden pulling oil leases on federal lands. There is a handful of mostly developed fields in Alaska. The pipeline running to the rest of the oil network were about 6 weeks from completion. The day Biden took office everyone was laid off. The supply issues go much further than the keystone XL pipeline. Additionally oil companies wouldn't be spending billions on expansion if they were trying to reduce production.
Thank you for that. Stock options do make the most sense for why there is such a large gain in wealth. The real winners of the GameStop stock run up were not stock holders as much as those who had options. That being said I still agree with the other comments that oil companies are price takers not price makers. The only way oil companies can affect the price is by reducing oil production. This requires collusion across the different companies. Otherwise you'll loose out. Additionally I have seen first hand the effects of Biden pulling oil leases on federal lands. There is a handful of mostly developed fields in Alaska. The pipeline running to the rest of the oil network were about 6 weeks from completion. The day Biden took office everyone was laid off. The supply issues go much further than the keystone XL pipeline. Additionally oil companies wouldn't be spending billions on expansion if they were trying to reduce production.
you technically always want to grow your profits thats the point of capitalism. not to mention you need to stay ahead of inflation which is at record highs you have to deal with constant seemingly random government supply chain distruptions etc
you technically always want to grow your profits thats the point of capitalism. not to mention you need to stay ahead of inflation which is at record highs you have to deal with constant seemingly random government supply chain distruptions etc
More proof the left can't meme.
More proof the left can't meme.
(post is archived)