Presumably they only have excess profits because Biden didn't allow them to invest it all back into new drilling sites?
Not really, no. The "excess profits" talking point comes from his handlers, who believe that oil companies don't have the right to make money for their shareholders.
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Presumably they only have excess profits because Biden didn't allow them to invest it all back into new drilling sites?
Not really, no. The "excess profits" talking point comes from his handlers, who believe that oil companies don't have the right to make money for their shareholders.
but if you want to drill a new site presumably you'd have to raise a few billion from market investors first, and you'd only get good rates on that loan if your share price was solid?
we've had the same idea raised in the UK, but it might be going ahead anyway
but if you want to drill a new site presumably you'd have to raise a few billion from market investors first, and you'd only get good rates on that loan if your share price was solid?
we've had the same idea raised in the UK, but it might be going ahead anyway
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