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In essence Biden is slowing U.S. oil production, we are oversupplied U.S. is a net exporter of petroleum distillates. What will lowering U.S. production mean for the global market? By lowering supply will prices adjust? Isn't this market manipulation? It happened last year when SA and Russia began pumping out petroleum during the pandemic lowering their price because the demand tanked. I feel there's a scheme going on here with oil futures.

In essence Biden is slowing U.S. oil production, we are oversupplied U.S. is a net exporter of petroleum distillates. What will lowering U.S. production mean for the global market? By lowering supply will prices adjust? Isn't this market manipulation? It happened last year when SA and Russia began pumping out petroleum during the pandemic lowering their price because the demand tanked. I feel there's a scheme going on here with oil futures.

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[–] [deleted] • 0 pt

>Fracking is stupid, it just poisons the water and doesn't even produce enough to be profitable, it survives on subsidies and ripping off investors.

See "Thanks President Obama" film

>I applied to an oil company, they never even called me back. Fuck them and anyone stupid enough to invest in them.

A lot of companies hire friends and family first, then sprinkle in the minorities to level things out. The government gives tax breaks to companies for every minority they hire.