Spot on man. After enduring 3 oil price collapses in the past 11 years oil companies in their forward looking statements made it abundantly clear that they have set out to do whatever it takes to avoid having to watch their stakeholders equity getting crushed again. Moreover, the cheap to recover oil reserves located in countries friendly to the US have for the most part been depleted.
As oil nears $100 a barrel, U.S. drillers get busy in costly shale basins
As U.S. oil rises toward $100 a barrel, producers in some high-cost shale basins are buying properties and adding rigs and frack crews in places that fell silent when prices crashed early in the pandemic two years ago.www.reuters.com
Putin Biden Ukraine Negotiations
- Thread starter The big package
- Start date
Plenty of recoverable oil here in the States. Biden has taken us from by far the #1 oil producer to #3. And it's their shareholders' equity, not their stakeholders.
So you tell me. Just exactly what additional measures do you think the Western allies should take to defuse the current crisis in Ukraine? And just exactly what would your Dear Leader do today if he was still in office? When he was in there he didn't seem the least bit concerned about Putin's increased spending on the modernization and upsizing of his forces.
A shareholder is a stakeholder. Yes, there's recoverable oil in the states but at what price because the price is what you guys are barking about. So are you prepared to meet those price demands? After all the reason we went into the Middle East back in the 1930's and the reason why Hitler tried to grab it for himself was that the oil was cheap to get to. Not as much of that to be found in the states these days.
Exactly how was he to control Putin's spending on Russia's military? And Trump spent much more on our military. By the way, Putin invaded the Crimean Peninsula during Obama's watch. And now is poised to invade greater Ukraine under Biden's. He made no such move during Trump's tenure. Gee, I wonder why?
A shareholder isn't a stakeholder. I would've thought you'd know the difference. And with tracking there's an estimated 200 years of oil production at current consumption rates.
But will it be the cheap oil Americans are addicted to? Oh, the drillers will go after the oil if you're willing to pay the price they would require. Oh you can go on and on all day if you like about how much oil might be left here in the states. The oil companies simply want to know if you're going to be willing to pay the price they'll need. Helps to explain why car makers are fully committed to EV's .
When they have access to supply the prices come down. Take away their access to Federal land and as we've seen prices rise. Throw in a Putin and they may skyrocket. The drillers would replace the oil we're importing and as it's less costly to transport from within the States the result will be, and certainly was under you-know-who, lower prices.
A shareholder and a stakeholder both have an interest in the performance of a given company. Whether it be a C Corp or an S Corp or an MLP privately or public held. In the oil business you have them all. And oil companies are now fully committed to protecting them first and foremost.
Something wrong with that?
They use to could lease Federal land. Now they having to buy private property. Drives up costs. Those costs get passed to us. So yeah, there's something wrong with that.
So they are treated like every other company?
DriveInDriveOut
Inordinately Right
No.
Mining companies lease Federal land. Ranchers lease Federal land. I honestly don't get why anyone who's company depends on reasonable fuel prices would be in favor of higher prices if that's what his political party wants?
A shareholder owns a percentage of a company. How big a percentage depends on the number of shares of stock in that company he owns. A stakeholder is someone who works for a company. Who's livelihood and future depends on how well that company does as long as he continues to work for them. Shareholders seek profits in the form of quarterly dividends as well as growth in the value of their shares. The company has a fiduciary responsibility to their shareholders to seek profits and growth for them. Stakeholders have no such guarantees and their value in helping their company achieve profits and growth usually determines their income as well as job security. It's a dog eat dog system but it does insure that companies thrive if well managed. That they provide the goods and services consumers want and need. If they don't they fail and shareholders lose their investment and stakeholders lose their livelihoods.
DELACROIX
In the Spirit of Honore' Daumier
Putin read Biden from the beginning, the man is near 80 and losing his mental capabilities even his supporters would agree on that...On the other side Putin is on top of his game and in complete control of this situation.
Would it be different if Trump had his second term we will never know thanks to the Chinese Viruses. The timing of these events is no accident, Trump would of win easily if it was not for the pandemic which caused the Floyd riots, we all were being played with the politics that followed.
We will not send in ground troops so the Russian troops might just walk on in to those regions much like the Taliban. The only plus is that the US military will be testing their superior arms technology, but if the resisting forces bail we will be only offering these resources to our enemies.
We better start drilling again and get started with that Canadian Pipeline again, it will be a long year if they do not settle this issue. To “Hell” with the spotted owls and the First Nations, if you think inflation is bad now... just wait...
