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Curious where this kind of federal oil and gas strategy is shared publicly? I'm just a tech bro, but it's always interesting to talk to my friends in private e

Curious where this kind of federal oil and gas strategy is shared publicly? I'm just a tech bro, but it's always interesting to talk to my friends in private equity who work on energy (although supposedly this is a lackluster division of PE). It sounds like the current presidential admin has absolutely hammered the ability for oil extractors to finance exploration / development to extract new oil?

0000011111 4y ago
Ya thats another misconception: 1. Most oil and gas production is on private land within the United States 2. Oil and Gas firms have leases to drill on public land that they are choosing not to produce. In short, they make more money with the price oil is high. Just look up their old profits and compare those to oil prices. 3. The Federal Government has many tax breaks and handouts for oil and gas firms. its in the billions per year : https://www.eesi.org/papers/view/fact-sheet-fossil-fuel-subsidies-a-closer-look-at-tax-breaks-and-societal-costs https://www.eesi.org/papers/view/fact-sheet-fossil-fuel-subs...
- ThunderSizzle 4y ago
  To be fair, if a president got elected that was vowing for the destruction of your industry, I doubt you'd spend a couple million investing in continuing that industry. Might as well take your profits and run elsewhere since the prospects of long term oil usage is currently up in political turmoil. Political turmoil makes people think twice about investing in anything that could be taken away in a moments notice.
  - 0000011111 4y ago
    The industry is having is best year fiscally speaking in decades. ######## 1. https://g.co/kgs/zMQTbf https://g.co/kgs/zMQTbf 2. https://g.co/kgs/d8oRQ8 https://g.co/kgs/d8oRQ8 ##### If I had invested 2 million in the day Biden was elected 11/20/2022 in Chevron Stock: November 9, 2020 $79.40 per share. Today the stock is trading at $155 per share. So if I bought those 25,316 shares for two million the day Biden was elected. And sold today I for $155 per share. I would net $1,924,050 million $! It looks like the president is failing at his mission to destruct the oil and gas industry.

0000011111 4y ago

Ya thats another misconception: 1. Most oil and gas production is on private land within the United States 2. Oil and Gas firms have leases to drill on public land that they are choosing not to produce. In short, they make more money with the price oil is high. Just look up their old profits and compare those to oil prices. 3. The Federal Government has many tax breaks and handouts for oil and gas firms. its in the billions per year : https://www.eesi.org/papers/view/fact-sheet-fossil-fuel-subsidies-a-closer-look-at-tax-breaks-and-societal-costs https://www.eesi.org/papers/view/fact-sheet-fossil-fuel-subs...

ThunderSizzle 4y ago
To be fair, if a president got elected that was vowing for the destruction of your industry, I doubt you'd spend a couple million investing in continuing that industry. Might as well take your profits and run elsewhere since the prospects of long term oil usage is currently up in political turmoil. Political turmoil makes people think twice about investing in anything that could be taken away in a moments notice.
- 0000011111 4y ago
  The industry is having is best year fiscally speaking in decades. ######## 1. https://g.co/kgs/zMQTbf https://g.co/kgs/zMQTbf 2. https://g.co/kgs/d8oRQ8 https://g.co/kgs/d8oRQ8 ##### If I had invested 2 million in the day Biden was elected 11/20/2022 in Chevron Stock: November 9, 2020 $79.40 per share. Today the stock is trading at $155 per share. So if I bought those 25,316 shares for two million the day Biden was elected. And sold today I for $155 per share. I would net $1,924,050 million $! It looks like the president is failing at his mission to destruct the oil and gas industry.