The Soapbox

Shenhoo

Joined: 01/04/2001 Posts: 35273
Likes: 51502


When the economy begin booming at a far faster rate than the


oil supply.

Do you understand that under Biden we've rised drilling activity from 300 rigs to over 650 active girs according to the Baker Hughes survey? Or do you understand that from 2014-2020 100's of oil drilling companies could not find financing and filed for bankruptcy for more than $56 billion in unserviceable debt?

Do you understand how the severe drop in drilling in 2019 and 2020 means there are hundreds of new wells that would ordinarily be pumping oil are not because drilling was put on the shelf? Exactly what in the perverted Conned brain three cells was Joe supposed to do to get people to drill fo $30 oil in 2019 and 2020?

(In response to this post by Lupos)

Posted: 03/17/2022 at 07:38AM



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