On Jul 1, 11:58 am, gringo <gri...@[EMAIL PROTECTED]
> wrote:
> Monkey Clumps wrote:
> > On Jun 30, 9:04 pm, gringo <gri...@[EMAIL PROTECTED]
> wrote:
>
> >> Monkey Clumps wrote:
>
> >>> On Jun 30, 1:15 am, gringo <gri...@[EMAIL PROTECTED]
> wrote:
>
> >>>> FIRST, they need to uncap existing producing wells and begin to
drill in
> >>>> land they're already permitted to drill on.
>
> >>> Its pretty clear from this statement that you have no idea what you
> >>> are talking about. "Uncap existing producing wells"? Are you
> >>> actually suggesting that oil companies have shut down existing,
> >>> producing wells with oil prices above $140? That's laughable.
Let's
> >>> see some cites.
>
> >>> You probably think offshore leases come equipped with pre installed
> >>> well heads and production platforms, each with a guaranteed amount
of
> >>> oil and gas. All the oil companies have to do is flip a switch and
> >>> count the money, right? Why don't you take a step outside your
> >>> fantasy world and get back to us when you have some ****ing clue
about
> >>> reality.
>
> >> You're thinking present tense; Big Money thinks long-term.
>
> >> Much of the oil being pumped in the US now comes from wells drilled
> >> 20-50 years ago. When first tapped that oil was worth a few cents
per
> >> gallon. Today, that same oil is worth a few dollars per gallon.
> >> Tomorrow, that same oil will be worth, what, $20 per gallon??? All
> >> without one red cent in additional cost. So, there certainly is
> >> incentive for them to hold onto their assets.
>
> >> For the self-same reason, people collect cars, stamps, coins, guns,
> >> paintings--all manner of things, tucking them away sometimes for a
> >> lifetime, knowing that their value will increase a hundred-fold.
>
> >> If you can't understand what I'm talking about, you are dumber than a
gnat.
>
> > Oil companies are not stamp collectors, you moron. They are public
> > cor****ations owned primarily by pension funds and mutual funds. They
> > are in a highly competitive market and they have to produce profit to
> > satisfy their shareholders and fund future projects. When prices are
> > high they have to maximize production. If they don't, they know their
> > competitors will and they will unable to compete against them in the
> > future. They will be out of business if they don't make hay while the
> > sun ****nes. This idea that they would purposely sit on known
> > producing sources in hopes of higher prices 50 years later flies in
> > the face of reality. Sure prices will probably continue going up, but
> > thats not the deciding factor. The current management wants to
> > maximize profits *now*, not 50 years down the line, dummy. You left-
> > wingers really don't understand **** about how business works, do
> > you?
>
> Just as I figured. You're too ****ing retarded to understand the
> interconnectivity of all of society. It's not rocket science, monkey.
> It's called maximizing profits: it's what people do.
> It's not grilling hamburgers at a McDonald's, doofus; oil isn't pumped
> and sold 30 seconds later. Drive through Texas sometime, notice the
> thousands of rusting--but still pumping--oil wells. Oil in the ground
> is growing in value as we speak. Consider if you will just how many
> extra billions the oil companies have made from the price increases of
> the last month alone!
>
> Monkey Chump, conducting
research:http://www.youtube.com/watch?v=4FX3SnVG-2A&feature=related
>
You are one stupid mother****er aren't you? This is the deal. Oil
companies want to produce more but can't because they have maxed out
their current production wells. Read this article about how Exxon's
share price is taking a hit because their production volume is
dropping. Are you going to tell me they want that to happen?
http://www.ft.com/cms/s/0/2af6218e-1784-11dd-b98a-0000779fd2ac.html
Production volume is dropping because they don't have access to drill
where the oil is (ANWR and offshore). Venezuela kicked them out, so
that hurt them as well. This idea that they are purposely holding
back oil production is such a pile of crap. I challenge you to find a
single cite that even suggests that oil companies are purposely
holding back production. If you can't find a legit cite then please
feel free to shut the **** up.
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