201

So, yes? You would like to use the power of the government to compel private citizens and crops to do your bidding?

I mean, it’s a simple yes or no answer.

202

“Once you lease land there is a whole process that you have to go through. First you have to actually discover whether actually there is oil and gas in that land. Second of all, you have to get a permit to actually develop that land.”

Energy industry representatives told FOX Business at CERAWeek Monday that the U.S. is effectively at its capacity for oil and gas production under the current regulatory framework. They said that it would take at least months or even years of investment in extraction and infrastructure to significantly increase output and potentially backfill Europe’s energy needs, which are currently filled by Russia.

3 Likes
203

They aren’t even at production levels they had pre pandemic on already active rigs.

How do we force them to drill when current oil levels are making them money hand over fist?

204

What happened to rice farming in this country?

205

Create an environment, a context, in which investment is more attractive.

Which SWOT quadrant is “government” in for the industry now?

206

More corporate welfare?

207

No, why are you resisting?

208

Resisting what?

How do you make an investment more attractive without offering special incentives (welfare) to a private company?

209

By not attacking the industry with every breathe is where I’d start.

By moving “government” from “T” closer to “O” if not “S”.

What’s wrong with incentives? Cutting a tax a half a point to do the right thing is not “welfare”.

210

Thinking.

211

A good investment is a good investment. They aren’t even at pre pandemic level yet. Why?

They are already making more money than they ever have. They answer to shareholders, not to people who don’t want to pay 6 a gallon for gas.

Instead of giving them more tax breaks… couldn’t they just sell oil below market to the US? Out of their good graces?

1 Like
212

So if you aren’t going to answer a simple yes or no question, and instead adopt a condescending socratic rabbit hole method of conversing, I’ll pass on continuing the conversation and just snicker at the idea that you - you, who claims to hate authoritarianism - want to compel private citizens to do the bidding of the government.

2 Likes
213

More attractive???

The oil companies have literally never made as much money in any time in history.

What is more attractive than that?

214

Complaints lead to political pressure not to do what needs to be done.

Although, actually- the fact that we have Rentier Capitalism/Corporatism in this country means our politicians are lobbied to keep Business as Usual.

Amazing what happens when for 30+ years, we follow an economic philosophy that favor the “owners” of capital in the hopes that wealth “trickles down”.

1 Like
215

It has to be corporate welfare because no company is going to drill where it’s not profitable.

And much of the potential oil out there in the US will require government subsidies for them to be profitable.

Contrary to the latest political talking points, government is not the chief constraint to new investment.

216

Go pester someone else.

217

It’s your assumption that has to happen.

1 Like
218

And to that point, my hope is that we finally get someone with the foresight to consider national security, and this is what I said about that leader:

219

You keep pretending this is some meaningful point. :man_shrugging:

220

We’ll see, but I would suspect corps will view current market conditions - supply interruptions by war and covid - to be relatively short lived anomalies, and will choose to ride out the storm rather than invest billions of dollars and years of time to build american factories to replace global supply, particularly knowing that the american made product will be multiples higher in production cost.

We can’t depend on private corporations sharing our desire to protect the american consumer from shortages. It has to be profitable.