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Environment & Energy

bucolic_frolic

(49,600 posts)

1. The cheap oil has been extracted long ago

Reply to hatrack (Original post)

Sat Feb 1, 2025, 10:43 AM

Feb 1

The more drilling, the more cost. Higher drilling costs are only profitable when oil prices are very high. If they don't perpetuate the use of oil as a fuel, the demand won't be there to drive prices higher. Which is why they want to gut alternative energy entirely.

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Highlight:

Oil Companies Sitting On 1,000s Of Unused Leases; Glutted Market Means "Drill Baby Drill" Is Bullshit [View all] hatrack Feb 1 OP

The cheap oil has been extracted long ago bucolic_frolic Feb 1 #1

Kick bronxiteforever Feb 1 #2

Mega Americans, believe that any oil drilled out of our ground is "our oil" Walleye Feb 1 #3