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US oil producers defy calls to open taps and tame war-driven energy prices

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Simple ftenergy Oil Cos are rational actors. President and congress have sent mixed and sht signals at best. What a clown show US Energy 'policy' is. Throw the Bums out is an American favorite action for this kind of screwup.

Because profits matter more than everything else. Richness for the very few and poverty for the rest of the world. I wonder how much of that cash these executives and shareholders can take with them to hell once they die

Ever since invention of tools to extract Shale resources, from BigOil to US politicians incl. Trump did much to harm the Shale Industry while either discrediting or acting in concert w/ globalists to bankrupt it. Hence there are no reasons for them to support Biden’s 🇺🇦 war

If you want to understand the risks of fascism, look to both the history and present arc of corporatism. Taken as a power mechanic, corporations are top-down command authority rooted as rigid hierarchies of wealth and network. Use ink to pen ideas, and use 'inc' to pin ideas.

The profit machine has to keep running

La realidad es que no pueden producir más combustibles sin incrementar sus pérdidas.

Because demand is back down to 2020 levels.

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US oil producers defy calls to open taps and tame war-driven energy prices\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Source: ftenergy - 🏆 47. / 63 Read more »