... [+]
e"war profiteering," taking aim at businesses' record profits as households grapple with soaring inflation. One of the dumbest political soundbites was President Obama saying, about a bridge, “You didn’t build that.” His basic argument was sound: government not business provides public goods like infrastructure.
Politicians—like most of the population—generally have no sense of economics, let alone business, and frequently take steps that are economically irrational because they don’t perceive the costs being inflicted on companies. Most egregiously, setting regulations and then canceling them means that companies are forced to make investments to satisfy them, and then write them off as losses.
But also, if governments take steps that interfere with project developments, the delays add to costs but again, in a manner that isn’t very transparent. A company that buys a lease in the Gulf of Mexico and then finds drilling or development delayed because of a government interdiction is bearing a significant cost—the interest payments on the money spent for an idle project. And if production is postponed, the net present value of the investment drops, sometimes significantly.
In the figure below, I compare the discounted present value of an income stream from a stereotypical shale oil well . In the first case, the well is drilled and brought on line in a couple of years and then production and revenue start and decline abruptly, as is typical for such wells.
Hurt the oil companies who rape Americans who own the oil then rape us again when at the pump i dont feel not one bit sorry and neither should you with covid and inflation they make record profits fuck that's profiteering!
UNKNOWING
Politicians seem to hurt almost everything they touch.
Unknowingly? Pfft.
Bra they KNOWINGLY did this.
For 2 years we've been feeling wronged But Joe you think this nation is strong And now Brandon you are the enemy you're the one that brought us to our knees just confirm to us what went wrong we're being overrun with all these refugees coming from every where full of disease
Politicians know exactly what they are doing. They just don’t care.
My heart breaks for the oil industry 🖕🏾
Oh they knew! It's exactly what they wanted!
How about how they knowingly allow big oil to fuck us in the ass?
Lol, “unknowingly “
Yeah, 'unknowingly'. 😒
Article proudly sponsored by the Oil industry.💰💰💰💰💰💰
HakimSolana Urgent relief is here before it's too late to save the girl
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Am I the only that sees the banjo kid on Deliverance every time a picture of him pops up on the TL?