Even the Wall Street Journal is getting into the act with headlines like “Chevron Rides High Oil Prices to Record $35.5 Billion Annual Profit” .
Not surprisingly, in light of the disastrous market conditions for oil companies that year, oil companies turned off the spigot. It doesn’t make much sense to drill for oil when prices turn zero to negative. From a low of 9.9 million barrels of crude oil production in the U.S. in February 2021, oil companies revved up production to 12.3 million barrels in the last reporting period of November 2022. That’s an increase of almost 25% in about a year and a half.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Drill, baby, drill: Biden attacks oil companies for not extracting more oilDemocrats face an awkward conundrum on wealth and taxes. More than ever before, Democrats are the party of the rich, yet much of their voting base craves class warfare. Renewables will not provide more than 50 percent of energy consumption for many years. Consumers, farmers, fishermen, and truckers use fuel. Higher fuel prices increase food prices and inflation. Politicians should stop opposing oil and gas production and pipelines. Total failure!!!
La source: dcexaminer - 🏆 6. / 94 Lire la suite »
Texas’ teacher pension fund divested from investment firms accused of “boycotting” oil and gas industryThe Teacher Retirement System of Texas was following a new state law targeting investment firms that seek to invest in companies that don’t worsen climate change.
La source: KPRC2 - 🏆 80. / 68 Lire la suite »