(11-12-2021, 10:09 PM)p_rushing Wrote:

(11-12-2021, 09:13 PM)mikesez Wrote: Hmmm.  Here I always thought people heated their homes with natural gas, but you seem to be telling me they do it with diluted bitumen. Am I learning something new today, or do you have no idea how the energy market works?

It doesn't sound like you understand how the industry works. Tell us about your experience.


The price in a free market is set by supply and demand. As the US supply is down greatly, the price goes up. Now we have to depend on the unfree market for our supply. The price is controlled and we cannot do anything about it now unless we fix the supply issues we control that were all shutdown by Biden.

I have a lot of experience with upstream side and none of this is their fault of stopping pumping oil as they now have higher profit margins for doing the same work.

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You're mostly right except the part where you say Biden shut down supplies.  He did no such thing.  Presidents don't command US oil companies to turn pumps on or off.  The initial March 2020 crisis shut the pumps off when it shut off the demand.  The demand is back but some of the pumps are not back on.  It's a process and workers tend to move on when their jobs go away for a year.

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