Comments by "Maxwell Benz" (@Tential1) on "Who Actually Controls Gas Prices? | Climate Town" video.

To be fair, working on those oil bankruptcies was a freaking bish. No one is interested in building new drilling. Why? You make short term money, oil prices go down, and then the company is unprofitable, goes bankrupt, and people cry about mismanagement. There's no reason to drill a whole new freaking well for a short term demand mismatch. That idea is literal insanity. You're forecasting peak oil demand, but you want people to drill more wells, because the gas price is high... So you want someone to make a 10+ year investment for your one year dilemma? People just cry about business without thinking about it, and go ahead, but the stock, with all of your friends, vote for it to make the changes, and loss your own money.
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They aren't prioritizing short term profits. They are focusing on long term. If we are moving to clean energy, why drill expensive wells when demand is going down, not up. You literally defeat your own argument. This is the issue with people focusing on their ideology, rather than the most basic of logic.... It's owned by the shareholders, and shareholders don't think it's worth it to drill new wells, just because Russia attacked Ukraine, and you're freaking out about oil. It makes no sense, and I certainly would NOT under ANY CIRCUMSTANCE be OK with a company drilling new wells right now. It makes no long term sense. Prioritize operational efficiency, and ride oil into the sunset. Warren buffet didn't buy oxypetro to drill wells. It's a good investment to collect money on as it dies out. It's a return money to shareholders investment. Not make idiotic Capex decisions to appease people who won't lose money from it.
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