Comments by "Jacob Watson" (@jacobwatson3781) on "Exxon Mobil CEO Darren Woods: OPEC is leveraging its pricing power" video.

What is the CORE oil business? 8K fully approved leases and permitted land ready to drill on but aren't. Stock buybacks and dividends happening vs trying to lower cost.
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@michael2275 your answer to my comment sure is.
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@michael2275 that is what I said, you don't care about being able to lower cost to consumers, you just care about profit. At least you can admit it, not saying there isn't anything wrong with making money. It's just hypocritical to say inflation is hurting Americans while at the same time saying I want my record profits. It's possible to still get record profits while at the same time cutting cost to consumers.
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@michael2275 production isn't down, US is worlds leader in oil and natural gas production. This administration is producing more oil on average compared to previous administration. Issue is there is over 100 billion in profits this year while, literally the most profitable year in the history or oil production. There is room to lower some cost and for record profits. Oil companies can ramp up more production but they don't.
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@michael2275 wait, there is a massive European market that just opened up, private oil compaines can fight for that market. There is nothing stopping private oil compaines from producing more or lowering cost, only they are making that decision. You agreed with me, private compaines are knowingly not investing more in production. They like the high profits vs trying to lower cost for their consumers.
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@michael2275 corporate profits have been found to be 53% of inflation. Sounds like free markets aren't fixing any problem.
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@michael2275 yeah those actual numbers hurts doesn't it. Like the saying goes, you make a liberal mad by telling a lie, you make a conservative mad by telling the truth
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