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Jacob Watson
CNBC Television
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Comments by "Jacob Watson" (@jacobwatson3781) on "Struggling to find how 'drill, baby, drill' will work, says top oil analyst Paul Sankey" video.
Hard to build new refineries when oil compaines do stock buybacks instead.
15
Well, big oil does billions in stock buybacks vs building new refineries. Big oil could build them anytime they want but don't. Also, the US produced more oil than any country ever so why didn't prices come down? Is producing more oil really going to lower prices? Also, how much more oil do we need to produced to lower prices by 10 cents, 50 cents, 1 dollar.
13
So, why haven't prices came down already when US has never produced more oil?
4
The pipeline didn't produce oil.
2
@bmatteson88 Is that why prices have went up since he took office? What he wants causing inflation and hurts Americans. Also, isn't doesn't matter what he wants, it matters what is best for America.
1