I've often wondered if there's more to this rush to snatch up as many drilling permits as possible even when the market situation doesn't really support more drilling for the near future. No doubt, many of these companies want to get these permits in hand now so that they can cash in on a bonanza when the price of oil goes up. But there seems to be this other piece which has to do with the "stock portfolio" (I'm not quite sure what to call it).
What I'm saying is that having these drilling permits on hand makes these companies look more valuable to investors in the short term so they can pull in more investment money and inflate their stock prices.
In this sense, throwing around permits like peanut shells in a Honkytonk isn't so much about "drill, baby, drill" as it is another Wall Street/stock market scam by the administration for the already Uber wealthy.
I'm curious what others would have to say about this.
Beyond the US and the absolute idiocy being perpetuated - what the "Israeli" IDF is raining down on Gaza with the United States of America providing the weapons and refusing to stand up for humanity? I think the so far 50,000 Palestinian men, women and children (plus all those buried in rubble) have "evened" the score for the 1,200 Israelis on October 7th. Plus the destruction of homes, schools, and hospitals - When will it be enough?
I've often wondered if there's more to this rush to snatch up as many drilling permits as possible even when the market situation doesn't really support more drilling for the near future. No doubt, many of these companies want to get these permits in hand now so that they can cash in on a bonanza when the price of oil goes up. But there seems to be this other piece which has to do with the "stock portfolio" (I'm not quite sure what to call it).
What I'm saying is that having these drilling permits on hand makes these companies look more valuable to investors in the short term so they can pull in more investment money and inflate their stock prices.
In this sense, throwing around permits like peanut shells in a Honkytonk isn't so much about "drill, baby, drill" as it is another Wall Street/stock market scam by the administration for the already Uber wealthy.
I'm curious what others would have to say about this.
Very good point! I think you are onto something here.
Very plausible
Beyond the US and the absolute idiocy being perpetuated - what the "Israeli" IDF is raining down on Gaza with the United States of America providing the weapons and refusing to stand up for humanity? I think the so far 50,000 Palestinian men, women and children (plus all those buried in rubble) have "evened" the score for the 1,200 Israelis on October 7th. Plus the destruction of homes, schools, and hospitals - When will it be enough?
https://www.dropsitenews.com/p/israel-attacking-deir-al-balah-gaza-displacement
This is making me sick - sick and disgusted with any and all of our "politicians".
Again I'm in agreement with you Maggie. Sometimes this world is hard to bear and it's because of the men in power.
😕
“One Big Beautiful Bill Act” of 2025 (OBBBA) - now you have a substitute for writing the whole name.