US oil firms unlikely to go 'drill, baby, drill' under Trump, says
Exxon executive
U.S. oil and gas producers are unlikely to radically increase
production under president-elect Donald Trump as companies remain
focused on capital discipline, a senior executive at Exxon Mobil
(XOM.N), said on Tuesday.
https://www.reuters.com/markets/commodities/us-oil-producers-unlikely-shift-drill-baby-drill-mode-says-exxon-executive-2024-11-26/
On 11/28/2024 5:02 AM, D wrote:
On Wed, 27 Nov 2024, JAB wrote:
US oil firms unlikely to go 'drill, baby, drill' under Trump, says
Exxon executive
U.S. oil and gas producers are unlikely to radically increase
production under president-elect Donald Trump as companies remain
focused on capital discipline, a senior executive at Exxon Mobil
(XOM.N), said on Tuesday.
https://www.reuters.com/markets/commodities/us-oil-producers-unlikely-
shift-drill-baby-drill-mode-says-exxon-executive-2024-11-26/
It is very simple. If there is a demand, there will be drilling. Looking at >> my sweet, sweet, dividends and capital gains, I'd say that there is a
demand! =)
What still has not ever been adequately explained to me is why do the oil companies control the crude that has been drilled on American territory. This oil belongs to the American people, not the oil companies
Alaska
That means the US oil belongs to the owners of the land
under which it resides, that is, the companies.
One exception is Alaska, and they have a state-tax (?) or something, and
the money is then distributed to the inhabitans in alaska.
Eligibility
To be eligible for the PFD, you must:
Have lived in Alaska for a full calendar year (January 1-December
31)
Intend to remain an Alaska resident indefinitely
Return to Alaska for at least 72 consecutive hours every two years and
30 cumulative days every five years
A large number (?) of Americans
either know nothing about or can afford to invest in stocks.
On Fri, 29 Nov 2024 10:51:55 +0100, D <[email protected]> wrote:
Alaska
AI Overview
Alaska citizens receive a share of the state's oil revenue through the
annual Permanent Fund Dividend (PFD):
How it works
The PFD is an annual payment to Alaska residents that comes from
the investment earnings of mineral royalties. The fund is a sovereign
wealth fund that receives a portion of oil and mining revenues each
year. The money is invested in a diversified portfolio, and the
returns contribute to the fund's growth.
Eligibility
To be eligible for the PFD, you must:
Have lived in Alaska for a full calendar year (January 1-December
31)
Intend to remain an Alaska resident indefinitely
Return to Alaska for at least 72 consecutive hours every two years and
30 cumulative days every five years
On 11/29/2024 4:51 AM, D wrote:
On Fri, 29 Nov 2024, Auric Hellman wrote:
On 11/28/2024 5:02 AM, D wrote:
On Wed, 27 Nov 2024, JAB wrote:
US oil firms unlikely to go 'drill, baby, drill' under Trump, says
Exxon executive
U.S. oil and gas producers are unlikely to radically increase
production under president-elect Donald Trump as companies remain
focused on capital discipline, a senior executive at Exxon Mobil
(XOM.N), said on Tuesday.
https://www.reuters.com/markets/commodities/us-oil-producers- unlikely- >>>>> shift-drill-baby-drill-mode-says-exxon-executive-2024-11-26/
It is very simple. If there is a demand, there will be drilling. Looking >>>> at my sweet, sweet, dividends and capital gains, I'd say that there is a >>>> demand! =)
What still has not ever been adequately explained to me is why do the oil >>> companies control the crude that has been drilled on American territory. >>> This oil belongs to the American people, not the oil companies
This I can easily explain! The US is more or less a capitalist country,
built on strong property rights. That means the US oil belongs to the
owners of the land under which it resides, that is, the companies.
So by extension it is owned by the companies and the share holders of the
companies, and sold on the semi-free market.
The beautiful thing is, you can also become an owner of oil in the US by
buying shares in these companies, so ownership is open to anyone, and in
the form of dividend, the profits are distributed equally to all owners,
according to their shares.
This is more equal and democratic, than any other socialist nation, where
the oil money goes to the government and the politicians, and the people
seldom see a penny of that money.
One exception is Alaska, and they have a state-tax (?) or something, and
the money is then distributed to the inhabitans in alaska. I do not hav a
lot of details, but let us pray that some fellow group member can fill us
in on the details! =)
Eminent domain would solve land ownership and it would be up to Congress to resolve who gets what. A lot more good could come of that revenue than just making shareholders richer. A large number (?) of Americans either know nothing about or can afford to invest in stocks.
What still has not ever been adequately explained to me is why do the
oil companies control the crude that has been drilled on American
territory. This oil belongs to the American people, not the oil companies
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