>>21626077>why would these business drill more for less money?All wells have a decline curve. operators make money by selling oil/gas, if you do not produce someone else will, they have equipment and people that need to run and they need to pay for. They are always looking to 'make oil' for the least cost, but they need to make oil. If prices rise they make more money, if prices fall they want to make more oil to make more money. If operators get leases/permits faster and produce more they just keep producing and smart firms hedge their sales to help offset sudden prices surges/declines. I do not care the price goes up or down, I look at will operators want more or less oil field services (drilling, completions, fracing...whatever).
Also consider the libs were pushing hard to force electric cars, solar and wind, and reduce ICE powered vehicles and equipment. Trump is for oil and gas production, for gas power plants, for ICE powered cars and equipment, so I would expect the demand for oil to increase.
I once explained to some fucking lib retard in a high level government agency how and why oil is the economy, jobs, growth and this fucktard could not care less - he thinks you write a policy paper and somehow that translates into economic growth.
So, if there is notable oil production increases, but also notable increase in consumption, oil prices may not fall but increase even with more oil production.
I know a guy in a high level government position how never saw an oil well permit he did not approve, even in the Biden administration. So Trump just needs to appoint the right people to give the green light and the leases/permits will flow.
