@AFELeaks Also, does the general public not understand that crude oil and gasoline aren't the same thing? Crude oil is up ~25% from 2025 to current. Gasoline is up 100%, why is no one taxing refiners?
@WAR527 I didn't realize they had built such a massive position at >800,000 net acres as per the Enverus report. That has to be the largest acreage position in the EF.
@GasBuddyGuy Now compare that to the rise in other consumer goods over the last 5 years and I think you’ll quickly find snout gasoline is cheap compared to housing, healthcare, food, clothes, etc.
@staunovo Lets boil this down to what Trump is really saying. "This is driving up oil prices which is having an impact on my approval rating and changes of a GOP win in November". Just say the truth
@FirstSquawk You don’t just bring the oil wells back on at a higher rate after shut in. Best case scenario the wells come back at the pre-shut in rate. Those shut in bbls won’t be made up in 2026.
@FirstSquawk This is absolute garbage. EIA saying total oil inventories will be 700 million bbls higher at year 2026 compared to year end 2025 despite 200-300 million bbls of Middle East oil being shut in during this conflict.
@UnintendedCons5 Don’t you then have to refill the SPR you just drained? Not understanding how 15 MMBOPD being offline for weeks or months will just be absorbed by a quick SPR release.
@GasBuddyGuy Sure would be nice to have 700 Million bbls in the SPR right now. Instead Biden pulled out 300 million bbl in 2022 and it never got refilled. The lack of refill is on Biden and Trump and the entire DOE.