If Trump is successful driving down energy costs, we all realize that’s bad for us, right? All this ENGINE nonsense just to have Trump crater our stock?
19 replies (most recent on top)
I'm good for cheap oil and more layoffs. We have been needing to clean out the riffraff for years now. Win-win!
They're is a mission all right, just not sure Trump is the one actually driving it.
Sleezy, egomaniac, etc. I can think of a lot of ways to describe DJT, but disinterested is the last one that I would use. The man is on a mission
These executive orders were all written by so,e other than Trump. All he cares about is the photo op holding up the paper and his signature for the cameras. He’s too d-mb is too d-mb and disinterested to understand or even care about the content or consequences. He’s then off to the next photo op like a ventriloquist dummy with a blank stare and empty mind.
Then I would recommend that you buy more CVX at lower prices. It still pays a great dividend. I’ve owned CVX since 1981. These fluctuations are not at all unusual. Between CVX stock and my lump sum, the day I retired in 2017 I became an instant Millionaire.
Anyone that thinks low oil prices will spur increased demand and that will help oil companies obviously wasn't around for the mid 1980's through 1990's. How did that work out?
Haven’t you seen - THERE IS AN ENERGY EMERGENCY.
Give it a rest already. Trump is one person. By your logic, Biden’s last minute offshore drilling ban should have pushed prices past $100.
Energy is a global commodity, and while policies of governments can temporarily shift prices in either direction, demand is what drives price. The world’s demand for energy, specifically cheap hydrocarbons, is still growing.
Agreed. Historically republican administrations not all that great for O&G prices unless there is some sort of middle eastern conflict. Increasing US supply will not help oil prices much and CVX stock will suffer. Low oil prices mean the only asset class which will benefit is shale in the most prolific areas. Other asset classes, Offshore, Alaska, etc., will have no hope of competing.
Drill baby drill is a magic phrase that makes me disregard any basic logic around words, but instead allows me apply mind bending wish casting around intent to ease my cognitive dissonance.
Check the record clowns. He wants oil at pandemic pricing.
People were discussing changing the name of some GOM Sharepoint due to Trump's blathering..... lol, waiting for the layoffs. You think Chevron would rather ditch these non-thinkers or be happy to keep those who are quick to get in line and do what they are told?
It seems to be mostly the latter here.
Not bad for business if you have a better understanding of macroeconomics, supply, demand and competing technologies ( such as transition to EV).
Drill baby drill is a phrase that indicates a pro oil consumption economic environment (more demand). This also translates to lower oil transportation costs ( permitting for pipeline expansion, use of federal land transit and production), minimal restrictions on exports , so seller can get a higher value, …. So the net result is higher demand, and the ability to cost effectively supply that demand.
Relax. We now have the Gulf of America as part of our portfolio.
No worries team, the Hess acquisition will fix all the problems!
The person who says "lots of layoff" with the solution of "drill baby drill" does not know oil industry basics.
Cheap oil means there are lots of layoffs in the oil industry. drill, baby, drill!
Well the last time oil prices crashes. we picked ip Noble for pennies on the dollar.
They do not realize. The man didn’t get into office based on his sound policy promises or anyone’s understanding of them.
And his tariffs will take things in the opposite direction. The good news here is these clowns are so incompetent not much will get done the next 4 years