/biz/ - Business & Finance

>>57431237
>Amplify Energy Corp. is an independent oil and natural gas company, which engages in the acquisition, development, exploration, and production of oil and natural gas properties. It focuses on operations in Oklahoma, the Rockies, offshore Southern California, East Texas and North Louisiana, and Eagle Ford. The company was founded in 2011 and is headquartered in Houston, TX.

>>52898481
>U.S. WILL PURCHASE 3 MLN BBLS OF OIL FOR SPR FOR DELIVERY IN FEBRUARY - SENIOR ENERGY DEPT OFFICIAL

>>51666664
Just show up late, say that you're an oil man, and apologize that you couldn't be there sooner because you had a new well coming in at Coyote Hills that you had to see about.

I'm not falling for another one of your gay overnight rallies, OIL.

>>50633180
Key moving average is 101.80 or 101.90 or thereabouts.

I propose the Order Inflation Lower (OIL) Act:
>$500 billion stimulus to recapitalize oil producers and refiners
>Expand and refill the SPR to 1 billion barrels
>Order the immediate, subsidized creation of no fewer than five (5) refineries along Pennsylvania Avenue
>Mandatory oil and gas leasing on all public and private lands
>Solar and wind power now banned from all Federal lands and buildings
>All existing solar plants and wind turbines to be converted into oil derricks (even if no oil is under the ground)

>>50601845
That's per gallon, mind you.

>>50465472
Don't worry. That can easily be fixed.

>>50465481
First, weigh less than 400 pounds.

>Previous >Risk management:

>Even if you find one that has copypasta and means to bake, he'll maybe know nothing about baking and he'll have to hire the job out on contract, and then you're depending on a contractor who'll rush the post through so he can get another contract just as quick as he can. This is... the way that this works.

>>50210980
>lower highs and lower lows on oil. tick tock
Sorry, what was that?

>>49760750
Yes, but you need frankly impossible substitutes for literally everything you get from fossil fuels.

Solar, nuclear, wind, hydro, fucking Garbage Don biodiesel need to be ridiculously cheap (everywhere on the globe) to kill off thermal coal for electricity. But then you need to fix things up on the metallurgical coal side as well with electric arc furnaces and carbon capture (unless you're fine with steel furnaces still emitting).

Next, you can get rid of about 50%-75% of nat gas usage by swapping in 100% green energy mentioned above as well as tearing out the heating systems of millions of homes. But then it's still needed as a fertilizer and chemical feedstock, so you need to set up systems to generate *that* "greenly". And remember, like with power, global competition requires that you make these green alternatives cheaper than dirt.

Lastly, replacing oil requires 100% electric cars, trucks, buses, semis, airplanes, and tractors to knock out about 2/3rds of consumption. The remainder is largely unsubstitutable like with nat gas's industrial uses - plastic feedstocks, asphalt, lubricants, etc. Thankfully oil's power and heating consumption is negligible and we're assuming you took care of that similar to the coal and nat gas use cases.

tl;dr green energy is a scam, expensive fossil fuels right now only fucks everyone over

>>49509154
>>49509837
Once again, the fair price of a barrel of oil is one (1) share of SPY.

>Commerce Secretary Raimondo tells @KateBolduan
President Biden is "going to use every arrow in his quiver in order to bring down gas prices." But Raimondo conceded the "brutal reality" is there "isn't very much more to be done."

>>49354174
One (1) share of SPY.

Jesus fuck, OIL

Don't pull the lever.

Those people are your competitors.

Any recommendations for long-term oil ETFs. Is XOP a good one?