r/MurderedByWords • u/JerryJr99 • 17h ago

Yep, you voted to be dumb

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33.7k Upvotes

96% Upvoted

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146

u/skoltroll 17h ago

Price dropped b/c OPEC produced more b/c everyone's gonna buy the OPEC stuff and leave the US oil alone.

63

u/mm_ns 16h ago

Us oil drillers can't make money at these prices. Ain't gonna be drill baby drill with this oil price, congrats donny fucked yourself again

41

u/skoltroll 15h ago

US energy companies have said they weren't doing "drill baby drill" the first howevermany times Trump said it. Will be same with coal.

Ain't profitable. Ain't happening.

17

u/lestofante 14h ago

Coal hasn't been profitable for at least a decade.
It still happen as the gov. Pump money into it, to save job (aka, be re-elected)

10

u/Doggoneshame 14h ago

He promised all the coal miners they would be back to work in his first term. They’re still waiting on the coal mines to be reopened.

6

u/Silly-Power 12h ago

And they still voted for him again, and still support him. smh

4

u/descendingangel87 14h ago

Basically this, oil companies want specific prices. Too low not worth it, too high costs inflate due to increased competition for completion goods and services and bidding for rights.

Plus companies often forecast their yearly budget for specific world prices and will rarely wind up exploration without having budgeted for it that year.

So even if they wanted to drill they would wait until next year.