Drill baby, Drill! Ignorant of a Scam Comment?

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Throughout his campaign to be reelected, Trump has been saying repeatedly "when I become president again, we will drill baby drill", referring to drilling for oil to get oil prices down and in turn getting inflation down.



Why he keeps repeating this lie is plain stupid because there will be no new drilling to occur.

Here are the reasons why drill, baby drill is a lie

1) According to a 2024 survey, oil producers operating, they need WTI oil prices to amount to a minimum of 62 U.S. dollars per barrel in order to profitably drill a new well. (Oil prices are presently around the $70 level).

2) In general, most drilling and production is regulated by the states. States with oil and natural gas production have state-level laws and regulations that apply in each particular state. Knowledge of a specific state's requirements is needed before beginning exploration and development operations in that state. (this means that it is not up to the president to decide that)

3) Why are companies not drilling for oil? According to Bloomberg, “U.S. oil companies generally have been reluctant to pump more, preferring to steer cash flows back to investors instead of spending it on new drilling that could flood the world with cheap crude.” (drilling for more oil will not help the oil companies as it would cost more to do so and not give any new profits due to lower oil prices)

4) U.S. crude production will rise by 290,000 barrels per day (bpd) to a record 13.21 million bpd this year. (We are already at record high drilling in the U.S. Trump is not going to generate any more).

This does mean that this "drll, baby drill) is another con/scam statement by Trump!

It means that democrats tolerate the oil companies only as long as they need them to get elected

After that its bye bye fossil fuel