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<blockquote data-quote="JimFromTN" data-source="post: 2534832" data-attributes="member: 113268"><p>If you go back through some of my older comments in this thread, you will see where I bring up the expense and all of the issues associated with getting to the point where they are producing oil as one reason that oil companies are not investing in new wells. Why should they if they are making their largest profits ever. It makes no business sense. Interestingly, while you go back and verify this, one of the last old ones I posted, there was someone on here that claimed to have close friends who worked the oil fields. He said said they were not being aloud to pump at full capacity. He was insinuating that the government was somehow controlling the valves on the oil wells, When I asked if it was the government or the oil companies that were controlling this, he didn't know. It was the oil companies. They are controlling the flow of oil to control the price of oil in order to increase profits. Its what they do.</p></blockquote><p></p>
[QUOTE="JimFromTN, post: 2534832, member: 113268"] If you go back through some of my older comments in this thread, you will see where I bring up the expense and all of the issues associated with getting to the point where they are producing oil as one reason that oil companies are not investing in new wells. Why should they if they are making their largest profits ever. It makes no business sense. Interestingly, while you go back and verify this, one of the last old ones I posted, there was someone on here that claimed to have close friends who worked the oil fields. He said said they were not being aloud to pump at full capacity. He was insinuating that the government was somehow controlling the valves on the oil wells, When I asked if it was the government or the oil companies that were controlling this, he didn't know. It was the oil companies. They are controlling the flow of oil to control the price of oil in order to increase profits. Its what they do. [/QUOTE]
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