They aren’t dense. They are disingenuous and being intentionally obtuse. They are same folks that believe all of the good economy of the 3 Trump years were because of tax cuts. Had nothing to do with the 6 prior years of steady growth and rebuilding. They can’t understand or accept trends.
https://news.yahoo.com/oil-gas-execu...204337317.html
A majority of oil and gas executives surveyed by the Federal Reserve Bank of Dallas this month pointed to pressure from investors as the top obstacle to growth. Less than 10% blamed government regulation.
“We are maintaining discipline in capital spending to maintain great internal rates of return,” said one executive at an unnamed exploration and production firm, referring to profits from earlier investments.
when asked at a congressional hearing this month about the impact of Biden’s leasing pause, Colette Hirstius, senior vice president of oil giant Shell, said, “I do not think that not having lease sales has raised the costs to consumers.”
Biden’s critics have ignored the fact that Wall Street investors are pressuring U.S. drillers to limit production amid record prices.
More than half — 59% — of the 139 executives surveyed by the Dallas Fed listed investor pressure as the primary reason producers are keeping production down.
The American Petroleum Institute, an industry trade group, noted that the Fed’s metrics showed the industry ramping up production. “At the same time, many factors continue to have a chilling effect on investment,” API’s Frank Macchiarola said, “including the industry’s recovery from the pandemic, workforce and supply chain constraints, and mixed signals and misguided policies that are limiting domestic production and discouraging financing for natural gas and oil projects.”
https://ktvz.com/money/cnn-business-...ergy-crisis-2/
https://www.spokesman.com/stories/20...s-why-theyre-/