ExxonMobil CEO Predicts Years Of Tight Oil Supply

Oil executives are predicting years of crude oil issues as economists are upping the probability of a U.S. recession within the next year. NBC News’ Maura Barrett has the latest on how the White House is trying to tackle these tough trends.

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[julianfleming]

They gotta fill their pockets before alternatives take over.

[pennyroyal]

...and I predict more electric cars is the future.

[Shane-zlry]

More money for less product… why wouldn’t they.

[brittbent]

All I heard was ‘we’re gonna keep ridin’ dirty’.

[willyjoerockhead]

It's time to take the train and bus to work. Move to the city and take mass transportation

[HOHLfmly]

Why does the price of gas go up and down all the time? Especially around the holiday's? Come on, this is the largest company in the world!
They can do whatever they want to us!
Unless we get vocal!

[HOHLfmly]

1:56 The reporter, says that stopping spending money is a concern, and could cause us to go into a recession.
that they raise the interest rate because we’re spending too much still?
This whole economy thing was created by Exxon Mobil.

[HOHLfmly]

How can you look past political rhetoric when you pay 19 republican senators, sir?

[tammyforbes]

Fine we will just stop buying it see how they like that.

[whiteindianone]

so, to all the wind power people that are here to say that wind is better. wrong. it takes 3 TONS of copper wire for the generator. the steel is 76 tons. a Gamesi g8772 total weight is 334 tons. just how much power does it take to produce just !?

[xanderwildeisen]

My business was targeted to be pushed into fraud for oil and gas.

[rexroots]

We need to do something against big oil

[hamesh]

Just watching a video on how to turn plastic to gas.. endless supply

[jamesbowen]

This only support s more distributed solar and wind power! Oil is plentiful but it takes work And costs money to get it to pump...oil companies in US won't do that unless prices are over $5- gallon!

[durriellhumphrey]

No worries. They’ll be out of business in about 20 years. The amount of electric cars I see in my state is mind blowing. Good Luck oil companies. ✌🏾

[fatlu]

time to move to the Islands! 18.4 cents a gallon helps high volume users, not so much...me

[RoseUnseen]

ENGLISH TRANSLATOR FOR THE RUSSIAN SUPPLIER WHO TURN ON AND OFF TAP, why is Exxon a middle man, the pay pal between people and the supply ?

[masterman]

This makes the case for reducing or depedance on fossil fuels.

[L._Diaz]

Then why do they refuse to increase production?
The GOP is in a symbiotic relationship with big oil and always have been.

[singlefather]

This inflation is caused by the shortage of supply. Or the economists would like to call it scarcity. The QE increased the demand. But by and large, this inflation can be remedied by increasing oil and food production. Tightening the money supply would decrease the spending to increase the production.

Some people may think we should use this opportunity to switch to renewable energy. It is a wrong time to do so, because Of the war in Ukraine. This will only help Russia. The scarcity is driving up their profit and the money.

This scarcity is also driving up the shortage of food. After the July 4 when people gorge on and waste the food, we will see the impact. If we have anyone starve to death in US, it is purely because of the mismanagement and the Biden administration being such a disaster.