AOC slams 'fossil fuel billionaires' after one CFO likens Texas winter storm to 'hitting the jackpot'

[ElprofesorJuan]

Obviously, this week is like hitting the jackpot," President and Chief Financial Officer Roland Burns said Wednesday during a call with investors. “Frankly, we were able to sell at super premium prices for a material amount of production.”

AOC slams 'fossil fuel billionaires' after one CFO likens Texas winter storm to 'hitting the jackpot'

Rep. Alexandria Ocasio-Cortez on Friday skewered fossil-fuel billionaires who she said had profited off the surge in prices for fuel as a brutal winter storm across Texas left millions without power.

www.foxbusiness.com

 

[ElprofesorJuan]

Heck yeah...I love how this Biden regime is taking off. He is sending energy prices soaring and I'm cashing in on that obvious play. The offshore drillers will see major profits if oil keeps going higher. Day rates on rigs should climb.

Actually the increase was in Natural Gas prices...They raised it...Texas does not regulate price gouging..In Florida this would have been illegal..Essentially they raised Natural Gas prices to the extreme during the catastrophe.

 

[Crazyhole]

I'm kind of referring to energy prices in general. Probably see $3.50 gas this summer. Natural gas way up too.

Until demand for crude goes back up, expect natural gas to keep climbing. We could get back to early 2000s price levels.