re: #141 Gus 802

Why should they bother if the supply is already there. They will buy whatever the market is getting. Exxon/Mobil could care less about “drill here drill now.”

Because they make a higher profit when they pay less for the Crude Oil. Even under contract the price is generally partly pegged to the spot WTI.

Then of course if they own the production, and it doesn’t need to float across the ocean their profit is much higher.