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Message: <blockquote data-quote="Marbleyes" data-source="post: 202456" data-attributes="member: 675">I agree with your comment. I know what the EPA deregulated (no need for covering reserve pits etc.) and trump stopped some regulations from being enacted but world wide supply and demand are by far the biggest factors in the actual PRICE of oil, which is what this topic was about. I agree, Midstreams were subject to red tape galore but not all regulations are a bad thing. You hit on my exact point with this comment “maybe not in the price per barrel, but the cost to produce it.” I’m not sure how much the 21% corporate rate effects the direct taxes the oil companies pay since a lot of the big dogs payed less than 21% in federal tax before this current tax bill. On the other hand, the 21% corporate rates definately do have an effect on oil companies bottom line since the better the economy does, the more oil gets used. None of that changes my point though. The prices are rising right now because of opecs caps on production (as fake as they may be) and world wide economies being in good shape (using more oil and decreasing the insane oil glut in reserves).This is from the EIA. There is a graph list which breaks it down: <a href="https://www.eia.gov/finance/markets/" target="_blank">https://www.eia.gov/finance/markets/</a>Here is an article talking about taxes oil companies payed and it’s not even close to the 35% corporate rate:<a href="https://www.usnews.com/opinion/economic-intelligence/2014/08/06/the-surprising-truth-about-oil-and-gas-company-corporate-tax-rates?context=amp" target="_blank">https://www.usnews.com/opinion/economic-intelligence/2014/08/06/the-surprising-truth-about-oil-and-gas-company-corporate-tax-rates?context=amp</a>- - - Updated - - -I don’t think those new regulations ever came into effect. I believe trump signed an executive order to “trump” obamas executive order.</blockquote>

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