Energy Investing - WH is begging ...link to plea for help - Energy Investing - InvestorVillage


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Msg  358629 of 362712  at  10/13/2021 1:05:36 PM  by

raggetyjack

The following message was updated on 10/13/2021 1:07:21 PM.

 In response to msg 358625 by  kxviswan
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Re: WH is begging ...link to plea for help

  
 https://www.reuters.com/business/energy/white-house-asks-us-oil-and-gas-companies-help-lower-fuel-costs-sources-2021-10-13/
 
You just wouldn't be able to make this stuff up if you were to write a novel. Cancel every Trump policy to encourage energy self sufficiency.
Cancel Keystone XL
Cancel offshore drilling leases
Cancel onshore drilling on federal lands
Cut off funding to E&P companies
Encourage funds and pensions to cut off E&P investments
Ban drilling in Arctic 
 
What did they think was actually going to happen when production began to fall and US shale as the swing producer would no longer be able or capable of adjusting to stabilize prices.
 
The amount of quick money having to flow into oil field services to stop the plunge in production ... let alone increase production is going to be significant. Now they must be also realizing that most oil field service companies have cannibalized their fleets and rebuilding will take time. 
High energy prices are here to stay Joe and you are solely responsible for this to a very large degree along with your green appointees into key energy roles of which they know nothing about. 
 
How many heads will roll??? I'm willing to wager none as they will continue to espouse that this is transitory!!!  
 


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Msg # Subject Author Recs Date Posted
358672 Re: WH is begging ...link to plea for help ghmndod 3 10/13/2021 3:57:03 PM


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