Wonder how many more Whiting Petroleum's we are going to see in the US.. | TGA Message Board Posts

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Msg  5728 of 5747  at  2/13/2020 6:43:59 PM  by

rocback


 In response to msg 5726 by  Flying_trader
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Re: Wonder how many more Whiting Petroleum's we are going to see in the US..

 Yeah, Cramer tries to hedges his comments so he can always say he was right but is usually wrong so maybe that's good.   But OPEC just lowered their demand projection by 200,000 bpd while the US is hitting record production.  We are the new tobacco but without as good a dividend as VGR and MO.
 
With Trump decimating our environmental regulations, we will be producing record production (and pollution) in the US as our environment degrades.
 
He just reversed the safety protections it took so long to put in place after the Deep Water Horizon disaster.   In addition his Interior Dept sucked up to BP and suspended a study that was designed to get rigs to operate more safely.  And just this week the National Academy of Sciences announced much worse pollution from the spill than anticipated with ten times the loss of marine life than earlier predicted.
  


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