Re: So what are you guys going to do about NEWT?
Bidens policy had nothing to do with it. As I have stated before, read any US major producers report, and they confirm that repayment of debt is a priority, that production. Biden has little to no influence in the oil industry. Even the Saudis insulted him , by increasing their production by a poultry 1000000 barrels a day, after his trip to beg for more production.I must admit I find the narrative about Biden and oil disturbing as to its logic. The only real influence he had was to ban Russian oil sales, which are now going to India and China, leaving more of the rest of oil production for the west of the world. As the swing producer, the US oil producers are going to do the job, or make super profits. As a capitalistic country, the answer is obvious. My last word about this, as I have the feeling I am wasting my time.