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re: Offshore oil is booming and the shipping market is at an all-time high
Posted on 1/15/24 at 3:49 pm to ragincajun03
Posted on 1/15/24 at 3:49 pm to ragincajun03
quote:
say Barack Obama and Joe Biden have seen booms, as did Donald Trump (then-record production levels in 2019 and very early 2020) both due to each taken over at a time when industry was coming out of a recession for its sector and ramping back up. Their was a downturn for the U.S. O&G industry at home in 2015 due to the Saudis and others flooding the market to try to kill the U.S. shale boom.
O&G was in the toilet all four years trump was in office. Either the Saudis outsmarted him or he was in their pocket. Sure gas was cheap, but it was all foreign oil.
1
Posted on 1/15/24 at 4:16 pm to Motownsix
quote:
O&G was in the toilet all four years trump was in office.
This is not true at all. Leading up to Covid shutdowns, things were humping along pretty good.
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