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re: Breaking Bad' actor says Americans should 'stfu' about gas prices if they 'love capitalism
Posted on 6/19/22 at 6:50 pm to Byrdybyrd05
Posted on 6/19/22 at 6:50 pm to Byrdybyrd05
What do you think the price oil(gasoline) would be today if Trump had been reelected? At the beginning of the pandemic oil prices collapsed and drilling stopped. Demand collapsed. As things opened back up the supply was not there due to the high decline rates of "shale" wells. At the same time, investors in shale wells saw that their ROI was not what they were expecting and investment money was slowing down.
Now the current administration has done everything they can to discourage oil and gas exploration. They have created a toxic attitude in the oil and gas industry. But even with Trump in office I think we are still looking at oil prices in the $80-100 range. I don't care how many leases are available to drill on if you can't find people to work on the drilling rigs.
It is the perfect storm.
Now the current administration has done everything they can to discourage oil and gas exploration. They have created a toxic attitude in the oil and gas industry. But even with Trump in office I think we are still looking at oil prices in the $80-100 range. I don't care how many leases are available to drill on if you can't find people to work on the drilling rigs.
It is the perfect storm.
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