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re: How do you balance free market capitalism with what Saudi Arabia and China are doing?
Posted on 4/1/20 at 9:46 pm to SquatchDawg
Posted on 4/1/20 at 9:46 pm to SquatchDawg
quote:
SA is flooding the market with cheap oil which will bankrupt our shale producers...the vehicle which made us energy independent. Without them we’re once again beholden to foreign producers.
Has the resource disappeared? Just because a bunch poorly run shitcos, that were going to Bk anyway just sooner now, go away doesn’t mean the resource can’t be exploited when it’s economic. And it was only economic because OPEC and Russia were cutting their production while shale shitcos continued to drill themselves into subeconomic prices while piling on debt.
1
Posted on 4/1/20 at 10:00 pm to cwill
quote:
Has the resource disappeared? Just because a bunch poorly run shitcos, that were going to Bk anyway just sooner now, go away doesn’t mean the resource can’t be exploited when it’s economic. And it was only economic because OPEC and Russia were cutting their production while shale shitcos continued to drill themselves into subeconomic prices while piling on debt.
You mean the drill baby drill mindset might have some negative consequences?
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