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re: Political Pet Peeve in the work place.
Posted on 10/16/20 at 12:25 pm to TigerCrude
Posted on 10/16/20 at 12:25 pm to TigerCrude
The oil industry was at its recent peak when Obama was the president.
Oil industry, although gets short-term benefits from political volatility, in the long term depends on stability in global politics. Since Trump has taken office, he's waged trade wars, tried to imposed travel bans and maligned our trade/diplomatic allies.
Large E&P companies have a diverse group of people from all over the world and Trump's rhetoric against immigrants is off-putting for many in the industry.
Biden campaign has promised to not ban fracking, and even if they backtrack, they'd only ban it on federal lands which is a small fraction of current unconventional/frac plays. They can impose new regulations and make it harder though. That is the only reason O&G folks need to worry about a Biden presidency imo.
People in the oil industry have figured out that the industry will continue to shrink. So, they're acquiring skills that can be transferable to other industries. I'm saying this because I'm in the same position.
Oil industry, although gets short-term benefits from political volatility, in the long term depends on stability in global politics. Since Trump has taken office, he's waged trade wars, tried to imposed travel bans and maligned our trade/diplomatic allies.
Large E&P companies have a diverse group of people from all over the world and Trump's rhetoric against immigrants is off-putting for many in the industry.
Biden campaign has promised to not ban fracking, and even if they backtrack, they'd only ban it on federal lands which is a small fraction of current unconventional/frac plays. They can impose new regulations and make it harder though. That is the only reason O&G folks need to worry about a Biden presidency imo.
People in the oil industry have figured out that the industry will continue to shrink. So, they're acquiring skills that can be transferable to other industries. I'm saying this because I'm in the same position.
This post was edited on 10/16/20 at 12:25 pm
Posted on 10/16/20 at 12:31 pm to tijervait
Holy mother of god you are stupid. Large E&P companies plan and fund projects 5+ years in advance.
Your entire post is completely false. Oil industry has been shrinking for quite a long time through mergers and acquisitions. Total employed has been falling for years.
Your entire post is completely false. Oil industry has been shrinking for quite a long time through mergers and acquisitions. Total employed has been falling for years.
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