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Posted on 1/21/21 at 10:13 pm to GardenDistrictTiger
quote:
Now tell me about the moratorium on drilling on public lands and how inconsequential that is to the oil and gas industry? Seeing a pattern here?
Biden is so bad for shale producers that Pioneer Natural Resources is up nearly 15% since the start of the year. Whole industry is being EO'd out of existence yet the S&P Energy sector has been the best performing sector in 2021 by nearly 3 fold.
Posted on 1/21/21 at 11:57 pm to GardenDistrictTiger
quote:
Now tell me about the moratorium on drilling on public lands and how inconsequential that is to the oil and gas industry? Seeing a pattern here?
As has been posted elsewhere on this board, the major oil and gas producers already have permits for wells yet to be drilled far into the future. The ban on “new “ permits will have little effect, Biden and crew know this, as usual this is just to appease their leftest voter base who are too stupid to realize it is just more smoke an mirrors.
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