re: Oil prices and esg scores

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So all of the rich people are liberal?

Only liberals have money to invest?

The vast majority of the money is being invested by liberals?

Why don't conservatives start investing more money.

Geez, why would anyone be conservative if you don't have money to invest?

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What a stupid fricking take.

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Brilliant analysis. I especially like the part where you analyze ESG, investing patterns, and the inability of conservative investors to make a difference.

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Brilliant analysis. I especially like the part where you analyze ESG, investing patterns, and the inability of conservative investors to make a difference.

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It was kind of weird how you just came in this thread randomly spouting off shite about conservatives


Just saying

I'm certainly no expert on global markets, but I'd say that federal regulatory pressure and the uncertainty surrounding that pressure is the main culprit.

I know sourcing pipe has been an issue. We are also currently struggling to get cement just to build pads.

I'm sure there are things on the upstream side that I know nothing about that is also pushing the higher prices.

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And will the continued reliance upon esg eventually lead to no investment allowed in oil and gas?

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I honestly don't even know what you are asking here? ESG is just a form of corporate virtue signaling meant to attract investors.

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I honestly don't even know what you are asking here? ESG is just a form of corporate virtue signaling meant to attract investors.

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Isn’t it meant to push for investment into areas that are deemed environmentally friendly, and to not invest any into those that are not deemed bad for the environment (oil and gas industry).

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Do you see esg scores being a bigger impediment in the future for oil and gas? Or is it a non issue?

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I don't see it being a big deal. Funds and investors who would prioritize something like an ESG score were already dumping money into renewables and other areas. As an ED form JPM once told me, wind and solar haven't taken a penny away from O&G investment because that money wasn't going there anyway. I see it the same way. The question will be, does public sentiment start to move the needle and do people start to direct money into ESG targeted funds. I think for every person who would do that there's someone who would swing back the other way, so it'll end up being a nothing burger and as someone previously stated, corporate virtue signaling.

Wow, well I can’t thank you enough for that great explanation! I see it much differently now

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Despite the overheated rhetoric, there simply is no chance US gas production will be "eliminated". Even in the most bullish "alternative energy" scenarios - decades into the future - oil and gas will be produced in greater volumes than they are now (despite being as smaller part of the overall much larger pie.)

It took 100 years to transition from wood to coal. It'll take at least 100 to transition from coal - meanwhile, absolute coal production is still pretty high.

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It may not be eliminated in the near term, but there will absolutely be a push to the point where the pressure put on these companies will be so high that it's far easier and economic to import than produce. I wouldn't doubt if we see refining leave as well at some point due to regulations and taxes.

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I simply cannot imagine a single democrat politician (and certainly not Biden) who is willing to have $100 gas and $1000 oil (which probably STILL wouldn't even achieve these farcical goals they supposedly have) for years at a time. It simply isn't going to happen.

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Those numbers will likely never happen, however fuel prices like we see in Europe will be a very real possibility. Of course, we'll also have to import all the resources for "green alternatives" because we don't have the ability or the want to produce that stuff domestically either. Essentially what we're seeing now is the beginning of the US outsourcing the most vital strategic resources necessary to sustain our economy and standard of living because it makes us feel good about ourselves, but all we're really doing is punishing the people we claim to be "protecting"

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It may not be eliminated in the near term, but there will absolutely be a push to the point where the pressure put on these companies will be so high that it's far easier and economic to import than produce. I wouldn't doubt if we see refining leave as well at some point due to regulations and taxes.

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I strongly disagree. The imports just won't be there. The US has the most and best gas, and that's a huge strategic advantage.

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hose numbers will likely never happen

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If we actually cut off (or significantly reduced production) simply to say we were meeting some impossible target date to go "all green", then they definitely would.

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Essentially what we're seeing now is the beginning of the US outsourcing the most vital strategic resources necessary to sustain our economy and standard of living because it makes us feel good about ourselves, but all we're really doing is punishing the people we claim to be "protecting"

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Nah. Domestic energy production and infrastructure are growing on a monthly basis - and will continue to grow indefinitely. No matter what any of them say, the oil and gas are going to be flowing here bigly.