President Biden has urged oil and natural-gas companies to ramp up production, and you’d think, given the current high prices, that it would be in their interest to do so. But the industry has been slow to respond, with some justification. Companies expect that as soon as the current turmoil subsides, the Biden administration will shift back to hostile rhetoric, anti-energy legislative proposals, and oppositional regulatory policies.
Oil and gas prices on the New York Mercantile Exchange are at five-year highs. But many publicly traded producers are pursuing a strategy that looks like “orderly liquidation”—only maintaining or modestly increasing production volumes. Meanwhile, they are returning significant cash to shareholders in dividends and share repurchases.
opinion Haven't you seen the ads by BigOil that try to make you believe they are working on clean energy? ClimateCrisis
opinion Some insight.
opinion Where was all the “outrage” when oil was -30 two years ago? 🦗.
opinion Ukraine: weapons from German Olaf Gazprom Scholz will never reach Ukraine - there are secret corruption links between Scholz, Schroeder and Putin. We remember, that no one piece of serious war technics supplied from Germany. bloodytrade
opinion This assumes the war on fossil fuels is paused due to the current crisis - not what I'm seeing from the WhiteHouse
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opinion I will open a short position on oil when the time comes.
opinion Bc Biden has made it too costly