Canceled orders were mounting when Texland Petroleum LP recently decided to shut in each of its 1,211 oil wells to cease production by May.
“We’ve never done this before,” said Jim Wilkes, president of the 7,000-barrel-a-day Fort Worth, Texas, firm, which has weathered oil busts since 1973. “We’ve always been able to sell the oil, even at a crappy price.”
Once again the big hand of Trump centrally planned government intervenes on behalf of big business. The Adam Smith invisible hand meets the Trump giant thumb on the scale of the market to benefit the of global oil cartels.
Re-open our country. Pandemics come and go. IN LIFE, WE RISK. We risk with cancer, suicide, auto-immune diseases, terrorism, war, accidents, murder, the comm flu, etc. Heck, we even RISK in the stock market. In life we risk. Americans are NOT DESIGNED to be locked up! NoFear
Remember 'Drill baby drill'? Those Republicans just made a deal with Russia and Saudi Arabia to make sure that our price at the pump is high enough to not bankrupt OPEC cartel countries. So, when you fill up next, remember that you are paying more to save cartels from ruin.
Time to get into alternative energy sources. Solar and wind for example.
Germany Covid_19 death toll rises to 2799 total number of infections in the country to 123,016...COVID2019