Can the party in the White House be so stupid ,,,
Post# of 123744
https://www.reuters.com/business/energy/white...021-10-13/
You just wouldn't be able to make this stuff up if you were to write a novel. Cancel every Trump policy to encourage energy self sufficiency.
Cancel Keystone XL
Cancel offshore drilling leases
Cancel onshore drilling on federal lands
Cut off funding to E&P companies
Encourage funds and pensions to cut off E&P investments
Ban drilling in Arctic
What did they think was actually going to happen when production began to fall and US shale as the swing producer would no longer be able or capable of adjusting to stabilize prices.
The amount of quick money having to flow into oil field services to stop the plunge in production ... let alone increase production is going to be significant. Now they must be also realizing that most oil field service companies have cannibalized their fleets and rebuilding will take time.
High energy prices are here to stay Joe and you are solely responsible for this to a very large degree along with your green appointees into key energy roles of which they know nothing about.
How many heads will roll??? I'm willing to wager none as they will continue to espouse that this is transitory!!!