“.. From the producer standpoint, they’re now seeing substantially lower crude oil and natural gas prices, which is impacting their revenues. And on the other hand, their cost of drilling materials are going up.”
@nbcnews.com ⛽️
https://www.nbcnews.com/politics/trump-administration/trumps-tariff-moves-are-undercutting-drill-baby-drill-oil-push-rcna200402
@nbcnews.com ⛽️
https://www.nbcnews.com/politics/trump-administration/trumps-tariff-moves-are-undercutting-drill-baby-drill-oil-push-rcna200402
Comments
Funny, there was a lot of whining about Joe Biden, but once the US became a net exporter, he used the SPR to put a "collar" on crude prices and provide pricing stability the industry needs
https://www.youtube.com/watch?v=Wiy7SrnbQn8
https://bsky.app/profile/carlquintanilla.bsky.social/post/3lmmq4czc3c25
Why? Capitalism: https://www.upstreamonline.com/finance/mature-fields-to-dominate-oil-and-gas-production-by-2030-baker-hughes-says/2-1-1728955
Coal use rapidly declining, as Gas is more profitable (and less damaging to environment.)
Shocking.
I'd prefer a sane administration that actively supports solar, wind, geothermal, hydrogen, micro nuclear, pumped hydro storage, etc.