RE: Rig count is one factor
Posted on: October 6, 2022 at 11:30:15 CT
KC rules MU
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That is hogwash. I work in the petroleum industry and have for 35 years. My company hasn't slowed down at all due to Biden's administration nor has the service industry dropped research into various methods of extracting oil and gas. If the expected price of oil warrants the research and exploration, then it will be there. We have been through various political scenarios with pro and anti oil politicians through the years and there's nothing new with Biden. His bark has been far worse than his bite.