Quote:
Originally Posted by MSgt O
And covid had zero to do with falling prices, less demand, and parked rigs that are still parked. Why are they still parked? Profits. Period and of story. Profits is what drives the US economy. Every other excuse or explination is a cause of lack or PROFITS for these companies.
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Actually banks will not loan for drilling period and without loans no drilling. Research ESG.
Environmental, Social, Governance.
Its all about the green deal and its global thanks to the WEF. No oil, no coal, not even nuclear. Fertilizer? Bad! Petroleum based so starving will be good for the unwashed masses.
Gonna be an expensive winter if you like not freezing.
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