America's cheap energy is due to shale oil, which is expensive to extract. If oil prices drops below a threshold, the shale industry collapses. Not a great win as it stands right now.
Cratering oil price is not good for TX or the shale oil industry, not sure why everyone is celebrating apart from low gas prices. Yeah, that's cool, but our economic recovery is dependent on shale oil and fracking. That goes away when the cost to extract is lower than the cost to sell. That's what's happened. POTUS may have some long terms plans here, as it stands now this hurst the US economy.
Why did you selectively edit what I wrote to score some stupid win with a boomer meme?
Maybe that's why I wrote that when also stating that overshadowing short term benefits is that our entire economic recovery is predicated on oil being at at least 40 / b. Cheap gas is great but not when the entire energy sector collapses and cascades. Don't be simple.
Ok boomer.
Not to mention the already over-leveraged financing behind the shale boom. Calls will be made. Tanking market is the cherry on top. Sure, could be a controlled demolition (wishful, conspiratorial thinking with no proof), but what a gambit during an election year.
Has no bearing on shale production. Math is math.
Not at all, see my original post, and it would be SA doing the demo in this case.
Take the L
Sure, they were the ones to walk out of talks. SA is squeezing. Risky business.
Still arguing, huh?