The oil industry has been run by political hacks in DC for decades. Now their “war on oil” chickens are coming home to roost.
Even a pro-oil administration won’t get oil execs to change their minds because they know that their decisions will be reversed by the next Dem administration stranding tens of billions of investment. Getting whipsawed between “Hate America / America last” Dem administrations and MAGA Republican administrations make the old USA the last place you’d want to invest. You can’t run a country like that.
There is NO replacement for oil in the next 100 years that is ready to go. The RevComDems have really gotten their wish their wish this time. Our kids and grandkids are going to suffer.
That’s exactly right, like the Chevron CEO said the USA will never build another refinery because of the cost and length of time to build one, the company will never see a positive ROI.