03-03-2022, 09:44 PM
(03-03-2022, 07:12 PM)Stewy Wrote: Bidens only been in office a year. He has been no friend to the industry, but what he's doing will affect prices far further into the future. He's not hampering production, but delaying finding new opportunities.
I have a couple of friends who work closely with energy. One in pipeline, the other wastewater management. They both said the same thing...when The President is perceived as anti fracking/drilling/fossil fuels in general, companies will adjust their plans as such by decreasing future investment accordingly. This is how a President can impact prices. Makes sense to me.