RE:RE:RE:Sinking because in the room there were only 10 congressmen ohcanada17 wrote: Wingafy wrote: Thanks Everglades. Also, a very nice write up regarding Colombia Fracking including Sintana Energy mention.. Maniti Blanco...
https://oilprice.com/Energy/Energy-General/Could-Fracking-Save-Colombias-Oil-Industry.html
GLTA
Last paragraph are things that keep me up at night
The considerable uncertainty surrounding the future of fracking and Colombia’s oil industry is being magnified by former leftist presidential candidate and senator Gustavo Petro taking a massive lead in the polls. Those numbers indicate that at this time he will win the 2022 presidential elections. Petro’s 2018 candidacy and subsequent lead in the polls prior to the May 2018 electoral round unnerved financial markets, the oil industries, and mining industries, notably because he campaigned (Spanish) on a platform of reducing Colombia’s dependence on oil as well as opposing fracking. It was Ivan Duque’s eventual victory that saw much of that nervousness dissipate. The sharp increase in political turmoil, Bogota’s inability to reactivate the economy, and heightened insecurity are all weighing on the outlook for fracking in Colombia.
True, but a lot can change between now and then. If unconventional oil is flowing and people are employed, coupled with a secure energy future,it will be hard to move away from all that.