RE:WeirdApparently we cant walk and chew gum at the same time. Governments are deliberately restricting oil and gas, increasing costs by imposing excessive regulations, restricting investment via bank lending, complicating environmental considerations and increasing taxation such as carbon tax. They are delusional in thinking they have a noble casue and are saving the planet when in fact it is their policies which are only creating inflation and reducing the standard of living for most. The lunatic left is running the asylum and this is what we get. Although this time with the massive debt of governments and individuals the consequences are going to be a long term disaster.
marketsense wrote: Trying not to harp on the same point but it really speaks to preconceived notions rather
being open and listening before passing judgment.
A better way to approach the issue is to first accurately define the problem. Tight
supply is the problem. Lack of pipelines to move the product and lack of refinery
capacity are also problems adding to the supply issue.
The next thing is to consult with the industry players as well as investors how best
to go about encouraging companies to increase supply. Listen carefully to the
suggestions. Punitive taxation, lack of acknowledgement and negative messaging
rhetoric about the industry is not the answer.
Understanding that oil & gas is still a critical component of our world until such time
as it can be replaced by newer technologies is a first step in this process. Not asking
for a complete reversal away from renewables etc but just a sane and practical sense
approach towards the future. Can't we walk and chew gum at the same time?