In AdditionOil & gas companies shares may be hit due to recession fears but their profits will
continue to soar thus pointing out the inherent strength of the sector. I have no doubt
that when next few quarters earnings come out, the cry for punitive taxation levels on
profits will be deafening. What won't be said or admitted however, is the failure of
central banks in solving anything. And yes, the only rational way forward is to
encourage rather than disincentivize oil companies to drill and explore in as
envorinmentally safe way as possible.