RE:RE:RE:RE:The American Shale Patch Is All About Depletion NowMy biggest problem in can O&G sector is the fact that clows in Ottawa didn't build more pipelines east and west and had divrsified customer base. The last 10 years wasted.
sebastian2 wrote: Exactly, the statements from DJT saying that he will impose drill baby drill even if that means the oil companies drill themselves out of business are more rhethoric than anything else. There are very few tolls that can be used to force this. There is no state oil company that can be used for subsidised oil output even with drilling on federal lands this would take years to make a dent if you start from zero. You could impose export tariffs (probably the favorite tool ) but that will mean less global supply and good for domestic bad for worl price and good for Canadian producers. Shell management already responded to this by saying it will not happen.