“Drill Baby Drill” ?Trump seems to be doing everything he can to stimulate drilling/oil.
Today even that requires that efforts are cost effective,
'That's the question for companies like PYR-can they show cost effectiveness and profit?
They haven't yet, so with the changed environment (no pun intended) its a tough slog.
Yet today from the NYT:
“President Trump is swinging American energy policy sharply in favor of fossil fuels, but oil and gas companies say those changes won’t push them to engage in the frenzy of new drilling that Mr. Trump wants.
The oil industry is thrilled by Mr. Trump’s executive orders, which are designed to make life harder for renewable energy companies and easier for oil, gas and pipeline businesses. “
“The executive orders Mr. Trump signed last week lay out a road map for making it easier and cheaper to produce oil and gas — and harder and more expensive to build equipment that would help people reduce their use of fossil fuels.
He ordered federal agencies to stop issuing leases and permits for all new wind projects pending a new environmental review. The Interior Department then placed a 60-day freezeon authorizing new solar arrays and other renewable energy projects on public lands.”
https://scienceandtechnology.news/oil-companies-embrace-trump-but-not-drill-baby-drill/
all for interest. Dyodd, caveat emptor, not investment advice