Suncor Energy Inc T.SU

The Candidate for $200 Oil: Robert F. Kennedy Jr.

[MigraineCall]

Bring it on!

Robert F. Kennedy Jr

@RobertKennedyJr

 

7. I will ban fracking, which provides the feedstock for most of the plastics produced in the U.S.

Anas Alhajji

@anasalhajji

A fracking ban in the US will result in:

- About $200/b oil, $9/g gasoline and $9-$14 natural gas

- vanishing US oil exports

- more than doubling of US oil imports

- Heavy dependence on foreign countries including Russia and OPEC - complete destruction of the US LNG industry

- Europe has to yield to Putin’s demand to get the Russian gas - deterioration of the US trade balance of payments and weaker dollar

- loss of all political and foreign policy gains from the US being the largest oil and gas producer in the world.

Nothing will make Russia, Iran and China happier than a fracking ban!

[marketsense]

RFK is a bona fide nutcase but he does represent a fairly large constituency of the US electorate who have little to "0" understanding of the oil & gas industry.  We in Canada have our own "woke" type electorate who would like nothing better than to shut our  whole fossil fuel industry down for the sake of the planet.  The amount of ignorance and