[ProtectOurFreedom]

Companies stopped investing in NG exploration and drilling. Maybe because this administration has told banks (and their woke boards) and hedge funds to stop investing in fossil fuels? The left red line is the election. The right red line is the inauguration. Rig count was running about 190 from June 2017 (Trump had been in office about 18 months). It collapsed under Biden to a low of 68 in July 2021. It's rebounded to 109 lately, but notice the very low slope of growth compared to what Trump unleashed.

Operating rigs, investment, pipelines -- Biden has excoriated all of these in order to placate his insane "no civilization" leftist owners.

[crusty old prospector]

It is true that the banks have stopped making loans to energy companies. They have shuffled on to the Ponzi schemes of wind and solar. But the real problem with natural gas is that everyone knows that there is a ton of gas left in plays like the Marcellus. As soon as gas creeps up above $4, rigs will appear and drive it back down.

[setter]

Large fossil fuel companies set the energy agenda in this country not the politicians

As for rig count most of our area has had rigs put in already over the last 15 years in my area and the transmission lines etc are all set n and the needed pumping stations etc so of course rig production has Ben dropping.

Read what the oil and gas companies are saying for 2022. They are looking at having a record year.

[PIF]

Brandon is also trying to quash the EastMed pipeline from Israel; to Europe at the behest of the Turks.