“I also had the thought that the end of fracking will lead to higher petroleum prices, which would be good for any part of the oil industry not involved in fracking.”
It could, but it’s just part of the long cycle. Obama tried to hurt exploration/production, but he couldn’t control it on private land. So more private landowners got and are still getting paid.
royalties. The rules haven’t changed, and I think Biden is BS-ing anyway, he’ll just try to tax it.
“I think Biden is BS-ing anyway, he’ll just try to tax it.”
I should say he would try to tax it, hopefully he won’t get the chance.