$100/bbl is not cheap.
You are obviously not qualified to comment on economics.
The Kennedys own TWO oil companies. Mokeen and Kenoil. They are in a trust called the Arctic Royalty Limited Partnership. Don’t let the name fool you. They are in five southern states. The old man got poor land owners to sign over the mineral rights.
He is qualified to Frank’s “seat.”
Historically speaking, oil is fairly inexpensive. The problem is the eroding value of the dollar.
THAT was MY thought....”CHEAP” only a silver spooned Kennedy could think oil is “cheap.”