I don’t REALLY know what this means except, we lose again.
I saw and took an opportunity to buy a refinery stock. It’s not like coal which we know will continue to be depressed under this administration and the next if the Dems stay in power.
There may be a short term loss, but cars will still need gasoline, trucks and trains diesel, jets kerosene, chemical plants feedstock, and roads asphalt. And an economic recovery (someday) will bolster demand for refined hydrocarbons.
I don’t follow refiners that closely but it may be an entry point due to a market overreaction. These refiners do pay small dividend yields.
Let’s just say the article lacks detail. I’m in the production business and my oil and gas are sold separately and what I call condensate or liquids coming from wet gas. This was called Drip Gas and back during it’s heyday people would steal it from your scrubber tanks and run it in their vehicles. It had a smell to it that was obvious and you could go to jail just for having it in your vehicle. What I suspect is going on is this allows the producers to strip fluids before it goes to the gas refinery’s reducing their profits but raising the producers.
Amazing folks think the government should get to dictate who you are allowed to sell your product.
Do you think plastics, cars, food, etc would become cheaper if we forbid exports? Or do you think less suppliers would provide the product?
Thinking the Demand curve of economic reins without restraint while the Supply curve can be ignored is foolish.