Posted on 10/21/2019 3:30:08 PM PDT by karpov
Of all the market-moving tweets these days, one in particular from Democratic presidential hopeful Sen. Elizabeth Warren is sending shivers through the oil industry.
On my first day as president, I will sign an executive order that puts a total moratorium on all new fossil fuel leases for drilling offshore and on public lands, she tweeted on Sept. 6. And I will ban frackingeverywhere.
Outlawing a technique that energy producers use to blast oil and gas from shale formations would require legislation and spur a torrent of opposition from companies, investors and probably even state governments.
Substantial as those hurdles may be, they havent stopped analysts from running the numbers for investors and energy executives to see what might happen, if hydraulic fracturing were banned.
They are particularly focused on Ms. Warrens threat to choke off drilling on federal lands.
If Sen. Warren were to win was getting a lot of airtime in our meetings, said Jake Roberts, an exploration-and-production analyst at Houstons Tudor, Pickering, Holt & Co. We were surprised to see people taking it so seriously.
In response, the energy-focused investment bank has sent clients more than 80 pages of research detailing exploration companies exposure to federal lands and pondering energy markets minus U.S. shale output, which has glutted global markets and depressed prices.
Tudor Pickering estimates that if fracking were banned, natural-gas prices in the U.S. would jump to somewhere between $9 and $15, up from $2.238 per million British thermal units on Monday. The firm figures that oil, which ended Monday at $53.31 a barrel on the New York Mercantile Exchange, would rise to the $80-to-$85 range and could risk shooting to $150 a barrel during market shocks.
Entire oil-field service companies would become obsolete. Pipeline owners would suffer without replenishment, as existing wells peter out.
(Excerpt) Read more at wsj.com ...
If that happened, then she would blame the energy companies for gouging the consumer.
She would never see any connection between such prices and her own policies. And the media will never do any honest investigative reporting on it.
Relax. Liz will never be president. Do you really think US drivers will vote to do away with fuel for their cars, boats, motorcycles and planes? Never.
Electing any of them virtually guarantees a recession from which the country will likely not recover until the Dems are thrown back out of power. Energy shortages is just the beginning, joining high taxes, suffocating regulation of business, destroying the health care industry just for starters.
What I never have liked about American corporate leaders is the way they have donated to both Dems and GOP-—and-—now they have gotten really cozy with Dems (Nike,et al.) with their virtue signaling. Cutting off NRA from credit. Trying to shadowban or outright delete the conservatives’ searches that lead to making any money. Bad stuff.
Communist and Socialists in power in the House,Senate and White House would destroy the free market system and the American economy. Not just one party or the other.....we have to win or it’s over. Business has to get that.
Solar panels work well in Massachusetts in the winter time, right?
Boy did I misread that. Whew!! Honey, I'm home!
No prob, we would just need to conserve more.
The best way to do that would be to line up all environmentalists in front of a mass grave.
That's not the question you should be asking because that's inevitably going to be the end result. So the "solution" is to blame the greedy energy companies and dole out subsidies to the "poor," and if you oppose those subsidies you're all the names that Democrats will call you anyway.
The objective isn't to save the environment, it's to impoverish as many folks as possible so they can be permanently dependent on Mother government. You don't think the White House, should Warren win, and her buddies out in Hollywood are going to "conserve" their energy and pull a Jimmy Carter and put on a sweater, right?
“Prospect of President Warren Spooks Energy Investors”
hell, she pretty much has spooked ALL of wall street ... previous WSJ articles have indicated wall street is likely to shift to Trump (including donations) and/or remain neutral, but will NOT support Warren ... just one more nail in the coffin of 2020 Dem prospects ...
This woman is a total idiot, and dangerous.
gawd, what a dangerous woman!
her, Bernie, Pelousy, Feinstein, Romney, HilLIARy, Schift, AOC, the Muslim enemy agent in Minnesota, and more.. all tearing down our country or at least trying to do it to us
They will turn to alternative enegery sources:
.
If heaven forbid Warren becomes POTUS, I predict in the weeks between the election and Inauguration Day the stock market will have biggest sell off in history as wealthy investors liquidate their assets and prepare to quickly leave the country. The price of gold and silver will soar as will the purchase of guns. I would also expect many family businesses and farms to be sold at fire sale prices so that wealth can be transferred out of the country.
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