Anyone on this board who hasn’t moved their investment and retirement accounts in the energy sector and Inflation Response funds at this point ...is a marooon.
Gonna ride this thru March at the least
We had nice low gas prices during President Trumps admin. but the price of oil was so low that our higher cost production areas like N. Dakota stopped pumping/drilling. So we needed oil (no longer independent) and started importing again, including some from Russia. Now oil is going up (I read that $80 is the tipping point) and the higher cost producers will go to work again. So we have a choice—low oil prices and reduced production, or higher cost gas and greater national fuel independence.
Now we will be selling some of our liquid natural gas to Europe to help with their loss of Russian supplies. So jobs for our gas producers, and money for this country.