The fact is that frackers are being starved of capital because of the regulatory risk of putting a big bet on oil and gas only to have Fedzilla wipe it out by decree.
What banker in his right mind would invest in oil? Keystone XL - cancelled and the financiers left with a worthless $10 billion IOU. NordStream 2 cancelled and another $10 billion scrapped.
In this insane political environment. you have to be even more insane to finance oil projects.
Exactly . Thanks for putting it so concisely.