RE: As you pointed out, natural gas costs have doubled yet we’re at all time high gas production. Do you think there may be something more at play than Biden talking fracking down?
I would say the energy companies have learned from what happened with Keystone XL and are holding a wait and see attitude before putting more money into drilling and fracking.
That something more at play is probably UNCERTAINTY. The Ukraine and Russian sanctions factor comes into play. The sabotage of Nordstream 2 only exacerbated the situation. The green policies of Europe also contributed.
But talking down fracking is only hurting, not helping.
No question. But talking it up isn't going to "end the energy crisis by next year".
Look, the oil industry-promoting non-profit that came up with this list wants less regulation and lower costs for the producers. That's fine and makes a lot of sense but they're way overplaying the impact on global prices, and Jazz Shaw is acting very naïve in promoting this.