Not an energy analyst, just listened to 2 opposing networks-

One was a Biden cheerleader saying this was a great, amazing thing. Other said they didn’t think energy companies would bite and it’s all for show.

I really hope prices noticeably come down. I’m concerned they won’t, though- especially as the EU preps their oil embargo, which may jack up world crude even more. Summer demand may likely go up, further pressuring gas prices.

Sustained high crude prices might encourage more new lease production, but again, gas prices wouldn’t be affected for at least 6 months or more- unless increased future volume speculation drives costs down? No idea there.

Wishes and dreams / candies and nuts? Something like that.

In response to this post by Tank

Posted: 04/15/2022 at 9:32PM

Fraction of federal land oil / gas leases resumed. -- reconhokie 04/15/2022 8:54PM

More smoke and mirrors, wagering a dumb public will think this solves it. ** -- PhotoHokieNC 04/16/2022 12:51PM

I'll take that bet..plenty of stupidity to bet on! ** -- HOKIERIT 04/16/2022 12:55PM

Damn..It's a shame someone didn't build a pipeline from Canada-> -- HOKIERIT 04/16/2022 12:51PM

Take your money for the lease -- freemason 04/16/2022 06:27AM

Thankfully, before prices got too high. Proactive move. ** -- Tank 04/15/2022 9:20PM

Not an energy analyst, just listened to 2 opposing networks- -- reconhokie 04/15/2022 9:32PM

I was being sarcastic... nothing proactive about this move. ** -- Tank 04/15/2022 9:38PM

That's all part of the plan. ** -- EDGEMAN 04/15/2022 9:08PM

I would actually be impressed if there was a plan. TIC ** -- MP4VT2004 04/15/2022 9:31PM

Oh..there IS a plan, but not one to ramp up oil production-> -- HOKIERIT 04/16/2022 12:54PM

Not an energy analyst, just listened to 2 opposing networks-

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