If they outlaw fracking, buy all the oil stocks you can because the price is going up and all those wells that are too expensive to drill in an oversupplied market will suddenly become gold mines.
At least China will have to pay more for it as well, but won't be subject to the same regulations and taxes, giving them a comparable advantage. Goosey calls this capitalism.
For those that have bought into the incorrect "fracking is bad" narrative, the truth is that fracking has been used for a long time in America and elsewhere. What has changed is the ability to do horizontal drilling. This isn't new.




Reply With Quote