Good back & forth guys. If the left does win WH, definitely negative for oil & natural gas. My wag is for perhaps a year or two, at most.
Here're 4 powerful LT factors which will combine to favor the industry resuming it's expansion during that time frame:
1. We're entering a Grand Solar Minimum. Winters get longer & colder. Temperate Zone heating costs increase significantly.
2. The Depression morphs into a severe recession, lasting far longer than the corrupt MSM is spinning? Making it much more difficult for families to find the money to pay for essentials like food, shelter, heating & cooling. Those who are working, from home, will use more BTUs, per capita, than when worker where gathered together in large offices.
3. If the left proceeds to force much more expensive green energy on the population? Energy promoted by dishonest ideologues who exaggerate its benefits while refusing to disclose the far higher costs? The Grand Solar minimum suffering will be far far worse. 10s of millions, perhaps of families will suffer from more widespread & life threatening cold related illnesses. Far more will die than from COVID19 alone.
4. Considering how corrupt & easy to bribe the left has proven itself to be? When they realize that return to expanding NG usage is unavoidable. IF they want to hold onto power? First, they'll just solicit as much as they can for their secret offshore accounts. Foreign AWA domestic industry financiers will ante up for this obvious LT winner, as the criminal ruling elite sign off on rapid NG expansion. Next...)) Watch them campaign via the captive MSM flooding the airways with the lie that this change was due to our wise political leadership & how much they care about the American people.
Am I a cynic? No. But, as I lifelong historian, whose career happened to be as a professional trader/investor, I know how the world works because human nature, in group AWA individual behavior, never changes. Very corrupt governance being the rule during rapidly declining civilizations.
Isopatch |
