This is a half baked thought...but may spur interesting conversation: Wouldn't be popular and may lose him an election....but Russia declared war on U.S energy sector by refusing to cut production, and Saudi took the bait. It would be interesting if the u.s govt stimulated/proped up domestic oil and gas companies. Would make Russias plan backfire, and eliminate any doubts over Russian collusion... Discuss.
What's bullshit? Do you disagree with the thesis of a Russian attack on the U.S industry....or the proposed response?
Without too much thought and for the sake of conversation...yes. For the long term good. And only because a geopolitical foe engineered this to attack u.s industry. If companies default, that ripples through the whole u.s economy
So much damage done in the past several days. Once the dam broke, the entire sector is basically on life support with too much debt overhang. I'm afraid there are too many holes to plug at this point.
What happens to the banks when those debtors go tits up? To generate bipartisan support.....the green energy sector goes tits up too, with $30/brl oil
I know. Also read their exposure to the soaring 10 year. The pain is everywhere now. It's why I disagree with those who think this is some sort of correction (Oct 18-Dec 18) did not have panic bids to safety like this, nor crude crashing 35% (at its low) in 1 session.
Think of it this way. You make widgets. It costs you $10 per widget to make them. You've got a competitor who can make them for $8. But your widget machine was cheap and that particular widget is only 8% of your company's business while it's 50% of your competitors business. Your competitor loses his mind and starts selling widgets for $1. Do you: A. Turn off your widget machine for a while and let him self-immolate losing $7/widget; or B. Commit to losing vast sums of your own money, at a rate higher than your competitor, in order to hop in the fire with him, to exactly what end? The answer is pretty clear, isn't it?
The vast majority of renewable energy is used to produce electricity. A grand total of .5%, yes half a percent, of U.S. electricity comes from petroleum. Maybe Tesla is impacted, but despite what Elon would like you to believe they're not even a tiny corner of the renewable energy market. So no, I don't see renewables advocates supporting more subsidies for fossil fuel (yes fossil fuels and nuclear already get a bunch of actual and implied subsidies). On the flip side, building a 200 MW solar farm creates a hell of a lot more jobs than building a comparable output combined cycle gas plant.