Yes indeed...watch your stock market CRASH BIGLY if the Fauxshontas ever won the presidency. And with that our entire economy as she brings her 70% TAX BURDEN to reality!
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Of all the market-moving tweets these days, one in particular from Democratic presidential hopeful Sen. Elizabeth Warren is sending shivers through the oil industry.
“On my first day as president, I will sign an executive order that puts a total moratorium on all new fossil fuel leases for drilling offshore and on public lands,” she tweeted on Sept. 6. “And I will ban fracking—everywhere.”
Outlawing a technique that energy producers use to blast oil and gas from shale formations would require legislation and spur a torrent of opposition from companies, investors and probably even state governments.
Substantial as those hurdles may be, they haven’t stopped analysts from running the numbers for investors and energy executives to see what might happen, if hydraulic fracturing were banned.
They are particularly focused on Ms. Warren’s threat to choke off drilling on federal lands.
“‘If Sen. Warren were to win…’ was getting a lot of airtime in our meetings,” said Jake Roberts, an exploration-and-production analyst at Houston’s Tudor, Pickering, Holt & Co. “We were surprised to see people taking it so seriously.”
In response, the energy-focused investment bank has sent clients more than 80 pages of research detailing exploration companies’ exposure to federal lands and pondering energy markets minus U.S. shale output, which has glutted global markets and depressed prices.
Tudor Pickering estimates that if fracking were banned, natural-gas prices in the U.S. would jump to somewhere between $9 and $15, up from $2.238 per million British thermal units on Monday. The firm figures that oil, which ended Monday at $53.31 a barrel on the New York Mercantile Exchange, would rise to the $80-to-$85 range and could risk shooting to $150 a barrel during market shocks.
Entire oil-field service companies would become obsolete. Pipeline owners would suffer without replenishment, as existing wells peter out.
(Excerpt) Read more at wsj.com ...
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Of all the market-moving tweets these days, one in particular from Democratic presidential hopeful Sen. Elizabeth Warren is sending shivers through the oil industry.
“On my first day as president, I will sign an executive order that puts a total moratorium on all new fossil fuel leases for drilling offshore and on public lands,” she tweeted on Sept. 6. “And I will ban fracking—everywhere.”
Outlawing a technique that energy producers use to blast oil and gas from shale formations would require legislation and spur a torrent of opposition from companies, investors and probably even state governments.
Substantial as those hurdles may be, they haven’t stopped analysts from running the numbers for investors and energy executives to see what might happen, if hydraulic fracturing were banned.
They are particularly focused on Ms. Warren’s threat to choke off drilling on federal lands.
“‘If Sen. Warren were to win…’ was getting a lot of airtime in our meetings,” said Jake Roberts, an exploration-and-production analyst at Houston’s Tudor, Pickering, Holt & Co. “We were surprised to see people taking it so seriously.”
In response, the energy-focused investment bank has sent clients more than 80 pages of research detailing exploration companies’ exposure to federal lands and pondering energy markets minus U.S. shale output, which has glutted global markets and depressed prices.
Tudor Pickering estimates that if fracking were banned, natural-gas prices in the U.S. would jump to somewhere between $9 and $15, up from $2.238 per million British thermal units on Monday. The firm figures that oil, which ended Monday at $53.31 a barrel on the New York Mercantile Exchange, would rise to the $80-to-$85 range and could risk shooting to $150 a barrel during market shocks.
Entire oil-field service companies would become obsolete. Pipeline owners would suffer without replenishment, as existing wells peter out.
(Excerpt) Read more at wsj.com ...
