The govt is not shutting down operating oil leases from what I've read...?
The govt is preventing or limiting new leases on certain federal land and National Parks, no?
There are 9000 or so signed existing oil leases with the federal govt, that have not been exercised....no exploration attempts... that they could do.
I don't believe there is the fear of investing only to 5 years later being shut down..
I think many leases are around a minimum of 25 years....thats why they are sitting on so many, they have time on their side, for exploration and development was my understanding of it?? Is that wrong?
I think keeping oil prices high, is good for them....the war of course is adding to
The rising prices which have been there for nearly a year... this benefits the stock holders, including themselves personally and also the company.....is more likely imho.