Sunday, November 29, 2020

OPEC in control

Coronavirus Delivers Another Blow to Embattled Shale Drillers

Likely one reason we had the inflationary jump in oil prices. Remember, it really was shale that provide the jobs during the 2010  recovery.  

For the energy and mining states this is a partial reset of the value chain and then a rebuild. So, relatively speaking, these states have the same risk as the California public sector, and they have the same number of senate votes. Comparing the small energy states and dense public sector states, the senate votes are near even.

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