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Trump Racing Forward With Leases for Arctic Wildlife Drilling
Discussion
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There’s bad publicity, yes. That could be a deterrent. More likely? These remote sites are probably fairly expensive to drill, and I am not sure at what the value Brent Crude needs to be at before they could be even marginally profitable. If the peak oil demand scenario is one that is playing out, I’m not seeing a scenario when Brent Crude is anywhere near the $100 per barrel that it was before it fell off a cliff mid-decade last decade. At $40 per barrel? I am skeptical. Most of Trump’s executive orders to undo Obama’s administration were petty and… Read more »
Is there the ability to rescind rules changes that are made in the previous 6 months as Trump did for many of the Obama rules and regs? Or did we need both parts of the legislature to do that?