On TILT [Brief]: Oil & Gas
By Ted Dieck | Recruiter’s View - Tilt Studies | Jul 6, 2022
This will be short. Biden doesn’t like oil and gas. But he needs it. Hmm.
Situation: Biden Crushed U.S. Oil.
- He killed the Keystone Pipeline on his first day in office.
- Drilling permits are skimpy
Situation: Drillers Won’t Speculate.
No point in taking chances under an administration that wants you out of business.
Situation: Declining Resources
- Inadequate refining capacity.
- No growth.
Situation: There Won’t Be Any Long Wars.
Biden has drained oil reserves to a three week supply. Military planes, ships, and tanks go dry after that.
Situation: Truckers Won’t Deliver Without Fuel.
(Just a reminder.)
Recruiter’s View
This is an industry ripe for explosion under a different administration.
Conditions are not favorable, for now.
-TD