I support Trump’s Afghanistan withdrawal…but remember he campaigned on withdrawal and then actually escalated the war until the Doha Agreement.
This is hard to believe but Tillerson actually believed America was running out of natural gas…and so he invested XOM’s windfall profits into Qatar to export LNG to America. A Substacker that hate…
I support Trump’s Afghanistan withdrawal…but remember he campaigned on withdrawal and then actually escalated the war until the Doha Agreement.
This is hard to believe but Tillerson actually believed America was running out of natural gas…and so he invested XOM’s windfall profits into Qatar to export LNG to America. A Substacker that hates Biden and is in the energy industry admitted the American energy industry had no idea how we would get more energy production around 2005 other than investing in the Middle East. I don’t know if you followed the 2008 election but Palin’s big accomplishment as governor was greenlighting a natural gas pipeline…that was never built because of fracking in the lower 48 just like we never imported LNG from Qatar because of fracking.
The perhaps positive effect of over investment in energy is we CAN have not only an economic rebound but a world that doesn’t have to fight quite so much over energy. Can.
We’ll find something else to fight about. Human nature.
The notion North America had hit peak production was the conventional wisdom accepted by both Enron and Exxon…Exxon just has a much much more conservative approach to investment. I see FTX as pretty similar to Enron and Lehman Brothers—they all believed their primary assets could only increase in value and so once the bottom fell out of natural gas and housing prices and crypto they all ran into a liquidity crunch.
I support Trump’s Afghanistan withdrawal…but remember he campaigned on withdrawal and then actually escalated the war until the Doha Agreement.
This is hard to believe but Tillerson actually believed America was running out of natural gas…and so he invested XOM’s windfall profits into Qatar to export LNG to America. A Substacker that hates Biden and is in the energy industry admitted the American energy industry had no idea how we would get more energy production around 2005 other than investing in the Middle East. I don’t know if you followed the 2008 election but Palin’s big accomplishment as governor was greenlighting a natural gas pipeline…that was never built because of fracking in the lower 48 just like we never imported LNG from Qatar because of fracking.
The perhaps positive effect of over investment in energy is we CAN have not only an economic rebound but a world that doesn’t have to fight quite so much over energy. Can.
We’ll find something else to fight about. Human nature.
This very interesting.
That makes Tillerson ENRON level smart, which is run of the mill all too often.
The notion North America had hit peak production was the conventional wisdom accepted by both Enron and Exxon…Exxon just has a much much more conservative approach to investment. I see FTX as pretty similar to Enron and Lehman Brothers—they all believed their primary assets could only increase in value and so once the bottom fell out of natural gas and housing prices and crypto they all ran into a liquidity crunch.