As the oil industry struggles, are national leaders waiting until it’s too late to intervene?
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As major service companies present their Q2 earnings results, they are offering what is perhaps the industry’s leas-politically-biased assessments of future oil and gas demand – and it contradicts how OPEC+ and the IEA want to lead the market in the coming quarters.
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In a 180-degree shift from just a few months ago, Texas Railroad Commission Chairman Wayne Christian wants to take a stand against Saudi and Russian dumping of oil on U.S. markets, with what is a textbook argument for tariffs.
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Somebody ALWAYS wants to use the Gooferment to protect themselves from competition.