As the oil industry struggles, are national leaders waiting until it's too late to intervene?

7/26/2020

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.

In Canada, the industry's hardest-working trade association puts Ottawa's Seamus O'Regan on the spot, seeking tax incentives modeled after Norway's system. Based on Equinor's Q2 results, it's a model well worth following.

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.

 

 

Related News ///

FROM THE ARCHIVE ///

Comments ///

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}