The one who’s destroying the oil and gas industry was Trump lol!
If you know anything about the oil industry, you’d know that the investors hated Trump. Many investors who went all in on the Shale revolution in 2013-14 (which was booming thanks to Obama) all ended up losing billions and billions under Trump because he wanted to keep gas price low. Trump truly didn’t know what he was doing lol.
It took until Biden’s Ukraine war to pivot the US back into a top oil and natural gas exporter again, and profits started to flow once more.
Trump also forced China into signing long-term contracts with the US to purchase liquid natural gas, then when the price exploded during the Ukraine war, the producers who were involved in the contracts all ended up losing money all because Trump wanted to show what a genius he was at making business deals with his enemies lol.
The stereotype that oil and gas people only vote for the Republicans may no longer hold true after seeing what Trump has done to their industry lol. All of Biden’s maneuvers following Trump’s fumbling may just have gained the Democratic Party the support from the energy sector this time around.
The one who’s destroying the oil and gas industry was Trump lol!
If you know anything about the oil industry, you’d know that the investors hated Trump. Many investors who went all in on the Shale revolution in 2013-14 (which was booming thanks to Obama) all ended up losing billions and billions under Trump because he wanted to keep gas price low. Trump truly didn’t know what he was doing lol.
It took until Biden’s Ukraine war to pivot the US back into a top oil and natural gas exporter again, and profits started to flow once more.
Trump also forced China into signing long-term contracts with the US to purchase liquid natural gas, then when the price exploded during the Ukraine war, the producers who were involved in the contracts all ended up losing money all because Trump wanted to show what a genius he was at making business deals with his enemies lol.
The stereotype that oil and gas people only vote for the Republicans may no longer hold true after seeing what Trump has done to their industry lol. All of Biden’s maneuvers following Trump’s fumbling may just have gained the Democratic Party the support from the energy sector this time around.