snox801
Well-Known Member
They invested hoping to see the completion of the pipeline that would eventually have a payout. Or what's called ROI.No one in the US oil industry. Why would they invest in something that didn't make them money?
You are making my point no one will invest that didn't make them money. They got the ok to do the pipeline invested in it to have Biden pander to green energy group by shutting it down. So yes people lost money and probably won't invest. Hence why oil exploration and investment into that would go down. Which leads to less oil supply. Instead of begging opec why not drill our own?
Put aside our differences on how we got here. Why can't we drill our own oil? Companies want to do they can keep a higher profit by using oil they pumped instead of bought. They have the whole supply chain at that point. Under trump we produced more than we needed now we don't. Add n top of that the Russian oil loss and both although small parts make up a larger percentage that needs to be filled by countries that not only pollute more but hate our guts.