Don’t know that I qualify as an expert but have over 20 yrs in product marketing, scheduling and financial trading.
There is no defense for what some on the left want to do to the industry. Both Obama and Biden so far have made things considerably more difficult for an industry that for the most part operates as responsible as any.
I will say that without seeing a map of the proposed EPA reg overlayed with leased acreage overlayed with recoverable potential reserves it’s hard to know exactly how bad this new rule actually is. I worked on projects all over the US where geologists promised there were reserves but at the end of the day their were too many obstacles (topography, lack of infrastructure and other factors) that made it cost prohibitive to lease, drill, produce and market product. The Permian is so mature that I would think this has a tremendous impact but seeing maps would help.
I know it will never happen bc of politics but we need politicians from both sides to work together to develop an overarching energy policy and then stick to it. It will require compromise from everyone but would be better for our country.
An example would be the plummeting rig count that occurred during previous admins which finally bottomed out in 2020.
It’s funny that some on here want to call out the so called experts, but have such a limited knowledge of the industry that their partisan worship displays their foolishness when they start posting on energy production, infrastructure and independence.