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maybe, but if US gas prices move towards European prices as we...

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Just_a_guy

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27/05/22

13:09

Post #: 61661622
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Originally posted by madamswer: ↑

"to be honest the big thing I think about is geopolitical risk which is certainly saying something given the o&g world is littered with Disallowed salesmen.
the west is becoming more and more populist. look at the Uk announcement yesterday.
Is the same coming for the likes of bpt/wpl? Hzn/Chinese oil is risky and I feel like I’m playing musical chairs trying to time when to escape, and I obviously don’t have to spell out the impact of geopolitics on the owners of Russian oil companies.
if gas prices rise in the US and Canada, they too will be looking at super taxes. Just listen to bidens rhetoric."

Anything is possible in Canada, but I don't worry too much about the US because I very much doubt if any really punitive legislation on the oil & gas industry would pass Congress.

Especially considering that is difficult to punish one part of the fuel supply system at the same time you are busy cosying up to another part of it:

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maybe, but if US gas prices move towards European prices as we suspect they might, and the populace starts yelling at the price at the pump and the ‘price gouging’, it wouldn’t surprise me at all if Biden attempts to appear tough by taxing E&P especially when the majors start printing huge profits.
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