Permian basin drillers drive largest U.S. shale rig surge in nine months

When the world goes nuts and braindead activists on many levels plus their co-conspirators in politics make long-term planning a pain in the back, anything that produces results in shorter time periods is bound to thrive. Oil & Gas is a decadal business. Some projects need more than a decade from first development to production. That’s a lot of money tied up with a project until there is some return. When there is a lot of political uncertainty, they suffer as investors are afraid. Shale returns money to investors much, much faster so expect some more growth out of this corner. Plus, war in Ukraine and Israel will drive more conservative energy policies. 

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