I was hoping to get this cabinet post and am truly mule lipped I didn't. Jim Brooker, a PE from the IB would have been a great choice. I guess if you want to drain America as fast as possilble its a good idea to put a frac hand in charge.
IMO at any price less than $90 oil and $5 gas we only have 4-5 more years of affordable shale oil left in America. Now, with this cabinet pick for DOE, and the great Drill Baby, Drill plan, that 4-5 years of remaining affordabble oil will be 3-4 years, maximum.
Harold Hamm has a lot more to do with Trump's energy policies than imaginable and has convinced Trump we have more liquid gold under America than Saudi Arabia has under its country. Thats dumb. This Wright pick is a Hamm pick, make no mistake.
America is going to need ALL forms of energy, from its light tight oil and its natural gas, to nuclear to yes, even wind and solar. All of it. The people in charge of this mess are going to leave us woefully short because their timing is all messed up. We'll out of one source before any other sources are viable, and affordable to the public. The drill baby, drill crap is a big risk to our future. Shale oil buys us time. but exporting the stuff takes that time right back away from us.
Hi Mike.
As soon as I saw the news of this cabinet pick and who the advisers were/are, I just waited for your comments. Could have written that myself as I listen well.
Just got a piece of 450 wells and a renewed career doing just as you recommend, wearing a dozen hats. Will have to flex physical and mental muscles and will do so with pride and passion.
It would have been great if someone like Elon who is a genius could have had Trumps's ear to tell him that drill baby drill is just hopium and hopium in his world doesn't get rockets off the pad; science and engineering do. There are no Harold Hamms in the space business; praise God.
Gotta go. Might be missing quite a bit going forward. It's really, really oily where I'm headed!