InvestorsHub Logo
Followers 14
Posts 3822
Boards Moderated 1
Alias Born 07/07/2002

Re: benfrankledger post# 15876

Sunday, 12/31/2017 10:31:55 AM

Sunday, December 31, 2017 10:31:55 AM

Post# of 29432
IMO the regulations roll back will not do much. The DWH blow out was all about BP cutting corners on cement job and NOT running CBL. Having a third party contractor checking to make sure blow out preventers works as designed doesn't add much cost compared to $500K day rates. Will BP go back to being the "old" BP and will other companies (eg. CVX, XOM, COP) that never cut corners decide all of a sudden to start cutting corners because Trump winks? I doubt it very much. Obama era chemical disclosure rules never slowed fracking, it took off instead. The only thing that slowed fracking were the Oklahoma earthquakes and that was only regional. Oil price and the ability to hedge the downside will dictate for frackers.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.