SandRidge Energy Inc (SD)

[jtomm]

I still find the Freeport shutdown for such an extended period of time to be very suspicious. Basically, a single valve went bad. Replace it, and get things started again. But instead, the govt is insisting on a bunch of other bureaucratic things be done. Bury them in bureaucracy.

Gotta wonder if this isn't being done for political reasons, where the govt picks winners and losers to make up for their failed energy policy. The administration and those in the EPA are basically all socialist and wokesters, so they believe the govt owns the means of production and they see nothing wrong with this. They are not capitalists and they don't believe in free markets, so if companies go bankrupt, who cares?

Preventing LNG exports would keep natgas prices low here in the U.S. and bankrupt LNG facilities.

They may be trying to close down Cheniere's LNG facility too. If this happens, this could send natgas prices plummeting here in the U.S. The administration would get to claim they "solved" the problem of higher electricity prices. Plus, they're saving the environment! :

https://gaatimes.com/exclusive-top-u-s-lng-producer-cheniere-asks-biden-admin-to-drop-pollution-rule/