SandRidge Energy Inc (SD)

[jtomm]

Yeah, no kidding. If I got the news a day or two before everyone else, I'm not sure it would help me any. ha.

Govt not moving fast on Freeeport LNG inspection. They can't be bothered to come out before Freeport LNG's annual inspection, so the inspection will be Sept 13-15. The news reports don't make it totally clear, but I doubt the company would be allowed to start any repairs before the inspection. I wouldn't be surprised if the restart gets delayed again.

https://www.reuters.com/business/energy/us-regulators-inspect-shuttered-texas-lng-plant-september-2022-07-19/

All the political incentives are to keep LNG shut down. Lower energy prices in the U.S. Panders to global warming crowd. And the environmentalists. All in the name of safety.

I'm still quite concerned that Cheniere's LNG (much bigger than Freeport) gets shut down as well (would send US natgas prices plunging). Out of the blue, EPA seems to be taking a hard line. Eventually, I think the govt would lose in court, but the reality is they hate fossil fuels of any kind. It's an odd circumstance that, in the short term, they could keep LNG shut down, AND lower electricity prices locally. That may be tough to pass up politically, keeping in mind that they don't care about fairness, and most have never had any experience running a business. Plus it seems all these elitists actually WANT chaos and collapse in Europe to make everyone dependent on centralized govts , and it would help that too:

https://www.houstonchronicle.com/business/energy/article/Cheniere-says-an-EPA-rule-hurts-Ukraine-response-17313373.php