Monday, March 25, 2024 6:13:18 AM
That’s a huge divergence from the normal mid-March report release, 8 months late!
And I think your instinct on the reasoning for the change is accurate
Even though the current administration has total control of the content of the narrative, and partial control of the actual data, there must be consensus that there’s no way to craft the report into a “net positive” for the party
So, they just push it to be released after the general election, pure political hackery
And it’s likely that Delek is not interested in participating in another drilling campaign until there is a big change in US domestic energy policy
In retrospect, I know the economic and regulatory conditions have been unfavorable under the current administration, but now it’s a lot clearer that the hurdles were far more than I had imagined
The turbulence in global geopolitics has only intensified with each passing month
I wish we didn’t all have to pay the FO price caused by the FA of those responsible for this situation
Can’t wait to be back in “Drill Baby Drill” status
Western civilization is at an inflection point
It might have been an understatement when I predicted the biggest commodity super cycle in my lifetime
Much broader implications
It will be a benefit to the entire world population if we set the sails correctly
Cheers
spec
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