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No, I don't believe that. If anything, oil prices becoming extremely volatile hurts the oil & gas sector. It makes investment in real production capacity less a
by fauigerzigerk 6y ago
No, I don't believe that. If anything, oil prices becoming extremely volatile hurts the oil & gas sector. It makes investment in real production capacity less attractive, more risky and more difficult to finance.
The gains you're talking about are tiny compared to the massive write-downs at oil companies.
- truckerbill 6y agoI agree with you there, overall the situation isn't completely bad news. The only thing better than volatile is a fully downward trend however. I guess I'm just arguing that we owe ourselves a bit of moral decisionmaking rather than just continuing to believe in the providence of the Invisible Hand. These guys weren't doing this for the sake of the environment.