Mad Money

https://www.mominleggings.com/9sgm531p Oil and gas companies are understandably shrewd. If it’s not profitable to drill, they won’t drill.

https://www.lcclub.co.uk/apji9ofwh

They’ll wait. They know the sun will rise again.  As one economist puts it,

https://elisabethbell.com/jae830m the gas will be there when the economy recovers and prices improve.

So if industry can pull up stakes and wait out the recession, why can’t the U.S. Government play the same waiting game when it comes to auctioning offshore drilling leases? Good question.

https://giannifava.org/j648ds3zq According to Mike Livermore, the executive director of the Institute for Policy Integrity at New York University’s School of Law, the current plan for selling offshore drilling rights by the Interior Department’s Minerals Management Service (MMS)

https://www.worldhumorawards.org/uncategorized/i3y6529p

has failed to value the option of waiting to auction drilling leases.

Because the monetary value of a lease is fixed in time, the government is potentially leaving $600 billion on the auction table, says Livermore. Furthermore,

http://countocram.com/2024/03/07/1c50en9nr45

Ordering Tramadol From Canada By failing to account for the potential benefit of waiting to lease drilling rights, the MMS plan essentially values all of the drilling options held by the American public at zero. It’s like exercising an executive option at too low a stock price””we’re clumsily hitting the “sell” button before our assets mature, costing ourselves billions.

https://www.goedkoopvliegen.nl/uncategorized/nkge39ma

https://tankinz.com/vpzud8wer Hey, maybe we should ask Jim Cramer what he would do.

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