My Senate testimony, Richard Herrington on minerals, American Robins
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My US Senate testimony, Richard Herrington on mining "green" elements, American Robins A lot of travel this week. I’m back in Austin for a few days before heading to Florida next week for a speaking engagement with the National Electrical Manufacturers Association. A lot of my time this week was spent prepping for my testimony for Wednesday’s hearing in front of the US Senate Government Operations & Border Management Subcommittee. I was in Little Rock yesterday, talking to the Arkansas Independent Producers and Royalty Owners. An interesting note from that meeting was this: despite the big runup in natural gas and oil prices, none of the companies at the meeting were planning to drill any new wells. That’s of a piece with what I’ve been hearing from other people in the oil and gas sector: prices may be up, but drilling hasn’t responded as it has in the past due to constraints on capital availability and the demands from investors that the upstream companies live within their cash flow. If that trend continues, it portends higher oil and gas prices for a long time to come. Four things today:
My Senate testimony, Richard Herrington on minerals, American Robins
My Senate testimony, Richard Herrington on…
My Senate testimony, Richard Herrington on minerals, American Robins
My US Senate testimony, Richard Herrington on mining "green" elements, American Robins A lot of travel this week. I’m back in Austin for a few days before heading to Florida next week for a speaking engagement with the National Electrical Manufacturers Association. A lot of my time this week was spent prepping for my testimony for Wednesday’s hearing in front of the US Senate Government Operations & Border Management Subcommittee. I was in Little Rock yesterday, talking to the Arkansas Independent Producers and Royalty Owners. An interesting note from that meeting was this: despite the big runup in natural gas and oil prices, none of the companies at the meeting were planning to drill any new wells. That’s of a piece with what I’ve been hearing from other people in the oil and gas sector: prices may be up, but drilling hasn’t responded as it has in the past due to constraints on capital availability and the demands from investors that the upstream companies live within their cash flow. If that trend continues, it portends higher oil and gas prices for a long time to come. Four things today: