its not an "investment strike" (???) its finally showing some fucking discipline not to lever up to the eyeballs so they can have another decade long drilling bonanza As recently as Jan. Fitch was saying E&P could account for 1/3rd of HY defaults in '21! https://twitter.com/mattyglesias/status/1443985768616185857 …
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expensive fossil fuels are good actually
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more and more people are saying it, and you're hearing it all the time
End of conversation
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This was already after $175bn+ of debt was restructured the past 5 years https://www.haynesboone.com/-/media/project/haynesboone/haynesboone/pdfs/energy_bankruptcy_reports/oil_patch_bankruptcy_monitor.pdf?rev=61c2606a5be547598c8d716d1a795c39&hash=97ECA4B149560404B19497FA37CB2B50 …
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