RR hey hows life? Hope its good. Anyway why don't we have a commission of economists, engineers and scientists that run energy policy the way the Fed is run by accountants. Changing energy policy whimsically every 4 years is why companies don't invest long term. Megaprojects would get funding privately if the tax/political environment could be anticipated long term.
matt

RR hey hows life? Hope its good.

Hey, I was about to ask the same of you. Still in Brazil?

I have been in the Netherlands almost full-time this year, but right now I am in Montana preparing for a move to Dallas. We have a 20-hour drive in front of us on Thursday and Friday. For the next year, I am probably looking at a rotation of 2 weeks over there and two weeks at home.

You are spot on about changing energy policy every few years. Companies can't make long-term investments in that climate. It has been that way for oil companies for many years. If you have to make a multi-billion dollar investment, and you have an ever-shifting energy policy hanging over your head, what do you do? Proceed very cautiously. Then, when you don't invest as aggressively as the government felt you should, they demonize you.

I moved back from BR....Stateside going to med school.