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Biden has banned new offshore oil drilling along the Atlantic and Pacific coasts of the USA, and it will be difficult for Trump to reverse this decision.
① Biden has permanently prohibited oil companies from obtaining new Oil & Gas drilling leases in approximately 0.625 billion acres of offshore waters; ② The US Energy industry has expressed dissatisfaction and called on Trump to use all tools to overturn this policy; ③ Due to legal restrictions, Trump finds it difficult to simply reverse Biden's decision, while some Republican politicians in coastal states also support this policy.
Everyone Is Looking for a Value Stock Resurgence. Don't Hold Your Breath. -- Barrons.com
Sector Update: Energy Stocks Rise in Tuesday Afternoon Trading
Hess CEO `very Confident' Sale to Chevron Will Be Done
Unusual Options Activity: XOM, MMM and Others Attract Market Bets, XOM V/OI Ratio Reaches 88.0
EST Jan 7th Morning Delivery - In the last two hours of trading, 10 options with a high V/OI ratio were detected. With the market volatile, it's crucial to stay informed on the latest options trends.
Is There An Opportunity With Exxon Mobil Corporation's (NYSE:XOM) 28% Undervaluation?