Shutting down current projects including active rigs in US territory puts them even at greater risk. He jumped the gun yesterday to save political face. Its all he can do. Another buying opportunity today.
... to Hugo Chavez's process of nationalizing Venezuela's oil industry.
We've alreay seen his similar efforts with Health Care and by nationalizing the student loan industry, he has amassed de-facto financial control over the entire higher-education industry in the US.
Of course, most americans can't afford to send their kids to college any more because powerful, democrat labor unions have pushed faculty pay thru the stratosphere and escalating taxes have diminished household net worth for students parents.
In a socialist vortex, it's just one thing begetting another begetting another until you have.....