Todd Feinburg: Ned Knows Best? (05/07/20)

First, we react to Dictator Ned's daily press briefing. Ned says he and his committee of appointed elites (including employees and partners of his wife's Manhattan investment firm) know what's best for your business. Agree?

Later in the hour, Chrysta Castaneda, a Dallas oil and gas attorney/engineer, joins us to discuss a Texas oil regulators vote on production cut to boost prices that took place this week. The failed vote was designed to prop up the cost of oil in the short term, even as prices will go up as some production disappears over the long term.

First, we react to Dictator Ned's daily press briefing. Ned says he and his committee of appointed elites (including employees and partners of his wife's Manhattan investment firm) know what's best for your business. Agree?

Later in the hour, Chrysta Castaneda, a Dallas oil and gas attorney/engineer, joins us to discuss a Texas oil regulators vote on production cut to boost prices that took place this week. The failed vote was designed to prop up the cost of oil in the short term, even as prices will go up as some production disappears over the long term.