But first and foremost, this is a global problem. The second aspect of this is that domestically, our local natural gas providers have chosen to under invest in new exploration and drilling. Instead, they've taken the record profits they've made over the last few years, and they've done stock buybacks, new dividends. and you've seen some of the headlines around companies like Chevron and Exxon choosing that path. And I think that's Wall street pressure. They want to get some money back in their pockets. (39:51–39:59)
CLAIM
Asserts that natural gas companies have used record profits for stock buybacks and new dividends instead of investing in exploration and drilling.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
