As 2020 crawls through the third quarter, the strains on M&A and the oil and gas industry are beginning to take on albatross-ian levels.

China is abiding by its energy trade agreement with the U.S. quarter-heartedly (roughly one ventricle). The People’s Republic committed to importing $18.5 billion more in U.S. energy products annually. Through June, China’s purchases are an undazzling $1.3 billion, according to the Peterson Institute for International Economics.

As the election nears, fears that a Democrat president could institute fracking bans are matched only by the actual lack of fracking being done. The oil rig count has spiraled down to 172, the lowest since 2005, according to Simmons Energy.

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