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Oil at $40
I risk bursting @Tom Kirkman's $70 bubble but, well, there's talk about $40 for a barrel of Brent. Anyone else having a deja vu?- Marina Schwarz Replied
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- 27,711 views
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Saudi ARAMCO earnings conference call. Said will continue production increases. Cost $2.80 bbl to lift oil. Upstream capex $4.75 bbl.
Saudi continues "Scorched Earth" strategy. Doesn't matter now, price drop regardless of Saudi Aramco or Russia actions. IT'S A RACE TO FILL UP THE SPARE STORAGE...- BLA Replied
- 65 replies
- 20,295 views
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Getting Weight to the Bit in a Long Lateral
This is addressed to the technical drilling types on the forum: A few days ago there was a post concerning a well drilled in Alaska...- Douglas Buckland Replied
- 65 replies
- 18,560 views
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Oil (WTI $69.30) headed for $80, in August.
Well it depends, if we look at the new oil discoveries, or shale production seems we're go down. War in Middle east OIl goes...- Top Oil Trader Replied
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- 25,855 views
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- BLA Replied
- 63 replies
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OPEC is no longer an Apex Predator
I have commented ad nauseum about my view that $70.00 Brent seems to be the optimum, sustainable, suitable, long term balance between *most* oil...- Tom Kirkman Replied
- 63 replies
- 20,392 views
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Socialists want to exorcise the O&G demon by 2030
Scary bedtime story worth reading. Time to wake up and smell the coffee about the evil stupidity that is inexorably heading our way. Doug Casey on...- Tom Kirkman Replied
- 61 replies
- 16,675 views
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Washington Eyes Crackdown On OPEC
Here is a good "point to ponder": "On Thursday, the House Judiciary Committee passed a bill that would allow the U.S. Justice Department to sue...- legal
- u.s.-saudi relations
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- Osama Replied
- 61 replies
- 26,869 views
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- SKEP Replied
- 61 replies
- 19,530 views
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Cyberattack Forces Shutdown Of Largest Gasoline Pipeline In United States - Zero Hedge
The largest gasoline pipeline on the East Coast, and the US in general, was shut down on Friday after its operator struggled to contain...- Tom Nolan Replied
- 60 replies
- 61,020 views
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Iran in the world market
If Saudi Arabia and other neighboring countries succeed in replacing Iranian oil in world markets and if the nuclear deal does not continue ,...- Dr.Masih Rezvani Replied
- 59 replies
- 16,749 views
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US military convoy enters oil fields in northeast Syria
And now for a short commercial break from our regularly scheduled forum threads about U.S. vs China, impeachment, climate and fracking. Iran's Press TV reports: US military...- Tom Kirkman Replied
- 59 replies
- 13,278 views
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Trump vs. MbS
HELLO ALL!! So with the recent spay between US and KSA....many observers have started to talk about, once again, a three digit oil if US...- Osama Replied
- 59 replies
- 22,083 views
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Why is bigger better in the Permian?
I have a question for you... Why do the major players who are moving into the Permian, and other shale plays, think they can make...- Douglas Buckland Replied
- 59 replies
- 16,980 views
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When will oil demand start declining due to EVs?
When do you think will EV population be able to cause a decline in annual consumption of oil? 2022 or 2023?- SKSharma Replied
- 58 replies
- 31,647 views
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Daniel Yergin Book is a Reality Check on Energy
https://www.yahoo.com/entertainment/map-daniel-yergins-sobering-smart-110105377.html Here is a man who can give an intelligent and honest forecast for the future of energy sources. RCW 'The New Map': Daniel Yergin's sobering...- daniel yergin
- energy
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- ronwagn Replied
- 58 replies
- 42,715 views
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A Buffett-type Solution and Canada's Problem
Much has been written regarding the impact on the industry of the IMO-mandated bunker fuel regulation change. Many workable solutions have been presented that...- William Edwards Replied
- 57 replies
- 20,287 views
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- SKEP Replied
- 57 replies
- 28,511 views
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Oil Price and US Shales Fate Lies in the hands of MEXICO??
Diplomatic wrangling between Mexico and Saudi Arabia entered a fourth day as neither side was willing to concede, even after President Donald Trump intervened...- James Regan Replied
- 57 replies
- 16,817 views
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Can SPR Offset Lost Iranian Crude?
Opinions among the big guys in the industry seem to differ. Some say it will bring prices down by a couple of dollars and others...- Marina Schwarz Replied
- 56 replies
- 20,465 views
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Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
So many good observations in this article yesterday from Nick Cunningham. It's wonderful to see that some people understand what is actually going on...- Tom Kirkman Replied
- 56 replies
- 25,122 views
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Philadelphia Energy Solutions seeks to permanently shut oil refinery - sources
Philadelphia Energy Solutions seeks to permanently shut oil refinery - sources https://www.reuters.com/article/us-refinery-blast-philadelphia-exclusive/exclusive-philadelphia-energy-solutions-seeks-to-permanently-shut-oil-refinery-sources-idUSKCN1TR09E- ceo_energemsier Replied
- 56 replies
- 15,632 views
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IMO 2020:
Tankers defer retrofits to cash in on record freight rates SINGAPORE (Reuters) - Tankers that had been scheduled to install emissions-cutting equipment ahead of stricter...- ceo_energemsier Replied
- 55 replies
- 13,933 views
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Permian Producers Flare More Gas than Reported
Report: Permian Basin oil producers flaring more natural gas than reported If this is true, capturing the gas must be a really expensive affair. I...- Marina Schwarz Replied
- 55 replies
- 19,117 views
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GOODBYE FOREIGN OIL DEPENDENCE!!
US turns to net oil exporter, says EIA. Two words: Boo. Ya. US Crude shipments last week = 3.2 million bpd- Rodent Replied
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Could Venezuela become a net oil importer?
Venezuela's production is heading to 1.000.000 barrels a day, something never happened to venezuelan oil industry, and soon its exporting capacity will be close...- jose chalhoub Replied
- 54 replies
- 19,486 views
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Rhode Island Sues Big Oil
The biggest, baddest, b-somethingest lawsuit to date: 21 defendants. Rhode Island AG claims the state has been uniquely damaged but Big Bad Oil. Don't they...- rhode island
- big oil
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- Marina Schwarz Replied
- 54 replies
- 16,957 views
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So You Think We’re Reducing Fossil Fuel? — Think Again
So You Think We’re Reducing Fossil Fuel? — Think Again If you think we’ve been doing a reasonable job of curbing fossil fuel use, you are sadly...- butasha Replied
- 54 replies
- 20,716 views
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Bloomberg: shale slowing. Third wave of shale coming.
From Bloomberg article " This third boom will be driven by the international oil majors and will be characterized by a focus on better extraction, rather...- Jabbar Replied
- 54 replies
- 13,961 views
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OPEC Will Likely Balance The Oil Market By Next Month
OPEC as well as its allies will probably achieve their goal of draining oversupply coming from the oil market as well as boosting prices...- AdrianC Replied
- 53 replies
- 17,379 views