Old-Ruffneck + 1,285 er Thursday at 02:44 AM 9 minutes ago, TailingsPond said: WTF do you know? Predict something in the near term. You live in an ideology not reality. WTF do I know? A helluva lot more than you when it comes to oilfields and pumping and extraction. I worked on rigs 5 years. Motorman 2 years Derricks 3 years. Todays rigs are somewhat differant but still drilling a hole and stopping at certain depth to await completion crew. Granted you do have a certain intelligence but to demean some of the users on here the way you and your twin do, is easier just to hit the ignore button as you repeat over and over. But the fact of the matter is, ICE vehicles are here to stay. Go buy an EV and don't let them rob you. Electricity here is expensive, more than petrol. And a very very slim infrastructure in a 500 mile circle around me casa. Now the dealers are leasing the EV's as most can't afford 65k for a car. Quote Share this post Link to post Share on other sites
Polyphia + 87 LT Thursday at 10:17 AM 8 hours ago, Old-Ruffneck said: Exactly!! The two or three opposition folks just love to stir the crap. Keyboard warriors they are. They pretend to be smarter than everyone on here and try to shame the guys who do know. They are living in fantasy land. Project much? Quote Share this post Link to post Share on other sites
TailingsPond + 1,043 GE Thursday at 01:50 PM 11 hours ago, Old-Ruffneck said: WTF do I know? Predict something in the near term like I asked. Show me what you know! Not what you knew in the past - old school crap - predict modern oil economics. If you keep up-voting stupid you are stupid. Down is down. Quote Share this post Link to post Share on other sites
TailingsPond + 1,043 GE Thursday at 01:55 PM 11 hours ago, Old-Ruffneck said: Electricity here is expensive, more than petrol. British Colombia and Ontario have huge amounts cheap hydroelectric electricity. In B.C. you can "fill up" your EV for free at roadside rest stops. The rest stops even have free wifi. Quote Share this post Link to post Share on other sites
TailingsPond + 1,043 GE Thursday at 02:20 PM 11 hours ago, Old-Ruffneck said: A helluva lot more than you when it comes to oilfields and pumping and extraction. I worked on rigs 5 years. Motorman 2 years Derricks 3 years. Todays rigs are somewhat differant but still drilling a hole and stopping at certain depth to await completion crew. Granted you do have a certain intelligence but to demean some of the users on here You certainly have more hands-on oilfield knowledge. I respect that. As for "demean" many other users use more insults than I do. I beat people down with better writing skills, education, and facts. Calling someone stupid is easy; making someone feel stupid without calling them names is more rewarding. Quote Share this post Link to post Share on other sites
Ecocharger + 1,543 DL Friday at 04:18 AM The Green maniacs are trying to shoot their own economies in the foot. The onerous burden of the misguided war against CO2 is threatening to destroy the standard of living of most average people in Europe. https://oilprice.com/Latest-Energy-News/World-News/New-EU-Carbon-Market-Set-to-Hit-Households-and-Small-Businesses.html "Two years after the 2027 launch, the price of CO2 could jump to as much as $161 (149 euros) per metric ton in 2029, according to BloombergNEF’s analysis. This would be more than double the current price of CO2 under the existing EU ETS trading system for emissions from industry and power plants. The carbon price in EU ETS2 could hike costs for road transportation by 27%, while bills for home heating could spike by as much as 41%, BNEF’s analysis has found. “Ambitious targets and high costs risk making households and small businesses the losers,” the report reads." 1 1 Quote Share this post Link to post Share on other sites
Ecocharger + 1,543 DL Friday at 05:05 PM (edited) Long term price trends for oil remains high with growing demand and reduced refinery capacity. https://oilprice.com/Energy/Crude-Oil/Refinery-Shutdowns-Growing-Demand-Could-Send-Fuel-Inventories-to-25-year-Low.html "IA: fuel inventories could plunge to the lowest levels since 2000. The refining industry globally has been experiencing the effects of a declining supercycle even though demand has continued to grow. EIA: this squeeze is about to become marked next year." "Refinery closures combined with growing demand for gasoline, diesel, and jet fuel are about to start squeezing available volumes—and this squeeze is about to become marked next year. That’s according to the Energy Information Administration, which warned this would plunge inventories to the lowest levels since 2000. Two refineries are set to shut down this year, the EIA said in the latest edition of its monthly Short-Term Energy Outlook. One is in Houston, and the other in Los Angeles. The Houston facility, owned by LyondellBasell, which has already begun the process of the shutdown, has a capacity of 263,776 barrels daily. The Los Angeles refinery, property of Phillips 66, can process 138,700 barrels of crude daily. The closure of these two would reduce fuel production capacity in the country by 400,000 barrels daily. The refining industry globally has been experiencing the effects of a declining supercycle even though demand has continued to grow, and, as confirmed by the EIA, this growth will continue. Even so, the record margins of 2022 and 2023 are gone now. Before the new cycle begins, some belt-tightening is in order." Edited Friday at 05:06 PM by Ecocharger 1 1 Quote Share this post Link to post Share on other sites
notsonice + 1,290 DM Friday at 05:16 PM Just now, Ecocharger said: Long term price trends for oil remains high with growing demand and reduced refinery capacity. https://oilprice.com/Energy/Crude-Oil/Refinery-Shutdowns-Growing-Demand-Could-Send-Fuel-Inventories-to-25-year-Low.html "IA: fuel inventories could plunge to the lowest levels since 2000. The refining industry globally has been experiencing the effects of a declining supercycle even though demand has continued to grow. EIA: this squeeze is about to become marked next year." "Refinery closures combined with growing demand for gasoline, diesel, and jet fuel are about to start squeezing available volumes—and this squeeze is about to become marked next year. That’s according to the Energy Information Administration, which warned this would plunge inventories to the lowest levels since 2000. Two refineries are set to shut down this year, the EIA said in the latest edition of its monthly Short-Term Energy Outlook. One is in Houston, and the other in Los Angeles. The Houston facility, owned by LyondellBasell, which has already begun the process of the shutdown, has a capacity of 263,776 barrels daily. The Los Angeles refinery, property of Phillips 66, can process 138,700 barrels of crude daily. The closure of these two would reduce fuel production capacity in the country by 400,000 barrels daily. The refining industry globally has been experiencing the effects of a declining supercycle even though demand has continued to grow, and, as confirmed by the EIA, this growth will continue. Even so, the record margins of 2022 and 2023 are gone now. Before the new cycle begins, some belt-tightening is in order." Long term price trends for oil remains high with growing demand?????? ha ha ha you are living in the past and smoking too much wacky tabacky reality EVs and Trump has shit on your parade of growing demand...HA HA HA EVs and the Trump Global Recession have sent the price and demand into a tailspin. ha ha ha Tariffs Tariffs are great??? not for oil demand WTF are you babbling about now....trends for oil remains high????? $67 WTI looks like the long term price trend for the next 2 years is heading towards $50 hell of a trend Enjoy getting crapped on by falling demand The Wire China China’s Waning Oil Thirst China's transformation into a global economic power has also seen it become the world's largest importer of crude oil. . 11 minutes ago Crude Oil Prices Today | OilPrice.com China's Oil Imports Down 5% in January and February China's crude oil and natural gas imports fell in the first two months of 2024, influenced by U.S. sanctions on Russian energy and weaker... . 9 hours ago Bloomberg China’s Fuel Production Cuts Could Undermine Global Oil Demand China's pushing its oil refiners to reduce fuel output, raising new questions about demand in the largest importing nation just as the... . 1 day ago Columbia University China’s Slowing Oil Demand Growth Is Likely to Persist and Could Impact Markets China's Slowing Oil Demand Growth Is Likely to Persist and Could Impact Markets ... China's demand for oil, long an important driver of global oil demand growth,... . Nov 13, 2024 Reuters Asia's falling crude oil imports challenge 2025 demand forecasts Asia's crude oil imports are off to a weak start in 2025, as top importer China continues to buy less and new sanctions put the brakes on... . 1 week ago Quote Share this post Link to post Share on other sites
Ecocharger + 1,543 DL 2 hours ago (edited) On 3/7/2025 at 12:16 PM, notsonice said: Long term price trends for oil remains high with growing demand?????? ha ha ha you are living in the past and smoking too much wacky tabacky reality EVs and Trump has shit on your parade of growing demand...HA HA HA EVs and the Trump Global Recession have sent the price and demand into a tailspin. ha ha ha Tariffs Tariffs are great??? not for oil demand WTF are you babbling about now....trends for oil remains high????? $67 WTI looks like the long term price trend for the next 2 years is heading towards $50 hell of a trend Enjoy getting crapped on by falling demand The Wire China China’s Waning Oil Thirst China's transformation into a global economic power has also seen it become the world's largest importer of crude oil. . 11 minutes ago Crude Oil Prices Today | OilPrice.com China's Oil Imports Down 5% in January and February China's crude oil and natural gas imports fell in the first two months of 2024, influenced by U.S. sanctions on Russian energy and weaker... . 9 hours ago Bloomberg China’s Fuel Production Cuts Could Undermine Global Oil Demand China's pushing its oil refiners to reduce fuel output, raising new questions about demand in the largest importing nation just as the... . 1 day ago Columbia University China’s Slowing Oil Demand Growth Is Likely to Persist and Could Impact Markets China's Slowing Oil Demand Growth Is Likely to Persist and Could Impact Markets ... China's demand for oil, long an important driver of global oil demand growth,... . Nov 13, 2024 Reuters Asia's falling crude oil imports challenge 2025 demand forecasts Asia's crude oil imports are off to a weak start in 2025, as top importer China continues to buy less and new sanctions put the brakes on... . 1 week ago You are living in the past with your socialist buddies running into the ground and out of office. Here is the future, the Labour government in Britain is now dismantling the anti-CO2 policies of the foolish past, and embracing a fossil fuel future, Reality has once again taken over. https://oilprice.com/Energy/Crude-Oil/UK-Oil-Gas-Too-Legit-to-Quit-Even-for-Labour.html "The Labour government under Keir Starmer has upheld its promise to halt new oil and gas exploration but is now allowing tiebacks—connecting new reserves to existing fields. The government has decided not to renew the windfall tax on oil and gas companies beyond 2030. Facing declining domestic production, energy security concerns, and industry pushback, the UK government is adjusting its stance." "...the UK government will also not renew windfall taxes instituted for the oil and gas industry by the previous government in a bid to take advantage of massive supply crunch-related profits that the industry booked in 2022. The windfall tax regime ends in 2030, and the Starmer cabinet has no plans to renew it unless wholesale energy prices rise to an unusual level, per the Financial Times. This is a significant departure from earlier signals given by the government about its stance on the oil and gas industry. When they came into power last year, Labour actually raised the windfall profit tax even further, sparking outrage from the industry that essentially said they would eventually up and leave if this continued. Production has already declined by 10% since the introduction of the windfall profit tax, and that has led to the loss of $6.5 billion in cash flow, per Wood Mackenzie. It seems that the Starmer cabinet finally saw sense, and from 2030, oil and gas operators will return to a tax rate of 40%, down from the current 78%. “The government acknowledges that changes to the oil and gas fiscal regime in recent years have led to a period of uncertainty for the sector and its investors,” the Treasury said in a statement that was part of the consultation papers in yet another good sign for the UK’s energy industry." Edited 2 hours ago by Ecocharger 1 1 Quote Share this post Link to post Share on other sites
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