Way to go Joe!!!!!!!!!!!!! Keep it up man.
$80 Oil
- Thread starter long-duc-dong
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When I was at an E&P company some of our IR guys were hoping for a Biden win for this reason.
Looking forward to the royalty checks. Will laugh at all of those that voted for Biden and are suffering the consequences, all the way to the bank.
Trying to make green energy look more attractive with higher oil and gas prices. Hope he runs it up to $100.
not really seeing a lot of drilling going on....why is that. Drillosaurus is pretty quiet...along with drilladilla.
Why would anyone want to drill right now knowing full well this administration would use the full power of the federal government to destroy them?
Back in the 80's, we had 5 rigs drilling offshore the Ivory Coast after a large discovery that did not end up being the next North Sea as originally thought. Phillips was the operator and their revenue projects had oil eventually getting to$90/barrel and we were going to be "censored" rich forever. Interesting to see that almost 40 years later such a price is not out of realm of possibility.
It was circa 1995 when I was in Lake Charles to watch the joint Pennzoil Conoco venture into refining Group II base stock. Pure water clear crank case oil. Pennzoil patented Purebase and Conoco Hydroclear. It was amazing to watch nasty crude turn into what looked like a glass of ice water at Denny's.
An additive package gave the oil color. Pennzoil was darker with it's exclusive package with Z-7.
When Shell bought Pennz in 2002, the first thing Shell did was throw away the package with Z-7. Essentially, Pennz bottles became filled with Shell.
My company exported tons of motor oil in package form. I hung around lots of refineries. What an education!
It was around 1995 when Mobil was first with 1 Liter bottles. The bottles held 946 mL (quart) for U. S. consumption. Conoco was last with the liter bottle in 2003.
An additive package gave the oil color. Pennzoil was darker with it's exclusive package with Z-7.
When Shell bought Pennz in 2002, the first thing Shell did was throw away the package with Z-7. Essentially, Pennz bottles became filled with Shell.
My company exported tons of motor oil in package form. I hung around lots of refineries. What an education!
It was around 1995 when Mobil was first with 1 Liter bottles. The bottles held 946 mL (quart) for U. S. consumption. Conoco was last with the liter bottle in 2003.
Oil royalties are a beautiful thing. Our investor group is still punching holes. But I would be okay for the health of our country if we were just getting 50 or 55 a barrel.
Cost last year to have a container shipped from China $2,000.
Cost this year its $13,000 to the West Coast and $19,000 to the East Coast.
THANKS JOE!
Cost this year its $13,000 to the West Coast and $19,000 to the East Coast.
THANKS JOE!
Not the reason and you know it.
Its a result of all the Commie CCP Government Shutdowns. Use Google Fi next time.
Wow! You not only have no empathy for children raped by transgenders you are an economic idiot that doesn't know a tariff from inflation.
$75. Keeps gas tame and O&G moving.
I'll add. Bottles for export gets a liter of oil. I figure in another 25 years, bottles for U. S. consumption will get a liter.
It's pretty simple for anyone other than the Dems. Selling oil at $90 is good. Buying oil at $90 is not good. Exporting is good and importing is not good. Biden and this administration are economic illiterates. Increasing revenues and lowering prices at the pump is not rocket science. Let the hammer fall hard on this ignorant old bastard in the WH.
I can assure you that the high prices at the pump have very little to do with whoever is in the White House.
The immediate causes are far more complex, driven by geopolitics, seasonal issues, the general supply chain constraints, some supply still constrained after hurricane season, a huge temporary natural gas issue in Europe, geopolitics, and other factors.
What’s more, in the long term, chronic underspending in global exploration, driven by short term investor syndrome, as well as a turn away from traditional exploration by some of the majors, means that the supply pressures will continue to be significant. Renewable energy is great, but we can’t get to 100% (or even 20%) renewables for quite some time, no matter how much we spend on it.
$80-$90 crude is probably a good range, IMHO.
The immediate causes are far more complex, driven by geopolitics, seasonal issues, the general supply chain constraints, some supply still constrained after hurricane season, a huge temporary natural gas issue in Europe, geopolitics, and other factors.
What’s more, in the long term, chronic underspending in global exploration, driven by short term investor syndrome, as well as a turn away from traditional exploration by some of the majors, means that the supply pressures will continue to be significant. Renewable energy is great, but we can’t get to 100% (or even 20%) renewables for quite some time, no matter how much we spend on it.
$80-$90 crude is probably a good range, IMHO.
I doubt you’ll read this link, and certainly not all the way to the end, but you should, it might help you to better understand the convoluted logic of your argument. With your comment you sound incredibly like our own Baghdad Barbie.
What? The causes you listed are a direct result of who is in the White House? The old bastard in the WH shuts down domestic production and transportation and starts buying foreign imports at $85 rather than domestic at $70. This leads to higher prices at the pump. Where does our crude come from and how much does it cost? Try again Einstein.
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The Jan. 26 San Fran Chronicle told me Brandon's Executive Order said NO NEW PERMITS to be issued for federal land drilling. Brandon stopped the Keystone XL pipe line.
Brandon has indeed effected price at the pump. Most here gets it. This is not wave mechanics.
Brandon has indeed effected price at the pump. Most here gets it. This is not wave mechanics.
These idiots open a TD Ameritrade account and instantly become global traders with global insight, all from their tiny little desk in the basement of their parents house. You hit the nail on the head with "mental midget".
Who is in the White House can definitely influence prices, but high prices cure high prices and low prices cure low prices.
With the Biden administration, there will be fewer federal leases and more regulation. That increases prices. There is also tremendous pressure on ESG, which also increases prices. These factors, coupled with drilling reductions of the past couple years and mergers and acquisitions, will force prices much higher, especially when people actually start traveling at pre-covid levels. Further, with more finance guys leading and influencing these companies, it won’t be drill baby drill. It will be disciplined.
With the Biden administration, there will be fewer federal leases and more regulation. That increases prices. There is also tremendous pressure on ESG, which also increases prices. These factors, coupled with drilling reductions of the past couple years and mergers and acquisitions, will force prices much higher, especially when people actually start traveling at pre-covid levels. Further, with more finance guys leading and influencing these companies, it won’t be drill baby drill. It will be disciplined.
You are way off the mark on this one, titty kinder. My Thai hooker was not my spouse. She was my housemaid in my bachelor days in Sattahip, Thaliand. I cannot get sore at you in your diminished capacity. The laws of humanity are on your side. No beating the invalids. Try again.
WH can @squeak but do not think so much so today but did in the past
For example Carter got gas deregulated.
When Penn Square Bank failed our OK company had 188 wells on the morning report...25 operated -- drilling + completing.
Agree with the rest of your post except banning new leases affecting today's prices. There are plenty of federal leases left to drill on.
Supply and Demand. Funny thing.
I gassed up the wife's Jeep today for $2.89. Highest I've paid in the CenTex since Mugabe.
Down almost a buck this morning but still at $82.
Get em Joe!
Get em Joe!
$83.58 as I type this. Cost me $92.00 to fill up this morning.
Saw 2.99 at a gas station yesterday.
$100 gets me 3/4 tank. I should be thankful we still have fuel though.
