Posted on 01/27/2016 5:40:37 AM PST by thackney
Go Texas!
Then again, I do have a bias towards Texas, full disclosure....
What’s the best way to track inventories including tankers being used for storage.
How can this be? Haven’t the greenie idiots (aka: oil deniers) said that we were depleting oil soon? This must be all lies!!!
I am of the opinion that the new drilling technologies such as fracking and horizontal drilling have opened up so much additional oil that the global market will be “capped” price wise for a long time.
Remember that while the US is using a lot of this technology, it has not spread to a number of the other major oil producing nations .... yet.
http://www.eia.gov/dnav/pet/pet_stoc_wstk_dcu_nus_w.htm
https://www.iea.org/oilmarketreport/omrpublic/charts/
That is false. Haliburton, Baker Hughes, Schlumberger and Weatherford perform the majority of the US hydraulic fracturing activities and are all international companies.
yikes. i hadn’t thought about that....
They, along with the doofus al gore - are all ****** up.
Things are starting to look more bleak. I’ve been lucky and have kept my job but I’m afraid of what’s going to happen if oil stays in the 30’s for a couple more months.
One of the positives is how efficient we are getting. We are setting records with the number of stages we are getting fraced. We have probably seen a 50% increase per frac crew. Some of that is just that now companies have more equipment on hand so there is less down time, but a lot of it is better time management.
This will all help us produce at a lower cost if prices would just come up some.
Drove out to Lubbock this weekend and saw 3 work over rigs. At these prices, what are they doing? Are they pulling the pipe to prep for shut in?
ping to read later
So “Peak-oil” hasn’t happened yet.
I remember the doom and gloom mocumentary on the Nat Geo channel a few years ago saying we would all be living like Mad Max by 2015 or so.
Kinda like Al Gores global warming prediction.
Pffft spit
We shouldn't have changed the law against exporting oil and we shouldn't ship a single quart or cubic foot out of the country unless and until the coal industry is back in full swing supplying coal to generate electricity. Even then, we should only ship what we produce beyond our own annual requirements.
It is wrong to use the federal government to pick winners and losers in private industry.
It makes a lot of sense to export surplus expensive light sweet crude oil while we import cheaper heavy sour crude oil many refineries were already designed to run.
All crude oils are not equal.
Dropping the oil export ban has saved American jobs, and you get cheaper gas prices too. The ban a horrible law!
But if you lose money on it ... it won’t fly.
Damn those DINOs must have occupied every square inch of the earth! It almost makes you believe that oil may actually be a bi-product of the earth that there is so much of it!
"Peak-hype" hasn't happened yet, either.
Expect a greenie surge, and a big blowup about the next earthquake.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.