Posted on 12/13/2019 7:22:42 PM PST by brownwill6767
Due to the Speedway Effect; our local regular prices sawtooth instantly to about $2.60, then slowly dribble down to ~$2.25, before doing it all over again.
The cycle time is about every two weeks.
Of course, prices WILL rise some more soon; due to ‘winter blend’ needs.
Likewise; when the needs are gone; prices will rise once more in the spring, due to warm weather needs.
Yeah, this smells like fake news.
“””””””””””””””””””””””””””””””””””””””””””””””””””””””
The article doesn’t exactly back up the headline. I suspect an attempt to harm the Trump economy.
“90 percent is a LOT. Wow..”
(Not being critical but) If you think about it — and not many people do — the who process is base on popping the rock formation that traps the oil & gas to free it up. After a short time you have to re-drill to pop another vein of rock.
“The Saudi dream is to get price low and run USA rigs out of business.”
Well, that worked hand-in-hand with the US strategy of pumping the middle east dry before seriously re-opening exploration in the United States. Kuwait’s production has been in serious decline for many years. Same with some of Saudi Arabia’s fields.
Now the Saudi strategy is to keep the baseline price of a barrel of oil below the price that trips US fracking activity. The company I work for does some work specifically on fracking equipment. We aren’t booming in that area but we are shipping hardware. So we seem to be at a relative steady-state for fracking activity overall. But if the world price of oil rises, we’ll be very, very busy.
Wow.
How embarrassingly simple
I didn’t even really know what the heck fracking was exactly until you explained it in a single sentence :)
I thought it was a BRUTAL process where they were constantly having to crack rocks to eek out some gas every day.
My bad :)
They will show?
Thanks
Hmmm.. Looks a lot like another one of those infamous “hockey stick” curves... {:-)
Peak oil! Peak oil!
Some have said only one-half of the water is in the oceans.
The Permian basin from the sky looks like a white checkerboard surrounded by brown. It is amazing
You have read correctly. There is a whole lot of water down there.
I know this writer takes a shot at a Texas Republican, but the information here is similar to a doctoral thesis I read 25 years ago, which pretty much proved the existence of between 3 to 10 times as much water in the Earth’s crust and mantle, than the volume of water on the Earth’s surface!
It’s mind boggling!
Half way through the doctoral thesis I read years ago, the geophysicist wrote entire pages trying to argue that he was not legitimizing the Genesis Flood account, where we are told the “fountains of the deep broke open”.
It was a little bit ironic and ammuzing.
Maybe in a couple of decades but not now. Natural gas is mostly methane, it’s super cheap and we still flair it off.
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