Posted on 03/16/2020 1:22:28 PM PDT by nickcarraway
The oil exploitation and delivery system cannot operate on $10. There has to be a threshold.
[The first half of my life was in the oilfields. I know Bull Sh-t in relationship to the oilfield when I read it.]
Another issue is virtue-signaling by fund managers. Some say they won’t invest in oil companies any more. Is this principally because they’re now cud-chewing environuts, or because they’re tired of losing money in a sector that’s been burning cash even as US oil production hits record levels?
We don’t have the oxygenates available to allow us to get the ethanol out.
This will only last while there is "relative peace" in the Middle East ....
Checkat ole
Help me out, I don’t remember that one.
As soon as the stock markets entered the Ponzi-Scheme mode, and brick & mortar/ physical MANUFACTURED inventory got replaced with hope and hype, I bailed...could not find a logical metric with which to gauge my investment possibilities. Too many companies being held afloat by another bunch of suckers blowing into more and more straws.
I didn’t lose a penny in 2008, and I haven’t lost anything this time around either
FTA: “” before, during and after the 2008 Global Financial Crisis. At that time most analysts were continuously behind the facts, consequently underestimating what would happen next, because reality went against ideas and conviction that had become loved in the financial community, such as the perfect market theory and the idea that through derivates risks could be managed away. For most financial strategists, it was simply too painful for many to acknowledge these ideas were incorrect (or at a minimum: contained serious flaws), even though the evidence was there, which would eventually lead Queen Elizabeth to ask them Why did no one see this coming?.””
It would.
Depending on the producers that benchmark is 23-27.
I was in Texas last week before heading back north, my client was double checking their number, looked likes they were planning on shutting down some to all of their activities in Permian, Anadarko and Baken fields.
The stuff in AK has alot more complicated benchmarks, as they have to keep the pipeline full and moving.
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