And the level of bullshit and lies from Lweis and Pj esculates...
And the level of bullshit and lies from Lweis and Pj esculates...
Originally posted by: David Miller
And the level of bullshit and lies from Lweis and Pj esculates...
As does the number of David's misspellings. Dementia...so sad...
Originally posted by: Boilerman
Wells in areas like Bakken and other areas where fraking is favorable, deplete very quickly. They produce a bunce early, and little late. Most or many of the productive wells are running out of juice. https://www.loose.info/decline-curve-for-bakken-shale-oil-wells/ For thos interested, you can learn about the life span of Bakken oil wells. Liberals.............we know you are not interested. After all, your just learning that Sleepy's boy Hunter's lapton info wasn't Russian disinformtation.
In a nutshell, well production in Bakken depletes about 40% in a decade. PJ's argument that Sleepy's policies aren't having a major impact on drilling is simply stupid.
So let me get this straight...you've been screaming and whining about imaginary (PJ showed that) restrictions in an area that will quickly become unproductive anyway?
You can't talk out of both sides of your mouth at once and make any kind of sense.
Originally posted by: Kevin Lewis
So let me get this straight...you've been screaming and whining about imaginary (PJ showed that) restrictions in an area that will quickly become unproductive anyway?
You can't talk out of both sides of your mouth at once and make any kind of sense.
And you, Lewis, continue to talk out of your ass.
Originally posted by: Boilerman
Wells in areas like Bakken and other areas where fraking is favorable, deplete very quickly. They produce a bunce early, and little late. Most or many of the productive wells are running out of juice. https://www.loose.info/decline-curve-for-bakken-shale-oil-wells/ For thos interested, you can learn about the life span of Bakken oil wells. Liberals.............we know you are not interested. After all, your just learning that Sleepy's boy Hunter's lapton info wasn't Russian disinformtation.
In a nutshell, well production in Bakken depletes about 40% in a decade. PJ's argument that Sleepy's policies aren't having a major impact on drilling is simply stupid.
No - I didnt make an argument. The ceo's of the domestic oil companies did. And their explanation of their business, how it works, and what they are doing in the upcoming year contradicts the bullshit Boilerman has been spewing on this thread and several others.
So who understands Chevron's business and supply management better? THeir ceo? Or Boilerman?
I'm going with the former. And I'm calling bullshit on Boilerman's fictional story about supply.
Originally posted by: PJ Stroh
No - I didnt make an argument. The ceo's of the domestic oil companies did. And their explanation of their business, how it works, and what they are doing in the upcoming year contradicts the bullshit Boilerman has been spewing on this thread and several others.
So who understands Chevron's business and supply management better? THeir ceo? Or Boilerman?
I'm going with the former. And I'm calling bullshit on Boilerman's fictional story about supply.
Yawn....
From PJ's article.
Oil companies ae not swimming in profits & they have to be careful on how they invest their money considering that the biden gang can pull the rug out on any given day. The companies are coming back to 13m daily barrels but it takes time & money to bring wells on line. Contrary to the liberal belief they do not flip the switch & the biden's gang obstruction only makes it worse.
Oil companies regularly lose money. In four of the past ten years, the oil industry lost money. Big oil lost $76 billion just two years ago. Therefore, they are proceeding with caution. They are maintaining more capital discipline.
They aren’t rushing to do projects with the assumption that oil prices will remain above $100/bbl. They are doing projects with the assumption that in a year or more when the projects might pay off, oil prices will have retreated to well below $100/bbl.
Oil companies don’t have crystal balls. They have to make decisions now based on where they think prices are headed. Because of multiple collapses in oil prices over the past decade, they are proceeding with more caution and capital discipline.
It takes time for producers to respond to prices, though, and the price signal was not strong enough for E&Ps to potentially veer from their plans for moderate growth until recently. Private producers have been able to ramp upstream activity more meaningfully given that they do not have to answer to a public investor base.”
Good post, Tom. I agree with everything except the part about "what liberals believe".
And the points made are correct. The oil indiustry made lots of mistakes in the past 10 years - mainly due to oversuppling the market and drilling themselves out of business by lowering the price of oil to the point where they couldnt make a profit. That was their decision - not the government's.
And guess what? They aren't in a big hurry to go back to that dynamic. And thats the reason for lower supplys - not "Joe Biden wont let them increase".
In any event they are cautiously raising supply to meet demand by their own accord and market indicators. And thats contrary to the BS being flung around this thread about them being obstructred from doing so
Originally posted by: PJ Stroh
Good post, Tom. I agree with everything except the part about "what liberals believe".
And the points made are correct. The oil indiustry made lots of mistakes in the past 10 years - mainly due to oversuppling the market and drilling themselves out of business by lowering the price of oil to the point where they couldnt make a profit. That was their decision - not the government's.
And guess what? They aren't in a big hurry to go back to that dynamic. And thats the reason for lower supplys - not "Joe Biden wont let them increase".
In any event they are cautiously raising supply to meet demand by their own accord and market indicators. And thats contrary to the BS being flung around this thread about them being obstructred from doing so
There has no B.S. thrown around - except by you.
Originally posted by: Kevin Lewis
So let me get this straight...you've been screaming and whining about imaginary (PJ showed that) restrictions in an area that will quickly become unproductive anyway?
You can't talk out of both sides of your mouth at once and make any kind of sense.
I've posted Sleepy's restrictions on methane releases.
