Gas Prices Soaring Nationwide

Originally posted by: Boilerman

Oh my, I was at an Energy Polymer Group Symposium in Houston today.  The key guy from the FED addressing the oil and gas business spoke today.


Sure you were, Cliff.

Originally posted by: Boilerman

Oh my, I was at an Energy Polymer Group Symposium in Houston today.  The key guy from the FED addressing the oil and gas business spoke today.


Hmm. You were supposedly there; yet, you don't even know the "key guy's" name?

Originally posted by: Kevin Lewis

Hmm. You were supposedly there; yet, you don't even know the "key guy's" name?


Jesse Thompson serves as senior business economist at the Houston Branch of the Federal Reserve Bank of Dallas. Thompson, who joined the Bank in 2010, performs research and analysis on issues affecting the Houston and Gulf Coast economy. In particular, he studies issues surrounding area hydrocarbon industries. He also collects information for the Dallas Fed’s Beige Book summary of current economic conditions. He is author of the monthly Energy Indicators, the Houston Economic Indicators, and contributes to the quarterly publication Southwest Economy. Thompson earned an MA in economics, with emphasis on empirical microeconomics, and BA in philosophy and economics from the University of Houston.

 

Jesse was one of nine speakers at the Energy Polymer Group Winter Technical Meeting last Thursday in Houston.  This conference centered on elastomer technology for down hole oil applications.  All other speakers addressed elastomer technology, data evaluation methods and technologies, and test methods to evaluate new compounds.

 

In a nutshell, Jesse told us we're fucked in 10 years due to ghe lack of drilling.

If that conclusion turns out to be true, you might not need to worry about it.  Ten years from now, some of us old farts won't be around.  For those who are, there's a significant chance that our driving days will be much lower or over.  So, affordable gas might not be a big deal then.  Instead, it might be prudent to focus your worries on who you will be paying to wipe your ass down the road.  Good luck if you think it will be one of your kids.  Have a great day.


Originally posted by: Boilerman

Jesse Thompson serves as senior business economist at the Houston Branch of the Federal Reserve Bank of Dallas. Thompson, who joined the Bank in 2010, performs research and analysis on issues affecting the Houston and Gulf Coast economy. In particular, he studies issues surrounding area hydrocarbon industries. He also collects information for the Dallas Fed’s Beige Book summary of current economic conditions. He is author of the monthly Energy Indicators, the Houston Economic Indicators, and contributes to the quarterly publication Southwest Economy. Thompson earned an MA in economics, with emphasis on empirical microeconomics, and BA in philosophy and economics from the University of Houston.

 

Jesse was one of nine speakers at the Energy Polymer Group Winter Technical Meeting last Thursday in Houston.  This conference centered on elastomer technology for down hole oil applications.  All other speakers addressed elastomer technology, data evaluation methods and technologies, and test methods to evaluate new compounds.

 

In a nutshell, Jesse told us we're fucked in 10 years due to ghe lack of drilling.


He must have done a complete 180 from two months ago when he said this...

 

Boilerman's expert thinks there's lots of growth in the oil and gas industry ahead.

 

Eventually, they're going to have to hire more in order for the supply chain to meet the demands and the slow and steady growth that is expected from the sector over the years.”

 

 

(Note - I posted a URL to his statement so you dont have to take my word for what he said.   Thats a continuation of the contrast of information I present vs what Boilerman does.)

 

 

 

 

Originally posted by: PJ Stroh

He must have done a complete 180 from two months ago when he said this...

 

Boilerman's expert thinks there's lots of growth in the oil and gas industry ahead.

 

Eventually, they're going to have to hire more in order for the supply chain to meet the demands and the slow and steady growth that is expected from the sector over the years.”

 

 

(Note - I posted a URL to his statement so you dont have to take my word for what he said.   Thats a continuation of the contrast of information I present vs what Boilerman does.)

 

 

 

 


What did Thompson say in the article other than a short discussion on the general current Houston economy and a short term view of the oil business?  Nothing.  I'm sure PJ will explain what Thompson said about the oil industry going past, say.....the next six months.

Originally posted by: Boilerman

What did Thompson say in the article other than a short discussion on the general current Houston economy and a short term view of the oil business?  Nothing.  I'm sure PJ will explain what Thompson said about the oil industry going past, say.....the next six months.


You're the one who said that he told the audience "we're fucked in ten years"!

 

You weren't even there, were you? Never trust a lyin' Con!

I'm so sorry, Boilerman.  WHat part of the article are you having trouble reading....it is written in English and I even cut and paste a key point he made.    Here it is again for everyones' amusement:

 

Eventually, they're going to have to hire more in order for the supply chain to meet the demands and the slow and steady growth that is expected from the sector over the years.”

 

Boilerman says we are not not drilling.  Boilerman's expert source says he expects growth.   Those two things are mututally exclusive.  Which means either Boilerman is full of shit....or the guy he picked as his expert source of information is.     Or Boilerman made up some bullshit and tried to make it sound credible by name dropping someone (THATS MY BET).

 

Boilerman's expert source  also reaffirmed these points which I have made previously:

- Oil companies are struggling with finding labor and supplies

- Oil companies are enjoying record profits and are cautious not to go back to an environment of oversupply where they lose money.

 

What Boilerman's expert source  didnt say:

- Joe BIden wont let the oil companies drill.

 

What other reading comprehension issues can I help with today ?

 

Edited on Mar 12, 2023 1:32pm

This should settle the question that the biden gang is anti drilling.

 

The Biden administration announced Sunday evening that it is indefinitely blocking 16 million acres of federal land and water in Alaska from future fossil fuel drilling.

 

n addition, President Biden ordered an additional 2.8 million of acres to be withdrawn from oil and gas leasing in the Beaufort Sea in the Arctic Ocean off the northern coast of Alaska.

Originally posted by: tom

This should settle the question that the biden gang is anti drilling.

 

The Biden administration announced Sunday evening that it is indefinitely blocking 16 million acres of federal land and water in Alaska from future fossil fuel drilling.

 

n addition, President Biden ordered an additional 2.8 million of acres to be withdrawn from oil and gas leasing in the Beaufort Sea in the Arctic Ocean off the northern coast of Alaska.


He also opened up 8 million acres of federally protected land in Alaska to drilling.

 

That's so typical of you, to focus on the part of the story that fits your bias and ignore the rest.

 

Stupid, lying Tommie-poo.

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