US rig count falls again while OPEC+ agree to another large increase in production

Originally posted by: Kevin Lewis

I've already refuted and schooled all you MAGA sickos, so I don't need to do it yet again.


  All you have done is to remind everyone that you are mentally ill and a sick, lying scumbag.

Originally posted by: tom

According to LAM's theory, oil prices s/b higher & supply lower. 


No idea what this means, what is LAM and s/b mean?

Originally posted by: Boilerman

Anyone who knows this business knows that there is a one year lag minimum in policy change effecting rig count.  It takes 2-5 years to build an offshore rig and year plus to get a get a decommissioned offshore rig back in business.  Substantially less for onshore rigs, but not six months. 

 


Dropped the count to increase the count? Odd.

Originally posted by: CharlesII

 we're getting more production through some technology advances.

 

 

 

 


Yeah, I've been saying that for over a year, pointing out the stupidity of "drill, baby, drill", good to see you've caught up.


Originally posted by: JDC

The price of admission is worth it when Charles enters the conversation and throws down the fact gauntlet.  Watching these delusional TDS idiots freak out is very satisfying.


He goes after Kevin because he's easy.

 

Funny how "highly educated" MAGA still fall back on TDS for everything, just like the high school dropouts.

Much like "Labor Force Participation Rate"    - low "Rig Count" is also a metric Boilerman historically uses to measure how horrible a sitting president is .....but only if its a Democrat President.

 

(Disclaimer : I dont use "rig count" as a metric to measure Presidential Administration's congeniality towards the oil industry.    Im just pointing it out to the people who historically have and are now moving their own goal posts in a shameful display of hypocrisy.)

 

Oh - and to Boilerman's last point on this thread.....Many offline rigs are not tapped out.  They have been voluntarily shut off by the companies who operate them for any one of a myriad of reasons - the primary one being oil prices.      Here's a fun fact:  oil companies have higher profit margins with higher oil prices so they dont want to oversupply the market.     

 

 

 

 

 

 

 

Originally posted by: PJ Stroh

Much like "Labor Force Participation Rate"    - low "Rig Count" is also a metric Boilerman historically uses to measure how horrible a sitting president is .....but only if its a Democrat President.

 

(Disclaimer : I dont use "rig count" as a metric to measure Presidential Administration's congeniality towards the oil industry.    Im just pointing it out to the people who historically have and are now moving their own goal posts in a shameful display of hypocrisy.)

 

Oh - and to Boilerman's last point on this thread.....Many offline rigs are not tapped out.  They have been voluntarily shut off by the companies who operate them for any one of a myriad of reasons - the primary one being oil prices.      Here's a fun fact:  oil companies have higher profit margins with higher oil prices so they dont want to oversupply the market.     

 

 

 

 

 

 

 


Boilerboob just told us that it's impossible to shut down a well and then restart it later.

 

The "industry expert." LOL!!

Originally posted by: JDC

The price of admission is worth it when Charles enters the conversation and throws down the fact gauntlet.  Watching these delusional TDS idiots freak out is very satisfying.

And to just think....only half a year into the presidential term.  For those of you counting, that's 3.5 years left.  


You're a true Trumper, relabeling lies as FACTY FACTS. And of course, when anybody criticizes the Turd, it's TDS TDS TDS AWWWWK!

 

You MAGA scum aren't even remotely original.

Originally posted by: Kevin Lewis

I've already refuted and schooled all you MAGA sickos, so I don't need to do it yet again.


Kevin is asking why ExxonMobil is reopening their wells...because he doesn't know that closed wells are full of concrete.  Kevin is so out of touch he doesn't know what he doesn't know.

Originally posted by: MaxFlavor

Dropped the count to increase the count? Odd.


Biden policies caused a decreased rig count.  

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