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" A sobering projection has been made by Wood Mackenzie about production declines from 155 companies around the world. Most of these companies will show production declines of 30 – 40% between 2030 and 2040. “More than 70 of the companies analyzed could see production fall by 50% by 2040 if they do not start investing more in finding new oil and gas reserves,” Wood Mackenzie said. These figures are unprecedented, especially if shale or tight oil in the U.S. is slowing or ending, as many believe." Forbes
Everyone of these "reasons" to not ban diesel exports are the same tired reasons we should not ever ban crude oil exports...corporate profits. Trade retaliation, blah, blah. Every reason is an easy fix, an easy work around. If you are worried the price of diesel will go up if we cease exporting it, think about what the costs will be when there is no more diesel, whatever the costs.
What will our food cost then? The "trade" and energy security reasons are weak made by people who make money exporting American hydrocarbons.
Same time, same place, same benches; in spite of longer laterals, AI, soap, coke proppants, shoving all New Mexico produced water down to Texas for disposal and the Blessing of His Royal King, New Mexico well productivity is down 25.5% since 2021. Not a problem, you say? Wrong. It's a BIG problem.
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With Great Appreciation to Robert Flaherty Photography
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The materials provided on this site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice. I may make data related mistakes occasionally; if you use my opinions about oil reserves or shale well economics for financial purposes, to buy or sell stocks, your nuts. Don't do that. If I have used a photograph incorrectly it was for educational purposes and I have done my best of to give credit where credit is due. My stories are all true, slightly embellished, perhaps, but true; I don't change names to protect the guilty. I am as accurate as possible about history and historical facts; I work very hard at that.All rights are reserved, whatever that means. Don't blame me, I didn't do it.
