This fella is an independent oil and gas producer from Okahoma who I am sure has skin in the game, in other words uses his own money and knows how to earn a proftt from oil and gas extraction... from concept to reality. He is like me and a few others in America. He sees down the road and is not afraid to speak out. He is concerned about the direction we are going.
I do not believe this fella and I are perfectly aligned politically, but we agree on the long term detriments of oil and LNG exports from our country, fer sure. My friend Anne suggests this video stuff is what I should have done years ago, instead of writing about it, but I am too old and too ugly to put myself all over YouTube. The Mr. Global fella has made a big name for himself speaking out on oil and natural gas.
The new Energy Secretary has gone off his rocker. Politics does this to people, even MIT graduates, and is an evil disease that can be contacted quite easily these days. To remain in a position of power, policians will sell their souls to the devil and say and do things that make no sense for another vote. Like U.S. shale oil and shale gas can grow exponentially, even at much lower product prices ($50?!!)... because of, what else, better technology.
What happened to the responsibility of influence and the moral obligation to always tell the truth in our country?
Who, exactly, do we turn to these days for the truth? Why should the truth about our nation's oil and gas future, for instance, cost us money? What's the big "secret" all about?
Mike, I would say that applies to each and every big corporation CEO. All headless chickens and bean counters! Maybe calling them chickens, gives chickens a bad name!
Click the image to read. I love this !!!
But what a bunch of chicken shits the shale sector is for stepping up and saying this now, after they all helped Trump get elected knowing the drill baby, drill stuff was dung heap...and what courage it takes to now stand up and say it....anonymously. These guys would do, and say anything to get your money from you back before 2019, to drill baby, drill; now that they have to stand on their own financial feet they are scared to death of Trump. 😎
I apologize if I am ranting, I am just disappointed on how a countries heritage is being misused!
Well sir ,you are an exception to the rule I see ! I was part of a deal, where all the wells were what I call "squeezed lemons". Basically just liabilities they wanted off their books! That's mostly what I see nowadays. But to be fair, I am not part of the club! So maybe that's what's you get when you are not the right kind of people or super rich! I expect, next time there is a recession and the oil goes below <$50 , a lot of operators are going to get wiped out and people with money are going to buy them out pennies on the dollar! And they voted for it!
I agree Mike's writings sound true. I am very new to this sector. I came in with a lot of energy ! Because to me the O&G sector is the lifeblood of an economy. What I saw was :a) you need to be very rich or very well connected to even enter the field.b) The operators i have worked with have all screwed me over or tried to! c) when I approached a geologist for advice, he literally told me to just give up as no one would help me because of who I am not(take a guess why!).
All I see are bloated companies, with dying fields and run by aged people, who were given one of the greatest treasures known to us and have squandered it in search of next quarter earning, now too afraid to innovate or take any exploration risk and to loose what they have!
I still do not know what a peak plateau is. Berman for the past year has been preaching abundance and how "silly" the concept of peak affordable oil is, now its something different. If you want to watch this, sorry, you are on your own.
It is indeed a race for what is left, however. So, in the good 'ol US of A private enterprise squeezes it ouf of the ground, for rates of return that can be equaled with certificates of deposit at your local bank, then exports it to foreign countries.
I am really discouraged to see how much prejudice still influence people's behavior. Including making choices against their own immediate and future prosperity.
It is what it is.
Eric Nutall on CNBC. When Sheffield said a couple of weeks at CERAWeek that the Permian Basin was exhausted, these two dudes were paying attention.
"A number of factors will lead to a tighter oil market in 2025" is likely correct; with regard to shale oil, however, it has little to do with capital discipline. Shale oil economics suck at $65. Debt is increasing, hell...economics are so bad many big pure players are having to borrow money to pay dividends.
The MSM and almost all ANALysts analyzing the shale phenomena have yet to embrace the word, depletion. If you don't understand oil and natural gas, never been there and actually DONE that, depletion is something you cannot understand, it seems. The fiscal discipline stuff is getting to be rediculous.
Does that make sense to you, to borrow money to pay dividends? Does that suggest everything is peachy in the shale oil patch? Most importantly, does that suggest to you that it is still a good idea to export over 4.2MM BOPD of shale oil to foreign countries when we might, when we ARE, running out of affordable shale oil?
We are trying to dominate the rest of the world with cheap American shale oil and shale gas at the expense of our own future. It will prove to be biggest blunder in United States energy policy history.
Click the image to watch the comment.
The Europeans are --- dumb, stupid or mad or all in one? Please help me decide
https://oilprice.com/Latest-Energy-News/World-News/High-Operating-Costs-Leave-Europes-Floating-LNG-Terminals-Idle.html
New Sec. Of Energy Dishing Out the Word Salad On U.S. LNG Export Ban
Yesterday, new Energy Secretary, Chris Wright was on CNBC with Joe Kernen about the Biden LNG Export Permit Ban. Wright suggests due to crazy Climate policies, the Biden Administration put a ban on new LNG Export permits and wanted to do a study.
Energy Sec. Wright goes onto to say that he totally reversed this ban and has signed 5 new deals to get more LNG facilities approved and into construction.
This is hilarious because the Biden Administration Ban was on those projects ABOVE & BEYOND the already 48 bcf/d of approved projects. At the time of the new policy in Jan 2024, there were:
14 bcf/d in Operation12 bcf/d in Construction22 bcf/d approved awaiting FID and etc.
Does the USA need more than 48 Bcf/d of Approved LNG Facility Capacity when the current capacity is at 16 bcf/d, which would mean an additional 32 bcf/d of U.S. domestic natgas production??
Clearly, Sec Wright is part of the new Trump “Cheerleading” Administration, rather than providing “Authentic” Energy policies that make sense.
Gonna be an interesting 4 years… LOL.
https://www.cnbc.com/video/2025/03/20/energy-secretary-wright-on-energy-dominance-pres-trump-was-elected-to-bring-some-common-sense-back.html
steve
This is Steve D' Angelo .
There is a saying '' In the kingdom of the blind , the one eyed man is the king " . What if the king is also blind ? The blind leading the blind . 🤣