I was hoping to get this cabinet post and am truly mule lipped I didn't.
I've been at this oil thing a very long time and made lots of money at it. People occassionally look to me for advice (save internet experts) for many things, such things as... should I send my kids to college to learn petroleum engineering, or even geology? I have always said to these many people... geology, better hydrology, and let them learn about everything to do with water. The oil era is over.
The transition to renewable transportation fuel is now been set back 2 decades and we only have 3-5 more years of affordable oil left in America. Sorry, but that dickhead Harold Hamm has a lot more to do with Trump's energy policies than imaginable. And none of it has to do with the long term energy security of America.
I would now advice all my many stripper well operator friends to hang on for dear life, just a few more years, and you will be good to go as this drill baby, drill bull shit is going to indeed drain America first, as fast as possible, and in 3-5 years the tight oil sector will be done. Stick a fork in it.
Now, with this cabinet pick, I am sure of it. This dude will be wanting to frac everything that isn't nailed down.
Anybody out of debt, with a bunch of 5 BOPD stripper wells will be in tall cotton in 4 years. Hang on like your life depends on it; $125 oil here we come.
The future is NOT now, its in the future.
Hi Mike.
As soon as I saw the news of this cabinet pick and who the advisers were/are, I just waited for your comments. Could have written that myself as I listen well.
Just got a piece of 450 wells and a renewed career doing just as you recommend, wearing a dozen hats. Will have to flex physical and mental muscles and will do so with pride and passion.
It would have been great if someone like Elon who is a genius could have had Trumps's ear to tell him that drill baby drill is just hopium and hopium in his world doesn't get rockets off the pad; science and engineering do. There are no Harold Hamms in the space business; praise God.
Gotta go. Might be missing quite a bit going forward. It's really, really oily where I'm headed!