61

Let’s not discount the next juicy germ scare quite yet. We still have 18 years left of the GWoP. :wink:

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62

When?

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=emm_epm0_pte_nus_dpg&f=m

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https://www.msn.com/en-us/money/markets/nyc-gas-prices-hit-8-year-high-topping-4-a-gallon/ar-AAUBlxM

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65

Several months.

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66

if break even for tight oil is $37 (or there abouts), the shale east of the rockies would be a good bet, and one of the largest oil reserves in the world. though i’m uncertain what kind of dumbassed green restrictions brandon would impose making it unnecessarily more expensive.

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Shale oil varies in BEP from a low of about $30 to a high of about $70, depending on where you are. The lowest BEP is in the Permian which I guess is east of the Rockies but I’m not sure if you were thinking of that.

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there is much more than just the permian

https://www.google.com/search?q=us+shale+oil+reserves&rlz=1CAHKDC_enUS908&sxsrf=APq-WBsdn5p--9PHQD_kcOG-NTwdC3Qflg:1646657796629&tbm=isch&source=iu&ictx=1&vet=1&fir=An7PLYHqQxkOoM%252CYL0-ZtcJghkKyM%252C_%253BBk0RdcsyrhpzEM%252CCHaHFVlaVYiCsM%252C_%253BSWWobws_nSl2HM%252CcBsOu2Ut8g7ogM%252C_%253B71-qQP0u4WZYVM%252CYodbn-anMEbu-M%252C_%253Bq7jN63uP4wz_0M%252CTFqc49u5y9HB0M%252C_%253Bz_PcE1eo93KyOM%252Cu9C00laJ05GLGM%252C_%253BcfcsrGFHcYRMmM%252CdodxaDfStoOHvM%252C_%253BmNLaUATDdmoxKM%252CnLCsQcUDdBGA4M%252C_%253BhgZ1iil5B_rcDM%252Cjyo976jNd6tsoM%252C_%253BLMJnfqzj1cUzmM%252CIdXUm94XIrQI7M%252C_&usg=AI4_-kSJTCUF7LQZySo-U433IM4114sYyA&sa=X&ved=2ahUKEwivgaOohrT2AhX0mHIEHTRgAFEQ9QF6BAhKEAE#imgrc=SWWobws_nSl2HM

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That’s true but most cost more to extract and with less prolific wells.

There is a reason the Permian dominates rig count in the US. Colorado is nothing by comparison.

70

When?

71

Instead of arguing about it, here is the rig count. Proof is in the numbers as TX/NM rigs account for almost 2/3 of all rigs in the US. Permian extends from Texas into NM.

That’s where we have the most play in production.

https://rigcount.bakerhughes.com/static-files/82a455fc-d080-473e-9c65-0aadcf24ba29

72

Already answered.

73

Adam does not like to be told he may be incorrect. Heremindsd me that he is smarter than I.

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@Adam is not “wrong”. He’s being selective. And protective.

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75

He may be reading the tea leaves differently. He may be smarter the everyone.

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76

But if Putin stays put in Ukraine and the Cold War is on again, oil prices could put a lot more areas in play, no?

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77

Yes, given time. But think about it from an investors viewpoint. You have a choice to invest in Arctic drilling where cost to drill is about $75/bbl. Current price is over $100/bbl so it looks attractive. Time from exploration, development to first oil in the Arctic would probably be a few years as you have to drill some exploration and appraisal wells in order to see how to develop. At best, you won’t see production for two years.

So now you are banking on the price of oil staying well above $75/bbl for the next two years. Are you confident that will happen? Would you bet millions on that being the case? You may want to check the historical price to see how it fluctuates.

The longer price stays high, the more confidence oil companies will have that it will stay that way over the timeframe they need.

78

Let me also add another solution for European gas shortages and their reliance on Russian gas.

Turn Groeningen back on. Pay to move people or repair structures.

79

Brandon flirting with the Saudis again?

1 Like
80

Do you want lower gas prices or not?

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It’s not about discussion or solutions. Just wants to say Brandon a lot.