menu
Favorite team:New Orleans Saints 
Location:
Biography:
Interests:
Occupation:
Number of Posts:145
Registered on:4/16/2013
Online Status:Not Online

Recent Posts

Message
re: OPEC agrees to production cut - EngineerOnDemand
[quote]Domestic oil is heavily subsidized by the taxpayers.[/quote] Where did you get this ridiculous information from? Oil is one of the most competitive free markets in existence. It's purely based on a supply and demand curve which is why we have seen the huge swings in prices. In fact, we (th...
Posted on O-T Lounge
Jump to Post - View Topic - Replies (0)
re: OPEC agrees to production cut - EngineerOnDemand
Well I've seen royalties as low as 12.5% and as high as 33%. Oil severance taxes in TX I think are 4.6%. Add in 2.5ish% for ad valorem and your average is probably closer to an all inclusive 30%. Once again we are starting to splice. Another consideration is not many people get WTI pricing from a re...
Posted on O-T Lounge
Jump to Post - View Topic - Replies (0)
re: OPEC agrees to production cut - EngineerOnDemand
I was just ballparking it for people not in the field. I do think an average breakeven price for most producers is in that $40-45/bbl range. But I wanted to show the complexity....
Posted on O-T Lounge
Jump to Post - View Topic - Replies (1)
re: OPEC agrees to production cut - EngineerOnDemand
Yeah, they have much smaller vehicles and most don't commute far to work. They also use public transportation to avoid driving everyday to work. The kicker is just like everything else in the world, people adapt pretty well. Just like when gasoline was over $4/gallon, people thought a lot more about...
Posted on O-T Lounge
Jump to Post - View Topic - Replies (2)
re: OPEC agrees to production cut - EngineerOnDemand
Not a problem with the explanation. I have an issue with people and speculation that oil companies turn massive profits at the expense of the consumer. It's the most volatile industry from a commodities standpoint, which is why most oil companies are short sighted on returns. I do believe 60-65/bbl...
Posted on O-T Lounge
Jump to Post - View Topic - Replies (1)
re: OPEC agrees to production cut - EngineerOnDemand
We can talk about costs of getting oil from the ground to the refineries where most of the upstream companies are paid. I'll put a reasonable cost for a productive part of west Texas as an example in terms of $/bbl. Well costs are about $10/bbl to drill, complete and tie in. Taxes and royalties ...
Posted on O-T Lounge
Jump to Post - View Topic - Replies (3)
re: OPEC agrees to production cut - EngineerOnDemand
Greed? Tell that to the banks who are estimated to lose 70 billion dollars by 2019 because of bankrupt companies. In the US, $50/bbl oil won't allow many companies to survive. [link=(http://www.forbes.com/sites/christopherhelman/2016/05/09/the-15-biggest-oil-bankruptcies-so-far/#5a0b16cf739b)]F...
Posted on O-T Lounge
Jump to Post - View Topic - Replies (0)
re: OPEC agrees to production cut - EngineerOnDemand
I don't think you understand how hard it is to grow a million barrels a day. They could barely grow a million barrels a day in a couple years. The last time they grew production a million barrels a day in a couple years was over a decade ago when they had the lowest production rate since USSR days. ...
Posted on O-T Lounge
Jump to Post - View Topic - Replies (1)
re: OPEC agrees to production cut - EngineerOnDemand
I'm very sensitive. I may resort to my safe space....
Posted on O-T Lounge
Jump to Post - View Topic - Replies (1)
re: OPEC agrees to production cut - EngineerOnDemand
Not sure if I'll receive more up votes or down votes? I imagine I'm going to be hammered with the oil hate around here therefore the downs....
Posted on O-T Lounge
Jump to Post - View Topic - Replies (1)
OPEC agrees to production cut - EngineerOnDemand
Truck Nuts [on] off [link=(http://money.cnn.com/2016/09/28/investing/oil-surges-after-opec-informal-meeting/index.html)]OPEC Agrees to Production Cut[/link] in order to stabilize the market. ...
Posted on O-T Lounge
Jump to Post - View Topic - Replies (30)
re: Reminder: Make sure you have the best set-top box your TV provider offers - EngineerOnDemand
Does anyone know what the newest comcast DVR box model is? I have xfinity and they upgraded my additional boxes to the xiD, but my central box is the PC PX013ANM. I heard there was an initiative to have a 4K box or at least HDR box. I'm not sure where to see if mine will be updated to this or if it'...
Posted on Tech Board
Jump to Post - View Topic - Replies (0)
re: Finalists from Balloon Animal Competition - EngineerOnDemand
What a bunch of clowns....
Posted on O-T Lounge
Jump to Post - View Topic - Replies (0)
re: What country is considered the most "Peace-loving", lowest crime, place to live? - EngineerOnDemand
Another vote for Iceland. Heard they had a negative crime rate....
Posted on O-T Lounge
Jump to Post - View Topic - Replies (2)
re: Let the latest Taylor Swift rant begin. From DJ to Actor.. - EngineerOnDemand
I would say she's trying to keep it Loki, but she's not too good avoiding the tabloids....
Posted on O-T Lounge
Jump to Post - View Topic - Replies (0)
re: Exotic/Luxury Car Rental in NOLA? - EngineerOnDemand
I'm sure one of the OT baws will pony one up for you. At least one of their weekday rides......
Posted on O-T Lounge
Jump to Post - View Topic - Replies (0)
re: Do you even lift flow chart.. Do you? No. You don't. - EngineerOnDemand
I remember the first time I watched a Dom Mazetti video. I can't recall the last time I actually watched one though....
Posted on O-T Lounge
Jump to Post - View Topic - Replies (2)
re: Does anyone have any recommendations for buying euros while in the US? - EngineerOnDemand
I was able to get my euros through the local Wells Fargo. Luckily I have a mortgage with them so they didn't charge me for any fee. Plus, they had the best exchange rate I've seen. Thanks for all the help....
Posted on Travel Board
Jump to Post - View Topic - Replies (0)
re: Does anyone have any recommendations for buying euros while in the US? - EngineerOnDemand
Thanks for all the help everyone. I was able to get my exchange through Wells Fargo for a flat $7.50 fee since I'm not a client of any local bank. Thought it may be useful to others in the future as they were offering a near bank rate for the exchange at a nominal fee....
Posted on Travel Board
Jump to Post - View Topic - Replies (2)
re: Where can I get a TRUMP bumper sticker in BR? - EngineerOnDemand
[quote]Truck Nutz store[/quote] New edition... Trump Nutz......
Posted on O-T Lounge
Jump to Post - View Topic - Replies (1)