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1
Posted on 4/1/25 at 8:57 am to CitizenK
Do you realize that all the major oil producers of the world collude together to keep oil price at a steady rate to mutually ensure they all get wildly rich?
Posted on 4/1/25 at 8:57 am to CitizenK
We can just use our own and tariff everyone else’s. frick the open market…we have enough for ourselves.
Posted on 4/1/25 at 8:57 am to CitizenK
OPEC has lost control of global oil.
Posted on 4/1/25 at 8:58 am to LSUtoBOOT
That's really kind of true.
Posted on 4/1/25 at 9:01 am to N2cars
quote:
That's really kind of true.
‘Twas fracking killed the beast.
Posted on 4/1/25 at 9:03 am to LSUtoBOOT
PTL.
Posted on 4/1/25 at 9:07 am to CitizenK
June 2024 article is totally relevant to today's global macro supply conditions in March 2025. It's not like the O&G upstream production landscape ever abruptly changes.
I would prefer if you could publish an article right now for October 2025 that describes the status of the stock market at that time.
Thanks
I would prefer if you could publish an article right now for October 2025 that describes the status of the stock market at that time.
Thanks
Posted on 4/1/25 at 9:07 am to Klark Kent
I love this country, just can't stand the lying pos running it. 
Posted on 4/1/25 at 9:10 am to CitizenK
Did you actually read the article?
So they will increase their production by 300,000 BPD. The US was producing 13.4 million BPD. I love how people who have no idea what they are talking about have such strong opinions.
World oil production is just under 82 million BPD. A 0.3 million change over 3 years will just cripple all the other oil producers
quote:
We adjusted the production capacity from 13 million barrels per day to 12 million bpd. However, in 2025, we will have an incremental increase. We will have a bigger incremental increase in 2026 and 2027. And then we will go back to our 12.3 million bpd
So they will increase their production by 300,000 BPD. The US was producing 13.4 million BPD. I love how people who have no idea what they are talking about have such strong opinions.
World oil production is just under 82 million BPD. A 0.3 million change over 3 years will just cripple all the other oil producers
Posted on 4/1/25 at 9:13 am to TT9
quote:
just can't stand the lying pos running it.
mmmhmm. mmmhmm
what is this person lying about exactly?
give us a moderate, non-TDS take.
Posted on 4/1/25 at 9:15 am to CitizenK
Cheap gas means lower prices for consumers on almost every product.
Posted on 4/1/25 at 9:15 am to CitizenK
WTI is currently trading at $71.68/bbl and CME is showing volume on the June 2027 contract at $64.46/bbl for what its worth, markets dont seem to be fazed
Posted on 4/1/25 at 9:16 am to CitizenK
Don’t understand why you’re so happy. While I hate being gouged - I also hate what less drilling from US companies brings - hard times to Houston and the energy sector as a whole. And this includes Louisiana. I’d rather not rely on untrustworthy middle eastern countries and get our oil right here. You don’t like American companies making money but would rather those Saudi princes?
Posted on 4/1/25 at 9:16 am to Thundercles
quote:
Do you realize that all the major oil producers of the world collude together to keep oil price at a steady rate to mutually ensure they all get wildly rich?
not sure if serious or not but this is absolutely not the case, as seen in the oil crash of 2014 - 2021
i mean oil literally went negative (-$40/bbl) April 2020
This post was edited on 4/1/25 at 9:18 am
Posted on 4/1/25 at 9:18 am to notiger1997
NM, I was beaten to the punch.
This post was edited on 4/1/25 at 9:19 am
Posted on 4/1/25 at 9:19 am to SDVTiger
quote:
This is just like how you said the Cuck of Kiev shot down 800 russian pilots by himself
Posted on 4/1/25 at 9:23 am to CitizenK
Your mom is still open for drilling
Posted on 4/1/25 at 9:25 am to mdomingue
I talked to my buddy Tommy Norris and told me it don't mean dick. He's fracking down in the Permian, so i think he knows.
Posted on 4/1/25 at 9:25 am to CitizenK
quote:
Saudi Arabia is about to open the spigots to regain market share. This impact prices for crude oil. Expect more oil from Canada (cheaper to produce than US) and drilling here to all but cease.
Drill Baby Drill = increase supply to lower prices.
You really thought Drill Baby Drill meant poking more holes in the ground in West Texas?
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