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Started By
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re: Oil producers in a ‘dire situation’ and unable to ramp output, says Oxy CEO
Posted on 3/8/22 at 2:26 pm to frequent flyer
Posted on 3/8/22 at 2:26 pm to frequent flyer
quote:I'll add the labor side as well. A lot of hands have simply refused to return to the patch, despite the much higher pay on offer. No labor, no new rigs. It's just a fact. You can get mad at whoever you want to.
Tell me what supply chain issues are impacting exploration specifically.
1
Posted on 3/8/22 at 2:27 pm to ragincajun03
DRILL MOTHERfrickING DRILL BABY!!
Posted on 3/8/22 at 2:28 pm to Big Scrub TX
quote:
I'll add the labor side as well. A lot of hands have simply refused to return to the patch,
Typical government tit sucking Libs.
Posted on 3/8/22 at 2:40 pm to TBoy
quote:
But the decision of who serves on bank boards is not a decision for the central government. That is a feature of a free capitalist business environment.
If you don’t think the government and their policies have an effect on board appointments, you need to look deeper. The same puppeteers pulling the gov strings control the hedge funds and Wall Street.
This ESG nonsense was all politically driven and forced (albeit indirectly) by the government onto the corporations & they responded by appointing WOKE board members to appease the globalist gods…
Posted on 3/8/22 at 2:43 pm to ragincajun03
Put in 4 permits in the DW GOM ranging from a yr to 6 months ago. Haven't had movement on any so far.
Posted on 3/8/22 at 2:44 pm to ragincajun03
Jaxxton finna get an indoor practice facility in his back yard.
Posted on 3/8/22 at 2:45 pm to nugget
quote:
But a year ago, when the EO was signed, it would’ve. I see you ran to get more talking points after you read Ross’ comments. Look man, the whole world can see you people are in over your head. You took an economy that was artificially depressed due to COVID, and you shite the bed. All you had to do was get the frick out of the way and the economy would have went back to where it was. You pussies just took it as an excuse to regulate the private sector and grow the government. And the best part, you’ve inflated the currency so much that your “Black and Brown” constituents can no longer afford the life they had before all this.
Posted on 3/8/22 at 2:47 pm to Freedom75
quote:
I really, really, really wish they would stop mentioning the word "pandemic"....IT'S OVER PEOPLE.
They aren't talking about the current state of the virus, but rather the impact it has had on global supply chain that will be felt for years even if we have zero restrictions going forward.
Posted on 3/8/22 at 2:49 pm to ragincajun03
Dire situation = Record profits
Posted on 3/8/22 at 2:51 pm to Oilfieldbiology
quote:
Maybe not, but removing ESG activist investors from bank and private capital boards and allowing the banks to invest in and bank with O&G companies certainly would.
No one likes to talk about this. But it’s out there and making a big impact.
Posted on 3/8/22 at 2:55 pm to Tigerfan1274
Its making huge, horrible, very tangible impacts.
Posted on 3/8/22 at 2:57 pm to Geauxld Finger
Even at $7 a gallon, you can most likely buy several years of fuel for the price of an EV, increased home power costs aside.
Posted on 3/8/22 at 2:59 pm to Oilfieldbiology
quote:
Maybe not, but removing ESG activist investors from bank and private capital boards and allowing the banks to invest in and bank with O&G companies certainly would.
Ding. Ding. Ding!!
And that’s something the President should say in a speech, but he won’t.
Posted on 3/8/22 at 3:01 pm to TBoy
quote:
removing ESG activist investors from bank and private capital boards and allowing the banks to invest in and bank with O&G companies certainly would.
When the top energy companies can't get financing for capital projects (to increase production) because they aren't "green" enough...we reap what we sow.
These energy companies are not without fault either, some of these same activists sit on their boards also.
Posted on 3/8/22 at 3:01 pm to ragincajun03
quote:
“We’re in a really dire situation,” she said Tuesday at CERAWeek by S&P Global. “We’ve never faced a scenario where we need to grow production, when actually supply chains not only in our industry, but every industry in the world, is being impacted by the pandemic.”
U.S producers were largely expecting to keep production flat this year, and in the face of surging crude prices, output can’t just be ramped, Hollub said.
“Now, with supply chain challenges, it makes any kind of attempt to grow now — and at a rapid pace — very, very difficult,” she said.
Isn't this kind of the main reason for strategic reserves?
Do we not have those anymore? Seriously asking, because I don't know the answer.
Posted on 3/8/22 at 3:03 pm to nugget
quote:
But a year ago, when the EO was signed, it would’ve.
Nailed it. It’s not what the administration is doing right this second. The effects of the policies they put in place as soon as they took over are now being felt. And even if they would reverse everything today, it will be a long time for relief to get to the consumer.
Posted on 3/8/22 at 3:18 pm to ragincajun03
quote:
output can’t just be ramped, Hollub said.
Alright let's find a guy who has a can do attitude
Posted on 3/8/22 at 3:19 pm to ragincajun03
We’re gonna get stuck buying Iranian oil aren’t we?
Posted on 3/8/22 at 3:50 pm to jcaz
quote:
We’re gonna get stuck buying Iranian oil aren’t we?
Before it's all said and done, we'll stroke a check to the Ayatollah, Maduro, and Putin. All because a worshipped bartender from NY came up with something called "The New Green Deal".Posted on 3/8/22 at 3:52 pm to LegendInMyMind
quote:
Isn't this kind of the main reason for strategic reserves
We have released some of that oil. It’s not enough to really help
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