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1
Posted on 7/6/26 at 7:47 pm to stout
Call me when this happens. I’ll bring the beer and other sustenance.
Posted on 7/6/26 at 7:57 pm to Helo
quote:
Sounds like it is almost time to start filling the SPR.
Posted on 7/6/26 at 8:15 pm to stout
Kill the UN too for the trifecta!
Posted on 7/6/26 at 8:20 pm to Timeoday
quote:
OPEC is in a struggle for its survival. It could mean $40 oil - CNN.
My how quickly we pivoted from 200 dollar oil fear mongering
Posted on 7/6/26 at 8:51 pm to Timeoday
quote:someone able to briefly describe whats going on here?
keep the group together and send oil prices into the ground
quote:someone able to briefly describe whats going on here?
or drive profit higher and risk dismantling the nearly 70-year-old cartel.
Posted on 7/6/26 at 9:05 pm to Barneyrb
quote:
What's going to happen is there will be a price war between the Arabs and the rest of OPEC. The Arabs will try to maintain profits and then realize nobody else will and they will find the bottom at that time.
UAE is no longer part of OPEC. OPEC limited it to around1.1.5 million BPD but I can due 4 million standing on its head. That's where most of the drilling has been the last decade. A client leased a warehouse there for that reason.
Posted on 7/6/26 at 9:21 pm to Timeoday
All TRUMPS Fault.....LMAO
Posted on 7/6/26 at 9:23 pm to deltaland
quote:
My how quickly we pivoted from 200 dollar oil fear mongering
Weren’t/aren't you one of the frequent crybabies around here
Posted on 7/6/26 at 9:25 pm to stout
And I will be your tool helper!
Posted on 7/6/26 at 9:30 pm to HagaDaga
Always remember SA is in the catbird seat when it comes to ME oil.
Now, several ME nations need the immediate cash flow from increased production, which ultimately drives the cost down. A couple have left OPEC already, with a couple more seeing it as a strategy also . Hence, the return of a low barrel price.
SA is doing okay and does not need the increased production. So either the group stays together by lowering prices considerably or it dismantles because a few just want to increase profits by less production. Of course, SA could let them all feel the bottom by opening its spigots.
The ME is awash in oil right now and to save these reservoirs of oil, it must be produced. Now you understand who really had the leverage.
It was not Iran!!
Now, several ME nations need the immediate cash flow from increased production, which ultimately drives the cost down. A couple have left OPEC already, with a couple more seeing it as a strategy also . Hence, the return of a low barrel price.
SA is doing okay and does not need the increased production. So either the group stays together by lowering prices considerably or it dismantles because a few just want to increase profits by less production. Of course, SA could let them all feel the bottom by opening its spigots.
The ME is awash in oil right now and to save these reservoirs of oil, it must be produced. Now you understand who really had the leverage.
It was not Iran!!
This post was edited on 7/6/26 at 9:36 pm
Posted on 7/6/26 at 10:33 pm to Timeoday
Drilling all but stop in the USA. Cannot even breakeven at that price. More indies will go bankrupt like a 2014 and 2020. Since major oil and oilfield service companies pay for a lot of research that will not stop but instead of being able to afford PhD's R&D will be assigned to college students working on their masters. That was the last project funded for single wall carbon nanotube wire. A friend was lead of that team which made the first wire of this material. He designed the reactor as well. He was laid off then worked as an electrician. Shell and Baker Hughes were funding the R&D. in hope they could use it to make umbilicals for subsea power.stronger, lighrer weight and more efficient than copper cables.
Posted on 7/6/26 at 11:24 pm to CitizenK
quote:
Drilling all but stop in the USA. Cannot even breakeven at that price. More indies will go bankrupt like a 2014 and 2020. Since major oil and oilfield service companies pay for a lot of research that will not stop but instead of being able to afford PhD's R&D will be assigned to college students working on their masters. That was the last project funded for single wall carbon nanotube wire. A friend was lead of that team which made the first wire of this material. He designed the reactor as well. He was laid off then worked as an electrician. Shell and Baker Hughes were funding the R&D. in hope they could use it to make umbilicals for subsea power.stronger, lighrer weight and more efficient than copper cables.
If all of that happens before Winter, I guess I will be sitting at the house.
Posted on 7/7/26 at 2:35 am to deltaland
quote:
OPEC is in a struggle for its survival. It could mean $40 oil - CNN.
My how quickly we pivoted from 200 dollar oil fear mongering
It is the same with Global Climate change. It was Global Cooling and an Ice Age is near to Global Warming and Florida will be underwater in 50 years fear mongering.
Posted on 7/7/26 at 5:26 am to Timeoday
The cost to explore for and produce it will bring some of you to reality. Y'all sound like 1960s dumbass Democrats who wanted to keep the price cap on oil until we were dependent on imports.
Posted on 7/7/26 at 6:54 am to CDawson
Posted on 7/7/26 at 9:13 am to CitizenK
quote:
The cost to explore for and produce it will bring some of you to reality. Y'all sound like 1960s dumbass Democrats who wanted to keep the price cap on oil until we were dependent on imports.
You sound like a landman trying to convince me to sign a net royalty lease.
Posted on 7/7/26 at 9:19 am to Timeoday
Doesn’t Texas and SD need ~$70/barrel to survive?
Posted on 7/7/26 at 9:21 am to dstone12
quote:
Doesn’t Texas and SD need ~$70/barrel to survive?
I see you have been indoctrinated.
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