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Gus007
Member since Jul 2018
4861 posts

re: Why do Dems hate the oil industry?
quote:

Oil is a finite substance. It will eventually run out. Is that enough detail for you..?




So we need to conserve so the elite will have petroleum for centuries?
Its obvious the environmental screamers are getting rich/power from their message.
Bernie, Hillary, Obama, Gore continue to live as if there is an unlimited supply?



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cwill
Member since Jan 2005
44989 posts

re: Why do Dems hate the oil industry?
quote:

The natural gas industry has done pretty well


Wat?


Errerrerrwere
LSU Fan
Member since Aug 2015
29690 posts

re: Why do Dems hate the oil industry?
quote:

Oh and btw where is all the benefits from that solar company Barry bankrolled to give us clean energy?


I shite you not; I believe that company was having problems running a toaster!


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supatigah
LA-Lafayette Fan
Sheriff of Banned Town
Member since Mar 2004
79637 posts

re: Why do Dems hate the oil industry?
quote:

We have no idea how much is economically recoverable...the shale rev has largely been an exercise in uneconomic recovery of oil reserves.


True based on current tech, but that tech is constantly improving

Stupid money blindly investing at high points is still stupid money

Natural gas consumption, Petrochemicals and derivatives will drive the industry as power generation and transportation tech shifts

But I feel like you know all of this



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Colonel Flagg
New Orleans Pelicans Fan
Baton Rouge
Member since Apr 2010
18767 posts

re: Why do Dems hate the oil industry?
quote:

quote:
Just let the market solve the problem.


With O&G bankruptcies in the shale world skyrocketing, the market seems to be deciding.


The market is not saying no to the dependence on oil and natural gas. It is saying there has been a technology shift in oil and gas which has changed the game.


Errerrerrwere
LSU Fan
Member since Aug 2015
29690 posts

re: Why do Dems hate the oil industry?
quote:

the shale rev has largely been an exercise in uneconomic recovery of oil reserves.


$65/ barrel everyone is happy.


supatigah
LA-Lafayette Fan
Sheriff of Banned Town
Member since Mar 2004
79637 posts

re: Why do Dems hate the oil industry?
I am in production and midstream/pipelines

Perhaps I am seeing a different view point than you are


cwill
Member since Jan 2005
44989 posts

re: Why do Dems hate the oil industry?
quote:

It is saying there has been a technology shift in oil and gas which has changed the game.


Hasn’t made money. Great we can produce oil and gas and lose money, so what does the quote even mean?


cwill
Member since Jan 2005
44989 posts

re: Why do Dems hate the oil industry?
quote:

I am in production and midstream/pipelines


I don’t know where you’re seeing a healthy NG industry. Name a shale gas producer kicking ass, generating FCF.


Korkstand
LSU Fan
Plaquemine, LA
Member since Nov 2003
20380 posts

re: Why do Dems hate the oil industry?
quote:

What’s sad is they don’t realize that Nearly everything they do and everything they touch comes from the petrochemical industry.
iPhones to soy latte containers to vinyl and plastic in their hybrid speed bump little cars. They are cutting off their nose to spite their face.
It’s laughable.
It is very useful, and all of this is a strong argument against burning it all up.


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USA
Member since 2001
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cwill
Member since Jan 2005
44989 posts

re: Why do Dems hate the oil industry?
quote:

$65/ barrel everyone is happy.


I’m fricking ecstatic...but the overall venture is still a massive loss.


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Colonel Flagg
New Orleans Pelicans Fan
Baton Rouge
Member since Apr 2010
18767 posts

re: Why do Dems hate the oil industry?
quote:

Hasn’t made money. Great we can produce oil and gas and lose money, so what does the quote even mean?


The market has to stabilize around the current technology.


Darth_Vader
Auburn Fan
A galaxy far, far away
Member since Dec 2011
48227 posts

re: Why do Dems hate the oil industry?
Dems hate literally everything that actually benefits America. This has been true since the late 60s & early 70s when the process of progressives (Really communists) began taking over the party. Let the down votes from progressive sheep rain down. But your downvote doesn’t change the fact deep down you know I’m right.


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cwill
Member since Jan 2005
44989 posts

re: Why do Dems hate the oil industry?
quote:

The market has to stabilize around the current technology.


No it hasn’t. The plays are shrinking and the bankruptcies are stacking. Consolidation is only occurring at the large cap and majors level because the mid and small caps are a complete shite show. FB’s market cap is larger than the entire upstream O&G equities combined.
This post was edited on 10/17 at 11:02 pm


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supatigah
LA-Lafayette Fan
Sheriff of Banned Town
Member since Mar 2004
79637 posts

re: Why do Dems hate the oil industry?
So you are critical because investment groups bought in to a gold rush, drove the prices of everything up and now they can’t make money? And you doubt that the industry can sustain itself once the dumb money leaves and the long game players have a normalized market to work in? Similar thing happened in the housing market and it rebounded (with massive government intervention to prevent collapse).

Increased American manufacturing, reliance on American production and a modernizing infrastructure are good signs of a rebounding economy

There are massive gas plants and infrastructure still being built in historic down markets. Those of us left in production and midstream have cut to the bone, and we are making money. The economic rebounds come around and those of us in the long game will be fine. The pipeline system is a highway, we are always going to put product in those highways. When the external forces and dumb money are behind us, the industry will level off. Covid and the Russia/Saudi war sped up the process of cleaning up the over leveraged PE mess here. That isn’t necessarily a bad thing.

SLB sold their US Frac businesses, to stop the bleeding, they didn’t scrap them. They also retained significant portions of the Ops of the buyer, to see where the new normal is and if they want back in.



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41
TigerCruise
Missouri Fan
Virginia Beach, VA
Member since Oct 2013
11008 posts

re: Why do Dems hate the oil industry?
Democrats want to funnel money and especially government subsidies into green technologies because they are mostly owned by Democrats.

How much has Al Gore made on renewable?

The market should dictate when we switch from fossil fuels to renewables, not the government.


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GumboPot
USA Fan
tigerdroppings.com Elite Member
Member since Mar 2009
82413 posts

re: Why do Dems hate the oil industry?


supatigah
LA-Lafayette Fan
Sheriff of Banned Town
Member since Mar 2004
79637 posts

re: Why do Dems hate the oil industry?
I work in the chemicals business, we are owned by a massive Euro conglomerate

We had a horrific 2016, then three record years in 17/18/19

Even in 20 we have cutback, got more efficient and are making money

Revenues are down but EBITDA is rock steady

We are one of a handful of business units in our company that has shown organic YOY growth.

Cwill is right in what he is saying, there is always a bottom then a climb back up to normal. I am 48 and can remember 5 busts in my lifetime. Three catastrophic. The hope is we learn our lessons and don’t make the same mistakes again




TigerCrude
LSU Fan
Member since Oct 2019
605 posts

re: Why do Dems hate the oil industry?
So many dems work in the oil industry. It pisses me off.
This post was edited on 10/17 at 11:52 pm


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NineLineBind
LSU Fan
LA....no, the other one
Member since May 2020
1383 posts

re: Why do Dems hate the oil industry?
quote:

What’s sad is they don’t realize that Nearly everything they do and everything they touch comes from the petrochemical industry.
iPhones to soy latte containers to vinyl and plastic in their hybrid speed bump little cars. They are cutting off their nose to spite their face.
It’s laughable.
BTW, I live in Lake Charles and there is no frickn way solar and wind power could do the clean up and repairs here.


This is so true. Oil isn’t just about energy, it’s about products we all use everyday. From synthetic clothing, containers, all the way down to the makeup that chics cake on their face. Can you picture Nancy Pelosi au naturale?


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