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   PoliticsPeak Oil reality or Myth, of an out of Control System


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From: dvdw©12/11/2019 7:58:42 AM
of 1481
 
Vaca Muerta field sets record for longest

spglobal.com

CVX and XOM seem to be on top of this...or at least in the thick of it.

Many of the same constraints we follow in all the USA shale fields, remain to be solved in Argentina.

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From: dvdw©2/2/2020 9:07:30 AM
of 1481
 
This RBN piece discusses the evolution of a System. Having been remiss in updating every milestone to date, its time to see how the moving parts have been assembled to secure for the DJ Basin a sustainable role in the big picture for USA energy.
rbnenergy.com

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To: dvdw© who wrote (1466)2/4/2020 12:21:04 PM
From: richardred
of 1481
 
SNIP>keep drilling costs relatively low. IMO that's key now that currently the world is awash in oil and OPEC is under pressure.

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To: richardred who wrote (1467)2/4/2020 8:24:27 PM
From: dvdw©
of 1481
 
That piece got my juices flowing again. Have been out of oil for several years, looking for those kind of numbers and now things are looking investable again.

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To: dvdw© who wrote (1468)3/8/2020 9:06:22 PM
From: dvdw©
of 1481
 
Oil prices are about to drop, maybe big time....do some Due Diligence and you will agree.

This is good for consumers, get ready to stalk some dips.

One of many stories setting the stage. Egos, big ones are on the line...
finance.yahoo.com

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To: dvdw© who wrote (1469)3/9/2020 1:38:10 AM
From: robert b furman
of 1481
 
Hi dvdw,

Here is the best description I've seen about fracing by the Pros.

EXXON INvestor Day Presentation (starts about 1 hour in):

globalmeet.webcasts.com

Bob

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From: dvdw©3/17/2020 11:23:25 AM
of 1481
 
Up to Date article on storage of oil at sea and Cushing OK. includes some info on rates.
yahoo.com

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From: dvdw©3/18/2020 11:47:49 AM
of 1481
 
Bringing this over here from the Big Dogs thread. Its a all written piece not bloviation, characterizing the shift we predicted some years ago. High oil prices were always and only a blessing to producers self interest. Remember Hugo blathering about rightful price of 150 to 300?

What a joke.

Now one can envision prices at the pump under 1.00, for brief periods of time.

Countries that have diversified economic bases welcome this change. Russia hopes according to the piece, that shale will disappear....and it could....but for how long can they hold their breath?

Shale production may wane, fields will change hands, production could be interrupted. That too shall pass.

Enjoy the show folks. The groundwork is now complete.
Message 32613982

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From: dvdw©3/29/2020 10:29:52 PM
of 1481
 
General article to match the current trend. Pricing, Supply, and Falling Demand.

yahoo.com

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To: dvdw© who wrote (1473)3/30/2020 6:21:30 AM
From: dvdw©
of 1481
 
This article has more detail about the demand side, which imo is the near term key factor going forward.
yahoo.com

Duly noted are the rates for VLCC ships to store offshore barrels has skyrocketed putting some estimates at 100 million barrels into an already bloated storage system.

While performing my daily morning observation of the sky, its noted that over a 2 hour period there was Zero air traffic over head. The last time that condition happened was immediately following 911.

Also noted is that there is a grade of Wyoming oil used for asphalt that has fallen to minus .19 cents per barrel which says exactly that the producer will pay the buyer .19 cents to take away its excess supply,

There must be some sharp arbs sharpening their knives in consideration of that one.

Asphalt is a well used commodity whose demand is not subject to lockdown mechanics, like jet fuel and gasoline.

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