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blu

blu
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  • The Future For Fracking [View article]
    The reason for communities not being "convinced" is simple. The media and environmentalists have used their age old fear tactics to influence the undereducated. If it's not flames from a faucet, earthquakes, or water shortages, then the media will find a way to dramatize the situation in a negative manner. The truth of the matter is that these anti-hydrocarbon fanatics will stretch the truth and lie to get their point at the forefront of the public. They believe that if you tell a lie often enough, it will become a fact. All the communities you write about have been fed a load of crap and as a result are afraid of the new technology.
    Apr 11 03:39 PM | 2 Likes Like |Link to Comment
  • The Future For Fracking [View article]
    Please define "immense amounts of water". Relative to what? This is more of the econut argument that is used to stop fracking. More water is wasted (evaporates) from crop irrigation than will ever be used in fracking. As a percentage of water available, fracking use consumes a tiny amount. Yes, there is a drought in Texas and water is precious. However, there are many other uses of water that should be curtailed before its use for fracking is curtailed.
    Apr 10 11:49 AM | Likes Like |Link to Comment
  • U.S. Crude Oil, Shale Oil Supply Alters Oil Markets And Opportunity [View article]
    It should be noted that over 16,000 wells have been drilled in the Barnett and only 512 of them produced over 2 BCF and only 74 of those reached 3 BCF. When the play was hot, the hype was for 4+ BCF per well, and money was being sucked into the play like tornado vacuuming up a hay field. The Barnett has, and does, provide a lot of production, however the cost of the wells combined with the huge number of wells makes other plays more attractive and brings to question the economics of such. The problem is discerning if the new plays are over-hyped like the Barnett was. It is amazing how much money gets thrown at these in such a short period of time. I guess it's the American way.
    Apr 8 05:30 PM | Likes Like |Link to Comment
  • U.S. Crude Oil, Shale Oil Supply Alters Oil Markets And Opportunity [View article]
    Wells that are fracked to the magnitude used in these shale plays will normally have very steep decline curves. It is like blowing up a balloon and releasing it. The economics are such that you must hope the flush production will recover your enormous costs of this type well, and the remaining "tight" production will be adequate to satisfy those who "ponied up" the cash to make it all happen. The Barnett Shale of North Central Texas is a great example. It was a red hot play that quickly evaporated when only a small percentage of the wells remained commercial after the initial "fart in the wind". Perhaps technology will find better fracking techniques that will sustain production for a little longer. Right now, I stay away from pay zones that require such huge frack jobs. At $95/bbl conventional vertical wells are very economical, stable, and you don't have to sweat rapid depletion.
    Apr 7 04:39 PM | 2 Likes Like |Link to Comment
  • The Recent WTI Oil Price Rise Is Likely To Be Short-Lived [View article]
    I certainly was not insulting you. I appreciate your effort to study and write an article. I just happen to believe the instability in the ME is going to be a continuing influence on prices and that the US and some of the rest of the world will come out of this terrible economy we have now. Both of these factors have huge influences in a tight oil market. Hope it's ok to have a different opinion.
    Feb 12 12:10 PM | 2 Likes Like |Link to Comment
  • The Recent WTI Oil Price Rise Is Likely To Be Short-Lived [View article]
    Not a mention in the entire article about something we call "demand". (I think it is a factor, too.)
    Nor any mention about the nightmare that is unfolding in most of the Middle East.
    I don't think I'll be shorting, but thanks for the article.
    Feb 11 05:26 PM | 2 Likes Like |Link to Comment
  • President Obama: Lift The Ban On Crude Exports [View article]
    I agree in regard to the balance of trade benefit. I like your idea about the president wanting to keep oil prices high.. and allowing exports would effect domestic prices. There is no question the industry will remain the whipping boy.
    Dec 11 12:02 PM | Likes Like |Link to Comment
  • President Obama: Lift The Ban On Crude Exports [View article]
    It's not just Keystone. It's restriction of federal lands, EPA interference within our industry, and opposition to a proven safe technology (fraccing)...The ethanol issue became so obviously ignorant the administration had no choice but to back off.
    Dec 11 11:55 AM | Likes Like |Link to Comment
  • President Obama: Lift The Ban On Crude Exports [View article]
    To even consider the possibility of this president doing anything to help any part of the oil and gas industry is laughable.

    He hates hydrocarbons. Period.

    Enjoyed the article a bunch, though.
    Dec 9 05:55 PM | 2 Likes Like |Link to Comment
  • Energy Inventories Rise More Than Expected [View article]
    We have surging production in the lower 48 and inadequate infrastructure to move product to the most efficient and profitable locales. The congestion is costing us much more than what we benefit from savings of temporary lower product prices. Eventually the market will correct this (if government stays out of the way).
    Nov 27 12:56 PM | 1 Like Like |Link to Comment
  • The World Just Got A Lot More Dangerous: Buy Oil Now [View article]
    Interesting read. I wonder about Saudi's ability to lower world prices at present. If this becomes a frustration for the Saudis then they will be even more desperate.
    Appreciate your time and thoughts... generates lots of "what ifs?"...
    Nov 27 10:49 AM | 1 Like Like |Link to Comment
  • Bristol Myers Squibb And The New Wave Of Cancer Drugs [View article]
    That is terrific news... I am on a twelve week cycle for scans and MRIs as well. I go back the first week of Jan... That will be my five year anniversary since diagnosis and surgery... Praying this Obama mess doesn't screw up my insurance...I have purchased my own for years... so I am exposed to the possibility of being dropped... Not good.
    Oct 28 03:32 PM | Likes Like |Link to Comment
  • Bristol Myers Squibb And The New Wave Of Cancer Drugs [View article]
    William, thanks for posting your success. I am stage IV kidney cancer patient at MD Anderson in Houston. Presently on a targeted therapy drug called Votrient... have been stable the past six months, but my oncologist says I am eligible for a clinical trial with one of the PD-1 vaccines once the Votrient stops working (as we know it will).
    Hope your September scans were clear again...Stay optimistic, I am!
    Oct 22 01:34 PM | Likes Like |Link to Comment
  • Record Speculation On Crude [View article]
    The market will take care of itself... bet on it however you like. I'll darn sure be a buyer IF it gets back to $90....
    Jul 23 02:31 PM | Likes Like |Link to Comment
  • The Arrival of Japan's Sunset [View article]
    Enjoyed the information, Mac!
    Feb 28 05:46 PM | Likes Like |Link to Comment
COMMENTS STATS
217 Comments
491 Likes