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  • Crude futures give up most of the gains  [View news story]
    This is a battle between KSA and Putin. If/when Putin agrees to move Assad out of Syria and reduce support for Iran then they will reach an agreement on production cuts. Until then we have to wait on Capex cuts to deepwater, arctic, and oil sands to impact the supply side. Or for a major disruption in the ME.
    Jan 13, 2016. 11:34 AM | 2 Likes Like |Link to Comment
  • Why EOG Resources May Get Crushed This Year  [View article]
    deepwater, arctic, and oil sands all are higher priced
    Jan 6, 2016. 04:51 PM | 3 Likes Like |Link to Comment
  • Rough start to year for crude oil  [View news story]
    my SUV sips gas compared to the outboards on the boat but I'm not into paddling out to the gulf stream
    Jan 5, 2016. 03:44 PM | 1 Like Like |Link to Comment
  • Iranian protesters ransack Saudi embassy  [View news story]
    air and naval blockade of Yemen by KSA precludes Iranian support so until Iran breaks that blockade Yemen is going to wither on the vine. I don't see Iran directly engaging with KSA forces to break the blockade until 0 gives them their billions and maybe not even then.
    Jan 4, 2016. 08:03 AM | 1 Like Like |Link to Comment
  • Iranian protesters ransack Saudi embassy  [View news story]
    their terms are not good and come with demands to have lot of work performed by unskilled companies owned by republican guard oligarchs.
    Jan 4, 2016. 07:59 AM | Likes Like |Link to Comment
  • Iranian protesters ransack Saudi embassy  [View news story]
    their contract terms were so harsh that they had no takers. reality bitch slapped the Republican guard oligarchs who were demanding large pieces of the pie. most deep pockets knew better to risk that kind of capital in that political situation
    Jan 4, 2016. 07:53 AM | Likes Like |Link to Comment
  • Iranian protesters ransack Saudi embassy  [View news story]
    depletion isn't the issue. water infiltration is the problem. and once the water pent rates the formation and establishes the pathways reducing the pumping won't help. when the water cut starts to increase they won't be able to handle it so pumping rates will have to be cut and oil volumes will be substantially reduced.

    wrt obozo, only an idiot would make that deal with a state sponsor of terrorism. give the religious lunatics enough $$ and they will be a nuclear power. KSA will buy nukes from Pakistan and sooner or later a martyr will gain control of one and detonate it. let's just hope that it's in the ME and not on some cargo vessel in NY harbor.

    and all those cheering his eo's will be squeezing like stuck pigs if/when a pub president uses executive orders and overreaching regulations to enact policies as far right as 0 is to the left. we live in dangerous times and have a congress unwilling to hold the executive branch in check. stay safe out there
    Jan 4, 2016. 07:44 AM | Likes Like |Link to Comment
  • Hess CEO sees $60 oil by the end of 2016  [View news story]
    Iranian infrastructure is not capable of handling additional volumes it is going to be at least 12 to 24 months before they can ramp up with any volumes of substance
    Dec 19, 2015. 01:29 PM | 2 Likes Like |Link to Comment
  • The C919 May Be A Bigger Threat To Boeing Than Anticipated  [View article]
    written like a Chinese government propaganda release
    Nov 26, 2015. 06:34 AM | 6 Likes Like |Link to Comment
  • Commodity rout deepens; oil braces for the $30s  [View news story]
    read clb third quarter conference call q & a towards the end. both ksa and Russia pumping beyond sustainable volumes and once water volumes increase they cannot be reduced by lowering production
    Nov 23, 2015. 03:32 PM | Likes Like |Link to Comment
  • Oasis Petroleum - Upside Waiting To Happen  [View article]
    Should be monetizing midstream assets soon for a nice capital infusion too.
    Nov 20, 2015. 03:45 PM | 1 Like Like |Link to Comment
  • Russia Is Not In Syria Just To Help Assad (Hint: Think Oil)  [View article]
    anti-aircraft weapons would change things but would also put those weapons in the hands of some people that don't mind using them on civilian aircraft. If I was flying to Israel that would make me very nervous.
    Oct 15, 2015. 02:27 PM | Likes Like |Link to Comment
  • Russia Is Not In Syria Just To Help Assad (Hint: Think Oil)  [View article]
    Large oil find in Golan Heights announced yesterday. Controlled by Israel but Syrian territory.

    350 M thick saturated source rock

    Will Putin run Israel out of Golan Heights for Assad?
    Oct 8, 2015. 11:20 AM | Likes Like |Link to Comment
  • Crude Oil: A Rest, But Not For Long  [View article]
    what was interesting is he said that if Russia and SA do not slow their pumping rates the formations will suffer irreparable harm in the form of water intrusion that once started cannot be dialed back by less oil pumping. the water volumes will stay high even when they cut back oil pumping thus raising their marginal cost to produce
    Sep 28, 2015. 04:40 PM | Likes Like |Link to Comment
  • U.S. Shale Oil: Wells Will Get Bigger  [View article]
    that doesn't fit his agenda though. he seems unwilling to recognize the concept of % recoverables per cubic foot of source rock and the fact that they are increasing.
    Sep 22, 2015. 10:32 AM | 2 Likes Like |Link to Comment