I’m shocked.

Prices + weather routinely result in shut-ins up there, so basin downtime is no surprise I do wonder if Hamm is posturing a bit amidst the seasonality (not fun running rigs there in the winter). I support the message though Spaced up a whole county (Divide) to do nothing w it?

When you just bought a significant amount of tier 3-4 acreage (“option value”), are about to have to justify it to your PE sponsor, and oil hits $100.

👀

After seeing all the oil market discourse over the course of the last couple of days, one thing has become abundantly clear: None of you energy tourists are cut out to be oilmen. Your livelihood’s cash margins wiped in half by factors out of your control? That’s called Tuesday.

This is how disconnected the rest of the world is from the actual logistics of US shale production. This # of trucks relates to less than ONE SINGLE WELL. 100k followers, well-versed in global logistics…no perspective on what a massive manpower effort a single well represents.

This is the sort of undeniably retarded idea that only those with an abject lack of higher order thinking and/or a complete misunderstanding of the oil complex would think is brilliant. Unfortunately, that applies to both this 110k follower guy and many others (politicians too?)

Wonder how many US operators’ standard 1-6 month oil purchase contracts tied solely to paper markets (NYMEX WTI + Roll) are being rethought right about now…

As the recent father of a little girl, with only boys previously, I’ve been informed that my parenting style will need to shift from what is primarily a nightly wrestlemania reenactment to, apparently… “not that”.

The words “massive flexibility” and an honest assessment of the pre-Iran reality of the world’s global oil exploration, production, refining, transportation, and consumption picture do not belong in the same book, let alone the same sentence. Educate yourself. 💅

BREAKING: Myself reportedly briefed that the people selling this oil futures market are probably gay.

I had completely forgotten this one. A classic. Glad to see the GPT2 boy being remembered. He was so far ahead of his time.

Congratulations to Secretary Chris Wright for discovering he still has at least half of one testicle remaining somewhere in there…

Respect the sentiment here, as a member of a volatile industry that always needs to protect existential risk (and will never get bailed out). But for major airlines you have the government bailout put. Prob just need to exhibit a modicum of prudence to be tagged as a “good” one.