Yup

Green lawfare is out of control. In Canada it’s law

Still think the Permian gets to 260 by end June

At this point it crude oil in the US if f’d for a while The bigger question is the drop in rigs on NGLs Will give my thought soon but rapid decline rates and decimated prices is a problem.

Iran just need to drag things out. They of course will agree to any deal that allows them enrichment at any level then violate the agreement. By then, impotent Trump post midterm or later a new president.

Canadian production more likely driver.

FWIW this is 250kbpd of bitumen which is actual effect of 350kbpd of Canadian heavy. The condensate will be stored but more heavy will be offline than just the bitumen.

*US NUCLEAR DEAL OFFER ALLOWS IRAN TO ENRICH URANIUM: AXIOS Says the guy who tore up the JCPOA for that exact reason #TACOTrump

I am a fan.

Definitely lower than because license cancellation. May was lower than april

Punting out of 50% of crude length and put shorts from early April here. 3.00 more for the balance (assuming TACO on Iran)

#TACOTrump

Thats very memeworthy. Halliburton on Thursday when the OKC d shows up.

Good question

And prices getting wrecked to incentivize exports. As a result, producer netbacks wrecked too

Interesting