To show that drilling is concentrated in W. Texas, the graphic below shows where and how many rigs are running today. The “Permian” Basin shows to have more than half of all rigs today. Texas has 2/3rd of all rigs and they are producing mostly horizontal “unconventional” “liquids rich” oils – in other words, the oil is light… Read More »
After gasoline prices falling for weeks, that reversed with rise of 20¢ or more since July lows. But as I write mid-October oil prices have fell after the OPEC+ meeting to reduce production in the Middle East and Russia. This move is less than it appears in my opinion. OPEC is anticipating that the economy will go into… Read More »
The German word for cloudy windless winter days when neither solar nor wind are helping sustain the energy grid in Europe is Dunkelflaute – literally, “dark doldrums” or “dark lull”. A period in winter when the weakness of solar and wind become painfully clear. Also clear is that Europe is gaslighting themselves by not drilling their own gas,… Read More »
There are no extreme weather events that are outside the norm to be expected. Models predicted the coral whitening, yet today here, now…the coral extent around Australia is at an all time high. So the models predicted wrong. And the corals have went through this cycle for years. Wildfires are a fraction that of the 19th century in… Read More »
Almost all applications to the Arkansas Oil & Gas commission from the Fayetteville Shale were asking to extend shut in wells as temporarily abandoned, supposedly because prices were too low. With the highest prices in 15 years, that is no excuse. Today the Arkansas Oil & Gas Commission meets as I write this. They undoubtedly will rubber stamp… Read More »
An electric motor is about twice as efficient as a gas engine. Diesel engines are somewhat more efficient than gas but heavier as well. A typical 4 cyl engine weighs about 300#. A Tesla battery weighs 1200#. Also, the less efficient AC motor is in some E cars whereas the Model 3, for example, has a DC motor.… Read More »
I cannot believe the president…wait a minute, yes I can believe the president is stupid enough to think his policies are not directly impacting oil prices…and that somehow the fix is to release the SPR… I have news about that reserve…. (from Oilprice.com) Meanwhile back at the WH Ranch…the White House was preparing to release up to 1… Read More »
Conditioned response was the forte of Pavlov and his dogs. Contrary to belief, the dogs didn’t slobber when they heard a bell. It was a metronome or an electrical shock they got. Today America is force-fed the notion that “climate change” which used to be called “global warming” is a given. Further more, it is a given… Read More »
Facing high gasoline and gas prices and this idiot we call a president did what just because he lost in court? The Biden Administration has delayed or stopped work on federal oil and gas leases and permits following a court ruling that struck down the Administration’s “social cost of carbon” metric to account for climate risk when holding… Read More »
Oil prices have skyrocketed and supply chain issues and the Biden administration’s war against petroleum is backfiring big time. We will likely see $100/bbl. oil by the middle of spring. And the American consumer is being hammered. Part of this is the sudden ramping up of demand but states like Colorado as well as Federal lands are scaring… Read More »