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Please, Blake if it were reversed, you'd be me and I'd be,,,you?
tee, hee.
Yeah, that's what simpletons remember.
Please, Blake if it were reversed, you'd be me and I'd be,,,you?
tee, hee.
Oil Dips as Inflation Adds to Concerns Over Demand Destruction
https://www.bloomberg.com/news/artic...ing-huge-slump
For this asshole and similar assholes, simpleton is a compliment.
For this asshole and similar assholes, simpleton is a compliment.
https://www.dailymail.co.uk/news/art...ower-boss.htmlEnergy bills to hit £3,000 in October, warns Scottish Power boss who fears 10M homes will be unable to afford heating this winter
no quick fix for this
Citi says oil should be around $70 as demand drops and recession looms
https://markets.businessinsider.com/...s-brent-2022-6
Rock, Ol Joe, Hard Place
manchin finally starting to realize that its pointless to negotiate with terrorists
Scoop: Manchin's bipartisan energy talks crumble, paving way for Democrat-only deal
The quick fix is to kick all our do-nothing-politicians out of office and tear the red tape up on all those damn regulations. It'll at least fix our energy crisis and you know it will because it's been proven true a few yrs back.
tick tock
and green energy tax credits
IEA predicts that the supply oil will fall short of demand next year as well.
At a similar price per barrel of oil, gasoline was around 3 bucks a gallon, now it's five bucks.
https://oilprice.com/Energy/Energy-G...This-Week.htmlLooking at OPEC+’s own production targets, the group has not been producing at agreed levels for months. At the Middle East and North Africa-Europe Future Energy Dialogue in Jordan, UAE’s Al Mazrouei said that OPEC+ was running 2.6 million barrels a day short of its production target. That means a potential shortage in the market, which could increase even further if internal turmoil causes further production decreases. For July-August, OPEC+ agreed to increase output by another 648,000 bpd, which would mean that the total output cut during COVID-19 pandemic of 5.8 million bpd has been restored. Whether or not OPEC+ is able to reach that level in the coming weeks remains very uncertain.
Pressure will build in the coming days, as Al Mazrouei’s remarks seem to rebuke claims of a spare capacity shortage, but as always “where there is smoke, there is a fire”. A possible spare production capacity shortage, or non-availability at all, combined with an expected force majeure of Libya’s NOC in the Gulf of Sirte, and a suspension of Ecuador’s oil output (520,000 bpd) in the coming days due to anti-government protests, are likely to lead to an oil price e.
There is still some optimism in markets about a real demand-supply crunch, as high inflation levels and a possible global economic slowdown could lead to lower demand. Until now, however, that optimism has not materialized at all, demand is still increasing, even though gasoline and diesel prices are breaking historical price levels. The re-opening of the Chinese economy, a natural gas shortage globally, and higher temperatures in the coming weeks, combined with the normal peak in demand due to the US and EU driving season, all look set to push oil prices higher.
There is no quick-fix solution to the current oil market crisis, even the lifting of sanctions on Venezuela or Iran will not result in substantial volume increases. At the same time, increased Western political interference in the already struggling market will hit volumes too. The growing call in the USA, UK, and EU, to put a windfall tax on oil and gas companies will not only constrain further investments in upstream but will also lead to higher prices at the pump. Consumers are not going to feel any positive price effects and can expect steadily increasing energy bills in the coming months.
^^^^^^^^^
Please!!!
President Trump: $2.19 a gallon.
Fake President Biden: $5.00 a gallon.
Germany ed up.
Germany found out.
Germany gonna find out again come winter.
According to Rystad Energy analysis, global recoverable oil now totals an estimated 1,572 billion barrels, a drop of almost 9% since last year and 152 billion fewer barrels than 2021’s total. Recoverable oil corresponds to the industry term “remaining technically recoverable crude oil and lease condensate”, i.e. expected volumes including fields, discoveries and risked future discoveries.
The drop in reserves is driven by the 30 billion barrels of oil produced last year, plus a significant reduction in undiscovered resources, to the tune of 120 billion barrels. The US offshore sector has contributed the largest total to that drop, where 20 billion barrels of oil will remain in the ground, largely thanks to leasing bans on federal land.https://www.rystadenergy.com/newseve...ergy-security/Looking at the longer-term picture, Rystad Energy has updated our estimates for total undiscovered oil from 1 trillion barrels in 2018 to 350 billion barrels in our latest report, due to a rapid collapse in investor appe e for exploration exposure, leading to fewer government leases
Americans Prepare For $10 Gas
JP Morgan says crude could rise to $380 a barrel,
if Russia takes revenge against the West for its participation in the war in Ukraine.
Oil prices at $380 would push gas prices above $10 a gallon, and perhaps toward $15.
https://247wallst.com/energy-busines...re-for-10-gas/
& if I were Putin I'd do precisely that.
European Union Labels Natural Gas and Nuclear Energy "Green" Wednesday, July 6, 2022 The European Parliament has now "endorsed labeling some gas and nuclear energy projects as 'green.'" This designation will now enable these energy projects to have "access to hundreds of billions of euros in cheap loans and even state subsidies."
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