Called one of my old oil field buddies, who like me, is 74 and still working alongside another of my buds (the 3 of us went to grad school together), and we were talking about the future of oil and gas. Gas is hopeless. The nation has a huge glut of it and it was actually below $2… 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 »
My friends with OKT Resources, out of Edmond, Oklahoma made a prediction that I have thought about and agree with. Namely, there were 4,900 drilling rigs in 1981. We got down to some 700 or less rigs by 1999. Where were the rest? Scrap metal or parts for salvage. Was it the worse rigs that were taken out… Read More »
Several years ago World Oil magazine fired an editor for running editorials from Art Berman, one of a few oil field experts who claimed the Emperor had no clothes and the value of shale gas and shale oil plays were vastly over-rated. Art has continued to vet the “unconventional revolution” with his petroleum truth blog, http://www.artberman.com/blog/ . Meanwhile,… Read More »