The phone’s ringing. It’s Polymarket.
You’ll never see $70 oil again.
- Thread starter Snagglefoot
- Start date
Is that who that was? Good to know. I blocked that number and reported them as spam as soon as they called 3 days in a row.
Owen Lucas
$100 Site Donor 2023
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I read sulphur prices have increased a lot because the ME is a major exporter.
China is rationing sulfuric acid and this will impact fertilizer shipments.
Either way, still better than being nuked by a regime that is intent on suicide waiting for the final imam.
As Americans, we are insulated from this relatively speaking and we'll be fine. All those sleeper cells and suitcase nukes...I figured they would have been used now if ones pope/president was vaporized.
Well some are saying Iran is now in a better position than before the war. I'm not buying the threat. I did at one time, but there is a reason why all past presidents said no to Netanyahu. To me this sounds extremely poorly planned coming off the high from VZ. Who knows at this point....
So many things use “oil” or oil derived products, including making EVs, but every mile someone drives on electricity moves that dependency away from oil/gas.
Oil will never go away. But if we build nuclear power plants and drive electric we will need to import so much less of it!
Oil will never go away. But if we build nuclear power plants and drive electric we will need to import so much less of it!
Owen Lucas
$100 Site Donor 2023
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I don't understand how some say they could be better off. We supposedly destroyed their navy, military installations, and imploded their known uranium enrichment facilities. Oh and the killing multiple generals and politicians part too.
There is certainly more to the story than any of us will ever know, for now, but I think they will be walking funny for a while.
Ideally we take out the regime but that's so bakedin to that society, that even those that want it gone, even if it were a majority, are too scared to do anything without the deeply ingrained police straight up killing them.
From what I've read we are waiting them out until their storage tanks are full and they have to shut down wells. That or they start pumping into the strait. IDK interesting to see what happens. I hope it wraps up soon. Gas prices don't bother me much but I don't want to see others hurting.
Now that we probably captured more intel, communications, and imagery, maybe a few more weeks of massive bombing raids and decapitation strikes and call it a day.
https://www.marketwatch.com/story/o...wave-of-attacks-between-u-s-and-iran-fbcdd5ed
This will all wrap up… any… day… now.
Maybe another round of bombs will do the trick
This will all wrap up… any… day… now.
Maybe another round of bombs will do the trick
GON
$175 Site Donor 2026
This is what I saw and paid a few minutes ago:
If the markets are free and void of barriers to entry and rigged games, energy in all forms will always be affordable.
Of note, I paid $4.69 at King Soopers in Castle Pines, CO yesterday, just 500 miles north of White Sands.
If the markets are free and void of barriers to entry and rigged games, energy in all forms will always be affordable.
Of note, I paid $4.69 at King Soopers in Castle Pines, CO yesterday, just 500 miles north of White Sands.
Unlikely.https://www.marketwatch.com/story/o...wave-of-attacks-between-u-s-and-iran-fbcdd5ed
Maybe another round of bombs will do the trick
The US rig count is currently 563, up 4 from the same time last year. Still cautious optimism. In a true boom the contractors start building new drilling rigs. I don’t believe that to be the case.
I have also not heard of anyone planning more drilling. Everyone still expecting this to be over "shortly".
4wd
$50 site donor 2026
I don’t know if that’s the metric it once was. Many are tracking horizontal feet/day and lots of new ways to measure progress. … Companies like H&P have automated rigs that are so efficient that they don’t need as many units - plus they are constantly refurbishing and upgrading in both the digital and mechanical space …
Of course with frac backlogs - that’s another piece of the puzzle we didn’t have 20 years ago …
Peak active rig count was 2014 - the start of the shale revolution - at 1400, when horizontal was really taking off. 563 is still pretty low even if there more efficient. Are they 3X as efficient?
Peak rig count was in the late 70's and was like 4000 active rigs.
The modern wildcatters drilled gobs of holes in the late twenty teens. They wirelined them, plugged them, and moved on. They weren't in great positions to produce them. Those companies sold to companies like PDC / Pioneer, who then got bought by Chevron / Exxon - who absolutely are the best in the world at producing full cycle.
So for the last 5 years or so we have had super major oil finishing and producing from holes drilled years ago. I doubt the 563 rig count is even replacing depleted wells let alone increasing production.
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