711 Rigs still running in the US right now. 28 going in Canada.
Whiting Petroleum has filed for bankruptcy protection, 30mmbbl of production, looks like the dominoes are starting to fall.
711 Rigs still running in the US right now. 28 going in Canada.
Whiting Petroleum has filed for bankruptcy protection, 30mmbbl of production, looks like the dominoes are starting to fall.
and...all of that went into storage.This quote is hidden because you are ignoring this member. Show Quote
Everything I say is satire.This quote is hidden because you are ignoring this member. Show Quote
Yep. Mericans still pounding out the production.
"The most merciful thing in the world, I think, is the inability of the human mind to correlate all its contents... some day the piecing together of dissociated knowledge will open up such terrifying vistas of reality, and of our frightful position therein, that we shall either go mad from the revelation or flee from the light into the peace and safety of a new Dark Age."
-H.P. Lovecraft
I few Americans I still talk to daily feel that "recovery" is coming next week. I cannot understand that mentality.This quote is hidden because you are ignoring this member. Show Quote
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Whiting petroleum just went bankrupt. Many more to come in the next two weeks.
https://business.financialpost.com/c...e-collapse/amp
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They expect the world to allow them to produce.This quote is hidden because you are ignoring this member. Show Quote
Anyone ever volunteer for a pay cut to keep from getting laid off? Am I fucked????? I Feel like Im fucked.
They definetly feel that if anyone should shut in it is "someone else". They belive in infinite growth of 'mer-cah.This quote is hidden because you are ignoring this member. Show Quote
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I volunteered for other stuff.This quote is hidden because you are ignoring this member. Show Quote
Everything I say is satire.This quote is hidden because you are ignoring this member. Show Quote
Some estimates that long term the USA has lost the ability to ever produce at 13 million barrels a day. I don't know about that, but even if it's true, is that a big problem?
Really, 2 million or so fewer barrels mean the remaining ones are much more valuable.
Edit: added article : https://ca.finance.yahoo.com/amphtml...203000620.html
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Believe me, i'll blow the entire management team.
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Butt stuff?This quote is hidden because you are ignoring this member. Show Quote
Got word from a friend last week that Chevron was racking at least 3 rigs in the Permian but likely many more. They were supposed to ramp up in June and drill forever.
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The smartest companies are the ones that cut the most rig fastest.This quote is hidden because you are ignoring this member. Show Quote
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Far more going on than just meets the eye (isnt that always the case with large scale events?)
https://www.stalkerzone.org/russias-...e-petrodollar/
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"Stalker zone is anti capitalist, anti war, anti liberal"The Vatican says the coronavirus was created in a “laboratory in a powerful and wealthy country
Last edited by The_Rural_Juror; 04-01-2020 at 08:15 PM.
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The thing is those wells as so quick to hammer out. They can shed a lot, have tons of bankruptcies and slow down then as soon as oil spikes up companies will pop up and start flowing again.This quote is hidden because you are ignoring this member. Show Quote
Some of them made off well:This quote is hidden because you are ignoring this member. Show Quote
That is so fucking shady.This quote is hidden because you are ignoring this member. Show Quote
Someone is going to Jail for that.