All Discussions Tagged 'TheWhiteHouse' - GoMarcellusShale.com2024-03-29T10:24:06Zhttps://gomarcellusshale.com/forum/topic/listForTag?tag=TheWhiteHouse&feed=yes&xn_auth=noAnalysis: Things are flat in the Permian, and there's a push for renewables in Santa Fe by Dr. Daniel Finetag:gomarcellusshale.com,2019-02-01:2274639:Topic:7925682019-02-01T15:11:22.893ZBob Perkinshttps://gomarcellusshale.com/profile/BobPerkins
<p>The full article is here-> <a href="https://www.daily-times.com/story/money/industries/oil-gas/2019/01/27/analysis-things-flat-permian-governor-wants-renewables/2595583002/" rel="noopener" target="_blank">https://www.daily-times.com/story/money/industries/oil-gas/2019/01/27/analysis-things-flat-permian-governor-wants-renewables/2595583002/</a></p>
<p>"The Permian-Delaware Basin rig count should start falling as oil operators, large and small, are flat for 2019.…</p>
<p>The full article is here-> <a href="https://www.daily-times.com/story/money/industries/oil-gas/2019/01/27/analysis-things-flat-permian-governor-wants-renewables/2595583002/" target="_blank" rel="noopener">https://www.daily-times.com/story/money/industries/oil-gas/2019/01/27/analysis-things-flat-permian-governor-wants-renewables/2595583002/</a></p>
<p>"The Permian-Delaware Basin rig count should start falling as oil operators, large and small, are flat for 2019.</p>
<p class="speakable-p-2 p-text">Spending has been sharply reduced as supply now dominates the A.I. (Artificial Intelligence) used by many commodity traders in oil. </p>
<p class="p-text">The large or integrated oil companies have all the rigs of 2018 in place for 2019. This would make October the price peak of the latest boom or recovery in oil. Permian-Delaware Basin production would decline at least 500,000 barrels in 2019 to offset the supply glut and stabilize at $50 per barrel.</p>
<p class="p-text">OPEC members, notably Saudi Arabia, need a fiscal price of oil of $85 per barrel to pay for government and social spending. But at $60 per barrel, cash flow will not make it.</p>
<p class="p-text">Its new public relations-lobbying in the U.S will require Sovereign Wealth Fund borrowing at market rates, which will be higher mainly because of U.S Senate sanctions over the murder of a Saudi journalist writing for the Washington Post. </p>
<div class="partner-placement partner-spike ad-gray-border ad-notice ad-paramount-inline partner-placement-visible" id="ad-position-54"><div class="ad-slot" id="ad-slot-7103-nm-farmington-C1279-native-article_link-money-6"><div id="google_ads_iframe_7103/nm-farmington-C1279/native-article_link/money_0__container__">This writer forecast a 2019 $50 per barrel average price of oil when prices fell to $43.00 last month. </div>
</div>
</div>
<p class="p-text">At the same time, many small and independent producers have break-even at $50 with high-interest debt!</p>
<p class="p-text">There are Chapter 11 bankruptcies valued at $140 billion from the Panhandle in Texas to the San Juan Basin that resulted from the OPEC -Saudi Arabian price and market share war of 2014-2016 against Southwestern small/independent shale and tight sands producers who now want reparations or damages."</p> Analysis: What's next for oil and gas prices after Putin-Trump summit? by Dr. Daniel Fine (Energy Magazine USA TODAY-Farmington Daily Time)tag:gomarcellusshale.com,2018-07-23:2274639:Topic:7830622018-07-23T03:13:58.799ZBob Perkinshttps://gomarcellusshale.com/profile/BobPerkins
<p class="speakable-p-1 p-text">The full article is here-> <a href="https://www.daily-times.com/story/money/industries/oil-gas/2018/07/20/oil-and-gas-prices-after-putin-trump-summit-analysis/808906002/">https://www.daily-times.com/story/money/industries/oil-gas/2018/07/20/oil-and-gas-prices-after-putin-trump-summit-analysis/808906002/</a></p>
<p class="speakable-p-1 p-text">The opposition in Congress wants to see a transcript of what President Donald Trump and Russian President Vladimir…</p>
<p class="speakable-p-1 p-text">The full article is here-> <a href="https://www.daily-times.com/story/money/industries/oil-gas/2018/07/20/oil-and-gas-prices-after-putin-trump-summit-analysis/808906002/">https://www.daily-times.com/story/money/industries/oil-gas/2018/07/20/oil-and-gas-prices-after-putin-trump-summit-analysis/808906002/</a></p>
<p class="speakable-p-1 p-text">The opposition in Congress wants to see a transcript of what President Donald Trump and Russian President Vladimir Putin talked about for two hours alone. No doubt some of that time was spent discussing OPEC and the price of oil.</p>
<p class="speakable-p-2 p-text">This is above all an issue now for the first time in world petroleum history because Russia has become part of OPEC in the agreement to manage world supply of oil and, indirectly, its price.</p>
<p class="p-text">OPEC and Russia produce almost half of the supply of world oil. At full capacity, and spare capacity added in, they would be slightly over 50 percent. For now, OPEC plus Russia is the world price-setter for oil.</p>
<p class="p-text">Shale and tight oil, mainly from the Southwest and North Dakota, along with conventional oil production in the United States, should account for 12 percent later this year if prices stabilize.</p>
<p class="p-text">This was the reality of talk between Putin and Trump.</p>
<div id="module-position-RCbpdD_uRKA" class="story-asset gallery-asset"><div class="card-film inactive"></div>
<div class="companion-story-gallery js-llc companion-story-gallery0"><div class="gallery-sidebar-panel"><div class="gallery-sidebar-toolbox share-pane social-pane"><span class="util-bar-flyout-nav-btn-wrap"><a class="util-bar-flyout-nav-btn util-bar-flyout-nav-btn-linkedin gallery-util-bar-flyout-nav-btn" href="http://www.linkedin.com/shareArticle?url=https://www.usatoday.com/picture-gallery/news/politics/2018/07/16/trump-putin-summit-kicks-off-in-helsinki/36899803/&mini=true" target="_popup"></a></span></div>
<div class="title gallery-sidebar-title selected">Trump-Putin summit kicks off in Helsinki</div>
<div class="gallery-sidebar-fullscreen"><a href="https://www.daily-times.com/#" title="Fullscreen" class="fullscreen gallery-viewport-fullscreen-link"><span class="meta-fullscreen"> </span></a></div>
<div class="companion-galleries-partner-slot"></div>
</div>
<div class="companion-galleries embedded_story hasendslate galleries"><div class="viewport gallery-viewport"><div class="slide gallery-viewport-slide horizontal active"><div class="gallery-photo-border"><img class="gallery-photo horizontal gallery-photo-first" alt="Russian President Vladimir Putin and U.S. President" src="https://www.gannett-cdn.com/-mm-/042e1bc91877239846a90341f12786c8987f71aa/c=291-0-2769-1863/local/-/media/2018/07/16/USATODAY/USATODAY/636673235747767106-AFP-AFP-17Q12R.jpg?width=520&height=390&fit=crop"/><div class="buy-photo-btn"></div>
<div class="gallery-viewport-meta meta"><div class="caption gallery-viewport-caption">Russian President Vladimir Putin and U.S. President Donald Trump shake hands before a meeting in Helsinki. <span class="credit gallery-viewport-credit">Brendan Smialowski, AFP/Getty Images</span></div>
</div>
</div>
</div>
</div>
</div>
</div>
</div> Dr. Daniel Fine: No such thing as 'free trade' with OPEC as a carteltag:gomarcellusshale.com,2018-05-29:2274639:Topic:7791022018-05-29T22:32:56.606ZBob Perkinshttps://gomarcellusshale.com/profile/BobPerkins
<p>"</p>
<p class="speakable-p-1 p-text">Among some speakers at the 2018 Four Corners Oil and Gas Conference last month in Farmington there were evasive positions on the future of OPEC. Also, previous online or media positions of “free trade” were muted to be popular with the oil, gas and equipment operators who made up those in attendance. </p>
<p class="speakable-p-2 p-text">There is no “free trade” with OPEC as a cartel, either with assigned member production quotas or with the current…</p>
<p>"</p>
<p class="speakable-p-1 p-text">Among some speakers at the 2018 Four Corners Oil and Gas Conference last month in Farmington there were evasive positions on the future of OPEC. Also, previous online or media positions of “free trade” were muted to be popular with the oil, gas and equipment operators who made up those in attendance. </p>
<p class="speakable-p-2 p-text">There is no “free trade” with OPEC as a cartel, either with assigned member production quotas or with the current maximization of revenue strategy led by Saudi Arabia. If you hear free traders saddling up with current higher prices and OPEC, run for cover. </p>
<p class="p-text">On Thanksgiving 2014, OPEC and Saudi Arabia refused to reduce oil production volume and entered a market share offensive against non-OPEC high cost oil producers in shale and tight sands. </p>
<p class="p-text">This was a glut, or oversupply, of world oil but it was a chance to put San Juan oil just then — with rising production in the Gallup Sand — out of business. This was only reversed through the Algiers Meeting and agreement among OPEC members by cartel anti-free trade supply and demand manipulation. </p>
<div class="partner-placement partner-spike partner-placement-visible" id="ad-position-176"><div id="ad-slot-7103-nm-farmington-C1279-native-article_link-money-178" class="ad-slot"><div id="google_ads_iframe_7103/nm-farmington-C1279/native-article_link/money_0__container__"><div class="tlod"><div class="tl-unit-mid-article tltpvclass_88744"><div class="plr-rr__content"><div class="plr-rr__above_title">STORY FROM ADOBE</div>
<div class="plr-rr__content__title plr-long tl-heading">Local goes a long way.</div>
<div class="plr-rr__below_title plr-rr__sponsored-by">See more →</div>
</div>
<div class="plr-img"><img src="https://img.3lift.com/?width=93&height=93&url=%2F%2Fimages.3lift.com%2F4158122.jpg&logo_exclude=&v=16&logo=%2F%2Fimages.3lift.com%2F3467522.gif&logo_x_pct=3&logo_y_pct=3" class="ggnoads"/></div>
</div>
</div>
</div>
</div>
</div>
<p class="p-text">President Trump captured this with his position that something was “artificial” about the price and supply of OPEC oil. Internal changes in the ruling House of Saudi Arabia, coupled with its power over OPEC, raised the price of world oil at least temporarily within the historic cycle of the industry.</p>
<p class="p-text">Some Republicans oppose Trump and published or spoke against his opposition to OPEC. which is also connected to higher oil prices for consumers who might be voters. OPEC members had no problem with a hypocritical response to let the market work. Not only is there no free market making oil prices, but oil and gas operators do not make markets any longer. Commodity traders have replaced them since the 1980s. </p>
<div class="partner-outstream"></div>
<p class="p-text">Only three years ago, when OPEC/Saudi Arabia had deviated from its role of supporting the world price of oil through supply volume strategy, Harold Hamm of Continental Resources called for smashing OPEC to protect independent and non-super major producers in New Mexico, Oklahoma, Texas and North Dakota." The complete article is here-> <a href="https://www.daily-times.com/story/money/industries/oil-gas/2018/05/27/if-free-traders-saddle-up-higher-oil-prices-and-opec-run-cover/615999002/" target="_blank" rel="noopener">https://www.daily-times.com/story/money/industries/oil-gas/2018/05/27/if-free-traders-saddle-up-higher-oil-prices-and-opec-run-cover/615999002/</a></p>