The primary reason in that article is important to note: investor pressure
a publicly traded company has a strong obligation to maximise shareholder returns no matter what industry it’s in, as once you are doing things that doesn’t benefit shareholders you get replaced by a CEO who will. After a decade of getting hammered in the market, you cannot make the case that spending all those profits now is good for investors. If oil is projected to remain high for 5–10 years, then yes.
when those projects go online in 5-10 years, prices will be low again probably. Capital spending has to take into account anticipated oil prices when a project is online, not today.
I guarantee you if Exxon or Chevron spent 20 billion today to drill you wouldn’t see that oil for years. 2015-2020 oil was on average in the 40 dollar range so it’s not like they were going to drill more then either as they were busy paying dividends to shareholders which they had to otherwise they leave since the returns were crap.
If you want to blame anything, blame the low prices for 7-8 years as that’s part of why we are where we are. This problem would be way less if oil was75 a barrel that whole time as drilling and exploration budgets would have been maintained
The primary reason in that article is important to note: investor pressure
a publicly traded company has a strong obligation to maximise shareholder returns no matter what industry it’s in, as once you are doing things that doesn’t benefit shareholders you get replaced by a CEO who will. After a decade of getting hammered in the market, you cannot make the case that spending all those profits now is good for investors. If oil is projected to remain high for 5–10 years, then yes.
when those projects go online in 5-10 years, prices will be low again probably. Capital spending has to take into account anticipated oil prices when a project is online, not today.
I guarantee you if Exxon or Chevron spent 20 billion today to drill you wouldn’t see that oil for years. 2015-2020 oil was on average in the 40 dollar range so it’s not like they were going to drill more then either as they were busy paying dividends to shareholders which they had to otherwise they leave since the returns were crap.
If you want to blame anything, blame the low prices for 7-8 years as that’s part of why we are where we are. This problem would be way less if oil was75 a barrel that whole time as drilling and exploration budgets would have been maintained
Investors are part owners of the company and if they see that the end goal of maximizing their returns is more important than financial stability to the rest of the world that speaks to me that the oil companies are the problem, or at least how they are administered.
As I stated in a previous comment, why are oil companies pulling in record profits during a time of crisis? It seems that profits can still be made albeit at a lower rate while reliving the rest of us non stock holders that are purchasing the product that fuels the profit machine. How many capped wells can be uncapped? Sure that will take time but it is something. Doing nothing and saying we have to be conservative so we can maximize shareholder profits is just blame shifting.
The primary reason in that article is important to note: investor pressure
a publicly traded company has a strong obligation to maximise shareholder returns no matter what industry it’s in, as once you are doing things that doesn’t benefit shareholders you get replaced by a CEO who will. After a decade of getting hammered in the market, you cannot make the case that spending all those profits now is good for investors. If oil is projected to remain high for 5–10 years, then yes.
when those projects go online in 5-10 years, prices will be low again probably. Capital spending has to take into account anticipated oil prices when a project is online, not today.
I guarantee you if Exxon or Chevron spent 20 billion today to drill you wouldn’t see that oil for years. 2015-2020 oil was on average in the 40 dollar range so it’s not like they were going to drill more then either as they were busy paying dividends to shareholders which they had to otherwise they leave since the returns were crap.
If you want to blame anything, blame the low prices for 7-8 years as that’s part of why we are where we are. This problem would be way less if oil was75 a barrel that whole time as drilling and exploration budgets would have been maintained
Investors are part owners of the company and if they see that the end goal of maximizing their returns is more important than financial stability to the rest of the world that speaks to me that the oil companies are the problem, or at least how they are administered.
As I stated in a previous comment, why are oil companies pulling in record profits during a time of crisis? It seems that profits can still be made albeit at a lower rate while reliving the rest of us non stock holders that are purchasing the product that fuels the profit machine. How many capped wells can be uncapped? Sure that will take time but it is something. Doing nothing and saying we have to be conservative so we can maximize shareholder profits is just blame shifting.
A time of crisis is unrelated to me
i distinctly remember discussing this in 2014 with my wife who is in oil and gas.
the takeaway was this: budgets get cut, we don’t invest, prices meet or exceeds 2014 levels in a decade. We spend more, then prices crash again and we do it all over again.
it was pretty spot on. Maybe a bit accelerated due to COVID but the fact she was sure means it’s extremely predictable
the concept of smoothing out prices so this doesn’t happen would be possible if everyone was in OPEC. Because that’s not the case chronic over production alternating with under production happens. Based on investment, not starting and stopping wells. Wells decline in yield over time so you need more wells to even maintain past production, and even more to increase it. When you see “production is down “ it’s usually because the well is declining and they haven’t drilled more, not that they are stopping wells to get that decrease.
If you want to know why you can’t cap and uncap wells, that’s in the stock market thread. But generally no, you can’t just turn wells on and off
Imagine having the ability to be able to lower gas prices and not just to maximize profits.
Everyone should friggin walk to work for the next month.
Ummmm....that is literally every product
But yes, I see what you are saying.
OPEC in the past has been willing to increase supply to help things. This time around we got nothing from anyone, lol.
The positive side of this is that it should make a strong case for expanding renewables and green energy so we are less dependent on the whims of supplier nations and Big Oil when it comes to energy prices.
Imagine having the ability to be able to lower gas prices and not just to maximize profits.
Everyone should friggin walk to work for the next month.
Ummmm....that is literally every product
But yes, I see what you are saying.
OPEC in the past has been willing to increase supply to help things. This time around we got nothing from anyone, lol.
The positive side of this is that it should make a strong case for expanding renewables and green energy so we are less dependent on the whims of supplier nations and Big Oil when it comes to energy prices.
So about that... Power companies spent 3 billion dollars on land rental for renewables here on the coasts of NY/NJ. Those companies need to see a return so don't get excited on cheaper energy in the future unless you have your own windmill.
Imagine having the ability to be able to lower gas prices and not just to maximize profits.
Everyone should friggin walk to work for the next month.
Ummmm....that is literally every product
But yes, I see what you are saying.
OPEC in the past has been willing to increase supply to help things. This time around we got nothing from anyone, lol.
The positive side of this is that it should make a strong case for expanding renewables and green energy so we are less dependent on the whims of supplier nations and Big Oil when it comes to energy prices.
So about that... Power companies spent 3 billion dollars on land rental for renewables here on the coasts of NY/NJ. Those companies need to see a return so don't get excited on cheaper energy in the future unless you have your own windmill.
Imagine having the ability to be able to lower gas prices and not just to maximize profits.
Everyone should friggin walk to work for the next month.
Ummmm....that is literally every product
But yes, I see what you are saying.
OPEC in the past has been willing to increase supply to help things. This time around we got nothing from anyone, lol.
The positive side of this is that it should make a strong case for expanding renewables and green energy so we are less dependent on the whims of supplier nations and Big Oil when it comes to energy prices.
So about that... Power companies spent 3 billion dollars on land rental for renewables here on the coasts of NY/NJ. Those companies need to see a return so don't get excited on cheaper energy in the future unless you have your own windmill.
Imagine having the ability to be able to lower gas prices and not just to maximize profits.
Everyone should friggin walk to work for the next month.
Ummmm....that is literally every product
But yes, I see what you are saying.
OPEC in the past has been willing to increase supply to help things. This time around we got nothing from anyone, lol.
The positive side of this is that it should make a strong case for expanding renewables and green energy so we are less dependent on the whims of supplier nations and Big Oil when it comes to energy prices.
So about that... Power companies spent 3 billion dollars on land rental for renewables here on the coasts of NY/NJ. Those companies need to see a return so don't get excited on cheaper energy in the future unless you have your own windmill.
I guess there is no winning when it comes to energy unless you are a shareholder.
Imagine having the ability to be able to lower gas prices and not just to maximize profits.
Everyone should friggin walk to work for the next month.
Ummmm....that is literally every product
But yes, I see what you are saying.
OPEC in the past has been willing to increase supply to help things. This time around we got nothing from anyone, lol.
The positive side of this is that it should make a strong case for expanding renewables and green energy so we are less dependent on the whims of supplier nations and Big Oil when it comes to energy prices.
I agree with that.
Once prices go down, SUV sales skyrocket though. Happens every time. American consumers are no better than oil companies in contributing to the boom and bust cycles
No one is buying a Prius at 2.00 a gallon, at 5.00 they do (generally).
Getting people on board with renewables regardless of energy prices should be the goal as long term it’s always up. Our house is funded by oil and gas and we use zero power from the grid so it’s not an either/or thing. If we were some large institutional shareholder of oil and gas then it might be different, but we aren’t
Imagine having the ability to be able to lower gas prices and not just to maximize profits.
Everyone should friggin walk to work for the next month.
Ummmm....that is literally every product
But yes, I see what you are saying.
OPEC in the past has been willing to increase supply to help things. This time around we got nothing from anyone, lol.
The positive side of this is that it should make a strong case for expanding renewables and green energy so we are less dependent on the whims of supplier nations and Big Oil when it comes to energy prices.
So about that... Power companies spent 3 billion dollars on land rental for renewables here on the coasts of NY/NJ. Those companies need to see a return so don't get excited on cheaper energy in the future unless you have your own windmill.
About that…
The energy companies pretty excited to move to renewables. Reduced operational costs due to reductions in plant maintenance, upkeep, and labor. Xcel Energy is moving very fast to expanded solar operations. They can get a solar field up and operational in a few months. To maintain one of their solar fields only requires a handful of people, whereas they need 100s of people working 24-7 to keep a coal-fired/gasified plant running.
I’ve been a part of a government run committee looking at addressing the impacts of closing coal-fired plants in MN. People not familiar with renewables are quite shocked when they start discussing the opportunities to redeploy workers into those areas, and the labor folks start laughing. Basically, if you can plug an electric cord into an outlet, operate a socket wrench, and clean off surfaces of dirt or snow, you can be a solar field tech. Also the pay is significantly less, like a lot. The energy companies aren’t moving towards renewables to save the planet, their doing it to save boatloads of money.
Imagine having the ability to be able to lower gas prices and not just to maximize profits.
Everyone should friggin walk to work for the next month.
Ummmm....that is literally every product
But yes, I see what you are saying.
OPEC in the past has been willing to increase supply to help things. This time around we got nothing from anyone, lol.
The positive side of this is that it should make a strong case for expanding renewables and green energy so we are less dependent on the whims of supplier nations and Big Oil when it comes to energy prices.
So about that... Power companies spent 3 billion dollars on land rental for renewables here on the coasts of NY/NJ. Those companies need to see a return so don't get excited on cheaper energy in the future unless you have your own windmill.
About that…
The energy companies pretty excited to move to renewables. Reduced operational costs due to reductions in plant maintenance, upkeep, and labor. Xcel Energy is moving very fast to expanded solar operations. They can get a solar field up and operational in a few months. To maintain one of their solar fields only requires a handful of people, whereas they need 100s of people working 24-7 to keep a coal-fired/gasified plant running.
I’ve been a part of a government run committee looking at addressing the impacts of closing coal-fired plants in MN. People not familiar with renewables are quite shocked when they start discussing the opportunities to redeploy workers into those areas, and the labor folks start laughing. Basically, if you can plug an electric cord into an outlet, operate a socket wrench, and clean off surfaces of dirt or snow, you can be a solar field tech. Also the pay is significantly less, like a lot. The energy companies aren’t moving towards renewables to save the planet, their doing it to save boatloads of money.
I always like to point to California when it comes to solar and wind. They have an abundance of it and have fucked it up every step of the way. Ask anyone who lives out there.
I would like to see it improve and get better but like I said, even though renewables are lest costly the companies will still be looking to make maximum profits and recoup costs.
Then we as a government need to force these renewables like batteries, solar panels, to be recyclable. I get angry when I start thinking about it, sorry...
Imagine having the ability to be able to lower gas prices and not just to maximize profits.
Everyone should friggin walk to work for the next month.
Ummmm....that is literally every product
But yes, I see what you are saying.
OPEC in the past has been willing to increase supply to help things. This time around we got nothing from anyone, lol.
The positive side of this is that it should make a strong case for expanding renewables and green energy so we are less dependent on the whims of supplier nations and Big Oil when it comes to energy prices.
So about that... Power companies spent 3 billion dollars on land rental for renewables here on the coasts of NY/NJ. Those companies need to see a return so don't get excited on cheaper energy in the future unless you have your own windmill.
About that…
The energy companies pretty excited to move to renewables. Reduced operational costs due to reductions in plant maintenance, upkeep, and labor. Xcel Energy is moving very fast to expanded solar operations. They can get a solar field up and operational in a few months. To maintain one of their solar fields only requires a handful of people, whereas they need 100s of people working 24-7 to keep a coal-fired/gasified plant running.
I’ve been a part of a government run committee looking at addressing the impacts of closing coal-fired plants in MN. People not familiar with renewables are quite shocked when they start discussing the opportunities to redeploy workers into those areas, and the labor folks start laughing. Basically, if you can plug an electric cord into an outlet, operate a socket wrench, and clean off surfaces of dirt or snow, you can be a solar field tech. Also the pay is significantly less, like a lot. The energy companies aren’t moving towards renewables to save the planet, their doing it to save boatloads of money.
I always like to point to California when it comes to solar and wind. They have an abundance of it and have fucked it up every step of the way. Ask anyone who lives out there.
I would like to see it improve and get better but like I said, even though renewables are lest costly the companies will still be looking to make maximum profits and recoup costs.
Then we as a government need to force these renewables like batteries, solar panels, to be recyclable. I get angry when I start thinking about it, sorry...
I think California requires solar on all new residential builds. That’s smart. The red tape is absurd
The ability to roll solar into a mortgage makes it way more affordable. Not to mention it pays for itself anyway
Imagine having the ability to be able to lower gas prices and not just to maximize profits.
Everyone should friggin walk to work for the next month.
Ummmm....that is literally every product
But yes, I see what you are saying.
OPEC in the past has been willing to increase supply to help things. This time around we got nothing from anyone, lol.
The positive side of this is that it should make a strong case for expanding renewables and green energy so we are less dependent on the whims of supplier nations and Big Oil when it comes to energy prices.
So about that... Power companies spent 3 billion dollars on land rental for renewables here on the coasts of NY/NJ. Those companies need to see a return so don't get excited on cheaper energy in the future unless you have your own windmill.
About that…
The energy companies pretty excited to move to renewables. Reduced operational costs due to reductions in plant maintenance, upkeep, and labor. Xcel Energy is moving very fast to expanded solar operations. They can get a solar field up and operational in a few months. To maintain one of their solar fields only requires a handful of people, whereas they need 100s of people working 24-7 to keep a coal-fired/gasified plant running.
I’ve been a part of a government run committee looking at addressing the impacts of closing coal-fired plants in MN. People not familiar with renewables are quite shocked when they start discussing the opportunities to redeploy workers into those areas, and the labor folks start laughing. Basically, if you can plug an electric cord into an outlet, operate a socket wrench, and clean off surfaces of dirt or snow, you can be a solar field tech. Also the pay is significantly less, like a lot. The energy companies aren’t moving towards renewables to save the planet, their doing it to save boatloads of money.
I always like to point to California when it comes to solar and wind. They have an abundance of it and have fucked it up every step of the way. Ask anyone who lives out there.
I would like to see it improve and get better but like I said, even though renewables are lest costly the companies will still be looking to make maximum profits and recoup costs.
Then we as a government need to force these renewables like batteries, solar panels, to be recyclable. I get angry when I start thinking about it, sorry...
I think California requires solar on all new residential builds. That’s smart. The red tape is absurd
The ability to roll solar into a mortgage makes it way more affordable. Not to mention it pays for itself anyway
NY has a minimum Sliver LEED on new buildings, I think public is harsher.
Imagine having the ability to be able to lower gas prices and not just to maximize profits.
Everyone should friggin walk to work for the next month.
Ummmm....that is literally every product
But yes, I see what you are saying.
OPEC in the past has been willing to increase supply to help things. This time around we got nothing from anyone, lol.
The positive side of this is that it should make a strong case for expanding renewables and green energy so we are less dependent on the whims of supplier nations and Big Oil when it comes to energy prices.
So about that... Power companies spent 3 billion dollars on land rental for renewables here on the coasts of NY/NJ. Those companies need to see a return so don't get excited on cheaper energy in the future unless you have your own windmill.
About that…
The energy companies pretty excited to move to renewables. Reduced operational costs due to reductions in plant maintenance, upkeep, and labor. Xcel Energy is moving very fast to expanded solar operations. They can get a solar field up and operational in a few months. To maintain one of their solar fields only requires a handful of people, whereas they need 100s of people working 24-7 to keep a coal-fired/gasified plant running.
I’ve been a part of a government run committee looking at addressing the impacts of closing coal-fired plants in MN. People not familiar with renewables are quite shocked when they start discussing the opportunities to redeploy workers into those areas, and the labor folks start laughing. Basically, if you can plug an electric cord into an outlet, operate a socket wrench, and clean off surfaces of dirt or snow, you can be a solar field tech. Also the pay is significantly less, like a lot. The energy companies aren’t moving towards renewables to save the planet, their doing it to save boatloads of money.
I always like to point to California when it comes to solar and wind. They have an abundance of it and have fucked it up every step of the way. Ask anyone who lives out there.
I would like to see it improve and get better but like I said, even though renewables are lest costly the companies will still be looking to make maximum profits and recoup costs.
Then we as a government need to force these renewables like batteries, solar panels, to be recyclable. I get angry when I start thinking about it, sorry...
I think California requires solar on all new residential builds. That’s smart. The red tape is absurd
The ability to roll solar into a mortgage makes it way more affordable. Not to mention it pays for itself anyway
NY has a minimum Sliver LEED on new buildings, I think public is harsher.
Why do you say "harsher?" Is LEED certification a bad thing, whether silver, gold or platinum?
Imagine having the ability to be able to lower gas prices and not just to maximize profits.
Everyone should friggin walk to work for the next month.
Ummmm....that is literally every product
But yes, I see what you are saying.
OPEC in the past has been willing to increase supply to help things. This time around we got nothing from anyone, lol.
The positive side of this is that it should make a strong case for expanding renewables and green energy so we are less dependent on the whims of supplier nations and Big Oil when it comes to energy prices.
So about that... Power companies spent 3 billion dollars on land rental for renewables here on the coasts of NY/NJ. Those companies need to see a return so don't get excited on cheaper energy in the future unless you have your own windmill.
About that…
The energy companies pretty excited to move to renewables. Reduced operational costs due to reductions in plant maintenance, upkeep, and labor. Xcel Energy is moving very fast to expanded solar operations. They can get a solar field up and operational in a few months. To maintain one of their solar fields only requires a handful of people, whereas they need 100s of people working 24-7 to keep a coal-fired/gasified plant running.
I’ve been a part of a government run committee looking at addressing the impacts of closing coal-fired plants in MN. People not familiar with renewables are quite shocked when they start discussing the opportunities to redeploy workers into those areas, and the labor folks start laughing. Basically, if you can plug an electric cord into an outlet, operate a socket wrench, and clean off surfaces of dirt or snow, you can be a solar field tech. Also the pay is significantly less, like a lot. The energy companies aren’t moving towards renewables to save the planet, their doing it to save boatloads of money.
I always like to point to California when it comes to solar and wind. They have an abundance of it and have fucked it up every step of the way. Ask anyone who lives out there.
I would like to see it improve and get better but like I said, even though renewables are lest costly the companies will still be looking to make maximum profits and recoup costs.
Then we as a government need to force these renewables like batteries, solar panels, to be recyclable. I get angry when I start thinking about it, sorry...
I think California requires solar on all new residential builds. That’s smart. The red tape is absurd
The ability to roll solar into a mortgage makes it way more affordable. Not to mention it pays for itself anyway
NY has a minimum Sliver LEED on new buildings, I think public is harsher.
Why do you say "harsher?" Is LEED certification a bad thing, whether silver, gold or platinum?
Stricter is the word I should have used.
Everyone should research LEED. Subaru made a factory here in the states that is Platinum. That is pretty impressive.
I would love to buy a new 4runner. Have you seen the prices?
I'll wait. Thanks.
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mickeyrat
up my ass, like Chadwick was up his Posts: 35,764
A popular Middle Eastern/Lebanese restaurant just posted a gas card give away on their adbook page. Reason they did it was due to the full tank of gas siphoned from the catering vehicle overnight.
You guys might want to get locking fuel caps.Waiting to pick mine up at a Napa. Have a Ram 1500 with 26gal tank. with fuel being what it is today, spending the $16 for the cap is a smal price to pay when a fill up from 1/2 tank tops north of $50....
Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
you're finally here and I'm a mess................................................... nationwide arena columbus '10
memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
A popular Middle Eastern/Lebanese restaurant just posted a gas card give away on their adbook page. Reason they did it was due to the full tank of gas siphoned from the catering vehicle overnight.
You guys might want to get locking fuel caps.Waiting to pick mine up at a Napa. Have a Ram 1500 with 26gal tank. with fuel being what it is today, spending the $16 for the cap is a smal price to pay when a fill up from 1/2 tank tops north of $50....
Or I could just buy a gun and Stand My Ground by protecting my Gas property, then people will know not to Suck My Gas!
Scio me nihil scire
There are no kings inside the gates of eden
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brianlux
Moving through All Kinds of Terrain. Posts: 40,715
I would love to buy a new 4runner. Have you seen the prices?
I'll wait. Thanks.
Yeah, new 4-Runners are what. like $65K? Yeow! How about used prices? They're insane! My wife has a 1999 4-runner with something like 260,000 miles on it. Considering the upgrades on the cooling system and transmission for towing her little Casita trailer, she could easily get $10K for it, maybe as much as 12 to 15K. That's just crazy.
“The fear of death follows from the fear of life. A man [or woman] who lives fully is prepared to die at any time.”
90s 4runner's are great for wheeling. They're also 20+ years old, so finding them in good shape is getting harder.
I keep looking for a pre 2004 Tacoma for going exploring (Before they started supersizing tacomas). They're so hard to find them with lower km's and in good shape. They go for a lot when they pop up.
Right now I'm rocking my 2007 Ranger 4x4. It has low km's so I'll probably keep it for a while. Might replace it with a Maverick when it gets too old. Every other truck is massive, expensive, and guzzles gas :(
90s 4runner's are great for wheeling. They're also 20+ years old, so finding them in good shape is getting harder.
I keep looking for a pre 2004 Tacoma for going exploring (Before they started supersizing tacomas). They're so hard to find them with lower km's and in good shape. They go for a lot when they pop up.
Right now I'm rocking my 2007 Ranger 4x4. It has low km's so I'll probably keep it for a while. Might replace it with a Maverick when it gets too old. Every other truck is massive, expensive, and guzzles gas :(
Just buy the pre Tacomas. The SV5's. They run forever. For whatever reason I have seen caravans of them being towed down to Mexico. They must love them down there.
I would expect inflation to inflate profits over time. Because everything eventually goes up. The input costs, the labour costs, and the cost the good is sold out. If you aim for a 15% or 20% profit margin. 20% of 100 is going to be more than 20% of 90 kind of thing.
The other one is there isn't an infinite supply of goods. The question would be, if the price of gas was lower, or the price of other goods lower, is enough being manufactured to meet what the demand is at a lower price point.
None of this is pleasant, but the world does have a finite supply of resources and goods that can be produced, so I do feel that plays a part in everything. People generally assume if the money was in the hands of plebs everyone would have more stuff, but I don't generally think it works like that.
Comments
Everyone should friggin walk to work for the next month.
There are no kings inside the gates of eden
a publicly traded company has a strong obligation to maximise shareholder returns no matter what industry it’s in, as once you are doing things that doesn’t benefit shareholders you get replaced by a CEO who will. After a decade of getting hammered in the market, you cannot make the case that spending all those profits now is good for investors. If oil is projected to remain high for 5–10 years, then yes.
As I stated in a previous comment, why are oil companies pulling in record profits during a time of crisis? It seems that profits can still be made albeit at a lower rate while reliving the rest of us non stock holders that are purchasing the product that fuels the profit machine. How many capped wells can be uncapped? Sure that will take time but it is something. Doing nothing and saying we have to be conservative so we can maximize shareholder profits is just blame shifting.
There are no kings inside the gates of eden
But yes, I see what you are saying.
i distinctly remember discussing this in 2014 with my wife who is in oil and gas.
the takeaway was this: budgets get cut, we don’t invest, prices meet or exceeds 2014 levels in a decade. We spend more, then prices crash again and we do it all over again.
it was pretty spot on. Maybe a bit accelerated due to COVID but the fact she was sure means it’s extremely predictable
the concept of smoothing out prices so this doesn’t happen would be possible if everyone was in OPEC. Because that’s not the case chronic over production alternating with under production happens. Based on investment, not starting and stopping wells. Wells decline in yield over time so you need more wells to even maintain past production, and even more to increase it. When you see “production is down “ it’s usually because the well is declining and they haven’t drilled more, not that they are stopping wells to get that decrease.
There are no kings inside the gates of eden
www.headstonesband.com
There are no kings inside the gates of eden
Once prices go down, SUV sales skyrocket though. Happens every time. American consumers are no better than oil companies in contributing to the boom and bust cycles
No one is buying a Prius at 2.00 a gallon, at 5.00 they do (generally).
The energy companies pretty excited to move to renewables. Reduced operational costs due to reductions in plant maintenance, upkeep, and labor. Xcel Energy is moving very fast to expanded solar operations. They can get a solar field up and operational in a few months. To maintain one of their solar fields only requires a handful of people, whereas they need 100s of people working 24-7 to keep a coal-fired/gasified plant running.
I would like to see it improve and get better but like I said, even though renewables are lest costly the companies will still be looking to make maximum profits and recoup costs.
Then we as a government need to force these renewables like batteries, solar panels, to be recyclable. I get angry when I start thinking about it, sorry...
The ability to roll solar into a mortgage makes it way more affordable. Not to mention it pays for itself anyway
Libtardaplorable©. And proud of it.
Brilliantati©
Everyone should research LEED. Subaru made a factory here in the states that is Platinum. That is pretty impressive.
I'll wait. Thanks.
Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
you're finally here and I'm a mess................................................... nationwide arena columbus '10
memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
There are no kings inside the gates of eden
How about used prices? They're insane! My wife has a 1999 4-runner with something like 260,000 miles on it. Considering the upgrades on the cooling system and transmission for towing her little Casita trailer, she could easily get $10K for it, maybe as much as 12 to 15K. That's just crazy.
https://www.salon.com/2021/12/01/whats-really-driving-inflation-corporate-greed_partner/
Libtardaplorable©. And proud of it.
Brilliantati©
Yesterday I counted the most I ever had. 23 ships in waiting. Most previous to that was like 16 I believe.
That is a whole lot of inflated pricing of products that will be on the shelves soon. Products that may not be sold and cause a price dip hopefully?
Why do people still think that Biden caused inflation and the high gas prices?!?