NEWS  STUFF      

        Inside the Biggest Oil Meltdown
     in History
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Saudi Arabia Faces an Unprecedented Crisis
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Oil’s Sudden Rebound Is Exposing the Achilles’ Heel of Shale

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ExxonMobil, Pioneer Propose A Methane Monitoring Network For Texas Oil Fields
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RECENT POST STUFF

Rubbed the Wrong Way

May 28, 2020

Kinley in Romania; 1931

May 24, 2020

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CHART  STUFF

80% of American shale oil growth has occurred  on credit.  If left to its own resources to drill and complete wells, from net revenue, it would have died an ugly death ten years ago.  

   QUOTE  STUFF

"Such is America’s reliance on new drilling that 55% of the country’s shale production is from wells drilled in the past 14 months, according to ShaleProfile.com" Bloomberg 

POSTS

March 18, 2019

Last week in Houston Secretary of State, Mike Pompeo, made a remarkable keynote speech to a large audience at CERAWeek. You may read his speech, in its entirety, by clicking on the image above and I urge you to do so. 

"The Trump administration is working strongly,...

November 25, 2018

 With enough money we can turn this desert in Kuwait...

...into something like this.

Or this beautiful part of West Texas...

into this mess...

In the case of the US shale oil phenomena, low interest money from credit has mistakenly caused pundits and oil analysts to lewd i...

September 4, 2018

Above is a  2017 photo of cold-stacked drilling barges in Morgan City, Louisiana; innocent bystanders of the US LTO drive-by-shooting where overleveraged oversupply of shale oil drove the price of WTI  down from the low $90's to the high $30's in late 2014-2015. Over 2...

August 10, 2018

I am fond of Scotland; I sent some spit somewhere in a cup many years ago and damn if my old folks aren't from there. Once a year, in the summer, I like to watch weenie golfers suffer in the cold, sideways rain in the British Open on TV and Scotland  makes some delight...

Every country in the world in the business of producing oil wants high, stable oil prices.  President Trump needs high oil prices to "dominate" the rest of the globe with American LTO exports; the KSA has a pending IPO it needs to sell and other countries, like Venezue...

April 14, 2018

"The United States Energy Information Agency (EIA) disseminates its data products, analyses, reports, and services to customers and stakeholders primarily through its website and the customer contact center. Located in Washington, D.C., EIA has about 325 federal employ...

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Who's Stuff Is This?

" I was born and

raised, literally,

in the oilfields of

South Texas over

68 years ago.

I have pretty

much seen, and

done, it all."

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    NIGHT SHIFT        the video 

     Header Photography by

            Robert Flaherty