Title : Monday, April 9, 2019 -- T+97, Part 2
link : Monday, April 9, 2019 -- T+97, Part 2
Monday, April 9, 2019 -- T+97, Part 2
The Red Queen is back, The WSJ. Link here. Most surprising, already 155 comments. First comment:"..You really look at the entire life cycle of the asset.”....Chevron chief.I only read the first five comments. The first five folks commenting were on the same page of music that I am on.
This is the company that two months before 2015 oil price collapse said $120 a barrel is a new normal.
The reason he is saying this is not because thus Big Boy is any smarter - but their overheads - not to mention bureaucracy - does not allow quick decision making.
I spent 43 plus years in the oil patch - upstream, though not in shale - and working for Big Boys.
These are the same Boys who scoffed
that there is even such a thing called shale fracking that might yield a bonanza. They are coming to this party late and trying to spin they missed it out in the first place.
Now, as to flaring of gas - while one bcf a day sounds big - but when you are producing 100 more times as much - this gas is a rounding error.
And ok to compare it to auto emissions - but without shale, many Americans won't be able to drive as much because gas prices would be so high.
A good alarming story - but just a story.
Thus Article Monday, April 9, 2019 -- T+97, Part 2
That's an article Monday, April 9, 2019 -- T+97, Part 2 This time, hopefully can give benefits to all of you. well, see you in posting other articles.
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