Peak oil economy

Investments, gold, currencies, surviving after a financial meltdown
market_marinade
Posts: 11
Joined: Sun May 12, 2019 5:23 pm

Re: Peak oil economy

Postby market_marinade » Sun May 12, 2019 5:40 pm

Tom Mazanec wrote:Permian basin petering out?
https://oilprice.com/Energy/Energy-Gene ... n-End.html


Permian production has only just started. Many things are coming into a wonderful alignment to make sure we are all prepared for an influx of Permian crude

Pipeline capacity is rising by about 4 million barrels/day by 2021 (all approved and most under construction)
Export terminals on the Gulf Coast are being built at an excessive pace to support this inevitable inundation of the light/sweet crude
Producers announced major plans to increase production. even if some pure-play producers don't hit their targets (due to issues such as raising capital), you have Exxon and Chevron deploying its framework to pump an additional 2 million barrels/day ALONE by 2023-25

The Permian stars are aligning, and when these pipes start coming online periodically beginning August/September 2019, OPEC will be deemed useless, and we could see a prolonged period of crude price weakness

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Tom Mazanec
Posts: 2367
Joined: Sun Sep 21, 2008 12:13 pm

Re: Peak oil economy

Postby Tom Mazanec » Thu May 16, 2019 10:32 pm

What the end of the oil giants means:
https://srsroccoreport.com/the-end-of-t ... -it-means/
SHARKS (crossed out) MONGEESE (sic) WITH FRICKIN' LASER BEAMS ATTACHED TO THEIR HEADS

aeden
Posts: 2726
Joined: Sat Jul 31, 2010 12:34 pm

Re: Peak oil economy

Postby aeden » Fri May 17, 2019 5:16 pm



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