countdown to industry troll RGR blaming residents near you for being too "stupid/should've known better/ride a bike" and county and state legislators for being too" lax/corrupt." ... in 10, ... 9, .... 8, ....
I haven't been in industry for decades now Jiggsy, you would know this if you could read. Now I explain industry procedures to empty headed morons….otherwise known as those much more highly educated than you.
Semantics much, troll? Cut the crap. Your bread is buttered via the industry. So whether it's stock options, lecture circuit, or just giving reacharounds to the bigwigs at conferences, your agenda is painting a warm picture for an industry that's ruining the biosphere and desperate for investment.
However you get paid (poorly spent as it is), it most certainly ISN'T for your grasp of how triple-digit oil prices affect the global economy, nor your honesty regarding flow rate growth.
It is notable how much you omitted from my post, most especially the 96% write-down of Monterrey reserves. Just when does the fraud end with your industry?
Jiggs Casey said:
Nevermind the industry has to keep running faster and faster every year just to stay in place, and first-year decline rates are cliff-like.
Do tell Jiggsy! Do you know the quantitative difference between "cliff like" and "non-cliff like", or are you just parroting someone else? Again?
Yeah, we've been over this, and you punted. Like you always do when you have nothing of substance to convey, you shifted to talk of my alleged religious zealotry without actually countering the data. :yawn: ... Something like 66% decline for the first year, alone? Yeah, that's pretty horribad ... and certainly unsustainable.
U.S. Shale-Oil Boom May Not Last as Fracking Wells Lack Staying Power
Production from wells bored into these formations declines by 60 percent to 70 percent in the first year alone, says Allen Gilmer, chairman and chief executive officer of Drillinginfo, which tracks the performance of U.S. wells.
Yeah, for your industry? I'd say that's fairly "cliff-like." But you're the semantics champion. Tell us all how it's not. Compared to... anything. Tell us what words mean, lecturer. LOL...
Ah well. Our $5-10M wells are useless within 2-3 years? No problem, right? In order to maintain promised production growth, we'll just easily expand 10,000 short-life wells to 100,000!!! No wait, 1,000,000!!! ... There's no logistical limit in sight!! Afterall, this is a growth industry, and the engineers are streaming out of U.S. colleges just begging to man the rigs!!! ... Oh, and there's plenty of water for that degree of expansion

.
Sad little snake oil salesman. You truly are why this cartoon was drawn:
Jiggs Casey said:
Still waiting for RGR to explain how the oil majors suddenly pulling back 10-33% in expenditures is somehow a "good" thing for near- to mid-term flow rates.
Why would I need to explain any of that?
Ummmm, because it pukes in the face of your entire baseless "no problem" narrative? Leave it there, I don't care. I already KNOW you're a fraud. It's the impressionable onlookers who'd love to hear you try and flesh that one out.
Decreased production without corresponding demand destruction leads to higher prices, and higher prices are good for industry folks.
LOL... Short term, maybe. If they can pump and dump and get out of the game before inevitable demand destruction takes place, sure. Otherwise, oops. Nope... Big killer of free cash flow, that stubborn $100/bl price, and not conducive to production growth.
"We need it $150/bl !!!! Surely the world can afford it!!!!"
Unfortunate that this hasn't included me in this century, but no matter how many times I mention this to a parrot…well…there is no requirement for a parrot to LEARN anything. Ever.
Blah blah, whatever liar. .... You're still not answering my fundamental question, dipshit. If they're scaling back on spending for exploration and drilling and dumping assets left and right, how does that paint a picture of an industry that's growing? Oops, it doesn't.
The sad truth is, even the most optimistic expansion of tight oil production by smaller companies will never come close to atoning for the majors' decline. For Russia's decline. For Mexico's decline. And on and on and on. You know it as well as I know it. I'm the only one honest about it.
For you trolls, what only matters is how much of a buck you all can hoodwink investors for before the great reboot.
Your career is based on fraud, RGR. Destructive fraud that is contributing to the RW's perpetual ecocide. You know it deep inside. Awwww.
Sorry. No church here. Devout aethist, in fact. You, on the other hand, show ALL the telltale signs of a wild-eyed religious zealot. The irony is delicious.