We gave Doug, who’s not in the O&G business, a video to watch and interpret in his own words. Here’s what he came up with…
- The OPEC deal may not matter because of what U.S. drillers will do.
- Going 1 for 1 is apparently a term used in more than just baseball.
- All the growth is in the Permian.
- Oil producers don’t want shale producers to hedge forward, but that may be backward thinking.
- Will Rex Tillerson have the biggest effect on oil during Trump’s presidency? It depends on “a lot of other factors”, of which we shall name none.
- Iran’s oil production isn’t much of a concern as long as they don’t have foreign investment.
- 2014 was the good ole days.
- Some straight talk about The Brent Curve.
- Iran won’t stick to its promised production levels.
Some highlights… (click here to play video)
:04 – Tremendous example on how to botch your opening line.
:13 – Easy with the “Everywhere I’ve been” routine, Amrita Sen. Your company “Energy Aspects” sounds like a front for a Ponzi scheme.
:51 – Let’s get a new term for “Penciled in”. The 50’s are over.
1:09 – Brent Curve graph showing…. Not really sure, but the Saudi’s try to control it.
1:30 – OPEC and others never mention the word “price” but they do talk about inventories in order to flatten the curve, and harness the ability and leverage to hedge forward. (sometimes I like to pretend I know what I’m talking about… this has been one of those times).
– Dramatic pause so the guy doing an actor Rob Corddry impression can chime in.
2:22 – 3:00 – Vague talk about Trump, Rex Tillerson, Rex Tillerson’s relations across the world, Iran, and The JCPOA.
3:08 – Iran won’t stick to their promise, so why ask if they’ll stick to their promise? #UnpreparedHost.
4:08 – Half-hearted U.S Rig Count graph to help aid idle chatter about Iranian oil production.