Saudi Arabia to lower oil prices, the houston boom is over

My neighbor's prayer group was able to successfully lobby God to cause oil prices to rise from 45/barrel to its current 61/barrel.

 

Look ma we made it.

It has been a bit hectic for me. Going over to the revenue side of things. Transitions are a B especially when you're short-staffed.


I would really tell you all what's going on with "us" but then some of you would figure out who my employer is.

 

slowing global demand growth brought forth by alternative generation/storage technologies and over-leveraged economies coming down from their printed money highs are going to be what causes oil to never see $100+ again

markets should be content if it stays in the 50-75 band

 

panic has seemed to settle a bit from my point of view. Oil companies aren't blowing up the phone for discounts but they are still focused on optimizing products and keeping costs low.

 

Got laid off in upstream, got hired in supply & trading - all for the same company. Which is where I wanted to be all along, so things turned out out for the better in the end.

 

Doubt it. While we will continue to move to greater efficiency, there are still billions left to modernize like China. Even China will boom again optimisticly as they become more of a consumer economy.

 

^^^ which will require more energy use. North America can become a major energy exporter, especially if nat gas replaces coal globally.

 

those billions will likely skip a generation of tech and go to the new thing i.e. solar electric/Li ion packs and nat gas


like what happened with rural villages and landlines being superceded by mobile phones


affordable EV cars such as the chinese made Kandi EV will service much of the world that is going to enter into the new middle class

 

practically speaking, people that are currently in survival mode but will elevate to lower-middle class would prefer electric cars

less moving parts, less cost of maintenance

with solar and battery tech coming down (or the bill gates poop water machine), who says these people need to be tied to any sort of official 'grid' for sustenance?

 

i have a friend that works at baker hughes too

 

Lucky me, I'm on a Trinidad Platform/Subsea EPCI job until 2017. Hope things are a lot better by then for my next project.

 

Once upon a time the government had a vast scrap yard in the middle of a desert.

Congress said, "Someone may steal from it at night."

So they created a night watchman position and hired a person for the job.

Then Congress said, "How does the watchman do his job without instruction?"

So they created a planning department and hired two people, one person to write the instructions, and one person to do time studies.

Then Congress said, "How will we know the night watchman is doing the tasks correctly?

So they created a Quality Control department and hired two people. One was to do the studies and one was to write the reports.

Then Congress said, "How are these people going to get paid?"

So they created two positions: a time keeper and a payroll officer then hired two people.

Then Congress said, "Who will be accountable for all of these people?"

So they created an administrative section and hired three people, an Administrative Officer, Assistant Administrative Officer, and a Legal Secretary.

Then Congress said, "We have had this command in operation for one year and we are $918,000 over budget, we must cut back."

So they laid-off the night watchman.

NOW slowly, let it sink in.

Quietly, we go like sheep to slaughter. Does anybody remember the reason given for the establishment of the DEPARTMENT OF ENERGY during the Carter administration?

Anybody?

Anything?

No?

Didn't think so!

Bottom line is, we've spent several hundred billion dollars in support of an agency, the reason for which very few people who read this can remember!

Ready?

It was very simple and at the time, everybody thought it very appropriate.

The Department of Energy was instituted on 8/04/1977, TO LESSEN OUR DEPENDENCE ON FOREIGN OIL.
Hey, pretty efficient, huh?

AND NOW IT'S 2015 -- 38 YEARS LATER -- AND THE BUDGET FOR THIS "NECESSARY" DEPARTMENT IS AT $24.2 BILLION A YEAR. IT HAS 16,000 FEDERAL EMPLOYEES AND APPROXIMATELY 100,000 CONTRACT EMPLOYEES; AND LOOK AT THE JOB IT HAS DONE!

(THIS IS WHERE YOU SLAP YOUR FOREHEAD AND SAY, "WHAT WERE THEY THINKING?")
38 years ago 30% of our oil consumption was foreign imports. Today 70% of our oil consumption is foreign imports.

Ah, yes, good old Federal bureaucracy.

NOW, WE HAVE TURNED OVER THE BANKING SYSTEM, HEALTH CARE, AND THE AUTO INDUSTRY TO THE SAME GOVERNMENT?

Hello!

Anybody Home?

 

You forgot the link.

You can go HERE and choose one.

 

I don't work there

I work in upstream (E&P).

 

No kidding. I love when people copy/paste and think they're making a contribution. Thanks, Blake!

 

You are welcome. Anytime.

 

That's not why the Dept of Energy was created. And that was never the primary purpose of it.

But funny read, nonetheless, if you are willing to suspend reality.

 

WorleyParsons?

 

Banks totally know better about their industry than government does so we should really loosen up regulations and then the 2008 crash happened. What's best for a corporation isn't always best for the people and sometimes for themselves as we saw in 2008. Not all government is bad. There's no perfect system and to say this is the same government as 1977 is kind of a stretch. Rather than railing against the system maybe we could work to make it a better system. Failures will happen but its up to us to learn from them. Luckily, we live in a land where there can be change in the government if we work hard enough.

 

Rmbr the fed is not a government entity