Chris Ryan

@BoringBiz_ I use it all the time for project selection.

Finance students when they graduate and realize that no one even uses a DCF model for anything

@allengilmer Where do we watch/listen?

I’ve got 5 episodes of “Crude Awakenings” already recorded. On the second episode, you’ll meet Tad Mayfield, President of Goldston Oil and Gas, a family oil company that is on its 3rd generation with 4th being groomed. Importantly, Tad fought, nearly single handedly, 2 examples of regulatory overreach that, had they been successful, would have literally killed the US oil and gas industry. Big Oil didn’t even see it coming. Or did they?

@wtxoil @LandmanLife @Tejanobrown @DanDoyleOil Pop-up book of blenders and pumps

@Beefisliberty @LandmanLife @Tejanobrown @DanDoyleOil Or a coloring book

Several chapters in and I want to thank @DanDoyleOil for sending me a copy! If you’re in Oil & Gas this is a must own and read. The importance of story telling is underrated in our industry and I’m happy that Dan is sharing his story.

@avidwanderer @Tejanobrown @DanDoyleOil Yes, frac startup story and much more.

@Tejanobrown @DanDoyleOil Is this mostly upstream focused?

@LandmanLife @Tejanobrown @wtxoil @DanDoyleOil Maybe he’ll do it in audio book.

@Tejanobrown @wtxoil @DanDoyleOil

@Tejanobrown @DanDoyleOil For sure- I read this book. I would say a must read for anybody with entrepreneurial blood in their veins too, which is a lot of our industry.

@RealPostFolder Maybe accomplish more shit and help somebody else out for 15 minutes.

@WallStreetApes Yet everyone thinks the work economy is going to collapse when WTI is $2.38/gal.

American shows how much were really paying for some juices at the grocery store He picks one up, it’s $3.99 for the bottle Most people don’t think much about it, but if you look at the cost per ounce it’s 66.5 cents If you multiply the to a gallon, it’s $85 For Apple juice… We are being robbed blind

@GasBuddyGuy @The_Sublimatory @Empty_America Good call. Thanks, Patrick.

@The_Sublimatory @Empty_America years of studying and identifying how long elevated prices remain and what the consumer impact is. it's not the price per gallon, its how much % of income you spend on fuel

You wouldn't see any change at $10. People wouldn't even carpool, or reduce trips, etc. The JetSkis would be on the lake, the big RV's cruising.

@Ab51_Project $35K? wtf. You can’t even get a used F150 for that.

@Gianpattention @DrDominicNg Not really many orders of magnitude.

@DrDominicNg given chess is many many many orders of magnitude easier to bot than "real life" interactions with their complexity, this should suggest "humans in the loop" will last for generations for many sectors of the economy

Chess is 30 years ahead of every other profession in dealing with AI. The best case study we have for what's coming. 4 lessons: 1. Human-AI collaboration had a 15-year shelf life in chess. "Human in the loop" is a phase.

@RazorOil No clue what you mean.

Friends, this time is no different: it’s not about whether oil goes up or down. What truly matters is respecting the future area under the curve—that’s where the money has been and will continue to be made...🫡🪒

@mr_BobRice @OilandEnergy Why?

@OilandEnergy Those people are overly optimistic ... I suppose several months around $140 $oil and I expect we will see a global recession like we have not seen in a very long time ...

Oxford Economics: If global oil prices averaged around $140 per barrel for two months, it would be enough to push parts of the global economy into a mild recession.

@PeterMallouk Excessive government spending drives inflation, which drives wealth disparity.

This is 100% completely unsustainable as a society. Nearly 50% of all consumer spending now comes from the top 10% of earners. The bottom 80%? Their share keeps falling. This is why the economy can look strong in the data while millions of people feel like they're falling behind.

@HFI_Research Nice post. Thank you

I think it's funny to read some of the oil commentary saying that oil prices aren't that "high" today because it's not going to be that "bad". No man. That's because there was a cushion at the beginning of the conflict. We are now eating through that. Here's what I wrote on March 4 in our report titled, "Why Aren't Oil Prices At $100?" How much storage do we have before the market starts to panic? Well, here’s the math: The Middle East exports ~19 million b/d of crude + condensate + products through the Strait of Hormuz. Saudi’s East-West pipeline has a capacity of ~5 million b/d, but a chunk of that was already in-use. UAE also has the ability to bypass with the Abu Dhabi pipeline (Habshan-Fujairah) with a capacity of ~1.8 million b/d. Excluding Iranian flows (~2 million b/d), that leaves us with ~10 to ~12 million b/d at risk. We’ve already had 6 days of disruptions. This amounts to ~60 to ~72 million bbls of crude + condensate + product. Production shut-in so far has been restricted to producers with no real storage capacity (Iraq). Goldman estimates that there are ~312 million bbls of capacity available. So we are still 2 weeks away from needing to shut in more production. After storage capacity hits max capacity and if tanker flows remain restricted, that’s when we will see panic. Meanwhile, the global oil market is working through the excess crude on water and the surplus in storage that we have in 2025. By our estimate, excess crude on water and excess onshore storage will be gone in 2-3 weeks. This is roughly the same timeline as the production shut-in scenario. In other words, if we don’t see tanker activity pick up after 2 weeks, prepare for the worst-case scenario. For now, the oil market is absorbing the shock via the excess in storage. It won’t have much left after. This is primarily the reason why we haven’t seen oil shoot past triple digits just yet.

@seanrcallaghan @HFI_Research It’s not goodbye, it’s see you later.

@HFI_Research Economic activity lost forever.

By the end of this week, this will be 10-11 million b/d. By March 29, this will be 13 million b/d. That will be the max shut in. That’s 91 million bbls per week. If it lasts through April, 390 million bbls lost. You won’t get that back.

@3rdDougJackson @DP_LTS @foxhrtX3 I’d hire you.

@Beefisliberty @DP_LTS @foxhrtX3 Different states have different laws for different jobs. I got paid zero dollars an hour on a few different jobs.

im sorry, you get paid TWO DOLLARS AN HOUR???!?!?? we used to kill CEOs for less than this and now we just blame it on consumers who are also being exploited by capitalism

@DP_LTS @foxhrtX3 Then why does it ask us to tip 20% for takeout when those employees get regular wages?

Their check is only $2 an hour because they made enough in tips to make up for the difference between that and the federal minimum wage, probably even more so. They're only telling you half the story so that you feel sorry for them when they actually made decent money that week. And no, we didn't used to kill CEOs for less, in fact it was quite the opposite. Look at the history of the Pinkerton group

@OilAndGasGOA @Kiradavis Yep

@Kiradavis There is too much high cost oil in the world for that. The USA onshore shale oilfields which account for almost 10% of world oil production breaks even at approx $60/barrell which would translate to $2.50-$2.80/gallon in Houston near the refineries.

California could, in reality, have 0.99/gal gas. Probably all of America could. People...we're being had