Chevron Executive (Parody)

do you think genghis khan had a dashboard to give him operational insights

One argument is that a very well-funded military achieves peace through strength via deterrence. Another is that it fosters militarism, making military solutions more likely than diplomatic ones. That debate seems especially relevant as Trump seeks $350 bln ↑ in military budget.

MAP OF THE DAY: With the Houthis threatening the Bab el-Mandeb strait, Saudi Arabia needs a bypass for its bypass. It's possible — but not cheap, involving new workaround pipelines and far longer tanker routes. 🔗 bloomberg.com/opinion/articl…

"Past a certain age, a man having a long term bull thesis on natural gas is a bad thing."

get a call from a 432 number, said he just started buying in OK and has 55nma unleased in LeFlore. Bought it cheap and asked if I’m a buyer. Said sure, just bought some for $20/ac. What are you asking? He said he’s in for $700/ac. ☠️🙈🚩☠️🙈🚩☠️🙈🚩

Fun Fact Friday. M&A edition. Anadarko had an all-stock offer out to buy Apache in 2015. Playing that scenario forward (if it had happened), would CrownRock have sold to a different suitor?

This is a "fixed legged platform", meaning it is connected to the seafloor in numerous locations. SOP calls for the crane to be in its cradle during winds exceeding 35 mph. Also note, they haven't lost power, else the platform lights would be off. Thanks Corey, stay safe out there...

Today, we’re proud to launch the American Energy Policy Center, a new organization focused on advancing energy literacy through nonpartisan education. Our mission is to help policymakers and stakeholders better understand the role oil and natural gas play in America’s economy, energy security, and communities. Learn more: energymatters.org

It was easy to mock the bears but we are probably approaching peak bullishness on crude. Trump about to get desperate, informed by his party starting to panic, Bessent worrying about rates, markets reacting negatively again. Goldman/Citi/JPM bullish reports will call the top.

DOE now says SPR operational minimum is 70 mm barrels. That's a far cry from long-held thoughts of 250 to 300. #OOTT

Swab testing after acid stimulation on a new completion. Nice recovery of oil from this carbonate

🚨 It’s happening! A COSCO VLCC fully laden with 2 million barrels of Saudi crude just made a sharp U-turn. Oil prices are rising

MAP OF THE DAY: Starting to see some oil tankers either U-turning or slowing down on their approach to the Bab El-Mandeb Strait (near Yemen). First sign that the Houthi treat is having an impact -- HOWEVER, many otherS are still going ahead from the Gulf of Aden into the Red Sea

How did I miss this post? I strongly agree. Chinese stockpiles are much tighter than most think - especially products. Must read.

What could possibly go wrong?

So, Iran & US spent all weekend blowing stuff up in the Middle East (including Kuwait’s oil industry & sinking multiple ships in the Strait), Ukraine has taken out half of Russia’s refining capacity & lots of oil storage depots forcing production shut-ins AND …

Chevron said to shut in oil production at Petronius platform in Gulf of America @staunovo

US TEETERS ON ALL-OUT WAR WITH IRAN AFTER MORE TROOPS ARE KILLED - WAPO

🚨Jeff Currie: "I'd argue in my entire career, I have never seen an energy environment this tight." The US SPR sits near a 43-year low, with barely 19 million barrels of cushion above the operating floor Refining margins just hit a record $60+ a barrel, 6x the 40 year average, driven by supply absence, not demand Roughly 6 million bpd of global refining capacity is offline between Russia, China and the Middle East Currie is betting the barrels win.

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