Mayor of Offshore Drilling

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Mayor of Offshore Drilling

Mayor of Offshore Drilling

@offshoremayor

Captain of a deepwater drilling asset

Bogotá, DC, Colombia Katılım Temmuz 2009
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Mayor of Offshore Drilling
Mayor of Offshore Drilling@offshoremayor·
Two sister drillships being built in Hyundai’s shipyard. One drillship was already floating and about to complete equipment commissioning while the second ship was still in dry dock awaiting derrick installation. Hyundai’s mass production line was unlike anything I’ve ever seen . . . Truly incredible! $rig $val $ne $do $tdw
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Rick Stainton
Rick Stainton@staintonrick1·
@offshoremayor After every shortage comes a glut Which companies would benefit from a boom in storage capacity build out worldwide in your opinion
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Mayor of Offshore Drilling
Mayor of Offshore Drilling@offshoremayor·
It was more of a joke than anything bc when you start seeing drilling in Arctic headlines, you are no where near a bottom. I have no idea what oil will do, you can see the manipulation in paper markets is wild right now. If I had to guess there is still another leg higher but who knows. 🤷‍♂️
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Vernon’sView
Vernon’sView@vernon_sview·
Besides a shorter term correction in oil(peace related) why are you suggesting a top? Rig count is near the lows and many companies have been more interested in paying dividends and buying back shares than finding more oil. Seems to me there is a very long way to go on the upside?
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Mayor of Offshore Drilling
Mayor of Offshore Drilling@offshoremayor·
@ftenergy Ok maybe the top in oil is closer than I thought. Whenever drilling in the artic gets brought up the top is usually not far behind.
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Mayor of Offshore Drilling
Mayor of Offshore Drilling@offshoremayor·
@Geiger_Capital Saudis also invested 2 billion into Jared’s fund. With the rumors floating around that Saudi wants this war to continue id imagine kushner would do his best to tank the deal.
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Geiger Capital
Geiger Capital@Geiger_Capital·
Incase you’re confused… Kushner - Jewish Witkoff - Jewish Vance - Catholic They also know he wants to run in 2028.
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De La Rosa
De La Rosa@Tejanobrown·
Automated drilling rig running casing.
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Mayor of Offshore Drilling
Mayor of Offshore Drilling@offshoremayor·
United CEO said that they are cutting 5% of their flights. I’ve seen a few Asian countries promote working from home if they can. Now this from South Korea. This is what demand destruction looks like. It feels like business as usual in the U.S. bc they are largely isolated from the chaos but the rest of the world is really starting to feel the pain.
First Squawk@FirstSquawk

President Lee of South Korea proposes that public institutions limit the use of passenger vehicles to six days a week.

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David Nicoski CMT
David Nicoski CMT@davevermilion·
The tweets come out in the am right? I mean right?
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Mayor of Offshore Drilling
Mayor of Offshore Drilling@offshoremayor·
@Fireleap_ They’ve been pretty calculated so far, if things get heated back up again I can see them doing that as a final blown to make Trump bend the knee to finally end this all.
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Fireleap
Fireleap@Fireleap_·
@offshoremayor If true, Iranians could just close Yanbu, yields would moon, and US would be done.
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Mayor of Offshore Drilling
Mayor of Offshore Drilling@offshoremayor·
I said this a few weeks back. The bond market will eventually tell Trump he has to stop. Iran will continue to cause chaos till Trump is forced to 🌮. I personally think Trump lied about everything this morning, he’s just trying to buy himself some extra time.
The Kobeissi Letter@KobeissiLetter

Absolutely incredible: The US 20Y Note Yield is now above 5.00%. At the current pace, we will have 7% mortgages and $4.00 gas prices this week. Talk about a turn of events.

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Michael Spyker
Michael Spyker@ShaleTier7·
WTI crude averaged $98/bbl in 2014. That’s $772/bbl inflation adjusted to 2029. Oil is still cheap.
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George Mikan
George Mikan@GeorgeMikan8·
@offshoremayor great call. Too many 'smart' energy guys saying "wait until you get TACO and WTI breaks..then it's a great buying opportunity." Yeah...most stocks are up 50%+ over 6 mos including a bellwether like $XOM. Pullback better be chunky to justify being sidelined
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Mayor of Offshore Drilling
Mayor of Offshore Drilling@offshoremayor·
Oil has outperformed gold by over 30% since this post. I wouldn’t be surprised if the spread widened to 50-60% before it’s all said and done. I still love gold and it’s also probably a good time to take profits on oil. My only point back in September was that a high tide eventually raises all commodity boats.
Mayor of Offshore Drilling@offshoremayor

I’m no financial advisor but I think you are doing it wrong if you are rushing to buy gold after a relentless two year run instead of buying energy which has been completely decimated over the last two years. I’m seeing predictions of gold reaching 6000-10000 dollars per ounce by 2026. This is giving me flash backs to 2022 when oil was at 100 bucks and analysts were warning everyone that crude was going to 250 dollars a barrel. I can’t find a bearish article on gold at the moment. Morgan Stanley advisors now recommending allocating 20 percent of your portfolio to gold after a relentless two years of up only is right on par for the course. Meanwhile Morgan Stanley is warning that crude may drop below 60 next year. I wouldn’t expect anything else from the banks. Life hack I learned a while ago is to do the exact opposite of what banks tell you to do 😂.

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Mayor of Offshore Drilling
Mayor of Offshore Drilling@offshoremayor·
I appreciate you always being positive as I try to be as well but that was just one example. I’ll give you another, anytime oil has risen by over 50% in this short period of time the U.S. has gone into a recession with the exception of 2022 (student loans were paused, government wasn’t allowed to foreclose on your house etc, COVID backstop, all that stuff ended last October)
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Cantonese Cat 🐱🐈
Cantonese Cat 🐱🐈@cantonmeow·
@offshoremayor Considering that flight prices have pretty much remained the same over the last 50 years, I think we're going to be OK
Cantonese Cat 🐱🐈 tweet media
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Cantonese Cat 🐱🐈
Cantonese Cat 🐱🐈@cantonmeow·
US stock total market cap Jan 1980: $2 Trillion. Now: $69 Trillion. US house average cost Jan 1980: $60K Now: $400K US crude oil Jan 1980: $32 Now: $98 Gasoline prices per gallon Jan 1980: $1.12 Now: $3.94 Cup of coffee Jan 1980: $0.50 Now: $4.00 Gas is cheap.
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Keşfet

@staintonrick1 @ftenergy @Geiger_Capital @BlackScholesMan @Tejanobrown @MiserMcMiserson @davevermilion @Fireleap_