@Mothbooah Look forward to listening. Thanks!
In other great news, we’re getting new music from the all-time Honky Tonk King, Gary Stewart.
savingcountrymusic.com/new-never-befo…
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W. Mark Meyer
1.9K posts
W. Mark Meyer
@wmarkmeyer
Energy lifer, unsigned free agent | Baseball-obsessed | One-hit wonder Music Row record producer | Good data is the antidote for bias
On-Deck Circle Katılım Haziran 2012
928 Takip Edilen712 Takipçiler
@collide_ai Let’s revisit retail fuel outlets. The example of “Big Oil” consumers see daily. Roughly 150k in the US. 63% are single-store operators. They net 3c-7c/gal, which translates to a whopping 1-2% net margin. Less than zero pricing power in an incredibly fragmented market.
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@joerogan went on a long rant about oil and gas prices. Most of it was wrong. Mark and Chuck watched it in real time on BDE. Starting with the big one: the idea that oil companies have pricing power. Prices went to -$37 in April 2020. That's not what pricing power looks like.
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@collide_ai @joerogan I’ve listened to countless hours of the JRE. Applaud his curiosity and motivation to dig deep and learn a lot about a lot of things. But the notion the US should establish a national oil company is one of the most uninformed things I’ve heard in a long time.
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@GeraldoRivera Again, some “fortune” context. 1Q’26 net income margins
XOM: 5%
CVX: 4.5%
AAPL: 29.3%
GOOG: 57%
META: 47.5%
MSFT: 35.7%
XOM’s peak annual margin over 20 years is 13.98%. CVX 15.05% (both 2022)
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Gas prices are through the roof. Isn’t it time for a windfall profits tax on oil companies? They are making a fortune as America goes broke.
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Found another one, boys. As predicted on BDE. Both sides dusting off the price-gouging playbook.
Again, to provide some context. 1Q’26 net income margins…
XOM: 5%
CVX: 4.5%
AAPL: 29.3%
GOOG: 57%
META: 47.5%
MSFT: 35.7%
@nimblephatty @kirkcoburn @FracSlap @collide_ai
Josh Barnett-AZ@BarnettforAZ
Oil companies are ripping us off. It’s not a supply and demand issue. We are a net exporter. We are selling more oil overseas than ever before while the American people are being price gauged. We have access to Venezuelan oil like never before and we are still getting stuck with $5 a gallon gas. We are flat out being ripped off by Big Oil.
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@MikeUmbro @US_OGA We need to reopen Buck’s Crystal Palace and make it The Patch of Kern’s renaissance story, Landman’s Bakersfield spinoff.
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@US_OGA Kern County alone had 1.8 billion in proved reserves in 2017.
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California has over 1 billion barrels in proved oil reserves
In 2011, the EIA famously estimated there was 15.4 billion barrels of technically recoverable tight oil from the Monterey shale.
That may be a stretch - it is extremely complex geologically. But you never bet against this industry.
CA produces 250,000 barrels/day of heavy crude perfectly suited for its refineries.
CA refineries currently process 1.4 million bpd.
23% comes from in-state sources,
60% from foreign imports.
If CA elected the right people who gave us a shot - you would never see another article like this. 👇👇👇
The Wall Street Journal@WSJ
A supertanker docked in Long Beach just delivered California’s last incoming shipment of Middle Eastern oil, a milestone for drivers already paying the nation’s highest fuel prices. 🔗 on.wsj.com/4uKPGOg
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@FracSlap Really weird, especially since you were a minor 20 years ago. I thought youth infractions got expunged at some point.
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I got denied global entry for misdemeanors I had 20 years ago.
The H1B Indians next to me got approved on the spot.
'Merica
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@wmarkmeyer @nimblephatty @kirkcoburn @FracSlap I guess smiley face emojis don’t mean what they used to…
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Which of the following Q1’26 net income margins can be deemed “tyrannical”? (Bonus question: which group can survive without the other?)
XOM: 5%
CVX: 4.5%
AAPL: 29.3%
GOOG: 57%
META: 47.5%
MSFT: 35.7%
@nimblephatty @kirkcoburn @FracSlap
Paul Constantine@PaulCon67
@ChrisMartzWX Get an EV. Free yourself from the tyranny of big oil 😊
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Shewmake is turning me into a Texas A&M fan. LFG!
#Chasethefight
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$XOM once again the most capital disciplined of the bunch. Its one big ticket in 2023 was the $4.9B acquisition of Denbury in an all-stock transaction.
@nimblephatty @kirkcoburn @collide_ai #BigDigitalEnergy
عبدالعزيز المقبل@AzizSapphire
Spending on the so called green energy is shrinking fast . The U-turn is real .
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@EnergyCredit1 This kid’s a senior. Check out Stryker Pence (retired MLBer & former Astro Hunter Pence’s nephew). Threw 100mph as a rising HS sophomore last summer.
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100 in high school. How did 7 kids even hit the ball?
Ben Badler@BenBadler
20-strikeout‼️ no-hitter and up to 100 mph from 6-foot-9 Brody Bumila. 2026 high school LHP was overpowering tonight for Bishop Feehan in Massachusetts. Heavy fastball attack and mixed in a quality changeup. Baseball America projected first-round pick in the 2026 MLB Draft.
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@MikeUmbro @FracSlap The notion of querying troves of language-based data - which pre-AI was either completely dark or practically inaccessible - for technical & operational discovery hasn’t fully resonated. But it will. So much opportunity. Needs to start at the earliest undergraduate level.
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On one end, the established engineers resist it. On the other, students are taught not to use it.
In my last lecture at Berkeley, my message was simple - the young graduates that use AI to improve workflow will have the best job prospects. Don’t listen to professors.
You can see the handful of smart kids nodding along in excitement.
Embrace technology or die.
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I see petroleum engineers in companies that have not used ChatGPT or Claude.
The lights do not come on when talking about AI, they don't see use case for it.
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World class audacity from the executive director who intentionally excluded the Current Policies Scenario from the 2020-24 WEO & sanctioned a peak oil demand by 2030 message not that long ago.
@nimblephatty @kirkcoburn @collide_ai
Bloomberg@business
The head of the International Energy Agency walked into a Toronto hotel on Thursday with a message: This is your golden opportunity, Canada, so don’t mess it up. Read more in our Canada Daily newsletter. bloomberg.com/news/newslette…
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BDE 5.7.26 - Jawboning, Axios & Suspicious Crude Shorts | FANG’s DUC Hunt | AI’s Global TAM | Elon Becomes Anthropic’s Colossus Landlord | All My Children, PGA Edition
@nimblephatty @kirkcoburn @FracSlap @collide_ai
Watch it:
youtu.be/dtZLffAS2YI?si… via @YouTube
YouTube
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W. Mark Meyer retweetledi
Collide rolls out RIGGS AI platform to reshape oil and gas workflows - Energy Capital energycapitalhtx.com/collide-riggs-…
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@GeraldoRivera A little context for your apparent definition of “profiteering .” Reported net income (profit) margins 1Q’26:
XOM: 5%
CVX: 4.5%
AAPL: 29.3%
GOOG: 57%
META: 47.5%
MSFT: 35.7%
Nasty little facts always spoil a beautiful thesis.
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Oil companies are being unjustly enriched. They are war profiteers. POTUS should impose an excess profits tax. They are blood suckers.
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@Mothbooah Those kids’ daily screen time has to be flatlined near zero. Impressive.
ps - love a good mandolin picker. Bet one of them knows their way around a dobro, too.
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@FracSlap A good entrepreneur friend once said of this phenomenon: “he’s too important to waste his time, but he’ll damn sure waste yours…”
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VCs will ghost me after multiple meetings and time spent.
Investors from oil and gas will pick up the phone and call me to let me know they're passing on the deal.
There's an extremely wide gap in character and integrity between these industries.
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Spoke with CBC's Power and Politics this evening about the chaotic past 24 hours in the Strait of Hormuz and what it all means for oil markets.
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