Highheat
@2020Upstream
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Follower of Jesus. Global Value Hunter. Tweets are NOT investment advice. Consult with a licensed professional.
Joined July 2018
Permian Basin $Oil wells are now declining 90% in the first 3 years.
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With a big $Oil rally, companies that will do best aren't profitable at current prices - or are even losing money in this environment (9 cent a cup).
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The two greatest headwinds for economic growth are interest rates/ $Oil $Gas prices. The focus of the cabal’s price manipulation has moved to reflect this. But just as we learned w $Gold $Silver, eventually we’ll face higher interest rates and exploding $Oil $Gas prices.
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Over the years we’ve noticed a recurring error behind these episodes: investors regularly confuse long cycles with true structural change. Cycles happen all the time; structural shifts, by contrast, are rare enough to practically count on one hand. $Oil @Go_Rozen
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I believe we've used at least 1/2 the world's $Oil reserves. Every barrel of $Oil we now produce represents a higher percentage of the world's remaining $Oil. Now add growing demand, a steepening decline curve, shale fatigue, Saudi spare capacity exhaustion.
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Why's $Silver $Gold $Oil under pressure? State trying to fix America using #PriceControls. Nixon - initially popular (inflation dropped temporarily), but caused shortages, distortions, black markets. Widely regarded as a failure; abandoned in 1974, followed by high inflation.
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Retail gasoline prices first hit $2.50 in 2005. $Silver was $6.50. $Oil is an incredible value here.
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Oh, to grace how great a debtor Daily I'm constrained to be Let Thy goodness like a fetter Bind my wandering heart to Thee Prone to wander, Lord I feel it Prone to leave the God I love Here's my heart, oh take and seal it Seal it for Thy courts above
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$Oil up 4 cents tonight, this is the breakout I’ve been waiting for.
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"One of the study's most startling revelations was that the sag and overlying basin formations (i.e., the sandstones found underneath Ghawar) had been eroded in the central region eons ago and had now been replaced by younger rock." -Schlumberger 1996 'Twilight in the Desert'
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"Perhaps the most stunning finding of these extensive studies was the absence throughout the region of the Arab D formation, the primary reservoir rock in the greatest onshore super-giant fields and the most productive source of Saudi Arabian $Oil."
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The global $Oil system has historically maintained three shock absorbers: strategic reserves, OPEC spare capacity, and excess production capability in non-OPEC suppliers. All three are now compromised. -Shabaka Anslem Perera @SheDrills
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The true, full cycle breakeven price of America's HZ tight $Oil wells is in the mid $90's. -Mike Shellman https://t.co/pT9fBRvL0q
oilystuff.com
Oily Stuff Blog; Oily News, Analysis & Opinions Oily Photographs, History, Videos & Cartoons Oily Humor & Short Stories About a Very Long, Oily Life
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The correlation between stock prices and strategic commodity prices is artificial. $Oil $Silver
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How to keep from selling your soul: 1. Know the Gospel. 2. Choose the praise of God over the praise of man. 3. Recognize there’s a spiritual war since Eden. 4. Allegiance to King Jesus. 5. Seek and enter His kingdom. -Psalm 2:2
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