Jump to content
View in the app

A better way to browse. Learn more.

Surly Horns

A full-screen app on your home screen with push notifications, badges and more.

To install this app on iOS and iPadOS
  1. Tap the Share icon in Safari
  2. Scroll the menu and tap Add to Home Screen.
  3. Tap Add in the top-right corner.
To install this app on Android
  1. Tap the 3-dot menu (⋮) in the top-right corner of the browser.
  2. Tap Add to Home screen or Install app.
  3. Confirm by tapping Install.

Football ... Basketball ... Baseball ... Other Sports ... Futbol ... 🤫995🤫 ... Gambling ... Movies & TV ... Music ... Hobbies ... Lulz ... Food & Travel ... Daily Texan ... Business & Markets ... Cloak Room ... Help ... For Sale ... Board Discussion ... Advertise... Tailgate Donations

Featured Replies

On 11/9/2022 at 9:01 PM, tx 3 putt said:

thinking outside the box ...

 

image.gif.0f134e6071fd778fd9d0d995bb2e5be6.gif

  • Replies 6.9k
  • Views 617.9k
  • Created
  • Last Reply

Top Posters In This Topic

Most Popular Posts

  • Pescado_Rojo
    Pescado_Rojo

    I bet you could score a Lafayette 10 for a mani/pedi gift card and a pound of boudin right now.  I was sitting in a Starbucks by the med center in Laffy once, and a brand new white Escalade, lift

  • If you're Trump right now, you're watching Fox News, eating a cheeseburger, and getting mad about the lyin' media and preparing your next tweet about how some lupus treatment should be given to your s

  • fattyflattie
    fattyflattie

    My time finally came last Friday AM. I have survived around a dozen, give or take 1-2, since ‘08.  I was consulting for a project set to go in ‘22, but with all the uncertainty, it sounds like they’ve

Posted Images

I think it’s a decent compromise to require new builds to have solar panels on them, might as well.  But existing ones is a bridge too far.  Some of those things are just glorified tents/canopies.  They can’t support the weight without massive retrofit and expense way beyond just the panels.  
 

plus there’s some parking garages that have no direct sun exposure for nearly the entire day because of orientation or other taller structures around them. 
 

maybe there’s codicils in this bill for that but my French to English administrative code translator app isn’t working.  
 

 

image.thumb.png.3787f2750a86d2ec97dc454cdd231354.png
image.gif.0949a38070e86126a6df76b5e07b206a.gif

I don't get it.  You have me on ignore (which is totally fine-I regularly follow your O&G posts for insight), but then you sandwich a screenshot of said ignore directive between photos of two dudes simulating ejaculation?  To prove what point again?  I mean, that's weird even for you dude. 

Anyone going to the executive oil conference?

Is that what's going on here in Midland today? Bunch of suits with badges walking all over downtown.

On 10/11/2022 at 5:36 PM, Storm the Field said:

Diamondback adds on to its core Permian acreage, buying up Firebird and its 68K acres in Midland and Ector for $1.6B.

FANG still gobbling up acreage, dropping another $1.5B today on Lario's midland-basin assets.

https://www.globenewswire.com/news-release/2022/11/16/2557661/22886/en/Diamondback-Energy-Inc-Announces-Northern-Midland-Basin-Acquisition.html

2 hours ago, BTW said:

Is that what's going on here in Midland today? Bunch of suits with badges walking all over downtown.

One was me. Conference was terrible. 

1 hour ago, Porterhouse said:

One was me. Conference was terrible. 

Did the quake shake Midland pretty hard?

CHIEF

45 minutes ago, CHIEF said:

Did the quake shake Midland pretty hard?

CHIEF

Just reading about it. I was in the air at 5:15 pm. Didn’t feel anything before then. But it’s a huge one and another black eye for the industry. Got to be related to SWD injection. 

14 hours ago, CHIEF said:

Did the quake shake Midland pretty hard?

CHIEF

Yep, I was driving so I didn't feel anything.  But several group text messages I'm on suddenly lit up with "holy shit did you guys feel that?" and the like.  It was described by a few as if a car had crashed into their office building.

Man, I'm glad I sold out of most of my commercial SWDs ... I'm sure there will be another (or expanded) Seismic Response Area in reaction to this one.

 

16 hours ago, Porterhouse said:

One was me. Conference was terrible. 

If you go to a terrible conference in the morning, you went to a terrible conference.

If you go to a terrible conference all day long, you're the terrible one.

(Only wrong Justified quotes)

I'm assuming this week is just the typical Thanksgiving selloff for WTI. Feel like there's always a price trough that arrives mid-November and lasts until New Years.

4 hours ago, Storm the Field said:

I'm assuming this week is just the typical Thanksgiving selloff for WTI. Feel like there's always a price trough that arrives mid-November and lasts until New Years.

If only there was some tool that allows one to confirm that. 

Tough week in crude town 🥲

14 minutes ago, 52-80 said:

Tough week in crude town 🥲

Don’t make a shit

1 hour ago, Porterhouse said:

Don’t make a shit

Speak for yourself i got alimony to pay

24 minutes ago, 52-80 said:

Speak for yourself i got alimony to pay

Grab your balls and buy some shit. 

I remember when venezuela was evil

6 hours ago, 52-80 said:

I remember when venezuela was evil

Far less evil than the domestic oil industry. 

image.thumb.jpeg.3f0adc3843f5c7bcb03f4bd24feb91cf.jpeg

From finally calling out his own industry for tacitly creating banking deserts in poorer neighborhoods, to the pitfalls of ESG allocation modeling, exposing wework's bullshit, to a societal failure to acknowledge the necessary evil of market-making our ability to find and deliver ~95mm barrels a day...I used to loathe him, but the "I don't give a fuck anymore" Jamie Dimon of the last few years, is awesome and much needed.  

 

WTI low 70s.
 

Why did the oil companies decide in unison to stop gouging people? Change of heart?

Lol.  Demand destruction moose out front should have told ya.  
 

I think 70s is still pretty viable right?  How low before ski boats and F250s are going to consignment shops?

2 hours ago, 52-80 said:

WTI low 70s.
 

Why did the oil companies decide in unison to stop gouging people? Change of heart?

I can’t tell whether or not this is serious. Probably should assume sarcasm. 

1 hour ago, Hefeweizen said:

Lol.  Demand destruction moose out front should have told ya.  
 

I think 70s is still pretty viable right?  How low before ski boats and F250s are going to consignment shops?

Show evidence of demand destruction. This downward movement makes very little sense and won’t last. 

Just now, Porterhouse said:

I can’t tell whether or not this is serious. Probably should assume sarcasm. 

Show evidence of demand destruction. This downward movement makes very little sense and won’t last. 

I was spitballing.  What else would explain a price decrease except reduced demand?  Unless secret Russian oil at 60 bucks price cap is flooding the market.

On 12/7/2022 at 2:23 PM, Hefeweizen said:

I was spitballing.  What else would explain a price decrease except reduced demand?  Unless secret Russian oil at 60 bucks price cap is flooding the market.

Fears of demand reduction. I’m asking for actual evidence that it’s occurred. I doubt it. 

Data continues to show wage inflation.  I fail to see how wage inflating the average fat fucking American is going to drive oil down.  Fundamentals gotta play out at some point.  

 

Next month or so should be interesting

On 12/8/2022 at 2:57 PM, Porterhouse said:

Fears of demand reduction. I’m asking for actual evidence that it’s occurred. I doubt it. 

WoodMac reported 4Q 2022 world oil demand was showing 1.2mm bpd lower year-over-year through the end of November.

(Was reported in their December short-term update for clarification)

 

Edited by oSuJeff97

11 minutes ago, oSuJeff97 said:

WoodMac reported 4Q 2022 world oil demand was showing 1.2mm bpd lower year-over-year through the end of November.

(Was reported in their December short-term update for clarification)

 

That surprises (me at least). I wonder if that can be attributed to pent up consumption in ‘21 relative to a clearly-down ‘20. I don’t get the sense demand has been down this year. 

5 hours ago, Porterhouse said:

That surprises (me at least). I wonder if that can be attributed to pent up consumption in ‘21 relative to a clearly-down ‘20. I don’t get the sense demand has been down this year. 

 

Well I don't know that it's down total year-over-year, but it's down (so far) 4Q over 4Q.  Since traders are forward-looking the 4Q slowdown has been weighing on the market.

China Covid lockdowns and economic slowdowns in Europe and the U.S. are the primary drivers.

I'd think that most traders are weighing (a) how much of an impact on demand any further China lockdowns will be (albeit China says they are relaxing some of them) and (b) the impact of continued interest rate hikes and whether or not there is any kind of material economic slowdown in the U.S. or Europe.

FWIW, the forecasters I read are generally expecting price to be under pressure in 1H '23 before demand picks back up by 2H '23 and the balances tighten again putting upward pressure on price in 2H '23.

But this is oil price we're talking about so... :D

 

41 minutes ago, Storm the Field said:

Only 3M barrels in this first buy, but it's a start.

If they actually buy back 180 million barrels the respect I have for him will grow from none to:

image.gif.d0aeb7ad66a010b686bf4bc7528f6c03.gif

Oliver Stone in Austin today to talk about nuclear power of all things   /csb 

1 hour ago, msucolt45 said:

Refiners are still making $$$ - just saying.

Hook’em!!

Dynamite drop-in Monty. 

Being a natural gas trader would put me in an early grave.

Let me tell you, fucking weather models - torcher after this cold shot
21 hours ago, Storm the Field said:

Being a natural gas trader would put me in an early grave.

I have a buddy who does it. He loves the thrill. 

23 hours ago, Storm the Field said:

Being a natural gas trader would put me in an early grave.

No, it’d make you money. Is there a more volatile commodity out there?  Traders thrive on volatility. 

I’d say gold is more volatile in terms of price fluctuation.  It just doesn’t trade at the volume that oil does.  

2 hours ago, YGIFS said:

I’d say gold is more volatile in terms of price fluctuation.  It just doesn’t trade at the volume that oil does.  

wut? 

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...
Football ... Basketball ... Baseball ... Other Sports ... Futbol ... 🤫995🤫 ... Gambling ... Movies & TV ... Music ... Hobbies ... Lulz ... Food & Travel ... Daily Texan ... Business & Markets ... Cloak Room ... Help ... For Sale ... Board Discussion ... Advertise... Tailgate Donations

Configure browser push notifications

Chrome (Android)
  1. Tap the lock icon next to the address bar.
  2. Tap Permissions → Notifications.
  3. Adjust your preference.
Chrome (Desktop)
  1. Click the padlock icon in the address bar.
  2. Select Site settings.
  3. Find Notifications and adjust your preference.