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11 comments

Buck
Buck Thursday 4th of July 2024, 08:00:11 PM

When you realize they’re in the kitchen

Ty_da_guy
Ty_da_guy Tuesday 2nd of July 2024, 01:58:24 PM

Good video but you missed a few key points. As you mentioned during the shale boom in the early 2010's companies were drilling for market share. The strategy was production growth. They would spend as much money as possible to acquire land leases and drill wells. The problem with that was shale wells have an extremely high decline rates. They may start off at say 1,200 bbls/day but after a few months are only producing at a couple of 100 bbls/day and after a year they produce at 50-100 bbls/day. When the price dropped due to the oversupply of the market caused by this flood of shale oil the companies could not pay back their loans. They did not simply decide to stop drilling, many went bankrupt or were purchased by larger companies. The reason the remaining companies are not picking up rigs and drilling more shale wells now when prices are high are 1) to grow production by drilling high decline rate wells you need to continuously drill more wells each year than the year before, this is a huge capital expense which will not produce an ROI, will flood the market, and cause the price to drop which will exasperate the problem. 2) Banks are not interested in lending money to producers who would do this again, as I said a lot of oil companies went bankrupt and a lot of banks lost a lot of money during the shale boom 3) Banks have a lot of social pressure to not invest in Oil companies so the money is simply not there to invest. Which leads me to the most important point which was missing from your video. You did not speak of conventional oil plays that do not have high decline rates, rather they produce tens of thousands of bbls of oil per day for 10-20 years. These are the plays that will increase supply and decrease oil/gas prices for the world. Since 2015 there has been a huge shortfall in investment in these projects which take 5-10 years to discover, develop and produce along with billions of dollars of investment. Banks were burned in the shale boom and along with the social/political pressure to shun oil & gas money was not allocated to this type of investment. Now that prices are high maybe we will see some more investment. Though at best this would take 5 years to see results as these large conventional plays are found in deep water environments that require many years of planning and engineering work. At worst this investment will not take place due to the fact that politicians across the world are saying they want to abolish fossil fuels. And who would invest billions of dollars knowing they could have their pipelines, leases or permits pulled at any time?

KB-pknb
KB-pknb Saturday 29th of June 2024, 12:29:57 AM

Best part to me is, all of this is going on around her and she's absolutely silent. LOL, not even defending herself from the insults nor the cold lol I love it

Landies
Landies Thursday 27th of June 2024, 10:10:24 AM

I need both hands on this one !!!

Xgray
Xgray Tuesday 25th of June 2024, 08:33:55 PM

Ela só sofre mds

OostVT
OostVT Saturday 22nd of June 2024, 07:13:32 AM

Jimmy Carr has the best laugh ever.

Iulianastere
Iulianastere Thursday 20th of June 2024, 01:17:37 AM

Apenes te das cuenta de donde saliste tu pobre de ti

Griffinkane
Griffinkane Monday 17th of June 2024, 01:40:17 PM

two Quicksilver, ghost rider, sinestro, and....

Carlosgeorges
Carlosgeorges Saturday 15th of June 2024, 10:07:51 AM

“I didn’t want you to die without knowing the feeling. Actually no woman should die without knowing the feeling.” Haha i love House so much ! 😂

Inthezone.
Inthezone. Thursday 13th of June 2024, 08:04:08 AM

I want it

Vinessacuasay
Vinessacuasay Monday 10th of June 2024, 01:13:29 PM

anyone who says women comedians don't compare to men should watch this clip. Brilliant!! Perfect delivery, timing just an awesome comic.