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Saudi Arabia $150 dollars a barrel!

Saudi Arabia is begging Donald Trump for help. Iran is going to continue to bomb Saudi Arabia. Iran will stop when Trump lifts the sanctions. Trump’s not going to stop. Trump wants Saudi Arabia to buy weapons from America and defend it self. Saudi Arabia can’t afford a war as they are going broke. The media is not reporting this!

Subtitle Script:

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hey guys Sean Pruitt president of

Kingdom exploration exciting times in

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the oil business I’ve never seen

anything like this and I just can’t

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believe when I’m reading in the news

they have absolutely no idea what

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they’re talking about

I explained further let’s watch this

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video clip crown prince in a televised

interview Mohammed bin Salman describes

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a dark prediction should an all-out war

break out with Iran but in that same

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interview he talks about how he prefers

a peaceful resolution with the Islamic

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Republic RT correspondent sites have

injure has the details

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the Crown Prince of Saudi Arabia sent a

dire warning to the world saying crude

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oil prices will spike to unimaginably

high numbers in case of an armed

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conflict with Iran Mohammed bin Salman

made those comments during an interview

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with CBS the region represents about

thirty percent of the world’s energy

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supplies about 20 percent of global

trade passages about 4 percent of the

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world GDP imagine all these three things

stopped this means a total collapse of

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the global economy not just Saudi Arabia

or the Middle East countries now after

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the September 14 drone attacks on tour

Aramco what he’s saying what MBS is

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saying is he’s reminded Trump in those

private meetings he says like hey if

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something if if our economy is destroyed

the global economy is gonna be going

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with it he’s trying to get Donald Trump

to send his military over to help him

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fight but Donald Trump is interested in

selling him weapons and letting him

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protect himself ok but something you

have to understand Saudi Arabia’s going

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broke they need minimum $80 oil in order

to even break even this this year the

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the according to many stock

experts in the industry they estimated

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is pre-ipo stock to be worth upwards of

two trillion dollars and ramicus stock

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he can’t even raise a hundred billion

dollars on that thing it and that’s not

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a lot of money his country’s falling

apart he’s losing money they don’t save

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money they spend money and they’re

having a hard time raising capital for

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their their IPO because they need

minimum $80 a barrel in order for them

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to break even

who’s gonna invest in something like

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that and so they’re gone broke and Trump

wants to sell them military weapons so

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they could protect themselves versus us

getting stuck in the mud spending

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trillions of dollars anyways it for

Saudi Arabia to temporarily shut down

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roughly 50% of its output or more than

5% of the world’s daily crude production

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now the following week Brent crude was

as much as 20 percent to almost 72

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dollars per barrel now that might not

seem as high at the moments especially

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since we were about 130 dollars per

barrel in April of 2011 but that’s still

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the biggest jump on record and this is

why energy experts are currently citing

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figures between 100 and 150 dollars per

barrel for the price of oil if Saudi

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Arabia and Iran who picks highest and

third highs all the producers went to

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war now currently the price of crude oil

sits at about 55 dollars per barrel now

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the reason why we’re at 55 dollars a

barrel

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bottom line we’re producing too much oil

and it’s because of the u.s. it’s

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because of shale okay but I can’t get

through it I if so many people are under

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the impression that shale is just gonna

keep coming it’s never going in shale is

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it’s it is not long-term shale decline

curve is massive and it’s only getting

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worse with each well that they’re

drilling and if we look at the seeking

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alpha calm okay a bullish storm is

brewing but

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beyond the headlines if we look here

combined with the expected increase in

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exports a forecast drop and net imports

from September to October in excess of 1

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million barrels per day

and unless domestic production increases

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to offset this forecast drop total oil

oil storage will sharply drop in October

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and likely through the rest of the year

look everyone’s looking to America to

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fill the oil that’s why oil prices

aren’t skyrocketing to 2008 levels when

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they’re 160 dollars a barrel because

everyone thinks we’re gonna fill the

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order but we can’t shale is not gonna

fix the problem and if you look here the

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the shale rig count in the last 10

months the US oil rig count declined by

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approximately a hundred and eighty rigs

in the pace of decline has accelerated

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in the most recent four weeks look the

reason why rigs are being taken off the

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market because they’re not making money

shell companies u.s. shell companies

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cannot make money at fifty something

dollars a barrel they can’t afford it

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and and see the problem is the news the

news they don’t know how to prosper in

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oil and gas they they don’t have the 25

years experience I have an only gas they

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don’t know what it means for oil prices

to be as low as they have been for as

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long as they have and so bottom line

unless we have peace in the Middle East

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which is not happening we’re gonna see

another bomb on a key oil facility it’s

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gonna increase prices of course but in

time she’ll not fix the problem where we

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have to in order to maintain the daily

output the conventional oil well that

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we’ve been drilling since the 80s it’s

like this over a 20-year period shell is

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like this in one year

it’s like that it’s a massive decline

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curve and so the only reason why shale

has been able to maintain these high

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outputs okay

the we were producing like five million

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barrels a day and now we’re producing

like 16 million all because of shale

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that’s like an extra 10 million a day is

the reason why we’re able to produce 10

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million barrels a day of shale is

because we keep drilling oil wells in

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order to maintain that output number

okay but what happens when the rigs drop

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when we can stop drilling when there’s

no money to drill you’re gonna see a

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massive decline curve much quicker than

you would in conventional oil place so

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we cannot we cannot save the world

only Saudi Arabia has the ability to

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output the numbers that we need because

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Aleutian is much better than the

military one summon also said President

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Trump should meet with Iranian president

Hassan rouhani to craft a new deal on

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Iran’s nuclear program and discuss

Iran’s influence across the Middle East

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now sure

Saudi Arabia MBS is saying yeah Donald

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Trump’s gonna go have a nice chat with

Iran how’s that work for you I mean we

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know for a fact that Iran and in in

Donald Trump is not going to probably

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not even meet Trump just keeps turning

up the heat

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and so when Trump turns up the heat on

Iran it causes Iran to attack Saudi

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Arabia Saudi Arabia is asking Trump for

help

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Trump wants to sell military weapons

Saudi Arabia is out of money it round

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and round we go guys not only that Trump

has a election to win okay let’s

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continue

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Oh then bid 500 Saudi forces while

capturing another 10,000 now Cornell

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poonam of Saudi Arabia’s claim they are

true for the rebels in the five-year war

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and now new video claims to show Yemen

releasing prisoners and what could be

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the start of a much larger prisoner swap

well we got to get up to date on the

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Yemen war and how the United States is

connected we turn to former Pentagon

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official Michael Maloof simple answer is

the United States connected the United

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States is connected only only where Iran

can be clearly shown as being a problem

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plus we we continue to provide the the

arms and what have you to Saudi Arabia

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but they’re totally ineffective against

the type of tactics that are being used

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on the battlefield today and by the

Houthis they clearly have shown and

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demonstrated a capability that they were

not anticipated to have what is the size

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of capability of the rebel army

operating in Yemen right now at the time

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well right now they’re being able to

show that they can they can project

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power within the Saudi Kingdom and the

kingdom itself the Saudi Kingdom cannot

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stop it and now that is significant even

notwithstanding all the arms and all the

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capabilities of the soldiers supposedly

with training it shows that they that

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they’re incapable accounts of these

prisoners being taken the prisoners

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themselves are very upset with their own

leadership because they’ve been they

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haven’t been repatriated in any way they

haven’t been rescued nothing has

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happened and there’s quite a sizable

number that were captured and it showed

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a pincer movement and the only way you

can get that is by having with and and

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the pincer movement took place inside

the kingdom right which means the

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Houthis got help from within the kingdom

by people who are opposed to the regime

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and that’s the question that you’re

looking around because I remember a few

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weeks ago the United States was possibly

even gearing up for some sort of

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escalation of a war with Iran over oil

fields the salaries asked us for help in

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this case they’re getting their their

army captured possibly even killed yeah

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and we’re not hearing anything about

you’re not even hearing about it

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anywhere definitely why is that is that

why are we not hearing this story then

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we heard all about the oil fields I

think I think the US

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stunned by the capability of those oh

these were this pad that had this much

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power behind me I never projected this

kind of capability before the the lady

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mentioned the fact that how come no

one’s reporting this how come nobody is

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sharing what these guys are talking

about it’s because nobody know what’s

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knows what’s really going on I mean we

we spend seven hundred billion dollars a

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year on our military Apple the richest

company in the world is worth one

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trillion we spend more money than Apple

profits on our military we’re the most

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powerful military in the world okay and

we have to use our sophisticated

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technology to really know to what’s

going on but they’re saying we didn’t

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expect the Houthis to have this much

power so it makes you ask you know okay

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so they’re getting help from within

Saudi Arabia that’s interesting but

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where is Iran getting all this power

from is it coming from China is it

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coming from Russia is it coming from

Saudi Arabia

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what I’ve been saying all along what

I’ve been saying all along is that I

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wouldn’t be surprised if Saudi Arabia

cooperated with Russia and Iran to

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create a situation to cause oil prices

to go up I’ve been saying this all along

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and all of a sudden a bomb was dropped

just two days before I said hey a bombs

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gonna drop in Saudi Arabia wouldn’t be

surprised

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two days later there’s a bomb drop the

reason why I know is because it

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they are so predictable the a’m Kippur

War

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they stopped exporting oil to us what

did that do it tripled oil prices

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Society rate was like wait a minute

we sold less oil and made much more

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money hmm interesting

so what do they do they started

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manipulating oil prices by curbing

production backing up backing off on

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production okay and so that’s actually

wrong for them to do that because it’s

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causing the American economy GDP and

every other GDP around the world to

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up because they’re having to spend more

money on oil and less money on Walmart

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and gas and so because higher gas prices

until the the so we the Houthi is much

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stronger than we realized nobody

expected for them to bring military

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weapons to Yemen and have help from

within and bomb a key oil field in Saudi

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Arabia America wasn’t expecting it Saudi

Arabia wasn’t expecting it but I would

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not be surprised if there’s a lot more

involved here than just Iran alone we

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were sure that the Iranians were the

ones that attacked the Saudi airfields

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were drunk but what the Houthis were

able to demonstrate were two things

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number one they were able to show they

had a coordination of their air there

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their drones their electronic warfare

and the ability to strike accurately on

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the on the oil fields with help from

people from within who could help target

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then right after that a Houthi spokesman

said stay tuned because next week we’re

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going to be taking over large tracts of

of territory within the kingdom bingo it

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happened they warned us it was gonna

happen and guess what they’re

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continuously saying hey we’re gonna

continue to bomb Saudi Arabia but you

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know the rest in the media what are they

saying Reston media are talking about

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you know what Adam Schiff said or or

what some random you know Joe Biden who

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cares about what Bernie has to say I

could care less I mean back when Bush

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was in office there was enough garbage

on the news enough interesting things

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where this kind of news would have been

taking up morning news nighttime news

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every bit of news but people more

interested in in in in

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stupid lgbtq pap CT groups and whatever

I mean it’s ridiculous what’s happening

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in our country but anyways this is real

news

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Saudi Arabia’s fallen apart Trump isn’t

hasn’t sent any military and yet I mean

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they sent a few troops I personally

don’t think Trump’s gonna do anything he

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has it he has an election to win I don’t

blame him and at the same time he

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doesn’t want to spend a trillion dollars

and get stuck in the mud and start an

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endless war in Saudi Arabia we’re tired

of being the world’s police we’re

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spending too much money and this is an

opportunity to sell some military

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equipment and strengthen Saudi Arabia to

start fighting their own Wars but

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anyways very exciting times people a lot

of people are saying all prices are

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gonna go back up to 100 120 150 dollar

oil but even at 50 something dollars a

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barrel we can still make money in

conventional oil place I mean that’s

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what we were doing back in the 90s back

in the early 2000

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so anyways I’m Sean Pruitt and if you

have any questions feel free to call me

0:16:05.490,0:16:16.719

any time office numbers 307 6 2 2 1 6 4

5 3 o 7 6 2 2 1 oil Thanks

0:16:22.420,0:16:24.480

you

Oil Prices! America is the New Oil King. OPEC Saudi Arabia Iran Russia are going broke!

Oil Prices are low but not for long. The Shale Game is dying & OPEC/Russia is desperate. Trump keeping oil prices low is an act of war! 90% of Saudi Arabia and OPEC GDP is 90%+. Without Oil They Will Not Survive. Russia is in a similar predicament as Oil is 60% of their GDP. America doesn’t need Saudi Oil and we flaunt it in their faces every chance we get. OPEC has been manipulation oil prices and controlling the worlds oil supply for years. For the first time they have little control and they loose market share to America. Every time Saudi OPEC cartel cuts back America fills the order taking more market share. OPEC is desperately trying to find ways to increase oil prices!

Video Script:

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you guys Sean Pruett here happy Friday

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today’s casual Friday I don’t dress up

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nice on Fridays um a lot of people are

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wanting wondering what’s what the hell’s

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going on in the oil markets well Iran

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has been trying to suck us into a battle

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and it hasn’t worked for them

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Iran dropped bombs in saudi arabia and

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Saudi Arabia Russia Iran OPEC they were

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all hoping oil prices went up to 100

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something dollars a barrel now the

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reason why I know this I mean history

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repeats itself you follow the money okay

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I mean they don’t produce oil just to

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produce oil they’re doing it for the

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money they they love money more than

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anything okay

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OPEC loves money more than anything it’s

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where they get their power control and

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without it they’re nothing okay right

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now Saudi Arabia’s economy

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isn’t it cannot last much longer with

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these current oil prices I’m not gonna

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sit here and explain all the details to

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you but all the money that they have

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made by becoming the richest oil country

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in the world it is drying up faster than

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you can believe in order for them to

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break even this year oil prices need to

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be $80 a barrel that means they’re

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losing money right now

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not not only are they losing money

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they’re also losing market share right

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now and so they’re seeing their oil

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power

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dissipating 90% of their GDP is oil Iran

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same thing

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OPEC same thing Russia 60% of their GDP

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GDP is also what do you think they’re

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gonna do you think they’re gonna sit

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back now here’s here’s something you

0:01:56.430,0:02:03.920

guys have to understand they have been

0:01:58.820,0:02:03.920

manipulating oil prices for a long time

0:02:04.280,0:02:09.710

that’s the only way they know to

0:02:06.260,0:02:12.650

increase oil prices they control supply

0:02:09.710,0:02:14.600

and demand and they control oil prices

0:02:12.650,0:02:17.780

for the first time because of Donald

0:02:14.600,0:02:20.810

Trump they cannot control oil prices

0:02:17.780,0:02:24.620

we’re taking over market share and we’re

0:02:20.810,0:02:28.250

keeping oil prices low why it is to keep

0:02:24.620,0:02:30.620

the money out of the wrong hands every

0:02:28.250,0:02:34.670

single war that broke out in the Middle

0:02:30.620,0:02:38.290

East was funded by oil and oil alone

0:02:34.670,0:02:42.620

now I was reading an article today

0:02:38.290,0:02:46.130

Goldman Sachs sees opportunity right now

0:02:42.620,0:02:49.010

in the shell crisis shale oil here in

0:02:46.130,0:02:52.100

the US we went from producing 6 million

0:02:49.010,0:02:54.310

barrels a day to producing 15 million ok

0:02:52.100,0:02:57.530

that’s it’s almost an extra 10 million

0:02:54.310,0:03:00.470

barrels of oil a day because of shell

0:02:57.530,0:03:02.750

alone problem with shale is the it’s

0:03:00.470,0:03:05.390

very expensive because you need fracking

0:03:02.750,0:03:09.530

technology in order extract it and then

0:03:05.390,0:03:11.150

on top of that you need and on top of

0:03:09.530,0:03:13.220

that the decline curve is much higher

0:03:11.150,0:03:16.580

because if you’re going to manipulate

0:03:13.220,0:03:18.890

oil to get it out of a shale that was

0:03:16.580,0:03:20.900

never intended to extract oil it will

0:03:18.890,0:03:24.290

return back to what the original

0:03:20.900,0:03:26.180

porosity was over time so you frack the

0:03:24.290,0:03:28.190

hell out of it and then you produce as

0:03:26.180,0:03:30.950

much oil as you can but all of a sudden

0:03:28.190,0:03:34.030

it drops down to those low numbers again

0:03:30.950,0:03:37.190

so the decline curve is massive versus a

0:03:34.030,0:03:39.110

conventional oil well that is

0:03:37.190,0:03:41.780

sustainable it could produce like that

0:03:39.110,0:03:43.370

for 20 30 years but shale it might

0:03:41.780,0:03:45.200

produce for 2 or 3 years and then it

0:03:43.370,0:03:48.590

goes back to what she originally

0:03:45.200,0:03:50.209

intended which is nothing and so they

0:03:48.590,0:03:52.549

could either spend another 5 million and

0:03:50.209,0:03:54.170

go back and recompete the well or they

0:03:52.549,0:03:58.489

just let it sit there and dribble out

0:03:54.170,0:04:01.310

and so a lot of these shell companies I

0:03:58.489,0:04:03.560

was reading here the mountain of debt

0:04:01.310,0:04:06.140

looms just over horizon according the

0:04:03.560,0:04:08.090

Wall Street Journal between july 2019 in

0:04:06.140,0:04:10.070

the end of the year roughly nine billion

0:04:08.090,0:04:14.120

in debt was set to mature however

0:04:10.070,0:04:17.269

between 2020 and 2022 a whopping 137

0:04:14.120,0:04:19.519

billion in shale debt matures the

0:04:17.269,0:04:22.070

fracking industry does not have a viable

0:04:19.519,0:04:24.500

business model according to analysis at

0:04:22.070,0:04:28.669

the institute for energy economics and

0:04:24.500,0:04:30.560

financial analysis and so what what

0:04:28.669,0:04:33.380

they’re saying is they they don’t have a

0:04:30.560,0:04:35.000

viable business model the viable the

0:04:33.380,0:04:37.789

business model that they have in shale

0:04:35.000,0:04:40.100

is in order to maintain the output it

0:04:37.789,0:04:42.440

just keep drilling Shale wells well you

0:04:40.100,0:04:45.530

can’t take the profits from producing

0:04:42.440,0:04:47.800

Shale wells and put it into brand-new

0:04:45.530,0:04:51.910

Shale wells because

0:04:47.800,0:04:51.910

there’s not enough profitability

0:04:52.090,0:04:58.060

for everyone well that you drill in

0:04:54.550,0:05:00.940

order to maintain that peak number you

0:04:58.060,0:05:02.470

have to have three or four wells I’ve

0:05:00.940,0:05:04.600

been pumping for the last two years

0:05:02.470,0:05:06.100

because the decline curve is massive so

0:05:04.600,0:05:09.760

it becomes on line strong and then it

0:05:06.100,0:05:11.290

declines uh there there there there’s no

0:05:09.760,0:05:14.200

clear objective

0:05:11.290,0:05:17.350

it’s just drill like crazy and hope we

0:05:14.200,0:05:20.080

find a new technology or a new discovery

0:05:17.350,0:05:22.740

to help us with this shale problem but

0:05:20.080,0:05:26.270

they never intended

0:05:22.740,0:05:29.740

on shell

0:05:26.270,0:05:32.930

taking over they never intended for

0:05:29.740,0:05:36.440

shale to replace conventional oil wells

0:05:32.930,0:05:38.300

shale was just hey

0:05:36.440,0:05:41.140

there’s no other place to really develop

0:05:38.300,0:05:45.230

right now let’s give the shell game a

0:05:41.140,0:05:49.160

whirl and then it exploded with no plans

0:05:45.230,0:05:53.450

of it ever even considering replacing

0:05:49.160,0:05:58.760

oil see so we’re in for a massive

0:05:53.450,0:06:02.990

decline there there the hens have come

0:05:58.760,0:06:05.570

home to roost are the Roosters whatever

0:06:02.990,0:06:08.960

that saying is sorry I guess you know

0:06:05.570,0:06:12.669

the the debt is escalating in the shell

0:06:08.960,0:06:15.159

game and the longer oil prices are low

0:06:12.669,0:06:17.550

the more shell companies are going to go

0:06:15.159,0:06:17.550

out of business

0:06:20.030,0:06:24.949

Goldman Sachs says the current down

0:06:22.229,0:06:27.509

market represents a buying opportunity

0:06:24.949,0:06:29.849

through August of this year more than

0:06:27.509,0:06:32.129

190 shell companies have declared

0:06:29.849,0:06:34.949

bankruptcy since 2015

0:06:32.129,0:06:36.090

according to haynes and boone LLP so

0:06:34.949,0:06:38.610

bottom line here guys

0:06:36.090,0:06:40.199

oil prices have been low for a long time

0:06:38.610,0:06:43.169

shell companies are going out of

0:06:40.199,0:06:46.530

business developing shell wells is

0:06:43.169,0:06:49.740

declining massively the decline curve

0:06:46.530,0:06:53.340

the daily output of oil is declining

0:06:49.740,0:06:56.189

quickly as well so our output is

0:06:53.340,0:06:58.050

dropping tremendously and so right now

0:06:56.189,0:07:01.520

it’s cheap to buy leases is cheaper to

0:06:58.050,0:07:05.270

drill so you get in now

0:07:01.520,0:07:08.090

and as the as as oil the decline curve

0:07:05.270,0:07:11.840

increases as less wells are being

0:07:08.090,0:07:15.440

drilled oil output is going to drop

0:07:11.840,0:07:19.160

tremendously and of course when supply

0:07:15.440,0:07:22.370

goes down and demand goes up what do you

0:07:19.160,0:07:24.860

have and so oil prices are going to go

0:07:22.370,0:07:26.900

up with that okay that’s number one

0:07:24.860,0:07:29.569

okay shell is a flash in the pan that’s

0:07:26.900,0:07:31.039

not gonna last and Goldman Sachs is

0:07:29.569,0:07:32.539

saying it’s a buying opportunity that’s

0:07:31.039,0:07:35.479

number one number two

0:07:32.539,0:07:37.820

Saudi Arabia is gonna do whatever it

0:07:35.479,0:07:40.009

takes to increase oil prices they’re

0:07:37.820,0:07:41.330

sitting on one of the the largest pre

0:07:40.009,0:07:45.380

IPOs in the world

0:07:41.330,0:07:47.000

Saudi Aramco as a stock that is were and

0:07:45.380,0:07:51.020

they just put a small percentage of

0:07:47.000,0:07:53.030

their oil holdings onto the stock

0:07:51.020,0:07:56.030

exchange and it could be worth upwards

0:07:53.030,0:07:58.490

of two trillion dollars they are having

0:07:56.030,0:08:00.889

a hell of a time raising money for that

0:07:58.490,0:08:03.229

thing it should have been easy but the

0:08:00.889,0:08:09.590

problem is oil prices are low there are

0:08:03.229,0:08:11.479

countries unstable and oil it in in in

0:08:09.590,0:08:13.340

there they’re they’re not even profiting

0:08:11.479,0:08:14.930

right now so nobody in the right minds

0:08:13.340,0:08:16.639

really gonna dump a bunch of money in

0:08:14.930,0:08:18.710

this sink so Saudi Arabia is gonna do

0:08:16.639,0:08:20.330

whatever it takes to increase oil prices

0:08:18.710,0:08:23.479

whatever it takes

0:08:20.330,0:08:26.719

they only know to manipulate oil prices

0:08:23.479,0:08:30.919

they only know to manipulate they only

0:08:26.719,0:08:34.010

know to manipulate supply demand and in

0:08:30.919,0:08:36.979

the past they cut back on production but

0:08:34.010,0:08:38.930

now when they cut back on production oil

0:08:36.979,0:08:42.709

prices remain the same because we are

0:08:38.930,0:08:45.410

filling those orders that they normally

0:08:42.709,0:08:48.230

would be filling and so we’re we’re

0:08:45.410,0:08:51.010

taking market share the u.s. is taken

0:08:48.230,0:08:53.149

over we’re taking market share and

0:08:51.010,0:08:55.670

there’s nothing they could do about it

0:08:53.149,0:08:57.980

so the only option though the only other

0:08:55.670,0:09:02.029

option is dropping bombs on key oil

0:08:57.980,0:09:04.040

fields Russia Saudi Arabia OPEC Iran

0:09:02.029,0:09:07.270

they all know this that’s why Iran keeps

0:09:04.040,0:09:12.780

trying to draw us into a war

0:09:07.270,0:09:12.780

if America made a deal with Saudi Arabia

0:09:13.930,0:09:18.940

a deal that made our currency the most

0:09:17.680,0:09:20.410

powerful currency in the world that’s

0:09:18.940,0:09:22.800

called the petro dollar we made a deal

0:09:20.410,0:09:25.679

with Saudi Arabia

0:09:22.800,0:09:30.059

that if they would sell their oil in our

0:09:25.679,0:09:32.009

currency we will protect their assets so

0:09:30.059,0:09:34.710

we worked closely with Saudi Arabia to

0:09:32.009,0:09:37.380

protect their oil wells

0:09:34.710,0:09:40.740

and they sold our oil in US currency in

0:09:37.380,0:09:44.250

that currency every time Russia Saudi

0:09:40.740,0:09:46.410

Arabia every China India would buy a

0:09:44.250,0:09:49.050

barrel of oil they had to do it in US

0:09:46.410,0:09:50.280

currency making our currency the most

0:09:49.050,0:09:52.710

powerful currents in the world we have

0:09:50.280,0:09:56.749

central banking systems in every country

0:09:52.710,0:09:59.730

except for North Korea and Cuba

0:09:56.749,0:10:01.860

ninety-five percent of the transactions

0:09:59.730,0:10:03.299

are done in our currency so that made

0:10:01.860,0:10:06.809

our currency the most powerful currency

0:10:03.299,0:10:09.059

in the world now now we don’t need Saudi

0:10:06.809,0:10:11.189

Arabia more because our currency is

0:10:09.059,0:10:13.439

already powerful nobody’s going to use

0:10:11.189,0:10:18.540

any other currency to replace us I mean

0:10:13.439,0:10:20.429

at least for now and we produce more oil

0:10:18.540,0:10:22.670

than Saudi Arabia we produce more oil

0:10:20.429,0:10:25.199

than Russia we don’t need them anymore

0:10:22.670,0:10:28.410

these guys are falling apart their

0:10:25.199,0:10:30.689

economy was based upon SOT upon the

0:10:28.410,0:10:34.019

relationship with America now we cut

0:10:30.689,0:10:35.610

them off now we are still allies but we

0:10:34.019,0:10:37.319

haven’t even sent in military aid to go

0:10:35.610,0:10:39.569

out against Iran they were expecting it

0:10:37.319,0:10:41.870

didn’t happen and so Russia is sitting

0:10:39.569,0:10:44.399

there like hmm

0:10:41.870,0:10:46.380

America is pulling out and they’re not

0:10:44.399,0:10:49.740

even really doing anything iran’s

0:10:46.380,0:10:52.170

thinking in bullshit the bushes would

0:10:49.740,0:10:53.520

have sent tanks in by now so here’s my

0:10:52.170,0:10:56.550

point

0:10:53.520,0:10:58.680

if there are some dirty politicians in

0:10:56.550,0:11:01.530

America that did a deal with Saudi

0:10:58.680,0:11:04.170

Arabia in

0:11:01.530,0:11:06.270

wrote things in the law to protect that

0:11:04.170,0:11:09.560

relationship making Saudi Arabia one of

0:11:06.270,0:11:09.560

the richest countries in the world

0:11:09.970,0:11:13.319

funding terrorism

0:11:14.480,0:11:22.010

hi how much more would Iran not make a

0:11:20.360,0:11:26.750

deal with somebody like Saudi Arabia

0:11:22.010,0:11:31.750

Russia somebody to try to draw America

0:11:26.750,0:11:35.839

into a war to make Saudi Arabia Russia

0:11:31.750,0:11:37.970

Kuwait Iran every country in the Middle

0:11:35.839,0:11:43.339

East richer because all they do is make

0:11:37.970,0:11:46.220

money from oil 8% of our GDP is oil 90%

0:11:43.339,0:11:47.329

of their GDP is oil you guys not see the

0:11:46.220,0:11:51.610

big picture here

0:11:47.329,0:11:51.610

oil is king – these guys

0:11:52.030,0:11:55.110

without it

0:11:55.220,0:12:01.800

they’re going to start

0:11:58.639,0:12:06.029

America’s starving the very thing that

0:12:01.800,0:12:07.270

funds all of the terror in the Middle

0:12:06.029,0:12:09.580

East

0:12:07.270,0:12:12.670

everything you take oil away from Russia

0:12:09.580,0:12:14.649

where they have 40% of our GDP I mean

0:12:12.670,0:12:18.430

they’re already already faltering as it

0:12:14.649,0:12:19.510

is you take away Saudi Arabia’s oil 90%

0:12:18.430,0:12:23.529

of their GDP is gone

0:12:19.510,0:12:25.029

if we keep oil prices as low as they are

0:12:23.529,0:12:27.220

they’re not profiting right now but if

0:12:25.029,0:12:34.060

we keeping them as low as they are right

0:12:27.220,0:12:36.790

now Russia Saudi Arabia Iran Kuwait all

0:12:34.060,0:12:41.830

of those countries overseas are gonna

0:12:36.790,0:12:44.170

fall in so my point is is that something

0:12:41.830,0:12:44.410

is gonna happen Russia’s not gonna allow

0:12:44.170,0:12:46.029

it

0:12:44.410,0:12:47.830

Saudi Arabia’s and not going to allow

0:12:46.029,0:12:51.220

this Iran is not gonna allow this

0:12:47.830,0:12:54.550

they’re gonna do something hastily

0:12:51.220,0:12:58.260

because it’s either oh hey let’s let our

0:12:54.550,0:12:59.580

country fall or

0:12:58.260,0:13:03.640

we could do something about it and

0:12:59.580,0:13:07.240

they’ve always manipulated oil prices

0:13:03.640,0:13:12.850

they have always done something to

0:13:07.240,0:13:16.200

viciously increase oil prices so shale

0:13:12.850,0:13:20.060

is is falling apart

0:13:16.200,0:13:25.540

which is gonna cause a higher demand

0:13:20.060,0:13:28.240

less oil higher demand and so

0:13:25.540,0:13:30.579

and in in in saudi-arabia stock a lot of

0:13:28.240,0:13:31.510

their country to go into default and

0:13:30.579,0:13:33.760

lose everything

0:13:31.510,0:13:35.649

so I don’t know what’s gonna happen in

0:13:33.760,0:13:37.959

the short-term but I’m telling you right

0:13:35.649,0:13:40.180

now now is the time to get involved with

0:13:37.959,0:13:43.690

oil oil prices are low Lesa Lesa

0:13:40.180,0:13:46.089

acquisitions are low drilling right now

0:13:43.690,0:13:49.750

is the activity is dropping tremendously

0:13:46.089,0:13:51.699

and so it’s causing people to be more

0:13:49.750,0:13:53.320

willing to work with you and drill at

0:13:51.699,0:13:55.029

cheaper rates so everything is much

0:13:53.320,0:13:57.399

cheaper right now good time to get

0:13:55.029,0:13:59.260

involved in oil and gas and on top of

0:13:57.399,0:14:03.250

that we know oil prices are gonna go up

0:13:59.260,0:14:04.630

and if you don’t believe the demand for

0:14:03.250,0:14:07.180

oil is going to increase and then you’re

0:14:04.630,0:14:10.449

believing the left side if you’re a

0:14:07.180,0:14:12.519

liberal and or you’re a Democrat I’ve no

0:14:10.449,0:14:13.839

offense but a lot of the things that

0:14:12.519,0:14:17.430

you’re hearing in the news and I think

0:14:13.839,0:14:20.649

most Democrats would agree most of it is

0:14:17.430,0:14:24.100

garbage and in it’s it’s not even

0:14:20.649,0:14:26.440

remotely true people are saying the

0:14:24.100,0:14:27.699

economy is falling apart our economy is

0:14:26.440,0:14:30.190

as strong as it’s ever been

0:14:27.699,0:14:32.620

our workforce is strong it’s ever been

0:14:30.190,0:14:34.269

and so CNN could get on there and say

0:14:32.620,0:14:39.959

certain things but it’s not even true

0:14:34.269,0:14:39.959

I’ve been following oil since

0:14:40.920,0:14:48.190

over the last 25 years since 94 and one

0:14:46.330,0:14:51.010

thing I’ve learned about the news is

0:14:48.190,0:14:53.620

that they don’t know what they’re

0:14:51.010,0:14:56.350

talking about you really need to follow

0:14:53.620,0:14:57.790

the experts there there’s there’s some

0:14:56.350,0:14:59.020

really intelligent guys out there that

0:14:57.790,0:15:03.280

really know what they’re talking about

0:14:59.020,0:15:05.350

but at the end of the day oil is the

0:15:03.280,0:15:09.040

most important commodity in the world

0:15:05.350,0:15:11.290

it’s what fuels all of our vehicles it’s

0:15:09.040,0:15:15.670

what gives energy to our homes

0:15:11.290,0:15:17.200

it’s what fuels wars without it we would

0:15:15.670,0:15:22.890

be dead in the water there are so many

0:15:17.200,0:15:26.260

byproducts to oil our airplanes plastics

0:15:22.890,0:15:29.650

there are so many applications to oil

0:15:26.260,0:15:33.040

that you have no idea cars are one part

0:15:29.650,0:15:37.210

of that whole application the byproduct

0:15:33.040,0:15:40.150

of oil you you it’s gonna take 30 40

0:15:37.210,0:15:42.090

years to replace oil and are they going

0:15:40.150,0:15:46.460

to replace it

0:15:42.090,0:15:50.310

I don’t know but oil is a non-renewable

0:15:46.460,0:15:50.880

substance there’s there’s whatever is in

0:15:50.310,0:15:53.510

the ground

0:15:50.880,0:15:57.810

there’s we’re not gonna create any more

0:15:53.510,0:16:00.540

okay so alright guys happy Friday

0:15:57.810,0:16:02.610

and if you ever have any questions feel

0:16:00.540,0:16:04.860

free to call me office number is three

0:16:02.610,0:16:07.140

oh seven six two two one six four five

0:16:04.860,0:16:11.750

once again that’s three zero seven six

0:16:07.140,0:16:11.750

two two one oil thanks

It’s all about Saudi Aramco

Saudi Oil King and China come together for Oil Prices

I’ve followed oil news since I was a child receiving oil revenue at the young age of 6 and making my first investment in oil at age 16. There are so many different opinions regarding oil prices and it’s hard to know who to believe anymore. Everyone needs to understand something. Saudi Arabia will do what ever it takes to prop up the Pre-IPO Aramco as it could be worth twice as much as Apple at a potential of 2 trillion dollars. Can you imagine sitting on a potential IPO worth more than Google? There is only one hurtle and that’s $80 dollar oil. Until oil hit’s $80 Aramco will not go public. If you were low moral Saudi Arabia and you needed oil to be $80 to potentially make your Pre-IPO worth more than Amazon and Microsoft combined what would you do in their shoes? They are playing chess and not getting the results they want. Why? TRUMP! He’s the only one not playing by the rules of OPEC. If you follow the news you have to wonder why China, Russia, and Saudi Arabia seem to be getting along. One word… Aramco! Russia and China have been said to be the biggest investors in the stock. China is the biggest importer of oil and they just signed a 5 year agreement with Aramco to buy 1.67MM BOPD. Talking about securing your future! Keep and eye on Russia, China, and Saudi Arabia. If they can’t raise oil prices to $80 by simply curbing production they will find another way. I’d like to throw out some scenarios but I don’t want to sound like a crazy conspiracy theorist. We will see in the coming months.

Sean Pruitt President of Kingdom Exploration LLC

Unrealistic notions surround energy decision-making

Todd Bennington | Kingdom Exploration Media
kingdomexploration.com

As the articles linked to below suggest, there seems to be an increasing tendency for politicians, other decision makers, and even business people to make policies in regard to energy based on what is politically fashionable rather than what would have the most benefit for the majority of people involved.

The solution to all concerns about the detrimental effects of fossil fuels on the environment would obviously be for people to voluntarily return to the modes of living that existed prior to the Industrial Revolution — yet very, very few people seem willing to embark on such a course.

Instead, the wish generally seems to be to enjoy all of the benefits of modern living brought about by fossil fuels whilst trying to throw up obstacles to the industry that provides them.

As a proposed alternative, there’s lots of insubstantial talk of “alternative energy sources,” few of which appear to yet be cost effective or widely available, or else rely on technological innovations that have yet to be fully made.

It would seem that policies based on wishful thinking and idyllic conceptions of pristine nature can only prove at some point disastrous.

https://www.npr.org/2018/02/08/583407248/california-may-have-a-way-to-block-trumps-offshore-drilling-push

https://www.forbes.com/sites/judeclemente/2018/02/08/more-oil-and-natural-gas-invalidate-keep-it-in-the-ground-movement/#22f80311106f

https://www.cnbc.com/2018/02/07/norways-statoil-ceo-says-energy-transition-is-driving-diversification-away-from-oil-and-gas.html

Tverberg on globalization

Todd Bennington | Kingdom Exploration Media

The below article by Gail Tverberg at Oilprice.com is something of a mixed bag. Doom-and-gloom predictions as to the finite nature of energy resources should probably be taken with a grain of salt. Still, it contains some salient truths regarding globalization that most major media sources are reticent to discuss. These include the fact that unrestrained immigration leads to lower wages for the working class, the tendency for developed countries to lose jobs to newly globalized developing countries with lower environmental and labor standards, and that the election of leaders with a nationalist orientation like Trump are the natural reaction of the electorate to the problems inherent in globalization.

The globalization process is typically presented in journalistic and academic settings as a problematic but ultimately inevitable result of market economics and technological developments. However, it’s arguably actually an ideology driven by the policy decisions of those who stand to benefit from it.

https://oilprice.com/Energy/Energy-General/How-Globalization-Will-Create-An-Energy-Crisis.html

Debating the accuracy of the EIA’s predictions

U.S. Energy Information Administration

Todd Bennington | Kingdom Exploration Media
kingdomexploration.com

OPEC production cuts and per-barrel prices that recently went as high $65 are being counterbalanced by the U.S. Energy Information Administration’s prediction that U.S. crude production for the upcoming year will be record-setting. [1]

The agency is not without its detractors, however, who say it is overestimating things like the ability of technological developments to continue at a pace that enables increased production [2] while underestimating a turn by shale companies to the more disciplined approach of taking advantage of higher prices to pay down debt rather than expanding drilling operations. [3]

In a recent article at Seeking Alpha, Richard Zeits defends the EIA, saying that its critics need to better demonstrate where the agency’s calculations are allegedly breaking down and present their own detailed quantitative analysis as a basis for comparison. He goes on to say that criticism of the agency would ideally be part of a constructive discourse that helps it improve is forecasting process.

Zeits also notes that it’s the “least protected” category of investors who are most likely to be harmed by listening to possibly unsubstantiated claims made on blogs and in major media.

[1] https://www.reuters.com/article/us-usa-oil-eia-outlook/eia-raises-2018-u-s-oil-output-forecast-to-highest-on-record-idUSKBN1E62IP
[2] https://oilprice.com/Energy/Crude-Oil/Is-The-EIA-Overestimating-The-US-Shale-Boom.html
[3] http://www.pantagraph.com/business/investment/markets-and-stocks/this-oil-tycoon-thinks-the-u-s-government-s-oil/article_156fa0f7-a062-5ed3-8922-f15f1632675c.html
[4] https://seekingalpha.com/article/4131270-crude-oil-eia-bashers-check-numbers?source=all_articles_title

Extension of oil production cuts may mean higher prices in 2018

OPEC

Todd Bennington | Kingdom Exploration Media
http://kingdomexploration.com

OPEC and non-OPEC producers agreed last Thursday to extend oil production cuts that were set to expire in March until the end of next year. A meeting to review the agreement with an eye toward making any necessary adjustments has been scheduled for June.

Citing also the uncertainty surrounding social and political changes occurring in Saudi Arabia, at least one analyst predicts this could mean oil could reach $80 per barrel next year. [1]

Other factors potentially affecting oil prices include how the political situations in places like Libya, Nigeria, Venezuela, and Iraqi Kurdistan stabilize or deteriorate – as well as how U.S. producers react to price increases.

“If producers in the U.S. increase their rig count over the next few months due to higher prices then I expect another price collapse by the end of 2018,” an executive with one of the Permian Basin’s largest producers is quoted by Reuters as saying. “I hope that all U.S. shale companies will maintain their current rig counts and use all excess cash flow to increase dividends back to their shareholders.”[2]

[1] https://www.cnbc.com/2017/11/27/brent-crude-oil-may-hit-80-in-the-next-year-says-jim-oneill.html

[2] https://www.reuters.com/article/us-opec-meeting/opec-russia-agree-oil-cut-extension-to-end-of-2018-idUSKBN1DU0WW?il=0

Saudi leader’s recklessness could drive up oil prices

Skyline of Saudi capital Riyadh

Todd Bennington | Kingdom Exploration Media

Dr. Cyril Widdershoven writes in a recent article at Oilprice.com that the liberalizing reforms and anti-corruption push of Saudi Crown Prince Mohammed bin Salman (MBS), as well as potential Arab conflict with Iran and its proxies such as Hezbollah, may very well cause a dramatic and sustained increase in oil prices. That is certainly true, but at what cost?

Widdershoven is dismissive of investors around the world who have expressed fears that MBS has “overplayed his hand, causing instability in the country and the region” through his arrest of various prominent Saudi royals and businessmen. Widdershoven goes on to laud MBS for “being unafraid to make dramatic changes to outdated social structures within the kingdom.”

It seems more likely that investors’ fears are well-founded. MBS has made far more enemies than friends among the Saudi establishment through his brash moves. Neither is it clear that Saudi society is destined to keep moving along a trajectory of Western-style reform without significant pushback.

MBS also represents a serious potential liability for the United States. With U.S. support first given by the Obama administration, the Saudis are currently presiding over a blockade of the impoverished country of Yemen in an effort to punish the Houthi rebels who have taken control of much of that country. But, of course, it’s children, the elderly, and the infirm who are bearing the brunt of the imposed shortage of food and medical supplies, and the situation is developing into a politically embarrassing humanitarian disaster.

Likewise, with less than half the population of Iran, the Saudis would likely need U.S. backing to prevail in any prolonged military engagement. After Afghanistan, Iraq, and Syria, it’s questionable whether at this juncture that’s something that the U.S. would be willing to commit itself to.

Widdershoven’s article can be found at: https://oilprice.com/Geopolitics/International/Saudi-Corruption-Crackdown-Could-Permanently-Boost-Oil-Prices.html

Oilprice.com editor says IEA wrong on shale

Permian Basin oil rigs

Todd Bennington | Kingdom Exploration Media
kingdomexploration.com

The International Energy Agency is overly optimistic about the potential for shale production growth over the next decade, writes Oilprice.com editor James Stafford in an article published on Nov. 16.

Stafford cites a handful of reasons why shale may very well not live up to expectations, first noting the steep decline rates seen with shale as opposed to conventional wells.

“(Shale) drilling is like running on a treadmill—more and more wells need to be drilled just to keep production flat,” Stafford writes. “The extraordinary rate of drilling over the past few years means that the industry not only needs to keep going at that frenzied pace, but it needs to expand its rate of drilling to add more barrels.”

Other reasons shale may underperform, according to Stafford, include the fact that prime locations are given drilling priority, meaning it will be less desirable spots that will be left to drill as time goes on. Shale is also considerably less profitable than generally thought, regardless of where oil prices are at, Stafford claims, adding that the industry is being largely driven by what he calls “loose credit” and investors with unrealistic expectations.

In further support of his argument, Stafford goes on to cite skepticism on shale expressed by investment firm Morgan Stanley and an apparent trend seen among some petroleum companies to scale back drilling in favor of paying down debt, which will have a further negative effect on production growth.

The full article is available at: https://oilprice.com/Energy/Oil-Prices/The-IEA-Is-Grossly-Overestimating-Shale-Growth.html

Oil prices could go to $70 a barrel in 2018, analyst says

Arthur Berman
Art Berman

Todd Bennington, Kingdom Exploration Media

In a recent article published at oilprice.com, petroleum geologist Art Berman modifies his prior conservative stance on the likelihood of continued significant oil prices increases, writing that West Texas Intermediate (WTI) prices between $60 and $70 per barrel are almost certain early next year and could very well rise above $70.

Some of the important takeaways from Berman’s article include the following:

• U.S. inventory oversupply is ending due to a combination of increased exports of crude oil and increased domestic consumption.

• Increased oil exportation is the result of an increased price spread between Brent and WTI, allowing U.S. exports to be sold abroad at prices lower than international averages but higher than what they can be sold for domestically. Also, U.S. refineries tend to prefer heavier crudes over WTI.

• Increased consumption primarily from vehicle usage has contributed to the draw down in inventory. It is questionable whether such consumption can continue in the long run as increasing gas prices will discourage consumption by drivers. According to Berman, WTI at $70 a barrel would result in gasoline costing an extra $1 per gallon.

• Higher oil prices are good for oil companies but bad for consumers and can stifle general economic growth both globally and domestically.

• Berman suggests that tight oil plays do not have sufficient reserve potential to meet global supply needs and that will mean more reliance on deep-water projects, which are expensive and have longer development timelines.

Read Berman’s article at https://oilprice.com/Energy/Oil-Prices/Can-WTI-Hit-70-In-2018.html.