Oil Prices hit $50 dollars first time in 2005 and we thought we hit the lottery. What has changed?? SHALE! Oil Prices are still profitable $50 dollar oil the same as 2005 if you are drilling at 2005 prices. Shale Oil has to use expensive fracs making $50 dollar oil unprofitable. Shale oil is falling […]
Oil and Gas Well Drilling Location discovery. Kim Drew ( ” Geologist ” ) and Dennis Bass ( ” Operator ” ) met yesterday to look over Reeves Micro Seepage maps and Kim’s structural maps to determine best locations for New Oil & Gas Well locations. Kim has a track record of 90% success rate […]
Oil prices spiked immediately after the U.S. killed Iranian General Qassem Soleimani on Thursday. Soleimani, as head of the Quds force of the Revolutionary Guard, was a very powerful Iranian official, often likened to a shadow foreign minister. Iran promised “severe retaliation,” and many analysts fear a broader regional war. At a minimum, attacks on […]
If your looking for 2019 tax deductions without just giving $$$ away without a return oil and gas is an option. Oil and Gas offers the best tax benefits and income out of all the investments offered. Tax Benefits of Oil and Gas Investing As will be evident from the discussion presented below, the tax […]
American Shale business was the fastest growing industry in America and now is slowing down faster than it grew. Shale companies are going out of business. They drilled shale while prices were low hoping oil prices would eventually rebound. Many companies are seeing the writing on the wall as banks are closing their doors to […]
China energy consumption, and the Trade War with the United States, the attack on Saudi Arabian oil and its subsequent sharp decline in production, and pushback on Chinese claims to oil and gas rights in the South China Sea have all been heavy blows to China in the past months. As China’s economy expands, so […]
Russia is making a power play for the Middle East. His only desire is greed, power, and fame. The Middle East Just did a deal with the devil! Putin continues to try to work his way into the good graces of the powers of OPEC. Putin’s focus is selling weapons, escalating tensions, increasing oil prices, […]
As Middle East tensions rise oil prices climb and America goes against Trump wishes. B1 bombers, anti air defense etc being shipped. America condemns Turkey & Iran for the recent attacks opening the door for US intervention. Saudi Arabia Bombed Iran Oil Tanker just hours ago! Pentagon holds news conference on Syria Secretary Esper is […]
With the vacuum from pulling us troops out of Syria we will see an escalation of military attacks in the middle east. First priority is take the oil! We have 30+ million barrels of oil a day being produced in the middle east and it’s all at risk without US intervention! Trump has brought turmoil […]
The reason why oil prices are stable even after rising tensions in Saudi Arabia and surrounding is because of shale. We can’t put faith in shale as the output is unmanageable due to low oil prices. It’s economic warfare on OPEC but it hurts shale too. Shale is a ponzi scheme at best.