Member Info for oiluser

They have said it would be used to pay down debt. Alaska is a drill and and if successful appraise and sell up job. If no farm down in FI it will be delayed further.

well done PMO

Cant help but think that conventional is at war with shale. 60 ok for them but its a slow death for shale. Russia and Saudi in cahoots. PMO ok at 60 especially if zama comes through near expectation. Just a thought......

PMO will pay tax on ZAMA sale for sure to Mexico

a good partner to have,

You really should ignore it all. White noise an all that.

Anyone got rig count

Rigs dropping for 1 year. Production increasing. At what point does production start dropping or is this simply getting more for less due technology.

Was the most advanced country in ME until west decided it should be brought to its knees for failing to beat Iran. They are protesting for jobs, clean water, and electricity. Not because of religious divisions. Its convenient to say Religion.

Does anyone think the IPO has anything to do with tight band on oilprice. This to keep IPO offering at lower to mid end of anticipated oilprice going forward.

"can bomb/rob another state & walk away Scot free"

obviously yes, the US,UK,Fra,Ger,Rus,Isr, Aus, and god knows how many more are at it. Scoff free, maybe not, that's where the majority of the terrorism is coming from. Reprisals

Israel will select nuclear site targets as per first comment, the rest they could care less about unless its Iranians in Syria, Lebanon or Iraq. Targets already selected......

"indignant prawn" I love it!
Israel will select targets, Iran wont know who is bombing them.
But for sure there will be desolation in the Gulf oil industry within weeks of a start. Iran's first targets will be O & G facilities over military unless its defensive

one possible scenario

US wants the conflict, but between Iran and Saudi maybe with Israel having a say on some targets related to Nuclear industry.

Why, US knows that this conflict will endanger Oil supplies (my guess is 12MBO not including UAE oil, but rather than worry about it they are promoting it. They need oil prices higher too, or shale ultimately dies by its own. They also need the market space for that ever increasing capacity. Take Iran out, and Saudi with it they accomplish their wedge of energy dominance rather than dependence.

Cui Bono is always what I look at in these scenarios.

If the US takes out anything in Iran, the Saudi Oil industry will be demolished, and possibly UAE also. Thats why they dont pull the trigger.

5 days 30mbo off inventory 15 days 90mbo. The truth outs eventually. I bet next attack within a week. Just because they can

Cui Bono
Israel who have a recent history of blowing things up in Iraq, Syria and Lebanon and who lost a friend in the WH last week and are terrified the US will reach a new deal without leveling parts of Iran

Maybe Trump will but the market is going to evaluate the effect of this amateur attack against what would be at stake if Iran is attacked.

If the US and any of its puppies attack Iran, Saudi production will be targeted by accurate high impact missiles. They wont be fixing the damage over night. This is a warning. If Iran is attacked, there is no telling what other oil countries they will decide to take out. Probably under consideration is UAE.

If world loses 5 MBOD production for 6 months, what would that do to Oil prices?

When Pompeo's lips are moving you can be sure he is lying.

Of course, yet in 5 years of war the US only managed to show up at the UN once with shrapnel they claimed "may" have come from an Iranian supplied device. 5 years is a lot of inventory, surely there is more proof. Drones seem to be available off the shelf now.

Wouldn't surprise me if its a self inflicted controlled damage to boost prices and risk premium for oil