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| The Bakken/North
Dakota Return To Top Of Page |
| They
Say It's So The Info Told To Local's That The USA Has Proven Reserves Greater Then Saudi |
| Bakken/North
Dakota
- Boom Or Bust Data For Bakken - Production - Decline - Hype - Equity - The Burgum Challenge Two Million Barrels A Day - Wood Mac Study USA To Produce 27 Million Barrels A Day By 2030 - The Equity Debt Spiral |
| North Dakota Tax
Gimmicks The Governor Is Calling For Budget Cuts - While The State Is Sitting On $8.7 Billion In Cash Of Taxpayer Equity |
| Bakken/North
Dakota
- Real Estate Boom Or Bust - Permits - Sales -
Hype - Equity "If The City Folk Have Their Way The Valley Will Die" - Orlin Hanson - Vanishing Minot |
| Hydraulic Fracking - Going To Far Hidden Beneath The Ground ? Biocides |
$4.0 Billion Cracker Plant To
Be Built 1st Plant Announced Oct. 2014 - 2nd June 2015 - 3rd Sept. 2016 Will There Be A 4th, 5th & 6th? |
The Game Changer Of Shale (Tight) Oil Its The Water! Yes Water With Biocides |
| The
Coming Bust In North Dakota ? |
Drilling
Deeper - 2018 A REALITY CHECK ON U.S. GOVERNMENT FORECASTS FOR A LASTING TIGHT OIL & SHALE GAS BOOM |
What If The Boom Is Just A
Bubble |
| Glomerulonephritis | Glomerulonephritis You Assume The Position Therefore Know The Price From the Exposure To Hydrocarbons & Chemicals |
Glomerulonephritis & Chemicals |
| Flint Hills Resources - Oil Price | Market Price
- Bakken Sweet Crude Return To Top Of Page |
Plains Marketing - Oil Price |
"Finally we have an opportunity to go out and explore for oil and drill without fear of price collapse." Harold Hamm - 10 - 2011
"How North Dakota Became Saudi Arabia" Without An IPO!
Dont Hold Your Breath For $70.00 Oil - & The Demise Of The Bakken
& The Coming Economic Disaster When They Do 02/2017
Even The President Has A Problem With The Price Of Oil - Is He Throwing The Frackers Under The Bus Or Saudi?
It Is Expensive Energy & War That Are The Net Destroyers Of Economy's!
No He Is Throwing Americans Under The Bus - His Tweet Was Fake News - Energy Independence - Bend Over
If Energy Independence Was Real - American Producers Could Ramp Up Production & Bring Prices Down. No Russia & Saudi Will Make It Happen. If They Choose To.
When the US Needs Oil - Who do they call? They call OPEC June 2018 - Trump Pleads For More Oil - OPEC Can - US Can't
As of 06-22-2018 OPEC Is Not Responding To The King - Oil is up just shy of $6 dollars a barrel in a week. So Much For Energy Independence.
So Very Bizarre. The King Of Energy Independence Has To Have Hope For OPEC. Rudolf Diesel originally used coal dust until Bosch created an injector.
With the Kings Love of Coal perhaps we need to go back to coal dust engines. Then we can have CPEC.
Bosch was a man of peace and nature, he left behind a company and foundation Robert Bosch Stiftung GmbH with annual revenues of some $91 Billion.
| Five Year Average 2013 to 2017 - Low $36.28 - High $67.17 |
Ten Year Average 2008 to 2017 - Low $39.24 - High $78.45 |
Fifteen Year Average 2003 to 2017 - Low $33.78 - High $70.13 |
Bakken Sweet Crude Futures - Flint Hills Resources Futures - Years 2000 To 2018
Bakken Sweet Has Only Traded & Closed In A Year Time Frame Above $60.00 - Four Of The Past Eighteen Years
Price Per BBL - Time Frame One Year Candles
So I say I say
welcome, welcome to the boom town Pick a habit We got
plenty to go around Welcome, welcome to the boom town
All that money makes such a succulent sound Welcome to the boom town
Welcome To The Boom
TownAll that money makes such a succulent sound Welcome to the boom town
| Five Year Average 2013 to 2017 - Low $48.19 - High $79.51 |
Ten Year Average 2008 to 2017 - Low $52.90 - High $93.95 |
Fifteen Year Average 2003 to 2017 - Low $49.38 - High $85.21 |
NYMEX - WTI - /QM - Light Sweet Crude Futures - Years 2000 To 2018
WTI Has Only Traded & Closed In A Year Time Frame Above $60.00 - Eight Of The Past Eighteen Years
Price Per BBL - Time Frame One Year Candles
Is Unconventional Unproven Leading To Gas Condensate Not Oil ?
Is All The Oil In The Strategic Reserve Contaminated?
The US Is Selling Contaminated Oil? 03-2018
Oil In A Month Chart
Does It Look Like Oil Has Found A Bottom? - Is It Breakout The Drill Bits Yet? - Drill Baby Drill
"Oil Pioneer Harold Hamm Warns Fellow Producers: Don't Drill Yourself Into Oblivion - 06-2017"
Amazing how Trump leaving the Iran Deal can move the price of Oil
Yet alone it is Expensive Energy & War that are the Net Destroyers of Economy's!
This Is Energy Independence - Price Is Soaring - Oil Being Exported - Bend Over
Now Saudi & Russia will open the Spigot - American Energy Independence Is Fake News
Price Drops On That News 5-25-18 - The USA Has No Spare Production - Yet Alone The USA Is Exporting Oil Abroad
It would take ten's of thousands of new wells to even come close to the daily consumption of the USA - Brought Online Today
Energy Independence Is & Always Will Be On Life Support - Russia & Saudi & Iran Have The Oil - The USA Has Fast Declining Wells & Debt
When the US Needs Oil - Who do they call? They call OPEC June 2018 - Trump Pleads For More Oil - OPEC Can - US Can't
6-22-2018 OPEC did not respond to his pleas. Need another 100,000 wells in the US today!
Well I don't mind stealing bread From the mouths of decadents
But I can't feed on the powerless When my cup's already overfilled
Temple Of The Dog - Hunger Strike
Does Anyone Think Any Of This Wont End Well
S&P 500 Index Price Overlaid With The Price Of Oil - As Of 2018
The Divergence Of Reality Continues
| Arresting The Decline Return To Top Of Page |
"The hard reality is this: propping up zombie oil companies is only going to make the downturn last longer."
Who Should You Call To Arrest The Decline
What A Irony. Arresting The Decline. Long before oil price went in the toilet, Decline was everywhere. No one spoke much about her.
They seemed to deny that she was everywhere. They just kept feeding her and giving her more and more to decline.
They shrugged her off in quarterly conference calls. Experts and everyday people with calculators warned of her. Wrote of her, charted her.
Respected her. Warned of the day she would overtake their enabling addiction of drilling. Tryed to come up with ways to shut her down,
That just don't work in tight oil. So to have her arrested, who do you call? The police, the E&P's, the FBI, the NDIC, the TRRC, the media,
the banks, Wall Street. Probably all of the above. It will be difficult, very difficult to bring her in, she is lurking at every lease, behind every
pump, in every production tank. She is in the paper work, the permits, the earnings, she is the thought that crosses the mind and is brushed off.
Updated When All Three Report Same Month Data
Bare In Mind - Increased Production Only Seems To Decrease Price
The Combined Production Of The Three Largest Play's - Bakken - Eagle Ford - Permian Basin - Current Mar. 2018
3,799,456 bbls oil a day - Divided by (2008 to Current) 113,667 Wells - Is 33.4 bbls oil a day per well. 113,667 Wells Times An Estimated $8 Million Per Well Is $909.3 Billion
2018 Combined Production Of The Big Three - Bakken / ND - Permian Texas - Eagle Ford Texas - YTD Mar. 2018 - Down 57,360 Barrels A Day
Year To Date Mar. 2018 - Bakken Production Is Down 20,765 bbls Per Day
Year To Date Mar. 2018 Permian - Eagle Ford Production Is Down 36,595 bbls Per Day
As Of Mar. 2018 - A Combined Count Of 4341 New Wells x $8 Million A Well Is $34.7 Billion
A Average BBL Per Day Well Production Of - (13.00) bbls Per Day
At A 2018 New Well Average Of The Big Three Of -(13.0) bbls Per Well - You Would Need To Add 4412 Wells Today To Arrest Peak 2017 - 3,856,816
If You Could Bring Them Online Today - 4412 x $8 Million A Well Is $35.3 Billion
What Are They Thinking !
The Problem With Oil Prices - They Are Not Low Enough
| Bakken/North Dakota Average1 | Permian Basin Average1 | Eagle Ford Average |
Bakken/ND - Permian - Eagle Ford - Combined Production - 2008 To Current 2018
In 2015 You Did Not See Candle Over Candle Growth - Nothing But Cross - Recross - Test - Of The 3.4 - 3.6 Mark - Doji - Doji - Vroooooooooooooom
2015 Ended As A Hammer - 2016 Ended As A Engulfing Bear Candle - 2017 Is A Engulfing Bull Candle - 2018 Headed Back Down
| Tight Oil Charts Return To Top Of Page |
Tight Oil & Conventional Oil - Daily Production - 2008 to Current 2018
Bakken/ND - BK/ND / Permian - PM - / Eagle Ford - EF / Alaska - AK - - All State & Federal Data Lags Two to Three Months In Reporting - No Data PM 1988
Alaska Peaked In 1988 - The Bakken / ND & Eagle Ford Combined Have Offset That Decline
Texas Peaked In 1970 At 3,357,000 bbls Per Day. Texas Has Never Reached That Peak Again. The EIA Is Adding Condensate In Recent Production!
Texas & The EIA, The USA & Their Bad Numbers
Years Of Drilling & Fracking & Not The Bakken, The Eagle Ford Or The Permian, Have Surpassed Alaska Peak Production!
Tight Oil Well Count Added Each Year
Bakken/ND - In Production Since 1951 - Permian West Texas - In Production Since 1921 - Eagle Ford - In Production Since 2008
BK/ND - Bakken/ND Is Actual Producing Count 2008 To 2012 - 2013 On Is Actual Well Completions Count As Reported By The NDIC
PM - Permian Is Permits 2008 To Current - EF - Eagle Ford Is Permits 2008 To Current
Gross Tight Oil Well Count Year Over Year
Bakken/ND - In Production Since 1951 - Permian West Texas - In Production Since 1921 - Eagle Ford - In Production Since 2008
BK/ND - Bakken/ND Is Actual Producing Count 2008 To 2012 - 2013 On Is Actual Well Completions Count As Reported By The NDIC
PM - Permian Is Permits 2008 To Current - EF - Eagle Ford Is Permits 2008 To Current
80% Of All ND & Bakken Production Comes From 4 Counties
Oil Production By ND County - dmr.nd.gov
| USA Oil Play's -
Texas Numbers Are Crude Oil - EIA Texas Numbers
Include Condensate! Return To Top Of Page |
Looking back at a prairie town People ask me why I went away To fly with the best, sometimes you have to leave the nest But the prairies made me what I am today
Prairie Town
| Bakken / ND 1,224,948 bbls. oil a day 14,571 Wells = 84.1 bbls oil a day per well Apr. 2018 Niobrara Col. 433,000 bbls oil a day Mar. 2018 Wyoming 231,000 bbls oil a day Mar. 2018 California 462,000 bbls oil a day Mar. 2018 Permian Basin 1,900,766 bbls oil a day 74,545 Wells Permitted = 24.5 bbls oil a day per well Mar. 2018 Eagle Ford 736,619 bbls oil a day 24,665 Wells Permitted = 29.9 bbls oil a day per well Mar. 2018 Texas Annual - 2017 2,813,000 bbls oil a day 187,139 Wells = 15.0 bbls oil a day Jan. 2018 |
 Updated When The Big Three Are All In The Same Month The Combined Production & Well Count Of The Three Largest Play's - Bakken - Eagle Ford - Permian Basin BK/ND - Eagle Ford - Permian Basin - Current Mar. 2018 3,799,456 bbls oil a day - Divided by (2008 to Current) 113,667 Wells - Is 33.4 bbls oil a day per well. 113,667 Wells Times An Estimated $8 Million Per Well Is $909.3 Billion Dollars |
Utica Ohio 54,000 bbls oil a day Mar. 2018 Marcellus NY 1,000 bbls oil a day Mar. 2018 Pennsylvania 18,000 bbls oil a day Mar. 2018 West Virginia 29,000 bbls oil a day Mar. 2018 SCOOP - Okla. 542,000 bbls oil a day Mar. 2018 New Mexico 625,000 bbls oil a day Mar. 2018 Kansas 97,000 bbls oil a day Mar. 2018 Florida 5,000 bbls oil a day Mar. 2018 |
A Visual Of Fracking Spreading Across The USA - As Of 2013 - 2008 To Mar. Of 2017 - 113,667 Wells Added In The Bakken, Eagle Ford & Permian
675,000 Wells Are Projected By 2040 - Trillions Of Dollars To Get At 20, 30, Barrels Of Oil A Day Per Well
| The USA Return To Top Of Page |
| Texas - Minus The EIA Return To Top Of Page |
Eagle Ford & Texas Boom Or Bust
Permian Basin - West Texas Boom Or Bust
Updated When All Three Report Same Month Data - March 2018
Texas State Production - EIA Texas Production - EIA USA Production
For 10 Years Of Massive Hype & Debt Equity & Pollution - The 1970 Peak Of 10,044,000 BPD Just Cannot Be Reached
It Has Been Reached At A Unbelievable Debt - Financially & Environmentally - Can It Be Maintained?
Bare In Mind The EIA Difference In Texas Of Counting Condensate As Crude Oil Production
Condensate & Crude Are Not The Same
Marion King Hubbert Was Correct In 1956 & Stands Correct Today
Hubbert Was Aware Of The Tar Sands & Shale (Tight) Oil Being Exploited One Day When He Made His Calculation
Voices Gone But Not Forgotten
USA Peaked In 1970 10,044,000 - Red Line & 1988 With Alaska 7.9 - Black Line & 2018 Tight Oil 10,474,000 - Blue Line
2009 To Current Mar. 2018 bbls Per Day - Texas State Actual Reported Crude Oil Production - EIA Texas Reported Production Includes Condensate
Minus The Difference - EIA Reported USA Production - USA Actual Production Minus The Difference
The USA Daily Production Is Off By 1,379,720 bbls A Day Mar. 2018
| TRRC Monthly Oil
& Gas Production 2,788,280 bbls a day. Mar. 2018 |
EIA - USA
Current Production Is 10,474,000 bbls a day. Mar. 2018 - Actual Crude Oil Is 9,094,280 bbls a day. |
| EIA - Texas Current Production Is 4,168,000 bbls a day. Mar. 2018 |
Unconventional Unproven Leading To Gas
- Not Oil ? Use Translate Button - Top Right |
All The Equity Threw At Tight Oil & The Peak Of 1970 Just Can Not Be Reached
It Has Been Reached At A Unbelievable Debt - Financially & Environmentally - Can It Be Maintained?
If You Take Out The Texas Condensate (Chart Above) That The EIA Counts As Oil Every Month - The Picture Requires More Equity!
The Time Frame Is Five Year Candles - Math, Nature, Equity Debt & Marion King Hubbert Are Priceless
Black Line Is 1970 Peak - Green Line Is Minus Texas Condensate - Actual USA Crude Oil Production In 2018
USA Production - 1965 To Current Mar. 2018 - Five Year Candles
EIA - All Crude Oil Production By State
| The World Return To Top Of Page |
| IRAN - Boom Or Bust |
Saudi Arabia - Ghawar Field Boom Or
Bust |
The Coming Bust In World Fossil Fuels
| Falling Rig Count Return To Top Of Page |
Bakken/ND - Year Over Year - To Date - June. 22 - 2018 - Up 4 Rigs - Current Count 56 - Last Year 52
Baker Hughes Rig Counts
How Many Wells Will You Drill Until You Just Run Out Of Equity - The Number Of Wells Keeps Climbing & Oil Production Bangs Sideways & Down
Bakken/North Dakota - Boom Or Bust
| They Say
It's So! Return To Top Of Page |
October 2015 - Playing Pass The Risk In The (Tight Oil) Shale Patch
"The Saudis and OPEC haven't killed American oil...haven't killed American shale.
What they've done is make it faster, stronger, better and more ready to compete with them going forward,” said Dan Eberhart CEO, of Canary LLC, North Dakota."
| Frackers Undeterred | John Mauldin Confirms | Failing Economics 101 |
Some Have Become So Efficient They Have Had To Seek Equity Protection To Protect There Efficiency
Going For Broke
Billions Of Barrels Of Oil Gone In A Puff 12/2015
It Is So So So Refreshing To Hear Locals Argue That The USA Has More Reserves
(Not Resources) Then Saudi. Then They Tell You To Go Look It Up On The Internet!
Well The Graph Below Is From The EIA Itself. & The One Below That From BP
& The Link To The Most Current BP 2017 Statistical Review
The U.S. does not have significant oil reserves in spite of what we read and hear in the mainstream media.
It is true that we are producing a lot of oil today, more liquids than Saudi Arabia.
That does not mean that we will have enough for ourselves in a few years.
In fact, the U.S. is only 11th in world for proven reserves
With 33 billion barrels compared with Saudi Arabia’s 268 billion barrels.
The USA & Its Oil Abundance
The Info Told To Locals
BP 2017 Statistical Review - Page 12
The US Military Gets It - The Burden - Fossil Fuel Wars
| Big Debt Return To Top Of Page |
A Great Thank You To Rune Likvern At fractionalflow.com - For The Amazing Data He Compiles
A Great Thank You To Art Berman At artberman.com - For The Insight Of His Data
A Great Thank You To Enno Peters At shaleprofile.com - Visualizing US Shale (Tight Oil) Production
| Then
& Now - The Dow Return To Top Of Page |
Those Who Cannot Remember The Past Are Condemned To Repeat It Geroge Santayana So Are Those Who Do Not Study Their History
In Recent Past The USA Went Into The Worst Financial Crisis Since The 1930's Dow Crash - Just A Short Ten Years Ago - Those Equity Debt Issues Still Exist
With Bold New Leadership In Washington & Bismarck - There Is Just No Way This Can Happen Again - Is There?
You Cant Help But Give Equity To The Charts - The Comparisons Are Startling - The Roaring Teens Of Now - Never Ending Equity & Debt
The Nation In A Opioid Epidemic - At War & The Rumblings Of More War
Dow - 2018
The (Trump & Dump) Rally Is Unstoppable - It Goes Against Underlying Fundamentals - It Has Got To Be Bold New Government Driving It - Building Equity
You Cant Help But Give Equity To The Charts - The Comparisons Are Startling - The Roaring 1920's Of Then - Never Ending Equity & Debt
The Nation In A Opioid Epidemic - Yes - Yet Alone You Had A Constitutional Prohibition On Alcohol From 1920 To 1933
The USA Entered WW1 In 1917 & Some 20 Years Later WW2 Started - The USA Engaged In 1941
From Teddy To Trump - Big Pharma - Epidemic Then - Epidemic Now
Big Pharma Then & Now Plays & Played A Role
Big Pharma Then
The U.S. government’s investigation of all the factors leading to the Second World War in 1946 came to the conclusion that without IG Farben the Second World War would simply not have been possible.
We have to come to grips with the fact that it was not the psychopath, Adolph Hitler, or bad genes of the German people that brought about the Second World War.
Economic greed by companies like Bayer, BASF and Hoechst was the key factor in bringing about the Holocaust.
The Dow In The 1920's - Price Would Retrace 123% Before It Found Bottom & Start A Depression That Lasted Until & Into WW2
The Stock Market Underwent Rapid Expansion, After A Period Of Wild Speculation - Sounds Like Now - Crash Started Oct.1929
| What Are The E-mini's | What Are Trading Robots |
What Are Fibonacci Retracement's ?
2018 Fibonacci Fivots - The Robots Have Gone To Them Like A Magnet
Born in shackles, livin' in a hold You gotta let the bad times roll When daddy left mama, it broke her heart and soul You gotta let the bad times roll
If life's a bowl of cherries, you gotta break the bowl You're standing in the fire, wishin' it was cold When you ride with the devil, you gotta pay the toll You gotta let the bad times roll
Oh my lord, oh my lord There's a train a comin' You gotta jump on board
Oh My Lord
America Is So Great Again In 2017 You Had To Close 8000 Stores
| America's
Pledge Return To Top Of Page |
Across America, states, cities, businesses, universities, and citizens are taking action to fight climate change, grow the economy, and protect public health.
America’s Pledge brings together private and public sector leaders to ensure the United States remains a global leader
In reducing emissions and delivers the country’s ambitious climate goals of the Paris Agreement.
This Is Bold New Leadership - Without Government
For A Dying Planet
Do You Really Want To Have Your Kids Pay The Premium Of Not Doing Anything Now
Even Ronald Reagan Had Enough Brains To Take A Hedge On Ozone Depleting Chemicals - A Real Leader & Statesman
A Energy Revolution Is Needed - What Was Florida Power & Light Is Now NextEra Energy - They Even Operate In North Dakota Brady Wind Farm Now That Is Bold. 1
| americaspledgeonclimate.com1 | China Gets It & Pulls Away1 | bloombergphilanthropies |
Bakken Decline - Production - Reserves - Price - Equity - Chart
Return To Top Of Page
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Equity Is Used In It's Definition - The Quality Of Being Fair & Impartial & The Value Of That Fairness & Impartiality - As In Well Managed Business Equity Debt - As In Well Managed Public Equity Debt Created By Local, State & Federal Leaders
The Democracy That Gives Taxpayers A Say In That Equity Debt. As In New Airports, New Public Structures, New Schools, New Jails, Healthcare, Law Enforcement, Addiction Recovery, Tax Reduction, Private Investing, More Government & Bureaucrat Waste.
Thank God For Bold New Leadership That Is Of A Equity State Of Mind. No More Money Squanders, No More Career Politicians, No More Good Old Boys, No More Tilting At Windmills Whose Foundations Are Anchored In Swamps.
Just then they came in sight of thirty or forty windmills that rise from that plain. And no sooner did Don Quixote see them that he said to his squire,
"Fortune is guiding our affairs better than we ourselves could have wished. Do you see over yonder, friend Sancho, thirty or forty hulking giants? I intend to do battle with them and slay them.
With their spoils we shall begin to be rich for this is a righteous war and the removal of so foul a brood from off the face of the earth is a service God will bless."
"Bold New Leadership In Bismarck & Washington"
The Phrase Was Coined By Now Governor Doug Burgum
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