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Page added on July 27, 2021

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What’s Missing from Oil Prices?

Consumption

The world’s two leading oil price benchmarks are omitting some important considerations, the head of a privately held Dallas-based oil and gas operator told Rigzone last week.

“The recent Saudi Arabia and UAE deal kept the OPEC and OPEC+ organizations at the forefront of supply discussions,” remarked Jay Young, founder and CEO of King Operating Corp. “The shorter impact of having the 400,000 barrels per day coming back online is not a significant amount and will not impact the pricing factor in the short run. The market is listening to multiple experts using different metrics with different outcomes.”

According to Young, oil demand will continue to go up even with the new COVID-19 Delta variant. However, he contends that two key issues – often ignored in other commodity pricing methodologies – need to be calculated into the Brent and West Texas Intermediate oil benchmarks:

  • increased fossil fuel usage as the energy market becomes “greener”
  • U.S. shale oil firms’ lack of capital.

Regarding the issue of greater fossil fuel consumption from a greener energy market, Young asserts that oil and gas demand has neither peaked nor will do so anytime soon.

“The major oil companies fleeing the market will only drive the price up, not reduce the demand,” Young said.

He cited dynamics in the coal market as a case in point.

“Coal usage in China, India, and other countries is way up and looks to keep that trend going,” said Young. “On the other hand, coal usage in California has not decreased, and demand is flat. How is that possible? Cement and asphalt are only two of the culprits for the continued use of fossil fuels. You can’t have new construction without fossil fuels. There are many other factors, and we will be publishing the numbers soon. California is also the highest kilowatt-hour (billing unit consumer) in the country while not decreasing consumption. Interesting, wouldn’t you say?”

Noting that his company’s research team is also examining electric vehicle (EV) numbers, Young argues that considering the total cost of EV ownership weakens its appeal over vehicles powered by internal combustion engines.

“We see data that shows there are not enough rare earth minerals to produce the batteries for the number of cars required,” Young said. “The world’s population has gotten used to ‘transportation at will.’ It will not change their current behavior patterns when the price for EVs is calculated with charging and battery replacement costs. Interestingly, people want to save the planet as long as their lives are not impacted.”

On the issue of insufficient capital among U.S. shale oil firms, Young referenced what he calls “several key factors” that have occurred in recent years in the oil and gas market.

“First, investors demanded that they get returns on their investments rather than replace their reserve replacements,” Young said. “Over the past ten years, oil and gas companies could replace only a portion of their proved reserves. As a result, investors lost their appetite for long-term investments. Then along came the ‘greener’ investors. There is a trend for public oil companies to be attacked by anti-oil and gas investors, resulting in replacing board members with those that may not have the stakeholder’s best interest. Investors don’t want to pick a fight in the current world mindset; they just want no-hassle returns.”

RIGZONE



17 Comments on "What’s Missing from Oil Prices?"

  1. Dredd on Tue, 27th Jul 2021 2:01 pm 

    Sanity.

  2. WeLivedInAFakeRealityPeakOilIsFake on Tue, 27th Jul 2021 6:31 pm 

    One night when I was in bed I was given a elevated dose of endorphin by the demon or controller of this reality. I was flying high as a kite. We are manipulated by some frequency signal coming through our brain.I was repeating to myself, I am so happy over and over. Lasted about 30 mins.

    https://www.polycliniqueplus.com/blog/endorphines/

    Les endorphines sont des substances chimiques naturellement produites par le système nerveux pour faire face à la douleur ou au stress. Ils sont souvent appelés « produits de bien-être » car ils peuvent agir comme analgésiques et stimulants du bonheur.

    The frequency fence creates a “perceptual block” by altering the electrical impulse patterns and thus the chemical and hormonal operations within the biological structure. This “perceptual block” can limit the range of perception, creating a literal barrier, of selected electrical impulses or frequencies in a biological organism.

    http://www.ascensiondictionary.com/2017/06/frequency-fence.html

  3. MyCommentGetCensured on Tue, 27th Jul 2021 6:39 pm 

    The planet has been surrounded by an Artificial Machinery that prevents access to certain higher forces, higher frequencies, and maintains the collective Mind Control through a Controller frequency fence. These frequency fences are the Mind Control fields that propagate and feed into anti-life structures that power the Imposter Spirit entities and their Anubian Black Heart circulatory systems. They have impaired and controlled human consciousness evolution for thousands of years.

    Frequency Fences are used to unplug DNA codes and block high frequencies from the earth population which can be manipulated to control perception as well as what an individual can experience through their five Basic Human Senses.

    When we intend to raise our consciousness frequency, and embody higher levels of spiritual identity, this raises our fundamental Lightbody frequency and shifts us out of the range of the frequency fence transmissions and a variety of bio-neurological blockages.
    Contents

  4. AlloLoser on Tue, 27th Jul 2021 7:16 pm 

    Censuring my comment fucking pieces. You havwe been my ennemy all this time.

  5. Theedrich on Wed, 28th Jul 2021 4:40 am 

    The U.S. government is a pigsty. It is no longer worth the effort to keep it alive.  Together with all of the fentanyl-ingesting denizens of the country, it deserves the reward of all bottomlessly corrupt syndicates:  collapse.

    The people of feces-color at the lower levels are feeding off of the genosuicidal Whites who allow them to exist.  The self-murdering religion of modern Christianity with its Bible-pounding, its stadium-sized churches for mass wannabe-Jew imbeciles, and its lucre-obsessed preachers propagate nothing but White masochism and internecine megawar between Whites.  The mass media, led by sadistic Jews, further pervert the ignorami and encourage their autoextinction.

    It may be cosmic justice that the Red Chinks, with three more Institutes of Virology currently abuilding, are now manufacturing killer viruses to destroy Western civ.  They have only begun with their revenge Opium Wars on stupefied Whiteland.  Meanwhile, American academia is interested only in White obliteration and could not care less.  Down with biological evolution!

    Dialectical (one is tempted to say diabolical) materialism is all the rage.  The uniformed head of the American military, one General “snoop out White rage” Milley, is concerned only about strangling any reason for survival among White soldiers, the ones who have been seduced into laying their lives on the line for high criminals in the name of “patriotism.”  The country’s Murder, Inc., popularly known as the CIA, is fixated on spreading slaughter everywhere in furtherance of “American interests” (such as more money for Georg Sörös and co-conspirators).  All of the other institutions of government are warring against the White race precisely because it has created civilization and its discontents.  The aim is to replace all Caucasians with murder-loving Negroids and Mohammedans, to say nothing of the rest of the anthropoid maggots now being imported into the country by the Democrat and RINO felons.

    And the cherry on the top:  it is only poetic synchronicity that the entire criminal edifice is led by a doddering old fool who can hardly put two sentences together on his own.

    Yes, America, it is time to die.

  6. Biden's hairplug on Wed, 28th Jul 2021 7:50 am 

    One of the first to bring up the dreadful subject…

    https://www.unz.com/article/magnus-hirschfelds-racism-1934/

    “Magnus Hirschfeld’s Racism (1934)”

    It is difficult to trace back who first brought up the dreadful word “racism”… the heeb commie butcher of Russia Leon Trotsky for instance, brought it up in a passing reference in one of his pamphlets, but he was too committed to his “class struggle”, to fully grasp the communist potential of the battle cry “racism” to be distracted by it.

    Besides, in the thirties’ nobody took coloreds serious, not even the jews did, as the latter were too busy subjugating the white world, using white underclasses against white upper classes, a job completed by 1945 through WW2 (or so they thought, but to their horror they discovered after 1945 that Stalinist Russia had escaped their grip and the Cold War became a fact). The white world was all there was to take serious, in those days.

    Not so after annus horribilis 1968, when the leftist white youth, under the proper guidance of heeb pamphlet writers of the Frankfurt School, began to question the conservative foundations of society: family, nation, race, WW2, holohoax, the patriarchy, drugs, the full wax.

    The new battle cries were:

    – feminism against patriarchy
    – free sex, decoupled from procreation
    – emancipation of all and everything
    – homo ludens, the “vacationer of world history”
    – holohoax worship
    – anti-nationalism
    – jews as the pinacle of human goodness and sacrifice
    – general public dumbing down thanks to TV-culture and its (jewish) brainwashing program
    – liberty worship (as a pretext to escape responsibility)
    – pushing of globalism, diversity and multiculturalism
    – the magnification of “sins of the past”, like slavery and colonialism

    Now, America is as good as dead, with Western Europe trailing 2 decades or so “behind”. Eastern Europe and Russia are fairly immune to this “racism” baloney, as they have a serious backlog of watching (jewish directed) Hollywood flicks.

    Everything lost?

    Eh, no. Thanks to the incredible luck of Brexit, Western Europe is poised to escape from Anglo-Zionism, where the EU, Macron, Putin, Xi, New Silk Road, Nord-Stream-2, European populism, unleashed Mohammedanism spearheaded by Erdogan will do the rest.

  7. makati1 on Wed, 28th Jul 2021 4:51 pm 

    Theedrich, the US Terrorist Mafia State’s time is up. The insanity is unbelievable as it grasps for anything that might save it. It will take the UK, EU, and maybe, Japan and India down with it. I just hope it does not take the “all or nothing” nuclear solution.

  8. Outcast_Searcher on Wed, 28th Jul 2021 5:31 pm 

    In the REAL world, when prices of any liquid commodity or stock are reliably “mispriced”, anyone with means could make basically INFINITE profits from trading that “mispricing”.

    Not that I’d expect the usual commenters here to acknowledge reality outside their fantasies of instadoom, despite their usual track records approaching zero percent accuracy. So there’s that.

  9. Duncan Idaho on Thu, 29th Jul 2021 6:37 pm 

    Wingpawn tip of the day:

    Missouri Councilwoman Recommends Anti-Parasite Cow Medicine to Cure COVID.

    https://www.dailykos.com/stories/2021/7/29/2042678/-Missouri-Councilwoman-Recommends-Anti-Parasite-Cow-Medicine-to-Cure-COVID

  10. NoSuchThinkAsReptilianEverythingIsAHologram on Thu, 29th Jul 2021 8:39 pm 

    There is no reptilian brain. We are still we GOD and he is entertaining himself be creating stories in his mind. There is no such things as reptilians. Everything is a fantasy world. No suck thing as peak oil, global cooling. We with GOD mind. Only people that are afraid of death

    https://www.youtube.com/watch?v=9hJqBNyOpzQ

  11. Yorchichan on Fri, 30th Jul 2021 9:25 am 

    https://dailysceptic.org/2021/07/30/for-all-i-care-you-can-die-anytime-philippine-presidents-message-to-the-unvaccinated/

    I hope your president’s reach doesn’t extend as far as your village, Makati.

  12. IWantOutOfThisMeatSuit on Fri, 30th Jul 2021 10:38 am 

    Spiruallity awaken human, like me. are ready to leave this meat suit and go somewhere else. I want out of this shit reptilian realm and go somewhere else. I hate it here.

    https://www.youtube.com/watch?v=vNrCEwVwgPA

    https://www.youtube.com/watch?v=6cBctbgjBuc

  13. Duncan Idaho on Fri, 30th Jul 2021 11:48 am 

    ‘bottom-feeding charlatans’

    Lets not put down charlatans by comparing them to repugs—

    https://www.alternet.org/2021/07/conservative-slams-dinesh-dsouza-and-other-bottom-feeding-charlatans-for-mocking-police-injured-during-jan-6-riot/

  14. master race chinks are master race because only master race chinks can handle supremacist muzzies on Fri, 30th Jul 2021 2:43 pm 

    all praise to master race chinks

    please feel at ease among friends, we’re all lovers of supremacist muzzies here.

  15. Muzzie Slayer on Sat, 31st Jul 2021 12:04 pm 

    Muzzies are supreme at bumming each other before the public executions on Fridays.

  16. Awesome bob on Sat, 31st Jul 2021 12:08 pm 

    But more importantly we are running out of toilet paper due to covid hysteria.
    I need to have a shit and I’m down to my last copy of the jew york times toilet paper of record.

  17. Cloggie on Sun, 5th Sep 2021 5:56 am 

    Swiss e-truck drives 1099 km on a single charge:

    https://www.wattisduurzaam.nl/27449/energie-besparen/transport/elektrische-vrachtwagen-met-760-km-range-en-accu-van-680-kwh/

    Yabut…

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