The Fed uses higher interest rates to curb inflation so high gas prices and higher interest rates would have the net effect of curbing inflation
Precisely, which is why interest rates would be moved higher by the Fed.
The Fed uses higher interest rates to curb inflation so high gas prices and higher interest rates would have the net effect of curbing inflation
I personally find it non productive to debate future potentialities as - being in the future - no immediate, conclusive resolution is possible.
pstarr wrote:AdamB wrote:I'll believe Lahettete when he shows his geologic work. Until then we've got the USGS on the low side, Doug Patchen and the state geologists at the high end, and the EIA and Texas BEG in the middle. I'll stick with the middle for now, and not just because my estimates are right in there ball park as well.
Since when does Aubrey McClendon's failed intern and the current PO.com office assistant get to compare bragging rights with the pros? "Your" estimate? ha ha ha
Don't make me laugh
marmico wrote:I'll believe Lahettete when he shows his geologic work.
Laherrere uses Hubbert Linearization for ultimate. It tends to understate same.
marmico wrote:
Apparently, the EIA still breaks out Marcellus and Utica separately via DrillingInfo state data.
marmico wrote:Eyeballing the chart, the Utica production slope is lower than the Marcellus. Laherrere and UT BEG are on the same page.
marmico wrote:There is a paucity of evidence supporting your current position that the Utica ultimate recovery is equal to or greater than the Marcellus.
Yoshua wrote:It feels like we are at a breaking point. The oil price has been high for some time now.
Yoshua wrote: Twice the oil price spiked above 65 USD and both times the stock markets started to crash.
Yoshua wrote:According to fx traders macro trends the dollar is about to spike any moment now. When the dollar spikes, the oil price will collapse.
puts the Utica at half the size of the Marcellus (37 TCF to 84, if memory serves?).
onlooker wrote:Yes Yoshua. The stage is being set for dramatic economic events this year. Will the manipulations continue to allow the oil price to remain high. Or will the pressures finally collapse the price?
marmico wrote:puts the Utica at half the size of the Marcellus (37 TCF to 84, if memory serves?).
Either refresh your memory or stand on it.
marmico wrote:As of 2018, Utica < Marcellus notwithstanding coffee's entreaties to the contrary.
coffeeguyzz wrote:... And as a follow up, Adam, that 2011 Marcellus assessment from the USGS had 1.15 Bcf as the mean EUR with 4 wells/square mile (5,000' laterals).
coffeeguyzz wrote:I'll not go into how so many Appalachian Basin wells do way more than that in 30 DAYS, NOT 30 years, as the USGS assessments called for.
coffeeguyzz wrote:Observations from CNX' Marchand well from people in the neighborhood are very bullish.
Jet engine sound from flare being loudly heard 5 miles away.
coffeeguyzz wrote:XTO should have 1 Jefferson county and 1 Indiana county Deep Utica wells online in the coming months.
If CNX is correct in their DU evaluation - and 1,700 planned Deep Utica wells sure shows their optimism - hydrocarbon world is gonna be rocked.
Looks like no Alzheimers yet. You don't really think I'm as stupid as the average peak oiler that just makes this stuff up are?
coffeeguyzz wrote:No matter how it is sliced and diced, current production is blowing way, WAY past these earlier evaluations.
marmico wrote:Looks like no Alzheimers yet. You don't really think I'm as stupid as the average peak oiler that just makes this stuff up are?
There you go. Marcellus is 2x Utica, notwithstanding coffee's protestations.
marmico wrote:Your dementia is an open bloom. Dragging up 10 year old threads to maintain an active thread count makes Tanada happy. You make (drag) stuff up ceteris paribus just like the average peak oiler.
Kindly post the number of responses to your last 50 dragged threads
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