Hey, it's been more than a month since a post, and this 3:30 long video (start at 00:20, dessert is at 2:30, but eat your veggies first): https://www.youtube.com/watch?v=mpAi4SPAGfoactually IS relevant to oil and gas investment because it is about the expensive but utterly plagiarizing Olympic advert campaign of the major O&G lobby and propagandist, the American Petroleum Institute (API). I fervently agree with the intent of this ad -- convincing sometimes idiotic millennials and pseudo-environmentalists that the [Iowa presidential primaries fueled] ethanol standards are idiotic and bad for the environment, the economy, and food prices; I just think that API shows, uhm, bad judgment with this ad? They are getting a lot of repeated air time though (hey, you might watch the link above and then you'll have added to their eyeball count!) and by Trumpian logic that's great! Or maybe the ad consultant just vapes too much Mary Jane instead of working, and had to throw together something quick, and so he plagiarized the opening credits of a super popular political TV show while collecting a large fee??? (here are the actual opening credits of Oliver's show -- witty and weird: https://vimeo.com/92967865).Oliver struck back at API by showing them how effective propaganda is actually done.... It makes for something I can post to say, Hey!, the MF O&G board may be sputtering, but still is important for O&G investors like me. Keep it on your list of favorite boards and visit, and hey, contribute something substantive 'cuz a hell of a lot is going on.david fb
Funny :-)Just today I ran across this gif, detailing where and by how much the oil and gas industry is cutting back investment: https://twitter.com/JavierBlas2/status/765587109184962560 It was presented with the comment that " 2019 to 2021 will be interesting. " Perhaps in the short term API is trying to cut back on ad costs.
Thnx 00jane. Useful way to help break out what was going on and now isn't. I have some working interests in Wyoming, Colorado, and Texas, all of old vintage, and the cap-ex on those has actually been almost steady, which suggests to me that the cheapest to produce is being carefully maintained to be ready for the possible 2019 to 2021 shrinkage due to lack of capex for new stuff. It will be interesting.Meanwhile, I am finding it economical in my home to steadily switch from grid electric to solar electric, from gas hot water and heating to solar hot water (including in my radiant heated floors), but I am delaying electric car and house battery until prices drop quite a bit further.david fb
which suggests to me that the cheapest to produce is being carefully maintained to be ready for the possible 2019 to 2021 shrinkage due to lack of capex for new stuff. I've never had much luck predicting such things. New leader at OPEC, chaos reigns in Venezuela, Nigeria having trouble keeping their pipes from being blown up, cuts in capex in several production areas including US except for Alaska, Alberta NDP setting max production limits (CO2 Caps) for oilsands to keep election promises ... http://boereport.com/2016/08/16/fraser-institute-news-releas...Alberta’s Cap on Oilsands Emissions Will Cost Billions With Little Effect on Greenhouse GasesAugust 16, 20168:30 AM Marketwiredhttp://boereport.com/2016/08/17/opecs-former-head-says-condi...OPEC’s Former Head Says Conditions Are Right for Oil-Freeze DealAugust 17, 20164:36 AM Bloomberg A little irony, since the US re-opened to exporting oil the number one customer is ... Canada. Of course Canada was exempt from the export ban anyway and trade routes don't change overnight ... and we still don't have the fracking pipeline to the east coast approved yet. }};-@ Tim
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