GulfSlope Energy Inc (GSPE)

[smith199]

The offset to some of this is the summer driving season is rapidly approaching, and gasoline inventories are below the 5 year average.  Demand for gasoline will surely increase as will prices. Crude oil production must follow, or we will all spend the summer in gas lines trying to fill our vehicles.  Sane politicians will wish to avoid this at all costs.  

I think it probably needs to get ugly for the banking system. It has been mismanaged as much as anything else has. Maybe it is time to clean house. And the bottom line for the banks is, in order to stay solvent, they will need to continue to make money (loans). Perhaps the two perfect storms of banking reorganization and energy demand will merge together to the benefit of both. Obviously, trying to finance EVs will not save either.

Just another perspective.

It appears that the cat is finally out of the bag as pertains to renewables and profits. I am including excerpts from a really good article from the publication Workboat.com.

“Recently, the CEOs of two mega-majors – BP and Shell – have rediscovered the critical role of oil and are backing away from their headlong rush into renewable energy. Money talks and the poor returns from renewables are hurting financial performance. Moreover, the fantasy of a world powered exclusively by renewable energy is being exposed every day. Shell’s CEO Wael Sawan told the Wall Street Journal, “I fundamentally believe in the role of oil and gas for a long, long time to come.” Importantly, he said Shell will not use its oil and gas profits to support renewable investments.”

“Importantly, oil and gas exploration and development worldwide continue to receive the lion’s share of the global oil industry’s capital expenditures. Mergers would add assets to be exploited quickly, given the years of industry underinvestment and the pressing need for more oil supply to meet growing demand. Frontier exploration is suddenly being reemphasized which will benefit the offshore industry.”

Link to full article:

https://www.workboat.com/viewpoints/will-oil-industry-deals-upset-the-offshore-recovery

One thing in the very, very back of my mind is what are the chances of Gulfslope being an acquisition target somewhere down the road. I hope it does not happen. I am here to be a Gulfslope shareholder, not one for a bigger company like Shell, Exxon, or BP.




Mrs. Smith