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Re: Bobwins post# 1731

Friday, 08/04/2023 1:14:43 PM

Friday, August 04, 2023 1:14:43 PM

Post# of 1866
Each offshore wells is $10m+ to put on production. Yes, he can tap the oil wells for one of those. And Oil will continue to rise in price now that the SPR is emptied and OPEC won't open the spigot. There is a good possibility we see $150brl., new US oil permits are at a 30 year low as well. We are heading back for another Jimmy Carter era oil shortage. $$$$ for us.

I don't think we would have gotten this last update if Nat gas were above $6. We'd be drilling #7

I'm blown away Nat gas has hit as low as it is.
China said F'k this and going back to coal. They own all the old coal land in Tennesse that Al Gore shut down. Mobile is shipping tons of that crap somewhere? You can see that from Google Earth.,

I'm thinking Nat gas is in a massive head fake.
The UK just opened up drilling in the North Atlantic. Even Norway is pledging more gas to make up 25% of the lost Nord Steam volume. It's still not enough.
I just hate losing time. Dilution would be an even worse option.

If Nat gas shoots above $8, I bet Uranus is back out punching holes.

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