Share
59 Posts.
lightbulb Created with Sketch. 10
clock Created with Sketch.
12/12/21
20:45
Share
Originally posted by John.:
↑
Same here Spin. Have it sitting elsewhere in a rather staid banking stock, doing OK but. Will be back just before spud and, as you say, purely a trading stock for me now. Cheers, and GLTAH.
Expand
Originally posted by rfarfa:
↑
The family have a lot of skin in the oil game as they say! Oil Market PredictionsFri 17:14From Scott Sheffield's mouth to gods ears! He sees the huge potential in LNG prices in Japan (Asia market). This is coming from the largest shale producer in the Permian Basin and who's son Bryan is now a new Tamboran stockholder."Sheffield also said he is concerned with the possibility of oil pricing following what is happening with LNG prices in Europe and Japan. “That’s equivalent to $200 oil,”Pioneer CEO Scott Sheffield told CNBC this week that he sees oil prices headed north of $100 in 2022. Sheffield in an interview with Brian Sullivan said he was surprised by President Joe Biden’s release of oil from the Strategic Petroleum Reserve into the market, saying it was a “Band-Aid” approach and similar attempts won’t have much of an impact because demand will create a tight market by the end of 2022 and into 2023. “Oil is moving back to Brent $75 (Tuesday) morning and will probably be back up to $80 or $85 here in the next few weeks as demand comes back,” Sheffield said. Sheffield also said he is concerned with the possibility of oil pricing following what is happening with LNG prices in Europe and Japan. “That’s equivalent to $200 oil,” Sheffield said. “And so right now oil is cheap.” Sheffield said during the interview that “most people estimate a 4 million barrel a day increase in demand and that by the end of 2022, “we’ll be back … to 100 to 101 million barrels a day.” He also quoted Amin Nasser, chief executive officer of Saudi Aramco, about OPEC and OPEC+ being out of supply and extra capacity in 2022.
Expand
Originally posted by rfarfa:
↑
The family have a lot of skin in the oil game as they say! Oil Market PredictionsFri 17:14From Scott Sheffield's mouth to gods ears! He sees the huge potential in LNG prices in Japan (Asia market). This is coming from the largest shale producer in the Permian Basin and who's son Bryan is now a new Tamboran stockholder."Sheffield also said he is concerned with the possibility of oil pricing following what is happening with LNG prices in Europe and Japan. “That’s equivalent to $200 oil,”Pioneer CEO Scott Sheffield told CNBC this week that he sees oil prices headed north of $100 in 2022. Sheffield in an interview with Brian Sullivan said he was surprised by President Joe Biden’s release of oil from the Strategic Petroleum Reserve into the market, saying it was a “Band-Aid” approach and similar attempts won’t have much of an impact because demand will create a tight market by the end of 2022 and into 2023. “Oil is moving back to Brent $75 (Tuesday) morning and will probably be back up to $80 or $85 here in the next few weeks as demand comes back,” Sheffield said. Sheffield also said he is concerned with the possibility of oil pricing following what is happening with LNG prices in Europe and Japan. “That’s equivalent to $200 oil,” Sheffield said. “And so right now oil is cheap.” Sheffield said during the interview that “most people estimate a 4 million barrel a day increase in demand and that by the end of 2022, “we’ll be back … to 100 to 101 million barrels a day.” He also quoted Amin Nasser, chief executive officer of Saudi Aramco, about OPEC and OPEC+ being out of supply and extra capacity in 2022.
Expand
Originally posted by rfarfa:
↑
The family have a lot of skin in the oil game as they say! Oil Market PredictionsFri 17:14From Scott Sheffield's mouth to gods ears! He sees the huge potential in LNG prices in Japan (Asia market). This is coming from the largest shale producer in the Permian Basin and who's son Bryan is now a new Tamboran stockholder."Sheffield also said he is concerned with the possibility of oil pricing following what is happening with LNG prices in Europe and Japan. “That’s equivalent to $200 oil,”Pioneer CEO Scott Sheffield told CNBC this week that he sees oil prices headed north of $100 in 2022. Sheffield in an interview with Brian Sullivan said he was surprised by President Joe Biden’s release of oil from the Strategic Petroleum Reserve into the market, saying it was a “Band-Aid” approach and similar attempts won’t have much of an impact because demand will create a tight market by the end of 2022 and into 2023. “Oil is moving back to Brent $75 (Tuesday) morning and will probably be back up to $80 or $85 here in the next few weeks as demand comes back,” Sheffield said. Sheffield also said he is concerned with the possibility of oil pricing following what is happening with LNG prices in Europe and Japan. “That’s equivalent to $200 oil,” Sheffield said. “And so right now oil is cheap.” Sheffield said during the interview that “most people estimate a 4 million barrel a day increase in demand and that by the end of 2022, “we’ll be back … to 100 to 101 million barrels a day.” He also quoted Amin Nasser, chief executive officer of Saudi Aramco, about OPEC and OPEC+ being out of supply and extra capacity in 2022.
Expand
Originally posted by rfarfa:
↑
The family have a lot of skin in the oil game as they say! Oil Market PredictionsFri 17:14From Scott Sheffield's mouth to gods ears! He sees the huge potential in LNG prices in Japan (Asia market). This is coming from the largest shale producer in the Permian Basin and who's son Bryan is now a new Tamboran stockholder."Sheffield also said he is concerned with the possibility of oil pricing following what is happening with LNG prices in Europe and Japan. “That’s equivalent to $200 oil,”Pioneer CEO Scott Sheffield told CNBC this week that he sees oil prices headed north of $100 in 2022. Sheffield in an interview with Brian Sullivan said he was surprised by President Joe Biden’s release of oil from the Strategic Petroleum Reserve into the market, saying it was a “Band-Aid” approach and similar attempts won’t have much of an impact because demand will create a tight market by the end of 2022 and into 2023. “Oil is moving back to Brent $75 (Tuesday) morning and will probably be back up to $80 or $85 here in the next few weeks as demand comes back,” Sheffield said. Sheffield also said he is concerned with the possibility of oil pricing following what is happening with LNG prices in Europe and Japan. “That’s equivalent to $200 oil,” Sheffield said. “And so right now oil is cheap.” Sheffield said during the interview that “most people estimate a 4 million barrel a day increase in demand and that by the end of 2022, “we’ll be back … to 100 to 101 million barrels a day.” He also quoted Amin Nasser, chief executive officer of Saudi Aramco, about OPEC and OPEC+ being out of supply and extra capacity in 2022.
Expand
This is yet more evidence alluding to the fact that oil and gas will be needed for many years to come. More and more academics are coming to the conclusion that Hydrogen is the only logical, realistic way forward! Cheapest production method at the volumes that the world will need is using gas, followed by oil. Instead of listening to politicians, asked yourself why has Mr JCB entered into a multi- billion £ contract to buy green hydrogen, and why have JCB who manufacture their own engines, have already designed, tested and are tooled up and ready to manufacture hydrogen internal combustion engines for their JCB plant. Why do Worcester Bosch already have domestic boiler's that can be easily be converted to hydrogen boilers, at a cost of approximately £80 for three components that need to be changed.