Discover and read the best of Twitter Threads about #Oil

Most recents (24)

Thread.. Friday night rant
1- Political comments about 4 oil producers: #Iran, #Iraq, #Libya & #Yemen:

End of crises in these countries requires dismantling all militias. That leads to another chaos as unemployment, poverty & crimes rise, while #Europe is flooded with refugees.
2- This explains the push by Europeans to integrate the militias into the army, despite their war crimes against humanity. Also, they do not want to pay to rescue these countries from being failed states. So militias are serving local and foreign interests at once
3- Now add Venezuela into the mix! Who has interest in dismantling the militias? Biden? No.
Without jobs, what will young men and women do? 🤔
It is an old political trick by politicians: if you do not keep them busy, they will be busy with you!
Read 15 tweets
PhD thesis examination of Liangliang Lu has started. Exciting! I'll try live tweeting first time. Let's see how it goes. :) @MerikotkaCentre @AaltoENG
By the means modelling, the thesis contributes to advancing the #riskmanagement of #oil spills in
ice conditions, focusing on #pollution #preparedness and response.
First the system that generates the risk (Accident -> Collision & oil outflow -> oil drifting -> response and recovery) is developed. It is then used to identify critical factors related to (a) the accident aspects and (b) the response aspect.
Read 19 tweets
#Namibia

ReconAfrica, a Canadian company exploring for oil and gas in Namibia

nationalgeographic.com/animals/articl…
Reconnaissance Energy Africa Ltd.

#ReconAfrica

$RECAF
Read 6 tweets
#NATO
"Partners need to ACT LIKE PARTNERS"

{ Germany + France + Italy + Spain + Netherlands }

#TrumpWasRIGHT -->

The #DemocratCorruptionNetworks are Deeply Connected into European Banking Families

#Biden has been a "Trusted" DC Swamp Creature for DECADES

President Trump was seen as a THREAT to the CORRUPTION NETWORKS and had to be REMOVED -->

#NukeDAVOS

The #EuropeanManagementForum Networks are Fundamentally ANTI-American

They see the US as a Power that must be CONTROLLED from the Inside thru #LiberalMedia, Banking, and #DemocratCorruptionNetworks (with RINOs - see #McCain)

Read 8 tweets
.#MAGA[ts], this is how you get played.

@EliseStefanik (and @kayleighmcenany, of course) apparently thinks that #leadership is complaining and #lying and shrieking and NOT about proposing solutions.

But then, she's a #Republican. #Governing is NOT what the @GOP does.
.#MAGA[ts], so what's ACTUALLY going on.

@POTUS @JoeBiden spend some time with @FLOTUS because it was her birthday.

No one has a right to begrudge them that. If you have a problem with it, sit and spin. Not everything is about you nor is it always your business.
.#MAGA[ts], the deal with #gasprices, as has been explained, many times, is that we are seeing a seasonal rise in prices that were, for a time, aggravated by the recent #ColonialPipeline hack that resulted in the closing of the pipeline.
Read 21 tweets
Thread on why we have lodged an objection with Namibia's Environmental Commissioner regarding #ReconAfrica's planned 2D seismic surveys criss-crossing #elephant migration corridors across the Kavango regions of Namibia.

dailymaverick.co.za/article/2021-0…
Our objection is coupled with a plea to employ the #precautionary principle to protect the largest cross-border #elephant herd from the harmful actions linked not only to seismic surveying but also from the ongoing exploratory #oil and #gas #drilling in #Namibia.
Seismic surveys help locate oil and gas reservoirs. It takes place by laying receptors called geophones along either a line (2D) or in a grid (3D) and detonating an explosive device, then recording the various soundwaves that are picked up by the geophones. Image: RBS
Read 17 tweets
Thread on #oil
1-6 Over the years, I have done a lot of work on the optimal price of oil

OPEC leaders will operate in the sweet spot. Where is the sweet spot now?

Based on my mode, we are already in it. Things start getting sour when Brent is above $75, bitter below $68. #OOTT
2-6 The above are rounded numbers. Of course, the actual results are not rounded. The model is based on several assumptions. The main one is that major producers focus on the long run. Their objective is to prolong the demand for oil as much as they can. #SaudiArabia #OPEC #OOTT
3-6 Short-term fluctuations above $75 or below $68 have no impact on the "sweet spot". Major oil producers should increase production if the price is TRENDING above $75 and prepare to cut if it is trending below $68, if they want to stay in the "honey barrel"!
#Oil #OOTT #OPEC
Read 7 tweets
1-5 It is ironic that it was a pro-Trump website that made a big story out of nothing and claimed that the Biden Administration imported Iranian oil.
Aside from being a confiscated oil, it was seized and brought to the US by the Trump Administration. 🔥
2-5 Even preparations to request court approval to sell the oil were made during the Trump administration. The company that owns the tanker contacted the Trump Administration to inform them it might have unknowingly loaded Iranian oil while thinking it was Iraqi #oil. #Iran
3-5 My view: this official contact by the company that owns the tanker ruined an undercover operation that forced the seizure of the ship!

Remember, such crude oil shipments to China take place all the time. Why only this one is confiscated?
Better yet, see next
Read 5 tweets
If you think this problem is limited to the oil industry think again!
Abandoned wind, solar farms, & EV batteries are going to be a bigger problem in the next three decades. #OOTT #oil

The cost to clean up New Mexico’s oil & gas industry? $8 billion. grist.org/energy/new-mex…
"That left the turbines at Altamont Pass and in other locations across California such a as San Gorgonio and Tehachapi passes to, in some cases, fall into disrepair as companies that built them went belly up." #Wind
gizmodo.com/californias-hi…
Read 5 tweets
Thread
Econ 101:
1- When oil prices rose to $147 in 2008, and natural gas prices exceeded $14, #renewable energy did not expand much. Why? (same 2011-14 for oil)
Higher oil and natural gas prices are God's gift to democrats and environmentalists then. What happened? #oil #OOTT
2- Similarly, as governments and environmentalists pushed renewable energy and #ElectricVehicles forward, prices of several metals went up substantially and continued to increase. Was this a surprise? Probably to them.

But will this cost increase limit their growth?
3- We already know for sure that shortages of computer chips are delaying the production of all kinds of cars, including #ElectricVehicles.
- The chip shortage will hit electric trucks hard since they have already started the production & many were expected to come online soon.
Read 11 tweets
Stan Druckenmiller gave the keynote speech at the USC Student Investment Fund annual meeting last week:

vimeo.com/548917378

A rare long form (1 hr) conversation where he touched on a wide range of topics.
The first 20 minutes expands on the ideas he discussed in his op-ed in the WSJ this week titled “The Fed is Playing With Fire” where he expressed concern that the Fed was remaining accommodative for too long and risking an asset bubble.

wsj.com/articles/the-f…
Druckenmiller comments on the current craziness in financial markets:

“With #dogecoin which was started as a joke with a $60 billion dollar market cap and NFTs on everything you can spell out there, is there any doubt in anybody’s mind that we’re in a bubble?”
Read 10 tweets
Yesterday, @IEA gave a presentation to explain what we already know - we need a LOT of #metals & #minerals to "come clean" and regardless of timing as we are hooked on #oil & #gas for our modern lifestyle. In this thread, I'll share their slides & add some of mine...
2/ According to the @IEA, an EV requires 6x minerals and metals input of a conventional "Otto engine" car.
@Herbert_Diess #Tesla @elonmusk #oott
3/ That means, to meet climate goals, we will need a LOT of #metals & #minerals such as #lithium (not a big deal), #graphite (hmmm), #cobalt (that will be fun), #nickel (hard, easy one in Russia!), #rareearth (really hard) or #copper (too hard to mention below?)...
Read 9 tweets
1/23) A "post-covid" wedding rumination on how my observations are likely to translate into more growth than many think #OOTT
---
I utilize the phrase post-covid, bc I think it would be in our country’s best interest to begin preparing society to safely move beyond the past yr+..
Like many of you, we have been impacted, we have taken this seriously, we have and will continue to follow all orders for the betterment of those around us, and we have been vaccinated.
With that said, there becomes a time when we must responsibly move fwd. It is healthy & imperative for humans to surround ourselves w loved ones & friends. This post isn’t a reflection on the tragedy of the lives lost, nor opining on govt policies, rather it’s an observation..
Read 23 tweets
New report: ‘The Sky’s The Limit’ finds huge falls in the cost of #solar & #wind power have unlocked an energy reserve that can meet world demand 100x over! Most is already economic compared with #FossilFuels carbontracker.org/reports/the-sk…
At current growth rates, #renewables will push #FossilFuels out of the electricity sector by 2035, & 2050 could see a world powered entirely by electricity. Author @KingsmillBond says: “we're entering a new era, comparable to the industrial revolution” carbontracker.org/reports/the-sk…
.@KingsmillBond continued: "Geopolitics will be transformed as nations are freed from expensive imports of #coal, #oil & #gas. Clean #renewables will free the planet from the impact of fossil fuel pollution." carbontracker.org/reports/the-sk…
Read 6 tweets
#BreakingNews
Liquid gas production project in Mozambique put on hold after militia attack
The Total group is reacting to the latest terrorist attack by Islamist rebels in Mozambique.

#Thread about #Mocambique #France #terrorism #total #Oil
According to reports from security circles, the French energy giant has ceased operations on site and withdrew its employees.

by @NZZAusland @NZZ
nzz.ch/international/…
Total decided to evacuate completely after surveillance images made with drones showed that supporters of the Islamist rebel group Ahlu Sunna wal Jamaa were very close to the conveyor systems under construction in Afungi.
Read 17 tweets
Danske Bank 1/4: Tactical FX Views.
#EURUSD - Has bounced back slightly in line with equities. We remain short, as per our 2021 top trade.

#EURNOK - as a strategic trade we like to sell NOK vs an equal weighted basket of #EUR and USD.
Danske Bank 2/4: #EURSEK - The krona firmly defied last week's substantial dividend payouts, in line with our expectation. Focus shifts to this week's inflation data. We expect #EURSEK to re-establish the 10.10-10.20 range for now.
Danske Bank 3/4: #EURGBP: We would like to go short $EURGBP again if increases continue. Keep an eye on Northern Ireland riots and Scottish Parliament election on 6 May

#USDJPY - spot starting to be priced as it was pre-corona as US yields and oil now move spot.
Read 4 tweets
1/ Thread: Commodities vs Hubris

Every commodity bull is wrestling with the same question at this moment: I'm seeing the best set up for a mega cycle in my life time, but I also see financial bubbles everywhere.

#shipping #grains #oil #uranium #Commodities
2/
Do I need to wait for a crash in markets before I go in or will I be late? Will markets rotate into cyclical or will my portfolio get wrecked when the hubris in ESG, tech and NFTs comes to an end?
3/
"History doesn't repeat it rhymes "- said so many times it has become a cliche.
We all look back at the internett bubble of the late 90's /early 20's. A tech boom followed by a crash in equities and eventually the beginning of a commodity mega cycle ending in 2008.
Read 11 tweets
Which segment performed better in 1Q this year: The global #wind industry or global integrated #oil majors? 1/5

You can load this chart on @TheTerminal by running {G #BI 108158}. #OOTT #EnergyTransition #ESG
2/ Follow-up: Which segment performed better over the last 12 months? #wind vs. big #oil
(Hint: different answer.)
3/ And over 5 years? #wind vs. big #oil
Read 5 tweets
#Thread about #NearEast #China #Oil #Iran #nuclearweapons #5G #geopolitics :

Beijing is counting on reviving the nuclear deal with Tehran

Historically, China had maintained relationships with the Middle East to secure and diversify energy supplies.

nzz.ch/international/…
In the ranking of those countries from which China imports the most oil, five still come from the region. Saudi Arabia leads the ranking ahead of Russia.
The main oil suppliers of China
Import in 2020, in millions of tons

#Oil #SaudiArabia #Russia
by @NZZAusland @NZZ
Source: nzz.ch/international/…
Read 12 tweets
⚠🚨Just In: Evacuation After Large Explosions At An Oil Refinery In Indramayu, Indonesia Reportedly
#Indonesia #Indramayu

On The Ground Footage Of The Explosions
#Indonesia #Indramayu

Another Angle Of The Explosions From A Distance
#Indonesia #Indramayu
Read 4 tweets
1/3 Thread: US vaccinations on a tear. Assuming 80% of those over 65 want a vaccine (it's never going to be everyone), over 84% have already received 1 dose. For those over 18 yrs old, (assuming 70%), we're at 43%. We're effectively done in April. Happy Easter. #oil #OOTT
2/3 US really regaining confidence on travel...1.4M passengers through TSA screening on Thursday. We likely avg that on a 7 day basis next week (or close). Airlines starting to hit their stride (domestic travel in US). Global flight data also showing improvements.
3/3 Explains the press releases by the airlines of late:
$UAL, $LUV, $JBLU (all SEC Form 8-K filings, small redactions for brevity)
Read 6 tweets
#Kuwait's young foreign minister @anmas71 is back in #Pakistan for the first time in 16 yrs (I met him back then). This interesting relationship spans military+strategic issues (#Afghanistan #Iran #Iraq #oil), & a forgotten attempt to save a Pakistani premier from execution. /1
#Kuwait helped #Pakistan withstand international sanctions after the 1998 nuclear tests (with KSA+UAE); was one of top 5 aid givers (with #SaudiArabia #UAE #US #EU) after #Kashmir earthquake 2005. And remains a key oil supplier (along with #KSA). /2

kuna.net.kw/ArticleDetails…
Former #Kuwait Emir Sheikh Sabah Al-Ahmed (who passed a way in 2020) enjoyed a close relationship with former #Pakistan Prime Minister Zulfiqar Ali Bhutto and landed in #Rawalpindi in May 1977 to show support to embattled #Bhutto just before a military coup toppled him. /3
Read 9 tweets
Scorched earth crypto legislation through enforcement is likely the worse US regulatory policy error ever made. As cash becomes CBDC, we'll make any value transferable as a currency, to be denominated in fiat of user's choice, meaning fiat no longer needed
Fiat's primary draw is two-fold:
1) It cures the liquidity, fungibility and portable ailments that plagued direct physical barter, and
2) Countries only allow their national fiat to be used to pay their mandatory taxes.

#P2PEconomy addresses 1), leaving only 2 as a use for cash
Those skilled in arts of wealth maintenance, investment mgmt realize that fiat is the most expensive asset to hold. It's:
1) Taxed the highest
2) debased the most (inflation)
3) has the lowest returns
Why hold fiat cash when you can spend assets/commodities directly via VeDeFi?
Read 8 tweets
#BREAKING
#RUSSIA #YAMAL #OIL

A ccording to RIA a Gazpromneft oil pipeline burst at the Yarainer oil field in Russia's Yamal.
SOURCE (Russian):
ria.ru/20210309/neft-…
#Russia #Yamal #Yarainerskoye #OilField #enviorment

Oil spilled on a area of 1,100 square meters acorrding to the report. Quoted is that, the pipeline valves were closed, oil did not get into the reservoirs.
Read 4 tweets

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