Free Republic 1st Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $34,580
Woo hoo!! And the first 39% is in!! Thank you all very much!!

Posts by Sequoyah101

Brevity: Headers | « Text »
  • Picture: Student Served Most Disgusting “Michelle Obama” Lunch Ever

    01/30/2015 11:47:56 AM PST · 83 of 102
    Sequoyah101 to rightistight

    They have every right to throw this crap against the walls and walk out.

    That is revolting, pitiful and disgraceful.

  • Dead whale found at Seattle dock struck by ship propeller

    01/25/2015 10:32:27 AM PST · 30 of 33
    Sequoyah101 to PROCON

    Google or whatever: “whale stuck on ship’s bow”

    Apparently a lot are hit. Considering how hard it would seem to keep a dead whale stuck on a ship’s bow for very long the number hit and not ever seen again must be pretty high.

  • 7 On, 7 Off - The Roughneck Life

    01/25/2015 10:16:16 AM PST · 33 of 33
    Sequoyah101 to thackney

    I’ll never allow or ask a man to work more than 5 weeks out of 8 on a drilling operation. I been involved in too many incident investigations that involve the fifth week. I allowed a crew to talk me into a 35/35 rotation once since the flight time was so long. We ended it after four hitches.

  • 7 On, 7 Off - The Roughneck Life

    01/25/2015 10:10:20 AM PST · 32 of 33
    Sequoyah101 to 43north

    I guess everyone sees it differently. 28/28 is the best job ever. It is really 30/26 with travel most of the time.

    When you work you work. When you are off you are off and home. Time for six mini-vacations a year, time for real projects around the house, time to savor a coffee and conversation with the wife.

    A well run staff house can be very comfortable. People who like to complain can always find something wrong. Every staff house I have run was a mess because nobody managed it. I have two primary rules in the house.... I tell the head man the only smells I want are Clorox and good food. I tell the troops if you don’l like the food bring some recipes from home and we’ll get them cooked. Nobody plans menus so we do that once a week. It helps the cook a lot and keeps down the grumbling about food. If we don’t have good beds we import them from the States. Everybody gets a room with his opposite and a lockable locker and the normal in-room entertainment plus the same in the common area. We give the staff Sunday off and eat out for dinner and free range for other meals on that day.

    Working in the office, not so much. Weekends are for recovery. The commute can take half as much time as working. The office for engineers and many others in the oilfield has never been 8 to 5. More like 6A to 6, 7, or 8P. You get home in time to eat visit with the kids a bit and go to bed exhausted so you can get up and do it all again. I have gone weeks without seeing my home in the daylight except on the weekend. Weekends in drilling while in the office often go by without notice. There is either a problem or weekend duty and if not that the constant intrusion of phone or email for problems.

    No, thanks, I’d rather have the rotation job than being a prisoner exiled from my own home that just becomes a place to sleep and eat a bit.

    I’d rather live in my truck than a trailer as this guy describes. I’d figure out how to make that so before living in a pig sty like that. I hate camp jobs done off the cuff like he describes. They are nothing but a liability. You treat men like animals and they will work the same way. Sounds like he gets just what I describe.

  • Ted Cruz Just Launched His Iowa Campaign

    01/25/2015 9:07:55 AM PST · 180 of 236
    Sequoyah101 to Democrat_media

    Ain’t it the truth? Huckster has the religious right snowed. He is their boy. They are being suckered again. God gave us brains and free will so we can detect the false prophets... some are more like cultists than christians though.

    My wife is one of the cultists I’m afraid. Just this morning came out an, “I like Huckabee.” whereupon I began to enumerate some of his self aggrandizing and socialist activities in Arkansas.

  • Oil driller says its high-tech rigs can’t compete with cheap crude

    01/07/2015 8:39:46 PM PST · 21 of 21
    Sequoyah101 to thackney

    “A few years ago, a falling U.S. rig count would likely denote that oil production will decline over a short period of time – but with new technologies, that’s not guaranteed, analysts say.”


    This is just so much crap. Everybody wants to be on TV as an “expert”.

    I got news for all concerned... peak shale will happen. When? Maybe not too long but it will be delayed by this bust.

    You made an interesting observation today Thackney... Saudi nor anyone else can replace the “glut” of shale oil production increase from the US this last four or so years. There is about a 1% imbalance.

    I’m like you. I’ve given up forecasting. Speculation is a waste of time. I do know this, every ditch has two sides. It depends on how tall you are and how long you can last to get across the ditch and up the other side.

    Interesting... while oil was falling again today a notice comes out that money going into oil and gas investments is at a FOUR year high. Somebody is betting wrong. I wonder who?

  • Mike Huckabee: 13 Things You Didn’t Know About Him

    01/05/2015 5:17:28 PM PST · 6 of 28
    Sequoyah101 to EEGator

    Yeah, that too.

    My Mom calls him Huckelbee or is it Huckelby?

    He is really good at spend OPM as well. The renovation of Arkansas’ parks and lodges was a magnificent tribute he made for himself with money from the people.

    Huckabee? Meh.


    01/05/2015 5:03:46 PM PST · 95 of 211
    Sequoyah101 to Jim Robinson

    They needed a poll to find this out? They probably also have to use flashlights to find their ho hos.

    I bolted long ago. I have no desire to be affiliated with the “establishment” of republicans or demorats either one. Both have failed the voters that are trying not to fail the nation and they have submitted to the stringed money of the left.

  • Texas, U.S. rig count declines

    01/05/2015 3:09:21 PM PST · 15 of 17
    Sequoyah101 to thackney

    I can’t recall the month it took place but an IEA report showed up with a huge drawdown and nobody could explain it. I did similar math and figured that is what it was.

    I had a CEO once who thought that aging invoices was a gift that could keep on giving. That tank filling is a one time thing too but I think it was a contributor to breaking the feeding frenzy in 1999. As I recall it was taking place right about this time of year.

    You being in refining would be closer to the consumption patterns than I but this is the doldrums time of year. Nothing short of war is going to influence the kiddies right now. As long as the price bumps up and down a bit they really don’t care what it is unless they think they may lose some money. For every winner there is a loser. It is like they spend all day just screwing each other with monopoly money. I always think of Eddie Murphy, Mortimer and brother and orange juice for some reason. It isn’t funny though. The whole world is messed up by this foolishness and lots of people lose real money and real jobs. What a shame. All just puppets on little strings.

    I suspected that hydrofining to strip sulfur from diesel was a contributor to the cost spread and it took place with the ULSD but does it account for as much as a dollar that we are seeing? Thank you EPA. No wonder so much diesel finds more profitable outlets with exports.

    I love the smell of red diesel compared to the pansy ULSD stuff and the red just lubricates better it seems. It feels like it burns better for some reason. Best diesel I ever had was from the company refinery at Cyril... almost straight Red Fork condensate. They hardly had to do a thing to it. It was pretty much just jet fuel since that and the rigs were the biggest market for it all. Sold to all the bases in the area. My Pontiac Bonneville Brougham Diesel took a bit to get up to speed but it would run a hole through the wind. Dad got bit by a recluse spider one time and I made it from OKC to Ft. Smith in about 2 hours. If the cops had tried to stop me we’d have had a real pursuit cause they would have had to make me stop. Dad survived but got awful sick.

  • Texas, U.S. rig count declines

    01/05/2015 2:22:25 PM PST · 13 of 17
    Sequoyah101 to thackney

    I laid down 18 rigs in less than 30 days during August and September of 1982. Some drilled to casing point and stopped and some just stopped and plugged. Those were miserable days and there have been a lot more since then. A lot of kids have gotten suckered away from potentially decent careers with larger stable companies to smaller ones that just won’t make it through this. I feel sorry for them but lessons have a price. Some will have made a bit of gain but most will not.

    This has gotten silly. A 1% or so out of balance excess and more than a 50% drop in price? Absurd. I have been astounded since the first test trade of futures in October of 1984 that the largest industry in the world has allowed themselves to become no better off than farmers as commodity price takers. I expected back then that somehow the industry would shut down NYMEX or buy them out.

    And still people complain that the price of gasoline is too high. As an insider even I was shocked when I drove past the station today and saw 1.68 a gallon. My almost instant reaction was, “That’s too cheap. I should fill my tank before it goes back up.” I recall in ‘98 that at some point there was a sudden reduction in motor fuel stocks because it got so cheap everybody got greedy and started keeping their tank full to the brim. I can’t recall how much was moved from commercial storage to gasoline tanks but it was a lot.

  • Outlook 2015: Q and A with oilpatch veteran Jim Gray

    01/04/2015 8:49:00 AM PST · 11 of 11
    Sequoyah101 to thackney

    I keep looking for a pony under the pile of crap. I don’t see a return to the heady days of the last two years in Shale anytime soon. I got my first victim resume on Friday. There will be a lot more of them and mostly from the shale business. I’m very afraid that the almost never ending shortage of engineers and such is going to become a true glut.

    I forgot who was on Bloomberg but he gave a pretty rational evaluation of shale... projects, not oil fields. His group has never invested in shale. He understands the decline rates and the economic model of shale. Few others seem to. Shale now is like a 35 day trip in a lifeboat with 30 days of water. If the well does not pay out in the first 6 months to a year it never will... there just isn’t enough production left after that to make a decent rate of return.... The best wells are able to payout in that time all the way down to about $50 but the mean well is not... the quality of the mean well all depends on where you are in the area.... sweet spot or not.

    Anyway. Without the shale bump global decline at “normal” drilling rates is about what, 2 to 3% a year? Shouldn’t take long to work off a mere 1% surplus so often referred to as a GLUT... how foolish that seems to me. 1% excess supply is so easy to remedy. We don’t need 100 plus oil, we need steady 80 or so in real dollar terms. When the Saudis said the target was 90 I felt pretty good about that. Thinking it might be a healthy blend for economies and production.

    There was no more reason for 100+ the last three years than there is for 50 now. Oil has been too high and it has made me about as uncomfortable as the low price does now because I knew it would discourage demand and hurt the economy. It did both. The largest industry in the world allows themselves to b price takers and constantly pilloried by a bunch of snot nosed traders.

    Oh for the days of the Texas Railroad Commission and allowables. We had a pretty good oilfield in those days. Steady, quiet, reliable, good prices to the consumer, predictable. We have lived on a roller coaster in so many areas of the economy for so long. It seems like things were more stable a few decades ago before the 70s.

  • Pump price plunge hits 99 straight days

    01/04/2015 8:29:50 AM PST · 38 of 39
    Sequoyah101 to thackney

    The spread between gasoline and diesel has been hard / impossible to explain for several years now. They were once pretty close together. As a member of the oil and gas community I am embarrassed by it since it does not have any real rational explanation. Diesel does have a higher BTU content but that does not explain the difference. With the high supply of near condensate shale oil diesel should be plentiful and relatively cheap. It is very easy to refine. Even the low sulfur does not explain the price difference and the additional tax on diesel does not either.

    I see as much as a dollar spread.

    I also saw diesel prices range from 3.25 to 2.45 on US 69/75 from Houston to W. Arkansas.

  • Republicans rising up to remove Boehner

    01/04/2015 8:22:11 AM PST · 45 of 97
    Sequoyah101 to

    WHAT LEADERSHIP? What leadership do we have now? I see nothing.

  • Louie Gohmert running for Speaker

    01/04/2015 8:19:19 AM PST · 92 of 109
    Sequoyah101 to Seattle Conservative

    YES!!! Get rid of Bonehead. Nothing but a lush.

  • This Is How Fast Texas Wildfires Can Move (video)

    12/25/2014 9:06:57 PM PST · 7 of 7
    Sequoyah101 to Norski

    Not really. Pretty foolish to me.

  • This Is How Fast Texas Wildfires Can Move (video)

    12/23/2014 5:46:42 AM PST · 5 of 7
    Sequoyah101 to DaveA37; basil

    The fire in Magnolia, Texas started on a September Sunday afternoon. Not a cloud in the sky. I had not rained much at all since October of the previous year. The fire was supposedly started by careless actions. The fire to the NW in the spring in the same area was supposedly started by careless actions. All the cause is just conjecture though since you can’t find one shred of information about the cause.

    I wonder Why?

  • Oil Companies Seen Cutting Spending 25 Percent in 2015 Due to Falling Crude

    12/22/2014 7:47:42 PM PST · 18 of 27
    Sequoyah101 to thackney

    This weekend my wife and I made a little graph of the last 38 years. We were better off than some work wise in some of the bad times but we marked out 19 year of the last 38 when we were budget constrained at work and at home and had threat of layoff or layoff.

  • Kate Upton Named First-Ever Sexiest Woman Alive

    12/21/2014 7:08:16 PM PST · 64 of 186
    Sequoyah101 to PROCON


  • The United States of Anxiety

    12/21/2014 11:52:37 AM PST · 3 of 3
    Sequoyah101 to Steelfish

    Pretty scathing of testicular fortitude but I do feel like the life we / I lead is like being in a flight simulator where they are throwing problems at you to see if they can make you crash and burn.

    It is some kind of threat or challenge, planned or unplanned every single day. The factors stacked in the deck against our successful passage are almost without number. We don’t have good days, only a few days that don’t suck.

  • Two NYPD officers 'assassinated' while sitting in patrol car in Brooklyn by gunman who boasted on In

    12/21/2014 8:55:03 AM PST · 93 of 158
    Sequoyah101 to Kackikat

    The article I read yesterday may be right, this may be Peak Left.

    Order is breaking down and the more it breaks down the faster it breaks down.


    12/20/2014 5:16:46 PM PST · 4 of 31
    Sequoyah101 to w1n1

    Why do they always sit like they are taking a dump? Seems like they’d strain something like that.

  • "Deflation Warning" vs. "Inflation is Nearly Everywhere"

    12/20/2014 5:12:37 PM PST · 14 of 24
    Sequoyah101 to arthurus

    PS, we had little inflation until tricky dicky took us off the gold standard. It was almost unheard of.

  • "Deflation Warning" vs. "Inflation is Nearly Everywhere"

    12/20/2014 5:11:44 PM PST · 13 of 24
    Sequoyah101 to arthurus

    I’m ready for some food prices to deflate but that isn’t going to happen. They never come down even when they can and should.

    I’m sick of partially filled containers of all manner of foods. What do we do?

  • Protesters, driver have tense confrontation during protest [Cleveland]

    12/20/2014 5:08:41 PM PST · 74 of 76
    Sequoyah101 to Bodleian_Girl

    WTH kind of flag is that?

  • Next Up in America: The Liberal Retreat

    12/20/2014 5:00:33 PM PST · 19 of 25
    Sequoyah101 to WashingtonSource

    Really? It looks like the pubbies have already folded their tent. The left never gives up. They have a limitless supply of discontent to spread.

    Neither side ever gets enough power or money... never. The will keep going until they are stopped. Then the clock is reset to take off again.

    Wash rinse and repeat. One despot after another through out history has to be defeated by quiet men trying to live simple lives.

  • 2 arrested in attack on man with bat, pickaxe (GREAT mugshot)

    12/20/2014 5:48:22 AM PST · 11 of 43
    Sequoyah101 to Loud Mime

    Class A Loser... Vermin. Cull not worth keeping. He’d be a bologna bull where I come from. You know, pink paste.

  • What’s Really Driving Saudi’s Reluctance?

    12/19/2014 9:12:53 PM PST · 42 of 43
    Sequoyah101 to thackney

    I suppose but it is sometimes like trying to stop a tidal wave.

  • What’s Really Driving Saudi’s Reluctance?

    12/19/2014 3:55:25 PM PST · 39 of 43
    Sequoyah101 to thackney

    Why do you spar with an unarmed opponent? I realize there is gratification in teaching the ignorant an enlightening them but you gotta have some raw material to work with.

    This guy would argue with a fence post over which side of it the sun would come up. To learn anything you have to at least suspect you need to.

  • Women Who Propose: The Real Story

    12/19/2014 8:34:56 AM PST · 19 of 39
    Sequoyah101 to sport

    And squat to ... never mind.

  • A New, "Super" F-35 to Rule the U.S. Military?

    12/19/2014 8:18:40 AM PST · 10 of 35
    Sequoyah101 to C19fan

    Yeah, brilliant. They are just trying to get ahead of the end of the contracts. At the pace they are building this one they had better get about 5 or 10 years ahead.

    “internal air-to-air and maybe a new engine”.... sounds like the best solution would be to pick up the seat and slide a new design underneath it.

    This is a POS and is going to get people killed and lose battles. It is an albatross.

  • EIA, Analyst: US Crude Production Strong, Despite Rig Count Decline

    12/19/2014 7:48:26 AM PST · 9 of 9
    Sequoyah101 to P-Marlowe

    Hauling off the salt water gets to be more expensive than the revenue from the oil they produce. The more salt water per bbl they produce the sooner the salt water disposal cost exceeds the oil revenue. Eventually, the operator just runs the well enough each month to make a showing so he can hold the lease until things get better and he can afford to pump oil. The abandonment cost is so high they keep the wells limping along for as long as they can while they try to figure out how to get rid of them and make the abandonment someone else’s problem.

    These stripper wells don’t make a whole lot of oil per each but there are a whole lot of them.

    BTW, this article is mostly bull. For each rig that continues to run production will either remain the same for the wells that rig drills if it has reached plateau or slightly increase if it has not reached plateau. For each rig that goes down the rate from the sum of the wells it has drilled will decline at about 70% per year or so... very rough numbers each well is different and your mileage may vary. So, overall production will fall by 0.7 x 0.x (percent of rigs reduced). I expect that 20 to 50% of the rigs will be laid down by March if this price continues.... within 6 to 12 months production from shale will fall by about 14 to 35%. It is fun to bet with so little consequence isn’t it.

  • First cougar seen in Kentucky since the Civil War is promptly shot dead

    12/19/2014 7:33:09 AM PST · 47 of 135
    Sequoyah101 to olepap

    I didn’t know anything lived between Tatum and Roswell except rattlesnakes, a few wells and those itty bitty oak trees.

  • Crude Oil Is Rolling Over

    12/18/2014 2:41:11 PM PST · 44 of 50
    Sequoyah101 to Attention Surplus Disorder

    Can you point me to an explanation of this?

  • Crude Oil Is Rolling Over

    12/18/2014 2:39:37 PM PST · 43 of 50
    Sequoyah101 to Grampa Dave; thackney

    I thought yesterday we were hitting bottom sanity but NOOOOO... I need to quit looking at this. I have too much wear and tear on myself to stack on more of this again. I’ve lost track of the times I’ve hung on the spot price, the futures prices, the news and all looking for a turn, a glimmer of hope that things were getting better. Why? I’ve had to let too many good people go. I’ve seen too many hopes and dreams shattered and too many happy times end. Good work and progress are my reasons for living... both make me feel purpose, service and doing the best I can to take care of my folks.

    I’ll share some of what I think is relevant analysis. It is a shame to think the world is turned on its head over KSA hard ball but I think you are right. I just wonder who else is involved in this? Several CEO and other are saying it the US.

    I am probably OC on this subject but, after all, it is but one of my obsessions.

    I have found these fellows especially rational. The supply / demand / price relationships appear to be well constructed and reminiscent of my agricultural economics course... surely nothing like Harvard but certainly very much in keeping with my hard knocks education.

    The suggestion of a bloody ‘15 and a recovering ‘16 echo my own assessment for differing reasons and what I’ve been told some large corporation planning departments are forecasting.

    First, this interesting fellow. We have some interesting people in our business. I am often impressed by their credentials and candor and dedication to the business... sometimes altruistically and / or strongly motivated by curiosity.

    Next, his basis for forecasting, The crash explained:

    One respondent to this analysis suggests “we are in uncharted territory”. Yes, I think so. This new tight production does not follow the old supply elasticity “rules”. It is fragile and our growing population of OLD wells that are very sensitive to lifting cost and price are also very fragile sources of supply.

    Next, some forecasting with three scenarios. All three end up with the same conclusion, $100 oil again by the end of ‘16.

    Another fellow who arrives at similar conclusions but from an engineer’s perspective is this guy at Missouri School of Mines.

    This one of the more balanced views I have seen since this all started. Not because it is “hopeful” but because it appears balanced.

    Somewhere between wishful thinking and panic is the most likely outcome.

    Then there are conspiracy theories.

    Russia is the wildest card of all and I think the crash is an orchestration led by oil / Saudi. I don’t think KSA did this on their own though. I think they were put up to it by this administration, Crazy? Maybe, but they are just this stupid and idealistic... remember Putin dissed obozo, this is his quid pro quo. What does not compute though in that thesis is how the lizard queen (Jarrett) allowed this to happen to Iran. What I am afraid of is that this plot has over shot the mark. That they have let the genie out of the bottle. Like bad wishes, you have to be careful one does not float back to you. We have a world economy and if Russia hurts and reduces consumption we must hope that they will also have crippled production... I think they will but they may not. Putin is ruthless but he is also smart and knows better than to produce into a hole.

    Based on old wells becoming a larger part of production and enhanced early time recovery, a cohort of mine and I forecast back in ‘98 that the amplitude and frequency of price swings would both increase as time went by. I have said for years that the hydrocarbon era will end with large resources left that can’t economically be converted to reserves and that we will run out of production rate instead of oil... it will just take more energy to get it out of the ground than it provides. Owing to the nature of man... greed and stupidity, the necessary work to build the alternatives to hydrocarbon delivery rate, and they are available, will only be done when the situation becomes dire and the world lapses into a deep energy driven general funk. Until then, oil will be a good investment with a general price rising at a rate exceeding inflation but punctuated by “jump out of window” crashes. I suspect that consolidation will continue fed by foolish investments gone bust that can’t repay their debts.

    Meanwhile, back a the ranch, another profit opportunity crisis is being created in gas fired generation if this economy ever recovers and electricity demand goes up. It is being fueled by the general condemnation of coal fired generating capacity. “Under my plan the price of electricity will necessarily skyrocket.” Yahoo.

  • Crude Oil Is Rolling Over

    12/18/2014 11:03:22 AM PST · 23 of 50
    Sequoyah101 to Grampa Dave

    With between 750 billon and 800 billion in cash reserves the Saudis could weather the shortage for 5 years. Somebody will break and whack them before that happens.

    Neat graph though, thanks.

  • This Is What a Currency Collapse Looks Like

    12/17/2014 11:59:40 AM PST · 32 of 68
    Sequoyah101 to GeronL

    You can’t taunt a cornered bull or BEAR forever. Eventually they will come out swinging against their adversary.

    This is what I am concerned about.

    The Saudis can keep doing this “not a price” war for a lot longer than it will be prudent to do so.... about 5 years. Before that time is up, if they persist, something will blow up.

  • There Was No Way a P-51 Could Replace the A-10

    12/17/2014 8:36:09 AM PST · 55 of 100
    Sequoyah101 to central_va

    Catch the sheet of plywood sticking out from under the rear fuse. The thing had dive brakes like barn doors.

  • Obama withdraws Alaska's Bristol Bay from oil drilling

    12/17/2014 6:42:40 AM PST · 32 of 36
    Sequoyah101 to mazda77

    Now you’re just trying to get me excited.

  • Christian Man Asks Thirteen Gay Bakeries To Bake Him Pro-Traditional Marriage Cake, And Is Denied Se

    12/16/2014 10:31:25 PM PST · 34 of 37
    Sequoyah101 to TurboZamboni

    I’ve wondered what the quid pro quo for the gays suing straights might be. It would not have done to simply ask for a wedding cake. This is the answer.


  • Obama withdraws Alaska's Bristol Bay from oil drilling

    12/16/2014 10:21:15 PM PST · 25 of 36
    Sequoyah101 to doc1019; iowacornman

    Exactly. How many times has that happened already?

    The guy is the teflon don... nothing sticks to him.

  • Saudi Arabia’s oil war against Iran and Russia

    12/16/2014 11:31:55 AM PST · 10 of 48
    Sequoyah101 to thackney

    You keep saying that they have not raised their production and you are correct. In fact, it is somewhat lower than last year.

    However, not only have they not reduced production they have repeatedly released pronouncements to NOT reduce production under any circumstance and loudly announced innervating notices to all who will hear that consumption is down and will go lower when in fact it is the rate of consumption that has moderated and it is still expected to increase but not as fast as previously thought.

    Basically, the Saudis are putting gasoline on a fire every time they get a chance.

  • 10 Things Wrong With Jeb Bush for President

    12/16/2014 11:14:22 AM PST · 28 of 34
    Sequoyah101 to raybbr

    4 MILLION is just a good start. Hardly makes a dent in the problem.

    One of them nearly ran over me this morning not understanding the concept of merge. I don’t think there are many freeways in Guatemala. A donkey merge and collision is not much of an event.

  • 10 Things Wrong With Jeb Bush for President

    12/16/2014 10:44:51 AM PST · 20 of 34
    Sequoyah101 to The Looking Spoon

    One thing above all else takes him out of contention.... he is a BUSH son.

    The are predisposed to illegal loving and some other stupid sh_t.

  • US Rig Count Descent Begins In Conventional Oil Areas

    12/16/2014 9:44:29 AM PST · 44 of 45
    Sequoyah101 to bestintxas

    I’ve been unemployed for a long time but have not missed a day I wanted to work in the same time period. Thank the Lord.

    Self-employed and owing a business has both compensations and pains but you will know where the bullets come from and you own all the outcomes.

    Two people can ruin your life in one day without any reason... your wife and your employer. I’m never giving either of them a shot at me ever again.

  • The Oil-Price-Shock Contagion-Transmission Pathway

    12/15/2014 4:47:53 PM PST · 2 of 18
    Sequoyah101 to Lorianne

    In late ‘98 things came unwound and dropped the price like a rock. Then there were many “lost” cargoes ... tanker based storage afloat on the high seas. The barrels were lost in counting inventory numbers. Nobody was sure how big the glut was. Turned out, not much of one after all as I recall.

  • A Lull Before the ObamaCare Rate Storm

    12/15/2014 4:42:42 PM PST · 16 of 35
    Sequoyah101 to Kackikat

    That is really what this is... hospitalization.

  • A Lull Before the ObamaCare Rate Storm

    12/15/2014 4:17:07 PM PST · 12 of 35
    Sequoyah101 to ez

    Pay for it your self... $1083/mo, $6000 per person deductible, ZERO copay... all out of pocket until we reach $6000 per person.

    13,000 per year premium
    6,000 per year expenses before insurance pays a dime

    Might as well say health care is right at $20,000 a year for two people if they get anything done at all.

    Even at this I have my doubts that the insurance will pay... The contract says the rates they agree to pay are DISCRETIONARY. They can DISCRETE to pay ZERO!

    We are being bled dry.

  • Russia heading for crash as ruble plummets

    12/15/2014 3:56:37 PM PST · 38 of 82
    Sequoyah101 to Chickensoup

    Wouldn’t make a dent in the debt. Would accomplish nothing but vindictiveness. Business doesn’t function like that for me.

  • US Rig Count Descent Begins In Conventional Oil Areas

    12/15/2014 3:39:08 PM PST · 39 of 45
    Sequoyah101 to Dixie Yooper

    Not just a whole heck of a lot can continue below $50. If $50 goes on very long there will be blood in the streets of the oil patch and keys in the flower beds in Houston, Midland and Williston.

    About the only thing happening will be obligatory drilling for lease hold and work overs. I’ve seen it all before times FOUR and it is absolutely brutal.

    There was hardly a breath of air stirring in the oilfield in ‘86/’87 that one lasted for years, or ‘98/’99 or ‘01/’02. I was shocked ‘08/’09 recovered so well with global demand down so much.

    ‘82 was brutal. I laid down 18 rigs in a month out of 21 that we had running. There was so little left. I had a lump in my chest bigger than a basket ball for months. So many people out of work. So many that had to be told bad news. You do what you can but seeing good men that do great work and want to work break down has taken a toll on me for decades now. It is so painful to experience.

  • US Rig Count Descent Begins In Conventional Oil Areas

    12/15/2014 3:30:16 PM PST · 38 of 45
    Sequoyah101 to 1Old Pro

    Oh there will be a lag and a sharp spike in prices that does it. After seeing a shark the swimmers are reluctant to trust the water.

    It took two years in ‘98 / ‘99 and then along came 9/11/01 and it went down all over again. Took until 2004 for things to get better again, again. I made a great deal for a drill ship in early 2004 that the contractor did all he could to get out of because the market was rising so fast. Before that, not so much.

    Those were long and lean years again. Looking back over 40 years there have been more lean / sluggardly years than there have been good ones. It is a brutal industry and a risk industry for everyone involved. That is why it pays so well when it is good.

    Steady would be much better but it never happens. It is always like a gold rush or a busted boom town.