Personally, I like selling my production at double the price, thank you very much. It helps my stock options A LOT. Heck, it even helps my employees! Hey Jen, maybe you should ask wind producers to increase production… oh wait. You can’t control the wind.
Maybe Pfizer could use that cool $40 billion in extra revenue and $13 billion in net income to drill some wells? I wonder if their completions would be more effective than their vaccine.
I suppose i shouldn't be surprised, yet i can't believe how many "persons on the street" have no clue regarding the availability of crude and refined products. i think they believe that operators have stashes of mogas or idled wells that could be restarted in the blink of an eye. People don't understand the life-cycle of capital in the oil patch and what it takes to explore, drill, produce, transport, and refine crude and refined products. I also have come to believe that they know next to nothing about profits and scale of O&G producers (particularly our biggest ones) compared to profits in other industries - say, financial services and pharma to name two. Perhaps, operators and trade associations should be more willing to take on educating an uninformed public?
Love it! Rock on DRW! 👍