Recruiting forum off topic thread (no politics, covid, or hot button issues)

#5,326
#5,326
Pridedad said:
Looks like a DR wood chipper. . But seriously was the log already laying on the ground before this happened?
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Yes I have two or three logs that have fallen and it seems like I wake up and about a five foot section has just been shredded.
 
#5,327
#5,327
Ran an errand this morning, gas was $3.59.

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Went to lunch gas at same station went to $3.99.

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#5,334
#5,334
Glitch said:
If only we had a domestic source of oil and natural gas that could insulate us from the volatility of the global oil market in case a war breaks out concerning one of the other major oil producing countries that sends the oil market soaring and causing prices at the pump to follow! Ohhhh! If only something like that existed!!!!!
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Apparently there are 9,000 unused & already approved domestic drill sites.

Not sure why the oil companies aren’t using them. But worth mentioning.
 
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#5,337
#5,337
Glitch said:
If only we had a domestic source of oil and natural gas that could insulate us from the volatility of the global oil market in case a war breaks out concerning one of the other major oil producing countries that sends the oil market soaring and causing prices at the pump to follow! Ohhhh! If only something like that existed!!!!!
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Oil prices are based on the global markets. Having more production in the US wouldn't insulate the US (not anymore than the rest of the world, anyway), as that oil would be bought and sold on the global market. We aren't Russia or Venezuela or China, we haven't nationalized the domestic oil industry.
 
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#5,338
#5,338
MoCo_Vol said:
Apparently there are 9,000 unused & already approved domestic drill sites.

Not sure why the oil companies aren’t using them. But worth mentioning.
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depends on where they are. I know my buddy in North Texas is getting involved in a lot of active drilling sites to up production. Now the artic wildlife refuge in AK is very controversial if you are talking there...
 
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#5,340
#5,340
bignewt said:
depends on where they are. I know my buddy in North Texas is getting involved in a lot of active drilling sites to up production. Now the artic wildlife refuge in AK is very controversial if you are talking there...
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Yeah, not sure where the bulk are. I’m sure some are in some tough terrain that’s not easily accessible.
 
#5,341
#5,341
MoCo_Vol said:
Apparently there are 9,000 unused & already approved domestic drill sites.

Not sure why the oil companies aren’t using them. But worth mentioning.
Click to expand...
Used to work in the oil and gas industry. There is a large lag time between investment in the well to actually producing the oil. Being that this spike was very rapid, it will be 3-6 months to mobilize additional land rigs and or mobilizing the frac/production crews to work in preciously drilled wells. For offshore, your talking a year plus from the time money is tabbed for a project until it even begins mobilizing anything. Offshore is usually about a year behind on everything, including all the layoffs
 
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#5,342
#5,342
orangejuice said:
Used to work in the oil and gas industry. There is a large lag time between investment in the well to actually producing the oil. Being that this spike was very rapid, it will be 3-6 months to mobilize additional land rigs and or mobilizing the frac/production crews to work in preciously drilled wells. For offshore, your talking a year plus from the time money is tabbed for a project until it even begins mobilizing anything. Offshore is usually about a year behind on everything, including all the layoffs
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Yep, and the pandemic likely only increased lag times.
 
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#5,343
#5,343
bignewt said:
Bingo. The private companies in the US are swimming in money when prices go up. They don't have any incentive to produce more and its all about how much we can actually refine which is finite.
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That’s a large misconception. Generally the US will milk any value until they get to the point of driving the price down. That’s because there is a large amount of competitions and the cost for well production is a sunk cost, meaning the money has been spent, and they will generally push as much out as they can if they have it.

It’s the new investment that usually suffers during downturns and has a large lag time between higher oil prices and the higher productions that follow.
 
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#5,346
#5,346
SoilVol said:
Probably a combination of things. Woodpeckers, especially pileated, will rip into logs like that. Raccoons, maybe skunks and opossum, will dig into logs for grubs as well.
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whatever it is, they are going to town. I have two logs that are about 16" diameter and they are about half destroyed with big ole chips all around. It does make great kindling.
 
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#5,347
#5,347
orangejuice said:
That’s a large misconception. Generally the US will milk any value until they get to the point of driving the price down. That’s because there is a large amount of competitions and the cost for well production is a sunk cost, meaning the money has been spent, and they will generally push as much out as they can if they have it.

It’s the new investment that usually suffers during downturns and has a large lag time between higher oil prices and the higher productions that follow.
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The US isnt producing oil. Private corporations produce oil or they take the barrels the small guys are pumping. Competition is determined by demand.
 
#5,349
#5,349
bignewt said:
The US isnt producing oil. Private corporations produce oil or they take the barrels the small guys are pumping. Competition is determined by demand.
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Yes, you are correct about it being private and demand is driving everything. There is currently a very large excess demand. Private oil companies in the US have a very large incentive to increase upstream investment. We are currently only utilizing about 81% of the us refining capabilities as there has been a lot less upstream investment over the last 7 years or so. My point was that supply and depend drives the price of oil more than any private company in the us. There isn’t a single one that would hold back oil reserves to keep the price high. If they have the oil, they will sell it. The only change is how much they invest in future production, which is why there is a lag in oil production.

The only people that try to control the oil price was OPEC and the fracking boom of the US killed their ability to do that. It’s obviously way more complicated than this but you get the idea.
 
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#5,350
#5,350
orangejuice said:
Absolutely, trucking and hotshotting is a huge part of mobilizing rigs and production equipment. There is a HUGE shortage of that right now. So if anyone wants to make bank, buy a truck and start hotshotting in west Texas.
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You know any companies directly or just saying In General?
 
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