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Do Deikins

Joined: 14/09/15

Comments by Do Deikins
3 Oil Market Takeaways From The Last Week And Why They Matter Dec 13, 2020 8:23PM ET
The future will change a lot faster than you imagine.  Batteries will not be an issue. Post
Demand Doubts, Cheap Oil Driving Different Strategies For Europe, U.S. Majors Oct 01, 2020 5:08PM ET
Agreed with your assessment, though I think it will happen faster than we think.  What will happen will be major cultural changes.  I.e. While Covid dampened demand for gasoline, it also was a disaster for 'bulk' public transportation.
Energy Report: Demand Fears Oct 01, 2020 4:00PM ET
CA - ouch!  You actually quoted yourself?
China's Crude Oil Imports Are Set To Drop; Here's Why That's Likely Temporary Sep 10, 2020 11:06AM ET
I appreciate analysts that give at least two potential scenarios, especially when they give different outcomes.  I'm not so concerned about their ultimate choice, but I do like having the basis for their arguments so that I can choose well.  IMO, Dr. Wald does a good job.
Like Gold, Oil Rallies Too, But It’s a Different Story Altogether  Aug 05, 2020 12:50PM ET
The largest solar energy projects on our planet would go to virtually zero without petroleum input.  Look forward to minimal usage of petrol, but it's not going to happen soon.  Oh, those largest solar projects?  We call them farming.
It's Been 6 Years Since Oil Topped $100, So What's Keeping The Price So Low? Jul 31, 2020 4:04PM ET
Ahh yes, Venezuela.  Cut out those oil capitalistas draining the coffers with the deals they made years ago (under those reactionary previous govts).  Abrogate the agreements, expropriate (steal) their possessions, and all that dirty loot will go to the people (well, some people are more equal than others, Sí, hermano.)  So how did that work for you, Presidente Maduro?  You certainly have gotten fatter!  How did it work for Venezuela?  Went from the highest GDP per person in the world (in the 50s) to a country that makes Haiti and Honduras look rich.
The Energy Report: 60,000 Reasons Why Jul 10, 2020 6:10PM ET
« While many of those cases maybe (sic) because of increased testing ...»  I don't understand the sentiment?  To me that is like saying we could reduce US production by 50% if we only counted half the wells?
U.S. Baker Hughes Oil Rig Count Jun 05, 2020 7:50PM ET
How can initial production be flat or declining?  That means production from a well is zero or negative? So that's where all that extra storage volume came from!  Whoop!
Energy Report: The Comeback May 05, 2020 3:24PM ET
The Alamo is no longer the greatest slaughter in Texas history.
Do Oil Producers Have Any Price-Boosting Options Left? 5 Possible Strategies Apr 16, 2020 1:33AM ET
Get a book on reservoir management. Get a book on reservoir management.
Do Oil Producers Have Any Price-Boosting Options Left? 5 Possible Strategies Apr 16, 2020 1:31AM ET
You don't think the banks will still do there best to keep the wells running?  The only way they get any money is to keep the oil flowing.  And as stated well elsewhere, one can't just shut an oil/gas well down.  But eventually market forces will shut the wells (and the companies) down .
Energy Report: Meeting Madness Apr 06, 2020 9:10PM ET
Your next to the last paragraph starting: 'U.S. and Canadian officials ...'  makes no sense to me.  Would you please explain.
U.S. Oil Industry In Trouble, But Production Unlikely To Plunge Anytime Soon Apr 02, 2020 4:44PM ET
Note that the US, for all its rhetoric from the president, still received 368,000 bpd from Saudi Arabia.  Of course, much of that may have been in transit or ordered before the Saudis made their decision to destroy the oil market.  It will be interesting to see how much it imports this next week,  That may be a topic at the Friday meeting, what'cha think?  Would President Trump sanction S.A.?
U.S. Oil Industry In Trouble, But Production Unlikely To Plunge Anytime Soon Apr 02, 2020 4:37PM ET
Not much use pumping oil if there is no place to put it.  While US imports were negative (as of 27 March), it was only by 200,000 bpd - less than 2% of production and refinery runs decreased by the same amount, negating that outflow.  What is the current filled capacity and the percentage available?  I'm fairly certain storage capacity is pretty close to topping the brim especially since the refineries have cut production.  (Note all statistics as of the last DOE/EIA report of 27 March.)
Oil Crash 2020: The Saudis’ Unintended Help In A Pandemic Mar 27, 2020 12:31PM ET
Where I live (Latin America) gas/diesel now is only sold for govt uses or those with a govt mandate (medical, delivery, humanitarian).  I'm betting demand has dropped 90%
Russia-Saudi Price War Pressuring Oil? That's The Wrong Narrative Mar 15, 2020 10:57PM ET
Dr. Wald is referring to Russia.
U.S. oil boom vs Europe's renewables focus? Big Oil's gap widens -- in words Mar 10, 2020 7:27PM ET
*energy production from fossil fuels*
U.S. oil boom vs Europe's renewables focus? Big Oil's gap widens -- in words Mar 10, 2020 7:25PM ET
Words are cheap.  In deeds, the USA has cut far more CO2 production, in volume or percentage, than any of the European Union nations (since 2005).  Texas, for instance, has had at least one month where renewable energy production (mainly wind) has been larger than fossil fuel production.  How many of the European Union can claim that?  But then Texans, and Aussies I might add, have always had a reputation for being wind-bags. :-)
The Phil Flynn Energy Report: March 10, 2020 Mar 10, 2020 1:11PM ET
Hmmm, money talks.  We'll see in the next few EIA reports how much oil is imported into the US from Saudi Arabia in the coming weeks.  At those prices ...
Energy Report: All Out Price War In Oil Mar 09, 2020 2:39PM ET
Think we've hit a bottom? Post
OPEC-Russia Alliance Pressured As Coronavirus Impact Hits Oil Prices Mar 05, 2020 12:09PM ET
Easy to criticize, harder to analyze, Mr. Tcherkassov.  Dr. Wald could have said that OPEC's goals are not aligned with those of the USA, clearly.  But the question is how will OPEC+ alliance affect energy prices.  I think she did a good job of assessing the possibilities and determining an outcome, especially considering that most oil producing nations are not market economies, but centrally managed (i.e.political) economies.  What is your prognosis?
Energy Report: Oil Demand To Be Hit Hard By Coronavirus Feb 14, 2020 2:49PM ET
Covid-19 not done yet.
Flawed Demand Forecasts Drive Oil Prices Yet Virus' Economic Affect Unknown Feb 14, 2020 1:26PM ET
It's not done yet.  Radically under-reported, anyone with mild symptoms sent home to self-quarantine because of lack of resources.  Sure they may have mild symptoms, but they still spread this virulent virus to those who are more susceptible.
The Phil Flynn Energy Report: 11-13-2019 Nov 17, 2019 9:19PM ET
I have seen old engineering books stating that 1980 would be peak oil if it hadn't already peaked.  Of course one of those admitted that people had made predictions previously, but they were wrong.  But they now had better information.