Quotes
Progress is impossible without change, and those who cannot change their minds cannot change anything.”
-George Bernard Shaw
Never doubt that a small group of thoughtful, committed citizens can change the world; indeed, it is the only thing that ever has.”
--Margaret Mead
Environmentally friendly cars will soon cease to be an option … they will become a necessity.”
--Fujio Cho, Honorary Chairman of Toyota Motors
A man fell down
in an oil well
and now
he's deep in the heart
of Texas
----G. Eldon Smith
Pandemic and The Oil Industry
The global oil industry has collapsed, demand is down, prices are down to 1970-80 levels, and profits are shrinking. The COVID-19 has built up an unprecedented supply glut. Giant oil companies have lost billions and cut jobs. Hundreds or even thousands of smaller oil companies have gone bankrupt.
The situation is the result of years of organizing in such a way that exposed the harms of OPEC and other such cooperatives that have controlled the market and held industrial countries hostage. The pandemic has speeded up efforts and policies to find more affordable forms of energy.
Colorado's Gas and Oil industry has not been immune. Before most of us had ever heard the word "coronavirus," Colorado’s oil and gas producers were already bracing themselves for a rough 2020. After years of soaring production and a global glut of oil kept prices low even as new wells underperformed, the situation caused profits to fall, debts to pile up and investors to begin fleeing. Coupled with persistent industry complaints about the new health and safety regulations.the economic outlook had plenty of drillers worried.
“Economic and regulatory uncertainties, along with exploration and production optimizations, may translate to stagnant or decelerating job growth in 2020,” said a group of economists at the University of Colorado’s Leeds School of Business in a December publication. The spread of COVID-19 and what had already figured to be a challenging year for the oil and gas industry has quickly turned into a bloodbath.
It Ain't Salad Oil
Wife: You’re shirtless and also covered in oil?”
Oil Well Driller Husband: “Well, you’re always saying I never glisten.”
Wife: “Listen! You never listen!”
Two Good Novels
Murder in the Rockies
Two Miles High and Six Feet Under
Both on Amazon and Kindle
Progress is impossible without change, and those who cannot change their minds cannot change anything.”
-George Bernard Shaw
Never doubt that a small group of thoughtful, committed citizens can change the world; indeed, it is the only thing that ever has.”
--Margaret Mead
Environmentally friendly cars will soon cease to be an option … they will become a necessity.”
--Fujio Cho, Honorary Chairman of Toyota Motors
A man fell down
in an oil well
and now
he's deep in the heart
of Texas
----G. Eldon Smith
Pandemic and The Oil Industry
The global oil industry has collapsed, demand is down, prices are down to 1970-80 levels, and profits are shrinking. The COVID-19 has built up an unprecedented supply glut. Giant oil companies have lost billions and cut jobs. Hundreds or even thousands of smaller oil companies have gone bankrupt.
The situation is the result of years of organizing in such a way that exposed the harms of OPEC and other such cooperatives that have controlled the market and held industrial countries hostage. The pandemic has speeded up efforts and policies to find more affordable forms of energy.
Colorado's Gas and Oil industry has not been immune. Before most of us had ever heard the word "coronavirus," Colorado’s oil and gas producers were already bracing themselves for a rough 2020. After years of soaring production and a global glut of oil kept prices low even as new wells underperformed, the situation caused profits to fall, debts to pile up and investors to begin fleeing. Coupled with persistent industry complaints about the new health and safety regulations.the economic outlook had plenty of drillers worried.
“Economic and regulatory uncertainties, along with exploration and production optimizations, may translate to stagnant or decelerating job growth in 2020,” said a group of economists at the University of Colorado’s Leeds School of Business in a December publication. The spread of COVID-19 and what had already figured to be a challenging year for the oil and gas industry has quickly turned into a bloodbath.
It Ain't Salad Oil
Wife: You’re shirtless and also covered in oil?”
Oil Well Driller Husband: “Well, you’re always saying I never glisten.”
Wife: “Listen! You never listen!”
Two Good Novels
Murder in the Rockies
Two Miles High and Six Feet Under
Both on Amazon and Kindle