sts7049 said:

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looks like shell is bidding for BHP's shale stuff

https://uk.investing.com/news/stock-market-news/shell-blackstone-working-on-10-billion-joint-bid-for-bhps-us-shale-assets--sky-news-1072082

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Gig-Em2003 said:

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Yes. I was replying to comment about whether or not vine would care if their sponsor was investing in another regional player.

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Quote:

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Schwarzenegger's heading to an environmental conference in Vienna in May and he's exploring how to go after oil companies, which have known since 1959 that their products would likely cause global climate change, he said. He compared that along with worldwide deaths caused by air pollution from fossil fuels to first-degree murder.

"I'm talking to law firms to go and do exactly the same thing that they're done with the tobacco industries, where we sue the oil companies for knowingly killing people all over the world," he said. "We are going after them and we're going to be in there like an Alabama tick."

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Texas A & M said:

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Arnold Schwarzenegger speaking at SXSW today:

Quote:

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Schwarzenegger's heading to an environmental conference in Vienna in May and he's exploring how to go after oil companies, which have known since 1959 that their products would likely cause global climate change, he said. He compared that along with worldwide deaths caused by air pollution from fossil fuels to first-degree murder.

"I'm talking to law firms to go and do exactly the same thing that they're done with the tobacco industries, where we sue the oil companies for knowingly killing people all over the world," he said. "We are going after them and we're going to be in there like an Alabama tick."

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https://www.mystatesman.com/news/local/governator-backs-flexing-legal-muscle-against-polluting-oil-companies/dxCbPiAK9OTQFbxdUVFqoO/

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txaggie_08 said:

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FHKChE07 said:

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He is turning all of those electric. On Jay Leno's car show this season he showed off a G Wagen that he had converted and talked about how he was in the process of converting one of his hummers.

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How does he charge those electric cars?

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Texas A & M said:

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Arnold Schwarzenegger speaking at SXSW today:

Quote:

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Schwarzenegger's heading to an environmental conference in Vienna in May and he's exploring how to go after oil companies, which have known since 1959 that their products would likely cause global climate change, he said. He compared that along with worldwide deaths caused by air pollution from fossil fuels to first-degree murder.

"I'm talking to law firms to go and do exactly the same thing that they're done with the tobacco industries, where we sue the oil companies for knowingly killing people all over the world," he said. "We are going after them and we're going to be in there like an Alabama tick."

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https://www.mystatesman.com/news/local/governator-backs-flexing-legal-muscle-against-polluting-oil-companies/dxCbPiAK9OTQFbxdUVFqoO/

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BlackGoldAg2011 said:

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another interesting point of context is that California produces just shy of 500k bpd of crude oil, and yet they use 1.7MM bpd of crude. so if push came to shove and the industry decided they wanted to flex back at california, I cant imagine it would take long for them to see who had the bigger stick to swing

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Boat Shoes said:

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Devon selling a portion of their Barnett holdings to an undisclosed buyer.

https://seekingalpha.com/news/3337349-devon-energy-sell-part-barnett-shale-assets-533m

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Quote:

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What all that means is that for the American (public) shale oil industry to pay off its 230 billion dollar indebtedness it must produce, starting tomorrow, at $60 oil prices, 8.9 billion more barrels of oil ! None of those barrels can be used to replace reserves, or pay shareholder dividends, none can be used to grow reserves or will help America get closer to the land of plenty the EIA promises; those are barrels needed just to get out of existing debt. Between now and then the interest to be paid on that $230B of long term debt is enough to choke a big horse.

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So, essentially everything the US shale oil industry has produced over the past decade, in two of the three largest shale basins in North America, its going to have to do again... 3.75 more times. It has to produce the equivalent of another two Eagle Ford's and one and a half more Bakkens...just to get out of debt.

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