What You Need To Know In Oil And Gas Today – 2.2.2017

Public domain Houston ship channel
Public domain Houston ship channel

Here are the Top Dozen Oil & Gas stories for February 2, 2017, taken directly from the @GDBlackmon Twitter Feed (that’s me):

For decades, proponents of the cult-like “Peak Oil” theory focused on oil supply, claiming that the world’s ability to produce crude would “peak” soon – always, it was just around the corner – and that countries would have to find alternative fuel sources to take its place.  With the realization a few years ago that shale formations around the world contain literally hundreds of years of oil supply, this quasi-religion fell mostly quiet and began to die away.  But the most loyal adherents to its dogma have begun concocting a new theory to take its place, one of “Peak Demand”, rather than supply.  It’s also a steaming pile of horse manure, but gullible fake news sites are falling for it nonetheless.  Here’s a good example from CNBC this morning.: #Oil and coal demand could peak by 2020: Study http://cnb.cx/2kjN1Jj

Justice finally prevails.  This pipeline should have already been completed, and would have if the previous President had a shred of respect for the rule of law.: Army Corps Gives Dakota Pipeline Go-Ahead To Complete Project http://dailycaller.com/2017/02/01/army-corps-gives-dakota-pipeline-go-ahead-to-complete-project/ via @dailycaller

Trump Derangement Syndrome makes its way out to the great Northwest.: Seattle could pull billions out of Wells Fargo over #DAPL investment http://www.seattletimes.com/seattle-news/divest-from-dakota-access-pipeline-city-funds-targeted/?utm_source=twitter&utm_medium=social&utm_campaign=article_left_1.1 via @seattletimes

This “INSIGHT”, as Reuters calls it, has been happening for over two years now. : INSIGHT-As oil recovers, U.S. firms descend on the Permian Basin in West Texas http://reut.rs/2jTyseg via @Reuters

Cool.: Railroad Commission moves to cut regulations on oil, gas firms http://www.houstonchronicle.com/business/article/Railroad-Commission-moves-to-cut-regulations-on-10898117.php?cmpid=twitter-premium via @HoustonChron

This would be yuuuuuuuge.: Endeavor, giant of West Texas oil industry, mulls public offering http://reut.rs/2jwWKyO via @ReutersUK

That’s all you can be at this point.: Anadarko CEO: Optimistic, but still cautious in first half of 2017 http://fuelfix.com/blog/2017/02/01/anadarko-ceo-optimistic-but-still-cautious-in-first-half-of-2017/

Wait, what?: Saudi #oil minister says Trump’s #energy policy is good for the oil industry https://www.wsj.com/articles/saudi-oil-minister-says-trump-energy-policy-good-for-oil-industry-1485944237 via @WSJ

That’s a big bet.: BlackRock goes $3.7 billion deeper into pipelines and power https://www.wsj.com/articles/blackrock-goes-3-7-billion-deeper-into-pipelines-and-power-1485943380 via @WSJ

Some good advice here.: Memo to President Trump: How to talk with Russia about oil http://www.houstonchronicle.com/local/gray-matters/article/Memo-to-Trump-How-to-talk-with-Russia-about-oil-10888556.php?cmpid=twitter-premium via @HoustonChron

Great. Time for the Senate to get moving.: House votes to strike down two Obama-era rules http://thehill.com/policy/energy-environment/317421-house-votes-to-strike-down-two-obama-era-rules#.WJMmShoqUTo.twitter

You go, Congressman.: Rep. Lamar Smith, emboldened in a new Washington, seeks to reshape EPA http://www.mystatesman.com/news/rep-lamar-smith-emboldened-new-washington-seeks-reshape-epa/usTp2sAyhgSPHuWY8IFJiN/

 

That’s all for today.  Come back tomorrow for another dozen Things You Need To Know In Oil And Gas.

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