Latest Breaking News

littlemissmartypants

(31,698 posts)

32. So...

Mon Jan 12, 2026, 11:50 AM

14 hrs ago

If I'm correctly interpreting the graph, 90 looks like the high for 50% of those reporting and around 80 for the other half. But this addresses drilling new wells. I looked at the site. Numbers seem to be hovering between 90-100 USD.

The downturn is noticeable throughout. The oil companies cannot be too happy about that. President Psychopath dicking around in anything is a recipe for disaster. If they gave him that billion then he's fixed them "good fashion" as granny used to say.

I'm so tired of waking up every morning and saying to myself (and the dog) "I wonder what the president of the United States has fucked up today, so far?"

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

44 replies

= new reply since forum marked as read

Highlight:

Trump 'inclined' to keep Exxon out of Venezuela after CEO calls it 'uninvestable' [View all] BumRushDaShow 20 hrs ago OP

Until he goes after Exxon's short term profits, they won't care Raven123 20 hrs ago #1

Exxon Mobil's making a sensible call Vogon_Glory 19 hrs ago #2

In my opinion, they see trump lining up with the regime responsible for destroying Venezuela. Escurumbele 17 hrs ago #17

Yeah, right. He'll take investments wherever he can get them. Even Exxon. MLWR 19 hrs ago #3

"Watch what happens when you don't kiss my ass." KS Toronado 19 hrs ago #4

Exxon has more money than Trump lonely bird 18 hrs ago #5

Let me guess which presidential candidate the Exxon CEO Dr. T 18 hrs ago #6

Remember this? BumRushDaShow 18 hrs ago #10

They don't want it. So he's threatening to block them from something they don't want IronLionZion 18 hrs ago #7

That's what I was thinking. "You want to invest in this company!" Ray Bruns 18 hrs ago #8

But then there will be the "rest of the story..." BumRushDaShow 17 hrs ago #15

Ahhhh! Some good old fashioned extortion. Ray Bruns 16 hrs ago #25

"Transactional" as is often mentioned BumRushDaShow 16 hrs ago #27

"Oh please don't throw us into that briar patch!" 🤭 tanyev 18 hrs ago #13

This message was self-deleted by its author Old Crank 18 hrs ago #9

I never thought in a million years... LisaM 18 hrs ago #11

Break even for new wells in Texas $62 Old Crank 18 hrs ago #12

You can lead an oil company to oil but you can't make them drill. twodogsbarking 17 hrs ago #14

Trump is a lame-duck president. All his policies could be reversed with a Democratic president elected in 2028. Lonestarblue 17 hrs ago #16

The other oil companies probably feel likewise. JohnnyRingo 17 hrs ago #18

"But they're playing it out just in case sane people intercede and make it a moot issue." BumRushDaShow 17 hrs ago #19

Sir, redirect your thoughts to the disaster that is this country! Hope22 17 hrs ago #20

I remember reading once a while back that the oil companies had agreed that the per barrel price... littlemissmartypants 17 hrs ago #21

The Dallas Federal Reserve does an annual survey to the oil producers asking about what their "breakeven" price is BumRushDaShow 16 hrs ago #28

So... littlemissmartypants 14 hrs ago #32

The next report won't happen until this March BumRushDaShow 12 hrs ago #35

It will be interesting to see that March report. ❤️ littlemissmartypants 9 hrs ago #40

Venezuelan oil needs a very certain type of refinery and Exxon doesn't have those refineries.... Botany 17 hrs ago #22

Orange Julius buddy does though, 3 of em Strelnikov_ 10 hrs ago #38

You mean the refineries on the Gulf Coast that are already set up for Venezuelan oil? Botany 9 hrs ago #41

Per Paul Krugman a week or so ago Strelnikov_ 7 hrs ago #42

The Republican/Rich shits along with various corps, thugs, crypto scammers, and ? have taken corruption to ... Botany 6 hrs ago #43

Much bigger than Teapot Dome Strelnikov_ 5 hrs ago #44

He is trying to get them to pay him some way JI7 17 hrs ago #23

Is this the nwduke 16 hrs ago #24

Exactly! oasis 16 hrs ago #26

I need a tee shirt that reads ..... 70sEraVet 15 hrs ago #29

Great protest sign, 70sEraVet. There are shops on Etsy that can do that shirt for you. ❤️ littlemissmartypants 14 hrs ago #33

I'm near Houston and this is what I'm hearing - TBF 14 hrs ago #30

The numbers I just looked at, that BRDS shared, support that notion. littlemissmartypants 14 hrs ago #34

Oil is already barely at break even prices NickB79 9 hrs ago #39

trump's feelings were hurt LetMyPeopleVote 14 hrs ago #31

Rex Tillerson looked at trump in the first term tonekat 11 hrs ago #36

I couldn't remember his name BumRushDaShow 10 hrs ago #37