'I Feel Duped on Climate Change'

Oh, I dare! (Seinfeld voice)

 

Yep, let's berate a teenager who bothered to study science. Well done folks!

 

She is controlled by her useless father.

 

That's curious...I heard the same thing said about your children.

 

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What science has she studied? Should we put teenagers in charge of science policy?

 

Smells like a retired user has re-registered under a different name and email
I get it that we are compelling, but isn't it at least a little embarrassing?

 

Under a different email? My email address is my full name at gmail.com and has been for almost 20 years. Maybe I registered my work email I guess but that hasn't changed in a long time too. Anyway, this Gretchen young lady is passionate and smart. I don't understand how she became the target of ignorant vitriol. Her planet is sick and she's worried about it.

 

She may be smart but she has been gravely mislead. The planet is doing great, especially where capitalism has built enough wealth through the use of fossil fuels, for the purpose of making industry less polluting. We have outstanding air and water quality in the US where the government hasn't been negligent, like in Flint, MI.

 

It's pretty easy to understand.

 

I have environmental experience, I get your joke. Incinerate a listed waste! Yea right. I use the sludge exemption for my T.O.

 

If she is so smart, why does she only target the west, who are not the problem? I don't see her lecturing China or India.

Oh, I guess, she is smart - she's only hectoring the ones who might actually pay attention to her and not kill her instead.

 

PE
bet you won't get an answer

edit to add
so far crickets from lobo

 

FIFY

 

Well we know he is viewing this thread while trying desperately to come up with an explanation of why the oh so smart concerned Greta will not criticize the 2 worst nations.

 

We know when you say "Greta" you mean "Greta's fleabitten, worthless dad who has no problem sacrificing his daughter on the altar of PC leftist virtue signalling".

 

Greta apparently can’t read a graph showing emissions by US/Europe vs rest of world.

 

I wonder if the poster so in love with her has seen the graph?

 

I don't the Longest Lobo joke?

Anyway, yes obviously the 94 million barrels we use everyday have a huge portion of those used in India and China and other nations that can't Tesla their way out of fossil fuel usage. I suspect she doesn't really address those nations because she is not educated on how much they're going to be using as they grow, or she knows nobody will listen to her about it, or yeah---she hasn't exactly been warmly welcomed to join the Mumbai public speaking circuit.

That's for the education on hydrocarbons guys. For instance, I know that the Railroad Commission doesn't plan train schedules thanks to this thread.

I don't work in the oil industry every week. Oh wait, yeah I do. You can maximize hydrocarbons usage and still admire this young lady for what she's doing. She has a lot more admirers in our field than I think some of you realize.

 

I was going to respond but I didn't even understand the first sentence
"Anyway, yes obviously the 94 million barrels we use everyday have a huge portion of those used in India and China and other nations that can't Tesla their way out of fossil fuel usage. "?

 

the world uses ~94mm boe/d. A growing chunk of that is used by India and China.

Many elitist anti-hydrocarbon Americans see the Prius and Tesla lined up to pick up the kids at lacrosse or dance practice and wonder why the rest of the world can't get to a lower carbon footprint. Nevermind what we know they're using for industry, shipping, etc. Obviously the car thing is somewhat anecdotal, but the anti-SUV narrative is used exhaustively (pun intended) to slam the oil business, that it's also fair to point out that much of the world can't afford most electric/hybrid cars. Nevermind what their industrial usage is doing.

So yeah, it was a clunky written sentence (no pun this time). "We can't Tesla our way out of this." It means the prosperity in the West, brought about in part, by the hydrocarbon business can provide some elitist folks a car with lower carbon footprint (and if you want to have fun, show a Sanders supporter how much of the inside of a hybrid car is still made from petrochemicals). But most of the world can't afford an even slightly more fuel-efficient crossover SUV, let alone overhauling their manufacturing and transportation-at-large systems and platforms.

The U.S. is still leading the way. Gretchen is still a promising young leader in my book. And I look forward to being educated on the O&G industry by hornfans.

 

Gretchen wants to go full commie to reduce emissions on the West while doing nothing for India and China. That equals all pain for the US and no impact on the weather. Hard pass. Finally, she opposes nuclear power, so I question her intellect.

 

I think that's an oversimplification, but I share your reservations with her willful obfuscation of what other nations are doing in this current eco-political climate. she's just a strange target when half the elected officials share her stance, and have the money and votes to implement it.

Most people in the oil business can point out Gretchen in a lineup and say 5 things they don't like about her, yet couldn't name one democrat sitting on the House Energy-Commerce Committee---HINT, AOC ain't one of 'em.

Anyway, this is pointless. I just don't get the negativity for her, y'all do. So we'll agree to disagree. I gotta bigger fish to fry, people that actually matter in the battle. She never comes up at any of our board meetings, probably for a reason.

 

Lobo,
What is your job title and what segment of O&G do you work in?
I’m a business owner and I contract in Terminals, Refineries, Gas Plants. Sometimes I work with the Marine Industry a little. Just wondering.

 

Job title is 'Mercenary.' I deal with operators to make sure they're running smoothly and prefs/hurdles are hit. First deal was 2012, newest one is a rather substantial endowment puts 9 digits with 2 new operators in the Panhandle and West Texas. I'm there to make sure nobody fucks up as we're about to go buy (on behalf of this endowment and some co-invest I got) some lower-priced production. Right now, during Covid, a federally chartered bank we own out is using some cooperative relationships we have with other regional banks to further put a credit crunch on some of this so we can drive capital stack into even more attractive territory.

To answer your polite question, I do not have one title with one large O&G company. I wish I did the last few years, but my role in the space is large institutional investors go out on shopping sprees when acquisition terms make sense (not necessarily commodity prices. Keep in mind, these guys sell out of 9-figure positions in global equities and need to park some of it in real assets/alts/etc.). They're gonna compress and crunch all they can and still take oil out of the ground. There's a whole other gas play in there that I don't have my arms completely around yet. They need access to some co-invest dollars, help on operating group logistics, and I do petty **** like connect them with RRC, service company contracts, banks, etc. Large 9 & 10 digit funds have a handful of folks like me out there running down every problem and squeezing every bit of operational efficiency.

I have no scientific or engineering expertise beyond 2 things
-Know enough to help make money for all involved
-Use "science" to figure out what operators are lying and using our money for self-serving purposes. We put one guy into bankruptcy and jail a few years ago. Are going through that with one other guy right now that's been going on for about two years. Don't buy your Hummer in your daughter's name and then pay for title/inspection/etc. out of the company G&A. It was such a small amount, how could anyone notice? Because your dumbass left the receipt in your car when you took us to lunch. Now he's under SEC investigation and probably won't be able to work for an oil company for the rest of his life. Fun **** like that.

Anyway, happy to share details with you off-line. But to review, I have no impressive title or station with any impressive oil company. But you'd know our work and you'd sure as hell know the new group that is bringing me on. Maybe I can go with 'Mercenary Consultant' to emphasize how worthless we are but that I can bring about demise and/or prosperity faster.

 

Damn, scary stuff. You need to meet my brother. I shy away from m&a money and venture capitalists as well. I can do very well at lower gross revenue without all that ****. Already had one “Angel Investor” try to take me out!

Anyway, I drive a big Silverado Z71 and I laugh at those small cars with batteries taking up the back 1/4 of the car. In HS traffic I just start changing lanes and say I’m comin, move! Kinda like Earl Campbell.

 

I drive a Navigator. We are doing our part to quickly rid the planet of fossil fuels. The oil haters ought to appreciate us.

 

I would also be terrified of Venture Capitalists and Angel Investors, your terms...not mine. I think I said multiple times in my post these were endowments and institutional investors and banks to fill up a 9-digit equity stack/10-digit capital stack. Maybe we're using different terminology, but 9-digit endowments alongside a group like BP or Anadarko isn't really considered Venture Capital or an Angel Investment. I'm sure there's VC money somewhere in the O&G space, certainly on the tech/disruption side, but I have no idea about any of that **** and barely come across any of it. What I was describing is large, institutional money that is going on shopping sprees right now. I don't know that there's any way to construe that as venture capital money when it takes down massive chunks of equity in mid-to-late stage operators. But then, as I said, I don't really know anything about the "angel investment" space in operators/PDP. I don't know how you take a $100k angel flyer on PDP but I guess it's possible.

 

I’m so far down the Totem pole compared to 9 or 10 digit deals capital or equity, that’s the difference. I’m in the 7 digit area that’s VC, Angel Investor territory. But I’m probably not attractive to them either right now. I am growing and I won’t lay-off my employees or myself so there’s that. Feel like I can still grow if they’ll let us get back to work soon.