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Despite West Texas intermediate crude oil futures dipping below $100 per barrel on Tuesday, serious gas price relief may be unlikely happen until motorists make adjustments by driving less.⁠

“I think the only thing that’s going to make a dent in gasoline or jet fuel prices is demand destruction,” Vectis Energy Partners principal Tamar Essner said on Yahoo Finance Live after being asked when gas prices may drop below $4 a gallon (video above). “So we have to push higher until we get to that point.”⁠

Consumers are beginning to see some pressure taken off their wallets when making their stop at the local gas pump, with the average price of regular unleaded gasoline dropping for the third straight week last week, but prices remain exorbitant as drivers haven’t pulled back aggressively on travel.⁠

The current average price of regular gasoline in the U.S. is $4.77 a gallon, according to Gas Buddy data, down from an all-time high of $5.03 a gallon on June 16. GasBuddy estimates that gas prices dropped more than 10 cents.⁠

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Restaurant review of the Dutch Plate

 This cozy restaurant has left the best impressions! Hospitable hosts, delicious dishes, beautiful presentation, wide list of wonderful desserts. I recommend to everyone! I would like to come back here again and again.

2. First time in Dutch Plate and YOU have to go! It’s the cutest little spot with amazing food. The veggie omelet is to die for. IT WAS FIRE!! The service we received was so amazing and we will definitely be back again. They made us feel welcomed and gave us an amazing experience.

3. It’s a great experience. The ambiance is very welcoming and charming. Amazing coffee, food and service. Staff are extremely knowledgeable and make great recommendations.

4. This place is great! Atmosphere is chill and cool but the staff is also really friendly. They know what they’re doing and what they’re talking about, and you can tell making the customers happy is their main priority. Food is pretty good, some Dutch classics and some twists, and for their prices it’s 100% worth it.

5. Do yourself a favor and visit this lovely restaurant in Campobello South Carolina. The service is unmatched. The staff truly cares about your experience. The food is absolutely amazing – everything we tasted melted in other mouths. Absolutely the best meal we had while in Campobello South Carolina. Highly recommend.

About Friday night Frackdown get the lowdown on the oilfield industry!

About Friday night Frackdown get the lowdown on the oilfield industry!

May 1, 2015 • 45 min

Tune into to Friday Night FRACKdown 11 PM EST/ 8 PM PST to join the discussion with the Oilfield Business Network (Technology Advisory Group) This series of discussions provides oil and gas … experts and product information necessary to making educated business decisions.  We also discuss the good the bad and the ugly of the oil and natural gas industry.  Your going to get access to the some of the most valuable inside information available in the oil and natural gas industry as well as analysis of Independent Statistics, infrastructure and learn about who is behind cover-ups of the oil and natural gas industry in disasters such as the BP oil-spill and radioactive waste-water from fracking. Your going to learn solutions and what we can done about it. Join us to discuss cutting edge information, and get the latest oil and natural gas industry News.

U.S. Shale Swings From Losses To Record Cash Flows | OilPrice.com

After years of plowing money into boosting production and thus depressing oil prices, the U.S. shale patch emerged from the pandemic-inflicted slump with unwavering capital discipline which, combined with $100+ oil, is paying off with record cash flows for American oil producers. The largest shale producers have left years of bleeding cash behind, focusing on returning capital to shareholders from the record cash flows they have been generating for several months now. As they report first-quarter figures these days, public companies vow continued disciplined spending and only modest production growth as “drill, baby, drill” is no longer shale’s primary goal. 

Investors, in turn, are rewarding the discipline—most of the 20 top-returning firms in the S&P 500 year to date are oil companies, including Occidental, Coterra Energy, Valero, Marathon Oil, APA, Halliburton, Devon Energy, Hess Corporation, Marathon Petroleum, ExxonMobil, ConocoPhillips, Chevron, Schlumberger, EOG Resources, and Pioneer Natural Resources. 

As a result of the highest oil prices since 2014 and capex discipline, the shale patch is on track for massive free cash flows of a combined $172 billion in 2022 alone, per Deloitte estimates cited by Bloomberg. By 2020, the shale industry had booked $300 billion in net negative cash flow in the 15 years since the first shale boom, Deloitte estimated back then.

Unlike in the previous upcycles, U.S. producers are now directing a large part of the record cash flows to boost shareholder returns with higher dividends, special dividends, and share buybacks. 

U.S. producers do not plan to abandon the newly-found capital discipline and will grow production only modestly, the top executives at most public shale producers said during the Q1 earnings calls this week. Many firms acknowledged the supply chain, inflationary, and labor constraints that could result in slower American oil production growth than the increase the EIA and analysts expect. Producers are also wary of the Biden Administration’s calls for only a short-term ramp-up in production amid otherwise negative comments on the oil industry, which undermines the firms’ visibility and willingness to plan higher investments in the medium term.  

“To say bluntly, the administration’s comments are certainly causing a lot of uncertainty in the market, both in the terms of regulatory taxation, legislation, and negative rhetoric toward our industry. And that creates uncertainty in our owners’, our shareholders’ minds about what the future of this industry really is,” Diamondback Energy’s CEO Travis Stice said on the earnings call this week. 

Diamondback Energy will keep its current oil production levels of 220,000 net barrels of oil per day, Stice said.

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“While we believe that efficiently growing our production base is achievable over the long term, we do not feel that today

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https://oilprice.com/Energy/Energy-General/US-Shale-Swings-From-Losses-To-Record-Cash-Flows.html

$US 35M OILFIELD MANUFACTURING FACILITY COMING TO ENMORE E.C.D TO GENERATE 500 JOBS — HGP TV – Nightly News, Guyana

An estimated five hundred jobs will be created at Enmore on the East Coast of Demerara in the coming years through a thirty five million US dollars investment Joint venture between Guysons Engineering and K&B industries. Already, the company has acquired fifty-five acresof land from the Government which will be used to house the massive […]

$US 35M OILFIELD MANUFACTURING FACILITY COMING TO ENMORE E.C.D TO GENERATE 500 JOBS — HGP TV – Nightly News, Guyana

Six new UK oil and gas fields to be fired up as Sunak takes action — Tallbloke’s Talkshop

Dismay for renewable energy fanatics, but common sense from the perspective that about 80% of total UK energy use is from fuel burning. Increasing the reliance on imports while ignoring available energy at home would be expensive and pointless. – – – Six North Sea oil and gas fields are set to be given the […]

Six new UK oil and gas fields to be fired up as Sunak takes action — Tallbloke’s Talkshop

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US quietly backtracks on Russian oil ban

© Getty Images/Stephen SwintekRussian oil tanker The US has been vocal about restricting Russian oil imports, but sources say an actual ban is unlikely as it would further propel gasoline prices, which are already record high. On March 8, President Joe Biden announced his administration was banning Russian oil, natural […] The post US quietly…

US quietly backtracks on Russian oil ban

Cyber attacks hit German oil companies and European oil port terminals.

>Cyber attacks hit German oil companies and European oil port terminals.It has been revealed that port facilities in Germany, the Netherlands and Belgium have been the target of a large-scale cyber attack, mainly targeting oil terminals. Many tankers were prevented from delivering energy supplies, and German judicial authorities have already launched investigations on suspicion of extorting oil operators.According to S&P Global Platts, a total of 17 terminals have been affected so far. Belgian authorities are currently investigating the disruptions caused by the cyberattacks at the ports of Ghent and Antwerp-Zeebrugge.An official told AFP, “The software of several port terminals has been hacked and they cannot process barges, basically the operating system is downThe attacks come just as the U.S. and its European allies are preparing sanctions against Russia should it invade Ukraine. Germany is also suffering an energy crisis as the country shuts down its nuclear and fossil fuel power plants in favor of renewablesCritical infrastructure increasingly targeted by hackersThe full extent of the cyberattacks is not yet known, but the incident highlights the increasing risks to the world’s most critical infrastructureThe attacks come just as the U.S. and its European allies are preparing sanctions against Russia should it invade Ukraine. Germany is also suffering an energy crisis as the country shuts down its nuclear and fossil fuel power plants in favor of renewables ____@ #qthestormrider777/4742https://t.me/SpecialQForces/11667in@SpecialQForces

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