Regulators are captured by private interests, don’t expect them to put public interests first.

The Permian’s produced water is too expensive to clean. So long as industry has other options, they won’t do it at scale.

I’ve always seen LNG as a gap fuel until piped gas or nuclear is added. The question is how long will the gap last. Europe is going repair the Nordstreams in record time when the Ukraine war ends.

75 cents per barrel of water on average. Smaller cos might pay double if they truck their water to a disposal well. Multiply that by 5-10 depending on how much water their well makes for each barrel of oil. I made a webinar on YouTube = the Permian’s watershed moment

BTW…the water production is 21 MMBPD much higher than the 15 he quoted.

pubs.geoscienceworld.org/aapg/aapgbul...

Too many state regulators are captured.

Looks like she worked on something in 2017 but no idea how it was resolved. The real issue is poor government oversight & regulatory controls. They don’t want to tighten them because they loose oil revenue & jobs.

5 years ago the OG industry knew that shale was reaching a peak and that they would need to look offshore…that’s happening.

5 years from now you’ll want to own fossil fuel companies. The shale insanity will have exhausted itself. There is simply too much demand for fossil fuel products and energy density to switch it off or meaningfully reduce it w/ current alternatives.

This is why it doesn’t get the attention you desire. Solar + batteries are vastly less efficient. Here are the equivalencies to natural gas=

Weak economy. They had already invested in EVs so likely parked the ICE vehicles until growth resumes…at which time the reactivated vehicles boost demand.

The fall is seasonal, the trends are obvious.