Engineer. Energy. SMB. O&G. BTC.
Joined March 2009
- Tweets 19,344
- Following 1,108
- Followers 2,140
- Likes 16,731
2,071 Photos and videos
“But sentiment is not the same as supply”
-Claudio Galimberti
@RystadEnergy
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Jun 11
BREAKING: Jim Cramer says that SpaceX could soar to unsustainable levels after its debut
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🥱
Jun 11
. "We're hitting them hard"
↗️ ↘️
"A deal is close" 🔁 "A deal is close"
↖️ ↙️
"We're hitting them hard"
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RT @ericnuttall: Takeaways from spending a day with some of the smartest energy people on the planet:
🛢️ The risk of a US product export ba…
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Joel Dill retweeted
Jun 9
10M Barrels Off Market: "10 million barrels a day is still a huge number that's cut off from the market. We're absorbing it with oil on water, drawing down commercial inventories, and pulling from SPR inventories."
"We can do that for another month or two, but at some point the gears start to grind on each other. We're gonna hit tank bottoms or the effective tank bottoms."
"All of those different routes for crude export are buying you some time. It's just not clear to me how much time it's buying you."
"If we got to shut down a bunch of demand, that's a dramatically high price — $125, $150, I don't know what the number is — but it isn't $89, which is where we're sitting today."
•PEP CIO @pickeringenergy
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Joel Dill retweeted
Jun 10
The abundance illusion.
Carter admitted the scarcity. It was honest. It was politically fatal.
Every Administration since drew the obvious lesson: never admit to scarcity. Talk the price down. Release the reserves. Call it abundance and hope the problem resolves itself. It has worked for the past 50 years.
839 institutional investors. Record two-thirds expect oil prices to fall further. Even retail: oil ETF shorts exceed longs for the first time ever.
The template is working.
It has always worked. Until the buffer runs out.
SPR 415→349mb. Global stocks drawing 6mb/d.
That’s not supply responding to price. That’s inventory responding to price. And inventory, unlike production, has a floor.
You cannot destock your way to energy security.
See my latest note carlyle.com/carlyle-compass/…
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RT @ericnuttall: Of the ~36,000 well bores in the Middle East ~10,000 of them have been shut-in resulting in production down ~12MM Bbl/d. S…
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Joel Dill retweeted
Jun 6
“Fear is a reaction. Courage is a decision.”
— Winston Churchill
D-Day was 82 years ago today.
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This.
Jun 6
When Hurricane Rita caused everyone to evacuate Houston, I spent 17 hours on the road with my family. My wife was seven and a half months pregnant. My oldest was three and a half years old. Somehow we got to the Comfort Suites Inn in Burleson, Texas, and I got a speeding ticket 10 minutes before we got there. I fully expected the officer to say, "Hey, I know it was a rough day for y'all evacuating. I'm gonna give you a warning, but now I got a ticket."
When I got to the hotel, I couldn't sleep. Still pissed about the ticket. The Stallion management team had faxed me a bunch of information on an oil and gas deal. Quite frankly, I'd forgotten they were gonna send it to the hotel ( that's a generous description of the Comfort Suites Inn in Burleson, Texas). I crunched the numbers; it was the best deal I'd seen in forever. I called my business partner Mike, who had evacuated to Kansas, and said, "Dude, we gotta take a look at this deal; there's something wrong."
Anyway, we all rendezvoused 48 hours later in a conference room in Dallas. I was in flip-flops and a T-shirt. Mike, at least, had the class to go to the gift store and buy a nice shirt, and we met with management and spent six hours going through their deal. We wrote terms on a napkin, shook hands, and eight days later we wired them $32 million. We wound up making four times our money in 18 months. We still refer to this as the hurricane deal. @hartenergy named it deal of the year.
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Can't even make the headlines up anymore.
Could you imagine?
"Sorry I killed your dad recently, but he made me do it. Absolutely smoked him. Direct hit by the greatest military operation ever. I directed it personally. Ahh, killed your wife too huh? Very sorry to hear it. I'm sure she was a lovely lady...."
*awkward pause*
"How does a peace deal sound? I'll have Axios write it up right away."
get outta here with this stuff.
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clear my schedule.
we're cookin goose.
Jun 4
THIS IS ABSOLUTELY WILD 🤯
Jack Dorsey's new AI tool, Goose, is 100% FREE.
You type:
"Build me a website like YouTube."
And Goose gets to work on its own:
→ Creates the entire project
→ Writes all the code
→ Installs dependencies
→ Fixes errors automatically
→ Keeps going until it's working
The crazy part?
• No monthly subscription
• Runs on your own device
• Your code stays private
• Completely open-source
Just a few years ago, building software meant hiring developers or learning to code.
Now you can start with nothing but an idea.
We're entering a world where ideas are becoming more valuable than technical skills.
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