Big Oil…A Subsidiary of Banksters?

Millions of barrels of untapped oil that U.S. shale drillers
discovered during the boom years are about to disappear from their
inventories.

Six years ago, the industry pushed the Securities and Exchange
Commission to make it easier for companies to claim proved reserves for
wells that wouldn’t be drilled for years. Some prospects considered
sure-things when crude was $95 a barrel are money losers at today’s $60.
When crude crashed in 2008, 44 U.S. companies wiped 630 million barrels
from their books.

**Now the stakes are higher. Of all the proved reserves of oil and
natural gas liquids found by the 44 companies since 2008, more than half
-- 5.4 billion barrels out of the 9.7 billion -- is attributed to wells
that don’t exist yet, according to data compiled by Bloomberg.**

“We’re going to see a lot of proved undeveloped reserves get vaporized,�
said Ed Hirs, a managing director at Houston-based Hillhouse Resources
LLC, an independent energy company, who also teaches energy economics at
the University of Houston. “It could easily be 10 or 20 years before
some of these wells get drilled if prices stay at these levels.�

The shale boom has pushed U.S. oil production to the highest in more
than 40 years and slashed the country’s reliance on imported fuel. The
untapped resources are viewed by investors and lenders as a sign of a
company’s growth potential, and helped the industry attract more than
$230 billion in bonds, loans and share sales since the end of 2008.

While undrilled prospects have always been part of oil companies’
inventories, they’ve become a much larger share since the SEC changed
the rules. Undeveloped properties account for 43 percent of proved
reserves for the 44 companies, the data show, up from 26 percent at the
end of 2008.

The SEC limits proved reserves to those resources that companies are
reasonably certain can be profitably extracted with existing technology.
The estimates are based on prices, geology, engineering and the
historical performance of similar wells.

Fracking pioneers such as Devon Energy Corp. and Chesapeake Energy
Corp., both based in Oklahoma City, were among the oil and natural gas
producers that lobbied to make it easier to book undeveloped reserves.
Before the rule changed, untapped wells typically needed to be close to
a producing property.

Much more at:

http://tinyurl.com/mnwotpj

Perhaps the oil companies can bundle up these vaporous unproved reserves
and coventure a junk oil sales effort with the banksters!

On Fri, 22 May 2015 06:13:59 -0400, Keyser Söze
wrote:

Perhaps the oil companies can bundle up these vaporous unproved reserves
and coventure a junk oil sales effort with the banksters!

===

If you really want to hurt bankers you should borrow money from them
and *forget* to repay it.

Oh wait, you've already done that a couple of times. No wonder you
need a 357 for personal protection.

On 5/22/2015 7:10 AM, Wayne.B wrote:
On Fri, 22 May 2015 06:13:59 -0400, Keyser Söze
wrote:

Perhaps the oil companies can bundle up these vaporous unproved reserves
and coventure a junk oil sales effort with the banksters!

===

If you really want to hurt bankers you should borrow money from them
and *forget* to repay it.

Oh wait, you've already done that a couple of times. No wonder you
need a 357 for personal protection.


He's gonna break another wrist shooting that thing, if he's not careful
with it. Remember that minor skirmish he got into with that little
skinny guy who was having a heated discussion with his lady friend? Well
it turns out that, not only did Krause receive a broken wrist, he also
ended up with two displaced teeth. Will he ever learn to tend to his own
business.

--

Respectfully submitted by Justan

Laugh of the day from Krause

"I'm not to blame anymore for the atmosphere in here.
I've been "born again" as a nice guy."

On Fri, 22 May 2015 08:48:58 -0400, Justan Olphart wrote:

On 5/22/2015 7:10 AM, Wayne.B wrote:
On Fri, 22 May 2015 06:13:59 -0400, Keyser Söze
wrote:

Perhaps the oil companies can bundle up these vaporous unproved reserves
and coventure a junk oil sales effort with the banksters!

===

If you really want to hurt bankers you should borrow money from them
and *forget* to repay it.

Oh wait, you've already done that a couple of times. No wonder you
need a 357 for personal protection.


He's gonna break another wrist shooting that thing, if he's not careful
with it. Remember that minor skirmish he got into with that little
skinny guy who was having a heated discussion with his lady friend? Well
it turns out that, not only did Krause receive a broken wrist, he also
ended up with two displaced teeth. Will he ever learn to tend to his own
business.

No.
--

Guns don't cause problems.
Gun owner behavior causes problems.

On 5/23/15 11:14 AM, John H. wrote:
On Fri, 22 May 2015 08:48:58 -0400, Justan Olphart wrote:

On 5/22/2015 7:10 AM, Wayne.B wrote:
On Fri, 22 May 2015 06:13:59 -0400, Keyser Söze
wrote:

Perhaps the oil companies can bundle up these vaporous unproved reserves
and coventure a junk oil sales effort with the banksters!

===

If you really want to hurt bankers you should borrow money from them
and *forget* to repay it.

Oh wait, you've already done that a couple of times. No wonder you
need a 357 for personal protection.


He's gonna break another wrist shooting that thing, if he's not careful
with it. Remember that minor skirmish he got into with that little
skinny guy who was having a heated discussion with his lady friend? Well
it turns out that, not only did Krause receive a broken wrist, he also
ended up with two displaced teeth. Will he ever learn to tend to his own
business.

No.



Too bad, Johnny, you are facilitating FlaJim, the rec.boats chair of
Assholes Anonymous.

On 5/23/2015 11:35 AM, Keyser Söze wrote:
On 5/23/15 11:14 AM, John H. wrote:
On Fri, 22 May 2015 08:48:58 -0400, Justan Olphart
wrote:

On 5/22/2015 7:10 AM, Wayne.B wrote:
On Fri, 22 May 2015 06:13:59 -0400, Keyser Söze
wrote:

Perhaps the oil companies can bundle up these vaporous unproved
reserves
and coventure a junk oil sales effort with the banksters!

===

If you really want to hurt bankers you should borrow money from them
and *forget* to repay it.

Oh wait, you've already done that a couple of times. No wonder you
need a 357 for personal protection.


He's gonna break another wrist shooting that thing, if he's not careful
with it. Remember that minor skirmish he got into with that little
skinny guy who was having a heated discussion with his lady friend? Well
it turns out that, not only did Krause receive a broken wrist, he also
ended up with two displaced teeth. Will he ever learn to tend to his own
business.

No.



Too bad, Johnny, you are facilitating FlaJim, the rec.boats chair of
Assholes Anonymous.

I think that was his intention. Too bad asshole. ;-)

--

Respectfully submitted by Justan

Laugh of the day from Krause

"I'm not to blame anymore for the atmosphere in here.
I've been "born again" as a nice guy."

On Sat, 23 May 2015 11:35:10 -0400, Keyser Söze wrote:

On 5/23/15 11:14 AM, John H. wrote:
On Fri, 22 May 2015 08:48:58 -0400, Justan Olphart wrote:

On 5/22/2015 7:10 AM, Wayne.B wrote:
On Fri, 22 May 2015 06:13:59 -0400, Keyser Söze
wrote:

Perhaps the oil companies can bundle up these vaporous unproved reserves
and coventure a junk oil sales effort with the banksters!

===

If you really want to hurt bankers you should borrow money from them
and *forget* to repay it.

Oh wait, you've already done that a couple of times. No wonder you
need a 357 for personal protection.


He's gonna break another wrist shooting that thing, if he's not careful
with it. Remember that minor skirmish he got into with that little
skinny guy who was having a heated discussion with his lady friend? Well
it turns out that, not only did Krause receive a broken wrist, he also
ended up with two displaced teeth. Will he ever learn to tend to his own
business.

No.



Too bad, Johnny, you are facilitating FlaJim, the rec.boats chair of
Assholes Anonymous.

I simply gave him an honest answer to an honest question.
--

Guns don't cause problems.
Gun owner behavior causes problems.

On 5/23/2015 2:36 PM, John H. wrote:
On Sat, 23 May 2015 11:35:10 -0400, Keyser Söze wrote:

On 5/23/15 11:14 AM, John H. wrote:
On Fri, 22 May 2015 08:48:58 -0400, Justan Olphart wrote:

On 5/22/2015 7:10 AM, Wayne.B wrote:
On Fri, 22 May 2015 06:13:59 -0400, Keyser Söze
wrote:

Perhaps the oil companies can bundle up these vaporous unproved reserves
and coventure a junk oil sales effort with the banksters!

===

If you really want to hurt bankers you should borrow money from them
and *forget* to repay it.

Oh wait, you've already done that a couple of times. No wonder you
need a 357 for personal protection.


He's gonna break another wrist shooting that thing, if he's not careful
with it. Remember that minor skirmish he got into with that little
skinny guy who was having a heated discussion with his lady friend? Well
it turns out that, not only did Krause receive a broken wrist, he also
ended up with two displaced teeth. Will he ever learn to tend to his own
business.

No.



Too bad, Johnny, you are facilitating FlaJim, the rec.boats chair of
Assholes Anonymous.

I simply gave him an honest answer to an honest question.


And that's all a fella could expect. Thank you John.

--

Respectfully submitted by Justan

Laugh of the day from Krause

"I'm not to blame anymore for the atmosphere in here.
I've been "born again" as a nice guy."

On Sat, 23 May 2015 11:35:10 -0400, Keyser Söze wrote:

On 5/23/15 11:14 AM, John H. wrote:
On Fri, 22 May 2015 08:48:58 -0400, Justan Olphart wrote:

On 5/22/2015 7:10 AM, Wayne.B wrote:
On Fri, 22 May 2015 06:13:59 -0400, Keyser Söze
wrote:

Perhaps the oil companies can bundle up these vaporous unproved reserves
and coventure a junk oil sales effort with the banksters!

===

If you really want to hurt bankers you should borrow money from them
and *forget* to repay it.

Oh wait, you've already done that a couple of times. No wonder you
need a 357 for personal protection.


He's gonna break another wrist shooting that thing, if he's not careful
with it. Remember that minor skirmish he got into with that little
skinny guy who was having a heated discussion with his lady friend? Well
it turns out that, not only did Krause receive a broken wrist, he also
ended up with two displaced teeth. Will he ever learn to tend to his own
business.

No.



Too bad, Johnny, you are facilitating FlaJim, the rec.boats chair of
Assholes Anonymous.

Crap Harry. You are facilitating yourself. We won't go into your spot on rec.boats,
but it's south of dog ****.
--

Guns don't cause problems.
Gun owner behavior causes problems.

On 5/23/15 6:04 PM, John H. wrote:
On Sat, 23 May 2015 11:35:10 -0400, Keyser Söze wrote:

On 5/23/15 11:14 AM, John H. wrote:
On Fri, 22 May 2015 08:48:58 -0400, Justan Olphart wrote:

On 5/22/2015 7:10 AM, Wayne.B wrote:
On Fri, 22 May 2015 06:13:59 -0400, Keyser Söze
wrote:

Perhaps the oil companies can bundle up these vaporous unproved reserves
and coventure a junk oil sales effort with the banksters!

===

If you really want to hurt bankers you should borrow money from them
and *forget* to repay it.

Oh wait, you've already done that a couple of times. No wonder you
need a 357 for personal protection.


He's gonna break another wrist shooting that thing, if he's not careful
with it. Remember that minor skirmish he got into with that little
skinny guy who was having a heated discussion with his lady friend? Well
it turns out that, not only did Krause receive a broken wrist, he also
ended up with two displaced teeth. Will he ever learn to tend to his own
business.

No.



Too bad, Johnny, you are facilitating FlaJim, the rec.boats chair of
Assholes Anonymous.

Crap Harry. You are facilitating yourself. We won't go into your spot on rec.boats,
but it's south of dog ****.


My spot is just outside the pull of the event horizon, watching you
righties **** on everyone and everything that doesn't agree with your
right-wing racist view of the world.