Oil News - Oil Investments - By Sean Pruitt Pres. of Kingdom Exploration LLC
Sean Pruitt
- 17
- Episodes
- 2022
- First episode
About Oil News - Oil Investments - By Sean Pruitt Pres. of Kingdom Exploration LLC
Oil and Gas News Channel
- Publisher
- Sean Pruitt
- Category
- business · education
- Language
- en
- Explicit
- No
- First episode
- 7 Sept 2022
- Latest episode
- 25 Feb 2023
Latest episodes
17 episodes in the feed.
25 Feb 2023
$100 Dollar Oil By Year End - Exclusive: Russia plans deep March oil export cuts, sources say
Pioneer CEO Sees $100 Oil By End Of Year Brent crude oil will be around $100 per barrel by the end of the year, Pioneer CEO Scott Sheffield has predicted. Oil has been rangebound over the last five or six months, Sheffield said, although Chinese demand is picking up "significantly". "I think that what we'll see…. Brent will break $90 this summer and climb back up to $100 sometime in the second half of the year." He expects WTI to be in the low $90s by the end of the year. Despite the calls for $100 oil, Pioneer's CEO reiterated that capital discipline is still the name of the game, adding that its shareholders haven't changed their view on that. "We see no change at all," Pioneer CEO Scott Sheffield told Bloomberg today. Exclusive: Russia plans deep March oil export cuts, sources say Russia plans to cut oil exports from its western ports by up to 25% in March versus February, exceeding its announced production cuts in a bid to lift prices for its oil, three sources in the Russian oil market said. Russia had already announced plans to cut its oil production by 500,000 barrels per day in March, amounting to 5% of its output or 0.5% of global production. U.S. treasury officials have said the Russian decision to cut oil production reflects its inability to sell all its oil. Washington has said it pushed for the introduction of price caps to limit revenues for President Vladimir Putin's war in Ukraine but have set them high enough to avoid a further spike in global oil prices. Subscribe to my channel : https://www.youtube.com/c/kingdomexpl (https://www.youtube.com/c/kingdomexpl)... Request Information : http://kingdomexploration.com/Request (http://kingdomexploration.com/Request)... Phone (307) 622-1645 email: sean.pruitt@kingdomexploration.com (mailto:sean.pruitt@kingdomexploration.com) #oilprices #oilnews #opec
28 Jan 2023
Putin's Response to American Tanks could cause $150 dollar OiL
Moscow has repeatedly warned that the export of tanks from the West to Ukraine would amount to an escalation of the war. In today's video I give my thoughts on Putin's next move that could cause oil to hit levels we've never seen before. Subscribe to my channel : https://www.youtube.com/c/kingdomexplorationllc?sub_confirmation=1 (https://www.youtube.com/c/kingdomexplorationllc?sub_confirmation=1) Request Information : http://kingdomexploration.com/Request-Oil-Investment-Brochure-B/ (http://kingdomexploration.com/Request-Oil-Investment-Brochure-B/) Phone (307) 622-1645 email: sean.pruitt@kingdomexploration.com (mailto:sean.pruitt@kingdomexploration.com) In its latest forecast, the IEA has projected demand to rise by 1.9 million barrels per day to 101.7 million barrels per day (bpd) this year, an upgrade from its previous forecast for a 1.7 million bpd increase The IEA’s monthly Oil Market Report (OMR) forecast shows supply outstripping demand by nearly one million bpd in the current quarter and in the second quarter again marginally, before a flip. Demand in the third and fourth quarters will be 1.6 million bpd and 2.4 million bpd, respectively, above supply, it said. The IEA cautioned that the timing and pace of a Chinese demand recovery and of Russian supply resilience will affect its forecasts. The IEA called Russia a wild card, noting that production merely dipped in December when the EU import ban and G7-led price cap came into force. But it said this will change after the EU bans imports of Russian refined products in early February, when Moscow’s apparent move to increase refinery throughput and store significant amounts of oil will be challenged. The IEA forecasts that around 1.6 million bpd of Russian production will be shut in by the end of the first quarter, compared with pre-war levels, and this will reduce output to 9.7 million bpd in 2023, down by 1.3 million bpd from 2022. Goldman Sachs sees oil prices heading to $100 a barrel by the third quarter of 2023 amid China reopening Goldman Sachs expects oil prices to jump to $100 a barrel by the third quarter of 2023. The bank said China's reopening was likely to add 1.6 million barrels a day in demand to the market. Goldman's Nikhil Bhandari said supply was unlikely to keep up after underinvestment in recent years. Oil prices rose about 2% on Thursday on expectations that global demand will strengthen as top oil importer China reopens its economy and on positive U.S. economic data. The U.S. economy grew faster than expected in the fourth quarter "Crude prices got an unexpected boost from a U.S. economy that doesn’t want to break," said Edward Moya, senior market analyst at data and analytics firm OANDA. Oil Traders Betting Fed Can Produce ‘Soft-Landing’ With some investors saying the economic data suggests there is more resilience in the economy than is being talked about, some are already calling it a “goldilocks situation.” In other words, investors see the economy as decelerating, but not falling off a cliff as many had anticipated just weeks ago. What this means is that investors now feel the Fed may be able to pull off a ‘soft-landing’ if there is a recession. We feel that oil prices can surge if the fear of recession is dampened or eliminated. French bank BNP Paribas has made a commitment to reduce lending to the oil and gas industry by 80 percent by 2030 as part of entering a new phase in its decarbonization efforts. #oilprices #oilnews #opec
6 Jan 2023
Oil Prices 2023 - Petro Yuan Failure Forces China to Open Economy
Watch video here > https://youtu.be/6bTOkEhrpbM (https://youtu.be/6bTOkEhrpbM) All eyes on China China lowers demand before signing massive oil contracts China tried to butter up the young prince with 32 massive contracts China agenda was to settle these contracts in the Yuan Saudi along with many others were concerned with Chinas faltering economy and said no to Chinese Currency China has no choice but remove all covid restrictions and no better time as he has energy security after having all the agreements in place with Russia and Saudi Why Oil Prices did not rally to $130 in 2022? Russian disruptions did not materialize Covid Lock Downs in China The Fed increased 325 basis points causing a strong dollar and reducing 50% of the money supply. Without cash you can chase the oil rally. The hike caused a 30% self-off in oil markets If we did not have the perfect storm that suppressed oil prices, we would have hit highs of $140+ like the days of 2008 pushing us into a deeper recession. We’re already in a 5-year oil under investment cycle and the blood bath continues. All this does is suppress fundamental oil prices making it more likely to spike vs stabilize. What’s changed? Russia, evidence of the sanctions are starting to take hold and Russian oil exports are starting to reduce. China is seeing increased bookings for holidays, increased subway usage etc.. Europe and India PMI up and rebounding If we look at 04 to 06 they had rate hikes and eased them in 07 causing a massive oil price rally due to the fed easing rates and China economy being stimulated. China largest commodity consumer in the world - largest oil importer - 2nd largest economy in the world is now opening the market. Artificial supply from the SPR coming off the market Fed plans to buy 200 million back putting a floor under oil prices China demand should increase around 2 million Russia supply drop around 1 million bopd OPEC is supporting higher oil prices as they don’t have to compete with American Oil anymore
16 Dec 2022
Oil Bull Market in 2023
With the end of the SPR Release, SPR Buyback, Reduced Russian Oil, China Easing Restrictions and with continued artificial sentiment pushing oil prices down I think 2023 Oil Bulls are coming. For every reason you have a case for high oil prices theres market sentiment to drag oil prices down as it comes down to what the markets think prices should be regardless of fundamental data. At some point the markets over reaction to recession fears causing oil prices to drop will come back with vengeance. You can't turn your back on the most demanded commodity without paying the price. The oil markets have never been so tight and under funded at the same time. Subscribe to my channel : https://www.youtube.com/c/kingdomexplorationllc?sub_confirmation=1 (https://www.youtube.com/c/kingdomexplorationllc?sub_confirmation=1) Request Information : http://kingdomexploration.com/Request-Oil-Investment-Brochure-B/ (http://kingdomexploration.com/Request-Oil-Investment-Brochure-B/) Phone (307) 622-1645 email: sean.pruitt@kingdomexploration.com (mailto:sean.pruitt@kingdomexploration.com) #oilprices #oilnews #opec
9 Dec 2022
China Saudi Oil Deal is the end of Cheap Abundant Energy for America!
China’s Xi to visit Saudi Arabia is the end of cheap abundant oil for America. The Saudi American relationship has ended while China has become the new America. The US dollar has dominated the world markets due to the Saudi US relationship. Every Barrell of Oil Sold by Saudi's was done in USD. This has caused the USD to be the #1 global currency putting us in position to print as much as we want with very little inflation. This has allowed us to build a world superpower with the most powerful military. We printed money and bought unlimited amounts of oil abroad. Saudi Oil is now being sold in other currencies and China is the #1 buyer replacing America. Now it's China's turn to buy abundant cheap energy while America gets a taste of what the rest of the world has dealt with. For the first time oil won't be pegged to the USD much longer. Get ready to pay prices we've never seen before all the while China's contracts keep him priced lower. This is the time for American Oil Companies to Drill like never before to prevent what is coming. Subscribe to my channel : https://www.youtube.com/c/kingdomexplorationllc?sub_confirmation=1 (https://www.youtube.com/c/kingdomexplorationllc?sub_confirmation=1) Request Information : http://kingdomexploration.com/Request-Oil-Investment-Brochure-B/ (http://kingdomexploration.com/Request-Oil-Investment-Brochure-B/) Phone (307) 622-1645 email: sean.pruitt@kingdomexploration.com (mailto:sean.pruitt@kingdomexploration.com) #oilprices #oilnews #opec
2 Dec 2022
Oil Prices Will Never Cash Again now That OPEC is in the Drivers Seat as Shale Dies
Shale is on the decline and will never come back. This has put OPEC back in control and they will do what ever they can to protect their Oil Superpower by increasing or reducing supply to keep oil prices higher. What do you expect from countries that rely on Oil for most of their prosperity? Subscribe to my channel : https://www.youtube.com/c/kingdomexplorationllc?sub_confirmation=1 (https://www.youtube.com/c/kingdomexplorationllc?sub_confirmation=1) Request Information : http://kingdomexploration.com/Request-Oil-Investment-Brochure-B/ (http://kingdomexploration.com/Request-Oil-Investment-Brochure-B/) Phone (307) 622-1645 email: sean.pruitt@kingdomexploration.com (mailto:sean.pruitt@kingdomexploration.com) #oilprices #oilnews #opec
11 Nov 2022
Oil Rises as China Lock Downs Eases - US Energy Demand Increasing - Oil News
Oil jumps as China eases COVID curbs in potential boost to demand Oil prices jumped by more than 3% on Friday after health authorities in China eased some of the country’s heavy COVID curbs, raising hopes for improved economic activity and demand in the world’s top crude importer. The oil market remains depleted of its main buffers: inventories and spare capacity. Concurrently, the risk of meaningful supply disruptions in Libya, Russia, Iraq, and Iran is currently elevated. US Power Consumption Has Never Been This High. According to the EIA, power consumption in the US will rise to a record high of 4,036 KWh in 2022, up 3% compared to last year, as hotter temperatures and increasing economic activity keep on pushing electricity usage up. US Funding Indonesia’s Pivot from Coal. The United States and Japan will offer 15 billion in energy transition funds to Indonesia if it starts retiring its ple ping the government to reach its aim of bringing the share of renewables to 23% by 2025. US Crude Growth Plummets in 2023. Citing inflation and supply chain constraints, the Energy Information Administration lowered its forecast for 2023 US crude production growth by a whopping 21%, expecting next year’s increase to be 480,000 b/d. China Relaxes Covid Rules. The Chinese government has eased its zero-COVID requirements despite surging cases across the country, reducing quarantine periods for inbound travelers as well as their close contacts and scrapping fines for airlines carrying infected passengers, boosting hopes of a China normalization. China has already ramped up crude oil imports by more than 2.5 mb/d in recent weeks, in preparation for this event, as well as to replenish depleted inventory. Subscribe to my channel : https://www.youtube.com/c/kingdomexplorationllc?sub_confirmation=1 (https://www.youtube.com/c/kingdomexplorationllc?sub_confirmation=1) Request Information : http://kingdomexploration.com/Request-Oil-Investment-Brochure/ (http://kingdomexploration.com/Request-Oil-Investment-Brochure/) Phone (307) 622-1645 email: sean.pruitt@kingdomexploration.com (mailto:sean.pruitt@kingdomexploration.com) #oilprices #oilnews #opec
3 Nov 2022
Oil has dethroned The US Dollar!
The only reason why the US Dollar has remained the most powerful currency was because of Oil! The very thing they used to build the most powerful country in the world they began to despise. Now the Oil Cartels of the world are going to teach America a lesson and create their own system based on oil in the same way America has. The current administration has attacked the fossil fuel industry with their anti oil rhetoric. The Middle East and the East are tired of Western influence and military controlling the rest of the world. Their only option is to control their energy buy reducing supply to the west and selling it in the currency of their choosing. In order for this to happen Putin, China need the oil rich nations to come together to form alliance to combat the western powers. BRICS is a big part of this. As one massive Oil Cartel they can force the West to buy their energy in another currency immediately causing every country to be forced to use the new system or starve! This will cause oil to be scarce in the west and could lead to ww3! Subscribe to my channel : https://www.youtube.com/c/kingdomexpl (https://www.youtube.com/c/kingdomexpl)... (https://www.youtube.com/c/kingdomexplorationllc?sub_confirmation=1) Request Information : http://kingdomexploration.com/Request (http://kingdomexploration.com/Request)... (https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbGF3a1RDZl9ZU1hrVjN6dE9ONjlPaDhqV1hhd3xBQ3Jtc0ttMXlZNGx0SGRpdFc1OGx1OUMwVEltRURpYnpWNnloRDZYMlJBUl9aTlBocFZfX3MtU09nc3RKOHdpNk5XcFRHTklleGRSWHVTS0M2b0JBbHR1dTFFRzMtUlZjRExDNmhfLUMzanpndWxpZk8xWFZ0UQ&q=http%3A%2F%2Fkingdomexploration.com%2FRequest-Oil-Investment-Brochure%2F&v=VgMmtdmCowI) sean.pruitt@kingdomexploration.com (mailto:sean.pruitt@kingdomexploration.com) #petrodollar (https://www.youtube.com/hashtag/petrodollar) #oilnews (https://www.youtube.com/hashtag/oilnews) #oilanalysis (https://www.youtube.com/hashtag/oilanalysis) #opec (https://www.youtube.com/hashtag/opec)+ #oil (https://www.youtube.com/hashtag/oil) #oilandgas (https://www.youtube.com/hashtag/oilandgas) #seanpruitt (https://www.youtube.com/hashtag/seanpruitt) #kingdomexploration (https://www.youtube.com/hashtag/kingdomexploration)
28 Oct 2022
Oil Markets are under supplied!
World Oil reserves are the lowest in history. We are down 170 million barrels of oil although we've lost 140 million barrel demand due to covid restrictions and recession fears over the last 12 months. What happens when the SPR stops, EU Russian Oil embargo begins, China Lock Downs end & Shale Oil peaks? Subscribe to my channel : https://www.youtube.com/c/kingdomexplorationllc?sub_confirmation=1 (https://www.youtube.com/c/kingdomexplorationllc?sub_confirmation=1) Request Information : http://kingdomexploration.com/Request-Oil-Investment-Brochure/ (http://kingdomexploration.com/Request-Oil-Investment-Brochure/) sean.pruitt@kingdomexploration.com (mailto:sean.pruitt@kingdomexploration.com) #oilnews #oilanalysis #opec+ #oil #oilandgas #seanpruitt #kingdomexploration
20 Oct 2022
Bullish on Oil if you see what's coming! Saudi Arabia plan to join BRICS unfolding.
Saudi Arabia's plans are coming to light as meetings with the heads of BRICS increase. African Prime Minister tells the world Saudi Arabia has every intention on Joining BRICS. If the Biden Administration does not retaliate to OPEC+ for undermining the elections and causing higher energy prices for the world it's only going to multiply the efforts of middle easter powers to break off the American system. #oilnews #oilanalysis #opec+ #oil #oilandgas #seanpruitt #kingdomexploration
14 Oct 2022
The decoupling of US & Saudi Arabian ties will send oil prices sky high.
The decoupling of US & Saudi Arabian ties would put an end to cheap abundant energy. We've been buying middle east oil for years as America is the only country that can just print money and trade for oil as Oil is pegged to USD. We played into the hands of Russia by turning up the heat on the Saudis and the 2 million BOPD cut tells how the new admin is with foreign relations. This middle east disconnect has set the ground floor for $80+ oil. We might see short weeks of $65 in the event of major economic decline but not for long as OPEC+ are in the drivers seat due to lack of spare capacity thanks to the US American Shale decline! Now, OPEC+ is in position to have the capability to cut America from OIL which would then cause WTI Oil Prices to hit levels we've never seen while the rest of the world pays less. Call Kingdom Exploration to discuss our current oil investment drilling project. (307) 622-1645 Subscribe to my channel : https://www.youtube.com/c/kingdomexplorationllc?sub_confirmation=1 (https://www.youtube.com/c/kingdomexplorationllc?sub_confirmation=1) Request Information : http://kingdomexploration.com/Request-Oil-Investment-Brochure/ (http://kingdomexploration.com/Request-Oil-Investment-Brochure/) Shale Oil Article : https://ieefa.org/articles/ieefa-update-fracking-companies-2019-performance-signals-ongoing-crisis (https://ieefa.org/articles/ieefa-update-fracking-companies-2019-performance-signals-ongoing-crisis) #oil #oilnews #opec #peakoil #kingdomexploration #oilandgas #oilprices #seanpruitt
7 Oct 2022
OPEC+ Cuts 2 Million BO Sending the Message to Joe Biden.. FU!
00:12 How does OPEC+ Cuts Effect Middle East? 00:43 Joe Biden Ups his rhetoric saying OPEC sided with Russia 03:05 Iran backed Houthi Rebels Escalates war and threaten Saudi Arabian Oil infrastructure! 03:41 Why America supported Saudi Arabia in the War in Yemen 04:12 Why we rely on Saudi Arabian Oil 06:56 Joe Biden ending his support for Saudi has caused Houthi attacks to escalate 09:05 US Shale Oil & Gas is dying and now without Shale hyper growth OPEC+ can control oil once again The OPEC+ Cartel has gone to war with the West causing oil prices to be upward charged and increased the instability in the middle east as American Saudi relations die. The Biden Administration along with mainstream media has connected the OPEC+ cartel as a Russian puppet. The worst thing you can do is demonize the very organization that can pull us out of a recession by reducing energy prices. Talking about cutting off the hand that feeds you! Once Biden knew Saudi's were not going to help the left in the midterms the gloves came off and this OPEC+ 2M BOPD CUT was the straw that broke the camels back! One of the many examples of America turning their back on their former Saudi allies is they failed to broker the peace talks between Saudis, Yemen & Iran causing the peace treaty to end. Now the Houthi rebels are increasing their war efforts and threatening Saudi Arabian Oil and Gas fields. What is to come makes Nord Stream seem like a walk in Disney Land... Well, maybe Disney is not the best comparison anymore :) Call Kingdom Exploration to discuss our current oil investment drilling project. (307) 622-1645 Subscribe to my channel : https://www.youtube.com/c/kingdomexplorationllc?sub_confirmation=1 (https://www.youtube.com/c/kingdomexplorationllc?sub_confirmation=1) Request Information : http://kingdomexploration.com/Request-Oil-Investment-Brochure/ (http://kingdomexploration.com/Request-Oil-Investment-Brochure/) Ironic and admin that has tried to suppress and lower their production is upset that another country would lower theirs It is all about getting gas prices down before mid-term elections next month Releasing the most SPR reserves in history - drawn down by 1/2 - it's only for emergency - threatening the stability of the Salt Caverns if you keep producing Spare capacity - EU oil embargo begins Dec 5th - IRAN Nuke deal is dead It's now time for oil prices to reflect fundamentals Oil inventories have dropped 130M BO despite SPR release and China Covid Zero policies - without those factored we would 300M BO Inventory Drop Oil Demand Loss due to Recession will be offset by China emerging out of Covid Lockdowns - fuel switching : record amounts of oil will be used vs nat gas for power - 700k - 1 m BOPD demand increase. Great Financial crisis demand dropped by 2% today that's 2 million BO - just china emerging from lockdowns and fuel switching will negate 75% of that
30 Sept 2022
Nord Stream Attack is one of many systematic attacks on key energy infrastructure to control West.
The destruction of the Nord Stream Pipeline could be a deliberate plan by Eastern Powers to break the backs of the west and reduce sanctioning powers. If China, Russia along with OPEC can cut the west from Energy they can influence western powers! Key Points for Oil Prices • Limited supply • Limited spare capacity • Limited Inventories • SPR lowest in 40 years • Slower recovery in China • Weakening demand in the US • Federal rate hikes.. Macro economics – US dollar absolutely killing oil prices • OPEC meeting October 5th 1 million BO Cut • SPR Tapering – enormous downward pressure on oil prices • 2-3 months China start reopening we already see in Hongkong – big surge in domestic demand and Asia • Substitution – Record high nat gas and coal – coal trading over $100 oil equivalent – • Russia will reduce supply response to price cap Europe and US imposing • Iran nuclear deal is not willing to move forward • Historical demand recession 500k to 1M BOPD .5 to 1% - SCO & BRICS • Anti-western rhetoric has increased substantially – • Conoco Phillips is on high alert due to many drone sightings • Drone sightings just before the Nord Stream blew • The destruction of the Nord Stream Pipeline could be a deliberate plan by Eastern Powers to break the backs of the west and reduce sanctioning powers. If China, Russia along with OPEC can cut the west from Energy they can influence western powers! Call Kingdom Exploration to discuss our current oil investment drilling project. (307) 622-1645 Subscribe to my channel : https://www.youtube.com/c/kingdomexplorationllc?sub_confirmation=1 (https://www.youtube.com/c/kingdomexplorationllc?sub_confirmation=1) Request Information : http://kingdomexploration.com/Request-Oil-Investment-Brochure/ (http://kingdomexploration.com/Request-Oil-Investment-Brochure/) #oilnew #oilprice #peakoil #shaleoil #nordstream #oilandgas #opec
23 Sept 2022
Oil News - China, Putin, Saudi, Iran Plan to Sanction America with Oil!
We’re witnessing one of the largest pump and dump schemes the world has ever seen. Green energy is a classic case as it has all the ingredients of a pump and dump scheme. According to the SEC : In a pump and dump scheme, fraudsters typically spread false or misleading information to create a buying frenzy that will “pump” up the price of a stock and then “dump” shares of the stock by selling their own shares at the inflated price. Once the fraudsters dump their shares and stop hyping the stock, the stock price typically falls and investors lose money. False or misleading information about a company’s stock price may be spread through sources including social media, investment research websites, investment newsletters, online advertisements, email, Internet chat rooms, direct mail, newspapers, magazines, and radio. For example, China not only is pushing the green energy lies but financially benefiting the most as they sale green technology to the world and own some of the largest cobalt mines in Africa! All the while China buys record amounts of oil and continues to build coal powered plants. China, Russia, Iran and the rest of the world is tired of the western sanctions especially the power of the American rule. The war in Ukraine is all about Putin trying to remove the grips of western powers. Imagine being sanctioned by China every time you did something they disagree with! This is the why for the alliances forming with SCO and BRICS. If China can get Putin, Iran, Saudi Arabia etc to side with him they can sanction America from oil! A western world without OPEC+ oil, is a very expensive reality we can’t survive. WTI oil price would be $200+ while the rest of the world is paying $80 for brent crude. We’re playing into their hands by jumping from Oil to Green Call Kingdom Exploration to discuss our current oil investment drilling project. (307) 622-1645 Subscribe to my channel : https://www.youtube.com/c/kingdomexplorationllc?sub_confirmation=1 (https://www.youtube.com/c/kingdomexplorationllc?sub_confirmation=1) Request Information : http://kingdomexploration.com/Request-Oil-Investment-Brochure/ (http://kingdomexploration.com/Request-Oil-Investment-Brochure/)
16 Sept 2022
Oil Price News - Oil prices are headed to $150 a barrel
JPMorgan's Malek Still Sees Oil at $150 · We can’t just rely on Saudi Oil · Oil capex has never been so low · Structural Deficit · 107-110 MBO By 2030 – in 8 years – · When China comes out of lockdowns · Nat Gas to oil conversation SCO summit · China, Russia, Iran, Saudi Arabia forming and anti-western alliance. Watch CNBC's full interview with India's Petroleum Minister Hardeep Singh Puri India's Petroleum Minister Hardeep Singh Puri told CNBC's Hadley Gamble his country will carefully assess whether to support a G-7 proposal to impose a cap on the price of Russian oil. “There are many conversations going on due to a large number of factors,” Puri said at Gastech 2022 in Milan, Italy. · Oil Demand is higher than supply · Energy today is the lifeline of the economy · For the next 2 decades we see India oil demand going to over 9 million BOPD 'Which Uses More Electricity...A Refrigerator When It's Running Or Electric Car When It's Charging?' · At today's House Transportation Committee hearing, Rep. Thomas Massie (R-KY) questioned Sec. Pete Buttigieg. · Electric car uses 50 X more energy than a running refrigerator · Do you think it would strain the grid if all Americans plugged in 25 refrigerators · The average household uses 17% of electricity for air conditioning. It would take 4 x more energy than what is used by air conditioning.
10 Sept 2022
Oil Boom-and-Bust Cycle has come to an end!
- We skipped the oil boom and bust cycle - 1980’s recession caused by tight monetary policy in an effort to fight mounting inflation - 1990’s recession caused by restrictive monetary policy enacted by central banks, primarily in response to inflation concerns, the loss of consumer and business confidence as a result of the 1990 oil price shock, - 2008 recession caused by cheap credit and lax lending standards that fueled a housing bubble. - 2014 oil price crash due to Oil Glut from the shale revolution funded by banks just like the 2008 housing market. - 2019 oil price crash due to Covid 19 Lockdowns - 2022 oil price drop due to fed rate hikes and recession fears. - The last 3 oil price drops was not like 80s, 90s or 2008. It was little to do with recession more to do with induced demand decrease and shale glut. - Russia cutting of gas to Europe causes substitute nat gas for oil increasing demand by 1 million bopd. - West imported 5MBOPD from Russia Now down to 3.5MBOPD. The redirection of 1.5MBOPD caused a loss of 500kBOPD due to the limitations in the system. Now re-directing 3.5MBOPD causing 1 million bopd loss totaling 1.5MBOPD loss. - Chinese lockdowns will come to an end increasing demand by 1-2MBOPD - The 1 MBOPD SPR ends October - The two recent oil price crashes were due to shale oil glut and covid-19 having nothing to do with demand Call Kingdom Exploration to discuss our current oil investment drilling project. (307) 622-1645 Subscribe to my channel : https://www.youtube.com/c/kingdomexplorationllc?sub_confirmation=1 (https://www.youtube.com/c/kingdomexplorationllc?sub_confirmation=1) Request Information : http://kingdomexploration.com/Request-Oil-Investment-Brochure/ (http://kingdomexploration.com/Request-Oil-Investment-Brochure/) 00:00 Introduction 02:00 Oil Boom-and-Bust Cycle 07:30 Europe replaces Russian Gas With Oil 10:17 Global Warming & Anti Fossil Fuels Rallies Joe Bidens Base 13:55 Shale Oil Gives Excuses as it Declines 15:55 Biden Administration block 58,000 acres Oil Drilling Leases 17:22 Putin Threatens to cut West off from Oil and Gas if Price Cap imposed
7 Sept 2022
Saudi Kingdom at Risk of attack from Iran if He does not sign with China and Russia BRICS.
Today's Oil Prices. Where do we go next... 00:00 Introduction 00:45 G7 Agrees On Oil Price Cap on Russian Crude Oil 01:44 Russia cuts off gas exports to Europe via Nord Stream 02:39 ESG Moment has caused companies like Black Rock, BNP Paribas SA, Credit Suisse Group AG, Danske Bank A/S, Jupiter Fund Management Plc, Nordea Bank ABP, Schroders Plc, Svenska Handelsbanken and Swedbank AB and nearly 350 funds to no longer make decisions in the best interest of their shareholders or their clients, but instead use their financial clout to push a social and political agenda shrouded in secrecy. 05:40 Oil rallies ahead of OPEC+ meeting 07:45 Iraq's Political Crisis Is Far From Over and Could cause of to lose significant amounts of oil from OPEC+ 2nd Largest Oil Producer. 10:57 BRICS is coming together to control Oil and bypassing the petro dollar. The only reason MBS needs america is protection from Iran 15:23 US Rig Count Drops 16:04 Oil Slumps in Low-Volume Trading 17:28 China, Russia and Iran's End Game 18:57 It doesn't matter what happens to the oil markets as OPEC+ controls Oil Prices Call Kingdom Exploration to discuss our current oil investment drilling project. (307) 622-1645 Subscribe to my channel : https://www.youtube.com/c/kingdomexplorationllc?sub_confirmation=1 (https://www.youtube.com/c/kingdomexplorationllc?sub_confirmation=1) Request Information : http://kingdomexploration.com/Request-Oil-Investment-Brochure/ (http://kingdomexploration.com/Request-Oil-Investment-Brochure/)
Contact Oil News - Oil Investments - By Sean Pruitt Pres. of Kingdom Exploration LLC
- Guest appearances
- Does not typically book guests
Based on episode analysis; this does not confirm that the show is currently accepting guests.
Host of Oil News - Oil Investments - By Sean Pruitt Pres. of Kingdom Exploration LLC?
Claim your podcast to manage its listing and keep your show details accurate.
Pod Engine is an independent podcast discovery and analytics service and is not affiliated with or endorsed by this podcast. Artwork and show content belong to their owners. Full legal notice.
Explore this show
Podcast research with Pod Engine