I used to be active investing in oil and gas and mlp space and somehow sidestepped the bloodbath in 2014 and have been away for a last 3 years.

I was reviewing the macro and company projections and it is amazing what we have done in domestic oil and gas production and the revolution of fracing.

The Permian field in west Texas in 10 years could produce 8-10 mil barrels a day. That is more than Iran, Iraq, UAE, Nigeria or Angola.

http://www.telegraph.co.uk/bus...as-devastating-opec/

If I was Saudi Arabia or Russia I would be terrified.

Add in electrics cars, associated natural gas, solar I could see a Saudi Arabia focused on its second biggest export in 20 years - dates.

Mike

It's amazing, isn't it? All of the Mathusians who said we'd run out of oil by the year 2000 had no understanding of Capitalism, the profit motive and technology.

quote:

Originally posted by analog_peninsula:
It's amazing, isn't it? All of the Mathusians who said we'd run out of oil by the year 2000 had no understanding of Capitalism, the profit motive and technology.

It's beyond amazing.

It's like creating Saudi Arabia in West Texas

Mike

A lot is due to the late George Mitchell.

I will say the big rush that occurred a few years ago put a new pickup and bass boat in many driveways. It also helped the bars and dealers. The infrastructure had to catch up and it was all down the line. The severe drop, however, hurt.

Yeah we have it all down here.Oil,shipchannels,live music capital of the world' semi conducter industry;the list goes on + on.Just please don't move here.We have enough transplants. We used to see the Secede bumper stickers along with,Texas oil for Texans only,let the yankee bastards freeze in the dark.