VH opening her big stupid mouth again
So now she's opening all the valves to help the ship sink quicker
14 replies (most recent on top)
Stupid is as stupid does.
Forrest Gump grew up in Alabama...and he knew what he was talking about. Too bad VH didn’t stay there.
@gso+17rBsxZb Wow did you stay up all night to think of that insult? High quality.
I don’t know about peak oil being reached, but Oxy under VH is definitely well past its peak.
Doubling down several times on the Permian Shale Ponzi Scheme is VH’s legacy. A legacy of ignorance, idiocy, indolence and arrogance.
Stupid VH taking stupidity to new levels
If there was an Olympic sport for stupidity im sure VH would be on the podium with a silver medal
She’s the worst. Promises one thing, does another. Tried the fix her mistakes by pushing more upper mgmt backed systems, makes it worse. Her mistake started with replacing all the cities service folks with Apache to promising no layoffs, to acting as employees mattered, to promoting a culture of politicking, to acquiring a perfectly good company for an outrageous amount and then putting inept people in charge of the merge (those who excel at the politicking and Sunday golf sessions and expensive lunches). What made Oxy great was has slowly been destroyed by her bull-headed actions.
Being realistic about the future of our industry equates to not wanting to work for an oil and gas company anymore? That's exactly the type of cognitive dissonance that got us in this mess in the first place.
I don' believe for one second that anyone with integrity, honesty, ethics or a professional attitude WANTS to work for Oxy.
Sounds like a bunch of people who don't want to work for a oil and gas company anymore maybe they should move on.
The state of Alaska is going to swing the pendulum of the supply curve? Get real, dude, come on. It's a blip on that radar.
It is called Alaska. That’s where the oil is.
In what conventional fields in the US has what you just described NOT already been done? Sure there will be small discoveries, but the days of big strikes and finding new, MASSIVE fields are long gone for the ol' US of A. All that was drilled up in the 20th century. What's left are low-decline waterfloods and the occasional infill opportunity, but that doesn't necessarily increase supply. It just increases the recovery factor, which is often quite negligible. Conventional has always been the cheapest stuff to drill, so why would tons of opportunities still exist after an entire century of exploration by numerous operators? Short answer is: they don't. Anyone who has worked conventional fields knows the feeling of poring over numerous records from various operators that have tried all sorts of things to get hydrocarbons out of the ground. And then coming to the realization that if anything is left at all, it's probably not enough to justify spending the money.
The rocks only have so much to give; we can't defy physics, despite our technology. The unfortunate reality is that we have already discovered and produced MOST of the oil reserves on this planet. What's left will be found and produced, but it's a lot less left than people realize.
Peak supply is not behind us. As prices rise there will be more discoveries and existing fields will be developed on tighter spacing. Are you just focusing on shale?
I mean, if you genuinely think we haven't reached peak US oil production after this shale nonsense, then you're the misguided one. Demand is another story; we likely haven't reached peak demand globally yet, but we've already surpassed peak supply.
Because supply was already spent before shale. Shale just allowed us to tap the source of the hydrocarbons as opposed to the reservoir, but guess what? There is no source to the source. All of those hydrocarbons in the ground took millions of years to be deposited and buried and cooked and released. And we just spent the last 10 or so years plowing through all of that work Earth had done for us. Like riding down a waterslide in 20 seconds after waiting in line for over an hour. Peak supply is behind us, but with demand still slated to rise, let's hope that will be good for prices going forward (assuming renewables don't experience any technological leaps in the meantime).
Are there no limits to this woman's stupidity?