World Oil analysis

The general media make it sound just like the sizeable. The majority of people attesting on Tuesday have been against proration. That’s just no longer genuine. out of 39 speakers that this editor listened. To in the course of all however 45 mins of the listening to (overall speakers testifying have been probably close to 50). 15 declared or leaned towards being “for” in their comments, 18 declared or leaned toward being “against,” and six have been virtually impartial. That is clearly now not a massive majority. Now, it’s feasible that when we get a final count from the rrc. The numbers will alternate some. However now not enough to mention that it was a slam dunk for the “in opposition to” crowd.

It’s real smooth to steer with an inflammatory declaration made. By means of diamondback electricity cfo kaes van’t hof (as multiple outlet did). Who stated that the company would give up all drilling if prorationing is instituted. and make it sound like this thought dominated the assembly. That’s no longer the case—there were some distance greater angles discussed than this one. And, frankly, the diamondback remarks. May be construed as a chunk of a chance to commissioners.

Egregious Set Of Statements

Every other egregious set of statements given heavy exposure. By the overall media stated the accusation that a few operators are assisting pro rationing. For selfish motives, in particular as an possibility to void contractual obligations, consisting of drilling. This could be real for a phase of operators, however truly no longer for all of us. Are they sincerely looking to restore a problem?” stated enterprise products partners co-ceo jim teague in an accusatory tone. and in advance within the consultation. Marathon oil chairman lee Tillman voiced that concept, as nicely.

To make certain, the anti-prorationing crowd came to the assembly. More or less-10-minute set of feedback that changed into laced with rapid-fire statistics. But while a few of the stats had been everyday and run-of-the-mill. If one became able to concentrate carefully to his feedback and others’, it become possible to choose out the periodic slant within the numbers.

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