CH stock · Energy sector · Oil & Gas Drilling
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Transocean Ltd.

RIGNYSE

2.36

USD
-0.19
(-7.45%)
Market Closed
-2.58P/E
-30Forward P/E
-0.13P/E to S&P500
1.767BMarket CAP
- -Div Yield
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>The idea behind the creation of the FED is congress is full of lawyers not economic majors the FED is suppose the be the economic expert. Congress split off some of its responsibility to the FED.

Today Contress has fiscal policy and the FED monetary policy. I think the FED took the "burden" from the Sec of the Treasury.

>Again video cards spiked due to multiple reasons but supply was a big part of it. Bitcoin the biggest crypto does not use GPU's (its CPU intensive), Etherium is the largest crpyto that does, it made a huge impact but not as much as people think. More accurately past tense, fortunately etherium has changed its structure to not encourage GPU farms, so hopefully that wont be an issue with the 4090.

I thought any proof of work crypto uses enormous GPU resources but again, I am no expert. What I do know is that Pelosi's husband sold a ton of Nvidia stock before she made the controversial trip to Taiwan.

>My brother and I ended up buying a shit alienwares just to get our hands on 3080's. We had to replace everything but the cpu, ram and GPU on a 2k rig.

I don't understand. Are these those enormous alienwares that are shaped like a diamond and weigh a ton?

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Take 5k out of savings and get a CDL. Drivers are in short supply, and you only deal with people maybe a few hours out of the week depending on what company you drive for. Obviously delivering products to stores means you deal with people more, but most drivers just don't deal with customer (shippers/recievers) for more than a few minutes. Even dispatch is a few minutes conversation and thats it.

You "can" make decent money, and adding content creation (YouTube/tictok) can increase that. Not to mention owning your own rig will definitely increase the cash flow and remove the "I can't keep a job" aspect. With what you have in savings, getting your own company going is not a far off goal

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There are very few communist countries left, and Russia nor China are truly communist anymore. Communism doesn’t work, but neither does uncontrolled hypercapitalism where money can rig the game.

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Its not that the FED does whatever the president says, in fact we have seen in the past the president usually differs to the FED. Again FED gets to be the bad guy ala Volker (he is kind of a hero now, but at the time he had many people who hated him).

The idea behind the creation of the FED is congress is full of lawyers not economic majors the FED is suppose the be the economic expert. Congress split off some of its responsibility to the FED. IMO the real reason they did this is so the FED can take the blame, overtime POTUS also managed to get in on the human shield action.

Again video cards spiked due to multiple reasons but supply was a big part of it. Bitcoin the biggest crypto does not use GPU's (its CPU intensive), Etherium is the largest crpyto that does, it made a huge impact but not as much as people think. More accurately past tense, fortunately etherium has changed its structure to not encourage GPU farms, so hopefully that wont be an issue with the 4090.

The video card shortage was a good example of multiple factors magnifying eachother. A) they are hard to get on launch normally. B) supply shortage C) speculators (scalpers) D) etherium miners. As supply tightens it gets even more lucrative for scalpers. Thus everything makes them more expensive and more unobtainable. My brother and I ended up buying a shit alienwares just to get our hands on 3080's. We had to replace everything but the cpu, ram and GPU on a 2k rig.

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I've learned how to get the price to go up! Just keep bidding a penny below the ask.

Today, I was putting an order in for RIG. Price was 2.35-2.36 all day. I put an order in at $2.34, the price jumped up to $2.38-2.40. My order was canceled at 4PM, per my instructions.

AH comes along, price drops back down to $2.35. I put an order in at $2.34. Price goes up to $2.37-2.38.

I said screw it, matched the 2.37 bid. It's now at 2.39.

HA HA HA FUCKING HA. 😡🤬

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>U.S. BAKER HUGHES OIL RIG COUNT ACTUAL: 602 VS 599 PREVIOUS >U.S. BAKER HUGHES TOTAL RIG COUNT ACTUAL: 764 VS 763 PREVIOUS

^First ^Squawk ^@FirstSquawk ^at ^2022-09-23 ^13:01:41 ^EDT-0400

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Keep the drill rig going

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if i were to do it all over again, i would not go to college- id go work on an oil rig. and if i did go to school, it would be in a STEM field. I work in real estate now, along the Gulf Coast and the salaries that people in energy related fields earn make me cry

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https://www.brookings.edu/2022/08/03/can-a-hot-but-smaller-labor-market-keep-making-gains-in-participation/

As soon as buy whatever house I'm buying I'm going to basically attempt to rig my layoff at work. I won't work again. And if I do it's going to cost you 100/hr. The labor market is pissed. Specifically those showing up to work. What needs to happen is all the wfh people get terminated and can fill the lower end jobs a lot of us are walking.

We are in a recession and you are going to start to see layoffs in the near future. Admittedly low end jobs aren't getting filled.

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yea my rig is like 10 years old lol

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just bought a new gaming rig. my current computer is 10 years old....play apex with like 40 fps. I'm suped up. is it true these new SDD are just instant turn on? i need to wait like 15 mins for my comptuer so start up

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Craziness. Not directly investing related, but now you guys got me thinking I'll have to reconsider AMD for my next rig. Always open to having my memory fact checked, ^_^

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Could have swore AMD was doing this and Intel was doing it less. Then again, the last time I was building a rig was 6+ years ago.

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Can't have your cake and eat it, too. Google sheets is great. You might be able to rig up some automation by yourself. There are apis for Python and R that I know of.

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It is. But its really hard to rig the market over long time frames. Its the only place left for retail.

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>i am…i know your an “oil expert” but your spinning facts

No. You're simply lying about Financial Facts about Economics and Bssic Capitalism.

Capitalists invested 1 TRILLION dollars in cash into American Shale oil During the past decade.

Ok. So they're not eager to invest too much more.

Because they haven't had much profits.

Because the oil price was Too Low for the past decade.

American Shale Drillers want the price mostly over 55.

That's why they have doubled the rig count in the past 2 years.

That's also why American drillers have slowed 🐌 down new rigs in the past month or so - because the oil futures price is down 40% in the past 3 months or so from its peak price of about 123 down to about 80 now.

Anyways. Say hi to your mom for me.

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https://ycharts.com/indicators/reports/baker_hughes_rotary_rig_count

Rig Count.

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Trump left office with fewer oil drilling rigs than Trump inherited from President Obama.

America actually has over twice as many oil drilling Rig count today as when Trump left office.

https://ycharts.com/indicators/reports/baker_hughes_rotary_rig_count (source: Baker Hughes Rig Count)

Biden has issued more oil drilling permits than Trump did at this point in their terms- Biden has actually issued over a Thousand more oil drilling permits than Trump did so far. 1,000 more is kind of a lot.

The facts are the facts. Sweetie. TDS- Trump Dick Sucking- is real.

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Sure, I don't think you should be prohibited from buying or selling whatever stocks you want. I just think GME hasnt been a good investment based on fundamentals for over a decade, and I think the hedge funds that were overexposed to a short squeeze lost all the money they're going to lose on those positions a year and a half ago.

I also think that even if I'm somehow wrong and the shorts didn't cover but it was rigged by a bunch of powerful organizations, those same organizations will just rig it again and you'd still lose money in that scenario.

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I didn't fo shit! I didn't rig SHIT!

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"Arbitrage? Selling short to lower the exchange price. After 10 day they cover shorts, price will spike and they will exchange bonds for stock and sell them to the market. In the end $rig shareholders get diluted some." took this from a tweet. can we do anything to mess with these short sellers trying to arbitrage?

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"Arbitrage? Selling short to lower the exchange price. After 10 day they cover shorts, price will spike and they will exchange bonds for stock and sell them to the market. In the end $rig shareholders get diluted some." took this from a tweet. can we do anything to mess with these short sellers trying to arbitrage?

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Lmao my thoughts exactly I can finally buy a mediocre GPU.

If the prices are good enough I might build a mining rig myself for when the difficulty of a certain coin goes down and becomes profitable.

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Remember to sell whatever she is selling and buy what she's buying. Government officials will always rig themselves to benefit so make sure you join them!

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If you ever get a good rig, play Star Wars Squadrons in VR and prepare to shit yourself. Game is like 10 years ahead of the tech (GPU power req) in VR.

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mm, not a house, but it sure as heck is able to heat a room.

We had a few rigs running in a basement that used to be an old Soviet era bomb shelter. Damp and cold are the words that describe it best - in some places it was bad enough to even have some condensation on the walls.

Enter 5 rigs in different rooms and half a week later the air was so dry I had to start using eye drops and the heat was so much we had to hold the doors open to create a draft every time we entered the bunker.

So if it's a choice between using roughly the same amount of money to keep a proper electric heater on or running a crypto rig, I can vouch for the rig - at least it has a chance of earning something while running. With a heater you're in the minus either way.

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Right now, almost nothing in gaming exists that really needs the high end cards. A good budget solution is probably the best for 95% of all customers.
Still, a lot of people buy high end and then play minecraft and terraria on it. But, since the new games aren't exactly that demanding, you maybe buy a new rig every 7 or 8 years right now, at most

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Okay so yeah making out with mermaids is definitely as hot as you'd imagine but ngl you never get used to the fish pussy thing. Alcohol, drugs, and pretending doesn't help. Sucks. Anyways, puts on offshore oil rig jobs and companies.

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Wait for the crypto rally to start. At that point, you’ll already have your mining rig company started, ready to make money hand over fist.

You can charge a solid amount of money to build a pre-built rig. Especially now that all these TikTok kids and the general public see the value in crypto. They don’t necessarily see the value in crypto; they just see the exponential percent increases and profits. You are there to give them that. You are selling an emotion. Get very good at that and you can sell any service or product.

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Dam you believe the magical algorithm bs that’s hilarious, what he say? we overwhelmed the algorithm or something like that. so let’s pretend for a moment that they did rig it to make as many states blue as possible. no way programmers would let a variation in numbers break an algorithm that was specific designed for large number sets. Also they would have to pull this off with incredible security on a large civilian team for nobody to come out about it. Seeing as the other possibility is that the person known for lying did it again I’m gonna believe that the lier lied.

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if you bought a new gaming rig what you gonna get though?

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Maybe. I actually just came across a post on r/rivian where one of the commenters mentioned how jealous they were of the OP's since they still haven't gotten their preorder.

I believe they still only have the truck (R1T) with the R1S (SUV) yet to ship.

The Bronco is available as a two-door with a rear solid axle, so it's not necessarily very comparable with a pickup truck with fully independent suspension.

As someone who goes off-road in the mountains a lot, I'd be a bit scared to take a Rivan, though I know there are people who do it already - I just feel like my much smaller, more maneuverable rig is safer and easier to drive on more trails.

That said, I'm not familiar with that COO and for all I know he's just a bonehead who bought it for no good reason and never goes off-road, my only point was that such vehicles have a purpose.

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This is a very longterm possibility. However, thus far, whenever we raise taxes or wages, they just raise prices. So unless something changes on the policy side to prevent this, they will continue to rig the deck. As I've said, even a great depression would likely be ineffective due to this same rigging of the deck.

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They can't lose my guy. They buy millions tomorrow, send SPY above 400, that triggers the algos, gets the retail investors fomoing making that mountain of puts so gd cheap.

Then Wednesday comes along and the fed does what they do and either the world ends or the bulls fly. If it's green they can let those cheap puts expire, no big loss. If it's a blood bath they can sell before any of us can and sell all over again when those puts go deep itm.

All you need is a couple bil to rig the system, buy enough lotto tickets that you can't lose

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life outside of black and white, binary options can be a confusing mess of nuance and, worst of all, full of the annoyance involved in the effort to actually think - but what if I used my money to buy an 80k sound rig, stand it up outside your bedroom and blast cartoon theme tunes all night?

I mean, I’m doing what I want with my money, right?

Sarcasm like yours isn’t the replacement for critical thought or intelligence that you think it is

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RIG

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I didn't rig shit!

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why would a mining rig run hot?

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Have you noticed oil has gone down for 3 months straight and the rig count has only gone up since Biden took office

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He's gotta jump outta plane.

With no rig ( parachute )

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Jesus... I'm sure it's different in a pick up that a rig, but being new and running max weight or close around there could be a recipe for disaster.

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I'll bite.

First point, I drove a dozen different trucks in a fleet, I was told automatic trucks existed, but I never saw them; I didn't mean to insinuate that automatic trucks dont exist but rather that a truck that's going uphill at like 50mph probably isn't trying to slow down by driving off the road, you downshift until you're going slow as fuck, and then you'd be more manageable in neutral to stop. My point stands exactly the same when referring to automatics, just that your truck would downshift as much as possible before you decided the mountain was your only way to slow the vehicle, and that I doubted this guy was attempting to accomplish that on a relatively clear road without traffic ahead.

While training for your CDL, you can't use your brakes to come to a stop after coasting more than a certain distance, so I was just vaguely explaining how downshifting to come to a stop works, it's what I was taught, and it's what you were taught too if you don't have a restriction on your CDL.

Second, it's slang. The fuckin engine brake.

Third, I shifted to first gear all of the time to coast around parking lots slowly, and while testing for my CDL I used it while dropping gears to come to a stop while trucking heavy loads on a class B wireline rig, same as how you're technically supposed to double clutch and not float your gears, it's all in preference, if I were trying to bring my perforator to a halt and didn't have brakes id downshift as far as she'd take me, and then coast in neutral if I were on a level or uphill grade.

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I would say look at RIG (Transocean), down .90 over the last week to $3.05. Will go back up sell at 3.55 for a quick 17% gain.

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Youtube channel about cars and stuff. If you take VINwiki and add college bros.

I recommend checking both out and try a video or two. I searched for that issue you said and Donut Media has one "How A Big Rig works" so I am gonna watch that.

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Nah. They’re in the mountains and his brakes are fried. You can see the lights come on and nothing happens. He’s at the top of a long hill with a bend at the bottom. His best option was to bail like he did, and hope the mud/terrain/ditch stops his rig in a survivable fashion. Mountain roads have special gravel traps for this exact thing, but must not have been one here.

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Nah. They’re in the mountains and his brakes are fried. You can see the lights come on and nothing happens. He’s at the top of a long hill with a bend at the bottom. His best option was to bail like he did, and hope the mud/terrain/ditch stops his rig in a survivable fashion. Mountain roads have special gravel traps for this exact thing, but must not have been one here.

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The only time in my life that I thought we were going to be ran off the road was when I was driving to the scenic railroad in NW Colorado... we drove passed a semi on the way up one of the hills, then on the way down I check my mirror and see this BOUNING rig screaming towards me. I saw he was already going to the next lane so I stayed put and yes he was BOUNCING. I presume because he hit the brakes but the tires wouldn't stay on the ground.

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The world has changed when AMD is suggested as a way to reduce the heat coming off your rig.

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>U.S. BAKER HUGHES TOTAL RIG COUNT ACTUAL: 763 VS 759 PREVIOUS >U.S. BAKER HUGHES OIL RIG COUNT ACTUAL: 599 VS 591 PREVIOUS

^First ^Squawk ^@FirstSquawk ^at ^2022-09-16 ^13:01:35 ^EDT-0400

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I think he had a stroke or something where your body goes limp, felt it coming on like a dizzy spell, tried to stop, but body went limp before stopping, leaving the rig to drift. If he was falling asleep, I doubt he would've touched the brakes... sleep is possible though.

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That back trailer kept, whatever is left of, the rig upright.

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I DIDNT RIG SHIT

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Rig job in effect

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I also work in IT and still love building my own gaming rig every couple of years. The ability to game with a controller is there as all of the TVs in my house are set up with Moonlight to stream from my gaming PC, but more often than not still I still prefer to sit at my desk.

Do what you love and you'll never work a day in your life.

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It's funny, someone else in another comment mentioned that current gen AMD may not allow a big upgrade path. Honestly fine with me though as I don't forsee any need to upgrade soon. Leaning Intel though as it's always been good to me.

And appreciate the tips on the GPU. Been following buildapcsales for a bit. Plan is to build the new rig and temporarily run with my old graphics card till Black friday.

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The SPR news is something to watch out for.

  • We've been draining the SPR at a historically fast pace. The average price it was sold for was $110 a barrel.
  • The White House plans to buy oil to refill the reserves at $80 (a nice profit, eh). This is a price most oil companies are highly profitable at. In fact, according to Scotiabank, $51 a barrel is what is being priced in currently in today's stocks.
  • This effectively places another floor on where oil can go, in addition to the Saudi put (they are talking up output cuts).
  • Latest weekly EIA report: crude oil commercial build of 2.6 M despite SPR draw of 8.4M; this will reverse as stated above)

Alongside this:

  • Despite the climate pledges, the European energy situation is seeing a large increase in coal usage. Given that natural gas/oil are much more environmentally friendly than coal, I'm not too worried about climate agendas posing permanent, systemic risks to the oil/gas industry in the near future.
  • Oil does well in stagflationary periods if we are in one (I don't think we are). In recessions that aren't 2008-level, oil typically falls a little but quickly climbs back up. Graph.
  • Yesterday: Permian Oil Drilling Rig Count Falls for Two Straight Weeks. First time since 2020 that the 6 week change is negative.
  • The continuation of Russian sanctions means their oil infrastructure will decay, forcing output cuts out of their control
  • Expect gas to oil switching to push up crude oil. "Heating oil demand in Germany could rise by as much as 36pc because of fuel switching away from natural gas, according to estimates by business associations en2x and BDEW."
  • OPEC is running out of spare capacity, so they may not increase output sufficiently due to inability, not just choice
  • European windfall taxes are long-term bullish by constraining future supply. Short term bearish for oil stocks
  • I am not even going to try to make a prediction, but China Covid lockdowns may not be around... eventually. Today they announced Chengu's lockdowns are easing; Chengdu has population 16 million.
  • Right now emerging markets are simply getting priced out of markets by Europe buying the oil on the markets. When this no longer happens, you will see their re-entry of oil/gas purchases they are not making

Curious to see how much higher nuclear energy adoption is in the future and what the implications are for oil/gas. This could be a major bear case.

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The Baker Hughes US rig count has been dropping in Sept. Drilling less, not more.

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I second this! I damaged my rack and pinion using my personal vehicle for field work, gonna be at least a 1000 bucks to fix. That was 2 months ago, it’s just dead in the driveway now. So I’ve been using my old beater Honda Element for field work, the thing only gets 17mpg and gas is $6.00 for regular where I live, so I don’t think I’m even breaking even after .62/mi but maybe I did my calculations wrong. Company rig all the way. 💯

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Yeah I’m in college, that’s why I’m asking you big rig single dads here on WSB 🥵

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The US oil rig count has been DECREASING. More production from where?

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Can you just rig dxy to 120 and begin the global sovereign debt crisis? I don't want to have to wait another 2 months for that.

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You're regarded. They rig rent inflation to lag by 6-12 months. So all that crazy rent prices in January and Feb are just starting to show up in CPI.

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#As we increase the surveillance, we are slowly moving to be like China, now is the time to go China on CPI numbers, rig em up !!!!!!!!

Stop the count !!! And rig em up !!! 🤡🤡🤡

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Buy $RIG

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>no mention of US releasing their oil from reserves in droves?

Lol. Joe Biden Sold Oil High to benefit the American Economy. EVEN more Proof that Joe Biden is a better Capitalist than his MAGA Dementia Test predecessor.

Damn, son. Joe Biden sold oil at Auction - and- the oil drilling Rig count still went up in America.

It's almost like Capitalism is healthier with Joe. Instead of having that market Interventionist "Trade War" president with Trumponomics war against Free Market Capitalism. Weird, huh?

Meanwhile- America has the most private sector jobs today than any day before today- ever in American History.

It's almost as if Joe Biden inherited an American Economy and an oil industry that was sabotaged by his treasonous MAGA Republican predecessor. Weird, huh?

Naw! Joe just can't stop winning.

https://youtu.be/8-Vpw0xD9JU

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Imagine you rig the game and CPI still comes in hot.

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The monthly inflation was 0.1%. Inflation probably peaked in June-according to the market.

That doesn't mean we won't have more Inflation. It just won't be rapid like it was.

All the things that you touch in your hands - they all touch oil, diesel, & gasoline prices - to get to you in a store.

Gasoline prices have been falling 90 consecutive days without even 1 up Day.

Oil price is back to January 2022 prices.

It's because there's more than double the number of oil drilling Rigs actively drilling in America than in 2020.

America's oil drilling Rig count has more than doubled since Day 1 of Joe Biden's presidency.

https://ycharts.com/indicators/reports/baker_hughes_rotary_rig_count

You can see it's lightly tapering off -this month- because the oil price has come down quite dramatically over the summer.

Finance: https://finance.yahoo.com/quote/QM=F.

The October oil futures contract peaked at 123 in June.

It's all the way down to 81-87.

If you look at a 1 Year chart of the October E-mini futures- today's oil price is basically the same as last Thanksgiving. Because of the increase in drilling and the increase of oil supply to the market.

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So fake. Almost nothing different compared to last cpi yet we pumped $30 on that one and dumping here. Rig it up fed and market makers. Good job

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Since you are looking up oil rig count. Why dont you look up the second half of the oil cycle research how many refineries have opened or closed since 2019. As oil production goes up, oil prices drop, but the Oil Crack Spread will widen as the refinery margins increase due to supply and demand. So the consumer will see no relief in the spring. Thank your fellow ESG investors for that. Calls on refineries

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Dems will not allow this; they are working on a rig job as we type.

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You had oil reach $130 this year and the rig count is still not back to 2020 levels. Compare that with the drill baby drill mentality of years past.

That's called discipline. And the wave of supply the EIA and administration is expecting to hit the markets next year simply will not materialize.

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>US is not releasing a very significant amount of oil from the SPR. The price impacts are fairly minimal.

If the United States SPR was an E&P, they would be like the 24th largest producer at 620k barrels a day. It's basically the production of Pioneer. It's insane to think that Pioneer National Resources completely taking their production offline would not have a material impact on the global price of oil

>The US SPR releases are bridging a gap while US field production gets back to pre pandemic level.

Nothing encourages producers to produce more than having your government intentionally fucking with commodity prices. Rig counts have been down the past few weeks I believe.

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>U.S. BAKKEN OIL PRODUCTION FOR OCT SEEN UP 21,000 BPD AT 1.204 MLN BPD (VS 20,000 BPD RISE IN SEPT) - EIA RIG PRODUCTIVITY REPORT >U.S. EAGLE FORD OIL PRODUCTION FOR OCT SEEN UP 26,000 BPD AT 1.25 MLN BPD (VS 26,000 BPD RISE IN SEPT) - EIA

^First ^Squawk ^@FirstSquawk ^at ^2022-09-12 ^14:03:56 ^EDT-0400

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Oil field or rig work requires welding certs, correct?

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>I mean refinery capacity matters for the price of gas, oil is used for a lot more than gas.

gas makes up what? 30% of the oil market? 40%? actually quick google search confirms 40%.

>Refinery capacity was a big problem but it’s not as much anymore.

But even so, how would adding more oil to the system cure refinery capacity

care to elaborate that first sentence haha? Because that's the real bottle neck in the system right now. Making a new refinery also takes years and years so even if we "moon shotted go for it" trying to make new ones we'd be 5 years away from the first one coming online - if we were extremely lucky.

Also crude oil can be refined into more then just gasoline and we're one big demand jump away from oil going absolutely bonkers, China ending 0 COVID, particularly bad winter in Europe/America, or who knows what. As stated above unlike rig counts and fracking (where on the engineering side you can set up a new rig in 2 weeks) refinery capacity has been at its limit for a while a now and no matter how much more we pump that won't change.

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Problem's not the rig count its refineries, we're going to be pulling the SPR for a long long time or oil is going to go $8-$10 a gallon domestically while you'll just straight up have a hard time getting it in Europe.

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I worked at a body shop and the manager was a junkie. He kept his rig in the toilet tank in the paint shop. We all knew it was there. He would get his fix in two goes; step 1 he would setup his rig, step 2 he would come back and slam smack and chill. Some of the paint guys waited until they figured he had the needle in his arm and they slid some lady finger firecrackers under the door. Holy fuck was that scream loud. He snapped that needle off in his arm and came flying out of that shitter. Best day ever.

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>how many mining rigs could you buy?

You already own (several) devices capable of transaction processing, so it would irrational to buy a "mining rig". You could probably go raid an eWaste recycling bin and amass thousands of "mining rigs" for free.

Your breakeven would presumably still be infinite.

>you are excluded from mining altogether.

No. People who mine-for-the-sake-of-mining are excluded. Well. The rational ones. You could do the above until your electric bill bankrupted you, I guess.

>Is your point that excluding participation is good?

No.

>Are you saying that most people shouldnt be allowed to participate in consensus?

No.

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I encourage you to look at the domestic rig count. The petroleum reserve releases were to give the oil industry the time needed to recover from the pandemic. In covid the drilling rig count dropped by 75% and 200 oil companies went bankrupt. Our domestic rig count has recovered. International has a long way to go because international producers have basket cases for governments. But we will be fine.

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Trillion Energy International. I’m telling you. Look. It. Up. I’m up 50% right now. Drill rig is sailing to the destination right now. Multi-bagger.

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Trillion energy international. I’ve been talking about it all year. I’m up 50% right now and drilling hasn’t even started yet, but the rig is sailing across the Black Sea as I type this. You have about month before wells come online. It’s at $0.49USD right now. That will change extremely soon. 10 bagger and potentially way more. Due some DD and check it out.

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Oil field work.

Ocean oil rig work.

Underwater welding.

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Ye ole needle rig, spoon, & fent.

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Looks like they have the lowest debt position in years. This is what happens when you run the government. Someday the public will figure out that we only vote for puppets, the people and corporations that pull the strings rig the game.

https://www.macrotrends.net/stocks/charts/BLK/blackrock/long-term-debt

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Bro , the rig is up, take what u have left

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To make a statement like “NO one KNoWS” is dumb in itself. The market is rigged, the wealthy rig it to go up when they invest & when it starts to fall they all sell out “avoiding loss & hold cash until they all decide it’s time to buy again” sounds like roulette right? * facepalm

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Crypto isn't guaranteed to go in cycles, crypto follows the market and is by definition a ponzi scheme. Ask anyone (Russian oligarchs) who tried to cash out their massive bitcoin portfolios but couldn't, there simply wasn't enough liquidity at the exchanges (not enough actual dollars backing).

Also mining changes, yesterday's rig is useless tomorrow and vice versa. The profitability is closely tied to crypto price and electricity price, the former has tanked and the latter exploded. Last but not least big owners, real whales, like Russia and China already own a majority stake in popular crypto and thus are able to manipulate the market.

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Sorry. It's just that glass half full investing isn't my thing, esp with regard to weather. The US rig count is actually trending down (hard to believe), so additional supply is going to be tough to come by.

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Oh yeah, I absolutely buy toys to enjoy with the kids, but those aren't for me, they're for us. For example, we have a bike trailer, Legos, laptop for playing games together (my kids love Minecraft), video game consoles, etc. We get those as "family" gifts around Christmas, so it's budgeted for.

My personal toys would be things like a paramotor, motorcycle/dirt bike, high end mountain bike, etc. Those are things I'd use by myself, and I just don't have the time to properly explore those hobbies. I do justify things like lower end mountain bikes (for every 2-3 times/week), e-bike (to replace car for commute), and my Steam Deck (much cheaper than a high end gaming rig).

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>U.S. BAKER HUGHES TOTAL RIG COUNT ACTUAL: 759 VS 760 PREVIOUS >U.S. BAKER HUGHES OIL RIG COUNT ACTUAL: 591 VS 596 PREVIOUS

^First ^Squawk ^@FirstSquawk ^at ^2022-09-09 ^13:02:11 ^EDT-0400

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No such thing. There are permit requirements. That must be applied for in advance. But after permit is issued, there is no waiting period. It takes about 7-10 days of dirt work to complete the pad, 3-4 days to move the rig onto it, roughly 30 days to drill a single 16 thousand foot well, the average here. However it's rare that they only do one at a time. Typically these are done on multi hole pads. Usually will take 120 days to complete 6 holes. Then 2 days to rig down. After that, completions moves in. Roughly 30-45 days total to setup for frac, complete frac, and run tubing on 6 holes. Then there is another week of work to plumb into tank batteries and wire controls. That is without disruption due to incidents, or hangups in the availability of completions crews. So about 6-7 months per 6 wells if everything goes well, from permit issuance to flowing oil to market.

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He increased the rig count because it just cratered during covid. Rig count still hasn’t recovered to pre-2020 levels. Also, the left controlled the house and senate during covid and pushed the bills through that started the roll towards the inflation we enjoy today, led to the stay at home policies that disrupted business.

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No. Joe has increased the rig count.

Did you fail grade school math?

Joe started in 2021.

Joe has Doubled the oil drilling Rig count in America since Day 1 of Joe.

Trump left America with fewer oil drilling rigs than Trump inherited from President Obama.

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Rig count is only double the end of 2020 levels because of the covid drop. Look on a longer timeframe and you’ll see your arguments about joe increasing rig count is unfounded.

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Rig Count is more than double 2020 levels.

How can you blame Joe for the inherited fuckups of the previous president's Oil Recession?

Joe is just grinding away for 2 years straight to fix Trump's Recession.

It is what it is. JOE didn't make the oil crash in 2020.

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Look past one year timeframe on your chart. Rig count is still down compared to 2020 levels. What a joke. You obviously don’t care to actually want to attempt to understand things so enjoy living in your bubble.

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https://ycharts.com/indicators/us_rotary_rigs

Rig count.

Why is the Oil Drilling Rig count more than double today- compared to the oil drilling crash in Trump's presidency?

Joe Biden has issued over a Thousand more oil drilling permits than Trump did at this same 20 month milestone in their presidency.

Why do you choose to fear the future?

Why do you believe that America can't do 2 things at once?

You really think America can't Walk and Chew Gum?

You seem really afraid and helpless.

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I don’t think I’m a year late, I think you were a year early. A year ago all they had was a hell of a hype train. Now they have 3 wells with results coming out on the 19th. Shits gonna pop and they have exclusive rights to the entire Botswana basin. They’re already prepping the next 5 or 6 wells, own their own rig and are fully funded.

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>Problem is they won’t let them get it right now.

Dude. That's Capitalism.

Your hypothesis that "they won't let them" is bullshit.

The only people holding back the oil industry is the oil industry!!!! The capitalists don't wanna commit more capital because they already invested a trillion dollars

There's 8,000 unused oil drilling permits.

The current president-Joe Biden- has issued more oil drilling permits than the previous president did at this point 20 months into their presidency- Joe has Already issued more permits than Trump... BY OVER 1,000!!

America's oil drilling Rig count has more than Doubled since Day 1 of Joe Biden's presidency.

https://rigcount.bakerhughes.com/

Here's a chart. For your lying eyes.

https://ycharts.com/indicators/us_rotary_rigs

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I'm not invested in fracking companies. I'm currently invested in BP, some shell, Baker Hughes and Schlumberger. So far in this boom cycle producers have seen all the benefits... The people who sell the picks and shovels (Nov, schlum, Baker, Halliburton, weatherford ect...) haven't because the rate of new drills coming on hasn't been as expected at this level of oil price.

Years of under investment in drilling and completion and next phase I believe is more investment in drilling and that's when rig providers, service companies win

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