- The Oil Patch
- Posts
- 🛢️ Renewables...Gone with the Wind
🛢️ Renewables...Gone with the Wind
Exxon to Boost Production in 2025
The Oilman
December 17th, 2024
Good morning, here's what the Oilman has for you today:
Exxon Plans Major Oil Production Boost
Exxon will increase crude oil production by 18% over the next five years.
Despite gloomy predictions, demand seems to be thriving.
Exxon wants a bigger piece of it.
ExxonMobil’s Global Outlook
By 2050, growing population and rising prosperity in developing nations drives:
* Global electricity demand to nearly double.
* Energy demand for transportation to grow by more than 20%.
* Energy demand for industry to grow by 20%."Under any… x.com/i/web/status/1…
— Matt Lofgran🛢 (@mlofgran)
4:47 PM • Dec 11, 2024
Go Premium to read the rest…
This Holiday Season, Give Yourself the Gift of Nike Air Max.
This winter, take your footwear game to the next level with Nike's Air Max collection for men. With a diverse range of models, this collection prioritizes comfort and functionality, perfectly tailored to meet your everyday needs. Whether you're hitting the gym or heading out for a casual outing, these sneakers deliver the support you crave without compromising on style.
Find the perfect pair that matches your lifestyle and get ready to make a statement with every step. Treat yourself to a fresh pair from the collection this holiday season—you deserve it.
Fixed-Rate Returns for Accredited Investors
How does it work?
You purchase a bond from ROX Energy Capital
You are now a bondholder with the right to receive a 10% fixed annual return — payable monthly.
ROX Energy Capital Buys Working Interests
Bond proceeds are used to purchase non-operated working interests in oil and gas properties. ROX Energy Capital receives the recurring cash flow from these “non-op" working interests for the life of the asset.
You get paid
Bondholders receive their monthly interest payment from ROX Energy Capital for the term length of the bond.
Learn more at ROX Energy Capital
Europe’s Supermajors Pull Out of Renewables
Shell and BP are quietly shifting away from their transition business.
Wind, in particular, has failed to live up to the hype.
It’s a sign of a tentative return to reason for the industry.
Besides poor returns…this:
Keep repeating:
"Wind turbines are green and environmentally-friendly."
"Wind turbines are green and environmentally-friendly."
🙄
— Wide Awake Media (@wideawake_media)
2:41 PM • Dec 13, 2024
Go Premium to read the rest…
Tweet of the Day
2001: Global War on Terror begins because middle eastern terrorists hijack passenger airplanes
2024: Middle eastern terrorists get their own passenger airline
— Oilfield Rando (@Oilfield_Rando)
2:51 AM • Dec 12, 2024
Thanks for reading today’s Oil Patch!
Stay oily, my friend.
Two quick requests before you go:
If you found this useful, forward this email to a friend to spread the word. đź‘Ť
Take 1 second to answer the poll below 👇👇
What do you think of today's edition? |