🛢️ Dad Joiner: Millionaire of the Week

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Good morning, here's what the OilPatch Team has for you today:

Millionaire of the Week: Columbus Marion Joiner

The serial fortune maker

Columbus Marion “Dad” Joiner was the man who discovered the East Texas Field.

But before that, he first lost a fortune he made from real estate.

One of the most colorful wildcatters was a jack of all trades.

He used to be a lawyer—even though he never studied law.

He dealt in real estate.

He also served at the Tennessee House of Representatives for a while.

He was also a farmer at one point.

And then he got the oil bug.

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EIA Expects Less Oil Growth

U.S. oil production will grow by just 300,000 bpd this year.

This will further slow down to 100,000 bpd in 2026.

All because of weak demand, the EIA said this week.

But you know what? The EIA has been wrong before.

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