Chevron Executive (Parody)

Chevron executive parody account. Making my volumes the safe, clean, and responsible way. Reppin mid-con, we got it goin on, yeah we number 1.

[David Asman @DavidAsmanfox]

The avg cost of electricity in the US is about 18 cents per kilowatt hour. In NY, it’s 28 cents a KWH. In Cali, it’s 34 cents. But in Texas folks pay just 15 cents per KWH… And Gov-elect Hinojosa wants to blow up this sweet deal with a price freeze?! Do Texans realize she may be leading them down the road to serious energy shortages?
https://t.co/V1WcLfdGyZ

[Chevron Executive (Parody) @ChevExec]

@grok @allengilmer @TennisonEddie So less inflation in energy than everything the government intervened in?

[Dominic Pino @DominicJPino]

In the private sector, making a loan to someone who is unlikely to be able to pay it back is called "predatory lending."

In the public sector, it's called an "affordability measure."

[Marty Bent @MartyBent]

ERCOT's free market for electricity has created an environment that keeps Texans' electricity rates well below the national average.

This policy would do incredible damage to the market ERCOT has created.

[Devorah Sasha 🇺🇸🇻🇪 @devorahsasha]

Con todo respeto, debo aclarar esta publicación para los venezolanos, Secretario.
Por favor, tomen en cuenta lo siguiente 👇👇👇👇:
Se trata de un Memorando de Entendimiento (MoU) no vinculante, a menudo descrito informalmente como un memorando de intenciones o acuerdo preliminar.
ExxonMobil y PDVSA lo firmaron el 9 de noviembre de 2026. Es únicamente un acuerdo para evaluar y analizar posibles oportunidades en el sector upstream (exploración y producción) de petróleo. No:
•Compromete a ExxonMobil a realizar ninguna inversión ni gasto.
•Menciona campos o proyectos específicos.
•Establece metas de producción, plazos ni montos en dólares.
•Genera obligaciones legales vinculantes.
La propia declaración de ExxonMobil es medida:���“Este memorando es un primer paso significativo, pero cualquier inversión futura requeriría políticas estables, regulaciones claras, fuertes protecciones a la inversión y retornos competitivos”.
Aún se necesitaría un contrato final de empresa conjunta (joint venture) o de producción compartida antes de que pueda iniciarse cualquier trabajo real de exploración o producción.
En términos sencillos
Un MoU es una declaración firmada de interés y un marco para continuar las conversaciones. Es una práctica común en el sector energético como paso inicial, especialmente en entornos políticamente complejos. Señala que ambas partes están dispuestas a estudiar la oportunidad, pero no es un acuerdo ni un compromiso de capital. Las compañías (particularmente aquellas con historial previo de expropiación, como es el caso de Exxon en Venezuela) utilizan esta etapa precisamente porque les permite mantener abiertas las opciones mientras evalúan los riesgos.
El lenguaje de la empresa y el carácter legal del documento son limitados: se trata de un primer paso exploratorio condicionado a mejoras adicionales en el clima de inversión.

[Stephen Lacey @Stphn_Lacey]

I will forever judge influential people by this moment. Either you stood up for a real affordability strategy and the only serious plan to get streamline clean energy, or you stood for a partisan fantasy. This is not what Americans just voted for.

[John Arnold @johnarnold]

IDK about you, but had I spent 6 months campaigning on affordability and then had a vote a week after the election on whether the Senate should open debate on one of the biggest ever energy affordability bills, I'd have voted yes. But maybe that's just me.

[Teddy “Trican-Jesus” Gambino @TeddyGambino]

$EOG traded almost 2X ADV, went out at HOD

$DVN traded about 50% above ADV, went out near HOD

EOG ER’s are lacking details regarding individual US basins production breakdown. I caught a DM this summer that said their EF div is producing sub 100k of oil p/d, huge as they were one of the early players w/top rock. The undisputed king of Lea County, which looks to have plateaued, I’ve got EOG running out of Tier 1 Permian in H1 2027.

EOG bought Yates Petro to enter the Permian in 2016, bought Encino to enter N Utica in 2025. Dinky deals relative to their peers, EOG known for organic growth, not deals but they’ve wiffed on several US shale prospects since 2017.

Does EOG just ride the oil production rollercoaster into the ground or do we FINALLY see EOG execute a size merger deal? $DVN would be an almost perfect fit.

[Chevron Executive (Parody) @ChevExec]

@EnergyCredit1 With the state level senate held by Republicans, Texas will remain open for business and campaign promises such as draining the emergency fund to hand out $1,500 checks will likely fail. https://t.co/ZcCMV1qIXM

[Ron Nehring @RonNehring]

I just bought a $1999 refrigerator.

It would have been about $1649 if not for the federal tariffs tax which I (not “South Korea”) paid.

I also paid $155 in sales tax.

Total cost $2154. Of which 25% is tariff tax and sales tax.

To pay for it, I had to earn $3,420 in gross salary, of which $1266 went to fed and state taxes.

So for $3,420 in labor I got a refrigerator worth $1,649 (48%).

52% went to the government in taxes.

[Pat Wood III @patwood3]

Texas residential electricity rates in the competitive areas are the SAME as they were on the last day of regulation (12/31/2001): 10.2c/kwh. That’s a 48% real decrease, accounting for general inflation. Muni/coop rates are also low. @GinaHinojosaTX #txlege #affordability

[Chuck Yates @nimblephatty]

Silicon Valley, you're about to find out what it's like to be an oil company.

Everybody wants your product cheap. Nobody wants your plant next door. Then the price goes up and you're the asshole.

Compute is the new gasoline.

Latest Old Man Coffee. Link in the first reply.

[Ryan Shull @RyanShull1]

Imagine telling these men we can drill a horizontal horse shoe well now

[Brad Hargreaves @bhargreaves]

Some dude in California running a 3-person company got voters to give him $4.2 billion by authoring a ballot measure, which passed

[Real oilfield jobs @rigfriends]

After 20+ years in the field I've noticed a big change in cost and getting jobs done the cheapest way possible. It's honestly sad that the real cost is hiring the amateurs with more risk at hand.

[John Arnold @johnarnold]

Dems won by focusing on affordability.

As it happens, the Senate’s first vote when it returns Tuesday will be on a bill to lower energy costs by modernizing the permitting process. It will be first test of whether affordability is a governing priority or just a campaign slogan.

[JD Vance @JDVance]

One of the things the data analysts on our side obsessed over was "composition"—whether the electorate looked close enough to 2024 for Republicans to win. And despite polls that showed a Democrat blowout, the data kept on telling us the same story: in some states turnout was merely OK, in other states it was downright amazing, and in no state was it catastrophic. There was a genuine sense of optimism on our team: our people were showing up.

So, I asked the smartest data guy I know, does that mean we're going to shock the world? "No," he told me. "We might do better than the polls suggest. But the data is telling us that a lot of Trump/Vance 2024 voters are pissed and planning to vote for the other guys. Our voters are turning out, but they may not vote for us."

Well, that looks prophetic now. Our voters did show up. In Florida, for example, the electorate was 9 points more Republican than Democrat, just a couple points worse than 2024. Undoubtedly there were places we could have done better on turnout. But the main problem is not turnout. The main problem is that many people who voted for Trump/Vance in 2024 voted for Democrats in 2026.

There will be a lot of infighting and arguing over what happened and why that is. One of the pollsters I really respect told me that our economic messaging wasn’t sharp enough down the stretch. I’m sure that’s true.

But the real reason we lost is obvious to almost everyone.

Another pollster—one of the smartest people I know in politics, told me yesterday we’d lose the generic ballot by 13 points. I felt negative going into Tuesday, but even I was shocked by this. In his polling, he saw that a lot of Trump 2024 voters were angry and planning to vote for Democrats. He asked those voters who had abandoned us what would cause them to come back on our team. The top four answers, accounting for nearly all of the responses were:

1) End the war
2) Focus on cost of living/inflation
3) Put America First
4) Change our relationship to Israel

Our voters showed up. And the above four reasons are why many of them voted for Democrats. This is according to a pollster who nailed the results. While many spent Monday attacking Rachel Campos Duffy for calling for a diplomatic resolution to the conflict, it turns out her political advice was sound. (She’s also a great person.)

In the next few months, there's going to be a lot of gaslighting. Expect to hear any number of establishment politicians say the solution to our woes is amnesty. I'm open to the idea that we should change enforcement—by focusing more on businesses that hire illegal labor, for instance. But anyone pushing amnesty is lying to you.

The reason we lost is the war. The president himself said so last night.

If you'd like to argue it was worth it, that losing the Senate for the next 6 years was worth it, then do so. Argue it was a worthwhile cost to pay. Agree or disagree, that's at least honest.

But everyone knows why we lost. And any honest conversation about where we go from here must start there.

I remain hopeful about our country. To the people who are pissed off and want to say, “I told you so”: you’re right, you did tell us so. Take that energy into electing Republicans who share your worldview. To the people who are just pissed at the results, you should be. Let’s take that anger and get back to the work of saving our country.

[Chris Freiman @cafreiman]

It looks like the elections were largely a referendum on affordability, but unfortunately neither party seems particularly interested in deregulation, which is the most effective way to bring costs down.

[Euwyn @euwyn]

Elon Musk says the AI boom will hit a WALL by the end of 2026.

He says the whole industry is about to learn a hard lesson in hardware.

Chip output is exploding, but electricity is nearly flat everywhere outside China.

So the two lines cross this year.

He says by the end of the year, we will be making more AI chips than we can actually turn on.

Millions of them pile up with nowhere to plug in.

In his words, the bottleneck for the next year is not chips, it is raw power.

Whoever can turn on the most chips fastest wins the race.

In the end, the AI race comes down to one thing:

Raw electricity.

— Elon Musk (.@elonmusk) on Dwarkesh Patel's (.@dwarkesh_sp) podcast