[Editor's note: A version of this story appears in the December 2021 issue of Oil and Gas Investor magazine.]
A precision strike in November created a large debris field in orbit around the planet.
This is not a reference to the reckless weapons test by the Russian Federation that shot down a decommissioned satellite (putting its own astronauts in potential danger) but of course recent comments by Occidental CEO Vicki Hollub.
Hollub’s was asked in mid-November about President Joe Biden’s recent pleas to OPEC+ for an oil production increase. Asked by CNBC about whether Biden had made a misstep reaching out to the cartel instead of U.S. producers, Hollub said she personally would rather have made a local call than dialing long distance. We’ll pause here and let the under 30 crowd Google “long distance phone calls.”
“I think first you stay home, you ask your friends and you ask your neighbors to do it. And then if we can’t do it, you call some other countries,” CNBC reported Hollub as saying at an energy forum … in Abu Dhabi, the capital of the United Arab Emirates.
Speaking of rockets, the fourth quarter shot off with a couple of large deals, including Southwestern Energy’s purchase of GEP Haynesville LLC for $1.85 billion. Combined with Southwestern’s earlier purchase of Indigo Natural Resources, Southwestern will have spent a combined $4.55 billion in Louisiana when the GEP deal closes.