One Can't Tell Me Warren Buffett Didn't Know This -- October 4. 2022

Link here.

From HartEnergy:

• details:
• Gomez field
• 22,124 contiguous net-acre position
  
• estimate: between $100 million and $500 million
• average daily production: 1,280 boepd
• next 12-month cash flow estimate: $7.6 million
• at mid-point, $250 million
• $250 million / 22,124 acres = $12,000 / acre
• $250 million / 1,280 boepd = $20,000 / boepd

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Governor Newsom And California

Normally I don't post links to ZeroHedge, but this is a great op-ed. 

Link here.

From the article:

Tax hikes to lower gas prices? Bring them on.

California Gov. Gavin Newsom is lashing out at oil companies who he says are “fleecing” Californians with gasoline prices that are rising disproportionately in the Golden State.

“The fact is, they’re ripping you off. Their record profits are coming at your expense,” Newsom said in a scathing video posted to Twitter Friday in which the governor called for a new windfall tax on oil companies.

 Let’s look at the cost of gas at the California pump again.

 A report from Stillwater Associates last year found that California consumers were paying an extra $1.19 a gallon. This year the added costs include a 51 cent state excise tax, an 18 cent sales tax, 20 cents for Fuels Under the Cap, part of the state’s corrupt environmental cap and trade program and 17 cents for the Low Carbon Fuel Standard.