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Old Apr 13, 2022 | 12:12 PM
  #21  
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Originally Posted by oh1vette
You right wing guys really need to get the facts"

"Fifty-nine percent of oil executives said investor pressure to maintain capital discipline is the primary reason publicly traded oil producers are restraining growth, according to a Federal Reserve Bank of Dallas survey released Wednesday"

"oil companies are under enormous pressure from Wall Street to return cash to shareholders through dividends and buybacks, instead of investing in badly needed supply"
Right wing? No, none-Leftists.
All publicly traded companies work for their shareholders, that is the corporations first duty, are you suggesting this just started Jan. 2021? (Dec 2020 avg gas price $2.12)
Wow, you really cherry picked that article to find those couple lines above, work for CNN, MSNBC?
You left this part out:

Special Questions Comments

Exploration and Production (E&P) Firms

  • The industry is facing serious supply issues for the materials needed to grow production. The supply-chain issues and shortage of materials are unprecedented. We are also facing serious workforce issues because a meaningful portion of the labor force left the industry during the downturn and due to the vilification of the oil and gas industry. The message from the White House, Capitol Hill and Wall Street has been that oil and gas is a dying industry and one that needs to be abandoned. Even if funding were available and supply-chain issues were resolved, it is unlikely that the labor shortage will be resolved any time soon and simply by paying higher wages.
  • Traditional lending and capital markets access for exploration and production companies are down across the board over the last several years and historically low compared to the commodity environment we are in today. Private-equity capital for oil and gas is down 70 to 80 percent over the last several years. Is this a response to low-carbon and/or ESG-related interest by banks and investors, or is it in part to the market adjusting to an administration that made it clear from day one they do not support new oil and gas development and have put appointments in key agencies in place that support this view? It is probably both, but that still tells smaller public and private independents that they cannot rely on external capital, and that they should restrain their budgets accordingly, at a time when supply growth would certainly help. Exploration and production companies need to keep engaging on why responsible oil and gas development and growth in energy-transition technology is the right combination to give consumers the best outcome, so there is more bipartisan support for sound energy policy.
  • The U.S. needs to increase production by about two million barrels per day to balance global supply and demand in 2023. It is looking unlikely that this will happen, which will result in sustained higher energy prices until the American consumer is pushed into a recession. The industry leadership continues to be lackluster, swinging from demands for proration in 2020 to demands for the administration to call them to increase production in 2022. The compelling future of the upstream business needs to be to grow production to meet worldwide demand during the energy transition while maintaining returns on capital employed and the world’s highest environmental, social and governance (ESG) standards. Unfortunately, no leaders have this thesis.
  • My business has changed drastically due to the hostile political situation in Colorado toward the oil and gas industry. In the first quarter of 2021, I divested all properties in the state of Colorado due to the unbelievably hostile and increasingly aggressive regulatory environment driven by anti-fossil-fuel ideology. This has created an unstable and unpredictable place to do business in Colorado. The administrative state, driven and encouraged by the governor and legislature, has been given carte blanche to become judge, jury and executioner of the oil and gas industry.
  • The U.S. needs to fast track infrastructure, such as the Keystone pipeline, Mountain Valley pipeline, Constitution pipeline and liquefied natural gas export facilities and eliminate the Jones Act. Regulation is significantly hurting and hampering U.S. energy production. Safety and environmental standards in the U.S. are better than in major exploration and production areas internationally. The U.S. needs to prioritize U.S. energy and the U.S. supply chain.
  • Investors dumped huge funds into shale drilling only to discover that when oil prices dropped, very little value existed at the end of the day. Investors have demanded restraint and capital discipline of their client companies. Government posturing and increased regulations are severely hampering the entire industry. Permitting roadblocks and politically emplaced barriers should be removed as this is dampening the willingness of anyone trying to bring new investments to the industry, regardless of that investment being for a private or public entity.
  • Publicly traded companies need to see the West Texas Intermediate crude oil strip-price backwardation muted before they will consider growing again.
  • The probability distribution of prices is now more weighted toward lower prices for several reasons. First, at some point, the Russia–Ukraine war may cause demand destruction. Second, renewed city shutdowns in China indicate that COVID-19 could cause another recession in conjunction with the impacts of the Russia–Ukraine war. Third, a return to “normalcy” without precautionary buying due to the Russia–Ukraine war will remove some of the added demand that has fueled higher oil prices over the past several months.
  • U.S. government actions and intentions are not helping U.S. producers to increase domestic oil and gas supplies appreciably.
  • Increasingly onerous government regulations and/or policies regarding upstream, midstream and downstream (refining) operations have made it difficult for companies in these sectors to make money. Geopolitical risk and concern about higher taxation have also impeded activity.
  • Supply and demand are now subjected to significant domestic and international political and market conflicts and disruptions, resulting in a significant challenge to develop credible strategic assessments and planning. This has resulted in a preference for risk avoidance with respect to strategic capital commitments.

Oil and Gas Support Services Firms

  • We have the rigs but can’t find employees. However, oil companies have to understand that oilfield services and, in particular, onshore land drilling contractors have to be paid a livable rate to justify the enormous capital cost of running, upgrading and crewing a modern onshore drilling rig.
  • The lack of people to work, and the delivery and cost of pipe, frac sand, cement, etc., are all concerns for our business. It will take quite of bit of time for growth to happen. There is also investor pressure.
  • I feel that the primary reason that publicly traded oil producers are restraining growth despite high oil prices is a two-headed monster, with capital discipline and governmental regulations due to the green progressives in the administration’s ear.
  • The answer to the primary reason that publicly traded oil producers are restraining growth despite high oil prices is a combination of investor pressure, ESG issues, government regulation and lack of growth capital. It was difficult to say any of those were the primary reason. Spending will increase with improved cash flow, but I don’t see companies raising capital and going into debt to invest in production growth.
  • Discipline continues to dominate the industry. Shareholders and lenders continue to demand a return on capital, and until it becomes unavoidably obvious that high energy prices will sustain, there will be no exploration spending.
  • In this upcycle, investors have made it clear they wanted to see discipline from all players. So far, E&Ps for the most are exhibiting capital discipline. A significant part of E&P capital spending growth this year (2022 versus 2021) will be consumed by cost inflation as the cost for all inputs continues to increase against a backdrop of supply-chain challenges and limited incremental equipment being reactivated (due to fiscal constraints and manpower challenges within oilfield services and related suppliers).
  • The administration is still restricting our control on how we operate our wells. We are governed by the Texas Railroad Commission, which is enough authority over us. The administration has no clue about the oil and gas industry.
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Old Apr 13, 2022 | 12:15 PM
  #22  
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Originally Posted by MWWarlord
Is there something wrong with your stock radiator? If so, this could be a good choice to replace it. However, it's not going to be a significant improvement over the OEM radiator. If you're looking to actually improve radiator performance, you would need to step up to the $750.00 version that walleyejack posted. Alternatively, you could get a DeWitts. As I said if something happened to your OEM radiator, this is a good option, just don't expect to see cooler temps from it.
My impression was the only difference between the two was the finish. No?

If I was inclined to spend $750, I would definitely go with the DeWitts!

Here in FL the engine is exposed to ☢️ nuclear level temps. After a drive around town my hood is very hot to the touch, so I want to bring the temps down. Thinking tuning fan ops lower and higher capacity radiator. Don’t need a pile-on about high stock temps, not going crazy, just want to drive without one eye on the temp gauge.

Lets see what comes out of this discussion, but right now a $800 radiator is off the table, and the ECP is looking better all the time. We’ll see how far my fiscal responsibility goes…🙄

Last edited by vette4fl; Apr 13, 2022 at 12:26 PM.
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Old Apr 13, 2022 | 12:40 PM
  #23  
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Originally Posted by vette4fl
My impression was the only difference between the two was the finish. No?

If I was inclined to spend $750, I would definitely go with the DeWitts!

Here in FL the engine is exposed to ☢️ nuclear level temps. After a drive around town my hood is very hot to the touch, so I want to bring the temps down. Thinking tuning fan ops lower and higher capacity radiator. Don’t need a pile-on about high stock temps, not going crazy, just want to drive without one eye on the temp gauge.

Lets see what comes out of this discussion, but right now a $800 radiator is off the table, and the ECP is looking better all the time. We’ll see how far my fiscal responsibility goes…🙄
Fwiw it’s not much cooler here, and I also wasn’t a big fan of 230* temps all the time. I have the stock radiator with fans set to come on earlier. I’d try that first and see how you like it before jumping to a new radiator
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Old Apr 13, 2022 | 01:34 PM
  #24  
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I agree that tuning the fans might be a good option for you. My car is supercharged, between the intercooler, and having the fans tuned to come on sooner, my temps stay pretty cool even when outside temps are over 100 degrees (which we do get some of here in VA).
Also, I take back what I said about this being the same as stock. Now that I look closer, it does appear to be the same thickness as the more expensive model. That's the thing about the Dewitts. Not only are they great quality, but they are much thicker than the OEM unit. This allows them to work more efficiently.
The other thing is to really clean your stock unit before you make any changes. You'd be astounded at how much crap can get stuck in there. Keeping the radiator and condenser clean will make a big difference when it comes to IATs.
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Old Apr 13, 2022 | 02:29 PM
  #25  
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I’ve done the cleaning bit, and there was some small amount of debris but very little.

An extra gallon of coolant going through a double row radiator is going to be a superior temperature control option, provided it is durable, and ECP has good reviews on this forum going back over a decade. The BeCool probably has better materials and workmanship, but the difference may be moot in my 2000 mile a year neighborhood driver.

It’s just that I prefer to have a margin of overkill beyond just barely making a system work….
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Old Apr 13, 2022 | 07:37 PM
  #26  
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I’m still on my factory radiator but had considered aftermarket when the time comes.

Wow, those are expensive!

Was just looking up new aftermarket radiators on my 1965C10 truck and see prices from just over $100.00 up to over$500.00

Is this a corvette tax?
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Old Apr 13, 2022 | 07:41 PM
  #27  
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Never mind the corvette tax, just looked up Dewitt’s for my truck!

Edit, that price includes a fan, without fan and for automatic 1963-1966 C10 is $819.99


Last edited by 1999corvettels1; Apr 13, 2022 at 07:52 PM.
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Old Apr 13, 2022 | 07:43 PM
  #28  
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With all the discount websites rockauto, gmpartsdirect etc that sell oem parts at dirt cheap prices, the “corvette tax” is a term that has become obsolete.
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Old Apr 13, 2022 | 08:44 PM
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Originally Posted by 1999corvettels1
Never mind the corvette tax, just looked up Dewitt’s for my truck!

Edit, that price includes a fan, without fan and for automatic 1963-1966 C10 is $819.99
ECP Taiwan radiator for $297.

https://speedcooling.com/product/196...inum_radiator/



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