Matt Randolph (Mr Global)
๐ค SpeakerAppearances Over Time
Podcast Appearances
That means you're no longer feeding it things to prevent corrosion and wear and all.
So you get a lot of buildup of waxes and paraffins and stuff and pipelines and separators.
And so it's just a very tedious, long process to get it back going.
Uh, but as far as shutting in a well and then just opening it, you know, it doesn't hurt the quality of the reservoir.
It doesn't damage anything like that.
I've, I've heard that a lot too.
I don't really know exactly where that comes from.
It's not really a thing.
And that's a fair question.
I just I don't think it's this has been in place long enough with, you know, the subsidies going away.
And I don't think it's been in place long enough for it to would have had an impact on us right now.
But you can't deny that the world would need roughly three to three and a half million more barrels of oil a day right now.
if it wasn't for EVs.
That's how much global oil demand EVs have removed.
So if there were no EVs,
we would be in a shitload of trouble.
Like, yeah.