"Dear OPEC … Thank You."
[EDITOR’S NOTE: Sometimes, mistakes happen. And amid the flurry of feedback and testimonials we receive at BanyanEdge@BanyanHill.com, we find messages that have clearly been sent in error. One of those messages appears to have come from a U.S. shale oil executive who accidentally copied our email address. But we still thought his idea was worth sharing. Read on for his unedited letter… ]
Dear OPEC,
(Care of Secretary General Haitham al-Ghais)
I’m writing this letter to express my deepest gratitude for the gift OPEC has given our American shale oil & gas industry these last few years.
Despite your organization’s dubious reputation, you have demonstrated nothing but selfless generosity since October of 2022.
I appreciate that we haven’t always seen eye-to-eye.
Your 1973 oil embargo still stings in the memory of many of my countrymen.
But without you, neither I nor the rest of my shale industry would even be here.
Since we first took root in 2008, the US shale industry has grown production to over 9 million barrels per day.
That’s almost three-quarters of America’s total oil production!
Can you believe it?
Thanks to booming shale production, America is now the biggest oil producer in the history of the world.
And since you helped keep our boys so focused on the bottom line, they’ve gotten costs down below $80 per barrel.
From what I understand, that’s even lower than what you’re paying right now.
But then you really went and outdid yourselves …
And in October of 2022, you announced that you’d be giving away $180 milllion per day.
Of course, the media always likes to spin these things. They called your gift a “production cut” (wink, wink) but we all knew what you were doing.
You knew our American shale industry was growing like wildfire.
And you wanted to give us a little gift for all the fond memories we’ve made together.
After all, there’s no way your officials could’ve thought those outdated production cuts would actually work…
Any sober official would’ve known that you’re effectively just asking your member states to give money away.
So the only conclusion, once again, is that you’ve decided to give us a wonderful gift.
Rest assured; we’re making the most of it as we speak.
American shale production grew by a million barrels a year in 2023. Thanks to your production cuts, we had plenty of eager buyers.
And we’re hoping to grow even faster this year.
The shale industry is an all-American miracle, and a success story most investors still haven’t noticed.
But we are so glad that you noticed, OPEC.
Whether you realize it or not, your efforts have continuously helped us refine and grow this exciting new industry.
Even though shale production could put serious pressure on your despotic petrostates …
Even though our success will erase the oversized political influence of Saudi princes and foreign dictators…
Even though you’re effectively destroying OPEC’s future to ensure the success of American shale…
You still decided to help.
It’s a selfless sacrifice that I could not appreciate more deeply.
Unfortunately, I doubt my own countrymen will show you the same selfless generosity. But you’ll always have this letter as a testament to my undying gratitude.
You might want to print it out.
OPEC’s Biggest Fan,
[signature redacted]
Your replacement in the US Shale Industry
P.S. Care to share your own “unusual” opinions? All are welcome here under the Banyan Tree! Shoot us an email at BanyanEdge@BanyanHill.com to tell us what you think about OPEC, energy investing, stocks or just about anything else. Just please include a name and any trade details so we can give you proper attribution.
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