I've lived in Amarillo twice, sitting in Midland now - - and in Amarillo I could wave at neighbors in KS
- - so a passing familiarity with high plains wind conditions and I'm guessing this percentage drops when wind speed is less than 9mph. "Calm" may be rare, but it does happen, and it requires either a backup or absence of service. What does KS do? (TX fires up a gas generator.)
^Accurate and succinct. I'll only add that EV builders love $100/bbl too. (
banned) has publicly gushed over $8/gal (@pump >> $170/bbl, give or take). (
banned) has reportedly exercised $1.5M in options in EV stock - due to $100/bbl; guessing (banned) love it too. I bet they all REALLY love $120/bbl?
I'm in a building with ~800 young smart energetic people, flogging another 4000-8000 service contractors (fluctuates daily), all trying diligently to get production up (= the price down!!) - with strenuous encouragement from management. Believe it. Or not.
FWIW, I'd like to see oil at $70-$75/bbl - high enough to warrant investment; low enough to minimize drag on the world economy.