Bart Cahir & Houston Producers Forum

Global Oil Market, today 3/22/26

Selected Markets:

Russia Ural oil $89.12 +7.48 (Previously $40 when sanctions began. This is how Trump is halting funding of the Russian war against Ukraine and us. That's a different story for another time.)

Russia Sokol oil $105.42 +3.05

Mexico Maya $83.60

Central Alb Cdn $87.40 Canadian$?

Peace Sweet Prem $87.55 Canadian$?

Arkansas Sweet $87.50

S. Texas $79.87

W. Texas $88.27

Tex Gulf $86.37

S Tex Lt $86.50

Kansas $82.97

OPEC Monthly

Arab Lt $68.40

Bahrain Lt $66.77

Bonny Lt $71.96

Kuwait Merey $52.31

Kuwait Exp $66.61

HOT TOPIC

The American Corporate energy industrial complex is a disgrace, driven by greed. I've never seen the US market increase oil costs to consumers by about $1.00 in just one month. Soon, gas prices will hit $5.90/gallon. Trump's actions have exposed US Corporations' moral and ethical failings. I'm navigating through tough waters in Texas. This is the true value of the US Corporate Status Quo today—one dollar. Where are the voices of US Corporate Boards of Directors and Trustees?

Share your thoughts and comments here.

Now, focusing on where I want to be mentally—March 17, 2026, with Bart Cahir of ExxonMobil and his insightful presentation. What sets Bart apart is his focus on crucial aspects of ExxonMobil operations, presenting with clarity and precision. He wastes no space, allowing me to delve into details as I wish.

Bart offered a clear view of ExxonMobil's position in the Permian, regarding crude production forecasts from today to 2040. Many unpredictable events lie ahead, beyond our control, while politicians remain oblivious. They fail to distinguish between foes and allies, mistreating allies and promoting enemies. The Biblical 40 pieces of silver are still in play in the Oval Office.

Returning to Bart's presentation on pipeline growth and doubling capacity, I pondered the ∼20% increase in recovery and the potential gap it creates. Years ago, I researched pipeline infrastructure, estimated at over $48 billion over the next decade. Industry projections focused solely on new pipelines, not routine maintenance. How much of that estimate remains, and how does it impact ExxonMobil's positioning?

Assuming six years remain, an industry magazine suggests $28.8 billion is left. I wonder if Bart's forward projections include this figure from US pipelines.

I planned this segment of the MidStream alongside other pillars supporting the entire energy sector. I designed the "Columns" prototype to help create my comprehensive Strategy Plan for VANGUARD, each column offering multiple options.

Bart's triple-part chart—Early Stage, Near Commercial, In Deployment—aligns perfectly with my 2019 plans when I developed these Columns and Quads. Impressive!

At the end of Bart's excellent presentation, the focus on Infrastructure Takeaway and Macroeconomics and Consolidation piqued my curiosity. Raised on American Industrial Revolution ideals, I find ExxonMobil too rigid. Bart's presentation suggests ExxonMobil wouldn't have thrived during the American Industrial Revolution. The Corporate Status Quo has frozen ExxonMobil in paranoia, fearing loss of current gains. This is far from my dreams of American Industrial Glory.

It felt like Voyager 2, after 50 years of silence, turning toward Earth and sending new data despite its outdated technology. What else will Voyager 2 reveal?

Overall, Bart Cahir did an outstanding job. The active Q&A session afterward was a positive sign for him. I'll stop here, as I often struggle to know when to end.

I appreciate you comment on this post on the oil prices at pump jump over a dollar as soon as B-1 drop first bomb in Iran. What is your view on Bart's presentation?

Truly yours,

Czes’ Zalech

PS

I thoroughly enjoyed and appreciated my conversation with Bart after the official session

concluded.