there on the so-called permian basin.they really happen 56% of all gas. it happens so now they have gas pipelines there, they are actually packed to capacity. there is room for maneuver for about 2%. that is, these stories, where the gas will come from. and you understand that it rests simply on the fact that you will not pump out this gas from there, by the way, physically. that is, you can say whatever you want about the lng infrastructure that you can deploy, naturally, gas receiving terminals, but the problem lies in these gas pipelines, and five of them, for example, are the same for the chamber. you know that they have environmental requirements, that is, in relation to it, it was accordingly, and it was hammered into the court decision. this means that this issue will be resolved until at least autumn. the republicans will not come in the fall. they will try to push through this law; all the rest will put pressure on the baidan. and for at least a few years, this process will, as it were, wrap up, that is, the prob

i said that stas shelest killed a permian. you can't hear well, wait. shelestnaya, in her words, the actual owner is further stas's father gave it to him, but designed it on a chebur. and who is his father, it would be good for us to know something, and not only for you ivan petrovich it's you i accept. stas very carefully concealed his biography, more than anything else he was afraid that his secret would be revealed. and then it will be possible to put an end to the career. that is why they took several of chudovsky’s office and tried to destroy all the documents. he was engaged in illegal activities. he was shot, you are his beautiful wife and son stas shelest . did not want anyone to know that stas was the son of a criminal of no institution. and what future at best vocational school a guy with ambition. for this, he even divorced his wife. loved her immensely. he entrusted his best friend not only with the thieves' obshchak, but also with the fate of his son, chebotali did not particularly advertise his relationship with stas, but never let him out

the other caveat is cost inflation in the permian is high.fo said if coming in around 10% in the permian, he also said it is much higher than the rest of the world. that is another thing that might slow things down for them. guy: laura, great stuff. brilliant story from bp. laura hearst. let's check with european stocks. bp the bright spot for the london market, spiking higher toward session highs. up around 2/10 of 1%. even the ftse, despite factoring in friday's negativity, producing a positive session. those are the final numbers. ftse up to tenths of 1%. -- 2/10 of 1%. i will be joined tonight by eddie and we will talk about the chelsea football club. you will find us in the london area and on bloomberg devices. podcast available on spotify and itunes. kailey: coming up, at a time of raising interest rates and market volatility what is the outlook for private equity? we ask the comanaging partner at bain capital, john connaughton. this is bloomberg. ♪ >> this is the european close. i am ritika gupta. we will be joined later by some specia

the permian guys aren't just in the permian. that's just where they're located. that's where they're they're at at the time that they all know how to do this. but what is happened is you look at the margins and and from a just in time fuel you can be just in time, but it caught there's costs associated with just in time. and so what happens is we've incentivized government incentivize when in solar and you have state officials who are setting in these utility boards and saying, okay really when a utility comes to me, they're trying to get the lowest cost. electric unit to the customer and that's what they're being elected by and that's that's they take a lot of in and they should by the way, i'm not criticizing them at all. but what they have to do now is include that reliability factor because that is key and what is that cost? i'll tell you right now oklahoma is definitely seeing a cost. we're going through security ization in oklahoma. we it's a four billion dollar up to four billion dollars if you want to know what is a true cost to an oklahoma consumer for f

two a two santas are executioners and, accordingly , the permian there is the so-called permian basinther they really happen 56% of all gaza it is extracted so now they have gas pipelines there , they are actually packed to capacity. there is about 2% room for maneuver. that is, these stories, where the gas will come from. and you understand that it rests simply on the fact that you will not be able to physically pump out this gas from these fields. that is, you can say whatever you want about the lng infrastructure that you can deploy, naturally, gas receiving terminals, but the problem lies in these gas pipelines, and five of them, for example, in the same ward, you know, that they have environmental requirements, that is, in relation to it, respectively. ah, the judgment is scored. this means, this means that this issue will not be decided until at least autumn. it will not be in the fall. republicanism will come. they are trying to push through this law. it is natural to put pressure on biden. and for at least a few years, this process will, as it were, wrap up, that is, the probl

and then there's a divorce in the permian last the same. yes. only cillian. yeah. cut. all right, i'm wounded. i'm yes, you must keep. it seems that it was a wash. nikki has also controlled it will not be able to pull check when you thought on information, but most of them was 9 miles for sure. i'm not sure if it was by animal or you know, she is still yes. yes. it shows that this would she list of or you might look on the recommendations today. sure, sure. and yeah, very clear talk newly diagnosed about started a shop with a blunt to present. i'd say you do say we're doing this, but i have a good piece of shit. yeah, but more strict mean sure. it's a pretty, it's a control it on the bottom of it, they will get over it and you go to some of them. appreciate it. you did those most that i missed it, but i mean, if it was nice talking, when you say any of that, you do leeway. we always want to keep this company is a veteran issue. what you needed to know it's from it's a little bit better then you don't you already mean the kind of control in the film industry? still with

well, i really like and really like permian music, as i heard. i really love not only rejoiced, i am belarusian people belarusian language. yes very beautiful very beautiful language so for us i will, if you have a chance, and the future tense is putin and learn the belarusian language. i associate with the belarusian beauty and the beauty of nature for foreign students. kupalovsky cancer pass with the knowledge of russian culture for the belarusian youth - this is the way yes, you dismiss the profession knitting meetings for gtkhyunakovogo dzhalchat, a mix of advocacy and veselova, bauliner jasu for the elders of the philological faculty of belarusian state university, she began to live the prettiest girls in the world - this is belarusian philology, and black orweian. yes hmm station and walked in national costumes, inzhek, costumes. we insured ourselves from our young and not young poets, folk poets living our laymen, the bundle became that place. what a chair for my further way to be a philologist, and then an editor, and a bundle gave a new

. >> yes, if you look at our charts, the permian-basin is one of the lowest in the world we have somegets. 75% reduction by 2030 in meth in a. 50% reduction in greenhouse gas emissions by 2030. we're eventually going to move everything to the grid, drilling, with fracking, compression. that's really our goal and we got several exciting projects we're looking to install wind and solar farms on a lot of our land in west texas >> do you care lat what the price of oil is right now in terms of your payout >> not really because we have an interesting chart. we were paying out $17 at $120, we're paying a much higher number. we're always going to pay a dividend our break-even price is $30. >> you put a lot of properties and some people say you might have over paid clearly not only did you not over pay but you must have known these properties were long live. it's astonishing to me, not only how you're all in cost but how many years you're going to be able to pull this off? >> and how do you over pay when you bought them a year and a half ago, when all prices were cheaper. there were great acqu

pioneer is the largest producer and most active driller in the permian permian basin. it's considered the largest oil field in the u. s.. over the past decade, our company has invested 45 billion, to quadruple production to over 600,000 barrels of oil equivalent per day. pioneer is solely and upstream comedy. our projects are purchased by refineries and utilities. pioneer operates exclusively on private lands, does not refine its oil and gas commodities, produce gasoline, or operate retail gas stations. pioneer is a price taker. we do not set the sales price off our products. prices are determined by international markets based on global supply or demand fundamentals. over the past ten years, growth in the u. s. shale revolution has added overlay many billions of alberta in -- natural gas per day in this company. the which has provided jobs and increased energy security, reduced energy, cost and significantly reduce greenhouse gas emissions. past shale production growth proved to be based on a construct or some financial moderate. we owe -- and contribute to the oil pr

what and you are, i do believe she was the naval of some of the permian my way them finish up with their movies, your sip you and you mentioned you said when, but he bought them google chrome. you do b, you would you go as you go neutral? so when you book with the choices here we go for a potomac with much we could keep them dealer to a preschool so, but yeah, we do work with a boy, but commercial bumps to eat. so to send them to them ship, when you my dish, we do deal up serials and stuff. i mean them, but them or just switching to someone to go on with with some less they do it less than that. there are natural store for some less for children, and one choice about bug. you buy new, lose you cindy. external solution like issue abroad, but i don't know what's up to watch. just local sto, carlo are minute shall ish, and shut q g switch in i and you will, so polish what i know, but just to shut down one partial and pro, put out as a new student or leave me a good choice. when you ask, i go to court lashley, us for quite a standard, always told me and just look up. i just wish you a museum

well, i really like and really like permian music, as i heard. i really love.

so, a certain permian samurai used and rushed into battle. of course, by car, and not by horse, the 21st century is still not the middle ages. and just imagine, an impressive picture, the speed track and the sparkling steel of the blade cuts the wind, on whom did the kotan punishing sword fall, what caused the attack and how the desperate felling ended, all this in the plot of anton kraev. you leave this makhalka, you answer people. yes, he said that i did not drink anything. vova ponomarev krasnokamsk tv camera newsmaker. here they hunt him. you be a man. at least tell the truth, and what kind of truth is this? i think the roof is already going. i don’t understand anything in my head, honestly , olga is ponomarev’s ex-wife and she is literally afraid of him, as he told my mother. she is with no one live will not speak. i won't let you talk, i live with no one. she asked not to show her face of shame, her husband, who had forgotten his whole city, was discussing the cut glass from here from this blow with a japanese sword and chopped to the f

or to redeem them, the conversation about five million went away , the permians broke open the door ofhe apartment, olga novakovskaya, having bought a share from the woman’s brother, bypassing the law, a pre-emptive right to purchase by relatives. i am a mom. i swear he makes my chair brazenly dirty his pants area. it was immediately divided into dozens of shares. here the conderev manages the settlement of professional bouncers, we are equal owners with her the same as she has the right also how she enjoyed the apartments. how many victims are there? for how many years this bandit group has had about 100 terror, under which they lived for many years, it stopped and people will be able to sleep peacefully in an apartment, let's take, for example, in the case of masyagin. in the family, when it was destroyed, the apartment was a man of facial features, whom even the mask could not hide, appeared with accomplices on the threshold and olga masyanaya's apartment after the sale of shares. without hiding, she said that she was selling to bandits in black by a realtor, the second detainee int

we intend to grow production on a permanent basis in the permian basin by 10% this year. our company is growing production and investing in investing, that i think broadly speaking for the industry, the issue of permitting that has been raised multiple times is essential. it also -- >> thank you. it sounds. it sounds like permitting is the main issue that i'm hearing. my understanding is that this administration is working with you on permitting. my understanding is also that 90% of the drilling also happens on private lands. and so i just want to summarize that i think you can do more, and the american people need you to do more. long term, we need to win ourselves off of this dependence on fossil fuels, but in the short term, we need you to step up for the people in my district and for the people across this country who are feeling extreme pain at the pump right now. i yield back. >> i thank the gentlelady. chair now recognizes mr. hamm for five minutes or. >> thank you, madam chair. in late february, russia launched its unprovoked and its violent invasion of ukraine an

2018 where if we want to attract the labor to the market, it's would have to come from outside the permianthat means pressure on inflation on wages. >> is there a skill shortage as well as a labor shortage? >> it is definitely people because of the number of downturns we have had over the last 10 years, people are not coming back into the industry that have left and gone to do jobs in other parts of the country. any new talent now has to be trained and done in a safe manner to make sure we can execute the operation safely. to your point, we do have a knowledge gap particularly in the service industry where you're putting people on rigs and flag fleets. they are green hands at this point. training is hugely important to make sure we do it safely. >> always great to catch up. as i say, we are about to have a conversation with a woman who is going to be interested in what he just had to say. is there a skills gap just starting to emerge? look at what is happening in the construction sector. we are about to have a conversation with gina raimondo. this is bloomberg. ♪ ♪ >> now we welcome our au

now internationally recognized as ideal for studying the artinsk stage of one of the stages of the permiancompleteness of the composition of rocks and fauna, this site is considered a standard for scientists, this internationally accepted status is also called the golden nail of the material embodiment of a high award. no, that is really in the nail. not to be found here. but the geological point itself will now appear in all directories of the world, and next to another similar nail. it is also located in bashkiria, literally 5 km away there is another geological section left, it also belongs to the first to the system, but to an earlier stage, which is called sakmara, and here, using these layers, you can study how the earth was formed almost 300 million years ago , both of these sections cover a period of almost 10 million years, during which there was a mass extinction of biological species and new ones appeared. yes, not only with a bottom the borders of sakmara are just a cut near the juice. this is 293 million years ago, both sections are included in the boundaries of the taratau ge

drill, you will not get other permits for the roads, for pipelines for anything else, i was in the permianand cost for people are going through the roof. this is biden administration attempt to deliver final death mroe to oil and gas. they're making it exceedingly hard. this is a time the gas prices $4.40, record high, inflation 8.3%, 40-year high and we have the eu looking at shutting down russian oil and gas coming out of russia, driving the price of gas higher. the answer is to increase american production, biden administration will not get out of the way or take the cuffs off oil and gas companies and let them do their jobs. they are saying one thing, buts behind the scenes they are doing something drastically different to stop the process. >> todd: nobody wants leases is misleading. keep your eye out for the congressman's upcoming book, "holding the line." thank you, we appreciate your time. >> todd: white house insisted your tax dollars were not bing spent on crack pipes. >> carley: can't believe that is a sentence you just read. >> todd: they are inside the safe smoking kits. >> car

there has been a lot of talk and there's a little thing called the permian basin in southeast new mexicoot 5 million a day out of there already. i would target every big oil company to double it up. if the president just came out and stated were get into everything possible to add 5 million barrels a day you will see speculators, traders and investors sell the living heck out of the price of oil and we will head down again freedom virtually that is not in the cards and you are seeing the outcome of it. >> not only the inflation but there are fears that we are on the cusp of a recession. that is a one-two punch that's going to hurt a lot of people. >> where he had one number that was in contraction and they say it's two quarters. to me that does not matter. advocate two numbers, the savings rate of americans that is plunging in credit card uses is skyrocketing that is a one-two punch that will take us into recession if it continues. it is all based on consumers really having to make different decisions right now. we do a channel check and do the supermarket. the best-selling item is store

we have 20 billion barrels in permian basin they're cutting leases.rything they're supposed to do. it is frustrating as frustrating can be. i have a radio show. i'm getting emails, they're all frustrated, why don't they do more, why don't they produce more, why don't they do this, don't do they, do the opposite? i have people email me are they our opponents not advocates? they're supposed to be on our side. charles: they deliberately wanted gas prices to go up. >> they're getting it. charles: and now the fed deliberately wants to slow the economy and maybe they're getting it. certainly they're getting a stock market reaction. yesterday the market didn't really react to powell's comments. maybe they are today. >> oh, yeah. charles: getting more hawkish. the proof is in the pudding but how much of a role does the fed play in this now? >> they played god with the market foss a long time. charles: yeah. >> nine trillion dollars. that is a huge amount. every time markets dropped jay powell went with easier money even though they tell us they don't watch th

a company focused in the permian basin in texas diamondback announced a plan to return 50% of free cashholders they also said they preferred to return capital through a buyback instead of a dividend. at the time they announced a $2 billion repurchase program, major commitment given to diamondback, so far it's been a good strategy. stocks jumped to $80 in part because of that rally, diamondback wants to change its approach they're adopting a variable dividend strategy, and that's what we love specifically diamondback boosted its base dividend by 17% to $0.70 a quarter and told us the first variable dividend would be $2.35. guys, that's 9.6% yield. that is big assume k they can maintain the same level of payouts, and we'll find out. the stock's now down suddenly from where it was trading before this very bullish announcement i think that could be the steal. let's talk to travis stice, the chairman and ceo of diamondback energy welcome to maryland. >> jim, thank you, it's great to be on your show today. >> all right, so travis, everybody kind of knew diamondback as this very quiztive compa

keystone and with the leasing but the main thing that we hear is we're looking for growth in the permianch doesn't need the pipeline or the permits. the issue there is short labor, almost no labor available, no steel or cement. we have the cfo of diamondback that made an acquisition today on last week on the call with me and he was just saying simply there is no ability to increase activity at the moment without simply stealing everyone from another company which obviously would be hyper inflationary. so it is not doing it. so the answer is that we're probably going to see pretty muted growth in oil and natural gas supply this year from the u.s. >> you see valero going to 150 it is like 127-ish now, paul is that your top pick? >> we loved it that is way 110, when it was at 110 it was a great price target. but we could go higher here with the way margins are playing out in q2. so, yeah, we have been top pickers as you know from my previous appearances on the refining side. but then again we're also calling for oil to be the s&p 500. so all of them look attractive to us relatively to the m

this is a very old buffet, perhaps the end of the 18th - beginning of the 19th century, the famous permiannk. yes, this cutting board takes a very long time to open, because it has not been restored yet. you can cut bread here. there are lost elements, but we can restore everything, just next door, the carpentry workshop. hello everyone irina let's get acquainted this is our dad georgy arkadyevich he works with us dad what are you doing now? i am i am engaged in the restoration of wooden parts. here they remove the lacquer coating from them, and then i will sand exactly the same chair for our nakhodka . i thought that maybe i could make a table foot out of it. i brought a lampshade that would suit our interior? that is, he is like this, probably we can come up with something. i need a black interior. just in case, i took the paints of the brush and i will do all this later, but to turn the teapots into a lamp. we need a metal tube and a light bulb holder. and, of course, skillful hands of masters. i found a suitable lid for this teapot. we estimate the height of the lampshade. this is nece

talking to producers in the permian basis they're going on short shifts now because they don't have enough people to run 24/7 oil is a hard business it's hot it's super cold. it's dangerous you can get paid well. but if you can get paid just as much to work at a desk or a safer job, by the way, one that doesn't take you away from your family for weeks at a time, you might look at that better option shortage of labor and shortage of steel casing for tubing for oil pipes is a huge deal right now. >> great, great points there's the nat gas price around $8.70 per million btus highest since '08. let's pile some final doom and gloom on top of this because the problem with all of these demand side issues outstripping supply is the diesel crisis we're potentially facing here especially in the northeast. are you hearing anything on that front in terms of resolving prices or resolving the supply >> who am i, the grim reaper up sneer folks, i apologize i like to be happy diesel fuel stockpiles in the northeast, not in california, not in texas, in the northeast here where we always seem to have proble

mike's got this mix of permian, which is accelerating, and he's got big offshore projects which haveong lives, and he has a view of exactly -- he has a pipe coming from kazakhstan, he says listen, don't worry about this most importantly, he says he can buy back 25% of the company. he has that kind of cash flow. that kind of conviction, you never see that among most executives i'm very surprised to see that stock down after the endorsement of warren buffett. >> don't you think the prospect of recession ratifies the long-term curve on oil, though >> yes, but david, i think that when i listen to what people are doing out there, and i know that, i mean, powell is so good, but you've got a situation, david, where if there's inflation and inflation is not going to turn down, you know buying oil versus buying the grain is a pretty good deal. >> yeah, that sounds like a plan do you want to stay -- you know, i mean, back to buffett, the one he chose to buy a lot of also don't forget is oxy, not just chevron. >> it works. there is something to be said, david, about what works and what doesn't,

make sure that the supply chains are fixed , so that we can get rigs moving again in the prolific permiano much for your time today. coming up a federal judge blocking the biden administration's plan to end title 42 but the fight about this may not be over. how congress is responding to the border policy ruling, coming up. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire big game today! everybody ready? alexa, ask buick to start my enclave. starting your buick enclave. i just love our new alexa. dad, it's a buick. i love that new alexa smell. it's a buick. we need snacks for the team. alexa, take us to the nearest grocery store. getting directions. alexa will get us there in no time. it's a buick. let's be real. don't make me turn this alexa around. oh my. it's painful. the buick enclave, with available alexa built in. ask “alexa, tell me more about buick suvs.” (mom allen) verizon just gave us all a brand new iphon

when you go through three down turns, we can't bring people back to the permian basin. who wants to come back and work for the oil and gas industry. we can't get people back. we are seeing severe inflation. it's unsignificantly, and will continue to see severe inflation over the next several years. >> a quick question for general mcmaster, what steps should we be taking to increase energy production here in the united states, to lower energy costs and make us once again energy independent as we were on january 20th until 11:59 in the morning of 2021. >> i think streamlining the permitting process and then removing bureaucratic obstacles. i think that is the number one impediment. i'd like to hear from the other members who could speak more authoritatively about this. i am aware of a number of actions, for example, that are just sitting at the department of energy with all of the environmental impact work on it and are just awaiting signatures. i think it's important to remove rather than put more obstacles in place which has been a tendency to be able to tap into the tr

and for five million , permians broke open the door of olga novakovskaya’s apartment, buying share fromhe woman's brother, bypassing the law on the pre-emptive right to purchase by relatives. i am a mom. i swear he makes my chair brazenly dirty with his pants square. it was immediately divided into dozens of shares. here, the conderev manages the settlement of professional bouncers, we are equal owners with her, the same as she has the right to use the apartment, how many victims are there, how many have this gangster group? there are about 100 of them, the terror under which they lived for many years, it has stopped and people will be able to let's take a quiet sleep in an apartment, for example, in the case of a family masyagin, when it was destroyed, the apartment was a man of traits, a face that even the mask could not hide appeared with accomplices on the threshold of olga mosyagina's apartment after the sale of her share by her sister. she openly said that she was selling to bandits in black by a realtor, the second detained introduced himself a little bit by a lawyer, uh, forgive

instead of promoting more production at home, in my home, in texas like the permian basin, this white house is canceling lease sales. they are talking about we have 9,000 leases. you know what, we need 90,000 lease, not 9,000. anybody who knows anything about this industry understands that 9,000 leases doesn't get the job done. it's 90,000 leases that are needed to reduce the cost to help the american consumer, to get back to what we had in 2016 to 2020 which was american energy dominance. that's the real problem here. the american public is not buying it. this argument is -- the american public's not buying t let's set a real national energy strategy for our country to secure energy independence once again instead of pandering to countries like venezuela and iran. with that i yield back. the speaker pro tempore: pursuant to house resolution 1124, the previous question is ordered on the amendment offered by the gentlewoman from florida. the question is on the amendment. so many as are in favor say aye. those opposed, no. in the opinion of the chair, the ayes have it. for what purpose