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Fox News Visits the Permian

Maria Bartiromo of Fox news visited the Permian and did two videos. They are linked down below. She had Mike Wirth, CEO of Chevron, on. He said that only 10% of the oil is extracted by current techniques, but two new techniques, AI guided fracturing and fiber optics in fracturing, can increase the percentage of oil extracted and keep the Permian flowing for the next 20 years. I would be interested in any comment, especially from Mike. Is Wirth blowing smoke? Here are the links.


Maria Bartolomo of Fox News visits the Permian

‘America first’ energy policy sparks a Texas oil revival

https://www.foxbusiness.com/video/6384187710112

 

US has only ‘scratched the surface’ of its oil potential as emerging technology strengthens energy outlook

https://www.foxbusiness.com/media/us-has-only-scratched-surface-its-oil-potential-emerging-technology-strengthens-energy-outlook

 



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dckpttn
08 nov.

Wirth mentioned that 10% of the original oil in place was recovered with current method, and hinted that AI and other tech would soon increase that. Any comments on that statement?

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