Oil thread 9-7-06:Former BP head of Pipeline invokes 5th

[ExpertNovice]

Originally posted by: dmcowen674
Oil prices hit 65 dollars a barrel for the first time on the back of sky-high demand thanks to gas-guzzling sports utility vehicles that have been doing particularly well in a summer sales price war launched by General Motors and now joined by the other big US car makers.

ROFL. Some of those gas-guzzling SUV's get 20+ mpg beating out many cars! I wonder why they didn't mention the limousines used by the hollywood and political elites.

SUV's must be SOOOO EVIILLLLLLL that all we have to do is stop producing them and the terrorists will become peaceable and the Muslims will stop killing non-Muslims that choose not to convert. Hallelujah!

 

[dmcowen674]

Have to update thread title.

I will be homeless because of Hurricane Katrina and a boat load of Oil rigs will be destroyed.

Oil has surpassed $70 and who knows how high it will go.

 

[joshw10]

Originally posted by: ExpertNovice

Originally posted by: dmcowen674
Oil prices hit 65 dollars a barrel for the first time on the back of sky-high demand thanks to gas-guzzling sports utility vehicles that have been doing particularly well in a summer sales price war launched by General Motors and now joined by the other big US car makers.

ROFL. Some of those gas-guzzling SUV's get 20+ mpg beating out many cars! I wonder why they didn't mention the limousines used by the hollywood and political elites.

SUV's must be SOOOO EVIILLLLLLL that all we have to do is stop producing them and the terrorists will become peaceable and the Muslims will stop killing non-Muslims that choose not to convert. Hallelujah!

although a lot of SUVs and trucks are retarded and we could do much better, I doubt if these vehicles all got economy car gas mileage that we'd reduce our oil consumption by much more than 1-2%

 

[alent1234]

maybe if the idiot democrats and greenies hadn't fought drilling in alaska then we wouldn't be in this situation where 25% of oil production is going to be lost

 

[catnap1972]

Originally posted by: alent1234
maybe if the idiot democrats and greenies hadn't fought drilling in alaska then we wouldn't be in this situation where 25% of oil production is going to be lost

YOO HOO--NOT ENOUGH REFINERIES

Just what do you plan on doing with the oil from ANWR?!?

 

[Whaspe]

Gotta laugh at the comments back at the start of this thread... $50 oh my!! Makes me wonder what reading this post 6 months from will do.

 

[Engineer]

500 billion to 1.1 trillion barrels of oil in "oil shale" study released (in the US).

 

[OneOfTheseDays]

I really hope that I see the end of oil in my lifetime. I'm just goddamn sick of being so dependent on it. I pray that automakers and scientists can come up with a better alternative soon.

 

[charrison]

Originally posted by: Engineer
500 billion to 1.1 trillion barrels of oil in "oil shale" study released (in the US).

linkage

Royal Dutch Shell is taking a 61% stake in a new joint venture firm that will invest up to US$150 million in exploring and developing oil shale deposits in northeastern China.

...

nder the in-situ process, Shell drills holes into the resource, inserts electric resistance heaters, and heats the subsurface to around 343º C (650º F) over a 3- to 4-year period. During this time, very dense oil and gas is expelled from the kerogen and undergoes a series of changes, including the shearing of lighter components from the dense carbon compounds, the concentration of available hydrogen into these lighter compounds, and the changing of phase of those lighter more hydrogen rich compounds from liquid to gas.

These gaseous lighter fractions are now far more mobile and can move in the subsurface through existing or induced fractures to conventional producing wells from which they are brought to the surface.

Shell says that ICP results in the production of about 65%?70% of the original carbon in place in the subsurface. The carbon that does remain in the sub-surface resembles a char, is extremely hydrogen deficient and if brought to the surface would require extensive energy intensive upgrading and saturation with hydrogen.

The ICP process is clearly energy intensive as its driving force is the injection of heat into the subsurface. However, the energy efficiency compares favorably with many conventional heavy oil fields that for decades have used steam injection to help coax more oil out of the reservoir, according to Shell.

The produced mix is different from traditional crude oils. It is much lighter and contains almost no heavy ends. Quality can be controlled by changing the heating time, temperature and pressure in the sub-surface.

The production mix generally seen from Shell?s Colorado oil shale pilot is about two thirds liquids and one-third natural gas and gas liquids such as propane and butane. On the liquid product side, the typical split encountered is about 30% each of a gasoline precursor called naphtha, jet fuel and diesel with the remaining 10% of the barrel being slightly heavier. These fractions can be refined into finished products with significantly reduced processing when compared with traditional crude oils.

Shell, on the other hand, has estimated that ICP could be competitive with oil prices at some $30 per barrel.

Of course they are doing this in China, not the US....

 

[luigi1]

Thread bumped from the dead. Real dead. I thought it was just games but no.

 

[dmcowen674]

Originally posted by: Sudheer Anne
I really hope that I see the end of oil in my lifetime. I'm just goddamn sick of being so dependent on it. I pray that automakers and scientists can come up with a better alternative soon.

That's why the higher the prices the better.

People will find alternatives, not Corporations, people will.

 

[charrison]

Originally posted by: dmcowen674

Originally posted by: Sudheer Anne
I really hope that I see the end of oil in my lifetime. I'm just goddamn sick of being so dependent on it. I pray that automakers and scientists can come up with a better alternative soon.

That's why the higher the prices the better.

People will find alternatives, not Corporations, people will.

Actually both people and corporations will find ways to cut fuel use....

 

[nergee]

Originally posted by: dmcowen674

Originally posted by: Sudheer Anne
I really hope that I see the end of oil in my lifetime. I'm just goddamn sick of being so dependent on it. I pray that automakers and scientists can come up with a better alternative soon.

That's why the higher the prices the better.

People will find alternatives, not Corporations, people will.

Then you will see those 500B to 1.1T barrels of oil in oil shale get real cheap fast..........

 

[dmcowen674]

9-3-2005 Oil Executives Look Forward to $100 Barrel

Oil prices at 100 dollars a barrel are no longer an unthinkable prospect in the aftermath of Hurricane Katrina

Predictions by US investment bank Goldman Sachs in March that oil prices could race upwards to 105 dollars a barrel were widely ridiculed, but the damage unleashed by the US storm has made others now consider it a possibility.

Analysts had dismissed speculation of 100-dollar oil a few months back but "we're really now starting to take it seriously," he said.

"It's a whole new ballgame for us. We're now talking about prolonged levels of relatively high oil prices," Koldowski said.

A three-digit crude oil price would be "enough to get everybody, politicians, economists and the average person on the street jumping up and down and cutting back on spending and driving," said Nunan.

 

[dmcowen674]

We need Petro desperately.

9-4-2005 Kuwait donates $500 mln oil products for Katrina

KUWAIT - Wealthy OPEC nation Kuwait is donating $500 million worth of oil products and other humanitarian aid to its ally the United States to ease the impact of Hurricane Katrina, state news agency KUNA reported on Sunday.

"The humanitarian aid is oil products that the devastated (U.S.) states need in these circumstances, plus other humanitarian aid to lessen the devastation these three states have been subjected to," Energy Minister Sheikh Ahmad al-Fahd al-Sabah told KUNA.

Sheikh Ahmad said the gesture was a duty toward a friend by the tiny Gulf Arab state which was liberated in 1991 by a U.S.-led multinational coalition from seven months of occupation by Iraq.

The minister, who is also the OPEC chief, was speaking after the weekly meeting of the Council of Ministers. Tiny Kuwait controls nearly a tenth of global petroleum reserves.

 

[EatSpam]

Originally posted by: Sudheer Anne
I really hope that I see the end of oil in my lifetime. I'm just goddamn sick of being so dependent on it. I pray that automakers and scientists can come up with a better alternative soon.

You also better pray that the oil companies and auto manufacturers let it see the light of day. They each have a vested interest in gasoline powered cars.

 

[conjur]

Originally posted by: dmcowen674

Originally posted by: Sudheer Anne
I really hope that I see the end of oil in my lifetime. I'm just goddamn sick of being so dependent on it. I pray that automakers and scientists can come up with a better alternative soon.

That's why the higher the prices the better.

People will find alternatives, not Corporations, people will.

Certainly. It's not like Ford and GM have lovingly embraced CAFE standards and worked, on their own, to even exceed them.

Lowered expectations...they're just following the lead this admin set 4 1/2 years ago.

 

[conjur]

CIBC World Markets forecasts 2006 avg oil prices at $84
http://www.marketwatch.com/news/newsfin...469302&siteID=mktw&scid=0&doctype=806&


:Q

 

[K1052]

Originally posted by: conjur
CIBC World Markets forecasts 2006 avg oil prices at $84
http://www.marketwatch.com/news/newsfin...469302&siteID=mktw&scid=0&doctype=806&


:Q

Investment capital will be pouring into oil shale, tar sands (Canada), coal liquifaction, and hydrogen as alternative transportation fuels.

The high price of oil will eventually result in a shrinking trade deficit and energy independence (possibly exports of fuel and technology as well) for the US.

 

[conjur]

Not anytime soon.

 

[dirtboy]

Originally posted by: dmcowen674

Originally posted by: Sudheer Anne
I really hope that I see the end of oil in my lifetime. I'm just goddamn sick of being so dependent on it. I pray that automakers and scientists can come up with a better alternative soon.

That's why the higher the prices the better.

People will find alternatives, not Corporations, people will.

I don't care how high prices get, there are no alternatives other than petrol cars for me.

 

[dirtboy]

Originally posted by: dmcowen674

Originally posted by: Sudheer Anne
I really hope that I see the end of oil in my lifetime. I'm just goddamn sick of being so dependent on it. I pray that automakers and scientists can come up with a better alternative soon.

That's why the higher the prices the better.

People will find alternatives, not Corporations, people will.

Sounds like you need to find an alternative, since you're crying about the price of gas.

 

[dirtboy]

Originally posted by: dmcowen674
We need Petro desperately.

9-4-2005 Kuwait donates $500 mln oil products for Katrina

KUWAIT - Wealthy OPEC nation Kuwait is donating $500 million worth of oil products and other humanitarian aid to its ally the United States to ease the impact of Hurricane Katrina, state news agency KUNA reported on Sunday.

"The humanitarian aid is oil products that the devastated (U.S.) states need in these circumstances, plus other humanitarian aid to lessen the devastation these three states have been subjected to," Energy Minister Sheikh Ahmad al-Fahd al-Sabah told KUNA.

Sheikh Ahmad said the gesture was a duty toward a friend by the tiny Gulf Arab state which was liberated in 1991 by a U.S.-led multinational coalition from seven months of occupation by Iraq.

The minister, who is also the OPEC chief, was speaking after the weekly meeting of the Council of Ministers. Tiny Kuwait controls nearly a tenth of global petroleum reserves.

No we don't need petrol. We need alternatives. Time for everyone to start riding bicycles.

 

[K1052]

Originally posted by: conjur
Not anytime soon.

Coal liquifacton will be first. There is extensive mining capacity (a large part of it idle due to very low coal prices) than can quickly be utilized. The chemical processes for liquifaction are well known and used regularly in several places in the world. Since liquifaction become proofitable at crude prices above $40 many people are surely seeing dollar signs right about now.

 

[dmcowen674]

9-17-2005 U.S. Plans to Invade Venezuela

Venezuelan President Hugo Chavez said Friday he has documentary evidence that the United States plans to invade his country.

Chavez, interviewed on ABC's "Nightline," said the plan is called "Balboa" and involves aircraft carriers and planes. A transcript of the interview was made available by "Nightline."

He said U.S. soldiers recently went to Curacao, an island off Venezuela's northwest coast. He described as a "lie" the official U.S. explanation that they visited Curacao for rest and recreation.

"They were doing movements. They were doing maneuvers," Chavez said, speaking through a translator.

He added: "We are coming up with the counter-Balboa plan. That is to say if the government of the United States attempts to commit the foolhardy enterprise of attacking us, it would be embarked on a 100-year war. We are prepared."

Chavez has been attending the summit of world leaders at the United Nations in New York this week. On Thursday, he denounced the U.S.-led war in Iraq and told other leaders they should consider moving the U.N. headquarters out of the United States.

To prove U.S. intentions to invade Venezuela, Chavez offered to send "Nightline" host Ted Koppel maps and other documentation.

"What I can't tell you is how we got it, to protect the sources, how we got it through military intelligence," he said.

In the event of a U.S. invasion, Chavez said the United States can "just forget" about receiving any more oil from his country.