Posted on 01/01/2014 7:37:40 AM PST by ckilmer
There was a new big discovery in the Gulf announces a couple months ago. I expect there could be a new round of big discoveries under old discoveries and many around the wold also.
Gasoline (and soon please God, Diesel) is the lifeblood of our country. At $3.50 per gallon, it is also killing us, business, and everything else in Obamaland.
How soon until we get back to reasonbly priced American-sourced fuel? Where are the new refineries? Until we get the green Left wing assklowns of the EPA and the Obamanauts off'n our arse and get back to normal activity, we are economically SOL. I know we'll never get back to "cheap" gas, but a fair supply and demand price strikes me as around $1.50. As far as supplying the CHICOM, screw'em. Let'em deal with OPEC on their own. They run it now ... so what's the difference.
We have Mexico on our team, Canada, Brazil, and when Fidel dies Cuba, plus our own immense domestyic resources. So, why this agopny at the pump.
On the price of gas alone The Mombasa MF should have been shut out of the WH. I do not understand 53% of those what are supposedly my countrymen.
Didn’t EPA, Interior Dept and this administration put most of the Green River formation off limits?
How soon until we get back to reasonbly priced American-sourced fuel?
Its easier to predict imho that USA oil production will keep increasing by about 1 million barrels a day for at least the next two years according to the iea. (I think that the USA will continue to increase oil production by 1 million barrels a day at least through 2018 and maybe through 2020 because of massive easily accessible oil in the Permian basin plus surprises elsewhere.
Somewhere 2-5 years from now prices at the pump should ease by up to a dollar. Trouble with oil is that unlike natural gas—prices for oil are set by worldwide demand. Right now worldwide demand is huge and growing. The USA is one of only a few countries with growing production. Many others are seeing their production falling. So it will be a couple years before supply catches up with demand.
Where are the new refineries?
This was always a false report. Its always been cheaper for the refiners to add new capacity to their existing plants than to build a whole new plant from scratch.
Do you use coal without an temperature controlled air-duct system?
It's on federal land....so I guess so...
anyway...its a resource just waiting for a change in regime.
The biggest disappointment of the GW admins was this "awl man's" abject failure to leave us with a 50-year plan. For the remainder of this century, at least, the world will continue to run on Oil-Gas-Coal-Nuclear energy sources.
IMNVHO, there is absolutely no natural shortage of any of these sources. Certainly there is enough to cover Mother Earth while the world transitions to hydrogen fuel cells, etc.
IMNVHO,If government is to have a role, it should be to foster as complete a state of energy independence as possible. Right now in the interplay of private companies and government meddling, we have the worst of all possible worlds in the energy markets.
Of course this is magnified 10-fold when the government is in the hands of the LoonieLeft, particulary within the regulatory agencies that really run things.
Does it include...
* Low Friction Tubing ( Plasma coated with a Diamond Like Coating )
* The Various “Ceramic” beads instead of Sand.
* Other “Fluids” such as Propane instead of H20 and Sand?
- - - - - - -
The last two are hydraulic fracturing. That is a well completion or well stimulation activity.
EOR is typically a reference to ongoing systems that continue while production continues. For example, pumping in fluid on the outside edges of the field while production flows out of the center; both run continuously. Hydraulic Fracturing is done at a point in time either before production begins, or after stopping production to re-stimulate production after done.
Hydraulic Fracturing can be done at stages for EOR, but it is not a continuous ongoing activity like water flood or CO2 injection.
The Low Friction Tubing I am not familiar with. I’m not sure how that would be applicable to flowing “raw” production fluid that will include water, sand, gas, etc.
They stopped pumping on non Indian leases because of the cost.
i know where to set the feed rate/blower for a given ave outdoor temp of 20-35 deg to keep the house ~68deg and only have to adjust it for cold snaps in the zero to minus 10/20 range
but there is a an add on thermostat unit i can get to fine tune it to stay at a given temp but it usually only varies from 65-70 so long as the ambient outside temp stays relatively constant 20-35
there’s a great pressure, way down in the earth, that pushes the crude near to the surface on it’s own. it’s pushing up against the bottom of the underlying rock source. do we have reason to believe it will ever stop doing that?
IMNVHO,If government is to have a role, it should be to foster as complete a state of energy independence as possible. Right now in the interplay of private companies and government meddling, we have the worst of all possible worlds in the energy markets.
...............
Oh man, the current oil revolution has come despite the best efforts of the feds to kill it.
The coolest thing the feds could do is invest in thorium lftr reactors. LFTR reactor would cut the cost of electricity by 1/4-1/10 current lowest cost coal.
That’s the deal that makes the 21st century a success.
That requires wisdom from the feds. A commodity that has been in short supply lately.
Try the calculator at: http://riversidecoal.com/coal-calculator/heating-calculator.html
According to http://www.eia.gov/kids/energy.cfm?page=about_energy_conversion_calculator-basics
100,000 BTU can be generated from 0.00045 metric tons of coal, 9.78 cuft Natural Gas, and 0.0017 bbls of crude oil.
One reference has coal at $82.75/metric ton coal (http://ycharts.com/indicators/australia_coal_price). Approximate oil at $100/bbl and natural gas at $4 per 1000 cuft.
That works out to 4 cents for Natural Gas, 17 cents for crude oil, and 37 cents for coal to generate 10,000 BTU.
theres a great pressure, way down in the earth, that pushes the crude near to the surface on its own. its pushing up against the bottom of the underlying rock source. do we have reason to believe it will ever stop doing that?
...........
I’m no expert. I can tell you that there are some who believe that crude doesn’t come from the dinosaurs and cretaceous plankton but rather from internal earth processes. might be I don’t know. current thinking is that there’s just a lot of oil in the ground but most of it is not commercially addressable. that is for various reasons its too expensive to extract. in the last 150 years the oil men have extracted 10% of the oil in the ground. the current fracking revolution may extract another 3-15 percent of the oil in the ground.
LSMFT= Lucky Strike Means Fine Tobacco.
What's going to piss me off is that the Democrats will take credit for the economy this industry saved from destruction - and the Kool-Aid drinkers will extoll them, just as they did Clinton, who profited from $10 a barrel oil.
Wow. Would be something
Lower friction in the tubing, less pump power required. Check this out tell me what you think...
http://www.youtube.com/watch?v=EcCsQ1Hr3D4
They are now part of a non publicly traded company out of Canada if I am reading correctly...
taildragger,
I can’t find whether Sub-One has commercialized anything yet or even still in business. Can you advise?
If the day comes when oil is purchased in some other currency, you will learn the true meaning of “devalued”.
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