Hoarding is exactly what the government is doing right now by filling the SPR, and frankly it's the best thing that could happen. It drives prices up. High prices encourage demand destruction. They also finance new well development. The hoarded oil gives us a buffer to fall back on once shortages become more prevalent. High prices are what we need in order to adapt to what's coming, and the sooner they happen, the better.
Joined: Sep 19, 2007 Posts: 916 Location: Land of the Tongva tribe
Posted: Tue Apr 29, 2008 11:58 am Post subject: Do you work in the oil industry?
I am wondering who here on peak oil works in the oil industry. Who are the people on the "front lines" when it comes to providing the world with oil.
I work as a petroleum landman. The company I work for owns mineral rights in many different mid-west and western states. My primary job is negotiating oil and gas leases with companies who want to lease our minerals and drill for oil or natural gas. Then we receive royalties from all production. The states in which I lease the most are California and Oklahoma.
Obviously with high oil and natural gas prices we are leasing like crazy. Most of our properties date back to 1920s and 1930s. Amazingly some properties that have never been leased in over 80 years are now being leased and explored.
If you work in the industry I would appreciate a brief explanation of what you do, if you don't mind. Obviously I am not looking for specifics.
joeltrout _________________ ENERGY is the basis of our industrial civilization and sustains our standard of living. It is the foundation stone of our national wealth. A nation starved of energy.....will be a nation of starving people.
Joined: Mar 07, 2007 Posts: 268 Location: Houston, TX
Posted: Tue Apr 29, 2008 12:28 pm Post subject: Re: Do you work in the oil industry?
I work in Houston for a retail energy company we sell NG and Power not oil though
But they are so interconnected as you may know. I am a credit analyst basically financial analysis of companies who wants to get power from us. All I am seeing is my 2 bonuses, pay, and stock options shoot up for the last 2 years.
Coming from financial industry, I have never seen this much of a laidback environment and too much money and food floating around. I am still in a shock of happiness. I wish I could have joined this industry before.
This is not the only energy company I worked, I worked as a temp for several fortune 500 oil companies before and they all seem to have too much money, food and entertainment going on. One other thing I like about oil companies is that they are very conservative and "buddy to buddy system" dominant around here. wall street types and assholes are not liked and not hired.
Posted: Tue Apr 29, 2008 12:46 pm Post subject: Re: Do you work in the oil industry?
I have been doing technology consulting for the past 6 years, mainly for energy related companies.
And of course, I also help run this website. _________________ "We shall not cease from exploration
And the end of all our exploring
Will be to arrive where we started
And know the place for the first time." - TS Eliot*
Posted: Tue Apr 29, 2008 10:17 pm Post subject: Re: Do you work in the oil industry?
30 years or so of oil/gas/coal insiding. Early days taught at university, later bog standard oil company geologist, later days various management positions in various sized companies. Forward looking soon to retire to the true Scotsman's grace...mountaineering, golf, fly fishing and guiltless single malt. that is of course if all the really nutty (IMHO) peakers are off base on the wild zombie killing sprees we are supposedly expecting. That would really screw up my handicap!
Posted: Tue Apr 29, 2008 10:26 pm Post subject: Re: Do you work in the oil industry?
KillTheHumans wrote:
joeltrout wrote:
I am wondering who here on peak oil works in the oil industry. Who are the people on the "front lines" when it comes to providing the world with oil.
I pump gas at Go-mart. FRONT LINES ALL THE WAY BABY!!!!
God bless you, young man! _________________ “I'm completely in favor of the separation of Church and State. My idea is that these two institutions screw us up enough on their own, so both of them together is certain death.” George Carlin
Posted: Tue Apr 29, 2008 10:29 pm Post subject: Re: Do you work in the oil industry?
emersonbiggins wrote:
KillTheHumans wrote:
joeltrout wrote:
I am wondering who here on peak oil works in the oil industry. Who are the people on the "front lines" when it comes to providing the world with oil.
I pump gas at Go-mart. FRONT LINES ALL THE WAY BABY!!!!
God bless you, young man!
Someone has to man the front lines in the war to continue filling up SUV's!
I'm worried about shortages, not price. As long as its available, people will buy, and I'll have a job. But shortages...the boss will start calling people in only when there is fuel in the tanks to be pumped...THAT one I'm worried about. _________________ Freddy RULZ!
www.TrendLines.ca/scenarios.htm Home of the Real Peak Date ... set by geologists (not pundits) (or bankers) (or web "experts")
Posted: Wed Apr 30, 2008 10:40 am Post subject: Re: Do you work in the oil industry?
I started at age 17 as a Gas Engineering Technician Apprentice for the North Western Gas Board England (before privatisation) back in 1969. Great & interesting years, conversion from coal gas to natural gas, most of my years spent supervising / planning the re-building of the distribution pipeline network in the north west of England, together with emergency stand by duties.
Still engaged part time with a contractor to National Grid in replacement gas main planning. (Old cast iron mains replaced by Polyethylene pipe) About 15 years work left. The UK will have a nice, squeaky clean, all plastic / welded steel gas distribution system JUST as natural gas runs out !!!!
Keep tellin 'em but nobody listens !!!!!!
Gasmon _________________ Oiyl be back !!!!!!!!!!!!!!
Joined: Sep 19, 2007 Posts: 916 Location: Land of the Tongva tribe
Posted: Wed Apr 30, 2008 10:47 am Post subject: Re: Do you work in the oil industry?
I am kinda surprised this didn't get much more of a response. Maybe most of the members/visitors are survivalists and peak oil is their reason for wanting to be sustainable.
I was hoping that more people worked in the industry and actually knew what was going on in their area. I worry that some of the information I receive here is 1st very biased towards peak oil and 2nd not actual expert info because there don't seem to be many people in the industry.
I know you don't have to work in the industry to know about it but it definitely helps to have actual experience rather than reading about stuff online or in a book.
joeltrout _________________ ENERGY is the basis of our industrial civilization and sustains our standard of living. It is the foundation stone of our national wealth. A nation starved of energy.....will be a nation of starving people.
Posted: Wed Apr 30, 2008 3:15 pm Post subject: Re: Do you work in the oil industry?
joeltrout wrote:
I was hoping that more people worked in the industry and actually knew what was going on in their area.
In my experience, people working in the (gas) industry at the sharp end do not know very much about the overall picture.
When I started in the industry, "North sea gas" promised cheap, affordable gas for the UK well into the 21st century. It's now 2008, and the North sea is WAY past peak. Were now importing LNG (liquified natural gas), and Russian gas soon, and will depend on it more every year. Politics has a hand, closed most of the coal mines, built new gas fired power stations (criminal). At least we still have coal.
A 2007 BP report I read gave figures for all the worlds oil & natural gas resources, and usage, country by country. To cut a long story short, at 2006 usage, and known reserves, we (the world) have 62 years of gas left, & 45 years of oil.
Still oil & gas to be found, as you know, but factor in India, China, etc, well, you can actually see the result starting to happen, rising prices, everywhere, world-wide, today.
You know, even the top boys at Shell, BP, BG, etc don't have all the answers. "Known" reserves are a best guess, and sometimes overstated (Shell). They sure do know how to make a profit though.
IMHO best thing for anyone to do right now is to plan for expensive energy from right now - e.g. smaller car, conserve, etc. It aint never going to be cheap again.
Gasmon _________________ Oiyl be back !!!!!!!!!!!!!!
Posted: Wed Apr 30, 2008 4:34 pm Post subject: Re: Do you work in the oil industry?
joeltrout wrote:
I am kinda surprised this didn't get much more of a response.
I'm not. Its been obvious for a LONG time.
joeltrout wrote:
I was hoping that more people worked in the industry and actually knew what was going on in their area.
If there were more people around here who knew something, there would be alot less arguing, and the place wouldn't be near as exciting.
joeltrout wrote:
I worry that some of the information I receive here is 1st very biased towards peak oil and 2nd not actual expert info because there don't seem to be many people in the industry.
YOU GO JOEL!!! The Experts and those who actually knew much mostly all disappeared awhile ago, RocDoc is left. Just PM him questions, makes alot more sense than people around here mixing Thermodynamics with Economics and pretending it makes sense and such.
joeltrout wrote:
I know you don't have to work in the industry to know about it but it definitely helps to have actual experience rather than reading about stuff online or in a book.
That would mean they actually might have THOUGHT about all of this, and if they did that we'd suddenly be inundated with cornocopians and have to rename the place PeakOilersWhoNowKnowBetter.com or some such. _________________ Freddy RULZ!
www.TrendLines.ca/scenarios.htm Home of the Real Peak Date ... set by geologists (not pundits) (or bankers) (or web "experts")
Joined: Oct 15, 2004 Posts: 2022 Location: Arkansas
Posted: Wed Apr 30, 2008 7:32 pm Post subject: Re: Do you work in the oil industry?
Shakespear is in the industry. He still posts here. Unlike gas pumper KTH, he and most of the others who work in the industry do see peak oil and natural gas as real issues.
Gasmon, I was not aware you are in the energy business and enjoyed your posts.
Posted: Wed Apr 30, 2008 7:49 pm Post subject: Re: Do you work in the oil industry?
seahorse wrote:
Shakespear is in the industry. He still posts here. Unlike gas pumper KTH, he and most of the others who work in the industry do see peak oil and natural gas as real issues.
Which peak issues? The old peaks, the plateau's, the current peak, more peaks yet in the future?
Everyone I know in the "gas pumping" business doesn't have quite the dim view of what peak actually means, but admittedly, some of them are economists. Working as cashiers of course, which is how I get to talk to them about this kinda stuff.
And while RocDoc and maybe this Shakespear guy are actual industry guys ( therefore experts here), versus the self proclaimed type annointed by the mods, what happened to Spike? Where is Simmons and Heinberg and Ruppert? Why doesn't Colin stop in and answer questions any more? Things that make you go hhhmmmmm......... _________________ Freddy RULZ!
www.TrendLines.ca/scenarios.htm Home of the Real Peak Date ... set by geologists (not pundits) (or bankers) (or web "experts")
Joined: Oct 15, 2004 Posts: 2022 Location: Arkansas
Posted: Wed Apr 30, 2008 8:23 pm Post subject: Re: Do you work in the oil industry?
KTH,
This is why you don't have my respect. You do nothing but ruin threads, intentionally. Joeltrout started this thread wanting to know who is in the industry. All you want to do, is be a smart ass. We get several posters here, Gasmon and Rockdoc who legitimately respond to JT's question. You, you only want to be a smart ass. Instead of bringing your expertise here to educate, as does Rockdoc for sure and Shakespear when asked, and there have been others, all you want to do is be a smart ass and ruin legitimate topics. Instead of adding, you detract, as evidenced on this thread without any provocation whatsoever.
Whether posting as KTH or previously as RGR (before being banned), you have always been the same smart ass and will never change. I've repeatedly tried to get you to educate and not be a smart ass, but its obvious, after ruining yet another thread for no apparent reason, that you will not change.
I don't know if you're purposely ruining this thread is a violation of the COC, but it ought to be, and you should be banned for it. But you're no stranger to that.
Joined: Oct 15, 2004 Posts: 2022 Location: Arkansas
Posted: Wed Apr 30, 2008 8:47 pm Post subject: Re: Do you work in the oil industry?
JT,
I think Gasmon's response is very illustrative, and in line with others over the years who have posted here. I've been here since 2004, and have learned a lot from insiders like (energydigger, Rockdoc, Shakespear, to name a few). In short, all say essentially what Gasmon said above, we will not return to cheap energy and the hi hopes for the North Sea show that reality sometimes throws cold water on those hopes. If one can get through all the vile on the Bakken thread, it too is illustrative that for all the "hope" the reality is the expected production from the Bakken will not be the panacea to a US economy built around cheap oil.
I found this statement by Gasmon went to the very heart of your question:
Quote:
In my experience, people working in the (gas) industry at the sharp end do not know very much about the overall picture.
Not only does this answer your question, but it also applies to KTH and everything he has ever posted.
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God bless you, young man! 
