Like the illusion of Wall Street, with its vast and powerful investment banks, now shuttered, China too is an illusion perpetuated by the Globalists that gave us the 15,000 mile Caesar salad, poisoned cat food and lead based paint on babies' pacifiers. Like the illusion that money would come from thin air to always push housing prices higher, China has spent a generation pursuing its illusion. Pursuing an unattainable dream to be like the West, while 6000 years of its carefully shepherded top soil blows into the sea.
Posted: Sun May 25, 2008 2:42 pm Post subject: Oil Bidness
Yes, I can spell business. Here in NW Louisiana it is pronounced bidness and we are in it for the long run. Some of my wells have been producing since 1930. We completed a new 7500 ft well two weeks ago to stick a new straw into a deeper structure than we have been working for the past 75 years. This country has more oil still in the ground than we have used since man invented the internal combustion engine. We simply have to stop preventing our energy companies from drilling for oil. Life as we know it depends on petroleum until and unless a more user friendly energy is discovered and that means back off all the contrived B.S. about Climate Warming and greenhouse gases. Just stick to the facts and science will solve our problems as it has since man started walking on his hind feet.
Posted: Sun May 25, 2008 2:48 pm Post subject: Re: Oil Bidness
Geez. I'm a newbie and even I'm dumbfounded by the deluge of first posts claiming that there's enough oil to fuel us to the end of time without any scientific theory to back up those claims.
Is this the kind of posts we have to look forward to with MSM putting PO out there?
Posted: Sun May 25, 2008 4:50 pm Post subject: Re: Oil Bidness
Wow, very impressive to pack so many ignorant thoughts into one small post.
First, this comment is hilarious . . .
Quote:
Just stick to the facts and science will solve our problems as it has since man started walking on his hind feet.
Tell that to the Tsunami victims. The great Potato Famine victims. The Black Plague victims. Thalidomide victims.
An indefensible and ignorant post based on that alone.
But then you throw in the "there's more oil in the ground than . . .".
There seems to be three types of DSEs arriving at the board.
1. Think Big Oil is sticking it to us.
2. Think there's plenty of oil, we just need to drill more.
3. Think alternatives are waiting and it will be simple to swap out.
Board Mods and such, perhaps it would be worth having a link/sticky type thing on the splash page to offer a one paragraph reply to each of these, or supply links to threads on topic, if for nothing else than to try to subdue some of the DSE 1st posts. _________________ Massive Human Dieoff must occur as a result of Peak Oil. Many more than half will die. It will occur everywhere, including where you live. If you fail to recognize this, then your odds of living move toward the "going to die" group.
Posted: Mon May 26, 2008 1:11 am Post subject: Re: Oil Bidness
usncom wrote:
Geez. I'm a newbie and even I'm dumbfounded by the deluge of first posts claiming that there's enough oil to fuel us to the end of time without any scientific theory to back up those claims.
Is this the kind of posts we have to look forward to with MSM putting PO out there?
usncom, you're not a n00b you're a grasshoper or padawan _________________ @deviantART @wordpress @hi5
Posted: Mon May 26, 2008 6:35 pm Post subject: Re: Oil Bidness
rfahoss wrote:
Yes, I can spell business. Here in NW Louisiana it is pronounced bidness and we are in it for the long run. Some of my wells have been producing since 1930. We completed a new 7500 ft well two weeks ago to stick a new straw into a deeper structure than we have been working for the past 75 years. This country has more oil still in the ground than we have used since man invented the internal combustion engine. We simply have to stop preventing our energy companies from drilling for oil. Life as we know it depends on petroleum until and unless a more user friendly energy is discovered and that means back off all the contrived B.S. about Climate Warming and greenhouse gases. Just stick to the facts and science will solve our problems as it has since man started walking on his hind feet.
Posted: Thu May 29, 2008 12:36 am Post subject: Re: Oil Bidness
It is amazing at how unintelligent some people must be. Oil is the end result of a natural process starting with tiny one celled plants and animals common to the oceans of our fair planet. They live and multiply creating a veritable soup of plankton in our oceans, as they die and drift to the bottom of the sea, they are buried under silt and mud, cooked by the pressure of the rock that forms around them and change to petroleum trapped in sandstone and shale rock formations for millions of years. As the tektonic plates move and shift, these rock structures are compressed fractured and move up and down so that what was once the bottom of the sea becomes dry land and is now called Louisiana, Texas, Oklahoma and Arkansas. This process is ongoing and has been in process for eons in the past. Man was very inefficient in removing oil from under the ground. At first we simply pushed a straw of steel into an underground structure and natural gas pressure pushed oil, saltwater and distillates up through the straw. If the gas pressure played out we stopped producing the wells, then we decided to use the natural gas to run powerful engines that pumped oil and water to the surface. We separated the oil from the water and sold the oil, discarded the water and just flared off the excess natural gas. As the price of oil climbed the desire to recover all the oil left behind after the wells stopped flowing and lost their water flood and gas pressure, oil producers like me started using more modern and scientific ways to make oil wells produce again. Yes, there is more oil left in the sandstones and shales than we have taken out in the past. We use water flood to move oil to areas we have fractured and acidized so that we have a pool of oil that we now pump from deep undergroud using electricity to power the pumps. This electricity is produced by burning low sulphur coal which at last calculation, the U.S.A. had 200 years of supply left. I am just a small producer of oil from old leases that were considered played out by the big guys, but instead of crying over what is burned and gone I try to produce enough petroleum products to earn me a living and power your auto so you can go to work every day. Science is the power that created medicines, more reliable and economical engines of commerce. It certainly didn't cause an undersea earthguake and throw a huge wave over Thailand. I believe that may be called an act of God.
Posted: Fri May 30, 2008 12:20 am Post subject: Re: Oil Bidness
rfahoss wrote:
It is amazing at how unintelligent some people must be. Oil is the end result of a natural process starting with tiny one celled plants and animals common to the oceans of our fair planet. They live and multiply creating a veritable soup of plankton in our oceans, as they die and drift to the bottom of the sea, they are buried under silt and mud, cooked by the pressure of the rock that forms around them and change to petroleum trapped in sandstone and shale rock formations for millions of years. As the tektonic plates move and shift, these rock structures are compressed fractured and move up and down so that what was once the bottom of the sea becomes dry land and is now called Louisiana, Texas, Oklahoma and Arkansas. This process is ongoing and has been in process for eons in the past. Man was very inefficient in removing oil from under the ground. At first we simply pushed a straw of steel into an underground structure and natural gas pressure pushed oil, saltwater and distillates up through the straw. If the gas pressure played out we stopped producing the wells, then we decided to use the natural gas to run powerful engines that pumped oil and water to the surface. We separated the oil from the water and sold the oil, discarded the water and just flared off the excess natural gas. As the price of oil climbed the desire to recover all the oil left behind after the wells stopped flowing and lost their water flood and gas pressure, oil producers like me started using more modern and scientific ways to make oil wells produce again. Yes, there is more oil left in the sandstones and shales than we have taken out in the past. We use water flood to move oil to areas we have fractured and acidized so that we have a pool of oil that we now pump from deep undergroud using electricity to power the pumps. This electricity is produced by burning low sulphur coal which at last calculation, the U.S.A. had 200 years of supply left. I am just a small producer of oil from old leases that were considered played out by the big guys, but instead of crying over what is burned and gone I try to produce enough petroleum products to earn me a living and power your auto so you can go to work every day. Science is the power that created medicines, more reliable and economical engines of commerce. It certainly didn't cause an undersea earthguake and throw a huge wave over Thailand. I believe that may be called an act of God.
I have a question. What does it matter how oil was formed, how many trillions of barrels might be in shale etc etc, if we can't get it out of the ground & into production as fast as we use it? I thought that was the whole point of peak oil. We are running out of the easy cheap free flowing oil & turning to costly hard to extract heavy crude, not that there isn't any oil left in the ground. Did I miss something along the way?
Posted: Mon Aug 18, 2008 12:52 am Post subject: Re: Oil Bidness
This March, 2008 a new discovery well was completed in a structure called the Haynesville Shale in NW Louisiana. This find is the fourth largest natural gas discovery in the world, the largest in the United States. The average well in this play produces 15,000,000 cu. ft. of natural gas each day. This is a 200 year supply for the future needs in the USA. It is clean burning and is priced at 7.50 per 1,000 cu. ft. A landowner will make at todays prices about $150.00 per day per mineral acre. Science and new technology will keep the nation supplied with petroleum until one of you nay saying geniuses discovers a new energy to take its place. Instead of screaming and crying about how bad the world is becoming try saying a prayer to the Great Spirit to help us have the wisdom, the strength, and the courage to carry out his will here on earth. Our nation will survive and thrive but it won't be because we run our cars on good corn whiskey instead of gasolene.
Posted: Mon Aug 18, 2008 12:07 pm Post subject: Re: Oil Bidness
Rfahoss,
First, congrats on your leases. I’ve been a petroleum geologist for 33 years and always enjoy seeing the smiling faces on my lessors. My company is hip deep in the unconventional gas plays in E Tx. and N La. Will be spudding my first horizontal Haynesville well next month. Yep…there’s a lot of gas to be produced in that play as well as many others. But I’ve also worked other areas of the world: from the Deep Water in the Gulf of Mexico to western Africa. What’s difficult for you to scale is the high activity and success all around you vs. what’s going on in the rest of the world. Can’t pick on you for that….you don’t have the data in front of you so you can’t see the magnitude of the problem outside your portion of the world. The really big mega fields in the world that are producing so much of our current consumption are declining. And may be declining much quicker soon. The big problem isn't so much how much oil/gas is left but how fast can we get it out of the ground. A single well in one of these mega fields may have produced as much oil in one day as your entire parish produced in one month at the peak of its life. And these are the wells that are declining rapidly, or will be shortly.
I know N La. well and there will be new wells drilling there 100 years from today. But the key is that we can’t drill fast enough to offset the declines of the mega fields. Even new fields in the GOM that I’ve worked on, like Thunderhorse, may come on at 200,000 bopd but they are short lived. Within 5 or 6 years it may be down to 30,000+ bopd. Still a great money maker but not like it started out. And that’s whats most of the chatter here is about: not how much oil/gas is left but how can we increase production rates to offset the declines in these mega fields that have been producing for 50+ years. I know of no one in the oil patch that thinks we have any chance to replace this huge decline we’re getting very close to. Yep....100’s of thousands oil wells left to drill here but they won’t make up the short fall.
Again, sincere congrats on the mailbox money. Always nice to spread the wealth around.
Joined: May 26, 2008 Posts: 1190 Location: Chicago, IL
Posted: Mon Aug 18, 2008 2:10 pm Post subject: Re: Oil Bidness
Echoing Rockman's words, sincere congratulations on your business.
rfahoss wrote:
Yes, there is more oil left in the sandstones and shales than we have taken out in the past.
No one is counting how many drops of oil is left vs taken, however, it is believed we're at half-point, given or taken a few years if you will. At stake is "what now?" The dependency is bigger than ever, the rate of consumption is growing faster than ever, the retail prices (in this country) are higher than ever, P&P costs are higher than ever, and there is no substitute in sight. Ethanol, hydrogen, algae, fuel tax cut, etc, is politician's stuff to get them elected, and all have pros and cons. Again, what now? Then you cross with other crisis, ie, soil and forest depletion, potable water degradation, increasingly acidic ocean water, increasingly CO2 concentration, population explosion, etc, etc. Perhaps all of these, perhaps none of these have its roots with oil, but the fact is they're here, and peak oil is just part of the problem.
It's a very different world since we stood erect in our hind quarters.
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