Newfie wrote:Puff piece on offshore production around Newfoundland.
https://rbnenergy.com/i-am-a-rock-build ... production
America’s shale industry is about to undergo its latest transformation, and this time, consumers aren’t going to come out on top.
Javier Blas visited Midland, Texas, the capital of the Permian Basin and an epicenter of US oil production. What he found there was an interesting consensus: Output will likely reach its peak in a few years and remain flat. That leaves the question of what a post-peak planet will look like — and right now it looks like shareholders are going to be the big winners of the shale slowdown.
The American Oil Boom
We calculate that the energy efficiency of the best existing Fischer–Tropsch (FT) process applied to average coal in Montana is less than 1/2 of the corresponding efficiency of an average crude oil refining process. The resulting CO2 emissions are 20 times (2000%) higher for CTL than for conventional petroleum products
Jul 16, 2021
The U.S. shale industry has lost hundreds of billions of dollars in the past decade producing oil and selling it for less than it cost to produce.
This was possible because despite the losses, investors kept giving the industry money. But now investors appear to have grown tired of losing money on U.S. shale companies and new lending to the industry has dropped dramatically.
theluckycountry wrote:I still hold that the peak of conventional oil in 2008 was "peak-oil".
theluckycountry wrote:Shale is a shell game too, if the true returns were stated upfront no one would have ever invested in it.
Hubbert's Peak is Finally Here
06/ 15/ 2023
Topics: Commodities, Natural Resources, Contrarian, Oil
The article below is an excerpt from our Q1 2023 commentary.
Conventional oil production has now unequivocally rolled over. Unconventional production, the only source of growth in global oil supply over the last 12 years, has also significantly slowed. The only growing non-OPEC basin is the Permian in West Texas. Never before has oil supply growth been so geographically concentrated. Six counties in West Texas are now 100% responsible for all global production growth.
Conventional non-OPEC oil production peaked in 2007 at 46.2 mm b/d and now stands at 44.2 mm b/d – 4% below its peak. Including OPEC, conventional global output peaked in 2016 at 84.5 mm b/d and now stands at 81.3 m b/d – 5% below its peak. Even if OPEC has its alleged 4 mm b/d of unused production capacity (something we do not believe), conventional production would barely regain its 2016 peak.
jato0072 wrote:Hubbert's Peak is Finally HereHubbert's Peak is Finally Here
06/ 15/ 2023
Topics: Commodities, Natural Resources, Contrarian, Oil
The article below is an excerpt from our Q1 2023 commentary.
jato0072 wrote:Hubbert's Peak is Finally Here
06/ 15/ 2023
Conventional oil production has now unequivocally rolled over. Unconventional production, the only source of growth in global oil supply over the last 12 years, has also significantly slowed.
Dnyuz wrote:In Mexico, drug cartels are taking the monster truck concept to another terrifying level, retrofitting popular pickups with battering rams, four-inch-thick steel plates welded onto their chassis and turrets for firing machine guns.
Some of Mexico’s most feared criminal groups, including the Jalisco New Generation Cartel, are using the vehicles in pitched gun battles with the police. Other organizations, like the Gulf Cartel and the Northeast Cartel, use the armored trucks to fight each other.
Mexican security forces call these vehicles monstruos (monsters), but they are also known as rinocerontes (rhinos) and narcotanques (narco-tanks). Cartels emblazon the exteriors with their initials or the latest in camouflage patterns, at times making them hard to distinguish from official military vehicles.
Flashy interiors of larger trucks feature front seats with a cockpit-like array of buttons and lights, metal seats from where gunmen can lean their rifles through holes and, in the middle, a hatch similar to that of a tank.
theluckycountry wrote:The United States consumes an average of 20.6 million barrels of oil a day
700/20= 35 days supply.
Hardly worth it in the scheme of things isn't it.
mousepad wrote:theluckycountry wrote:The United States consumes an average of 20.6 million barrels of oil a day
700/20= 35 days supply.
Hardly worth it in the scheme of things isn't it.
very much worth it for emergencies.
mousepad wrote:theluckycountry wrote:The United States consumes an average of 20.6 million barrels of oil a day
700/20= 35 days supply.
Hardly worth it in the scheme of things isn't it.
very much worth it for emergencies.
theluckycountry wrote:mousepad wrote:theluckycountry wrote:The United States consumes an average of 20.6 million barrels of oil a day
700/20= 35 days supply.
Hardly worth it in the scheme of things isn't it.
very much worth it for emergencies.
Can you suggest an emergency that wouldn't last more than 35 days?
Wm-scott wrote:The coming war with Russia and China is all about maneuvering events into a situation where the US appears to be justified in launching a first strike on both of them. Leaving the US as the sole world super power. The US then occupies the oil fields of the world and has total control over the world oil supply.
You can support my insanity by buying my new book "Dawn of the Flat Earth" at Amazon.com
Wm-scott wrote:There is a chance that what the American government is doing, selling off the strategic oil reserve, actually makes perfect sense, if, they have a plan.
Wm-scott wrote: The coming war with Russia and China is all about maneuvering events into a situation where the US appears to be justified in launching a first strike on both of them.
Wm-scott wrote:The US then occupies the oil fields of the world and has total control over the world oil supply. This creates the second American Pax, a peace enforced by cutting off oil supplies to any nations that fail to comply with the American agenda. Having nearly total economic control, the US then uses the United Nations as a puppet to make it appear that the UN is governing the world, as a front and a justification for US actions. The US would of course have nearly unlimited access to low cost oil, and most of the money from global oil sales would go to the US. With such a 'golden energy age' about to dawn in America, it makes sense to sell off the strategic reserve to keep America going to bridge the gap until then.
Wm-scott wrote:Of course this is just a silly conspiracy theory that I dreamed up which is easily disproved in time
Wm-scott wrote:You can support my insanity by buying my new book "Dawn of the Flat Earth" at Amazon.com It is an adventure farce about science suddenly discovering the earth is flat, which is only slightly crazier than the world we are currently living in, and considering current US politics, it could actually happen.
jato0072 wrote:
The future is Mad Max?Dnyuz wrote:In Mexico, drug cartels are taking the monster truck concept to another terrifying level, retrofitting popular pickups with battering rams, four-inch-thick steel plates welded onto their chassis and turrets for firing machine guns.
Some of Mexico’s most feared criminal groups, including the Jalisco New Generation Cartel, are using the vehicles in pitched gun battles with the police. Other organizations, like the Gulf Cartel and the Northeast Cartel, use the armored trucks to fight each other.
Mexican security forces call these vehicles monstruos (monsters), but they are also known as rinocerontes (rhinos) and narcotanques (narco-tanks). Cartels emblazon the exteriors with their initials or the latest in camouflage patterns, at times making them hard to distinguish from official military vehicles.
Flashy interiors of larger trucks feature front seats with a cockpit-like array of buttons and lights, metal seats from where gunmen can lean their rifles through holes and, in the middle, a hatch similar to that of a tank.
Link
The Spice must flow!
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