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Posted: 10/2/2014 8:57:08 PM EDT
[#1]
Quote HistoryQuoted: Quote HistoryQuoted: At these price levels we'll find the true cost of fracking.Quoted: There isn't a lot of profit producing synthetic oil at these levels. For some fields $90 a barrel of synthetic oil is too cheap to keep up production. Let's not forget "fracking" doesn't produce oil. It produces a substance that can be turned into synthetic oil, but it requires a lot of energy to do it. There is no such thing as "shale oil". It's a misnomer. If prices drop much more a lot of production will have to come off line.  WTF are you talking about. Fracing is to allow more production out of the formation. It doesn't TURN anything. You did get your last sentance correct. "shale oil" or "sands oil" can only be productive if the $ per bbl stays over $65.00 US. I hear that $82.00 bbl is the magic number...at which new exploration will cease. I'm good with $90 - $100 bbl oil....lest we have the same thing happen with crude as happened to natural gas when the bottom fell out. You that cheer for cheap crude prices should be careful what you wish for. It could lower prices...temporarily...and cost tens of thousands of good paying jobs, a sell off of domestic drilling infrastructure to other countries...and once the production dwindles....skyrocketing gasoline prices. The last time this 'government induced' bullshit happened (70's) ...we lost the vast majority our domestic drilling infrastructure, became dependent on foreign oil....and it is still coming back. Free Market Economy for the win!  |
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Posted: 10/2/2014 9:03:11 PM EDT
[#2]
Quote HistoryQuoted:
Time to ban fracking. I thought you were going to start talking about invading the USA for its blood-oil. 
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Posted: 10/2/2014 9:07:41 PM EDT
[#3]
cheap gas- check
plenty of good steel - check now lets get these damn insurance companies out of the way bring back the firebird, GTO, CHARGER, CAMERO, BARRACUDA, ROAD RUNNER ALL WITH GIGANTIC BIGGER ENGINES LONGER HOODS BIGGER BENCH REAR SEATS and louder stereos 
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Posted: 10/2/2014 9:09:35 PM EDT
[#4]
I'm not hoping for another oil bust or anything... but it would result in a corresponding collapse in some of the land prices around here.
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Posted: 10/2/2014 9:13:01 PM EDT
[#5]
Quote HistoryQuoted:
Jimmah Carter created the US Dept of Energy to end the USA's dependence upon foreign oil. And what a fine job the DOE has done...  I always thought Jimmy was an inbred chronically masturbating idiot with like siblings and extended family, but Obama has made him look like a genius comparable to Leonardo Da Vinci, Albert Einstein and Booker T. Washington.
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Posted: 10/2/2014 9:14:26 PM EDT
[#6]
Quote HistoryQuoted: It'd sold overseas for more? Not enough refineries? Guesses bingggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggo FBHO |
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Posted: 10/3/2014 12:12:47 AM EDT
[#7]
Quote HistoryQuoted: I thought you were going to start talking about invading the USA for its blood-oil. Quote HistoryQuoted: Quoted: Time to ban fracking. I thought you were going to start talking about invading the USA for its blood-oil. If the US gets burning-tapwater-oil from fracking then there will be less demand for blood-oil.  |
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Posted: 10/3/2014 12:14:43 AM EDT
[#8]
Quoted: The USA The US is overtaking Saudi Arabia to become the world’s largest producer of liquid petroleum, in a sign of how its booming oil production has reshaped the energy sector. US production of oil and related liquids such as ethane and propane was neck-and-neck with Saudi Arabia in June and again in August at about 11.5m barrels a day, according to the International Energy Agency, the watchdog backed by rich countries. |
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Posted: 10/3/2014 12:16:11 AM EDT
[#9]
Quote HistoryQuoted:
There is still an export ban on crude.....but obviously, the loophole is just to refine it here and then ship it overseas. We are still importing shit ton of oil, mostly from South America and Canada. The bottom line is that if we wanted to lower the price of gas / diesel for Americans, it could easily be accomplished. But that's not going to happen....you know, because of "capitalism"government Quote HistoryQuoted:
Quoted:
It'd sold overseas for more? Not enough refineries? Guesses There is still an export ban on crude.....but obviously, the loophole is just to refine it here and then ship it overseas. We are still importing shit ton of oil, mostly from South America and Canada. The bottom line is that if we wanted to lower the price of gas / diesel for Americans, it could easily be accomplished. But that's not going to happen....you know, because of "capitalism"government Fixed. |
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Posted: 10/3/2014 12:25:53 AM EDT
[#10]
Quote HistoryQuoted:
What kinda gravity are we talking? Quote HistoryQuoted:
Quoted:
The stuff I pull out of the ground in ND is as light as diesel and could damn near be ran through a coffee filter and dumped in a truck's tank. Posted Via AR15.Com Mobile What kinda gravity are we talking? API between 39 (rare) and 51. Usually 42-47. I don't know what that is in SAE, and that is all I can find for diesel. |
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Posted: 10/3/2014 12:29:24 AM EDT
[#11]
Quoted:
The USA http://www.ft.com/intl/cms/s/0/98104974-47e4-11e4-be7b-00144feab7de.html#axzz3ElO63eOf The US is overtaking Saudi Arabia to become the world’s largest producer of liquid petroleum, in a sign of how its booming oil production has reshaped the energy sector. US production of oil and related liquids such as ethane and propane was neck-and-neck with Saudi Arabia in June and again in August at about 11.5m barrels a day, according to the International Energy Agency, the watchdog backed by rich countries. http://i173.photobucket.com/albums/w47/stockula/dreams.jpg OP, I opened this thread right as my girlfriend walked by. She demanded that I save that image of the dog so it can be her new cover photo on facebook... |
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Posted: 10/3/2014 12:31:24 AM EDT
[#12]
Quote HistoryQuoted:
So remind me again why it costs $100 to fill up my truck? I just took a look at the Gas Buddy charts out of curiosity. It appears that gas prices have been trending down since 2011 and Oil just broke through it's bottom trend line this path month. Interdasting... |
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Posted: 10/3/2014 12:32:34 AM EDT
[#13]
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Posted: 10/3/2014 12:40:19 AM EDT
[#14]
Quote HistoryQuoted:
So remind me again why it costs $100 to fill up my truck? because we still only produce about half of what we consume. |
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Posted: 10/4/2014 9:29:08 PM EDT
[#15]
Quote HistoryQuoted: OP, I opened this thread right as my girlfriend walked by. She demanded that I save that image of the dog so it can be her new cover photo on facebook... Quote HistoryQuoted: Quoted: The USA http://www.ft.com/intl/cms/s/0/98104974-47e4-11e4-be7b-00144feab7de.html#axzz3ElO63eOf The US is overtaking Saudi Arabia to become the world’s largest producer of liquid petroleum, in a sign of how its booming oil production has reshaped the energy sector. US production of oil and related liquids such as ethane and propane was neck-and-neck with Saudi Arabia in June and again in August at about 11.5m barrels a day, according to the International Energy Agency, the watchdog backed by rich countries. http://i173.photobucket.com/albums/w47/stockula/dreams.jpg OP, I opened this thread right as my girlfriend walked by. She demanded that I save that image of the dog so it can be her new cover photo on facebook... |
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Posted: 10/4/2014 9:33:52 PM EDT
[#16]
Yet, the USA cannot legally export its oil.
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