Interesting Oil/Fuel Info

mbalbritton

mbalbritton

#@$%!
Joined
Mar 22, 2005
Location
Lakeland, FL
I know we've had some good Oil/Fuel threads so I thought I'd share this.

On another board someone brought up a YouTube video of this Guy talking about the Energy Non Crisis. Ends up the Video was from the Late 70's Early 80's. His opening comment made me shake my head. Alaska's North Shore has more oil than Saudi Arabia. I called Horse Shit on that and gathered some information from Dear Ole Dad. 30+ years in Oil and Pharmaceuticals. Currently preparing to retire from Senior Vice President of the Largest Engineering firm in the World.

what he had to say was pretty interesting and just thoguht I'd share:

Like everything else in this world, this is a case of figures lie and liars figure. In this case, Mr Williams needed to do something to sell his book but the content is very slanted to support his theory. Saudi Arabia has so much more oil than any other country that it is not even close. Actual reserve numbers for the big countries are shown below as reported by Oil and gas Journal which is an official industry publication, Total in the world is 1,317 Billion Barrels so Saudi has about 20% and the USA; including Alaska; has less than 2% .

Canada 179 Billion barrels
Mexico 12
USA 22
Brazil 12
Venezuela 80
Kazakhstan 30
Russia 60
Iran 136
Iraq 115
Kuwait 102
Qatar 15
Saudi 262
UAE 98
Algeria 13
Libya 42
Nigeria 36
China 16

As for pumping gas back into the ground in Alaska and for that matter, many other places in the world, that is very true but again it is not the whole story. The gas that is present in Alaska is called associated gas because it is mixed with the oil in the reservoir so when the oil is recovered we have to separate the gas from the oil and the gas is then pumped into the ground. There are several reasons that this has been the practice: (1) Pumping the gas back into the reservoir increases the well head pressure and makes it easier to extract the oil; (2) It is not a good idea to burn or flare the gas as this produces greenhouse gases; and (3) it has not been economical to recover the gas due to the remote location in Prudhoe bay which is on the North Slope of Alaska. Today with the price of gas so high, there is a project being planned called the Alaska gas Pipeline Project and we are tracking it. It would recover all the gas and bring 4.5 Billion cubic feet per day to the Lower 48 and is estimated to cost about $30 Billion. The Oil Companies ( ExxonMobil, bp, and ConocoPhillips) want to do the project but the State and Federal Governments from the USA and Canada are playing politics while we continue to pay more and more for gas.
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Second email
There has not been a new refinery built in the US since the early 80's although there has been a lot of capacity increasing projects and other projects that make both gasoline and diesel more environmentally friendly. There are no new refineries planned as such but right now there are major expansions ;about 4; that will cost $2 to 3 Billion each. The demand in the US is greater than the refining capacity but not by much and the present round of expansions will pretty much bring us close to balance assuming growth continues.
The Refining business Digest reports" Gasoline stocks in the week to Jan.4 by an unexpected 5.3MM bbl to 213.1MM bbl, the highest in 10 months. Gasoline consumption is currently poor as is heating oil due to tepid temperatures". In short, the only problem we have are the liars trying to figure out a way to charge us more money for gasoline and diesel and fuel oil.

By the way, one thing I should have added to the Oil story is that the reserves figures quoted are proven reserves only and do not include undiscovered or un quantified reserves such as the "Oil Shale" in the western USA. These are estimated to be huge amounts but to date the technology is not developed to make the extraction of the Oil from the Coal shale economic but it will come just as recovery of oil from the deep waters (800 ft. down) of the Gulf of Mexico, Offshore Angola, and other areas was not feasible 10 years ago.
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just thought there was some interesting info.
 
so...we should basically take over canada due to the fact its closer than anywhere else.....or just put iraq under our power and slowly take over the middle east?....oops lol sorry didnt mean for that to come out, forgot it wasnt the middle ages we cant do stuff like that anymore bc our govt cares what people think of them.....oh well
 
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