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MrBlue105
Navy Fan
chillin with the BWC - anaconda
Member since Apr 2013
6602 posts

re: The Biggest Oil Discovery In 50 years - Australian game changer edition


quote:

it's oil shale


Well, no big deal then... Saudi is still the Crude kings of the world






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TH03
Notre Dame Fan
In Darth's Head
Member since Dec 2008
87796 posts

re: The Biggest Oil Discovery In 50 years - Australian game changer edition


quote:

I only had an hour conversation with someone who works for the Australian Dept. of Energy and Resources about this very issue they are having.

Who gives a frick about BHP Billiton ?


yea, I call bull shite.






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lsu480
Arizona State Fan
Downtown Scottsdale
Member since Oct 2007
61745 posts
 Online 

re: The Biggest Oil Discovery In 50 years - Australian game changer edition


quote:

scuse me bro? and by bro i mean never my bro, phaggot.


I would whup your arse tough guy!






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thedice20
New Orleans Saints Fan
Member since May 1926
Member since Aug 2008
7542 posts

re: The Biggest Oil Discovery In 50 years - Australian game changer edition


quote:

And?


Just making the statement that this "game changing" discovery may not be a game changer ( in the near future) if they

#1 Cant get it extracted ( no rigs, few workers, very strict and arsh geo business climate)

&

#2 Dont have a way to handle the associated gas or pipeline their oil out, even if they can get it past completion stages. ( assuming they even figure out the best way to complete this resource play)






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TH03
Notre Dame Fan
In Darth's Head
Member since Dec 2008
87796 posts

re: The Biggest Oil Discovery In 50 years - Australian game changer edition


quote:

Just making the statement that this "game changing" discovery may not be a game changer


that's the point I was originally making.

the haynesville was a game changer

and the bakken

and the utica

and the TMS

and the eagle ford


etc






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thedice20
New Orleans Saints Fan
Member since May 1926
Member since Aug 2008
7542 posts

re: The Biggest Oil Discovery In 50 years - Australian game changer edition


quote:

yea, I call bull shite.


ok. Go ahead.

International Pavillion at NAPE Conference .

People think that you can just poke a hole in the ground, flow thousands of barrels of oil, and go sell it at a flea market.
Takes a hell of alot of
work to create the infrastructure in order to make exploiting a resource a viable thing.


There were issues and still are issues with infrastrucure in s. texas.






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thedice20
New Orleans Saints Fan
Member since May 1926
Member since Aug 2008
7542 posts

re: The Biggest Oil Discovery In 50 years - Australian game changer edition








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thedice20
New Orleans Saints Fan
Member since May 1926
Member since Aug 2008
7542 posts

re: The Biggest Oil Discovery In 50 years - Australian game changer edition


quote:

that's the point I was originally making.



OK. Well then we are on the same page. I was just stating one of the many obstacles in the way of actually having this a viable game changing thing for that country






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RummelTiger
Arizona State Fan
National Corndog Day: 03/02/2014
Member since Aug 2004
66582 posts

re: The Biggest Oil Discovery In 50 years - Australian game changer edition


quote:

Australia = 2nd highest wealth per capita in the world for any decently large country, mostly from mineral wealth.

Looks like it just got higher.

I fricking love Aussies.



And isn't it ironic that it was a prison island?






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TheIndulger
Longwood Fan
Laffy Taffy
Member since Sep 2011
7579 posts
 Online 

re: The Biggest Oil Discovery In 50 years - Australian game changer edition


ARe you saying the Haynesville, bakken, and eagle ford were not game changers? The Haynesville single handedly bombed nat gas prices.





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OFWHAP
LSU Fan
Member since Sep 2007
4772 posts
 Online 

re: The Biggest Oil Discovery In 50 years - Australian game changer edition


quote:

ARe you saying the Haynesville, bakken, and eagle ford were not game changers? The Haynesville single handedly bombed nat gas prices.



Along with lack of storage and federal leasing laws that basically force companies to produce on their land or lose it.






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Pilot Tiger
Georgetown Fan
Washington DC
Member since Nov 2005
58965 posts

re: The Biggest Oil Discovery In 50 years - Australian game changer edition


quote:

How long before we declare war on them for having WOMD?
stealing reddit comments






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SWCBonfire
Texas A&M Fan
South Texas
Member since Aug 2011
421 posts

re: The Biggest Oil Discovery In 50 years - Australian game changer edition


Barrels of oil equivalent != barrels of oil.





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kfizzle85
LSU Fan
en oh, el ay
Member since Dec 2005
20826 posts

re: The Biggest Oil Discovery In 50 years - Australian game changer edition


quote:

ARe you saying the Haynesville, bakken, and eagle ford were not game changers? The Haynesville single handedly bombed nat gas prices.



Do you mean the Marcellus?






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USMCTiger03
LSU Fan
Member since Sep 2007
61478 posts

re: The Biggest Oil Discovery In 50 years - Australian game changer edition


OPEC is shitting a brick.





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TheIndulger
Longwood Fan
Laffy Taffy
Member since Sep 2011
7579 posts
 Online 

re: The Biggest Oil Discovery In 50 years - Australian game changer edition


Either I completely misread TH03's post, or he edited it somehow without leaving a trace





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TH03
Notre Dame Fan
In Darth's Head
Member since Dec 2008
87796 posts

re: The Biggest Oil Discovery In 50 years - Australian game changer edition


lol and what is the haynesville now? Chesapeake is out, petrohawk/BHP is all but completely out, and everyone has already moved to west texas drilling for oil, not gas. it's not really a game changer when the big boys leave town after 2-3 years.

the biggest game changer that came from that was increased horizontal drilling. hell, a lot of people in NWLA are starting to drill laterals into the Pettit zone instead of the haynesville. cheaper to drill half the depth and get crude than it is to drill 12-14k feet for gas.

maybe it's a game changer in the sense that it produced a lot of natural gas that is as useless as tits on a bull presently. it'll be more important when we have more uses for it.






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TH03
Notre Dame Fan
In Darth's Head
Member since Dec 2008
87796 posts

re: The Biggest Oil Discovery In 50 years - Australian game changer edition


I'm saying every new discovery is "the game changer of all game changers" when it hits the media. it's one thing that the oil/gas is there, it's a completely different thing to get leases/permits, drill, extract, refine, etc.

in a perfect world, yea, it would be monumental, but in the real world you have to factor in politics on a global scale, weather/natural disasters, pipeline availability, refinery space, etc. it's not just "oh there's so much oil here, game over, we win!!"






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USMCTiger03
LSU Fan
Member since Sep 2007
61478 posts

re: The Biggest Oil Discovery In 50 years - Australian game changer edition


quote:

And isn't it ironic that it was a prison island?

No...






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kfizzle85
LSU Fan
en oh, el ay
Member since Dec 2005
20826 posts

re: The Biggest Oil Discovery In 50 years - Australian game changer edition


Australia would know a thing or two about that too with their offshore gas projects. Oh look we found a bunch of gas, now we just need Shell and a bunch of national oil companies to put up ~$40 billion and build the biggest piece of floating equipment ever known to mankind and we should be able to start getting SOME of it out...in about 2017. What's that you say, Woodside? $45B was a bit more than you were looking to float for 6 years? Shucks.


This post was edited on 7/25 at 6:17 pm


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