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re: Oil and gas folks please explain the whole oil /gas scarcity thing to me
Posted on 4/10/24 at 3:32 am to Gee Grenouille
Posted on 4/10/24 at 3:32 am to Gee Grenouille
When people say "costly", it really just means more oil/energy is used to produce/transport it to market than is ultimately recovered, thus it's a net negative.
0
Posted on 4/10/24 at 5:03 am to Tempratt
quote:
Hasn’t stuff been dying and rotting for millions of years? So how are we running out of oil and gas? I’m no petroleum engineer but it seems unlikely to run out.
We don't. We have enough oil to last 5 more centuries easy, and that's only counting what we've currently found.
This post was edited on 4/10/24 at 6:58 am
Posted on 4/10/24 at 5:18 am to bayoumuscle21
quote:
We haven't enough oil to last 5 more centuries easy
quote:
We haven't
Not sure what you're trying to say here. But the US reserves are practically full. It was just a couple of years ago that we were out of storage capacity and storing it in massive tankers off the coast. And we still import it - which saves our supply.
Posted on 4/10/24 at 5:46 am to Tempratt
Ran out of dinosaurs man.
Posted on 4/10/24 at 7:02 am to GeauxTigers0107
quote:
Not sure what you're trying to say here. But the US reserves are practically full. It was just a couple of years ago that we were out of storage capacity and storing it in massive tankers off the coast. And we still import it - which saves our supply.
Edited-Autocorrect
The permian basin has more oil than all of the middle east. Don't believe the climate change BS. We're not running out of oil for a very long time.
Dems are ridiculous with fracking/drilling so it dampens the immediate supply. Point is we have an abundance of oil in our own soil.
Posted on 4/10/24 at 7:04 am to bayoumuscle21
quote:
The permian basin has more oil than all of the middle east.
Wut?
Posted on 4/10/24 at 8:11 am to tiger2180
quote:
Similar to water?
Every drop of water on the planet at some point has passed through the kidney of some animal...we are all drinking something that something at one time pissed out.
Posted on 4/10/24 at 8:32 am to Jim Rockford
quote:
Well you see Timmy, there's plenty of oil and gas, but it's places that are inaccessible or cost prohibitive.
Years ago they found a crude called Doba, in the country of Chad. Approximately 750 miles of pipeline was installed to get it to a port, being able to load tankers. There is crude in 99% of the countries around the world!
Posted on 4/10/24 at 8:36 am to fr33manator
quote:\
Ran out of dinosaurs man.
Damned asteroid or whatever.
Posted on 4/10/24 at 12:52 pm to Tempratt
quote:
Hasn’t stuff been dying and rotting for millions of years? So how are we running out of oil and gas? I’m no petroleum engineer but it seems unlikely to run out.
Hydrocarbons are formed biotically and abiotically. This is proven by the abiotic hydrocarbons that exist on other planets like Saturn and Uranus and prolifically on some of their moons. It's also proven on Earth through the chemical process known as Sabatier reaction.
But don't allow the media to create anxiety about energy shortages. We will never have insufficient energy.
The danger is not the lack of energy. The danger is the suppression of human creativity to access the energy.
For example the strong nuclear force between neutrons and protons in the atom has enough energy to lift 175 pounds of mass. We have the know-how to access that energy via nuclear fission.
The only potential barrier to energy is ourselves.
Posted on 4/10/24 at 1:55 pm to Tempratt
There’s oil deposits everywhere, but within complex geography’s and amounts that make it uneconomical to drill.
Lookup the Monterey Shale formation in California. It’s one of the biggest deposits in the world, but unattainable due to the viscosity and tight formation. Basically it’s too deep for rod lift due to viscosity and pressure losses and can’t be fracked successfully as the propant can’t go far enough into the formation for enough flow.
Couple that with a-hole regulations making it harder to permit or more expensive and you decrease investment in exploration and production.
Lookup the Monterey Shale formation in California. It’s one of the biggest deposits in the world, but unattainable due to the viscosity and tight formation. Basically it’s too deep for rod lift due to viscosity and pressure losses and can’t be fracked successfully as the propant can’t go far enough into the formation for enough flow.
Couple that with a-hole regulations making it harder to permit or more expensive and you decrease investment in exploration and production.
Posted on 4/10/24 at 2:24 pm to The Goon
Green River formation is the largest known in the world and it sits square in the U.S.
Posted on 4/10/24 at 2:26 pm to Tempratt
Posted on 4/10/24 at 3:40 pm to redstick13
quote:
Green River formation is the largest known in the world and it sits square in the U.S.
I did not know this. I read a bit about production methods that are being tested and this seems beyond challenging. Payoff seems incredible, though, with breakeven costs at $25 BOE.
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