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re: Scientists discover more efficient way of extracting oil from existing wells
Posted on 5/4/17 at 5:12 pm to Jim Rockford
Posted on 5/4/17 at 5:12 pm to Jim Rockford
As a petroleum engineer this could be good; it's not something that isn't understood by anyone who graduated with the degree. We actually cover thoroughly about oil-water-gas-rock contact with each other and the associated physics. Whatever the discovery is that this guy has will most likely be available to only the Majors (Shell, Chevron). I'd imagine engineering dealing with something that incredibly small will be expensive. Bottom line is it's only help to have more jobs.
0
Posted on 5/4/17 at 5:16 pm to PrimeTime Money
Posted on 5/4/17 at 5:25 pm to el duderino III
quote:
increased efficiency in extraction is pretty much an axiom of the oil industry. It's also something the chicken littles of the save the planet movement always fail to understand
1. 90% of the oil in Titusville, Pennsylvania is still in the ground. similar in Oklahoma.
2. save the planet.
Posted on 5/4/17 at 5:39 pm to Jim Rockford
My 4x4 truck doesn't run on nano gallons of gas. Hell, doubt it would even crank up on a nano. Just sayin...
Posted on 5/4/17 at 6:21 pm to Jim Rockford
Them Saudi baws gonna have to sell their F-250s
Posted on 5/4/17 at 6:24 pm to Jim Rockford
quote:
Scientists discover more efficient way of extracting oil from existing wells
quote:
Truck nut sales plumme
More efficient means more profit which means more truck nuts
Posted on 5/4/17 at 6:25 pm to lsuguy84
quote:
So, you don't understand what you posted? Interesting.
Just another opportunity for Jim Rockford to bring up truck nuts. Dude must have a closet full of em
Posted on 5/4/17 at 6:31 pm to Blitzed
What percentage of oil produced domestically looks like that? Best I can tell it's about 18 percent of domestic production. And while the external physical appearance has changed very little, there have been improvements in the internal mechanisms and drivers to increase the efficiency of these stripper wells.
There are several other reasons why the graphic is idiotic but I'm sure that if the poster really wanted to know he would have done a little research before he posted this.
There are several other reasons why the graphic is idiotic but I'm sure that if the poster really wanted to know he would have done a little research before he posted this.
Posted on 5/4/17 at 6:34 pm to Blitzed
The best part about your picture is that without the stuff on bottom you never get the stuff on top 
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