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Started By
Message
2
Posted on 12/6/18 at 1:46 pm to WildTchoupitoulas
quote:
Damn, that's bad news.
For snowflakes like you, yes. Great for guys like me in the oil and gas industry.
Posted on 12/6/18 at 1:49 pm to upgrayedd
quote:
I've got limited experience in that area, but IIRC, that stuff typically has a ton of H2S in it
Excellent! That's a specialty for the company I work for. We separate the H2 and sell it in pure form.
Posted on 12/6/18 at 1:51 pm to WildTchoupitoulas
quote:
Yes.
Peak discovery occurred in the 60s.
Unless you think petroleum is a renewable resource, peak oil is inevitable. Sorry.
Oil is a renewable resource as long as the carbon cycle and sedimentation are a thing.
Posted on 12/6/18 at 1:52 pm to bamarep
Think I first heard the term "Wolfcamp" in '13 or '14.
This post was edited on 12/6/18 at 1:53 pm
Posted on 12/6/18 at 1:54 pm to bamarep
quote:
The new shale oil and gas formation known as Wolfcamp
Posted on 12/6/18 at 1:54 pm to Tiger Prawn
quote:
Truck nuts [ON] OFF
Posted on 12/6/18 at 1:56 pm to brian_wilson
quote:
am always amazed when they find these things.
It isn't new, wasn't just found. I'm always amazed how terrible these articles are. It shows how little we all really know about any industry we don't work in.
Posted on 12/6/18 at 1:56 pm to TeLeFaWx
quote:
Oil is a renewable resource as long as the carbon cycle and sedimentation are a thing.
Only if it's being replenished at a rate faster than production.
...and then only if you don't believe the Earth is only 3,000 years old.
Posted on 12/6/18 at 1:56 pm to bamarep
Looks like TigerAxe might need to reconsider my choice to not apply for the refinery job in NM...
Posted on 12/6/18 at 1:56 pm to TeLeFaWx
quote:
The USGS updated the proven/probable reserves of the wolfcamp, a well known formation that's been producing for years. These sensationalist headlines are odd.
No shite
Posted on 12/6/18 at 1:57 pm to pochejp
quote:
Great for guys like me in the oil and gas industry.
Really? You like prices lower than current?
Posted on 12/6/18 at 2:00 pm to Tiger Prawn
quote:
Truck nuts [ON] OFF
With a fresh neck tat baw!
Posted on 12/6/18 at 2:04 pm to cwill
I dont work in O&G. and really don't have any family that works in it anymore either. SO i don't know shite about it.
eta: in laws own a bunch of XOM stock, so they think they know what its going on but they don't
eta: in laws own a bunch of XOM stock, so they think they know what its going on but they don't
This post was edited on 12/6/18 at 2:06 pm
Posted on 12/6/18 at 2:05 pm to TeLeFaWx
quote:
formation that's been producing for years. These sensationalist headlines are odd.
propaganda
Posted on 12/6/18 at 2:05 pm to bamarep
quote:
Obama is trying to figure out how to take credit for this
Posted on 12/6/18 at 2:06 pm to 225bred
quote:
I will wait until 90Proof and IB Reeeeeman chime in.
What's there to chime in about? Sounds like great news for NM and the US
Posted on 12/6/18 at 2:07 pm to TeLeFaWx
quote:
The USGS updated the proven/probable reserves of the wolfcamp, a well known formation that's been producing for years. These sensationalist headlines are odd.
So what's the deal? Are we going to be having big production there or no
Posted on 12/6/18 at 2:09 pm to 90proofprofessional
Yes.
Posted on 12/6/18 at 2:11 pm to WildTchoupitoulas
quote:
quote: Oil is a renewable resource as long as the carbon cycle and sedimentation are a thing.
Only if it's being replenished at a rate faster than production.
...and then only if you don't believe the Earth is only 3,000 years old.
I’m ignorant on the subject, but my common sense tells me that the only oil in the earth is from dinosaurs and is not renewable is extremely hard to believe.
Let’s make good use of all of above (oil, gas, wind, solar, water, etc.)
Private industry and capitalism will make this work for everyone’s benefit.
Al Gore is a POS fraud and so is the idea that government and higher taxes, and destroying our economy and all the leftist BS is a better way to go.
Global warming! OMG!
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