Anyone work in the oil & gas industry?

[T1B Nic]

Does the US really have this much oil? :o

If ya read the rest of the FARK thread, you'd have seen this...

http://musgrave.house.gov/News/Document ... ntID=28347

And other links that say "Yes, we do."

[Luther]

Fairly recently, on one of those 60 minutes/20-20 type of shows, I saw a segment about this. Or I think it was about this. I don't remember what state it was in though. Already this post is going downhill...hahaha

Anyway, the oil was inundated into the soil...big assed trucks scoop/dig the shit out and it is taken to a place where they basically heat the stuff up until it is crude oil.

The TV segment showed that the basic problem was lack of manpower/facilities so far in that area.

Does anybody else remember seeing that show? I don't know what all is involved in this because I'm an oil refinery type of tard, but if we can get off the dependency with middle eastern oil then the sooner the better.

One thing the guy said that I remember toward the end of the segment..."We still probably won't ever get below $1.50 a gallon."

Even that sounds great, doesn't it?

Rip City

[atomicdad]

My wife was working for a company about 10 years back that was developing process control systems for a oil/shale plant in Wyoming. From what little I picked up on, yes there is alot of oil in the shale, no the technology has not been developed enough to make it a profitable venture. Both the company she worked for and the plant went belly up.

Me thinks that big oil should be investing a hell of a lot more of their "record profits" into R&D* so we can get the fuck out of the middle east.







*pMSCal, this is just an off the cuff opinion, I have no Idea how much they reinvest into R&D, it is probably quite substantial,, so save the DUMBFUCK comment you dribbling twat.

[Wolfman]

I was recalling the price of gas back when they even had
people pump it for you and was around 25 ¢ a gallon--
and even once when I was at school in Maine there was
a price war (remember those ??) and it was 18 ¢ a gal. !!!
I could fill the tank on my '55 Chevy for about $2.50.
Dayum---when you think about it---
they were just about giving the stuff away !!
We'll be lucky now if we don't end up in a full war and
have gas rationing ala WW2.

[Moving Sale]

We have a lot of mud to make mud houses out of too.

Livin' in the past much?

[OCmike]

Fairly recently, on one of those 60 minutes/20-20 type of shows, I saw a segment about this. Or I think it was about this. I don't remember what state it was in though. Already this post is going downhill...hahaha

Anyway, the oil was inundated into the soil...big assed trucks scoop/dig the shit out and it is taken to a place where they basically heat the stuff up until it is crude oil.

The TV segment showed that the basic problem was lack of manpower/facilities so far in that area.

Does anybody else remember seeing that show? I don't know what all is involved in this because I'm an oil refinery type of tard, but if we can get off the dependency with middle eastern oil then the sooner the better.

One thing the guy said that I remember toward the end of the segment..."We still probably won't ever get below $1.50 a gallon."

Even that sounds great, doesn't it?

Rip City

Saw that same episode. It was about oil sands and the process they use to extract the oil.

[Moving Sale]

Saw that same episode. It was about oil sands and the process they use to extract the oil.

So you are smart enuff to turn on a TV. Great. Anything else you would like to add?

[OCmike]

Shhhh...everyone's still yukking it up over your "mud houses" post. You're going to kill the moment.

[Mississippi Neck]

I was working out in western CO a few months back and stayed in Rifle, CO. Near there was a huge oil shale operation. Its very expensive to basically bake the oil out of the rock...but with prices where they are now, it may be feasible. Thats all I know..which, yeah, aint much.

[Luther]

So you are smart enuff to turn on a TV. Great. Anything else you would like to add?

At least he can.

Rip City

[Wolfman]

http://www.wired.com/wired/archive/12.07/oil.html

want to invest ??

[mothster]

Fairly recently, on one of those 60 minutes/20-20 type of shows, I saw a segment about this. Or I think it was about this. I don't remember what state it was in though. Already this post is going downhill...hahaha

Anyway, the oil was inundated into the soil...big assed trucks scoop/dig the shit out and it is taken to a place where they basically heat the stuff up until it is crude oil.

The TV segment showed that the basic problem was lack of manpower/facilities so far in that area.

Does anybody else remember seeing that show? I don't know what all is involved in this because I'm an oil refinery type of tard, but if we can get off the dependency with middle eastern oil then the sooner the better.

One thing the guy said that I remember toward the end of the segment..."We still probably won't ever get below $1.50 a gallon."

Even that sounds great, doesn't it?

Rip City

yea, think it was in montana and 60 minutes was pimping the govenor

[Mikey]

Not to be nitpicking or anything, but according to the Energy Information Administration, syncrude from oil shale becomes economical only in the "high price" case at about $80/bbl in 2019. At $50 to $60 it will never be economical (of course we're close to $80 already).

In the United States, the commercial viability of syncrude produced from oil shale largely depends on oil prices. Although the production costs for oil shale syncrude decline through 2030 in all cases, it becomes economical only in the high price case, with production starting in 2019 and increasing to 405,000 barrels per day in 2030, when it represents 4 percent of U.S. petroleum production, including NGL and refinery processing gain (Figure 87).

Production costs for oil shale syncrude are highly uncertain. Development of this domestic resource came to a halt in the mid-1980s, during a period of low oil prices. The cost assumptions used in developing the projections represent an oil shale industry based on underground mining and surface retorting; however, the development of a true in situ retorting technology could substantially reduce the cost of producing oil shale syncrude.

The development of U.S. oil shale resources is also uncertain from an environmental perspective. Oil shale costs will remain highly uncertain until the petroleum industry builds a demonstration project. An oil shale industry based on underground mining and surface retorting could face considerable public opposition because of its potential environmental impacts, involving scenic vistas, waste rock disposal and remediation, and water availability and contamination. Consequently, there is a high level of uncertainty in the projection for oil shale syncrude production in the high price case.

http://www.eia.doe.gov/oiaf/aeo/gas.html

[Mikey]

And of course the key word there is "could". It's also possible that in-situ retorting could end up being more expensive. They go on to say that there is a great amount of uncertainty in the entire projection, which is only based on what is now known.

[Moving Sale]

This thread is proof that our 'free market' system is broken. Oil shale? Jeez that is a dumb idea.

[Mikey]

It's also possible that in-situ retorting could end up being more expensive.

No, it isn't. It's possible that it won't work very well on a large scale, but there is no way it would be more expensive than the conventional method of recovery.

There are far less moving parts to the process.

There is a lot more to consider than moving parts. An in-situ method may be far more energy intensive surface retorting, i.e. you may have to pump a lot more heat into it to make it recoverable. Also, the recoverable percentage of the resource may be a lot less. Just a couple of things that might make in-situ recovery more expensive. Nobody really knows at this point.

[Moving Sale]

It's proof that you're a clueless, fucking idiot.

By all means keep sucking down more oil. It is good for us to use more and more and more. What could possibly go wrong?

[Neely8]

Fairly recently, on one of those 60 minutes/20-20 type of shows, I saw a segment about this. Or I think it was about this. I don't remember what state it was in though. Already this post is going downhill...hahaha

Anyway, the oil was inundated into the soil...big assed trucks scoop/dig the shit out and it is taken to a place where they basically heat the stuff up until it is crude oil.

The TV segment showed that the basic problem was lack of manpower/facilities so far in that area.

Does anybody else remember seeing that show? I don't know what all is involved in this because I'm an oil refinery type of tard, but if we can get off the dependency with middle eastern oil then the sooner the better.

One thing the guy said that I remember toward the end of the segment..."We still probably won't ever get below $1.50 a gallon."

Even that sounds great, doesn't it?

Rip City

yea, think it was in montana and 60 minutes was pimping the govenor

Actually the Oil Sands are in our neighbors to the North.......Canada. It was on 60 Minutes.

[Moving Sale]

Meanwhile, back in reality, cars, trucks, planes, trains and ships have people and freight to move.

And that has what to do with the NEED for oil? Answer: If the 'free market' system (or our government) worked... Nothing.

I suppose we are genetically predisposed to consume oil eh you stupid fucking racist tard.

[Moving Sale]

I guess you had best get to work developing that engine that will run on fantasies.

Don't have to. The tech is already in place.

The 'free market' system does work.

Of course it does...when it is free. That is the whole point you stupid silly fuck.

As the price of oil rises, alternatives will begin to become economically feasible. That is the way markets work.

Gee ya think?

The world economy certainly is...

So Brazil is not part of the world? Gawd you are a dumbass.

[smackaholic]

It's proof that you're a clueless, fucking idiot.

By all means keep sucking down more oil. It is good for us to use more and more and more. What could possibly go wrong?

what kinda mileage you getting in your old 'pimpalade again? or did you trade it in on one of those more eco friendly little tykes electric ones?

[Jimmy Medalions]

Moving Tard drove a 'Lade? What...did he have it lowered with 2" wheels so he could climb into it?

[Diego in Seattle]

Moving Tard drove a 'Lade? What...did he have it lowered with 2" wheels so he could climb into it?

[Moving Sale]

what kinda mileage you getting in your old 'pimpalade again? or did you trade it in on one of those more eco friendly little tykes electric ones?

Got rid of that thing long time ago. I roll mostly gas free these days. It's easier than I thought it would be. And cheaper.

[Moving Sale]

Brazil is a fucking joke.

You are right mvsKKKal. We are better off with oil shale. Digging up dirt to run our nation is the way to go. No reason to change course. Full steam ahead. Dig your little racist heart out.

[smackaholic]

what kinda mileage you getting in your old 'pimpalade again? or did you trade it in on one of those more eco friendly little tykes electric ones?

Got rid of that thing long time ago. I roll mostly gas free these days. It's easier than I thought it would be. And cheaper.

today at work I rolled decidely not gas free. Think it mighta been the brocolli from dinner last night.

[Joey Moss]

Exploration Geologist here.

1) Yes, the oil shale holds a tonne of hydrocarbon, but before you can book reserves they have to be able to be mined ecconomicaly. Oil Shales, Shale Gas, Coal Bed Methane all can produced in specific cases, but generally, the majority of the hydrocarbon assocated with these reserves are unecconomic at today's prices.

2) The oil sands, which are the largest hydrocarbon deposit in the world is located in Fort McMurray, Alberta, Canada. The problem with the oil sands right now is that you can't find enough labour to work on all the mega projects that need to be done. The cost of labour has sky-rocketed, which has sent a bunch of these projects millions of dollars over budget and other companies have hadf to cancel their projects even with the high price of oil.

3) Anyone who will tell you what the price of oil is going to do is full of shit.

[warren]

What's the oil and gas industry?

I'll have to check with my wife.