Paw_Paw_Festus
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Re: RV Fuel Issues & Prices - Post 'Em Here!
atreis wrote: - much of the ANWR oil isn't economical (profitable) to recover unless oil is up over $125 a barrel. Where did you get this figure? With all due respect, I've seen figures like that tossed around all my life. They are always exaggerated. Big Oil makes trillions of $$ every year. Not just during years when oil is over $100.00 If we open ANWR, trust me, the price of oil will go DOWN, not up. They'll cry and moan that they need $125.+ or whatever to make a profit. But thats all a bunch of balony. If there was a trillion barrels of oil on Mars and you told Exxon Mobile if they'd go get it, you'd buy it for $50.00 a barrel, they'd be making plans build a pipeline to Mars the next day. You ever seen a Duel Activity Drill Ship? I can't imagine what it costs to build, much less maintain one of these "economical" drillers but Transocean has what -- NINE of them? Plus the rest of their fleet of Ocean Rigs and drill ships. Dually's are high tech drill and completion rigs that save money. They cost a fortune, but at the end of the day, they save a fortune and a half. It will be the same with ANWR if we decide to drill it. New oil, new jobs, new technology, new independence. But hey, why would we want any of that?263Views0likes0CommentsRe: RV Fuel Issues & Prices - Post 'Em Here!
LindsayRichards wrote: I don't think that number is right as te world uses 85 million bbls a day and that would be only a could of hours worth. The reserves at ANWR in Alaska are about 8 billion bbls. Thr Chukchi Sea off of Alaska which has just been put offf limits by the President has an estimaed 20 billion bbls. The Russians have already started their drilling of that oil laden area. Bear in mind also, that we're only talking about one well. 6.2 - 9.3 million BRLs over the life of one well is big.364Views0likes0CommentsRe: RV Fuel Issues & Prices - Post 'Em Here!
Just like cops, never a college boy around when you need one...:S My point is: (or was) that conventional wisdom says the world is running out of oil and that we have "Peaked" and yet, there are still massive discoveries coming in --- in old fields AND new fields. 1.5 BooCoo of oil discovered in a field that has been drying up for 40 years. Know what I mean? Can you imagine what we'll find in NEW fields that HAVEN'T been drying up for 40 years? BOOOOOOOO COOOOOOOOOOOO I wouldn't be too quick to spend a fortune on a car that runs on Bisquick. Oil's gonna be around for a long long time.364Views0likes0CommentsRe: RV Fuel Issues & Prices - Post 'Em Here!
LindsayRichards wrote: Preliminary estimates indicate the discovery contains between 0.5 and 1.5 MMcm of recoverable oil. How does that translate into billions of bbls? MMcm = Million cubic meters. Kinda goofy if you ask me. cm is more of a GAS measurement than an oil measurement. Oil is generally measured in Barrels throughout the world, sinse its bought and sold in US dollars BY the barrel -- all over the world. Anyway; 42 US gallons = 1 barrel / 1 cubic meter = 264 US gallons = 6.2 barrels per cm So, if my numbers are right,,, 1 - 1.5 MMcm = 6.2 - 9.3 million barrels of recoverable oil. If my numbers are wrong, thats still BooCoo oil. Now, watch some over educated educated college boy come along and tear my numbers apart..:R364Views0likes0CommentsRe: RV Fuel Issues & Prices - Post 'Em Here!
LindsayRichards wrote: We are going on a 3 month trip starting mid April and I figure the prices will up for us. Never fails. Hear ya. Thats about the time our season starts as well. We'll probably summer commission the 5er early April and set out for Possum Kingdom the 3rd week of April.364Views0likes0CommentsRe: RV Fuel Issues & Prices - Post 'Em Here!
Valero shutting down Del City.The demand for fuel is flat. Refineries shutting down is never a good thing. Folks not only lose jobs, but the loss of capacity will spike prices down the road when demand picks back up. Imported gasoline will increase giving those jobs to a country not our own. Most folks will blame it on greed, but that won't make our pockets any deeper. I'm still predicting a slide in fuel prices over the next few months, but once they start back up??? Look out, its gonna get ugly. *praying for those who will lose their jobs.....*131Views0likes0Comments
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