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Re: Hi form oil-rich Kazakhstan

Unread postby from Kazakhstan » Wed 28 Sep 2016, 02:45:35

rockdoc123 wrote:yes, with Kashagan finally set to start producing at high rates the Kazakh story is worth revisiting.


May be... We'll know soon, I guess)) Kazakhstan will start opening wells at Kashagan oil field in a few days, but the official start will be resumed on October 23.
Launch of oil production at Kashagan field may provoke a crisis of proposal on the oil market and frustrate growth of prices.
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Re: Hi form oil-rich Kazakhstan

Unread postby GoghGoner » Wed 28 Sep 2016, 07:55:45

from Kazakhstan wrote:
rockdoc123 wrote:yes, with Kashagan finally set to start producing at high rates the Kazakh story is worth revisiting.


May be... We'll know soon, I guess)) Kazakhstan will start opening wells at Kashagan oil field in a few days, but the official start will be resumed on October 23.
Launch of oil production at Kashagan field may provoke a crisis of proposal on the oil market and frustrate growth of prices.


Every month world demand grows by 100 kbd which is what the low range of the estimates are for this field in 2017. Now, if it was 300 kbd thrown on the market immediately there would definitely be a lower price for a short time but if demand is growing, this isn't a game changer. US consumption is 400 kbd over last years level and supply is down over 800 kbd since it's monthly peak. That right there is a difference of 1.2 mbd off the global market.

Welcome to the site. Always good to see somebody from Kazakhstan.
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Re: Hi form oil-rich Kazakhstan

Unread postby jedrider » Wed 28 Sep 2016, 13:12:13

pstarr wrote:CNN Money estimates that development of the field had cost US$116 billion as of 2012, which made it the most expensive energy project in the world. Where did that money go? It sure wasn't for Intellectual property, patents, or branding lol. It's a government project so the money wasn't spent on outside consultants, licensing, or leases.

That money was spend on hard iron, big machines, and diesel. US$116 billion cost the Russian 10 billion barrels of crude. The total estimated reserves of Kashagan itself. Who says EROEI is a meaningless metric?


I never heard a better argument that crude is grossly underpriced. I suspected so. Crude is crude, money is fungible.
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Re: Hi form oil-rich Kazakhstan

Unread postby jedrider » Wed 28 Sep 2016, 13:43:51

pstarr wrote:I believe you missed my point, jed. Crude is not underpriced. It will soon have no price. Crude is disappearing down the bore hole. How can you price something that is destroyed in its very creation?


Well, you can burn dollar bills and we ALL certainly needlessly burn crude byproducts, but at least we think we are accomplishing something in the process of burning crude. Mostly, providing jobs and, occasionally, a nice kitchen countertop. Yes, I'm guilty, too.
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Re: Hi form oil-rich Kazakhstan

Unread postby ROCKMAN » Wed 28 Sep 2016, 14:25:53

"It's a government project so the money wasn't spent on outside consultants, licensing, or leases." Obviously you've not been involved in "govt run projects". LOL. Lots of those $billions went to consulting firms and outside suppliers who were awarded contracts for " competitive " bids. Like the Columbian trucking company that was awarded a muilti-billion contract even though they had almost no experience in that type of project.

But perhaps you don't think politicians are capable of taking HUGE payoffs? Which means you never lived in La. as the Rockman has. LOL.
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Re: Hi, longtime lurker surfacing

Unread postby litesong » Wed 12 Oct 2016, 09:40:50

ROCKMAN wrote: do you believe Blue Bell is the best ice cream on the planet?


But, Blue Bunny ice cream is recalling its cookie dough product due to Listeria contamination. http://www.al.com/business/index.ssf/20 ... ecall.html

Noted: even Blue Bell ice cream is recalling its product!
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Re: Hi, longtime lurker surfacing

Unread postby Ibon » Wed 12 Oct 2016, 09:45:49

Running Dog wrote:I was brought up to say things only when useful. :roll:


We need more mentors here that embody this.
Patiently awaiting the pathogens. Our resiliency resembles an invasive weed. We are the Kudzu Ape
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website: http://www.mounttotumas.com
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Re: Hi, longtime lurker surfacing

Unread postby Quinny » Wed 12 Oct 2016, 11:12:01

Hi Longdog
Live, Love, Learn, Leave Legacy.....oh and have a Laugh while you're doing it!
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Re: Hi, longtime lurker surfacing

Unread postby ROCKMAN » Wed 12 Oct 2016, 13:19:12

Dog - "Well beyond cheap, easy oil there." I vividly recall almost losing it coming of a crew boat on a swing line in rough seas in the Gulf of Mexico 4 DECADES ago. It wasn't that f*cking easy back then. LOL.
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Re: Hi, longtime lurker surfacing

Unread postby Gorm » Thu 13 Oct 2016, 04:39:24

Hi from sweden :)

I mostly lurk to. I did pass throu Aberdeen this summer when me & wife rented a car and spent 2 weeks in scotland & cumbria. Great place in so many regards, but the number of people living on the british isles are not to my liking.
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Re: Hi, longtime lurker surfacing

Unread postby ROCKMAN » Sat 15 Oct 2016, 07:32:38

Gorm - "...but the number of people...". Too many or too few?
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Re: Hi form oil-rich Kazakhstan

Unread postby KilonBerlin » Sun 11 Dec 2016, 21:31:37

GoghGoner wrote:
from Kazakhstan wrote:
rockdoc123 wrote:yes, with Kashagan finally set to start producing at high rates the Kazakh story is worth revisiting.


May be... We'll know soon, I guess)) Kazakhstan will start opening wells at Kashagan oil field in a few days, but the official start will be resumed on October 23.
Launch of oil production at Kashagan field may provoke a crisis of proposal on the oil market and frustrate growth of prices.


Every month world demand grows by 100 kbd which is what the low range of the estimates are for this field in 2017. Now, if it was 300 kbd thrown on the market immediately there would definitely be a lower price for a short time but if demand is growing, this isn't a game changer. US consumption is 400 kbd over last years level and supply is down over 800 kbd since it's monthly peak. That right there is a difference of 1.2 mbd off the global market.

Welcome to the site. Always good to see somebody from Kazakhstan.


Hello,

to everybody from Central Europe... this above would be only if Kazakhstan would be directly (and almost only) connected to the US oil market, like Canada.

But since the price dropped the OPEC tried to kill US and Canadian projects (Shale Oil and why not also Shale Gas, Fracking, Horizontal drilling, drilling at all since it was said US shale oil in Bakken needs 50$ to run without loss and Canada needs even 70 US-$ for Alberta non-conventional which makes up the majority for a longer period already, much conventional or just heavy crude in Alberta too, but production is declining since the Oil Sands with their unbelievable reserves were easier than hard to find and drill conventional fields.

OPEC said after flooding the market and bring it down (the US and Saudi-Arabia brought down the Soviet Union or at least made the process much faster, Soviet Union western currency income in 1985/86 was only around ~16 billion US-$. This was much more 30 years ago but still only an average Forbes 100 company income. Than the famous OPEC quota came and reserves increased over night often, all together I think far over 100 billion barrels were added to get better quotas. But also in 1973 Libya did a over night production cut from ~3.2mbpd down to the average of 1.0 - 1.4mbpd until this day, they produced in peace time often less than its neighbor Algeria. Just that Libya has 4 times as high reserves and even larger ressources. But a so small population, the 2000's BRIC boom, no need to invest and climb to over 2 or even 3 million barrels again.

OPEC planned the US/Canadian production to reach a critical point in April or May 2015! This did not happen yet and most members are in financial troubles. They even retook a over 50% net importer in December 2015 with Indonesia and in June 2016 another old member with Gabon. Both left, Gabon in 1994, I don't know why. Maybe they did not wanted any quotas anymore or so, Indonesia left because it said it is now a large importer, and this became even worse. Even Russia was invited to join the OPEC but rejected - I would too being Putin.

I think OPEC does not care if export or import, they want as much production in "their hands", and have a growing oil market to export since Indonesia will only import OPEC oil in the future I guess. Production is falling, demand is slowly rising.

I only see 2 scenarios for Europe/US. Both are not good for OPEC or Russia.
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Re: Hi form oil-rich Kazakhstan

Unread postby KilonBerlin » Sun 11 Dec 2016, 22:36:20

test - all for nothing or admin needed?!
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Re: Hi

Unread postby ROCKMAN » Tue 13 Dec 2016, 23:41:25

Howdy Thomas. Tell us a bit about your views on the energy situation. That will give us a chance to develop viscous attacks against you regardless of what they might be. Don't hold back: no matter which side of the fence you sit on you're going to piss off someone here. And if you try to straddle the fence we'll all come after you. LOL.

Otherwise welcome again and have a Happy Holiday!
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Re: Hi

Unread postby Newfie » Wed 14 Dec 2016, 00:23:38

Welcome aboard.
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Hello

Unread postby probablenik21 » Wed 14 Dec 2016, 01:57:37

Hi
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Re: Hello

Unread postby Tanada » Wed 14 Dec 2016, 08:31:45

Welcome! Tell us nosy Nellie's a bit about yourself if you wish. If you are in the southern hemisphere Happy Spring.
Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
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Re: Hello

Unread postby Cog » Wed 14 Dec 2016, 09:45:59

I have a few question for our new arrival.

Chili. Beans or no beans?
Glock or 1911?
Ar-15 or AK-47?
Socialism or capitalism?
Hillary or Donald?

Based upon your answers I can form an opinion of your value to me and to the board.
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Re: Hello

Unread postby probablenik21 » Thu 15 Dec 2016, 02:28:43

Donald
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