Donate Bitcoin

Donate Paypal


PeakOil is You

PeakOil is You

THE Middle East (general) Thread (merged)

For discussions of events and conditions not necessarily related to Peak Oil.

Re: THE Middle East (general) Thread (merged)

Unread postby rockdoc123 » Wed 07 Jun 2017, 18:15:46

Probably more to do with the surge in oil stocks in the US...up 3.3 MMB opposed to a general analyst expectation of a 3.5 MMB drop.
Whether this has a good explanation or not there will be some pressure on WTI over the next few days.
User avatar
rockdoc123
Expert
Expert
 
Posts: 5255
Joined: Mon 16 May 2005, 02:00:00

Re: THE Middle East (general) Thread (merged)

Unread postby GoghGoner » Tue 13 Jun 2017, 13:38:14

Qatar Shuts Off Helium Plants

The two plants have a combined annual production capacity of approximately 2 billion standard cubic feet of liquid helium and can meet about 25 percent of total world demand for the gas, according to RasGas' website.

Among its uses, helium is used to cool superconducting magnets in medical magnetic resonance imaging (MRI) scanners, as a lifting gas in balloons and airships, as a gas to breathe in deep-sea diving and to keep satellite instruments cool. It is derived from natural gas during processing.
GoghGoner
Light Sweet Crude
Light Sweet Crude
 
Posts: 1618
Joined: Thu 10 Apr 2008, 02:00:00
Location: Stilłwater subdivision

Re: THE Middle East (general) Thread (merged)

Unread postby onlooker » Sun 25 Jun 2017, 10:13:43

http://21stcenturywire.com/2017/06/07/t ... order-war/

The Machiavellian Plot to Provoke Saudi Arabia and Qatar into a “Blood Border” War
“"If you think the economy is more important than the environment, try holding your breath while counting your money"”
User avatar
onlooker
Fusion
Fusion
 
Posts: 7311
Joined: Sun 10 Nov 2013, 12:49:04
Location: NY, USA

Re: THE Middle East (general) Thread (merged)

Unread postby onlooker » Thu 29 Jun 2017, 16:11:17

https://www.theatlantic.com/internation ... se/463212/

Preparing for the Collapse of the Saudi Kingdom

It can’t last. The U.S. better get ready.
“"If you think the economy is more important than the environment, try holding your breath while counting your money"”
User avatar
onlooker
Fusion
Fusion
 
Posts: 7311
Joined: Sun 10 Nov 2013, 12:49:04
Location: NY, USA

Re: THE Middle East (general) Thread (merged)

Unread postby onlooker » Mon 24 Jul 2017, 13:49:54

“"If you think the economy is more important than the environment, try holding your breath while counting your money"”
User avatar
onlooker
Fusion
Fusion
 
Posts: 7311
Joined: Sun 10 Nov 2013, 12:49:04
Location: NY, USA

Re: THE Middle East (general) Thread (merged)

Unread postby ROCKMAN » Mon 24 Jul 2017, 15:26:23

Goner - Interesting tidbit about helium. I wonder how many are aware:

"The National Helium Reserve, also known as the Federal Helium Reserve, is a strategic reserve of the United States holding over 35 billion cubic feet of helium gas. The helium is stored at the Cliffside Storage Facility about 12 miles northwest of Amarillo, Texas, in a natural geologic gas storage formation, the Bush Dome reservoir. The reserve was established with the enactment of the Helium Act of 1925. The strategic supply provisioned the noble gas for airships, and in the 1950s became an important source of coolant during the Cold War and Space Race.

The facilities were located close to the Hugoton and other natural gas fields in southwest Kansas and the panhandle of Oklahoma, plus the Panhandle Field in Texas. These fields contain natural gas with unusually high percentages of helium—from 0.3% to 2.7%—and constitute the United States' largest helium source. The helium is separated as a byproduct from the produced natural gas."

I wonder if they mean 2 billion standard cubic feet of liquid helium if it were gasified or 2 billion cf of liquid? Looked all over and can't find an easy way to convert a volume of LIQUID helium to a volume of gaseous helium.

And there's this recent news:

"The U.S. Bureau of Land Management (BLM), which accounts for about 20% of global helium supply, has ramped up production at its Cliffside facility in Texas to help offset the loss of the Qatari helium. However, technical problems capped additional supplies, notes Walter Nelson, vice president for helium at Air Products & Chemicals, which operates two helium refining plants tied to BLM operations. Thus, a continuation of the Qatar embargo will impact prices, Nelson says."

And the story gets more interesting, such as the govt will soon NOT BE SELLING helium to the public. Wonder if that's at the request of the DoD?

"The US Bureau of Land Management (BLM) held its FY 2018 Crude Helium Auction in Amarillo, Texas yesterday, the fourth crude helium auction conducted by the BLM since passage of the Helium Stewardship Act of 2013.

The FY 2018 auction was the penultimate crude helium auction by the BLM as the Federal Reserve of crude helium will reach the minimum level of 3 billion cubic feet mandated by the legislation after the FY 2019 auction and Conservation Helium Sale, at which time, no further sales of crude helium will be allowed to private industry.

The BLM auctioned off a total of 500 million cubic feet (MMscf) of crude helium in 30 individual lots. There were 13 lots of 25 MMscf each, 9 lots of 15 MMscf each and 8 lots of 5 MMscf each.

The overall result of the auction was that 500 MMscf of crude helium was sold for total proceeds to the BLM of $59,655,000, or an average price of $119.31/Mscf (thousand cubic feet). The average price represents an increase of $12.21/Mscf or 11.4% from the average price of $107.10/Mscf that resulted from the FY 2017 auction."

Hmm? If the numbers are correct at one time we had 35 billion cf but we will soon be at 3 billion cf? If so I can see why the govt will reserve the remainder for the military. Need to keep those spy satellites flying. LOL.
User avatar
ROCKMAN
Expert
Expert
 
Posts: 10225
Joined: Tue 27 May 2008, 02:00:00
Location: TEXAS

Previous

Return to Geopolitics & Global Economics

Who is online

Users browsing this forum: No registered users and 9 guests