Apparently your dog might also know that the heavy oil that is piped is done so as a mix of light and heavy oils.
Why not stop deluding yourself and get a life?
Baduila wrote:
„Heat cannot spontaneously flow from cold regions to hot regions without external work being performed on the system“
The last statement i have used to explain why oil production requires so much energy. „Heat cannot spontaneously flow between materials in temperature equilibrium without external work being performed on the system“.You don't see how self-contradictory you are in these two sentences, do you. Your entire etp blather is built on a local heat death, that is, entropy reaching the maximum in your isolated system in which you live. At the same time you are talking about external work that you have to produce on that isolated system in which you live. Split personality disorder?
Are you saying that the magma is cooling down...as the heat from the interior is rising to the surface and radiates into the cold space...and as we extract hot oil from the interior and burn it...it increase the radiation into space and the interior is cooling even faster?
ExxonMobil stated that Q3 2019 production in the Permian was up 72% versus Q3 2018. Two things they failed to mention. First, most of the increase was during Q4 2018. And second, the major part of the increase was from Natural Gas.
Yoshua wrote:Oil is good for nothing without the machines that burn the fuels.
Your responses consistently resemble the three blind men attempting to describe an elephant!
Blending does not take place at the well head. All Plains America does that, and the refineries do a little more once it gets to their plants.
Any temperature change which might result from pumping oil is too small to even be considered
EXXON is stating boe, and the gas is almost worthless. Some operators In the Permian are paying to have it hauled away. This is resulting from the central banks massive printing operations that has reduced capital returns to almost nothing.
Chesapeake is now a penny stock.
Just the Provence of Alberta, CA has 3,400 abandoned wells that the provincial government must now take over. Capping these wells will cost as much as $3.5 billion. To prevent these wells from releasing methane they will need to be recapped about every 20 years. Profits for the industry are now razor thin.
Well first off it is a “Province” not “Provence” which is in itself a “Province” in the south of France.
Secondly, if the wells were actually abandoned there would be no problem.
A massive number of oil and gas wells, facilities and pipeline segments stand to be added to the already bulging files of the Alberta Orphan Well Association in the wake of the likely failure of Sequoia Resources Corp. All of the Calgary-based company’s operating licences were ordered suspended after the privately held oil and gas company warned the Alberta Energy Regulator late last month it was ceasing operations “imminently” and, as a result of “defaults in municipal tax payments,” would not be able to afford to reclaim all of its properties.
To put this into perspective, the Federal Reserve generates more profit in the last quarter than Apple, Microsoft, JP Morgan, Facebook, Google, and Intel COMBINED.
Nonetheless, since the Fed’s balance sheet is part of the corporate profit calculation, we must include them in our analysis. While the media is focused on record operating profits, reported corporate profits are roughly at the same level as their were in 2011. Yet, the market has been making consistent new highs during that same period.
Your BS is getting deeper, and stinkier. These were all "supposedly" profitable, operating companies a year ago. There "were" 174,000 operating wells in Alberta, and this company according to your "hypothesis" had 3,400 of them go dry in one day. They apparently drilled them all some Sunday afternoon after church.
rockdoc123 wrote: Might behoove you to educate yourself on the subject before blabbering on like you are an expert.
That number certainly sounds tiny indeed, in context.
rockdoc123 wrote:That number certainly sounds tiny indeed, in context.
That is true but don't let me white wash it too much. 3400 wells at say $250,000 per well on average to permanently abandon is still $850 million which is more than 10 times the annual budget of the Orphan Well Program. Given the low oil prices and the fact Alberta oil has been landlocked by an anti-oil government means provincial revenues from resources is at a long-time low. The previous provincial government was a case in point of how socialism is a clear road to disaster as they ran up the deficit horrendously. As a consequence the new provincial government is faced with spending cuts and the OWP is not going to see any new money. So those wells are going to take some time to abandon permanently.
That's an excellent point. If government wants to be anti-oil, OK, but then they need to raise the taxes to deal with the consequences or risk a huge mess.
rockdoc123 wrote:It's a real crap show up here I'm afraid.
The coal price has dropped to USD 43
I don't think anyone in the world can produce coal economically at USD 43
It's not just oil that is dying.
shortonoil wrote:The coal price has dropped to USD 43
I don't think anyone in the world can produce coal economically at USD 43
It's not just oil that is dying.
I was in the coal business for years, and still am with lease holding in coal, and gas. Even the big Western strip operations can't make money at $43, and gas is now nothing but a revolving money door. They could ten years ago, but growing overburden has changed all of that. The EROI on fossil fuels has now sunk about as low as it can get. Economies are sinking along with it.
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