Archived material Access restricted Article
Rantburg

Today's Front Page   View All of Fri 04/29/2011 View Thu 04/28/2011 View Wed 04/27/2011 View Tue 04/26/2011 View Mon 04/25/2011 View Sun 04/24/2011 View Sat 04/23/2011
1
2011-04-29 Economy
New Shale Formations adding to US Production
Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.
Posted by Lord Garth 2011-04-29 00:00|| || Front Page|| [11128 views ]  Top

#1 We've lost about 250,000 barrels a day of production out of the gulf. By next year it's going to be 400,000 barrels a day. I don't know how many gallons of gas that is; it's about 8.8 million gallons of oil going into the refinery.
Posted by Thing From Snowy Mountain 2011-04-29 09:40||   2011-04-29 09:40|| Front Page Top

#2 But what about Peak Oil?

The truth is there are vast hydrocarbon resources just waiting for the right technology to extract them.
Posted by phil_b 2011-04-29 10:09||   2011-04-29 10:09|| Front Page Top

#3 A barrel of oil produces about 20 gallons of gasoline.
Posted by Zebulon Thranter9685 2011-04-29 10:35||   2011-04-29 10:35|| Front Page Top

#4 Since a 'Barrel" is standardized at 40 Gal, that's a 50% loss.
SO diesel, and "Other" oils come out of that.

I see NO Wastage.
Posted by Redneck Jim 2011-04-29 10:43||   2011-04-29 10:43|| Front Page Top

#5 Earlier this morning I thought it was 22, but now I don't remember. I think I had morning brain.
Posted by Thing From Snowy Mountain 2011-04-29 10:49||   2011-04-29 10:49|| Front Page Top

#6 truck drivers and welders needed in N dakota. Long hours, crappy housing, good pay.
Posted by bman 2011-04-29 11:23||   2011-04-29 11:23|| Front Page Top

#7 WHAT A BARREL OF CRUDE OIL MAKES
gasoline 19.5 gallons
distillate fuel oil 9.2
kerosene-type jet fuel 4.1
residual fuel oil 2.3
liquefied refinery gasses 1.9
still gas 1.9
coke 1.8
asphalt and road oil 1.3
petrochemical feedstocks 1.2
lubricants 0.5
kerosene 0.2
other 0.3
---------
Total 44.2 gallons
Posted by Zebulon Thranter9685 2011-04-29 12:24||   2011-04-29 12:24|| Front Page Top

#8 More than welder's and truck drivers are needed. Companies are desperate for Rig hands, directional and MWD.

Halliburton is hiring! We still don't have nearly enough people and it is very good pay. But it is also a serious lifestyle change. Directional and MWD hands work the well. We're here from start to finish and right now a Bakken well is averaging 35-40 days. Then you get about 10 days off and for many, living on the rig for that long just isn't for them.
Posted by Silentbrick 2011-04-29 14:33||   2011-04-29 14:33|| Front Page Top

#9 Livin' La Vida NoDak is not for everyone.
Posted by Anguper Hupomosing9418 2011-04-29 15:50||   2011-04-29 15:50|| Front Page Top

#10 "We've lost about 250,000 barrels a day of production out of the gulf. By next year it's going to be 400,000 barrels a day. I don't know how many gallons of gas that is; it's about 8.8 million gallons of oil going into the refinery." Thing From Snowy Mountain



From down here in Texas where some gulf oil drilling has stopped, all I know is "I'm on Empty, and Obama is just filling me up with lies."
Posted by Large Shuper1125 2011-04-29 17:30||   2011-04-29 17:30|| Front Page Top

#11 But but....drilling is fun! Who needs things like cell phone coverage, towns with more than 20 people (They got a bar, so what more can you want.) and you have to drive 75 miles to find a Wal-Mart, if you're lucky. Besides, think of all the scenery!
Posted by Silentbrick - Lost Drill Bit Division - Halliburton 2011-04-29 17:35||   2011-04-29 17:35|| Front Page Top

#12 You guys are thinking all wrong! Shale oil is evil! Extracting it produces CO2. Burning it produces CO2.We must shut it down. Better to produce less here and pay $5-6/gallon of gasoline to other countries.
/sarcasm
Posted by Rambler in Virginia 2011-04-29 20:05||   2011-04-29 20:05|| Front Page Top

00:04 JosephMendiola
23:51 badanov
23:44 swksvolFF
23:43 JosephMendiola
23:26 JosephMendiola
23:22 Pappy
23:19 Pappy
23:15 Pappy
22:56 Thravimp Turkeyneck8069
22:56 Thravimp Turkeyneck8069
22:01 Jimmy Hoffa
21:55 trailing wife
21:50 Old Patriot
21:48 trailing wife
21:45 Barbara Skolaut
21:45 Barbara Skolaut
21:43 Barbara Skolaut
21:36 Korora
21:35 trailing wife
21:14 Cheaderhead
21:09 Barbara Skolaut
21:06 Joger Oppressor of the Lichtensteiners9577
20:48 JosephMendiola
20:44 Barbara Skolaut









Paypal:
Google
Search WWW Search rantburg.com