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ATHS Member
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| does anyone remember this 2000 U.S.A. Price Of A Barrel Of Oil drops below $30.00
6th July 2000 : Saudi Arabia has announced it may well break from OPEC and make a unilateral decision to increase it's oil production by 500,000 barrels a day to ease oil prices. This will be in addition to the Opec announcement to increase production by 708,000 barrels a day. The price of crude oil has tripled in just 18 months from $10.00 a barrel to $30.00 a barrel causing concerns over a world wide recession due to inflation pressures. ( The price of gas in the US has now soared to $2.00 a gallon breaking new ground. ) Cost of Living 2000How Much things cost in 2000
Average Cost of new house $134,150.00
Average Income per year $40,343.00
Average Monthly Rent $675.00
Cost of a gallon of Gas $1.26
Average cost of new car $24,750.00
US Postage Stamp 33 cents
1 LB of Bacon $2.97
Ground Coffee per IB $3.44
Loaf of Bread $1.72
Dozen Eggs 89 cents
Barrel Of Oil Tops $30.00 per barrel
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| Stan, Heck, if the wackos out there are right we only have about 3 1/2 years left anyway. http://www.december212012.com/ http://survive2012.com/ http://endworld2012.com/ So, stock up on canned goods and ammo, move to high solid ground, and if you finance anything for five years, dont worry about trying to pay it off early,lol.John
_____________________________________________ John Costley ATHS Online Division Charter Member Sabattus,Maine
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| I generally try to be careful 'bout whose army I join, but anyway. Moonrocks are technically recoverable, we've been there and done that. But I sure as heel can't afford to pave my driveway with them. When the EROEI says stop, it doesn't really matter how much oil is still in the ground. Over the last few months I've read a bit about the energy situation, particularly the oil part of it, and I'm not really enthused about the prospects of "business as usual". Of course I'm obviously not very good at predicting the future, otherwise I'd not be sitting here with empty pockets, and a 600 hp car-hauler that gets 5 mpg sitting behind the shop 'cause I can't make a living with it anymore. .......................hhmmmm......guess I'll go on back to my on-line research effort, and try to figger out which stuff is wacko and which is sensible. Lots of places to find info, some of it obviously wacky, some likely true. Every position seems to have a few intelligent persons advocating, citing sources, while others just offer their cross-eye view. Some things I do know for sure though. For one, my neighbor and his pit can do wonders for dead swine. (smoked shoulder) Ya'll have a fine 4th, I'm doing my best to do the same.
Started out with nuthin'........still have most of it.
Stan
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| John one thing that I used to wonder about back when I was trashing around in the patch was what happens to the big empty space after the billions of barrels of oil had been pumped out Yea harrnessing Geothermal activity and using it to steam the oil out of the strata or generating live steam to free the deposits fron the rock formations is one way that has been used andis used to an extent for the crude grades thatis higher in parifin. they are so worried about figureing out what to do with CO2 and are thinking about underground storage why not use that as a pressure medium to squeeze the oil from the rock. eventually I think that if the CO2 is kept under high enough pressure for long enough it will sluff off the oxygen atoms the carbon atoms will combine with the hydrogen atoms that are in oil and possibly become hydrocarbons again
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| Frank, Heck,with all the geothermal activity in MT. somebody ought to be able to figure out how to steam it out.Like old faithful, only different,lol.John
_____________________________________________ John Costley ATHS Online Division Charter Member Sabattus,Maine
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when it comes to what is termed as technicly recoverable .one of the simplest and most eccomomical ways to do this is to drill a multiple of wells stopping just into the pay zone. then drill several much deeper ones when you are below any possible pay zones you start whip drilling one shaft into up to 12, each going off in different directions then frack them like you were trying to blow a hole into the center of the Earth. then it is a matter of pumping the heaviest water you can get into the deep shafts under extreme and I mean extreme pressures. Frack the pay wells run the perferated recovery pipe down and let the iol flow naturally to the surface. Here in hte middle East in some areas they pump as much as 10 BBLs of water down for every 1 BBl that is brought to the surface.
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GearheadGrrrl (7/3/2009)
The USGS's recent restudy has revealed a bit more of the huge volume of "technically recoverable" oil there. .I'd say your "reading comprehension" skills could use a little help.... to quote the article... "A U.S. Geological Survey assessment, released April 10, shows a 25-fold increase in the amount of oil that can be recovered compared to the agency's 1995 estimate of 151 million barrels of oil." That's a tad more than "a bit more" in my book. JH
I'm so far behind, I think I'm ahead!
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Gone are the days of Uncle Billy ( William Smith) in Titusville Pa. who one sunday morning before church decided to check the rig. he was drilling the first oil well in the States, upon arriving he found a puddle of crude in the well casing near the top
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-------->
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| I think it's funny they can make such specific estimates on "undiscovered" oil.
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-------->
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| The Bakken formation has been known for decades, but USGS's recent restudy has revealed a bit more of the huge volume of "technically recoverable" oil there. But "technically recoverable" doesn't mean cheap to recover. Thus we probably won't see much Bakken formation production until oil prices rise enough to make production possible.
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