Oil Slick Stuff

Sort by newest Sort by date
nnuut said:
The reason I asked is a friend and neighbor bought one like that a few years back and it was too long for his garage! He took it back and exchanged it for a shorter one.:D
Click to expand...

I knew it was going to long to fit in the garage when I bought it. But it was what I wanted.
 
Kemp: Why The Shale Revolution Is Not About To End

by Reuters
|
John Kemp
|
Friday, August 29, 2014


John Kemp is a Reuters market analyst. The views expressed are his own
​
LONDON, Aug 29 (Reuters) - Doubts about the sustainability of the North American oil and gas boom centre on rapidly declining output from many shale wells after they are initially drilled.
Shale sceptics point to the need to drill an ever-increasing number of new holes just to replace the declining output from existing wells, let alone expand production. At some point it will become impossible to keep up, they argue.
The problem has been likened to the Red Queen's Race in Lewis Carroll's "Through the Looking-Glass" where the chess piece warns Alice that "it takes all the running you can do, just to keep in the same place".
Geologists have worried about the problem of replacing declining output from old wells for more than a century. U.S. geologist Carl Beal voiced concern that the "limit of production in this country is being approached" as long ago as 1919.
"Although new fields undoubtedly await discovery," he wrote, "the yearly output must inevitably decline, because the maintenance of a given output each year necessitates the drilling of an increasing number of wells."
"Such an increase becomes impossible after a certain point is reached, not only because of a lack of acreage to be drilled, but because of the great number of wells that will ultimately have to be drilled," Beal explained in a careful monograph for the U.S. Bureau of Mines on the "Decline and Ultimate Production of Oil Wells".- See more at: RIGZONE - Kemp: Why The Shale Revolution Is Not About To End
 
Still averaging $3.17 around here. Been busy this morning, My AC unit was leaking condensation all over the place so I had to clean out the drain line and while I was there I serviced the inside and outside units, good to have that done, but now I'm burnt out.mechanic1.jpg
 
Buster said:
You're suppose to do that in the Spring before it gets HOT...
Click to expand...
How true, manana manana, but I am fortunate My unit is in a closet in the garage, not in the damn attic, sits on a shelf about waist high, wonderful!! Water leaked out the door into the garage, some on the baseboards but not in the house. No wet ceilings, damaged Sheetrock, repainting none of that stuff.:D
 
Is this why gas is up or is it the dollar?
EIA Petroleum Status Report
Economic Calendar - Bloomberg
[TABLE="class: actual_consensus_box"]
[TR="class: actual_consensus_toprow"]
[TD]		PriorActual
Crude oil inventories (weekly change)
Gasoline (weekly change)
Distillates (weekly change)

[TD="class: econo-releaseinfo"] Released On 9/4/2014 11:00:00 AM For wk8/29, 2014 [/TD]

[TD="class: actual_consensus_box_numbers"]-2.1 M barrels[/TD]
[TD="class: actual_consensus_box_numbers"] -0.9 M barrels [/TD]

[TD="class: actual_consensus_box_numbers"]-1.0 M barrels[/TD]
[TD="class: actual_consensus_box_numbers"] -2.3 M barrels [/TD]

[TD="class: actual_consensus_box_numbers"]1.3 M barrels[/TD]
[TD="class: actual_consensus_box_numbers"] 0.6 M barrels
[/TD]
[/TD]
[/TR]
[/TABLE]
 
You must log in or register to reply here.
Back
Top