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Wanderers Ways. Neil Thompson 1961-2021

Saudi Consulate Disappearance


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Just now, tyldesley_white said:

Will not happen in your life time

An interesting point this raises- just how long is oil likely to last?

At which point does it become too expensive and pointless to try to exploit?

I would imagine the Saudis would in time convert to solar power generation for income generation.

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2 minutes ago, Tonge moor green jacket said:

An interesting point this raises- just how long is oil likely to last?

At which point does it become too expensive and pointless to try to exploit?

I would imagine the Saudis would in time convert to solar power generation for income generation.

Pretty sure the Saudi oil is the easiest to extract as opposed to Venezuela’s heavier stuff.

Saudis last year had something like 260 billion barrels in reserve, whereas the Venezuelans had touching 300billion and more discoveries made by them.

 

once the world isn’t dependent on the Saudis, they’ll most likely be filled in straight away :D

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1 minute ago, Tonge moor green jacket said:

An interesting point this raises- just how long is oil likely to last?

At which point does it become too expensive and pointless to try to exploit?

I would imagine the Saudis would in time convert to solar power generation for income generation.

We ( I mean the world) as plenty to go at yet  .... there is plenty off field at the moment that are not commercially viable ( that's not to say in years to come it will become viable) fields that 20 to 30 years ago cost to much are now being put into play with new technology , mainly horizontal drilling and large multiply sub sea templates tied back a single platform or a FPSO . The Saudis' are looking into solar power

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2 minutes ago, miamiwhite said:

Pretty sure the Saudi oil is the easiest to extract as opposed to Venezuela’s heavier stuff.

Saudis last year had something like 260 billion barrels in reserve, whereas the Venezuelans had touching 300billion and more discoveries made by them.

 

once the world isn’t dependent on the Saudis, they’ll most likely be filled in straight away :D

unfortunately or for me fortunately all oil is not created equal. Extracting it is not really the issue its refining it, different grades of oil need to be refined differently. heavy oil is a bastard

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2 minutes ago, tyldesley_white said:

We ( I mean the world) as plenty to go at yet  .... there is plenty off field at the moment that are not commercially viable ( that's not to say in years to come it will become viable) fields that 20 to 30 years ago cost to much are now being put into play with new technology , mainly horizontal drilling and large multiply sub sea templates tied back a single platform or a FPSO . The Saudis' are looking into solar power

Do you reckon that some of its financial viability will become dictated by an increasing use of alternative technologies- ie electric vehicles?

As in the oil will still be relatively accessible, especially will the techniques you mentioned, but not actually required in the same quantities. Or is the oil industry big enough to stall moves away from its products to maximize it own income?

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1 minute ago, tyldesley_white said:

unfortunately or for me fortunately all oil is not created equal. Extracting it is not really the issue its refining it, different grades of oil need to be refined differently. heavy oil is a bastard

Remember doing a bit about that at (school?). North sea oil light and relatively easy to distil and therefore good for petrol etc?

Middle East a bit heavier and more sulphury?

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4 minutes ago, tyldesley_white said:

unfortunately or for me fortunately all oil is not created equal. Extracting it is not really the issue its refining it, different grades of oil need to be refined differently. heavy oil is a bastard

Saudi is light isn’t it whereas the Venezuelan stuff is heavy ?

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3 minutes ago, Tonge moor green jacket said:

Do you reckon that some of its financial viability will become dictated by an increasing use of alternative technologies- ie electric vehicles?

As in the oil will still be relatively accessible, especially will the techniques you mentioned, but not actually required in the same quantities. Or is the oil industry big enough to stall moves away from its products to maximize it own income?

the price of oil per barrel is the dictating factor say $40 a barrel but costs $50 to get it out of the ground it will stay there, now if its say $80 to 90 ( as its bouncing between now) then out its comes and that's always a gamble remember from finding a field ( offshore) it can take anywhere between 8 to 12 years before you get first oil, that's a lot of time for things to go pear shaped. Most of the oil majors are investing in those other alternative technologies. We are always going to need oil we are a hydro-carbon born generation unless we can get it another way maybe by using plant waste but for the foreseeable future we are going to need to live 

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40 minutes ago, Tonge moor green jacket said:

Remember doing a bit about that at (school?). North sea oil light and relatively easy to distil and therefore good for petrol etc?

Middle East a bit heavier and more sulphury?

Its both but you are right about the sulphur , that is what is killing the Canadians at the moment . You are right on the North see oil and WTI, middle east is mainly heavy

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12 hours ago, tyldesley_white said:

The Saudis have both Take a look at this it explains it very well

 

https://oilprice.com/Energy/Crude-Oil/A-Detailed-Guide-On-The-Many-Different-Types-Of-Crude-Oil.html

 

Will have a gander later. Quite fascinating how one lot of anaerobically decomposed critters and plants can vary so much from another.

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16 hours ago, birch-chorley said:

Aye 

they chopped him into pieces 

Easy mistake to make mid interrogation 

weve all been there 

reminds me of Robert Durst in The Jinx

he killed his neighbour, chopped him up into pieces and disposed of his remains

he got off because his hot shot lawyer was able to convince the jury that whilst he didn't deny killing him, and didn't deny chopping him up, he did deny murder and that he'd killed him by accident during an argument

they found him not guilty of murder so  let him go

 

 

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