Yeah I think that's still Harris County. You can see it right off of I-10. I'm not sure who all of the suppliers are but Im sure the JV partners are involved
I'll post tonight once I get a chance. I'll be in meeting me until 7:30 or 8.SC-AG said:
Any update on the results of the end of Q1 oil price is right game?
Skillet Shot said:
Anyone going to the DUG happy hour at 5?
I suspect we're looking at years if not decades of cheap oil.1876er said:
Inventories Still rising. Doesn't appear OPEC cuts have had much impact. I think it is game over for OPEC.
This fracing thing just keeps getting more efficient. Yup, we're in an era of cheap oil.topher06 said:
Decades? Really?
Everyone in 2013 thought we'd never see oil below $80 again. Production is increasing quickly but so is demand. The developing world has tremendous upside potential in terms of energy demand and they're not gonna be jumping straight to Priuses and solar panels. The other major oil exporters are a backwards, repressive shariah state in the most unstable region in the world and a corrupt superpower run by a sociopathic former KGB despot who is pretty openly at odds with the west. Domestically, the heart of our pipeline and refining system as well as a large portion of our production is located in a Gulf that is long overdue for a hurricane. Supply ain't always such a sure thing either, fraccing or no.techno-ag said:I suspect we're looking at years if not decades of cheap oil.1876er said:
Inventories Still rising. Doesn't appear OPEC cuts have had much impact. I think it is game over for OPEC.
Ag2012 said:Everyone in 2013 thought we'd never see oil below $80 again. Production is increasing quickly but so is demand. The developing world has tremendous upside potential in terms of energy demand and they're not gonna be jumping straight to Priuses and solar panels. The other major oil exporters are a backwards, repressive shariah state in the most unstable region in the world and a corrupt superpower run by a sociopathic former KGB despot who is pretty openly at odds with the west. Domestically, the heart of our pipeline and refining system as well as a large portion of our production is located in a Gulf that is long overdue for a hurricane. Supply ain't always such a sure thing either, fraccing or no.techno-ag said:I suspect we're looking at years if not decades of cheap oil.1876er said:
Inventories Still rising. Doesn't appear OPEC cuts have had much impact. I think it is game over for OPEC.
We're years out from buying our next house or having to replace a roof, but a few years of proofing the system in the marketplace and I think I'll be all in on the Tesla solar roof and home battery.Buck Compton said:
Completely agree. You'll see much more of a distributed model. Hell, solar still works very well on a small scale already for low load applications.
This is generally even done at the static production site. For example, when you change rods out in a nuclear plant, you shut off the boiling water reactors. Replacing them are massive diesel generators.
techno-ag said:This fracing thing just keeps getting more efficient. Yup, we're in an era of cheap oil.topher06 said:
Decades? Really?
I appreciate the response.Buck Compton said:
If anyone really wanted to put a hurt on fossil fuels, they would push for nuclear energy... Not renewables.
The historic problem with electricity is that it is unbelievably difficult to store. When you can store it, it takes some very disgusting chemicals and compounds to make it happen. These things do not come cheap. For transportation specifically, there is no solution to "car charging stations". You don't just swoop in and re-charge quickly.
You mention the alternative energies, but again, let's play the cost game. Solar and wind electricity just cannot compare to the efficiency of hydrocarbons. Even with massive subsidies many of these companies can't stay afloat. Again, the problem your grid faces is transmitting and storing energy from non-constant sources.
We have quite a few dams in the United States. We have pretty much dammed up all we can reasonably be expected to. That provides about 2.5% of our total electricity load. See the chart below for just how much more investment would need to be made in the United States.
A free market doesn't jump to renewables independent of pollution penalties and constraints because they just aren't economical compared to other sources.
Population is growing, not declining. Oil/gas are still cheaper and more efficient than solar/wind etc. Demand will only increase over the years, not decrease. More abundant oil/gas still makes it very efficient to operate cars, trucks, etc. Out of a 42 gallon drum of crude, roughly 19 of it goes to make fuel, the rest for other things, so the need/demand will be there, just in different areas of consumption/use. Natural gas demand will rise as a very cheap source since there is a lot of it out there.techno-ag said:I suspect we're looking at years if not decades of cheap oil.1876er said:
Inventories Still rising. Doesn't appear OPEC cuts have had much impact. I think it is game over for OPEC.