Posted on 01/18/2008 12:33:51 AM PST by Stoat
P.Cera reckons that oil output, including unconventional oil, such as tar sands, could allow oil to peak at much higher levels of as much as 112 million barrels per day, with average rates of more than 100million bpd.
No one, including peak oil theorists (which I'm not), would disagree with this. As conventional oil declines, we will substitute alternatives. The issue is whether unconventional oil, which is somewhat move expensive, will be the price winner vs. other alternatives coming online.
It all depends on the lift volume per stroke. some are steady and low volume, some are longer stroke (higher volume) and intermittent.
New wells might be flowing, nad not need a pump at all.
24,000 gallons of gas--about 8 semi-loads if iirc.
I don't mess around with the downstream end of the industry much, I am in exploration.
Either that was a very large facility with a lot of fuel islands, or the tanks were dry while you were putting the pumps in.
Not knowing what sort of arrangement the distributor had with the owner, whether the station was under new management, or what, I can't say one way or the other.
That fuel may have been paid for and waiting for y'all to finish installing the pumps. I don't know.
A gasoline shortage doesn't mean that crude storage tanks won't be full if the bottleneck in the supply chain is in the refining process.
So you could well have seen crude tanks full, and there still have been a gas shortage.
FYI, fuel trailers are most commonly ~9,000 gal, some up to 12,000.
http://www.truckpaper.com/listings/forsale/list.asp?bcatid=28&catid=64&ParentCategoryID=28
I stand corrected. Thanks.
In 1974, iirc, the arabs embargoed us and the price of a barrel of crude oil doubled overnight.
Refineries have to shut down periodically for maintenance and upgrades, otherwise, they have more serious problems and longer delays, usually after a fire or explosion.
There are many reasons why crude oil tanks can be full during a shortage, not the least of which have to do with refining capacity, but may include having just been filled with refinery feedstocks (offloading tankers--i do not know where you saw these tanks, whether at a port or inland), or waiting for pipeline space to be sent out.
In general, though, if it costs more to do than it will bring in in revenue, it probably won't get done. It is a business, not a charity.
The numbers are stuck in brain.
Doesn't matter to me really, its your wallet not mine, just saying.
I'm sorry to hear that, given the fact that you took the time to submit a post here.
its your wallet not mine,
Indeed it is, thankfully, and many people who "waste" their money on a car bigger than a rollerskate view it as a perfectly sound investment. Among other rationales, it can be viewed as a more tangible sort of life insurance....many of us prefer paying a bit more up front than paying for completely unnecessary injuries suffered as a result of a needlessly damaging auto accident. Thankfully, America is still a place where people are allowed to protect themselves and their families in this way if they so choose as opposed to being forced into tiny little cars that are totalled when they hit a bicycle or a cat.
Lying in a hospital bed while wondering whether you would even be there at all if you had opted for a slightly safer car is not the sort of question that many people enjoy pondering.
just saying.
I'm unsure what this means, but I'm guessing that it ties in with your opening 'doesn't matter to me' disclaimer.
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