11-22-2015, 06:51 PM
|
#1 (permalink)
|
|
Growin a stash
Join Date: Jun 2014
Location: Austin TX
Posts: 803
Thanks: 412
Thanked 304 Times in 228 Posts
|
Yet the world is still awash with crude
A nice story about how oil demand/supply is so out-of-balance, there is nowhere to put it and it is stacking up in tankers in port.
Epic oil glut sparks super tanker 'traffic jams' at sea - Nov. 22, 2015
__________________
2024 Chevy Bolt
Previous:
2015 Nissan Leaf S, 164 mpge
|
|
|
|
 Today
|
|
|
|
Other popular topics in this forum...
|
|
|
|
|
11-22-2015, 07:01 PM
|
#2 (permalink)
|
|
Master EcoModder
Join Date: Sep 2009
Posts: 5,927
Thanks: 877
Thanked 2,024 Times in 1,304 Posts
|
That's my birthday present.
regards
mech
|
|
|
|
|
11-22-2015, 07:31 PM
|
#3 (permalink)
|
|
...beats walking...
Join Date: Jul 2009
Location: .
Posts: 6,190
Thanks: 179
Thanked 1,525 Times in 1,126 Posts
|
Too much of a goo-d thing?
|
|
|
|
|
11-22-2015, 07:48 PM
|
#4 (permalink)
|
|
Ultimate Fail
Join Date: Feb 2008
Location: Austin,Texas
Posts: 3,585
Thanks: 2,872
Thanked 1,121 Times in 679 Posts
|
Ahem........pollution?
I look forward to a clean source of fuel / plastic / etc, and finding more oil just makes me feel like all of that is going to be a low priority.
There's money to be made ! Drill baby, drill !
|
|
|
|
|
The Following User Says Thank You to Cd For This Useful Post:
|
|
|
11-22-2015, 08:07 PM
|
#5 (permalink)
|
|
Master EcoModder
Join Date: Jun 2009
Location: SC Lowcountry
Posts: 1,795
Thanks: 226
Thanked 1,353 Times in 711 Posts
|
.
From the article.
Quote:
Inventories as high as they've ever been
There is a "massive cushion" of crude oil around the world, with global stockpiles sitting at a record 3 billion barrels, according to the International Energy Agency.
A stunning 487 million barrels of crude is sitting in U.S. inventories, levels unseen at this time of the year in the last 80 years, according to the U.S. Energy Information Administration.
"We've been through a low-price environment all year -- yet the world is still awash with crude here," said Smith.
|
This can't be...
We were told that "Peak Oil" had already been reached years ago... 
>
__________________
Woke means you're a loser....everything woke turns to ****.
Donald J Trump 8/21/21
Disclaimer...
I’m not a climatologist, aerodynamicist, virologist, physicist, astrodynamicist or marine biologist..
But...
I play one on the internet.
|
|
|
|
|
11-22-2015, 08:09 PM
|
#6 (permalink)
|
|
...beats walking...
Join Date: Jul 2009
Location: .
Posts: 6,190
Thanks: 179
Thanked 1,525 Times in 1,126 Posts
|
...an "upside-down" peak is a trough!
|
|
|
|
|
11-22-2015, 08:18 PM
|
#7 (permalink)
|
|
(:
Join Date: Jan 2008
Location: up north
Posts: 12,762
Thanks: 1,585
Thanked 3,555 Times in 2,218 Posts
|
Quote:
Originally Posted by redneck
.
From the article.
This can't be...
We were told that "Peak Oil" had already been reached years ago...
> |
Don't get too excited; this will pass. |
|
|
|
|
11-23-2015, 04:50 AM
|
#8 (permalink)
|
|
It's all about Diesel
Join Date: Oct 2012
Location: Porto Alegre, Rio Grande do Sul, Brazil
Posts: 12,562
Thanks: 0
Thanked 1,625 Times in 1,450 Posts
|
Quote:
Originally Posted by Cd
I look forward to a clean source of fuel / plastic / etc, and finding more oil just makes me feel like all of that is going to be a low priority.
There's money to be made ! Drill baby, drill !
|
Renewable alternatives are already available, and they can be developed without a need to expand the current "agricultural frontiers", but then OPEC does its dumping game when they feel threatened by the competition with biofuels... |
|
|
|
|
11-23-2015, 05:46 AM
|
#9 (permalink)
|
|
Eco-ventor
Join Date: Oct 2010
Location: sweden
Posts: 1,631
Thanks: 74
Thanked 702 Times in 445 Posts
|
Let me give you a short behind-the-scenes version of the events: Assad plans to create an Iran-Iraq-Syria pipeline to supply oil to Europe. Saudi Arabia and Qatar feel that threatens their own pipeline so they fund the Islamic State to overthrow Assad.
But as IS grows and capures oilfields of their own they become less dependant of Saudi funding.
The Saudis fearing they will lose control of IS flood the market to diminish IS profits.
__________________
2016: 128.75L for 1875.00km => 6.87L/100km (34.3MPG US)
2017: 209.14L for 4244.00km => 4.93L/100km (47.7MPG US)
|
|
|
|
|
11-23-2015, 07:56 AM
|
#10 (permalink)
|
|
Lean Burn Cruiser!
Join Date: Dec 2012
Location: Johnston County, NC
Posts: 931
Thanks: 835
Thanked 490 Times in 309 Posts
|
Quote:
Originally Posted by jakobnev
Let me give you a short behind-the-scenes version of the events: Assad plans to create an Iran-Iraq-Syria pipeline to supply oil to Europe. Saudi Arabia and Qatar feel that threatens their own pipeline so they fund the Islamic State to overthrow Assad.
But as IS grows and capures oilfields of their own they become less dependant of Saudi funding.
The Saudis fearing they will lose control of IS flood the market to diminish IS profits.
|
This makes good sense... then again, I like a good conspiracy theory 
...Or is it one? 
|
|
|
|
|
