11-22-2015, 07:51 PM
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#1 (permalink)
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Growin a stash
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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
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11-22-2015, 08:01 PM
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#2 (permalink)
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Master EcoModder
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That's my birthday present.
regards
mech
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11-22-2015, 08:31 PM
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#3 (permalink)
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...beats walking...
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Too much of a goo-d thing?
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11-22-2015, 08:48 PM
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#4 (permalink)
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Ultimate Fail
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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 !
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The Following User Says Thank You to Cd For This Useful Post:
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11-22-2015, 09:07 PM
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#5 (permalink)
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Master EcoModder
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.
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.
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This can't be...
We were told that "Peak Oil" had already been reached years ago... 
>
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Woke means you're a loser....everything woke turns to ****.
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Disclaimer...
I’m not a climatologist, aerodynamicist, virologist, physicist, astrodynamicist or marine biologist..
But...
I play one on the internet.
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11-22-2015, 09:09 PM
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#6 (permalink)
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...beats walking...
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...an "upside-down" peak is a trough!
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11-22-2015, 09:18 PM
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#7 (permalink)
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(:
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Quote:
Originally Posted by redneck
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From the article.
This can't be...
We were told that "Peak Oil" had already been reached years ago...
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Don't get too excited; this will pass. |
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11-23-2015, 05:50 AM
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#8 (permalink)
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It's all about Diesel
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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 !
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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... |
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11-23-2015, 06:46 AM
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#9 (permalink)
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Eco-ventor
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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.
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11-23-2015, 08:56 AM
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#10 (permalink)
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Lean Burn Cruiser!
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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.
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This makes good sense... then again, I like a good conspiracy theory 
...Or is it one? 
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