PeakOil is You
Is EROEI Important Pt. 5
Re: Is EROEI Important Pt. 5
by rockdoc123 » Fri 15 Mar 2019, 21:37:16
$this->bbcode_second_pass_quote('', 'Y')ou can't produce API 6° to 16° oil without a lot of diluent.
Tell that to Colombia who has been producing oil of that gravity for many years. You can produce oil of any gravity as long as the viscosity is low enough. You need to be reminded that the only reason in North America that heavy oil is mixed with light oil (not diluent you idiot, which is specifically meant to apply to pipeline additions as you have been told numerous times) is the refineries are set up for a specific blend that maximizes the ability to get at the deep cuts. And you also need to inform yourself about cracking refineries, which were specifically designed to deal with heavier oils. There are a number of them around and Alberta is looking at building a couple more.
$this->bbcode_second_pass_quote('', '')Venezuelan heavy has been estimated at 8 times the extraction cost of Saudi Light.
What sort of stupid comment is that? It is not much different than saying gold is worth a hundred more times than lead. It is meaningless, everyone has known that since day one and has dealt with it. It costs more, and companies are willing to pay that to get it out of the ground and sell it at a profit. What is the problem?
$this->bbcode_second_pass_quote('', 'V')enezuelan production is an industry that produces a lot of cash, and very little profit.
Again from the one person on this forum who doesn’t understand economics or how to read a financial report. When oil was at the high when Venezuela’s reserves got upgraded they were making somewhere in the range of $30 - $40 per bbl netback. Now, of course, at the lower prices they have problems but it isn’t to do with the oil grade as Alberta is capable of still producing down to low prices and making a profit (it is the same gravity and viscosity as much of the Orinoco). Venezuela made a ton of profit at high oil prices, unfortunately Chavez and his successor spent it all on social programs that would support them at the voting booths rather than reinvesting in the oilfields. Hence the current problem.
$this->bbcode_second_pass_quote('', 'V')enezuela is stuck with high production cost oil, poor management, and a spend thrift ex cab driver turned dictator.
This is all true but the fact is the high production costs can be offset by better oil and gas management. Chavez made sure that would not happen and his accolade just seems to be worse. It is interesting to note that Chavez was poor when he came into power but apparently was a billionaire when he passed. And I expect that is what the current man in power is anticipating. Apparently Dissident is one of the people on this board who supports that outcome.
$this->bbcode_second_pass_quote('', 'B')ankrupt Canada is going Venezuela. -ism problem, requires right Mafia with fake money. Will recover sometime in future.
Most of the time I ignore you but this is just the dumbest thing you have pretty much said in a long time (and that is saying a lot). How is Canada bankrupt…please show us the numbers (assuming you can actually count). I suggest you either you quit ingesting whatever it is you are when you post or alternatively if you are “drug free” you should take a visit to the closest mental health facility as you are now babbling nonsense. Your keyboard will thank you for being suddenly saliva free.
-
rockdoc123 - Expert
- Posts: 7685
- Joined: Mon 16 May 2005, 03:00:00
