[JV153]

Sand use for fracing in the U.S is approaching 45 million metric tonnes a year.

http://www.bizjournals.com/twincities/m ... upper.html

http://www.lselectric.com/sand-wars-fra ... s-foundry/

[Subjectivist]

Other than the rumors of sand being in short supply for mortar and cement work why does this matter at all?

[Cog]

Is there a shortage of seaweed? Assuming you have any idea of what you are talking about.

[Tanada]

$this->bbcode_second_pass_quote('pstarr', 'T')he Price of Agar. Because of a seaweed shortage, the price of the common lab reagent agar has sharply increased, Nature News reports. The wholesale price of agar is some $35 to $45 per kilogram, about triple what it was before the shortage.Dec 8, 2015
The Price of Agar | GenomeWeb
https://www.genomeweb.com/scan/price-agar

[ROCKMAN]

pstarr - One of the reasons a lot of frac'ers have gone to manmade propants. Especially where high closing pressures will crush sand and reduce permeability. For example:

http://www.carboceramics.com/ceramic-proppant/

[ROCKMAN]

$20 per bbl??? That remains to be seen IMHO. But at current prices? Folks that didn't understand the pressure that the managers of pubcos feel to increase booked reserves y-o-y that led to the original shale boom will also have trouble understanding this report.
From

http://www.rigzone.com/news/oil_gas/a/1 ... its_Expand

"The shale surge that’s tied down global oil prices shows no signs of abating, as four of the biggest U.S. drillers said they’re not backing away from lofty production targets for 2017. In second-quarter earnings reports, EOG Resources Inc., Devon Energy Corp., Newfield Exploration Co. and Diamondback Energy Inc. all outlined goals on Tuesday that would help push U.S. output toward a record 10 million barrels a day next year. Even Pioneer Natural Resources Co., which trimmed the top end of its forecast due to delays in the Permian shale basin, still expects to increase oil and natural gas volumes by 16 percent at year’s end.

The reports suggest staying power for a supply glut that’s kept world oil prices on a roller-coaster ride this year, even as OPEC nations vowed to reduce output. The optimism from the U.S. shale fields followed quarterly reports last week that showed major international producers including Exxon Mobil Corp. and Royal Dutch Shell Plc are also learning to make money at $50 a barrel,less than half the peak that crude reached three years ago.

“In the best parts of the basins, shale is here to stay," said Rob Thummel, managing director at Tortoise Capital Advisors LLC in Leawood, Kansas, which manages $16 billion in energy-related assets. “Shale production is going up. It’s not a matter of if; it’s just a matter of how much."

Learning to make a profit at $50 a bbl shouldn't be to difficult: all Big Oil has to do is remember how it made profits from 1982 to 2004 when the inflation adjusted price of oil was significantly less then the current price. The big question will be whether it finds a meaningful number of projects similar to what it found during those 2 decades.

[ROCKMAN]

"I will never convince you that energy is lost getting energy." That would seem to beg the question: if the world is currently consuming more then the IEA estimate in 2013 of a total primary energy supply of 1.575 × 10 to the 17 power Wh (= 157.5 PWh, 5.67 × 10 to the 20 power joules) or 13,541 Mtoe...then where are we getting this apparently inexhaustible supply of energy used to produce the energy we're consuming?

[dirtyharry]

And another one bites the dust . http://www.zerohedge.com/news/2017-08-0 ... hedge-fund

[AdamB]

$this->bbcode_second_pass_quote('dirtyharry', 'A')nd another one bites the dust . http://www.zerohedge.com/news/2017-08-0 ... hedge-fund

[ROCKMAN]

"And another one bites the dust." And bare in mind that neither of these dead fish every drilled an oil/NG well or invested in one. Just more fools who thought the could predict the future price of petroleum.

[rockdoc123]

$this->bbcode_second_pass_quote('', 'L')earning to make a profit at $50 a bbl shouldn't be to difficult: all Big Oil has to do is remember how it made profits from 1982 to 2004 when the inflation adjusted price of oil was significantly less then the current price. The big question will be whether it finds a meaningful number of projects similar to what it found during those 2 decades.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('AdamB', '')$this->bbcode_second_pass_quote('dirtyharry', 'A')nd another one bites the dust . http://www.zerohedge.com/news/2017-08-0 ... hedge-fund

[rockdoc123]

It is interesting to look at the way oil and gas companies trade hedges. The one main reason for hedging if you are an O&G company is because there is a certain price point below which the pain is too great and your company is at risk. To that end most companies will give away some of the upside to protect their downside. When companies make acquisitions they tend to hedge the value of that purchase at a price close to the purchase price so as to protect their downside. I think there are very few traders working for large companies that seek to "beat the market".

[ROCKMAN]

Doc - So true. In fact, every one of the big acquisitions I've seen in at least the last 20 years that included a big loan the lender REQUIRED the company to put a significant hedge in place. The lenders didn't want any "big pain" filtering down to then.

But don't be confused folks: a petroleum company hedging its production has nothing to do with hedge funds loosing their asses. Two different dynamics.

[AdamB]

$this->bbcode_second_pass_quote('pstarr', 'R')egarding the trolls, I just yesterday posted a private message to Newfie asking the same. Perhaps if others were to do so, it would have an effect? There are other moderators also.

As for Asy7, I don't see where ETP reference at a peak-oil web site can be considered trolling.

[radon1]

http://oilprice.com/Energy/Crude-Oil/Ru ... cking.html

$this->bbcode_second_pass_quote('', '
')Russia Claims To Have Invented Alternative To Fracking

Russian scientists and local oil field services companies claim to have created a technology for thermochemical gas fracturing that could be an alternative to hydraulic fracturing and could increase oil production by between 1.7 and 6 times, Russia’s news agency RIA Novosti reports, citing the University of Tyumen’s press service.