I'm trying to understand the world peak in terms of light sweet versus heavy sour. Has anyone seen any percentages or ratios as to how much light sweet versus heavy sour makes up our 84/MBPD world consumption? What about current refining capacity? How much of it is geared towards light or heavy? Is the industry in a mad rush to convert their refineries to handle heavy? The BP plant in Texas that keeps blowing up is refining heavy. (Is this analagous to a pothead smoking up all his primo ganja and then scraping the pipe for resins?)
How about the EROEI and environmental affects of refining heavy versus sour? Is it possible that we could hit a light sweet peak, that is mistaken for the real peak based on lack of refining capacity for heavy sour. Then bounce along for a couple years before heavy refining capacity catches up extending the "real" peak out further in time?
I ran across an article a while back that said SA wants to get in to the refining business (of heavy sour). Venezuela is getting in to the action with the Hamaca 'heavy crude' upgrade project:
There has also been a deluge of media reports in relation to high oil prices about the "lack of refining capacity." What is never made evident in these reports, but seems quite obvious, is that there's plenty of light sweet refinery capacity but very little heavy sour capacity. Without understanding this point, one would think that tankers brimming with oil are lined up in ports around the world waiting to offload their bounty, and we just can't make enough refineries to keep up with all the oil we're pumping out of the ground.
It seems we are headed from a light sweet world to a heavy sour world.
most dutifully,
seldom seen










