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The Forum > Article Comments > Oil majors near inflection point as spending rises > Comments

Oil majors near inflection point as spending rises : Comments

By Nicholas Cunningham, published 1/2/2019

The oil market downturn that began in 2014 led to steep cost deflation, with falling costs for services, equipment and labor. But those cost reductions appear to have bottomed out.

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If only we could bottle and or bank the opinions of senior executives or guarantee success based on the often errant prognostications, that have a success rate no better than a dart throwing monkey!?'

Australia has just experienced its hottest January on record and during a waning phase of the sun when almost the opposite ought to be the norm. Even as Chicago is experiencing colder temperatures than Antartica.

These "senior executives" have just too much skin in their game and therefore seek through rumour spreading and quite blatant collusion and production limitations to force the "market" to bear to the maximum! And just plain dumb, given the aforementioned, reported climate change induced extremes!
Alan B.
Posted by Alan B., Friday, 1 February 2019 10:14:37 AM
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If one drives a motor vehicle powered by a conventional combustion engine, one is using fuel derived from algae laid down millions of years ago

. Moreover, one does not need to wait for millions of years and metamorphose to use the oil these life forms produce. But can grow them like any other broad-scale crop using millions of tons of wasted if sanitized nutrient-rich effluent

. Some types are up to 60% oil and child's play to extract as ready to use biodiesel or jet fuel. Grown out in long clear plastic tubes, optimizes production.

Some of the material is harvested utilizing simple continuous rotary filtration followed by sun drying and crushing to extrude and harvest ready to use as is, superior diesel or jet fuel. And given a well planned and large facility, as thousands of tons a day!

The ex-crush material can be fed into organic digesters to produce copious biogas (methane) and pass that through a simple, well known catalytic conversion process to produce liquid methanol, an excellent substitute for petrol or avgas.

So you see we can grow our fuel in many ways and at an estimated cost, which includes a very healthy profit margin, for around 44 cents per litre! Time to get shot of these economy and environment destroying parasites and grow our own! And for a fraction of the cost of endless drilling new wells to recover less and less oil!

The type of production envisaged needs only wasteland and wastewater. Along with scales of economy, to set up all our fuel production in the same area and for countless decades, and at known cost of mostly automated production not able to be manipulated by Vladimir and cohort!

More later.
Alan B.
Posted by Alan B., Saturday, 2 February 2019 10:46:42 AM
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Recent technological advances and nuclear power has enabled science to create hydrocarbons from seawater. Albeit, quite expensive using current nuclear technology

. A 350 MW solid fueled enriched uranium reactor will consume 2551 tons of uranium over the course of a thirty-year operational life, consuming less than one ton of material (enriched uranium) that's as rare as platinum. Consequently almost as expensive.

Moreover, given how much of its fuel source is actually consumed, creates over 3550 tons of highly toxic waste with a half-life of thousands of years.

On the other hand, MSR thorium will burn just one ton of thorium during a 30-year operational life and using fuel as abundant s lead. Creating less than 1% waste, with a half-life of around 300 years! Traditionally, thorium was used as an indicator mineral in the search for rare earth and lithium. And easily found using airborne geophysical survey and side-looking radar.

[And eminently suitable as long life space batteries.]

Why, the security guard out front costs more than thorium. And so abundant, we can never run out of it.

Using the latter to power the aforementioned process, one could reasonably argue, we could make this manmade (created from seawater) fuel for just a few cents per litre. And really put the cat among the pigeons. Create the biggest Wall Street crash in history!?
Alan B
Posted by Alan B., Saturday, 2 February 2019 4:38:47 PM
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Hi Alan B.

You be the first to suggest Thorium, or electric-battery, powered motorbikes to tough Bikies matey.

Like Ford Mustang drivers, bikies treasure the roar of the internal combustion engine.

Cheers

Pete
Posted by plantagenet, Saturday, 2 February 2019 4:45:05 PM
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A small battery powered app and a pair of headphones will enable an electric car to duplicate the pedal to the metal, roar of your favourite gas guzzler Pete, be it the traditional ford mustang V8 or a Lamborgini V12 or a Buggatti V16. ( Two coupled V8's)

The last one, my preferred hearing damaging decibels along with the ludicrous driving mode for the Tesla electric car. And the instantaneous G's and white line fever, you get from a standing
start and the incredible torque of a four-wheel drive electric!

Motoring enthusiasts around the world will tell you, once you've driven an electric vehicle, ( A Tesla?) there's no way you're ever going back to an infernal combustion engine. Where as much as 85% of the power is consumed in the transmission.
Cheers, Alan B.
Posted by Alan B., Sunday, 3 February 2019 9:03:31 AM
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A thorium powered bike Pete? Now that'd be some bike. Given just 8 grams of thorium stores enough power to power your house and car for 100 years and at a recovery and refining cost of just $100.00.

And equates to just one buck a year to power the bike and everything on your camping site, from the TV/Stereo to the freezer to the water collecting dehumidifier. Some types are able to make up to 400 litres off potable water every 24 hours. It'd be a big heavy duty sidecar

It'd be one of those super silent tourers like a shaft driven BMW or Harley. Mine would include a sidecar, an armchair for the missus and a powered third wheel.

There's nothing quite like a bike, the open road, the wind in your hair and the flies in your teeth is there Pete?

Don't mind the little peppery ones that come out in swarms just before rain but those flamin blowies still taste like sh!t. And force me to spit in memory.
Cheers, Alan B.
Posted by Alan B., Sunday, 3 February 2019 9:25:00 AM
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