Oil, is it important?

[Fetus4188]

What natural reserves of liquid hydrogen do we have?

None, it must be created through an extensive input of energy from other means. In other words, we use it as a battery.

 

[El_Machinae]

What natural reserves of liquid hydrogen do we have?

Jupiter & Saturn!

 

[Zhuge_Liang]

The moons have that deposit also......... I think........

 

[T.A JONES]

Yes oil is right in the middle of what the World considers most precious The other two being gold and drugs or GOD. Oil is need to transport drugs and mine for gold.


Canada sits on the largest chunk of the total amount of world reserves.
Its no wonder why its currency beats the greatest ecocomic country in all humanitys existance. Simply stated, The higher the price of a barrel, the more we invest in the extraction process untill finnaly new methods are discovered that offset the climbing price as a result.

Until oil under the Oceans floor and Artic ice shelf can be plundered, great strides in mining oil will offset the shortage predictions made long ago by unknowledged speculaters in the 'oil extraction technolgy'

ANother example in new extraction methods is helium Its now used to raise up oil in wells once considerd oto be 'run dry' from an economic standpoint.
Follow the rise in price of this gas per cubic and you'll will see how valuable of a method were talking here.

 

[Mountain-God]

National Geographic strikes again!

What does NG have to do with it?

 

[Mountain-God]

Until oil under the Oceans floor and Artic ice shelf can be plundered, great strides in mining oil will offset the shortage predictions made long ago by unknowledged speculaters in the 'oil extraction technolgy'

ANother example in new extraction methods is helium Its now used to raise up oil in wells once considerd oto be 'run dry' from an economic standpoint.
Follow the rise in price of this gas per cubic and you'll will see how valuable of a method were talking here.

Which is hardly an excellent plan when the environment can only absorb so much CO2 and other emissions from the combustion of oil. Frankly, whether or not there's plenty more to be drilled is irrelevant as it becomes clear that ability to absorb and balance oil bi-products is at/near/or past.

Of course, the oil companies and their shareholders will be happy to keep at it while there's money to be made.

Meanwhile, helium is a limited resource - relatively rare in nature - with the only known method of production through a slow nuclear process ie specialist nuclear power plant. Not exactly cost effective.

And that's if the concept is even realistic.

I'd suggest that method is more a 'fluff' theory than anything really viable now or in the future - especially as @ the cost of it's production, one may as well use the electricity generated by that nuclear power-plant instead.

 

[EdwardTking]

Ocean floors are mainly basalt and have no oil.
And many continental shelves such as the North
Sea are already drilled, passed peak and depleting.

 

[Narz]

Jupiter & Saturn!

"We" don't "have" those planets, the amount of fuel it would cost to send rockets to them and extract the hydrogen would probably exceed the energy returns by 100 fold or more.

 

[El_Machinae]

Well ... if you don't want 'em, I'll keep 'em!

 

[Narz]

All yours then. Be sure to bring some warm sweaters.

 

[T.A JONES]

And that's if the concept is even realistic.

I'd suggest that method is more a 'fluff' theory than anything really viable now or in the future - especially as @ the cost of it's production, one may as well use the electricity generated by that nuclear power-plant instead.

Ya you were right to not believe. I was badly mistaken. Everything I said was right except its not helieum its CO2 they use with some other gases.


Im not in habit of regurging BS unless mislead. I own shares in the former Ridgeway Petro now "Enhanced Oil Resources" and guess what they do? .

WHen the stock skyrocketed monthes ago I called my dads broker and he gave me the story I spilled here.
As you see they use CO2 and other gases to compete in the.enhanced oil recovery business with other major Canadain firms so no lie there, this is a viable way to maximize output and throw of supply predictions of yesteryear. Its also a good bid of business is todays marker conditions but problems can arise like any endevours of this nature.

What got messed up I imagine is the fact this company also produce helium(as it says). The reason for me making money I guess was less the scraping of oil wells but more the value of helium on the rise. NOt sure though I need to research

I should have hunted for a backup link but figured I had made me enough money to say I was an expert

 

[Mountain-God]

Ya you were right to not believe. I was badly mistaken. Everything I said was right except its not helieum its CO2 they use with some other gases.


Im not in habit of regurging BS unless mislead. I own shares in the former Ridgeway Petro now "Enhanced Oil Resources" and guess what they do? .

WHen the stock skyrocketed monthes ago I called my dads broker and he gave me the story I spilled here.
As you see they use CO2 and other gases to compete in the.enhanced oil recovery business with other major Canadain firms so no lie there, this is a viable way to maximize output and throw of supply predictions of yesteryear. Its also a good bid of business is todays marker conditions but problems can arise like any endevours of this nature.

What got messed up I imagine is the fact this company also produce helium(as it says). The reason for me making money I guess was less the scraping of oil wells but more the value of helium on the rise. NOt sure though I need to research

I should have hunted for a backup link but figured I had made me enough money to say I was an expert

Too many helium balloon parties? Hmmm Good times...

 

[Desmond Hawkins]

Sorry, I meant material prizes.

(Prize, as in anything striven for, worth striving for, or much valued.)

It does make so much more sense with that one letter change. I thought it had something to do with the price system that I didn't understand.

 

[Zhuge_Liang]

Wait..... why are we talking crude oil? How about vegetable oil?

 

[philippe]

Wait..... why are we talking crude oil? How about vegetable oil?

vegetable oil made from lineseeds also creates pollution but then in a different way, and it's not economically viable

 

[bhsup]

Well how about whale oil? We can turn the Med into a big honkin' whale birthing farm, artificially impregnate them, and slaughter them for their oil and meat. Yeah, yeah!

 

[Zhuge_Liang]

Yeah, and the thread says OIL! I didn't specify any oil. Just a wide range of oils.

 

[Zhuge_Liang]

What about Virgin Coconut Oil?

 

[Narz]

What about Virgin Coconut Oil?

Only $22 for nearly half-a-gallon & eligible for FREE Super Saver Shipping on orders over $25.

 

[Zhuge_Liang]

What the?????