God looks after drunks, fools and the USA

[littlebeast13]

I just had a flashback to the GC days......

lb13

[jarnon]

(Back to the original topic)

As Spock knows, the oil and gas boom isn't limited to North Dakota and Texas. The Obama administration knows this too, and is willing to take on its environmentalist allies:

Obama Opens Eastern Seaboard to Oil Exploration

The Obama administration is reopening the Eastern Seaboard to offshore oil and gas exploration, approving seismic surveys using sonic cannons that can pinpoint energy deposits deep beneath the ocean floor.

Friday's announcement is the first real step toward what could be a transformation in coastal states, creating thousands of jobs to support a new energy infrastructure. But it dismayed environmentalists and people who owe their livelihoods to fisheries and tourism.

The U.S. Bureau of Ocean Energy Management acknowledged that thousands of sea creatures will be harmed.

[Jeemie]

What happens to a glass of Coke when you put more straws in it?

[BackInTex]

What happens to a glass of Coke when you put more straws in it?

Not sure what you're analogizing.

[Jeemie]

What happens to a glass of Coke when you put more straws in it?

Not sure what you're analogizing.

It'll come to you.

[ghostjmf]

Its a famous movie quote, but in the movie its not Coke, it's "milkshake". Not the hit song milkshake.

[Jeemie]

Its a famous movie quote, but in the movie its not Coke, it's "milkshake". Not the hit song milkshake.

I was not thinking of "There Will Be Blood"

I was thinking about what happens when you put several straws into a glass of Coke and then evryone starts to drink. What happens to the Coke?

And I sincerely hope that there aren't people here that believe in free refills.

[ne1410s]

The locusts move to a different soda fountain.

[Jeemie]

The locusts move to a different soda fountain.

There's really only one soda fountain.

[BackInTex]

The locusts move to a different soda fountain.

There's really only one soda fountain.

Oh I get it. Sort of like flying an 747. A single engine will run 4 times as long on a single tank of fuel as all four of them going at once. But in that case, the plane crashes because at the time it needs all four to fly. However, every engine does have access to all the fuel.

But the straws in the coke in Venezuela can't drink the coke off of New Jersey, nor will the straws off of New Jersey have any access to the coke in Venezuela. There are different fountains. And many still believe in segregation. We can't drink there.

[Jeemie]

No, that's still not it.

We may indeed get to nominal energy independence.

It won't last unless we move to something else other than oil and gas.

Look what we have to do to get the stuff now.

[Bob Juch]

The locusts move to a different soda fountain.

There's really only one soda fountain.

Oh I get it. Sort of like flying an 747. A single engine will run 4 times as long on a single tank of fuel as all four of them going at once. But in that case, the plane crashes because at the time it needs all four to fly. However, every engine does have access to all the fuel.

But the straws in the coke in Venezuela can't drink the coke off of New Jersey, nor will the straws off of New Jersey have any access to the coke in Venezuela. There are different fountains. And many still believe in segregation. We can't drink there.

Actually the straws go into the same tank. All oil is sold on the international market.

[BackInTex]

Actually the straws go into the same tank. All oil is sold on the international market.

No more than Uhaul has standardized prices across the country.

[Bob Juch]

Actually the straws go into the same tank. All oil is sold on the international market.

No more than Uhaul has standardized prices across the country.

You really do have a reading comprehension problem.

[BackInTex]

Actually the straws go into the same tank. All oil is sold on the international market.

No more than Uhaul has standardized prices across the country.

You really do have a reading comprehension problem.

Please explain where my comprehension of what you've written is incorrect.

All oil

My understanding (i.e. comprehension)...all oil, no exceptions

is sold

My understanding (i.e. comprehension)...is sold, title or ownership is exchanged for money or other valuable assets

on the international market.

My understanding (i.e. comprehension)...on the international market, a market meaning multiple non-domestic buyers have access to purchase any of the 'all oil'.


Did I miss something?

[Bubba Squirrel]

is sold

My understanding (i.e. comprehension)...is sold, title or ownership is exchanged for money or other valuable assets

That depends on what your definition of is is....

[Bob Juch]

No more than Uhaul has standardized prices across the country.

You really do have a reading comprehension problem.

Please explain where my comprehension of what you've written is incorrect.

All oil

My understanding (i.e. comprehension)...all oil, no exceptions

is sold

My understanding (i.e. comprehension)...is sold, title or ownership is exchanged for money or other valuable assets

on the international market.

My understanding (i.e. comprehension)...on the international market, a market meaning multiple non-domestic buyers have access to purchase any of the 'all oil'.


Did I miss something?

Actually I was referring to your U-Haul comment comprehension.

[Spock]

This article is maybe of general interest-more demography and geography related. Discusses some impacts on bigger cities. Looks at "Energy Surge" cities of Denver, Pittsburg, DFW and Houston. I wished they would have looked at San Antonio and the Eagle Ford.

http://www.marketwired.com/press-releas ... 931432.htm

--------------------------------------------------------------------------------------------------------------------------------------------------------------

http://www.us.jll.com/united-states/en- ... try-trends

Pull quote>>>In fact, according to Bruce Rutherford, JLL's Global Energy Practice Lead, without energy, there'd be no economic growth in the United States.<<<<

He is stating my basic point throughout the thread.

[Spock]

What happens to a glass of Coke when you put more straws in it?

Well, if you look at the Bakken(and other unconventional plays)-you get more oil out.

There are now plans for 18 well pads in some spacing units with straws going in various directions and levels. This well density was not even a gleam in Harold Hamm's eyes when we talked about this a few years ago. This will inherently get more oil out than 1 well in such a spacing unit would produce.

[Spock]

http://fivethirtyeight.com/features/nor ... stainable/

From the 538 guys. This is typical of the "Anti-Bakken" analysis that I have seen over the years.

They seem to define the ND boom as unsustainable because the exponential rate of growth won't continue until ND produces 400 million barrels a month.

Not one industry person expects the exponential rate to continue to that point. It will obviously level out.

I wonder if 538 ever predicted that ND would get to 1 million barrels a day-or was that not possible either.>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Group Representing Half A Billion Christians Says It Will No Longer Support Fossil Fuels


I wonder how that group plans to replace countless 6-figure jobs for blue collar workers.

[Spock]

Jeemie>>>And I sincerely hope that there aren't people here that believe in free refills.<<<<

I have struggled to find a term that fits the Shale Oil and Gas Revolution as applied to the Permian. 5 Years ago it was a drilled-out old tattooe'd whore of an oil field. Now it is an up-and-coming world class oil field thanks to technology that, effectively, "refilled" it.

http://sogistx.blogspot.com/2014/07/wal ... basin.html

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Jeemie>>Look what we have to do to get the stuff now.<<<

I would fix your sentence to "Look what we are able to do to get the stuff now."

The petroleum engineer that talked to us in ND talked about being able to drill formations that are only 12 feet thick. ie-they are able to keep the drill bit in that formation for the 2-mile horizontal leg. I suspect that there are a lot of 12-feet thick (and thicker) formations throughout the oil regions of the world that we now have the capability to access.

[Bob Juch]

In other news:

Israel Grants First Golan Heights Oil Drilling License To Dick Cheney-Linked Company

Israel has granted a U.S. company the first license to explore for oil and gas in the occupied Golan Heights, John Reed of the Financial Times reports.

A local subsidiary of the New York-listed company Genie Energy — which is advised by former vice president Dick Cheney and whose shareholders include Jacob Rothschild and Rupert Murdoch — will now have exclusive rights to a 153-square mile radius in the southern part of the Golan Heights.

Read more: http://www.businessinsider.com/israel-g ... z38KbSqB4t

[Spock]

I keep hearing about all the new jobs, but does anyone know how many are "good" jobs (i.e. pay wages you can actually live on) and how many pay minimum wage or close to it? It seems as though even in Texas many of the jobs I was applying for before I gave up and settled for my current job as a security guard were the latter. I don't think this is Obama's fault, but it seems that lots of middle class jobs were lost during the recession and were replaced with lower paying jobs.

Of course I'm over 50, which means I can't get a good job in Texas, California or anywhere else, but that is another issue.

The Bakken Jobs Boom is not just 24 year-olds working on the rigs. A neighbor of ours (approximately 55YO) is up there driving a shuttle van for Halliburton-hauling employees around.

The managers of the Man Camp where we stayed were about a 60 YO couple from Mississippi. The female is the face of the camp, and was just a fun person to be around. Her husband is a retired peace officer and thus is able to help keep order there-he also does some maintenance.

Every aspect of the area's infrastructure needs help and provides possible opportunities. Local government, hospitals, schools etc. I think there are probably more of these infrastructure type opportunities in ND than in Texas because those entities in the Bakken were so small-prior. Hell, Walmart pays 17 plus an hour.

We are about 500 miles from Williston, but some local road construction companies have contracts there. I have been told that it is the 50plus YO's that are working those projects as the 40 YO's still have kids at home and don't want to work that far from home.

Another guy I know floated through life in various not real good jobs. He is 47 now-about 3 years ao he started working with a frac crew for Halliburton-The first real good money that I am sure he ever made. Not sure if he still works at Halliburton, but the last I heard he was teaching office bound engineers how things actually work in the field.

You are an IT guy(I think). Half the jobs on a drill rig involve sitting at a computer.

[Spock]

In other news:

Israel Grants First Golan Heights Oil Drilling License To Dick Cheney-Linked Company

Israel has granted a U.S. company the first license to explore for oil and gas in the occupied Golan Heights, John Reed of the Financial Times reports.

A local subsidiary of the New York-listed company Genie Energy — which is advised by former vice president Dick Cheney and whose shareholders include Jacob Rothschild and Rupert Murdoch — will now have exclusive rights to a 153-square mile radius in the southern part of the Golan Heights.

Read more: http://www.businessinsider.com/israel-g ... z38KbSqB4t

Cool.

[elwoodblues]

I keep hearing about all the new jobs, but does anyone know how many are "good" jobs (i.e. pay wages you can actually live on) and how many pay minimum wage or close to it? It seems as though even in Texas many of the jobs I was applying for before I gave up and settled for my current job as a security guard were the latter. I don't think this is Obama's fault, but it seems that lots of middle class jobs were lost during the recession and were replaced with lower paying jobs.

Of course I'm over 50, which means I can't get a good job in Texas, California or anywhere else, but that is another issue.

The Bakken Jobs Boom is not just 24 year-olds working on the rigs. A neighbor of ours (approximately 55YO) is up there driving a shuttle van for Halliburton-hauling employees around.

The managers of the Man Camp where we stayed were about a 60 YO couple from Mississippi. The female is the face of the camp, and was just a fun person to be around. Her husband is a retired peace officer and thus is able to help keep order there-he also does some maintenance.

Every aspect of the area's infrastructure needs help and provides possible opportunities. Local government, hospitals, schools etc. I think there are probably more of these infrastructure type opportunities in ND than in Texas because those entities in the Bakken were so small-prior. Hell, Walmart pays 17 plus an hour.

We are about 500 miles from Williston, but some local road construction companies have contracts there. I have been told that it is the 50plus YO's that are working those projects as the 40 YO's still have kids at home and don't want to work that far from home.

Another guy I know floated through life in various not real good jobs. He is 47 now-about 3 years ao he started working with a frac crew for Halliburton-The first real good money that I am sure he ever made. Not sure if he still works at Halliburton, but the last I heard he was teaching office bound engineers how things actually work in the field.

You are an IT guy(I think). Half the jobs on a drill rig involve sitting at a computer.

The last sentence of my previous post, which people got hung up on instead of my main point about the quality of all those new jobs I keep hearing about, was an expression of my frustration in my own job search in recent years. Age discrimination is very real. Today lots of jobs involve sitting at a computer, and I can't even get any of those.

I am glad the area you describe is booming, but I am married and I don't think my wife would be up for taking off to North Dakota. I think I am going to stay with the job I have now and see what happens with it.