Its going to be an oil bloodbath

[Eyes Wide Open + 3,539]

32 minutes ago, Hiten Shah said:

My Friend India Enjoys 300 days of full sunshine in most parts of it. For rest of days its balanced by Hydropower as those cloudy days of Rains we have Turbines ON. We have 6 Ecological seasons of which only 2 months are cloudy and no sunshine. Also I am part of Green Forest completely covered with trees. Dessert is long long away.

I do understand fighting the good fight, i do understand taking a stand for what believes in. To that point you may want to take the depth of you knowledge and insight to the Indian govt along with the population at large. One can only hope renewable energy can sustain India...and it can sustain itself.

With this crash of Oil... combined with the virus...each country will soon be left to their own devices repairing and healing their own country.Oil money and its wealth has made the world go around for more than 60 yrs...that wealth has disappeared...There may come a time when your thought process on oil may be enlightened..have a read.https://finance.yahoo.com/news/india-increases-fuel-tax-bid-052810841.html

[Tom Kirkman + 8,860]

20 hours ago, Martin S-D said:

Doing the same thing over and over and over, can be called Pratice, so you're right to attemp to get different result as you get better each time you repeat.

Um....  Einstein had a term for that.

[Old-Ruffneck + 1,177]

2 hours ago, Tom Kirkman said:

Um....  Einstein had a term for that.

Something like Insanity 🙂

[Rob Kramer + 696]

19 hours ago, Douglas Buckland said:

Hence Vance & Hines 2-into-1 Competition pipes. You need to hear when to shift when you are going too fast to look down at the tach!

Also good for setting off car alarms early in the morning...

Did an oil change on a porsche suv with a switch for a exhaust bypass.... it was loud! 

[Eyes Wide Open + 3,539]

So many opinions out there...i really like this one...Trumps understanding of the market...

https://oilprice.com/Energy/Energy-General/The-OPEC-Meeting-Could-Send-Oil-Prices-Crashing-Below-10.html

Well let see Trumps shoots for 41 a barrel and Russian breaks out at 40?

If iam Putin that would be a fung yu to Mr president.

 

 

[Douglas Buckland + 6,308]

2 hours ago, Rob Kramer said:

Did an oil change on a porsche suv with a switch for a exhaust bypass.... it was loud! 

Probably should start a new thread, but haven’t had my morning coffee yet.

In the movie ‘American Graffiti’, towards the end of the movie, just before the race, John Milner pulls his ‘32 Ford Coupe into a service station and removes his “header caps”.

I know what an exhaust cut out/bypass is, but why would you have a bypass on a ‘32 Coupe with straight pipes after the collector?

Was it a legal noise thing where you would run headers-collector-cut out-muffler while cruising then remove the cap on the Y-piece before racing so that your exhaust pathway was wide open through both the muffler and the bypass.

Any old California gearheads out there?

The photo below shows NO muffler whatsoever!

 

 

 

[Douglas Buckland + 6,308]

This would be the look on a bike, just straight pipes, no cutout possible.

[BenFranklin'sSpectacles + 762]

On 4/1/2020 at 2:21 PM, Tom Kirkman said:

You might feel more at home on a Greenpeace forum rather than this Oil Price forum.  You will likely have an uphill battle here. 

But please feel free to tilt at windmills all you want on this forum.  I can use the comic relief.

To be fair, his point, however poorly made, is somewhat grounded in reality.  Those who earn their fortunes purely on luck tend to lose them quickly - and those who abuse temporary power fall the hardest.  E.g. the vast majority of lottery winners are broke again within a few years.  It will be the same with oil wealth.  A tiny minority of oil exporters invested wisely and prepared for the future.  When oil money dries up, the remainder will find themselves destitute - and probably much worse off than they started. 

"Karma" may not be the theoretically correct way to describe this effect, but it's a remarkably accurate predictor.  I wouldn't call myself a particularly religious man, but I respect ancient wisdom. 

[Wags + 3]

Seems like most of the dinosaurs here can’t see a future without oil which doesn’t surprise me. Sure you might need oil for plastics or whatever but as an energy source it’s definitely on the out. These oil lovers literally sound like they belong to a cult of oil, I don’t understand why they get so defensive about oil. If it wasn’t for oil corporations in bed with governments , we’d be on much better and faster track to less oil energy dependence, surely most of you dinosaurs believe humans are smart enough to run this planet without using oil. Anyways it’s good thing the younger generation have a much more appreciation for the planet we live in and can fix so many of the terrible problems the dinosaurs have created and left for us to clean up.

[Hassan Abdullahi + 7]

On 4/3/2020 at 3:37 AM, Martin S-D said:

How's that Aramco IPO going?     Told. You. So.

Thats a Good Question, I had to laugh this one out. 

[Rob Kramer + 696]

17 hours ago, Douglas Buckland said:

Probably should start a new thread, but haven’t had my morning coffee yet.

In the movie ‘American Graffiti’, towards the end of the movie, just before the race, John Milner pulls his ‘32 Ford Coupe into a service station and removes his “header caps”.

I know what an exhaust cut out/bypass is, but why would you have a bypass on a ‘32 Coupe with straight pipes after the collector?

Was it a legal noise thing where you would run headers-collector-cut out-muffler while cruising then remove the cap on the Y-piece before racing so that your exhaust pathway was wide open through both the muffler and the bypass.

Any old California gearheads out there?

The photo below shows NO muffler whatsoever!

 

 

 

I have seen a few cars that were street legal dragsters with those that style exhaust at the drag strip. Now it's on a switch . Gotta say the new cars are too cookie cutter. I'd love a modern old car. Personality/shape with modern comfort. 

[Rob Kramer + 696]

1 hour ago, Wags said:

Seems like most of the dinosaurs here can’t see a future without oil which doesn’t surprise me. Sure you might need oil for plastics or whatever but as an energy source it’s definitely on the out. These oil lovers literally sound like they belong to a cult of oil, I don’t understand why they get so defensive about oil. If it wasn’t for oil corporations in bed with governments , we’d be on much better and faster track to less oil energy dependence, surely most of you dinosaurs believe humans are smart enough to run this planet without using oil. Anyways it’s good thing the younger generation have a much more appreciation for the planet we live in and can fix so many of the terrible problems the dinosaurs have created and left for us to clean up.

Do you have a solar hydro or wind system and an electric car? Lol

[cbrasher1 + 272]

5 hours ago, Wags said:

Seems like most of the dinosaurs here can’t see a future without oil which doesn’t surprise me. Sure you might need oil for plastics or whatever but as an energy source it’s definitely on the out. These oil lovers literally sound like they belong to a cult of oil, I don’t understand why they get so defensive about oil. If it wasn’t for oil corporations in bed with governments , we’d be on much better and faster track to less oil energy dependence, surely most of you dinosaurs believe humans are smart enough to run this planet without using oil. Anyways it’s good thing the younger generation have a much more appreciation for the planet we live in and can fix so many of the terrible problems the dinosaurs have created and left for us to clean up.

because for some of us, it's life...and I say that knowing you don't have a clue what I am talking about....that top drive tripping pipe in or out the hole, frac pumps firing up pumping sand downhole, erecting those steel monsters in the air across the skyline, guys you don't know but come to call brothers, working in all kinds of weather conditions, providing a life for your family you see a few weeks out of the year...so yeh, i belong to a cult...of hard working blue collar folks that you couldn't even begin to imagine being a part of something this real

 

[ceo_energemsier + 1,818]

On 4/1/2020 at 1:14 PM, Hiten Shah said:

World is getting rid of crude oil addiction

Pollution free world. in India we call Karma. We pay for your deeds. Those who earned money from pollution will lose their money.

How is your Karma in India? with all the coal fired power plants? dont even have proper sanitation? people using the roadside as their private toilets? One of the most polluted and most polluting country's on the planet!!! How is that caste system working out? ya think karma from that is going to get back @ you folks?  Cant even drink the tap water there, so polluted and contaminated.

Edited April 5, 2020 by ceo_energemsier
spelling

[ceo_energemsier + 1,818]

Given sagging demand, the growing scarcity of oil storage and declining production from financially strapped upstream firms, IHS Markit predicts that up to 10 million barrels per day (bpd) of world oil production will be cut or shut-in until June of this year.

That would equate to nearly 10 percent of total daily global oil output for 2019, based on the U.S. Energy Information Administration’s reported 100.6 million-bpd figure for the year.

“If oil cannot be sold or stored, it cannot be produced,” IHS Markit stated Tuesday in a written statement emailed to Rigzone. “Transportation constraints and lack of access to every available tank will prevent the utmost maximum level of storage capacity being reached.”

IHS Markit also reported that it anticipates oil demand in the second quarter of 2020 to be 16.4 million bpd lower than the year-ago level, with a projected April decline of approximately 20 million bpd. As oil storage facilities near capacity, the supply surplus cannot exceed the practical limit of 1.2 billion barrels of capacity that was available as of early First Quarter 2020, the information services firm pointed out.

To put the estimated 16.4 million-bpd oil second-quarter oil demand decrease year-on-year into perspective, IHS Markit Vice President Aaron Brady noted that it is more than six times greater than the “record drop” that occurred in the first quarter of 2009 during the Great Recession.

“Quite simply, global production has been on a pace to exceed available storage capacity,” remarked Jim Burkhard, IHS Markit’s vice president and head of oil markets. “Something has to give. And it will. Signs point to a forced 10 million barrels per day cut in world oil production.”

When might the volume of forced shut-in oil production begin to abate? IHS Markit’s currently assumes that it will start to ease in approximately the middle of this year. In the meantime, the company predicts that every region worldwide will experience an oil production decline during the second quarter – with OPEC member countries, Russia and the United States among the hardest-hit in terms of volume.

IHS Markit cautioned that its outlook presumes that a discussion will occur among international players to restrain oil output but that no deal will materialize. The firm added that some local or regional governments may still act on their own accord to address production and storage challenges. It cited the production curbs that the Canadian province of Alberta instituted in late-2018 as a potential model for combating low prices and storage constraints.

“If there is no international agreement to curtail oil production then brutal unadulterated market forces will bring the oil market into balance,” stated Burkhard. “The laws of supply and demand are fierce in extreme conditions.”

Following the “extreme, light-speed rebalancing of the oil market” that is underway, significant changes in some countries’ production levels should emerge – particularly next year if oil demand returns to a growth mode, IHS Markit contends. In that scenario, the firm anticipates U.S. crude production will be approximately 8.8 million bpd by the fourth quarter of 2021 – nearly 32 percent lower than the figure for the first quarter of 2020. Also, it foresees a much less dramatic impact to Saudi and Russian output in that time frame. The company stated that, compared to the first quarter of this year, Saudi output should be 1.8 million bpd higher and Russian output “just slightly lower” by the final quarter of 2021.

“Saudi Arabia and Russia are better positioned in a low-price environment to maintain or even increase production over the next two years compared to the United States,” IHS Markit Executive Director Bhushan Bahree explained. “Their systems depend on conventional production, which has much lower decline rates compared to U.S. tight oil. A decline in upstream investment will impact short-term production capacity to a much lesser degree than in the United States.”

[Old-Ruffneck + 1,177]

6 hours ago, Wags said:

Seems like most of the dinosaurs here can’t see a future without oil which doesn’t surprise me. Sure you might need oil for plastics or whatever but as an energy source it’s definitely on the out. These oil lovers literally sound like they belong to a cult of oil, I don’t understand why they get so defensive about oil. If it wasn’t for oil corporations in bed with governments , we’d be on much better and faster track to less oil energy dependence, surely most of you dinosaurs believe humans are smart enough to run this planet without using oil. Anyways it’s good thing the younger generation have a much more appreciation for the planet we live in and can fix so many of the terrible problems the dinosaurs have created and left for us to clean up.

I guess this Dino in my lifetime wont see and end to internal combustion and proud to say that as I twist the throttle on H-D and push the petal on my car to the floor and pollute the atmosphere with rubber vapors hehehe. Wags, your probably in the wrong forum.....

[Douglas Buckland + 6,308]

Us dinosaurs MAY be going extinct...but damn it was fun!

Edited April 5, 2020 by Douglas Buckland
Typo

[Gerry Maddoux + 3,627]

When you think about it, there are very few businesses that the president can actually raise from the dead. Not restaurants, bars, hotels, car and truck dealerships, casinos . . . the list is obvious and almost endless. The largest "disruptors" of yesteryear--Amazon, Microsoft, Apple, Oracle, Netflix--are thriving beyond imagination. Unemployment is going to hit 20%, they say. That's huge. 

President Trump can actually save domestic oil and gas jobs. We are now producing 13M barrels and importing about 7M. This is crunch time: we can either continue to import oil from OPEC and endorse the mad prince's crazy enterprise or we can use our own oil, slap a tariff on Saudi oil, use Canadian oil for our heavy feedstock mix, and . . . . . save domestic oil.

Does it deserve to be saved? We're talking about shale here. It really doesn't matter: hundreds of thousands of American jobs supporting millions of Americans are at stake. Oilfield workers spend. If they're working they're going to be buying groceries, not going to the food bank; they're going to donate (they have big hearts), rather than be donated to (which hurts their pride). This isn't about the idiots who wore $2,000 boots and jawboned private equity out of billions in a dupe; this is about American oilfield workers. 

I'm not one, an oilfield worker, never was one except for a short summer job between high school and college. There I came to appreciate the hard work, family values, camaraderie and spirit of the American oilfield worker. I don't speak the lingo that most of the people do on this forum, but I marvel at their musings and knowledge. I think I understand them--even the ones whose formulations differ from my own.

But I don't think for a minute that Prince Mohammed bin Salmon understands President Trump. I think he believes our president is a hotel man, a reality show producer, a jet plane and yacht enthusiast, a playboy like himself--now all grown up and old. Our president has been all of those things, but there's nothing like a crisis to bring out the fiber in a man, and this is some crisis. I seriously think that President Trump is going to save those hundreds of thousands of oilfield jobs, even if it means shocking the prince. To be honest, I'm not enthralled with shale. But I am enthralled with the American way of life, the indomitable spirit of her workers, and the need to save all the jobs we can.

Edited April 5, 2020 by Gerry Maddoux

[Dan Warnick + 6,100]

On 4/3/2020 at 12:43 PM, BLA said:

Nice goal but unrealistic.  It will be many years.

India's use of coal is very big.

About 54.2%, apparently:

Power Sector at a Glance ALL INDIA

[Dan Warnick + 6,100]

On 4/4/2020 at 9:58 AM, Douglas Buckland said:

This would be the look on a bike, just straight pipes, no cutout possible.

As good of an excuse as any to show off your beast/beauty.  😍

[Douglas Buckland + 6,308]

9 minutes ago, Dan Warnick said:

As good of an excuse as any to show off your beast/beauty.  😍

Yeah...you got me there!😂

[Tom Kirkman + 8,860]

On 4/1/2020 at 2:58 PM, Tom Kirkman said:

How's that Aramco IPO going?     Told. You. So.

Saudi Aramco appoints Mark Weinberger to board of directors

DUBAI (Reuters) - Saudi Aramco has appointed Mark Weinberger to its board of directors as an independent board member, replacing Andrew Gould, the company said in a statement on Sunday.

Weinberger was the global Chairman and CEO of EY (previously known as Ernst & Young) from 2013 to 2019.

He currently serves as a director on the boards of Johnson & Johnson and Metlife as well as being a member on several boards of trustees, including the United States Council for International Business (USCIB).

[El Nikko + 2,145]

On 4/4/2020 at 3:58 AM, Douglas Buckland said:

This would be the look on a bike, just straight pipes, no cutout possible.

Very nice!

I've got a 2001 Range Rover with a 4.6 litre V8 engine, I could kick myself for not having stainless straight pipes fitted when I had to replace the exhaust

The good news is with the falling petrol prices I might be able to afford to drive it again 😂

Edited April 5, 2020 by El Nikko

[Douglas Buckland + 6,308]

25 minutes ago, El Nikko said:

Very nice!

I've got a 2001 Range Rover with a 4.6 litre V8 engine, I could kick myself for not having stainless straight pipes fitted when I had to replace the exhaust

The good news is with the falling petrol prices I might be able to afford to drive it again 😂

You’ll need a cut-out for those straight pipes unless your cops are either VERY understanding...or deaf.😂

[Douglas Buckland + 6,308]

My Vance & Hines pipes are illegal in California, Singapore and a few other places.