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Time Out for O/T – Vol. 15

Abby – those darned facty things, huh?

I was focused on one thing… offshore drilling and imports, but the facts are there do do analysis for other things.

» Posted By PocketWatch On February 23, 2011 @ 2:38 pm

» Posted By PocketWatch On February 23, 2011 @ 2:36 pm

chase – maybe if I pretended to be a Koch brother…

» Posted By PocketWatch On February 23, 2011 @ 2:30 pm

ADONAI – I’m guessin’ military use.

» Posted By PocketWatch On February 23, 2011 @ 2:26 pm

Hey! AH {gag!} could finance the whole thing! Think she would if someone gave her a call?

» Posted By PocketWatch On February 23, 2011 @ 2:23 pm

I saved all my good rants. Ask me about alternative energy… LOL

» Posted By PocketWatch On February 23, 2011 @ 2:15 pm

» Posted By PocketWatch On February 23, 2011 @ 2:14 pm

ADONAI & Abby – That’s all I got.

» Posted By PocketWatch On February 23, 2011 @ 2:08 pm

Petroleum Statistics
http://tonto.eia.doe.gov/energyexplained/index.cfm?page=oil_home#tab2

(2008 data except where noted)

Supply U.S. Petroleum Production (crude oil, NGPL, and other oils) – 6,734,000 barrels/day
U.S. Crude Oil Production – 4,950,000 barrels/day
U.S. Crude Oil Imports – 9,783,000 barrels/day
U.S. Petroleum Product Imports – 3,132,000 barrels/day
U.S. Net Petroleum Imports – 11,114,000 barrels/day

Dependence on Net Petroleum Imports – 57%

Top U.S. Crude Oil Supplier Canada – 1,956,000 barrels/day
Top U.S. Total Petroleum Supplier Canada – 2,493,000 barrels/day
U.S. Crude Oil Imports from OPEC – 5,954,000 barrels/day
U.S. Petroleum Product Imports from OPEC – 540,000 barrels/day
State Ranking of Crude Oil Production Texas – 1,087,000 barrels/day
Top U.S. Producing Companies – BP @ 654,000 barrels/day (2007)
Top U.S. Oil Fields by Production – Prudhoe Bay, AK (2007)
Top Oil Producing Countries & Exporters #1 – Saudi Arabia (10,782,000 barrels/day)
Top Oil Consuming Countries & Importers #1 – United States (19,498,000 barrels/day)
Consumption and Disposition U.S. Petroleum Consumption – 19,498,000 barrels/day
U.S. Motor Gasoline Consumption – 8,989,000 barrels/day (378 million gallons/day)
Share of U.S. Oil Consumption for Transportation – 71%
U.S. Total Petroleum Exports – 1,802,000 barrels/day

—

Refining and Reserves
Number of U.S. Operable Petroleum Refineries – 150
U.S. Refiners Ranked Capacity (1/1/2009) #1 – Baytown, Texas (ExxonMobil) 572,500 barrels/day
Top U.S. Petroleum Refining States #1 – Texas 4,689,179 barrels/day
U.S. Proved Reserves of Crude Oil as of December 31, 2007 – 21.317 million barrels
U.S. Strategic Petroleum Reserve – 702 million barrels (2008)
International Total World Oil Production – 85,472,000 barrels/day
Total World Petroleum Consumption – 85,534,000 barrels/day

Retail Gasoline Price in Selected Countries (2008) (regular unleaded, $/gallon)
Germany – $7.75
Japan – $5.74
Australia – $4.45
Canada – $4.08
United States – $3.27
China – $3.11
Mexico – $2.45

Measures
Gallons of Oil per Barrel – 42
Barrels of Oil per Metric Ton (U.S.) – 7.33

» Posted By PocketWatch On February 23, 2011 @ 2:07 pm

Found some actual facty statistics. Make of them what you will.
Petroleum Statistics
http://tonto.eia.doe.gov/energyexplained/index.cfm?page=oil_home#tab2

Analysis of above statistics:

(NOTE: It is widely reported that offshore drilling accounts for about 30% of US production, about 1.5MM bbls per day)

Domestic crude vs all imported crude – 4.95MM bbls / 9.783MM bbls = 50.6%
Canadian imported crude vs all imported crude – 1.956MM bbls / 9.783MM bbls = 20%
OPEC imported crude vs all imported crude – 5.954MM bbls / 9.783MM bbls = 61%

US Proved Reserves vs US consumption (per day) – 21.317MM bbls / 19.498MM bbls per day = 1.1 day
US Strategic Reserves vs US consumption (per day) – 702MM bbls / 19.498MM bbls per day = 36 days

So, what to make of this?

First, we have maybe a month of crude oil held in strategic and proven reserves.
Half of all the crude we consume is imported, and 61% of that is from OPEC.
15% of our crude consumption (about 3MM bbls per day) is from offshore drilling
29% of our consumption (5.65MM bbls per day) is used for non-transportation needs

I would make the case that if we converted even HALF of our consumption of crude oil to renewable sources of any kind, we eliminate all need for imports and offshore drilling.

» Posted By PocketWatch On February 23, 2011 @ 2:06 pm

Current market costs to the consumer of various forms of energy (in Kilowatt hours):

Coal $0.06
NG $0.06
Nuclear $0.09
Wind $0.10
Solar $0.37
Crude $0.78 (@ $70 / bbl)

It costs only $17.07 (20 year average) to PRODUCE a barrel of oil. This apparently has little to do with the PRICE of a barrel of oil.

Draw your own conclusions. (This information took me a while to compile, but it’s out there. I needed to do a little spreadsheet work to convert a barrel of oil to kwH’s.)

Notes:

– I used kilowatt hours as a common denominator to make a point. A better and more apt comparison would be to use ergs or joules, which are a more scientific and accurate way to measure the potential energy in different substances (For example, 1 kwH = 3.6 million joules; 1 erg = 10 to the minus 7 joules— have fun!).

– 70% of our oil use in this country is for “transportation,” i.e., gasoline and diesel. However, our pump prices do not reflect all the hidden costs of using fossil fuels in this way. The last link below shows that the real cost of gasoline is more on the order of $15 per gallon.

http://www.oil-price.net/
http://www.claverton-energy.com/killer-wind-graphs.html
http://www.eppo.go.th/ref/UNIT-OIL.html
http://www.eia.doe.gov/neic/infosheets/crudeproduction.html
http://www.icta.org/doc/Real%20Price%20of%20Gasoline.pdf

» Posted By PocketWatch On February 23, 2011 @ 2:04 pm

ADONAI –

During the BP disaster, I did a bunch of research and posted a bunch of it on HP {spit!}. Here’s a nugget from that research:

It costs only $17.07 (20 year average) to PRODUCE a barrel of oil. This apparently has little to do with the PRICE of a barrel of oil.

I have the whole rant if anyone wants to see it.

» Posted By PocketWatch On February 23, 2011 @ 1:55 pm

jkkFL –

Just for you…

[img]https://planetpov.com/wp-content/uploads/2011/02/Escape.jpg[/img]

The little old lady downstairs is nice to Maggie, so this is one of her stops on our walks. She’s adept at slinking in and out of these patio fences.

» Posted By PocketWatch On February 23, 2011 @ 1:48 pm

fox – Saw Walker on TV a while ago… he said “I talk to all kinds of people on the phone…” “Don’t want this to be a distraction…”

Not denying it was him.

CNN has no clue… they are just floating it away like it’s no biggie.

» Posted By PocketWatch On February 23, 2011 @ 1:34 pm

jkk –
http://rt.com/on-air/rt-america-air/

» Posted By PocketWatch On February 23, 2011 @ 1:26 pm

fox – I hear Texas is a real fertile place to troll… LOL!

» Posted By PocketWatch On February 23, 2011 @ 12:09 pm

Cher – There’s a certain amount of satisfaction in slapping people around and zinging others with one-liners. Ya gotta be quick on yer feet, so to speak, and to do it well is a talent. I know… been there, done that.

Here, writing is a whole different talent, as it should be.

» Posted By PocketWatch On February 23, 2011 @ 12:01 pm

fox – I ran into TypoKnig over there in my ‘YeOldePhartt’ persona a few minutes ago and told him to get his butt over here. I see that he has an account here (Member’s Directory). I told him I was ‘PWatch’ and he fanned me, so I know he knew what I meant. I’d love to ssee him over here from time to time.

He was happily jousting with the trolls, as usual, on the DOMA story.

» Posted By PocketWatch On February 23, 2011 @ 11:56 am

fox – I went to that web site and it seems to be a lot about Russia… not that I mind. Anyone that runs TH is OK by me, but I was curious about it. I wonder if it is a Russian station/network thingy… Definitely going to watch TH as much as possible at 8PM every night. You may want to marry him, but I consider him my bro!

» Posted By PocketWatch On February 23, 2011 @ 11:01 am

fox – LOL Maybe Philly cheesesteaks for the Indiana boys?

They’ll all be on expense account, and don’t forget the staff guys and gals… they can sleep on the floor.

Call it “The Fox’s Den”… 💡

» Posted By PocketWatch On February 23, 2011 @ 10:57 am

Sabreen – just saw it on CNN 5 min ago.

» Posted By PocketWatch On February 23, 2011 @ 10:43 am

Artist – My thinking is that we all will be surprised when the time comes. As far as the conventional notion of “heaven” is concerned, sounds really boring to me. An eternity of worshipping a god that wants everyone to worship him? Sounds like SOMEONE has a bit of an insecurity issue to me!

» Posted By PocketWatch On February 23, 2011 @ 10:05 am

*** BREAKING NEWS ***

CNN – Indiana Dems hit the road, emulating WI state senators to avoid a vote. Details to follow, no doubt.

*** EDIT ***
http://slatest.slate.com/id/2286020/

Indiana Democrats Ditch Capital To Avoid Vote on Anti-Union Bill

Illinois isn’t usually much of a tourist destination in February, but this year, the out-of-towners just keep on coming. The Indianapolis Star reports that Indiana’s Democratic House members have hit the road and headed for Illinois and Kentucky to block a vote on anti-union legislation being pushed by House Republicans. When House Speaker Brian Bosma tried to open the session today, only two of the House’s 40 Democrats were present, and the chamber was nine members short of quorum. The speaker pronounced himself “flummoxed” and adjourned until noon. Thousands of workers turned up at the Indiana capitol on Monday to resist a bill that would have gutted union power. On Tuesday, it will be Ohio’s turn—union leaders say upward of 5,000 protesters plan to swarm the state house, where Republican Gov. John Kasich is pushing a Republican-backed bill that would restrict state workers’ bargaining rights.

» Posted By PocketWatch On February 23, 2011 @ 10:03 am

Maybe the ALL POWERFUL is too busy chatting up all those preachers that claim to hear Him.

Hard to say. I know Pat Robertson takes up a TON of His time.

» Posted By PocketWatch On February 23, 2011 @ 9:55 am

dey – I threaten mine with sale to “the pig farm” (a threat we used to use on my little brother when he was about 4 to make him cry… we were also a heartless crew), but she yawns and walks away!

» Posted By PocketWatch On February 23, 2011 @ 9:46 am

dey – get those lazy-assed cats out working for you… damned freeloaders!

» Posted By PocketWatch On February 23, 2011 @ 9:42 am

dey – damned skippy!

Isn’t there a rule or something about when you are supposed to wear white? We need Fox News on this right now!

» Posted By PocketWatch On February 23, 2011 @ 9:40 am

fox – Methinks thou protesteth too much!

» Posted By PocketWatch On February 23, 2011 @ 9:38 am

jdm – Hell, the per capital firearm ownership in parts of WI is probably 3:1… we had a whole closet full of deer rifles and shotguns for the four of us – my dad and three boys. Might sound like a lot to some people, but my grandad’s guns were there, and a couple of deceased uncles’ firearms as well. A deer rifle apiece and a shotgun apiece for birds and rabbits, plus a couple of “extras” from relatives… adds up quick.

And we were not “gun nuts” but just a family that hunted. And everyone I knew was the same way.

» Posted By PocketWatch On February 23, 2011 @ 9:28 am

boomer – God, I loathe that man!

» Posted By PocketWatch On February 23, 2011 @ 8:40 am