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I need help with Vehicle numbers
1 month 2 weeks ago - 1 month 2 weeks ago #261586
by Lang
Replied by Lang on topic I need help with Vehicle numbers
I have an Australian mate in Cisco Texas where I have restored a couple of old military vehicles. Cisco is about the size of Corowa between Abilene and Dallas.
I got talking to Dan Wilks who with his brother Faris were the people who got fracking off the ground. They patented enough to keep opposition almost entirely away. He used to buy Mack trucks 50 at a time and have them converted into compressor, fluid injection teams and rent them out (nobody could buy them). As well as hire he got a cut of any oil. They opened up thousands of dry wells all over the world. The brothers sold the business in 2011 for 3.5 Billion dollars. In the USA of course you own what is under your property and around this area are thousands of rocking horse pump shallow wells that ran out 5 or 10 years after drilling from the 1920's onward. The Wilks would frack your well for two million dollars, often in a couple of days, and many of the fracked dry wells repaid the money in 6 months. Investors funded the farmers and obviously took a big share.
Anyhow these guys know as much about oil as anyone on the face of the earth and he was absolutely fascinating. He reckons there is enough oil for 500 years at the current rate. There are apparently huge reserves (including Australia) just shut up waiting while the easy shallow stuff is harvested first. Supply and demand will dictate when and where deep reserves begin to be harvested. He says this will occur in current oil fields where the infrastructure is established to offset the cost of deep drilling.
Venezuela alone has 47,700,000,000,000 litres of proven reserves (enough to keep Australia going for 1,500 years).
Discovery of new reserves is progressing at an ever increasing rate and new reserves (no matter how difficult to recover at the moment) are certainly extending doomsday far into the future.
Below is a graph of the gas reserves - quite arguably much more important than oil which has all sorts of replacement options being developed. Most people think of gas as cooking their steaks on the barbecue or firing up power stations as an energy source. Of course gas is the main precursor to plastics and synthetics without which the world would stop instantly. This graph ends in 2015 but the current line just keeps extending to today as more and more reserves are found. Oil discovery graphs are somewhat similar.
If you had a square gas bottle holding just one trillion cubic metres it would be 10 kilometres high, wide and deep. If you stuck all 2015 reserves (remember we have much more now) into giant box the bottom would extend from Brisbane to Adelaide and the international space station would hit the side only one fifth of the way up.
I have not worked out the bucket size to hold all the oil but the Mediterranean is looking good.
Bottom line - It is not going to run out in our lifetime or any of our descendants who may distantly be aware of our names. As the song says "Why worry, be Happy"
I got talking to Dan Wilks who with his brother Faris were the people who got fracking off the ground. They patented enough to keep opposition almost entirely away. He used to buy Mack trucks 50 at a time and have them converted into compressor, fluid injection teams and rent them out (nobody could buy them). As well as hire he got a cut of any oil. They opened up thousands of dry wells all over the world. The brothers sold the business in 2011 for 3.5 Billion dollars. In the USA of course you own what is under your property and around this area are thousands of rocking horse pump shallow wells that ran out 5 or 10 years after drilling from the 1920's onward. The Wilks would frack your well for two million dollars, often in a couple of days, and many of the fracked dry wells repaid the money in 6 months. Investors funded the farmers and obviously took a big share.
Anyhow these guys know as much about oil as anyone on the face of the earth and he was absolutely fascinating. He reckons there is enough oil for 500 years at the current rate. There are apparently huge reserves (including Australia) just shut up waiting while the easy shallow stuff is harvested first. Supply and demand will dictate when and where deep reserves begin to be harvested. He says this will occur in current oil fields where the infrastructure is established to offset the cost of deep drilling.
Venezuela alone has 47,700,000,000,000 litres of proven reserves (enough to keep Australia going for 1,500 years).
Discovery of new reserves is progressing at an ever increasing rate and new reserves (no matter how difficult to recover at the moment) are certainly extending doomsday far into the future.
Below is a graph of the gas reserves - quite arguably much more important than oil which has all sorts of replacement options being developed. Most people think of gas as cooking their steaks on the barbecue or firing up power stations as an energy source. Of course gas is the main precursor to plastics and synthetics without which the world would stop instantly. This graph ends in 2015 but the current line just keeps extending to today as more and more reserves are found. Oil discovery graphs are somewhat similar.
If you had a square gas bottle holding just one trillion cubic metres it would be 10 kilometres high, wide and deep. If you stuck all 2015 reserves (remember we have much more now) into giant box the bottom would extend from Brisbane to Adelaide and the international space station would hit the side only one fifth of the way up.
I have not worked out the bucket size to hold all the oil but the Mediterranean is looking good.
Bottom line - It is not going to run out in our lifetime or any of our descendants who may distantly be aware of our names. As the song says "Why worry, be Happy"
Last edit: 1 month 2 weeks ago by Lang.
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