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  1. #76
    Thailand Expat OhOh's Avatar
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    Quote Originally Posted by Boon Mee
    Did he take into account the Canadian Oil Sands?
    The cost of these sands in terms of energy produced/energy consumed to produce is less than 50% - 3 barrels v 2 barrels.

    The water required and it's disposal is an additional cost/disaster waiting to be paid for.

    What are the production costs for your Brazilian/West African wells?
    A tray full of GOLD is not worth a moment in time.

  2. #77
    Thailand Expat OhOh's Avatar
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    Quote Originally Posted by 9999
    I bought up a chunk of rural land in Australia
    Plenty of water available?

  3. #78
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    Is that a comedy cover done in Photoshop?

  4. #79
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    Quote Originally Posted by OhOh View Post
    Quote Originally Posted by 9999
    I bought up a chunk of rural land in Australia
    Plenty of water available?
    Yes. Plenty. It's not desert land.

  5. #80
    Thailand Expat OhOh's Avatar
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    Quote Originally Posted by 9999 View Post
    Quote Originally Posted by OhOh View Post
    Quote Originally Posted by 9999
    I bought up a chunk of rural land in Australia
    Plenty of water available?
    Yes. Plenty. It's not desert land.
    Natural springs, abstraction rights or protected river extraction?

  6. #81
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    9999's Avatar
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    ^ oh oh an expert. It's not possible to have a reliable water source on rural land in Australia. The whole place is bone dry. Guess I'll die of thirst then.

  7. #82
    Thailand Expat OhOh's Avatar
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    Quote Originally Posted by 9999
    Guess I'll die of thirst then
    Just thinking it may have been a reason for it's low price

  8. #83
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    Nah, I bought it from family. THey became dysfunctional and I saw the awesome land the gamps had, where I grew up, and wanted to snap it up before it got sold and the proceeds sliced up. I got about 60% the market price at the time. I could sel now and easily double, but the sell price is still a good buy for me. It's in fertile land just west of the great dividing range peak in SE NSW. Great native mushie country ;P

    the creek running straight through the place has never dried up in my life but slowed to a trickle in the worst drought. Lately, flooding has been the issue. I lost a few cows this year and had others pulled out of te mud at decent expense. 2011 will be a small loser (on cattle) due to excessive water.

  9. #84
    Thailand Expat Boon Mee's Avatar
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    Quote Originally Posted by OhOh View Post
    What are the production costs for your Brazilian/West African wells?
    W. Africa - especially Nigeria is lower than Brazil although I do not have the figures before me. Take a look a look here as the costs are matter of public record.

  10. #85
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    Quote Originally Posted by Boon Mee
    Take a look a look here as the costs are matter of public record.
    a long list of websites. Meaningless. Put up a credible direct link or STFU
    So much for your global expertise. You seem to know less about this than you do about politics and economics.

  11. #86
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    Quote Originally Posted by chassamui
    You seem to know less about this than you do about politics and economics.
    Surely that's not possible?

  12. #87
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    Agreed. Frustrating all the same.

  13. #88
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    ^They don't call people like BM "Know Nothings" for nothing.

  14. #89
    Thailand Expat Boon Mee's Avatar
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    ^&^^

    Sure got a load of whiney little biatches aboard here. You want specific production costs - look 'em up yerself. Google is yer friend. Have a nice day!

  15. #90
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    ^See what I mean?

  16. #91
    Thailand Expat Boon Mee's Avatar
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    Quote Originally Posted by robuzo View Post
    ^See what I mean?
    Yes we see...another lazy, entitlement whore.

  17. #92
    Thailand Expat Boon Mee's Avatar
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    Quote Originally Posted by chassamui View Post
    Agreed. Frustrating all the same.
    Oh, poor widdow frustrated baby!

    North Dakota Produced 488068 barrels of oil per day in October, 2011 for another record high.

  18. #93
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    Quote Originally Posted by Boon Mee
    Sure got a load of whiney little biatches aboard here. You want specific production costs - look 'em up yerself. Google is yer friend. Have a nice day!
    You were asked to provide links to support your ridiculous assertions. You failed. How does that become our responsibilty to rubber stamp your stupidity?

    Quote Originally Posted by Boon Mee
    North Dakota Produced 488068 barrels of oil per day in October, 2011 for another record high.
    Which part of your increasingly bizarre agenda does this relate to, support, or otherwise link?
    In short, for your limited synaptic activity. What the fuck does it prove?
    Heart of Gold and a Knob of butter.

  19. #94
    Thailand Expat Boon Mee's Avatar
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    ^
    You wanted a link to substantiate the sky isn't falling and you got it. Fossil Fuel is here to stay dude & whether that suits your agenda - suck it.

  20. #95
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    Quote Originally Posted by Boon Mee
    You wanted a link to substantiate the sky isn't falling
    Incorrect. You were asked for a specific link to energy costs. You failed.

    Be careful what you say because your god will punish you for telling lies. Now go back to your comics and see if you can avoid dribbling again.

  21. #96
    Thailand Expat OhOh's Avatar
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    Quote Originally Posted by Boon Mee
    Hardly, but know the logs from the last wells we've brought in and they paint a rosy picture of reserves off Brazil, W. Africa etc.
    The above implies a certain intimate knowledge of the financing/exploration world. To link to a general industry site does not look good IMHO.

  22. #97
    Thailand Expat Boon Mee's Avatar
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    ^
    Proprietary information on the logs.

    Interested in making an investment, pull up Petrobras, Chevron, BP etc.
    The old rate of 8 out of 10 deepwater wells being dryholes has been reduced of late to 6 out of 10 due to advanced technology.


  23. #98
    Thailand Expat Boon Mee's Avatar
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    CHANGE: U.S. Shale Oil Seen Rising Fast. “The National Petroleum Council recently forecast that some 3 million barrels per day of shale oil could be produced in North America by 2035 if regulations were favorable to the industry. The shale oil surge in Bakken, North Dakota and other areas of the country are estimated to be about five years behind the natural gas shale boom. Rapid advancements in hydraulic fracturing, or fracking, and directional drilling have boosted output of both fuels. . . . The surge could threaten Saudi Arabia’s dominant role in world oil markets, and it also eases the urgency to develop the kingdom’s own reserves, its state energy company said last month. The US Energy Information Administration on Tuesday raised its forecast for 2012 liquid fuel output by 37% on faster growth from shale oil. . . . There are also 14 or 16 other shale oil fields in North America that are in the early stages of development.”
    A Deplorable Bitter Clinger

  24. #99
    I'm in Jail
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    Boon, you need to read JR chapter on Oil, all those new discovery you are mentioning are addressed

    his conclusions are the same, we have reached peak oil and now it's going to be very expensive to extract. If price of oil goes down because of lower demand, extracting that expensive oil will not make any sense. The energy crisis is going to be very real in a few years, we haven't faced it yet. Why do you think Obama and friends are attacking those oil rich nations ?

  25. #100
    Thailand Expat Boon Mee's Avatar
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    Quote Originally Posted by Butterfly View Post
    Boon, you need to read JR chapter on Oil, all those new discovery you are mentioning are addressed

    his conclusions are the same, we have reached peak oil and now it's going to be very expensive to extract. If price of oil goes down because of lower demand, extracting that expensive oil will not make any sense. The energy crisis is going to be very real in a few years, we haven't faced it yet. Why do you think Obama and friends are attacking those oil rich nations ?
    Well, perhaps that's why I'm bullish on the energy sector right now. Buy while it's relatively cheap.

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