BP must need more money
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This is just a weird koinkidink! I just got back in from changing my fuel filter and read this.
I use BP gas every time I fill up. No wonder I started noticing a slight miss in my engine. Maybe it's from all that corrosion in the lines.
Oh well, it runs better after I changed the fuel filter. I'm going to pour a can of B-12 in the tank tommorrow to clean that junk out.
I use BP gas every time I fill up. No wonder I started noticing a slight miss in my engine. Maybe it's from all that corrosion in the lines.
Oh well, it runs better after I changed the fuel filter. I'm going to pour a can of B-12 in the tank tommorrow to clean that junk out.
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From: NH
Technical oil prices are pretty damn cheap. What are we paying somewhere around $73 a barrel?
In 1852 when they had their first successful rig in America it could produce approx. 30 barrels a day and they sold a barrel of oil for $40 (That’s $700 in today’s dollars). I think we are getting a pretty good deal…
In 1852 when they had their first successful rig in America it could produce approx. 30 barrels a day and they sold a barrel of oil for $40 (That’s $700 in today’s dollars). I think we are getting a pretty good deal…
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Originally Posted by 05RoushMarkLT
Greetings from Prudhoe Bay... 
I've worked on several spills caused by corrosion in the pipes up here, and it is a huge issue. BP dumped 60 million into corrosion inhibitors last year, and planned for 71 million dollars into inhibitors this year. After the big spill in March, and some new testing that was done on the lines, it was determined to shut the fields down, determine what pipe needs to be replaced and replace it as needed. BP isn't making any money on this as it will cost them a good chunk of change to get this fixed, not to mention the 400,000 barrels per day of oil that will not be flowing through the lines. At $70+ a barrel, don't you think they would try and crank through as much as they could? They are doing this to protect their asses, which means protecting the environment because the agencies are on them like white on rice after these recent spills and past problems with corrosion. The lines are a few years past what the lifespan was expected to be, so it is time for them to have an overhaul.
Hopefully the ramafacations won't be too severe at the pump, or in the short term to the oilfield contractors. This is expected to last weeks, maybe even a couple of months, but they aren't going to slouch around, they are getting right on it. Maybe we can get the middle east to bring their production back up to take the pressure off some. They have dropped off roughly 700,000 barrels per day. This BP partial shut down isn't what has slammed the gas prices up to $3.00 a gallon, it is still a result of supply from the middle east coupled with the lack of refinery space in the US. This sure isn't going to help any though.
I've worked on several spills caused by corrosion in the pipes up here, and it is a huge issue. BP dumped 60 million into corrosion inhibitors last year, and planned for 71 million dollars into inhibitors this year. After the big spill in March, and some new testing that was done on the lines, it was determined to shut the fields down, determine what pipe needs to be replaced and replace it as needed. BP isn't making any money on this as it will cost them a good chunk of change to get this fixed, not to mention the 400,000 barrels per day of oil that will not be flowing through the lines. At $70+ a barrel, don't you think they would try and crank through as much as they could? They are doing this to protect their asses, which means protecting the environment because the agencies are on them like white on rice after these recent spills and past problems with corrosion. The lines are a few years past what the lifespan was expected to be, so it is time for them to have an overhaul.
Hopefully the ramafacations won't be too severe at the pump, or in the short term to the oilfield contractors.
This is expected to last weeks, maybe even a couple of months, but they aren't going to slouch around, they are getting right on it. Maybe we can get the middle east to bring their production back up to take the pressure off some. They have dropped off roughly 700,000 barrels per day. This BP partial shut down isn't what has slammed the gas prices up to $3.00 a gallon, it is still a result of supply from the middle east coupled with the lack of refinery space in the US. This sure isn't going to help any though.Excellent info, thanks for the insight!
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From: Burleson, Texas
Originally Posted by lrhogfan
That is a pretty big bucket that you are talking about and it probably affects the U.S. more than it affects other countries.
Does anyone know how much oil is exported from Prudhoe Bay to other countries???
Does anyone know how much oil is exported from Prudhoe Bay to other countries???
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From: south western NYS Latitude: 42.34 N, Longitude: 78.46 W
Originally Posted by 01 XLT Sport
Technical oil prices are pretty damn cheap. What are we paying somewhere around $73 a barrel?
In 1852 when they had their first successful rig in America it could produce approx. 30 barrels a day and they sold a barrel of oil for $40 (That’s $700 in today’s dollars). I think we are getting a pretty good deal…
In 1852 when they had their first successful rig in America it could produce approx. 30 barrels a day and they sold a barrel of oil for $40 (That’s $700 in today’s dollars). I think we are getting a pretty good deal…
Are you one of the sheep or the hearder????
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From: Texas
In 1852 when they had their first successful rig in America it could produce approx. 30 barrels a day and they sold a barrel of oil for $40 (That’s $700 in today’s dollars). I think we are getting a pretty good deal…
the history of the oil industry was on. lol:santa:
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From: NH
Originally Posted by buckdropper
Are you one of the sheep or the hearder????
Originally Posted by Fx4man2004
Did you watch the history channel today??
the history of the oil industry was on.
the history of the oil industry was on.