<A national call to arms? The Oil Drum Gas shortages are already happening>

69 comments on Newest (and very informative and very scary) report from an anonymous insider

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billyt on August 31, 2005 - 10:23am Permalink | Subthread | Parent | Comments top
i was not aware that much of GOM production are sour.  can someone confirm that?

in regards to supply cushion, we have none.  the world has none or very little.  so missing 1-1.5 mbd of crude oil is a very big deal and very difficult to make up.  i'd imagine, besides making up for this with the SPR (which is a temporary solution), the US will eventually have to outbid poorer countries for oil - i.e. Sudan?  lol.

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Halfin on August 31, 2005 - 10:39am Permalink | Subthread | Parent | Comments top

i was not aware that much of GOM production are sour.  can someone confirm that?

I found one reference on the EIA web site that discusses the sour oil situation, but it is a Powerpoint presentation. Drowning in Sour Oil, Adapting to a New Crude Quality Dynamic, slide 11 reads "Non-OPEC, GOM crude quality deteriorating". It has a chart labeled "Gulf of Mexico crude quality" showing the "sour share". In 2000 it was about 73%, and in 2005 it has increased to 90%.

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billyt on August 31, 2005 - 10:46am Permalink | Subthread | Parent | Comments top
thx, good to know, the stuff we're losing in the GOM is crappy oil.
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coffee17 on August 31, 2005 - 11:29am Permalink | Subthread | Parent | Comments top
It may be crappy, but I was under the impression that the only "spare" capacity in OPEC is equivalently bad (or worse) heavy sour crude from Saudi Arabia. The world's oil supply in general is only tending downward in API and upward in sulfur content.
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69 comments on Newest (and very informative and very scary) report from an anonymous insider

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