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47 comments on DrumBeat: June 17, 2006

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Dave Cohen on June 17, 2006 - 3:05pm Permalink | Subthread | Parent | Comments top
Re: "Shell oil shale output stabilizes at 120,000 barrels/day + NG in 2022..."

Sorry, Alan, I can't stop laughing.  

SCENARIO

News release 2017 -- After decades of effort to develop the oil shales of the Western Slope of Colorado, Shell announced today that it will discontinue it's work there due to lack of a profitable return on such production....

And thanks for your kind e-mail yesterday about Thailand.

best, Dave

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Robert Rapier on June 17, 2006 - 5:19pm Permalink | Subthread | Parent | Comments top
News release 2017 -- After decades of effort to develop the oil shales of the Western Slope of Colorado, Shell announced today that it will discontinue it's work there due to lack of a profitable return on such production....

I have got a story on this in the queue. Should be posted today or tomorrow. Your "news release" probably isn't far off the mark, although I don't expect this experiment to last that long.

RR

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AlanfromBigEasy on June 17, 2006 - 5:43pm Permalink | Subthread | Parent | Comments top
You fail to fully understand the "American Way".

SCENARIO

(AP) October 30. 2017

The Shell CEO, Ibriham al-Tikriti, explained before Congress that the shale oil production was too low for the valuable electricity inputed, that $2,120/barrel was just not enough to give an adequate return on capital and that oil taxes of $16/gallon should be waived for any "Renewable American Oil" (TM) or ShellExxonMobilBPChevronTexacoConocoPhillips would have to, reluctantly, sell their electricity on the open market and pump whatever oil continued to seep out during the next year or so before abandoning the project.

The loss of the 120,812 barrels/day would reduce US oil production by 4.8%; oil that the US could scarcely buy elsewhere with it's limited foreign currency reserves "especially after the recent limited wheat harvest".

He pointed out that the other oil company, Aramco North America, has shown no interest in developing a comparable project.

He called questions about his salary and perks "irrelevant" and "pandering".

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Dave Cohen on June 17, 2006 - 7:56pm Permalink | Subthread | Parent | Comments top
Yes, , I've still got a lot to learn. Don't we all?
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47 comments on DrumBeat: June 17, 2006

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