"CRUDE" oil, an absolute must see program !!!

[Frosty]

Mas,-- as Mr Brown said when he was asked where is all the money going to come from by a news reporter when I was in Uk last June . He said with a smile "only governments can do this"

It does'nt matter,- money is only money if the governments say it is.

The Us can easily, without any damage what so ever put a zero at the end of its bank book, you and I cant do that but Governments can.

It balances the books , a new generation comes along ,diversifies and forgets things, move on.

It Has to be written off what else can we do --sell the moon.

200 trillion is impossible, as you say its 3 times the worlds assets so how could it be so.

I would feel safer in travelling these times in Cash than some chunk of metal that can be made worthless if the government says so.

If they are going to steal then it will be on devaluation of gold, and other precious metals.

However face value of a note cant be altered just its value and what government wants that.

[powerabout]

I had a converation with a consultant for Saudi Aramco the other day and he said eery other day one of the wells starts pumping sea water as they have been injecting it for years, so every day down goes production.

The other big problem is no-one know how much oil is pumped worldwide as in many countries half of it is stolen

[masalai]

One cannot devalue gold, that would serve absolutely no purpose, Not enough gold to make any difference... The last time the US gold reserve was audited was in the early 70's or 80's and since then, like the FED - - NO AUDIT so 6000 tonnes of US gold could have disappeared already, and that they refuse to confirm or deny leads one to believe it is gone, and 6000 tonnes would not even cover US money needs for 6 months or less, and that does not consider debts already incurred and other commitments...

The USA will surely "monetise" (devalue) the US$ soon, possibly to half its current value, then another halving or two later on, thereby cancelling out most of their debt overseas, and again, the people holding US$ are screwed again....

[Frosty]

Originally Posted by powerabout

I had a converation with a consultant for Saudi Aramco the other day and he said eery other day one of the wells starts pumping sea water as they have been injecting it for years, so every day down goes production.

The other big problem is no-one know how much oil is pumped worldwide as in many countries half of it is stolen

Oil floats on water, so putting water down the hole brings the level of oil up, easier to get at.

They can quite easily drill horizontal also, now how they do that I dont know. But I suppose you can steal from the other hole next to you

[powerabout]

even better on sea water..the Sg is higher as we all know.

The guys can turn a vertical drill string horizontal in very few pipes..amazing?

But what i meant was the oil is taken away in ships that belong to polititians, princes etc.
Thats why the oil majors wont declare how much oil they pump in any country only global figures.
Poeple think Indonesia is no longer an oil exporter....ha ha ha well the government doesn't export any but...

[wardd]

we're not talking about pools of oil floating on water but pourous rock with the oil and water under high pressure and the behaviour is different under those conditions so it make take an extreamly long time for the oil and water to seperate out

anyway you look at it the days of oil and especially cheap oil are numbered

in the past we've gone from wood to coal to whale oil to oil, its past time we thought about post oil

[masalai]

wardd, nice thought but the experts have dismissed that option as, - - no incentive (US$100/barrel PLUS), - - not enough skilled personnel, - - if a worthwhile prospect was found, - - from a green field, at least 10 years to commissioning, - - assuming all the planning, costing, skilled labour, equipment and other resources were there ready to start... Sorry, NOT GOING TO HAPPEN.... for ANY OPTION... bio fuel is stupid as it uses farmland needed for food crops and the return is less than the input when one considers the "big picture"...

There is no infrastructure to transport and retail, as the old oil lines are near stuffed and the veg oils would clean out the sludge and there would be leaks and bursts all over the place...

[powerabout]

we need a cul to make the oil last longer and reduce global warming.
Hows the price going to be when everyone in India and China are driving a car, then get an AC for the house.
They will as large a consumer of power as Singaporeans are per head which is way higher then anybody else in the world.

[masalai]

The rest of this year will certainly be very interesting... What is your take on economics and business Singapore way? and / or Europe?

[powerabout]

masalai
A good measure is how many expats get sent home, we have only had one family to go from the yacht club so far.
Many expats are negotiating local contracts as they would prefer to stay as life in their home countries no better.
Many are/were living in aprtments that asked for big money in the last 2 years like 7k for a 3 bed etc and 3.5k for a one bed ( great I'm getting some of that) paid for by the companies. They are moving now to cheaper stuff and enjoying the other issues in Singapore that Singapore has to offer.
Very low tax, No tax on foreign income for locals and expats, no death duties, cheap food with plenty of choice any time, just like the girls.
No crime, no vandalism, good supply of organ donors both from slipping off a plaform while the safety rope is around your neck to the locals and foreign workers riding motor bikes being run over by taxis, usually.
The gov here ( hes says i'm in the med at the moment) works very hard to get FDI money and also puts tremendous help into industries that they would like to have in Singapore which has always paid dividends to the country.
There is a bit of structual unemplyment as with most countries but the Government here has several programmes to do self re-training and for companies to send people off to do training.
The ship/rig building game is slowing down as things get completed but the government ( as rich as they are) just start ramping up the projects both large and small. The keep a very good eye on the big picture re power water transport for years to come.
Infrastucture is the tool to grow your country as the west has proven over 100 years and the ups and downs in the world always coincide with a lack of spending on infrastructure.

The Eu.....heading the way of ancient Rome.
They have a pension problem that starts now and will grow for the next 15 years before coming under control.
No power supplies and an expanding population as some quick fix governments have stuffed their countries with people as it gives a quick small boost to your economy and then you suffer.
If you tried to put enough people into the UK to fix the worker / pensioner problem the uk would need to double in size ( of workers ) in the next 15 years....not going to happen.
Here's an example, I have a mate ( Italian)who is a economist / democratist with the world bank. UN emplyees are tax free but must contribute to a pension somewhere. He said "I know of no UN employee that will put their money into Europe". He knows 30% of Italy is now retired and the number goes up for 15 years.....
Infrastructure..our place in Italy got internet 2007 but it stops half way through the town on Lake Garda.
I spent 10 years in the Uk, (out 2006) its had been going down the drain since the early 2000's. a perfect example of bringing people in and printing money for the war. I think the average Brit now owes more money than the average Yank and I know full well who can pull the finger out and pay it back and who has been living in a country going backwards for years.
If the Square Mile didnt exist in the UK ( where I worked ) the Uk would be F*cked. It has the highest per capita crime rate in the world..something they keep quite ( from the Times serialising a study on crime in the uk in 2000 paid for by a uni)
Prisons too small so 1 out of 5 walking the street should be in prison.
4 out of 5 receiveing some kind of handout.
At the current rate of price increases, council tax will pass the basic state pension in several more years. Why because the councils are all bankrupt with their final salary pensions.
In The UK due to privitisations and more private enterprise than the rest of the EU, the pension problem is more in the open and can be measured.
The EU is still measuring pensions liabilty with a average death at 81 ( i think) just up from 75 ( which is the retirerment age now isnt it??)
Know body knows how long baby boomers will live so pension liability is just a guess and will be much more especially with countrys with national health, a double wammy for the bankrupt governments.
I cant wait for the Euro to fall through the floor but the US is also trying to do the same at the moment....It will make my holidays cheaper.
Now that i have moved into the oil business I should be sweet for the future as long as they keep looking for it! Coz we sure as heck burn plenty every day on this boat and the hole they just dug was dry.
Cheers
Powerabout

Just remember Australians own the 3rd largest pension pot on the planet as in total sum of money...makes you realise how sick many other countries are.
They could pay off the US budget deficit and have change. ( I left before I joined that club but my Medicare card runs to 2011 and works in Italy)

[masalai]

You should have received your "payment" Thanks - (check your userCP) a much appreciated report, please post and share whenever the mood arises... or http://www.boatdesign.net/forums/ope...tml#post290870

[wardd]

mas, we better get started

in a way oil is too valuable to be used as a fuel

and just think everyone will need bigger boats to carry enough next generation energy form to make up for the btu content of petrolium

[Boston]

that was the issue with the steam engines
they used to much coal
even using pellets in order for a 60' vessel powered by steam to make 2000 miles takes about 7 tons of pellets
diesel would be half that by weight
the volume is a whole nother story
64 cubic feet pr ton for pellets
about 1/4 that pr ton of diesel
thing is each btu of pellets cost half what a btu of diesel costs
at 3 pr gallon diesel and 225 pr ton pellets
you basically just need 4 times the room to carry em

boats would end up bigger
but fuel would cost less
works if you dont go building out of high embodied energy materials like aluminum and fiberglass
on the safety side you would be hard pressed to cause an explosion in a modern boiler
although a steam line leak could get dam ugly

B

[masalai]

wardd, I should be as near as self-sufficient as I can by mid 2010, and barring a stupid nuclear winter (as per the movie "On The Beach" with Ava Gardner), I will be quite comfortable...

US is as good as extinct... for at least 25 years... - - Just look at the long recovery time for Japan, and their "bust" was quite small compared to USA...

[wardd]

i have 10 acres or more of woods, maybe theres something there i could do

maybe wood gasification