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

Seems to be in a very significant position with no chance of a takeover (privately owned) and holding a key trading interface...

extract from their website....
"... Company Overview
Glencore International AG is one of the world's largest suppliers of a wide range of commodities and raw materials to industrial consumers. Our commercial counterparts are both producers and industrial consumers. Our role is to be a reliable and competitive partner to businesses in the segments of the market which we serve and to support these businesses as they expand and develop.

Our customers around the world, in industries such as automotive, power generation, steel production and food processing, rely upon our established global network of operations as a source of Metals and Minerals, Crude Oil and Oil Products, Coal and Agricultural Products.

These commodities originate either from Glencore's directly or indirectly owned production assets, or are secured by Glencore from third parties, or they benefit from the refining, processing or marketing expertise of Glencore.

Glencore is a privately held company owned by its management and employees. Headquartered in Baar, Switzerland, in our marketing operations Glencore directly or indirectly employs over 2,000 people worldwide in some 50 offices in over 40 countries. In our industrial operations Glencore directly or indirectly employs over 60,000 people in 19 plants in 12 countries.
..."

 

Ive always thought old Boone was a pretty sharp tack as well
but he seems to be bucking the hole
we want to save our oil till last mentality which seems to be the only explanation for any foreign oil imports
let alone the alternative energy issue

I do with him the best though
its thinkin like that will make a difference
B

 

Using LNG is not new for vehicles here - - (most Ford 6cyl petrol type engine conversion) taxis use it and many (diesel cycle) buses in Brisbane anyway - Volvo based "green" buses.... would not be too difficult for major haulage vehicles (except for remote refuelling stops), but domestic cars reduce boot space (which is almost never used anyway?)...?

Forklifts used inside warehouses are either electric or LNG powered for Occupational Health & Safety (OHS) reasons... almost all of the Western Australian electricity generation is by LNG...

Most of the rest of Australian electrical energy is derived from coal fired systems and the news media and idiot greenies still target the cooling towers which belch water vapour and look impressive.... meanwhile the "smoke stacks" just emit clear oxidised carbon molecules, and do not attract any attention apart from a "broader picture" TV camera pan of the skyline showing a couple of tall cylinders with "heat haze" emitted, as most of the other visible pollutants have been scrubbed out....

There are idiots and there are the mindless dolts who answer the call of lunacy and know not the relevant facts hehehe....

 

I think we are about to enter the end of oil as we know it game. I didnt think that I would see it in my lifetime.

The western world is concentrating on alternative fuels ,--all be it not hard enough,-- yet they are.

The Arabs who desperately need to sell us this stuff or they meet instant bankruptcy would like us to keep buying it.

So--what with Co2 thrown in as well it seems the slow process of closing oil is here.

The Arabs have said that they want it to be 60-- 70, and we dont want to give them anything.

So the Arabs will slow production by OPECS ability to control the price of the oil and therefore directly control our enthusiasm to invest in alternative fuels.

As Obama said now now is the time to do this.

Millions of dollars a day flow into the East, I wonder how much of that huge ammount goes or leaks into terrorism, we could be funding our own problems.

I want to see a real good push on alternative fuels and see the balance of wealth more worldly balanced.

The thing is I have not seen an alternative fuel car, hybrid or what ever, unless they glide past me silently in the street without me noticing.

 

Frosty, for the tropics where coconuts grow you are already there but it will only be sufficient for local use as it will never produce sufficient for the "western world" set up a little coconut oil extracting business and offer that service to the local growers - they bring the unopened coconuts to your facility, the husk is removed (has lots of uses) then the shell is broken and the water and meat removed and collected - this is all passed through a hammer mill to fairly finely pulverise it all... (the shells are converted to activated charcoal - fairly high value product for filtration processes) the pulverised watery mix is cold pressed to extract the oil (used for food grade processes) and the watery part is separated for other food/drink/cooking uses, and the meat is then passed through another expelling process, finely filtered and is your new diesel fuel and sump oil (it solidifies at temperatures below 24 deg Celsius) but in the tropics is perfectly usable as is (filtered to 2 to 5 microns - I prefer 2 microns or finer).... the residue (copra meal) is a good pig and poultry feed stock needing only a few additional vitamins etc., for a balanced livestock food product...

so you end up with 6 marketable products - some of which may be further value added - - Coir (from the husk), - activated charcoal (from the shells), - coconut water/milk (a by-product from the extraction processes), - virgin cold pressed coconut oil for food and medicinal uses, - CNO as CI engine fuel & sump oil lubricant, - and copra meal as a livestock food base....

 

Its not slow... go find that video about oil and maths and try to get your head around it. Its called the dynamics of depleting resources, in a nut shell it typically takes 90% of the time to use the first 50% of the resource and 10% to use the next 50%. Why? Because growth compounds... Do we get to use all the remaining 50%... no of course not, shortage happens from the 50% resource depletion point onward. We are there now... from here on in there is probably no more that 10 to 15 years of usable oil left... being generous. We need practical scalable alternate energy technology that offers a multiple potential of oil NOW and even thats a little late for smooth practical implementation... or we need to stop growing. The next great investment rush will be energy in all its forms.

 

10/ 15 years of usable oil left? That assumes that the rate of consumption stays stable and it is not is it?, thats the conversation.

Is that all we are arguing about the interpretation of slow?

As long as the world does not go to sleep again and say oh oil is cheap again. Thats what has happened here, the bloody traffic is horrendous and travel is difficult because of it. It was ok when oil was 150.

Mas mas we have coconut plantation ALL over the place with trained monkeys that goes up the trees and pull your nuts off for you. Boy can those guys pull nuts.

They even have little seats on the workers truck at the back.

When they are going home and the wind is in thier faces the look on the humans and monkies faces is the same. It makes me laugh.

South Thailand is ALL nut plantations and palm oil stretching right down to Malaysia and down to Singapore. Kuala Lumpur airport is surrounded by palms.

have a look at the packet of smokey bacon crisps you are eating,!! what was it cooked in.

 

Dont mix palm oil with coconut oil the two are different - coconut oil is multi use and what do the locals do to process it - do they just make copra and ship that offshore to europe and elsewhere? or make the coconut oil nearby -

Palm oil is extracted on the plantation and the fruit is smaller - in densly packed bunches - and the oil is extracted from the husk part....

 

Not so much its more the rate of depletion that counts now and the demand destruction argument is a US centric one... China is still growing fast and they talk about a slowing rate of growth in consumption when they talk demand destruction in the US... but its still growth in consumption. All the while we are depleting at around 9%.

Anyway you turn it lowering consumption will only move the time line minimally unless you literally cut it in half and even then its not a dramatic change in the scheme of things.

 

You don't say?

 

I didn't you did?

 

Meanz, Is there anything happening in the global markets? - I am travelling and figured that most of the poker players would be vacationing and other stuff till about 16 JAN 09....?

The US and many other markets seem out of touch and floundering in the dark so I hope I will be missing nothing special whilst harvesting some nice samples in Adelaide hills...

 

Hello SIRs in the US, it was not my plan, to find your discussion about CRUDE and RENEWABLES, but I am glad to have a view in to your minds.
OWE WORLD with ONE STORAGE of fossile Energy is not able, to serve endless for all following generations.
Therefore, I was supporting the WINDPOWER as a part of the RENEWABLES since I was working as an engeneer, empoyed at a Shipyard from 1966 to 1997.
Wind ashore for electricpower from Mills like ENERCON.de or VESTAS or GE...
and wind offshore for ships like www.symaltesefalcon.com.
Make the best of it for your future in the US, we will do it hopefully in the EU, see : www.wind-energie.de and www.windships.de.
Yours Heinz Otto

 

I'm seeing it here in New England, too. I even heard a car salesman on TV saying that people are again looking at SUVs instead of hybrids. Man, goldfish have longer memories than some of my friends and neighbors.

 

collapse of the automobile market in USA

http://www.wimp.com/totalcollapse/