Oil Drilling Good Quotes

I recognized the emphasis on “grit” as a final throwing up of hands. Kids too young to speak would be held responsible for their own problems. It didn’t matter how they were wronged, or how preventable the harm; their job was to contain the damage, making the blast zone smaller by absorbing all the impact. When flagrant affronts drew the ire of society—like migrant children separated from their families and detained in tent cities, oil fields, and a converted Walmart—I found myself numb. Maybe it’s for the better, I thought. Maybe the adversity will make them stronger. The doctrine of “anything bad can be alchemized into something good” had been so drilled into me that it seemed to apply even in this extreme situation. I was horrified by the logic I’d internalized. The whole song and dance of resilience chipped away at my humanity. It required a profound lack of empathy. It erased any pain, no matter how great, as long as it resulted in productivity.

couldn’t they join a good fight? The coastal land of Louisiana had long been slowly sinking into the Gulf of Mexico. The state’s coast provides 40 percent of the nation’s wetlands, and its commercial fisheries provide a quarter to a third of the nation’s seafood. Experts agree that a major cause of the land’s subsidence is the extraction of oil and saltwater intrusion. Over the years, oil companies have dredged hundreds of canals and laid down pipeline through which oil drilled in the Gulf has been piped inland. Saltwater seeps in along the canals, killing grasses that once provided protection against Louisiana’s frequent tropical storms. Since 1930, the state had already lost an area equal to the size of Delaware—an average football field every hour.

Andrew Hall may be positioning himself now for the next coming boom cycle, but the market will need more than the predictions of some good traders to turn around. One thing that absolutely must happen is a real and measurable leveling off of production here in the U.S. Early in the bust phase for shale, with crude prices, budgets, and rig counts collapsing, I was of the opinion that indeed, production cuts would come a whole lot sooner than either the EIA or most of the bank analysts believed was possible. But I’ve been impressed by the free flow of capital that has come in to the markets looking to ‘save’ shale oil companies from their excesses, and slowing what I thought would be a violent progression of bond defaults and outright bankruptcies. In a recent note on the state of E+P, Morgan Stanley also noted the trend, when one of its analysts, Evan Calio, wrote: “Secondary offerings have been positively received by investors as a means to shore up balance sheets and pre-fund drilling programs in light of falling crude prices. Secondary offerings remain a logical way to delever [a financial term meaning to reduce debt], but also has the potential to extend the trough rather than hasten its arrival.” (emphasis mine). In other words, there is too much money still chasing oil for a quick weeding out of the weaklings. We might see a longer period of ‘survivability’ before the real wall hits.

When should you drill for oil? Fissures deep in the ground form randomly, like pores in the gas mask. Below the percolation threshold for those fissures, your drill will likely hit a small, disconnected cluster of trapped oil. Bad investment. Above the percolation threshold, your drill is likely to pierce one giant, connected reservoir of oil. Good investment.

What we cannot do, under any circumstances, is precisely what the fossil fuel industry is determined to do and what your government is so intent on helping them do: dig new coal mines, open new fracking fields, and sink new offshore drilling rigs. All that needs to stay in the ground. What we must do instead is clear: carefully wind down existing fossil fuel projects, at the same time as we rapidly ramp up renewables until we get global emissions down to zero globally by mid-century. The good news is that we can do it with existing technologies. The good news is that we can create millions of well-paying jobs around the world in the shift to a postcarbon economy - in renewables, in public transit, in efficiency, in retrofits, in cleaning up polluted land and water.

Daniel and the Pelican As I drove home from work one afternoon, the cars ahead of me were swerving to miss something not often seen in the middle of a six-lane highway: a great big pelican. After an eighteen-wheeler nearly ran him over, it was clear the pelican wasn’t planning to move any time soon. And if he didn’t, the remainder of his life could be clocked with an egg timer. I parked my car and slowly approached him. The bird wasn’t the least bit afraid of me, and the drivers who honked their horns and yelled at us as they sped by didn’t impress him either. Stomping my feet, I waved my arms and shouted to get him into the lake next to the road, all the while trying to direct traffic. “C’mon beat it, Big Guy, before you get hurt!” After a brief pause, he cooperatively waddled to the curb and slid down to the water’s edge. Problem solved. Or so I thought. The minute I walked away he was back on the road, resulting in another round of honking, squealing tires and smoking brakes. So I tried again. “Shoo, for crying out loud!” The bird blinked, first one eye then the other, and with a little sigh placated me by returning to the lake. Of course when I started for my car it was instant replay. After two more unsuccessful attempts, I was at my wits’ end. Cell phones were practically non-existent back then, and the nearest pay phone was about a mile away. I wasn’t about to abandon the hapless creature and run for help. He probably wouldn’t be alive when I returned. So there we stood, on the curb, like a couple of folks waiting at a bus stop. While he nonchalantly preened his feathers, I prayed for a miracle. Suddenly a shiny red pickup truck pulled up, and a man hopped out. “Would you like a hand?” I’m seldom at a loss for words, but one look at the very tall newcomer rendered me tongue-tied and unable to do anything but nod. He was the most striking man I’d ever seen--smoky black hair, muscular with tanned skin, and a tender smile flanked by dimples deep enough to drill for oil. His eyes were hypnotic, crystal clear and Caribbean blue. He was almost too beautiful to be real. The embroidered name on his denim work shirt said “Daniel.” “I’m on my way out to the Seabird Sanctuary, and I’d be glad to take him with me. I have a big cage in the back of my truck,” the man offered. Oh my goodness. “Do you volunteer at the Sanctuary?” I croaked, struggling to regain my powers of speech. “Yes, every now and then.” In my wildest dreams, I couldn’t have imagined a more perfect solution to my dilemma. The bird was going to be saved by a knowledgeable expert with movie star looks, who happened to have a pelican-sized cage with him and was on his way to the Seabird Sanctuary.

Daniel and the Pelican So there we stood, on the curb, like a couple of folks waiting at a bus stop. While he nonchalantly preened his feathers, I prayed for a miracle. Suddenly a shiny red pickup truck pulled up, and a man hopped out. “Would you like a hand?” I’m seldom at a loss for words, but one look at the very tall newcomer rendered me tongue-tied and unable to do anything but nod. He was the most striking man I’d ever seen--smoky black hair, muscular with tanned skin, and a tender smile flanked by dimples deep enough to drill for oil. His eyes were hypnotic, crystal clear and Caribbean blue. He was almost too beautiful to be real. The embroidered name on his denim work shirt said “Daniel.” “I’m on my way out to the Seabird Sanctuary, and I’d be glad to take him with me. I have a big cage in the back of my truck,” the man offered. Oh my goodness. “Do you volunteer at the Sanctuary?” I croaked, struggling to regain my powers of speech. “Yes, every now and then.” In my wildest dreams, I couldn’t have imagined a more perfect solution to my dilemma. The bird was going to be saved by a knowledgeable expert with movie star looks, who happened to have a pelican-sized cage with him and was on his way to the Seabird Sanctuary. As I watched Daniel prepare for his passenger, I couldn’t shake the feeling that I knew him from somewhere. “Have we ever met before?” I asked. “No I don’t think so,” was his reply, smiling again with warmth that would melt glaciers. I held my breath as the man crept toward the pelican. Their eyes met, and the bird meekly allowed Daniel to drape a towel over his face and place him in the cage. There was no struggle, no flapping wings and not one peep of protest--just calm. “Yes!” I shrieked with excitement when the door was latched. What had seemed a no-win situation was no longer hopeless. The pelican was finally safe. Before they drove away, I thanked my fellow rescuer for his help. “It was my pleasure, Michelle.” And he was gone. Wait a minute. How did he know my name? We didn’t introduce ourselves. I only knew his name because of his shirt. Later when I called the Sanctuary to check on the pelican, I asked if I might speak with Daniel. No one had ever heard of him.

Everything in north Yakut had been built on permafrost, and the platforms sank unevenly in the summer, and were buried in ice in the winter, and parts for construction had come from all over the world, heavy machinery from Switzerland and Sweden, drills from America, reactors from the Ukraine, plus a lot of old scavenged Soviet stuff, some of it good, some indescribably shoddy, but all of it unmatched—some of it even built in inches—so that they had had to improvise constantly, building oil wells out of ice and string, knocking together nuclear reactors that made Chernobyl look like a Swiss watch. And every desperate day’s work accomplished with a collection of tools that would have made a tinker weep.

We invite reporters to ask, in every story they cover, whether the news is good for nature. Media outlets might include climate costs and benefits in all business reporting. Data are available to gauge the atmospheric consequences of construction, oil drilling, consumer spending, air travel, and shipping. Why not show it? Another positive step would be a quarterly forest report on losses and gains, fragmentation, carbon uptake and emissions, and changes in protected status. Global Forest Watch already has most of the information online.

Oil and Gas Investing in Permian Basin-Smart Move As the true scope of Permian Basin is being understood, one thing is very clear; it is going to attract a lot of investment. As in case of all oil and gas investments, the sooner you invest, the better your returns are going to be. Right now is the perfect time for oil and gas investing in Permian Basin. There are a lot of benefits of choosing to invest in things other than the property, shares and stocks circuit. It not just helps you spread out your earnings, it lets you test potential markets such as these. As these markets are not overcrowded, there is more scope for growth. But why should you choose oil and gas investing in Permian Basin when you have dependable assets elsewhere? The answer is that those assets multiply at such a slow pace that you forget they are there while when there is an oil and gas boom, it turns your fortunes. An oil well investment brings with it years of steady income with the benefit of tax deduction on the investment. It is not as much a gamble as it is made out to be and oil strikes are more frequent than people would like you to believe. About 15% annual income from oil and gas wells is exempt from tax and 65-85% of your first year's investment can be waived off. Gone are the days when all you could do with oil well was bore increasingly downwards, vertically. Now there is technology available that lets you draw oil supply for a long, long time after the initial vertical bore runs dry. With new advancements in drilling and extracting techniques, a lot of oil that was earlier as good as not being there has suddenly become readily available. Being with a company that is well equipped with the latest technology gives your investment more stability. That is one of the reasons for a revival of the boom in Permian Basin and it has been predicted to last for a long time to come. Choose with great care a reliable and experienced company that is a seasoned hand at oil and gas drilling and production. Oil and gas investing in Permian Basin is bound to attract many investors looking to be a part of the upward trend. Invest today and reap benefits for years to come.

oil companies study the rock formations carefully before they drill a well. Yet, despite their scientific analysis, seven out of eight wells drilled turn out to be dry holes. Oil companies are persistent in their search for oil, not by digging one hole to ridiculous depths but rather by experimenting with a new well when good judgment says the first well won’t produce.

Oil that was drilled in Texas or Saudi Arabia, by contrast, was known as “sweet” crude because it had very low sulfur content. This made it a lot cheaper and easier to process—you didn’t need coker towers to take the sulfur out. So many of America’s oil refineries sprang up around the Gulf Coast because that’s where sweet crude was imported and processed. Very few firms wanted to install the kind of expensive equipment that ran at Pine Bend, but Great Northern had done so. When Paulson took over, Pine Bend was one of very fewer buyers in the upper Midwest that offered to buy Canadian crude. Because there were so few buyers, the Canadian crude piled up—there was an excess of supply. This meant that prices dropped. Koch could buy the sour oil at a price that was significantly lower than oil prices elsewhere in the United States. But the cheap Canadian crude was only half of the equation. When Koch turned around to sell the gasoline it made at Pine Bend, it sold that gasoline into a midwestern region where there were very few other refineries, causing supplies to be relatively tight and prices high. This made the economics of Pine Bend almost too good to be true.