LajaLaba: Are u a muslim?

And so what!! Go and die if you're aggrieved.

Usa usa usa..law of diminishing returns!

usa the chief mischief maker in the world

caseless: being oil industry doesnt give u and edge. I'm a geologist!

My word.

You are a Geoscientist?

I guess you need to graduate or go back your books, they've since gathered cobwebs.


If a Geoscientist reasons and writes such terrible grammar the way you do I guess the Nigerian extractive industry is in for one long ride.

Please shoot down the arguments with facts not some gut feeling or conspiracy theory.

This last sunday, someone made an analysis for me that made me WAO! I had like to share it immediately after he said it, But this analysis won't be pleasing to the ears of NL religious fanatics. I reason with him and having nothing to doubt him.

Today, I am surprise to see this topic even though I am not supposed to be.
My respect for America is that they prepare for the future before time.
But I still believe there is a cockroach behind their interventions to the terrors happening.
*********It has seems to be terrorism+oil producing state+islamic countries( or countries excluding the west)*********

Maybe it's time to start thinking beyond what it seems to be. Politics is not an easy joke to crack anyway.
Why are these Terrorised countries oil producing countries?
Does the terrorism in Nigeria has anything to do with Americans and their interest of OIL?
Major importers now LARGEST oil producers







Maybe I need to start considering what seems like UNBELIEVABLE that a friend said.

I pray Nigeria and Nigerians won't be a Victim of Regret!
God bless us all!

Whether it is lie or true, Na for dem head e dey. E no suppose dey pain any of us because if not for corruption, bunkering and sabotage, Nigeria's production would have seen us go higher up the ladder- we might even be the ones making this claims sef

aljharem:

Not exactly but based on my little knowledge I know it can't be true unless proven otherwise. Yes Shale oil is there but all these are just peculations. Some grades of Shale oil itself might not be viable.

No matter how good shale oil is, he can never be compared both in quantity and quality to crude oil.

These is what Saudi and Russia have

what u just said showed that u hv no Knowledge about it and that ur making speculations.

ignis:
You have little knowledge, yet you have a very wide mouth to say what you don't know. What is the difference between crude oil and shale oil? What is the source rock of crude oil? Is it not Shale?
If you actually read the article with your brain and not with your ball, you will actually see the reasons for the decline in crude oil production in Iraq, Russia, Libya and Nigeria.
What else do you want?

well said plus the fact that shale oil is produce by a process called pyrolysis and hydrogenation(Addition of Hydrogen atoms to the carbon atom in the bond).

4Play: It's funny people are asking for evidence when US oil importation, particularly from Nigeria, has reduced. See extract from link below:

http://businessdayonline.com/2014/06/drop-in-us-oil-import-from-nigeria-valued-at-2-7bn-in-q1/#.U7o8aPVwYuo

that was even around 2011 that I read the news. So sad we are led by a pack of arm robbers as leaders.

caseless: we import oil too.

He meant unrefined crude oil, not refined PMS, AGO and DPK!

. . . they cant print anymore money to take other countries oil anymore. (the trillions they owe is ridiculous)

If they continue to print dollars it deflates the currency more.

Therefore they started production again from their vast reserves.

The dollars all these so called oil producing countries have been collecting for their oil is as good as useless.

The Chinese knew this sometime back hence the reason they spent the money quickly - normally in developing countries and exchange the dollars for natural resources.

Geopolitics - what everyone must study.

Go back to their 2008 presidential campaigns. Obama promised to make America self sufficient in the energy sector so as to reduce and if possibly stop the US's dependence on middle eastern oil. And also to reduce Americas support on despotic regimes because they depend on those regimes for oil. This is a partial fulfillment of that promise. For those who've forgortten.

America govt is people oriented ,incomparable

chiboy11: America does not produce Crude or Have Crude oil wat dey ve is Shale Oil which is only good to Power electricityn am sure no automobile in dis world uses such , so dis re all lies n propagada.

If America haz crude oil y re dey d 2nd most country afta china importing Oil or do dey drink diers

Olodo. Do you know the history of crude oil at all. Texas, California, Alaska, Pennsylvania, North Dakota, etc are sitting on massive amounts. The U.S has always been producing all this while, they only import to SUPPLEMENT demand. The reason they have reduced importation is partly due to the increased production from shale discoveries and freakin democrats. Republicans always believed in "hoarding" reserves but that has since changed. They really have no choice now with the amount of activity going on in the eagleford, marcellus, permian and bakken.

Don't ever repeat that comment you made again otherwise i go flog you. You open your whole mouth talk say U.S no get crude. Do you know that the number of drilling rigs operating in the U.S at any point is higher than all the rigs in the rest of the world. Are they drilling water? Go and park your mouth at BRT bus station jare

phuckNL:

Olodo. Do you know the history of crude oil at all. Texas, California, Alaska, Pennsylvania, North Dakota, etc are sitting on massive amounts. The U.S has always been producing all this while, they only import to SUPPLEMENT demand. The reason they have reduced importation is partly due to the increased production from shale discoveries and freakin democrats. Republicans always believed in "hoarding" reserves but that has since changed. They really have no choice now with the amount of activity going on in the eagleford, marcellus, permian and bakken.

Don't ever repeat that comment you made again otherwise i go flog you. You open your whole mouth talk say U.S no get crude. Do you know that the number of drilling rigs operating in the U.S at any point is higher than all the rigs in the rest of the world. Are they drilling water? Go and park your mouth at BRT bus station jare

Thanks for schooling them.

Much appreciated.

tohero: This last sunday, someone made an analysis for me that made me WAO! I had like to share it immediately after he said it, But this analysis won't be pleasing to the ears of NL religious fanatics. I reason with him and having nothing to doubt him.

Today, I am surprise to see this topic even though I am not supposed to be.
My respect for America is that they prepare for the future before time.
But I still believe there is a cockroach behind their interventions to the terrors happening.
*********It has seems to be terrorism+oil producing state+islamic countries( or countries excluding the west)*********

Maybe it's time to start thinking beyond what it seems to be. Politics is not an easy joke to crack anyway.
Why are these Terrorised countries oil producing countries?
Does the terrorism in Nigeria has anything to do with Americans and their interest of OIL?
Major importers now LARGEST oil producers







Maybe I need to start considering what seems like UNBELIEVABLE that a friend said.

I pray Nigeria and Nigerians won't be a Victim of Regret!
God bless us all!

You and your friend are both dolts.

What does American's foreign adventurism have to do with the quantity of Crude Oil produced in the Continental United States?

buJu234: assuming we have leaders... eh ya...

we dont need the US nor china nor india to buy our crude Oil....

all we need are just:-

(1) atleast 5-10 functional refineries
(2) a good export market of refined petro-chemical products to other countries
(3) build power turbines close to each refinery ( so that the refineries can supply them the fuel they needed to run the power stations)
(4) give very very low tariff to manufacturing in Nigeria
(5) put very very high tariff on importation
(6) heavy investments on Agriculture
(7) invest heavy on human development capacity

try these & some others and see if the economy will not grow at a fastest pace than it was during the export only crude oil era...

U are the only smart human being in the mist of these fools screaming lies. If A costumer comes my shop and tells me that my goods are now being given out for free in his backyard, shouldn't I be smart enough to sell off as much as I can and diversify into something else, or should I go home and start telling my self it is a lie..... when I say some Nigerians are dumb, I mean it..... some of us think like the so called leaders that we call clueless

rusher14:

My word.

You are a Geoscientist?

I guess you need to graduate or go back your books, they've since gathered cobwebs.


If a Geoscientist reasons and writes such terrible grammar the way you do I guess the Nigerian extractive industry is in for one long ride.

Please shoot down the arguments with facts not some gut feeling or conspiracy theory.

roach, if you've fallen for that american crumbs and u are trying to back it up with ur balderdash, i did not fall for it.
To prove that ur brain is more scotched than the niger-delta destroyed land, you were all over the thread with posts that shows you know nothing about what u are talking about. Imp, shale oil is not tight oil or crude oil, however , it is even more costly to extract shale oil than the conventional crude oil both financially and in terms of environmental impact. With the aforementioned reason, why do u think that d US would go for this and probably overtake every other oil producing country in the world...despite the cost of what they produce?
Numskull, u dont tell me where you work cos i don't care. And if u think my grammar has anythin to do with the topic , then i might get even and handle u for being intemperate in ur post. If u spew any rawbish again, u are going to have it real hot from me .

phuckNL:

Olodo. Do you know the history of crude oil at all. Texas, California, Alaska, Pennsylvania, North Dakota, etc are sitting on massive amounts. The U.S has always been producing all this while, they only import to SUPPLEMENT demand. The reason they have reduced importation is partly due to the increased production from shale discoveries and freakin democrats. Republicans always believed in "hoarding" reserves but that has since changed. They really have no choice now with the amount of activity going on in the eagleford, marcellus, permian and bakken.

Don't ever repeat that comment you made again otherwise i go flog you. You open your whole mouth talk say U.S no get crude. Do you know that the number of drilling rigs operating in the U.S at any point is higher than all the rigs in the rest of the world. Are they drilling water? Go and park your mouth at BRT bus station jare

hmm, at bolded thanks for the info, never knew

Not aware if a new technology is on board for the shale oil but if it is still using retorting method, then I think America won't even consider exporting because of the cost. The difference between shale oil and crude oil is that the later requires more heat and pressure to form than the former- for those of you arguing if they are same,they are biko ..na so Dr odumodu tell us for skul dat time oo...lol

caseless: roach, if you've fallen for that american crumbs and u are trying to back it up with ur balderdash, i did not fall for it.
To prove that ur brain is more scotched than the niger-delta destroyed land, you were all over the thread with posts that shows you know nothing about what u are talking about. Imp, shale oil is not tight oil or crude oil, however , it is even more costly to extract shale oil than the conventional crude oil both financially and in terms of environmental impact. With the aforementioned reason, why do u think that d US would go for this and probably overtake every other oil producing country in the world...despite the cost of what they produce?
Numskull, u dont tell me where you work cos i don't care. And if u think my grammar has anythin to do with the topic , then i might get even and handle u for being intemperate in ur post. If u spew any rawbish again, u are going to have it real hot from me .

Child, go read a book.

Does the US have vast oil fields?

Do you have any idea how much land mass covers the US?

Or in fact how many platforms and rigs dapple the land and seascape?

Child, you are a recidivist and you would not learn.

Humble yourself, read articles, travel (it is evident you haven't) and then maybe you can begin to contribute as an expert.

People with knowledge and experience in the field would school you yet you choose to expose your ignorance. Is this fair to the all the training you were meant to have?

Perhaps you are best suited to your local terrain and indeed you are a local champion in your little fiefdom. This is the internet and the chairman of 'agberos' at the local level becomes a mere member when he gets to the National convention.

Again go read a book and pay attention in class.

aljharem:

Not exactly but based on my little knowledge I know it can't be true unless proven otherwise. Yes Shale oil is there but all these are just peculations. Some grades of Shale oil itself might not be viable.

No matter how good shale oil is, he can never be compared both in quantity and quality to crude oil.

These is what Saudi and Russia have

Why are you guys in Denial, ur oil is no longer important deal with it

4Play: This news is causing a lot of people headache as this puts paid to a lot of their conspiracy theories and understanding of the world.

For those asking why the US continues to import: that is because the US domestic consumption far surpasses what it produces. If Nigerian living standards was at western levels, we too would be importing oil.

are we not importing oil already

It's a pity that most people these days now rush to the internet to argue what they do not know. It is no more news that the US is now the world's largest oil producer. That the US imports oil doesn't mean they are still not the number 1. California is one of the top oil producing states in the United States. However, it may interest you all to know that all of the oil produced in California is used in California. This is not even enough to meet the energy demands hence the importation.

I have also read some funny comments here about some people taking oil shale for shale oil/tight oil. Shale oil is different from Oil shale. Please do not ask me what the difference is. Go and do your research so you can be well informed.

Geologists are aware of the hydrocarbon locked in shales a long time ago. But two things won't let them drill for the oil. First is the technology to bring this oil out from this tight "source rock". Second is the economics. No one would drill for oil in shales when a barrel sells for $10. It doesn't make sense.

This is not only about shale, it is also about reservoirs where oil companies know they won't make any profit from if they drill at the time the price of oil is way below what it is now. An example is the San Joaquin basin in California. Most of the oil in this basin is heavy oil. For you to get this oil out from the subsurface in commercial quantity, you have to reduce the viscosity. How do you do this? You inject steam into the ground by drilling injection wells and cyclic steaming the producers to bring out this oil. In reservoirs with a lot of conglomerates, you require more steam compared to reservoirs with sands. Oil companies put all of this into consideration when drilling and see how it affects their economics. In the 70s and 80s, most companies will by pass this zones and drill in areas where they would spend less and gain more.

With advance in technology and with a barrel of oil selling for at least a $100, oil companies now go back to these by passed zones to drill since it is now economical. Oil companies can now go back to frack these shales and get the oil out from it. Mind you, the major difference between a sandstone and a shale is permeability. Shales have good pore spaces where hydrocarbon can be trapped except that it is not permeable (pore spaces not well interconnected). You need good porosity and permeability for a good reservoir. This leads me back to fracking where oil companies now device a way of creating artificial permeability to turn what was once regarded as only a source rock to a reservoir. This requires a lot of money and no oil company would go for this when a barrel of oil sells for $30. The Eagle Ford and Bakken shale Formations are good examples of sedimentary formations where oil is gotten from shales. Please do not misinterpret this for OIL SHALE.

This finally leads me back to the topic/argument. Why is the US the largest oil producer? Aside the fact that the United States is trying all within her power to be less dependent on other countries for oil, there has been an increase in demand for oil, and the oil companies are more aggressive in searching for oil and drilling more than before. Why? They now have advance technology to drill anything and get oil to the surface. Not only that, they make good profits from this and this means a lot to them. Shouldn't one wonder why an oil company would rent a rig for $1m a day in the Gulf of Mexico and drilling for atleast 3 days? No don't be surprised, that single well will produce 5,000 barrels of oil a day. Now multiply 5,000 barrels per day by $100 and tell me if this is not economical.

America u wish....with all u ve stolen from libya and iraq and stored in yur reseves might ve fetched u this tempt status....but you will soon use up the stolen product and den u won't ve any iraq or libya to steal from anymore....nonsense

Hmmmmmm........I'm getting there...........

rusher14:

[s]Child, go read a book.

Does the US have vast oil fields?

Do you have any idea how much land mass covers the US?

Or in fact how many platforms and rigs dapple the land and seascape?

Child, you are a recidivist and you would not learn.

Humble yourself, read articles, travel (it is evident you haven't) and then maybe you can begin to contribute as an expert.

People with knowledge and experience in the field would school you yet you choose to expose your ignorance. Is this fair to the all the training you were meant to have?

Perhaps you are best suited to your local terrain and indeed you are a local champion in your little fiefdom. This is the internet and the chairman of 'agberos' at the local level becomes a mere member when he gets to the National convention.

Again go read a book and pay attention in class.[/s]

pure gangue! u knw wat? I'l let ur idiocy stay afloat for d time being cos i'm fasting. But, b on the lookout 4 me.

chiboy11: America does not produce Crude or Have Crude oil wat dey ve is Shale Oil which is only good to Power electricityn am sure no automobile in dis world uses such , so dis re all lies n propagada.

If America haz crude oil y re dey d 2nd most country afta china importing Oil or do dey drink diers

Sir please do not sound so sure when in truth you are not, for the benefit of those that doesn't even know a thing about shale oil at least. Anyway there's something called "Flex Fuel" and it powers automobiles, you can use Google he is your friend

@Ojap. No one is taking shale oil(liquid hc produced frm kerogen) for oil shale(formation). Read again!

phuckNL:

Olodo. Do you know the history of crude oil at all. Texas, California, Alaska, Pennsylvania, North Dakota, etc are sitting on massive amounts. The U.S has always been producing all this while, they only import to SUPPLEMENT demand. The reason they have reduced importation is partly due to the increased production from shale discoveries and freakin democrats. Republicans always believed in "hoarding" reserves but that has since changed. They really have no choice now with the amount of activity going on in the eagleford, marcellus, permian and bakken.

Don't ever repeat that comment you made again otherwise i go flog you. You open your whole mouth talk say U.S no get crude. Do you know that the number of drilling rigs operating in the U.S at any point is higher than all the rigs in the rest of the world. Are they drilling water? Go and park your mouth at BRT bus station jare

you for tell am about Colonel Drake well, the cable tool system that drilled the first oil well in the US...

Some people sha

caseless: @Ojap. No one is taking shale oil(liquid hc produced frm kerogen) for oil shale(formation). Read again!

caseless: roach, if you've fallen for that american crumbs and u are trying to back it up with ur balderdash, i did not fall for it.
To prove that ur brain is more scotched than the niger-delta destroyed land, you were all over the thread with posts that shows you know nothing about what u are talking about. Imp, shale oil is not tight oil or crude oil, however , it is even more costly to extract shale oil than the conventional crude oil both financially and in terms of environmental impact. With the aforementioned reason, why do u think that d US would go for this and probably overtake every other oil producing country in the world...despite the cost of what they produce?
Numskull, u dont tell me where you work cos i don't care. And if u think my grammar has anythin to do with the topic , then i might get even and handle u for being intemperate in ur post. If u spew any rawbish again, u are going to have it real hot from me .

You obviously don't know the difference between the two hence my reason for explaining. And if that's the only thing you could pick from my write-up to defend your self, then I won't argue further. I like to argue with facts, and that I have done.

FYI, I am a practicing Petroleum Geologist.