Petrol Doom

[OwlHoot]

AA urged motorists not to panic, buy and drain petrol stations of their reserves ...

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[fullyautomatix]

I can't be arsed to read a Daily Fail article, but just how the hell does a petrol refinery go bust? It's not like the prices have dropped.

They do go bust, if they dont employ new technology to make the refining process more efficient. Countries like India/China are creating gigantic refineries with modern technology which will soon make petrol refinery in the UK unsustainable.

 

[NickFitz]

Only affects the south-east, doesn't it? Not a real problem

 

[Dearnla]

Only affects the south-east, doesn't it? Not a real problem

I'm alright Jack! Filled up this a.m. in a garage that only had 3 other cars in it.....

 

[The_Equalizer]

Quite possibly the thin end of the wedge. From what I understand oil stocks are depleting by 4% a year. It's part of the reason I have bought shares in oil explorers. Dim Prawn you can keep your gold.

 

[DimPrawn]

Quite possibly the thin end of the wedge. From what I understand oil stocks are depleting by 4% a year. It's part of the reason I have bought shares in oil explorers. Dim Prawn you can keep your gold.

You smug b@stard!

 

[Pondlife]

Quite possibly the thin end of the wedge. From what I understand oil stocks are depleting by 4% a year. It's part of the reason I have bought shares in oil explorers. Dim Prawn you can keep your gold.

Do you have a linky for this - not saying you're wrong, just curious?

As I understand it, there's bucketloads of the stuff out there but it only becomes economical to get it out once Oil hits a certain price. IIRC loads of investments in to Shale Oil was put on the backburner when prices dropped below a certain point.

 

[The_Equalizer]

Do you have a linky for this - not saying you're wrong, just curious?

As I understand it, there's bucketloads of the stuff out there but it only becomes economical to get it out once Oil hits a certain price. IIRC loads of investments in to Shale Oil was put on the backburner when prices dropped below a certain point.

I think it came from this book, although I would have to double check:

Oil 101

It's well worth a read.

There's some info here too:

The Oil Drum

It is my impression that 'unconventional oil' can't make up the gap partly due to energy cost in extraction.

 

[AtW]

It is my impression that 'unconventional oil' can't make up the gap partly due to energy cost in extraction.

Shale gas burnt to generate power stored in new nano-batteries.

After that average Joe Bloggs from Yorkshire will be buying football clubs in Dubai on his spare change.

HTH

 

[Freamon]

Do you have a linky for this - not saying you're wrong, just curious?

As I understand it, there's bucketloads of the stuff out there but it only becomes economical to get it out once Oil hits a certain price. IIRC loads of investments in to Shale Oil was put on the backburner when prices dropped below a certain point.