• Thanks for stopping by. Logging in to a registered account will remove all generic ads. Please reach out with any questions or concerns.

Trump administration 2024-2028

Czech_pivo said:
Understood.
Just know that the US's current output is based on old/played out fields that have more good days behind them than in front of them.

Have read reports that their production will be around 2m bpd less in 10-12yrs than it is today.
Click to expand...

Hence Venezuela…

Altair said:
What collapses first, the AI bubble or the salt caverns?
Click to expand...

Collapse is generally a myth. They pump water in to raise the oil to nominal pump out levels. Oil being less dense floats and leaves water/brine below, so overall level in the cavern stays relatively constant…+/-
 
Good2Golf said:
Hence Venezuela…



Collapse is generally a myth. They pump water in to raise the oil to nominal pump out levels. Oil being less dense floats and leaves water/brine below, so overall level in the cavern stays relatively constant…+/-
Click to expand...

One key issue: Successive administrations and Congress have pumped oil out of the reserve dozens of times through sales to raise funds, as well as emergency releases. But the stockpiles were initially designed for up to five full drawdowns, and the frequent releases are degrading the sites’ integrity, experts say.
The reserve has experienced 16 major equipment failures since 2013, including of raw water and brine disposal piping. Some sites have seen well deformation and hydraulic failures. In May 2024, a well ruptured unexpectedly at a Texas site, causing the loss of as much as 400,000 barrels, the GAO report said.
The deterioration limits how much crude can be pumped into and out of the caverns. As of December, the DOE estimated 2.7 million barrels a day could be drawn out of the 4.4 million barrels it was designed to handle, according to GAO. About 440,000 barrels a day can be injected, out of the 785,000 barrels the initial design provided for. That means not all of the oil in the reserve might be accessible when needed, and replenishing the stocks is a slower process than it should be, experts said.
Click to expand...
Doesn't seem like a myth to me.
 
Altair said:


Doesn't seem like a myth to me.
Click to expand...
You’ll note that’s notably more an issue of the pumping infrastructure which includes geomorphic structures near the wellhead, not the underlying structure of the caverns themselves. Also the rate of daily drawdown. That said, there is varying opinion on where the “irreversible damage” tipping point is…ranging from DoE recently saying 70MMB is the lower limit, while others still hold 250MMB to be the safety limit. Like ‘Mr.Global’ Matt Randolph, I too would like to see a knowledgeable technical paper on what the true safe low level of the SPR caverns is.
 
You must log in or register to reply here.
Back
Top