Thank you Ed Ireland! Energy is Life as we know it and the Democrats are doing their best to Destroy our country. It is my hope that informative articles like your’s will (before November) reach the “energy ignorant 40% + “ that support Biden’s and Democrat policies. Have a great Easter weekend.
Thanks for your comment, Dick. Yes, we all need to do everything we can to help voters make the right decisions next November. I hope you have a great Easter weekend as well. Ed
I'm wondering about this line, "Not only has the President failed, but the U.S. oil and gas industry has managed to thrive."
I have read elsewhere that o/g majors typically thrive in Dem admins because the restrictive posture puts upward pressure on prices, padding margins. Republicans get more oil out of the ground, but lower prices result, to the benefit of consumers and the detriment of o/g shareholders. Do you agree with that?
If we burned that oil in power stations we would only get around 40% of that power as useful electricity from them. (Plus we'd probably get an awful amount of smoky particulates...)
Thank you Ed Ireland! Energy is Life as we know it and the Democrats are doing their best to Destroy our country. It is my hope that informative articles like your’s will (before November) reach the “energy ignorant 40% + “ that support Biden’s and Democrat policies. Have a great Easter weekend.
Thanks for your comment, Dick. Yes, we all need to do everything we can to help voters make the right decisions next November. I hope you have a great Easter weekend as well. Ed
This is interesting.
I'm wondering about this line, "Not only has the President failed, but the U.S. oil and gas industry has managed to thrive."
I have read elsewhere that o/g majors typically thrive in Dem admins because the restrictive posture puts upward pressure on prices, padding margins. Republicans get more oil out of the ground, but lower prices result, to the benefit of consumers and the detriment of o/g shareholders. Do you agree with that?
12.9 million barrels a day is roughly equal (depending on crude & condensate properties) to around 900 GW continuously 24/7/365 throughout 2023.
Thanks, Chris. How did you make that calculation? It is an interesting number for sure. Ed
Hello Ed,
A while ago I searched 'barrel of oil in kilowatt hour' and found various hits. This one
https://www.unitpedia.com/barrel-of-oil-equivalent-to-kilowatt-hour/
has the conversion factor 1,700 kWh per bbl that I used for my comment, then rounded down the result.
I've just re-searched and found https://www.eia.gov/energyexplained/units-and-calculators/ which includes
"Btu content of common energy units (preliminary estimates for 2022)
1 barrel (42 gallons) of crude oil produced in the United States = 5,684,000 Btu"
which is 1665.8 kWh / bbl - close enough for government work.
The rest of the conversion calculations:
approx. e.g. US 2023 bbl/d 12,900,000
approx. kWh / bbl 1,665.8
kWh / d 21,488,820,000
h / d 24
kW 895,367,500
GW 895
All the best
Thanks Chris. Should that be in GWhours?
Hello Ed,
No, we're converting the rate of oil production to the (gross) rate of energy production.
12.9 million bbl/d x 1,665.8 = 21,488,820,000 kWh/d (= 21,488.82 GWh/d)
Power is rate of energy / time.
21,488.82 GWh/d = 21,488.82 GWh/ (24 h) = 895.4 GW
To emphasise, this is the gross number.
If we burned that oil in power stations we would only get around 40% of that power as useful electricity from them. (Plus we'd probably get an awful amount of smoky particulates...)
I hope that helps.
Best.
Great info, Chris. Thanks! Ed