[Ok-sus] Fuel to Byrne

Bob Waldrop bwaldrop1952 at att.net
Fri Oct 26 22:33:23 CDT 2012


You've probably seen the stories lately. According to the MSM, the US is 
poised to jump AHEAD of Saudi Arabia and become a major oil exporter.

Sigh.

There never show their work, as my grade school teacher used to demand 
on math problems, do they?

Well, here's the real deal. With the facts and the figures that expose 
the lies as what they are.

http://www.smartplanet.com/blog/energy-futurist/fuel-to-byrne/480

The bottom line take-away? Actual crude oil is only 56% of the 10.1 
million barrels per day total the recent spate of articles has been 
yee-hawing about.
Bob Waldrop, OKC

A snip. . .

The mainstream press never seems to tire of re-writing the new “energy 
independence” story, despite my repeated debunkings (here, here, and 
here) of recent Pollyannish articles projecting massive growth this 
decade from marginal unconventional oil resources.

An April 10 article in the New York Times (”Fuel to Burn, Now What?“) 
raised the bar on American oil optimism once again, going so far as to 
suggest that the U.S. might become “a top energy exporter, rivaling some 
members of the Organization of the Petroleum Exporting Countries.” This 
was a remarkable claim, considering that we are still the world’s top 
oil importer by far, at a net 8.4 million barrels per day (mbpd) 
according to the Energy Information Administration.

One statement in particular that just begged for debunking was the claim 
that the U.S. produced 9 mbpd of oil in 2011.
When oil is not oil

To come up with 9 mbpd, one needs to include several categories of 
liquids that are not actually oil. It is these additional categories 
that have posted the greatest growth in recent years, and without them, 
there wouldn’t be much of an optimistic oil story to tell.

(nice big chart right here)

Actual U.S. crude plus condensate (natural gas liquids that are 
naturally associated and produced along with crude oil) production was 
5.7 mbpd in 2011, or 56 percent of the 10.1 mbpd total, according to the 
EIA.

Natural gas plant liquids—liquids that are separated from “dry” methane 
gas at natural gas processing plants—accounted for 2.2 mbpd, or 22 
percent of the total.

“Other liquids” in the EIA’s definition—mainly corn ethanol—contributed 
another 1.1 mbpd, or 11 percent of the total.

Refinery processing gains made up the final 11 percent at 1.1 mbpd.

There are two problems with counting these liquids as if they were oil: 
One, they are not equivalent to crude oil on an energy basis. And two, 
some of it isn’t even used as fuel for motor vehicles.

LOTS MORE AT THE LINK.






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