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Kerosene @ $93 Bbl  
User currently offlineANother From , joined Dec 1969, posts, RR:
Posted (8 years 1 month 5 days 12 hours ago) and read 1188 times:

According to IATA kerosene is now $93bbl or 254.3% of the price in 2000. See http://www.iata.org/whatwedo/economics/fuel_monitor/index.htm

Let's just hope the middle east cools down a little, or we will be seeing $100+

7 replies: All unread, jump to last
 
User currently offlineCedarjet From United Kingdom, joined May 1999, 8084 posts, RR: 54
Reply 1, posted (8 years 1 month 5 days 12 hours ago) and read 1143 times:

We'll easily see $100. The Middle East isn't going to cool down, it's going to get a lot hotter. But that isn't even the problem, it's that the black gold is running out, and we'll see $100, $200, $300, $400.


fly Saha Air 707s daily from Tehran's downtown Mehrabad to Mashhad, Kish Island and Ahwaz
User currently offlinePavlin From , joined Dec 1969, posts, RR:
Reply 2, posted (8 years 1 month 5 days 12 hours ago) and read 1110 times:

Quoting Cedarjet (Reply 1):
it's that the black gold is running out, and we'll see $100, $200, $300, $400.

Don't be too pesimistic. There are other sources beside conventional oil that are far cheaper than 200$ per barrel. Canadian oilsand are about 40$ per barrel of crude not refined.


User currently offlineKanebear From United States of America, joined May 2002, 953 posts, RR: 1
Reply 3, posted (8 years 1 month 5 days 11 hours ago) and read 1075 times:

Quoting Cedarjet (Reply 1):
We'll easily see $100. The Middle East isn't going to cool down, it's going to get a lot hotter. But that isn't even the problem, it's that the black gold is running out, and we'll see $100, $200, $300, $400.

As mentioned above, Canada has reserves second only to Saudi Arabia that are profitable at $40bbl and are only just beginning to be explored. Colorado has huge shale oil deposits (more than the entire mideast combined) that only want for advanced production techniques. 120 years in the future hopefully we will have such technology. We will be nowhere near exhausting current reserves at that point. Peak oil is a joke and a myth. Oil won't ever be $20/bbl again but it doesn't need to be $70/bbl either. It's only as high as it is now due to speculation, unrest in the mideast and other uncertainty.


User currently offlineANother From , joined Dec 1969, posts, RR:
Reply 4, posted (8 years 1 month 5 days 9 hours ago) and read 997 times:

Quoting Pavlin (Reply 2):
Canadian oilsand are about 40$ per barrel of crude not refined.

But, correct me if I am wrong, that isn't 'light sweet crude' but heavy bitter crude (tm) . What's the crack-spread on that?


User currently offlineGhost77 From Mexico, joined Mar 2000, 5217 posts, RR: 51
Reply 5, posted (8 years 1 month 5 days 5 hours ago) and read 886 times:

Quoting Kanebear (Reply 3):
Peak oil is a joke and a myth. Oil won't ever be $20/bbl again but it doesn't need to be $70/bbl either. It's only as high as it is now due to speculation, unrest in the mideast and other uncertainty.

And as soon as US take full control of Irak's oil everything will be back to $40s!

ghooost77 APM



Ricardo Morales - flyAPM - ¡No es que maneje rapido, solo estoy volando lento!
User currently offlinePhilhyde From United States of America, joined exactly 11 years ago today! , 678 posts, RR: 1
Reply 6, posted (8 years 1 month 5 days 5 hours ago) and read 864 times:

Quoting Pavlin (Reply 2):
Don't be too pesimistic. There are other sources beside conventional oil that are far cheaper than 200$ per barrel. Canadian oilsand are about 40$ per barrel of crude not refined.

Also don't discount petroleum alternatives, such as Biodiesel. Although not a ringer for aviation, blends with Jet A are being tested. Applications like this will lessen the dependency on fossil based fuels.



HoustonSpotters Admin - Canon junkie - Aviation Nut
User currently offlineTTailSteve From United States of America, joined May 2006, 113 posts, RR: 0
Reply 7, posted (8 years 1 month 5 days 4 hours ago) and read 827 times:

Quoting Cedarjet (Reply 1):
it's that the black gold is running out

The problem isnt a lack of crude oils its alack of refineries to process it. There hasn't been a new refinery opened int he US since the late 70s thanks to the NIMBAs.


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