Blokes, at the 2010 mark for the accident in the Gulf of Mexico, that was BP accident, not Exxon/Moble. I believe it was Chevron that was in Venezuela that used to advertise they gave charity money to families, in the States, who could not afford to pay there oil bills for the house. was interesting watching the bar showing cost per barrel over the time.

@Kenneth_James

2 жыл бұрын

Its Mobil.

@Kenneth_James

Жыл бұрын

@@CLEO99087 Nah man, he spelled it ExxonMOBLE and I said it's MOBIL. The Deepwater Horizon was BP and whatever your talking about I am sure your right.

I’m an American. When I started driving at the age of 18 the price of a gallon of gas was 25 cents! That’s why “cruising” with your friends became part of our culture!

I'm from Venezuela and I can confirm what you said about oil money going to a few packets, one example Hugo Chavez's daughter has 4 billion dollars and we don't know how :V

I knew a girl with ice blue eye color whose dad was an American structural engineer on Saudi ultra wealthy houses in the 70s after OPEC, and she remembered bathrooms with gold plated fixtures. One day a sheik looking guy came to their home and told her father he would give 40 camels for her!

Pennsylvania has large pockets of shale rock. My father in law has allowed a fracking company to drill on his land. He’s made a lot of money as they pay him a percentage based on how much oil is extracted. It’s horrible for the environment but when you’re making enough money to support your retirement it’s very hard to say no to that kind of money.

React to more oversimplified. You have french revolution, napoleonic wars, russian revolution, the pig war. There are plenty of great videos to watch still!

@amoslansing1585

2 жыл бұрын

No

@kingwacky184

2 жыл бұрын

@@amoslansing1585 yes. Majority want them to do that.

@amoslansing1585

2 жыл бұрын

@@kingwacky184 how do you know?

Would love to hear more about how Daz got into the Oil & Gas industry

Great video, really informative and helps connect many things we’ve all heard about into one historical arc.

It's interesting how many think oil is converted into gas for your car without realizing all the other things oil is made into.

Is there anything Daz hasn't done or been 😂

Saudi Arabia as well as several other countries are quietly but aggressively investing in hydrogen production. I invest heavily in H2 along with my present investments in Nat Gas and oil exploration and mid-stream companies.

Concerning the oil sands in Alberta, Canada. Much of it can be extracted by steam being pumped underground, which softens the oil enough to flow. Yes, the mining looks bad but enviro wackos never show the after shots. The forests razed he talks about are sickly, the grass very sparse, because nothing really wants to grow there. By law, here in Alberta, the companies must have money set aside for restoration before a shovel goes into the ground. Reclaimed areas now host healthy forests, lush grasslands, and many species of animals are coming to take up residence there.

I feel like this "Gaming Channel" is a practical joke and they are going to see how long they can say, "Its almost here" before any of us call them out on it. lol

The Spice Must Flow.

@19:17 ~ the graphic shows vertical drilling being able to make a right angle, and drill horizontal. I don't know how they can do that. I'm thinking that it must go horizontal gradually, that is, having a radius, rather than having a sharp angle to it, to the change to horizontal. How do they do it?

I found that all very interesting, I've read that the Bakken area (eastern Montana and western North Dakota) has larger oil reserves than Saudi Arabia. It boomed a few years ago with fracking.

Norway's one of the few countries that has tons of oil and not getting corrupted by it

The chart shows equal amounts retrieved from a barrel that is not the amounts created from refining Gasoline and diesel account for about 70% of the total of oil refined.

I'm pretty sure the first oil wells in North America were in southern Ontario, Canada.

Saludos desde uruguay un abrazo ✌👍😎 gran video

I worked for 20 years for BP and here are some simple facts to remember. First, i will speculate on what most oil companies think is a fair price. $75 a barrel. Here is why. The location of your rig means everything for your profit. If you are a deep well platform in the Gulf of Mexico some of those lines are going 4-5 miles deep. That is expensive drilling folks at around $50-55 a barrel. Now, compare that to an old crude field in Saudi Arabia and that cost about $5 a barrel to drill. Saudi will not release what they have left but we know they are getting lower after 75 years of drilling. That's why companies are constantly roaming the Earth for new fields as they run dry and OFTEN. Btw, guess what was found in 2010 in Ukraine? The second largest crude oil deposits in Europe. Mostly in the eastern section but one big deposit in the western mountain area. Guess where Putin did his Ph.D at ? St.Petersburg Mining University in 1997. He understands the world of crude oil mining very well folks...(he is also a lawyer and KGB agent as we know.) It seems oil has caused another war and this one is just heating up my friends. I love the 8th grade drop outs in America who blame Biden for high crude prices (same with PM Johnson in GB.) These prices are set on a world market and have nothing to do with one country. Example. USA produces 15 1/2 million barrels (42 gal a barrel) a DAY yet we export most of it as gov has nothing to do with it. Another fox news example for you. The ill fated Keystone XL oil pipeline from the tar sands of Canada. The word tar sands should be a key for you. In the oil business there are 4 grades of crude and this type is what we call a heavy sulfur crude used mostly for diesel. The video dumbed it down for a quick lesson but heavy crude like this takes WAY to much distilling for gasoline so they only use it for diesel. Plus the Keystone was all for export but the rightwing would not hear of it as fox news never told them. Compare that crude oil to what we call "sweet" crude oil used for gasoline found mostly in Texas Permian basin. Very easy to distill into gasoline. Needless to say the oil business is complicated and deadly.

Hi From Saudi Arabia

Saudi will soon, for the first time, be offering Tourist Visa's. For the last 3 years they have hosted a very large music festival. The whole country is changing ready for the tourism.

@willvr4

2 жыл бұрын

Who the hell wants to travel to Saudi? The only people who go there, go to visit family or for employment.

@culloden1745

2 жыл бұрын

@@willvr4 Saudi is the only (I think) country that has not allowed tourism. (Apart from Umrah and Hajj) There are many people who will want to see this newly opened country. Apart from the historical aspects, the country has modernised a lot and will continue to modernise. People said the same about Dubai many years ago and now look at it. At the moment there are a lot of places in Saudi that are still behind but Jeddah and Riyadh have changed a lot. You might not want to go there based on your prejudice but many will.

They’re paying 8 cents a gallon in Venezuela today.

@willvr4

2 жыл бұрын

So they can go to the store where there is no food or medicine. There's a ton of illegal gas traffickers crossing over into Columbia to sell it at a much higher price. It's a dangerous business.

On Venezuela, that country is poor because of USA has sanctioned them. Just imagine what is the reason or excuse US use??? Country is run by dictator so they will not trade with them. What about China???? US talk with them, Pakistan was used to run by Military dictator US have them money and weapons, Saudi Arabia is run by a dictator yet US have a pretty good relationship with them. So issue is not a dictator issue is US doesn’t like him. and want its neighborhood poor

🇺🇸

6:50 50% is actually a very good ratio of payment for the 'home' country. The Saudis negotiated hard to get a deal like that and to this day a lot of oil producing nations dream of getting such a good deal.

@callowaymotorcompany

2 жыл бұрын

Im pretty sure the saudis keep 95% of profit. 80% royalties, 15% taxes.

Thought this was a good overview until it started preaching and lecturing.

could you pick a more boring topic?? oh my gosh

@user-lf7nf3kl7t

2 жыл бұрын

I found it interesting 🤔

@jchristif

2 жыл бұрын

It’s a current topic… your opinion isn’t everyone’s. Duh 🙄

@mackymintle7806

2 жыл бұрын

The more you know… the better chance your opinion isn’t steeped in bias and ignorance… Seems like a sound idea.

@Whateva67

2 жыл бұрын

Are you volunteering your life story?😆

@mackymintle7806

2 жыл бұрын

@@Whateva67 you first