It's true that mode than 50% of energy is lost in the conversion process. Coal based electricity generation is supposed to convert only 32-38% of the total energy in coal. Combined cycle technology raised this to 40-45%. Even so we loose half the energy. Further, there are energy losses in transmission and even in the use of electricity. Ditto for gas.
Any technology that can reduce this loss will make a lot of money for the company selling it as well as help the environment.
On Sep 02 11:23 PM jtareen wrote:
> According to a latest magazine, I happened to browse through at a > local book store, 53% of total energy is lost and never used. This > includes oil, gas, electricity etc etc. To me it seems that we need > to focus more on efficiency and energy optimization as well.
Patterson-UTI Energy: Rig Numbers Indicate Drop in Oil and Gas Exploration [View article]
I agree with you view, but the land and shallow water drilling segments (jack-ups) are still showing signs of weakness. Also, note that rates in the deepwater segment will see some weakness as new rigs join the fleet.
I present here a few quotes from the OII 2008 10K filing: --> For 2009, we expect the demand for many of our deepwater oilfield services and products will decrease, with the exception of our ROV services. ---> According to industry data published by ODS-Petrodata, at the end of 2008 there were 211 floating drilling rigs in the world. Ninety-eight additional floating rigs were on order and scheduled to be delivered through 2012, and 70 of these have been contracted long-term, for an average term of over six years.
The 28 remaining floaters that will come into service by end 2012 are currently uncontracted and could be a cause of concern for the older floaters.
On the way to the peak oil prices, we have seen fresh contracts for 30 year old rigs at $450K per day. Also, rigs would get mobilization payments as well as payments for idle days. Drilling companies are, today, no longer getting payments for idle days.
Fundamentals could get weaker, but the stocks may have already bottommed out.
On Jun 04 12:15 PM biomedlives wrote:
> I believe the deepwater drillers - RIG, ATW, NE, DO - are much more > attractive now.
Marathon Oil Making the Right Moves [View article]
Thank you for pointing out the error.
On Apr 21 11:38 AM Rohan C. Pease wrote:
> Petronas and Petrobras are two different state oil entities, the > former in Malaysia; the latter and more well known is Brazil's Petro > Brasilerio which trades on the NYSE.
Stillwater Mining: A Bet on Higher Palladium Prices [View article]
Brazilian Ethanol Takes a Hit [View article]
I did not know of these facts when the seekingalpha.com/insta... article was written.
A query to whoever can help - Any place\site\book that one can study the economics of corn-based ethanol production?
Wood Energy: The New Renewable? [View article]
Any technology that can reduce this loss will make a lot of money for the company selling it as well as help the environment.
On Sep 02 11:23 PM jtareen wrote:
> According to a latest magazine, I happened to browse through at a
> local book store, 53% of total energy is lost and never used. This
> includes oil, gas, electricity etc etc. To me it seems that we need
> to focus more on efficiency and energy optimization as well.
Patterson-UTI Energy: Rig Numbers Indicate Drop in Oil and Gas Exploration [View article]
I present here a few quotes from the OII 2008 10K filing:
--> For 2009, we expect the demand for many of our deepwater oilfield services and products will decrease, with the exception of our ROV services.
---> According to industry data published by ODS-Petrodata, at the end of 2008 there were 211 floating drilling rigs in the world. Ninety-eight additional floating rigs were on order and scheduled to be delivered through 2012, and 70 of these have been contracted long-term, for an average term of over six years.
The 28 remaining floaters that will come into service by end 2012 are currently uncontracted and could be a cause of concern for the older floaters.
On the way to the peak oil prices, we have seen fresh contracts for 30 year old rigs at $450K per day. Also, rigs would get mobilization payments as well as payments for idle days. Drilling companies are, today, no longer getting payments for idle days.
Fundamentals could get weaker, but the stocks may have already bottommed out.
On Jun 04 12:15 PM biomedlives wrote:
> I believe the deepwater drillers - RIG, ATW, NE, DO - are much more
> attractive now.
Marathon Oil Making the Right Moves [View article]
On Apr 21 11:38 AM Rohan C. Pease wrote:
> Petronas and Petrobras are two different state oil entities, the
> former in Malaysia; the latter and more well known is Brazil's Petro
> Brasilerio which trades on the NYSE.