MercoPress. South Atlantic News Agency
YPF discovers shale in Chubut province, 1.000 km southeast of Vaca Muerta
At least 15 more shale oil and gas wells will be drilled in Argentina's Patagonia Chubut province over the next three years, a provincial official said on Thursday, a day after its first shale discovery was made public. Read full article
Comments
Disclaimer & comment rulesI 'Think' Chubut is an ideal area for this sort of thing... I don't 'Think' I would like to be living in a tin shack in a Villa Miseria in such an area living on porridge and single malt. http://ekostoriesdotcom.files.wordpress.com/2013/10/manufactured-landscapes-oil-field-plate-47.jpg?w=604&h=450
May 23rd, 2014 - 11:27 am - Link - Report abuse 0It must be really hard for Rgs that don't understand business to have all of this POTENTIAL oil reserves yet spend all of their free cash flow and more buying Oil and Gas.
May 23rd, 2014 - 11:35 am - Link - Report abuse 0My bet is they'll still be talking of the “Potential” in a decade or two.
Don't be foolish, yanqui.
May 23rd, 2014 - 11:53 am - Link - Report abuse 0Yanquilandia is doing something similar, buying oil and saving their own...
Why do you think that is?
We are a net exporter of oil so I have no idea what you are talking about. Argentina is using what's left of its very small reserves to TRY to keep the lights on.
May 23rd, 2014 - 11:58 am - Link - Report abuse 0I am hoping for a brutal winter in BA
http://www.eia.gov/dnav/pet/pet_move_wkly_dc_nus-z00_mbblpd_w.htm
May 23rd, 2014 - 12:20 pm - Link - Report abuse 0I was going to ask if you always talk bollocks, then I remembered you are yanqui...
http://www.eia.gov/dnav/pet/pet_move_wkly_dc_nus-z00_mbblpd_w.htm
Here it is explained it words, should you have difficulties with numbers (which I know you do).
From US Energy Information Administration.
In 2011, the United States imported 2.4 MMbd of petroleum products such as gasoline, diesel fuel, heating oil, jet fuel, and other products while exporting 2.9 MMbd of products, making the United States a net exporter of petroleum products.
May 23rd, 2014 - 12:40 pm - Link - Report abuse 0www.eia.gov/energyexplained/index.cfm?page=oil_imports
Er, isn't that what I said dufus?
Yanqui, dufus, “petroleum products” is an exquisite selection of the total oil import.
May 23rd, 2014 - 01:08 pm - Link - Report abuse 0Look at the first link I posted. It has data fredag Weekly data.
As for 11/04/14:
Export:
Crude: 67 barrels per day
Products: 3542 bpd
Total: 3609 bpd
Imports:
Crude: 8271 bpd
Products: 2018 bpd
Total: 10289 bpd
This IS something to look forward to. “Chubut collapses into underground caverns. Corpses already poisoned buried in one operation”.
May 23rd, 2014 - 01:14 pm - Link - Report abuse 0Silly retard, are you saying the link YOU provided is incorrect? We also import a lot of oil because we are one of the largest refiners in the world then export it as a premium product.
May 23rd, 2014 - 01:18 pm - Link - Report abuse 0That's why what you are showing me is irrelevant
We are a NET Exporter, your own link confirms it
dufus
You are a net importer. Don' be in denial...
May 23rd, 2014 - 01:27 pm - Link - Report abuse 0Look, same source.
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WRPNTUS2&f=W
Oops... Seems that practise of earning money from refined products is fairly new to you. 2012 was the first year you could call yourself “net exporter of oil products”.
You are STILL net importers of oil.
Dufus.
We import crude and turn it into Jet fuel that's we don't export crude you idiot.
May 23rd, 2014 - 01:38 pm - Link - Report abuse 0For example we take Venezuelan muck and turn it into diesel. You should at least understand that part.
So let me say it slowly Crude to Expensive finished Petroleum Products
Sounds like a very very good model to me.
Also we are increasing our oil production DAILY so yeah 2012 was the first year we EXPORTED more than we IMPORTED. And the trend is up for the foreseeable future.
You just don't want to see reality, do you?
May 23rd, 2014 - 01:54 pm - Link - Report abuse 0You deny this
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCRNTUS2&f=W
That results in this
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCRNTUS2&f=W
Now, how can you say, and I quote #4
“We are a net exporter of oil so I have no idea what you are talking about.”
When you since EIA keeps record, never have imported less than 5 million barrels per day of oil netto?
So, to conclude, you are net importers of oil, and you STILL have no idea what I am talking about...
Oh your problem is with the word oil.
May 23rd, 2014 - 02:14 pm - Link - Report abuse 0Sheesh, Okay my mistake, change“ oil” to “petroleum products”.
Feel better?
Go take a walk on the beach of Solimar maybe it will make you feel better
BTW where is that again?
Go easy on Stevie. He's trying to regain his equilibrium after using the wrong logins this week.
May 23rd, 2014 - 02:23 pm - Link - Report abuse 0Now he'll go super aggressive on these new threads so we'll forget about the threads he can't being himself to reply on any longer.
And if you wish to talk profit, yanqui, USA is at a net loss. A few pockets are being filled while the ordinary people pays for the war machine that assures the oil flow.
May 23rd, 2014 - 02:27 pm - Link - Report abuse 0So, unless you are in the oil business, and I mean in charge, you will never profit from your recently achieved title as “net importer of oil products”, because the bill is shared but not the profit.
Enjoy it.
14. It seems like there are a lot of posters having mental breakdowns right now as reality starts interfering with their years long delusional fantasies.
May 23rd, 2014 - 02:29 pm - Link - Report abuse 0Yawn? Why argue with a SA knuckle dragger, its pointless?
May 23rd, 2014 - 03:21 pm - Link - Report abuse 015. Stevie, You are so clueless, oil/mineral rights are privately owned in the USA. This oil boom has created a HUGE amount of new millionaires, not to mention it has driven up the USA GDP by 1% yoy for a couple years. Which means lots and lots of people are getting very very rich off of this.
May 23rd, 2014 - 03:30 pm - Link - Report abuse 0Not to mention our Nat Gas prices are at record lows and possibly the world's lowest consumer rate. Which is driving down mfg costs so that our higher salaries are now offset but lower fuel costs thereby making mfg in the USA LESS than in China!
You are really a very stupid guy. I feel sorry that you are so dumb. You must be very difficult to be around in person.
770 bbls a day? Whoop de doo, The well that Rockhopper drilled in the FALKLANDS 14/10-2 flowed for 18 hrs at a rate of 2000 bbs per day but was limited by equipment.( September 2010 ) The thing is , it is more expensive fracking and recovering oil than a conventional well.
May 23rd, 2014 - 04:08 pm - Link - Report abuse 0As Sheriffo of Chubutingham I must say....:
May 23rd, 2014 - 04:35 pm - Link - Report abuse 0Oil..., oil..., beautiful lovely oil....
http://www.youtube.com/watch?v=uFEKnmlyCS0
Unprofitable oil doesn't do Argentina much good now but at some point technology will overcome that.
May 23rd, 2014 - 04:42 pm - Link - Report abuse 0Not in enough time though
brr
@20
May 23rd, 2014 - 06:22 pm - Link - Report abuse 0Not in your lifetime will Argentina be self sufficient in energy, sunshine.
By highlighting what El Trebol has they seem to be accepting what Vaca Muerta lacks.
May 23rd, 2014 - 06:44 pm - Link - Report abuse 0US gov’t energy top dog was for a visit in the last 3 days and visited VM, but he was set to review a whole range of issues with CFK, not just find out how things in VM are marching.
http://www.inversorenergetico.com.ar/enviado-de-obama-cerro-con-cristina-una-inedita-mision-por-vaca-muerta/
The good news is that at least the costs seem to be going down as Chevron admits-
http://www.inversorenergetico.com.ar/enviado-de-obama-cerro-con-cristina-una-inedita-mision-por-vaca-muerta/
23. Drilling costs coming down, polispeak for they are still unprofitable and will be for awhile.
May 23rd, 2014 - 08:42 pm - Link - Report abuse 0Still nobody else announcing exploration...
its telling
yanqui, USA is fracking for oil all while the rest of the world glances at your water reserves thinking what no one wants to say.
May 23rd, 2014 - 08:54 pm - Link - Report abuse 0But hey! Last year you finally had a surplus in you oil products trade....
;)
It’s really hard to know what is going on, there is a hell of a lot of intrigues and clashes of influence and interests between Galuccio, the provinces, the central government and Bulgheroni.
May 23rd, 2014 - 09:05 pm - Link - Report abuse 0http://www.lanacion.com.ar/1692181-el-vamos-por-todo-de-galuccio
They seem to be fighting for the pieces of the pie that hasn't even being baked yet.
The big oilmen and the Americans are used to dealing with corrupt politicians and dictators all round the world...Are the Peronists far too dirty and untrustworthy for them??
Probably the “deal” Diego was referring to is yet another MOU with ENI.
25. Water reserves? WTF? You've obviously never been to the USA.
May 24th, 2014 - 01:36 pm - Link - Report abuse 026. Nobody is going to go all in until the Ks are gone. The game is to secure the rights and slow walk exploration until they are long long gone.
BCRA has had to stop paying for imports to buy “emergency” LNG shipments. They don't have anywhere near U$28B. Not anywhere near.
No need to be there, yanqui
May 24th, 2014 - 01:49 pm - Link - Report abuse 0It's not like you are doing anything differently from others...
http://www.theguardian.com/environment/2014/feb/05/fracking-water-america-drought-oil-gas
http://www.theguardian.com/environment/2014/feb/05/fracking-water-america-drought-oil-gas
http://www.theguardian.com/environment/2014/feb/05/fracking-water-america-drought-oil-gas
28. Only dimwitted econazis think fracking is exaserbating droughts. It must be hard for you to have all of these eco-ideals yet get paid by the very industry you despise.
May 24th, 2014 - 02:09 pm - Link - Report abuse 0BTW your prediction of the end of protests in Venezuela still have not come to fruition. Are you ever right about anything Think2?
yanqui
May 24th, 2014 - 02:14 pm - Link - Report abuse 0The poor rich will always protest from now on.
:)
The poor rich?
May 24th, 2014 - 02:26 pm - Link - Report abuse 0You are a retard.
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