The History Of The Pennsylvania Oil Boom And Petroleum Industry

I have an Associates in Liberal Arts. I have been a repo man, a fire fighter, a commercial diver and have finally setteled ( in my mid 30’s) on the oil business in Texas and abroad. At the moment I am a derrick man on an oil rig making really good money with excellent opportunity to advance. My question is, being too old to keep changing trades : Is the Oil Business in America going to keep booming for the next 20 years or so?

my guess is that, as long as we choose to drive automobiles powered by gasoline, we’ll have a need for oil….

Here is the question:
A flare boom is used to burn toxic gases on oil platforms. The maximum wind expected for the location of the platform during the life of the platform is 150 knots. If the cylindrical boom is 100 ft long and 1 ft in diameter, what will be the wind drag force on the boom during design wind conditions? Density of air is 0.075 lbm/ft^3 and viscosity is 0.1224E-4 lbm/sec ft. How do you do this problem?

the equation is in here
http://en.wikipedia.org/wiki/Drag_equation

enjoy

I work on a work-over rig and wanted some expert advise if whether the oil will boom up again to keep all exploration and production running like in past years.

Yes, for the simple reason that oil is denominated in dollars and the US dollar is being inflated. That doesn’t mean the "real" price will necessarily increase, though.

Typical roles I am talking about are senior developers, deevelopment and QA managers, Chieft Technical Officers, etc.

Do the currently booming growth sectors like energy (oil, gaes, etc), and mining / raw materials have a major need for senior/exec IT professioansl?

The banking sector employees some of the largest number of IT professionals, although a large proportion of these are unlikely to be based in the country where their software/security etc is actually used.

For example, the worlds biggest bank (HSBC, according to Forbes Top 1000 Global Banks) employs more software developers than Microsoft. Alot of the work is done in countries like China and India for the banks operations throughout the entire world, however there are still many hunderds of jobs in local sites, particularly the more high paid ones.

Hi I am a Mechnical Engg with more than 2 years of experience in Mechanical Design (CAD/CAE) . Now planning to do MS/ME(Distance learning)/MBA.
I had second thought in my mind, there is one more field booming up in India and is growing at a massive rate… Some of my frnds also working in this field (Oil and Gas).
So with this background, if I do MBA(Oil and Gas) what will be opportunities and growth for me…

Pl suggest me which one shld I opt and hw much Mech Engg can do well in Oil and Gas…….

Hope someone could help me in this. waiting for ur reply……..

If you are in college now, long before you finish your career there won’t be any more oil and gas to pump. I’d be careful about going into a field that is booming now but will eventually die out altogether.

Rising oil prices and a booming economy, the Kremlin is once again flexing it’s muscles. Putin realizes that Russia is once again a super power. He’s following the old Russian tradition, back to soviet style ambitions. Putin is gathering all power to himself. Russia is watching the former soviet nations, causing political turmoil within these nations and planning to acquire them into states in the near future. Russia’s back like it hasn’t been since the break-up of the soviet union more powerful than ever.

Although the cold war is over why is there still tensions between the West and Russia?

Why is Russia’s closest allies India and China but not western Europe or America?

Can there be a second cold war turning into a 3 world war?

Quietly and off the radar, Russia is rising steadily back into a super power. Putin is a very, very powerful man with ideas of returning to the days of the USSR. And make no mistake about it, he’s more than capable.
I think the cold war started up again a few years ago. Where it goes from here, I guess time will tell.
As for WW III, I think it’s inevitable that at some point tensions are going to flare, and we’ll probably see Russia "taking back" some of it’s former blocs while China moves on Taiwan.

Do Libs have no idea of how much oil the Chinese use?

Their economy has boomed and continues to do so.
All of the extra oil that the world continues to use does comes at a cost — right now it’s $100/barrel.
Chatter,

The trade-weighted dollar IS at the same level it was 10 years ago. I have a graph that I printed out a few days ago. Source: St. Louis Fed

Why do you assume that libs will think oil prices should be lower?

I’m a lib and I don’t think they should be lower.

Why are you speaking for me?
I know, its the one size fits all attitude.

Did you know that is a basic communist principle?
So my question to you is, how does it feel to be more of a communist then an American?

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To answer your question, future predictions have proven to be wildly wrong.
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Peace

Jim

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Does the fact that China can’t find enough oil to meet booming domestic demand have anything to do with the current hike in prices. China’s booming economy is becoming increasingly dependent on oil.
http://www.industryweek.com/ReadArticle.aspx?ArticleID=11451
China, the world’s second-largest energy consumer, now imports about 28 percent of its oil and gas from sub-Saharan Africa, compared with about 15 percent for the U.S.

http://money.cnn.com/2006/02/08/news/international/africa_fortune/
Currently, the country supplies 14 per cent of China’s oil imports, or 450,000 barrels a day. In the first 11 months of last year, China imported around 20.01 million tons of crude oil from Saudi Arabia.

http://www.chinadaily.com.cn/english/doc/2006-01/24/content_514887.htm
In the heated race to tap Africa’s oil resources, the Chinese are everywhere, despite unrest that has prompted others to pull back.
http://money.cnn.com/magazines/fortune/fortune_archive/2006/02/20/8369153/
Iran replaced Saudi Arabia as China’s top oil source in January, the South China Morning Post reported. Chinese customs figures showed crude imports from Iran reached 447,300 barrels a day in January, up 75% from a year earlier, while imports from Saudi Arabia rose 39%. China’s oil imports exceeded 97 million barrels in January, more than 14% of which came from Iran.
http://www.chinaeconomicreview.com/subscriber/newsdetail.php?id=6959

I work for an oil company in China and China now consumes about 8% of the world’s oil production as opposed to about 25% consumed in the US. We have extensive exploration rights but at the moment have several rich fields that are not adequate to satisfy the demands as the economy grows. Recent explorations suggest a tremendous gas field of many millions of cubic meters of gas and operations are beginning to tap that source. There are many other areas that are being explored and very likely China will become an exporter of oil rather than an importer. The growth of oil in China is reflected by international joint-venture companies such as Shell and others. I think your source of information is lacking facts as being on the scene the picture is somewhat different than painted in the article. I see platforms being constructed daily and each one is a sign that China is cutting its needs for imports.

*EDIT*

i messed up i meant thrusters

Preformed by Big-J(CEO of jmo453 productions)
includes:
Gmod:
http://www.garrysmod.com
http://www.garrysmod.org

Duration : 0:1:42

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Why is it so hard for exploration and production companies to find qualified employees in such a booming market?

Alberta is drawing so many of them in.