Oil crosspost from Hyatt's forum

greenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread

http://www.michaelhyatt.com/discuss/ubb/Forum35/HTML/000288.html

Starts with crosspost from here, then has some (new?) info and other links.

My apologies if this is old news, but it's hard to follow the legitimate news here these days.

Comments?

-- getting (dicey@oil.cos), January 06, 2000

Answers

Looks like R.C, is right on the money. OH well, we could HOPE he was wrong.

C

-- Chuck, a night driver (rienzoo@en.com), January 06, 2000.


The logic on that board makes TB2000 look like a local chapter of MENSA.

-- Butt Nugget (catsbutt@umailme.com), January 06, 2000.

RC or Downstreamer or whoever::

Forgive my ignorance (twice in 24 hours, well a red letter day)

Dumb question number 76 (and since it's multi part we'll reserve thru 85):

Is there a conversion from bbl to gal?? in terms of crude??

Is there a stable relation between bbl and gal of distilate?? (Given that if the output mix changes from K1 to gasoline to #2 or #3 or JP4 or some combination there would be a difference in gal output)

I understand that the production figs are in bbl of input (err is even THAT corect).

thanks for helping with oil Pre-101.

Chuck

-- Chuck, a night driver (rienzoo@en.com), January 06, 2000.


I believe that ONE barrel (bbl) = 40 gallons.

-- Dennis (djolson@pressenter.com), January 06, 2000.

One barrel equals 48 gallons of which about 19 gal. will be gasoline after refining.If you look into this you will find that the amounts of gas,kerosene,etc. are pretty well set in stone.

-- Paul Mika (tigerpm@netscape.com), January 06, 2000.


1 barrel of oil = 42 US gallons

In response to "Is there a stable relation between barrels and gal of distilate?"

The answer is no. It varies depending on the type of feedstock(sour or sweet crude) and the quality (high or low gravity, ect) of the feedstock and the specific refinery process in question.

Matt, a petroleum engineer in West Texas

-- Matt (eagle1@gwe.net), January 06, 2000.


Matt's right.

1 barrel of crude = 42 gallons of gasoline, heating oil, jet fuel or any other liquid coming off a refinery stream.

If your watching the oil futures, 1 NYMEX crude contract = 1,000 barrels. One NYMEX gasoline or heating oil contract = 42,000 gallons so they're the same size. If you want to see if the gasoline price is moving up relative the crude price (like it is now- big time). Just multiply the cents / gallon move (products) by 42 or divide the $1 / barrel (crude) price by 42. i.e. 1 cent / gal on the NYMEX gasoline = a 42 cent/ barrel move on the crude. Is that clear as Six Oil (The heavy resid that's left at the bottom of the crude unit & won't distill)?

Lots of different grades of crude so lots of different product yields but on a nationwide average 1 barrel of crude refines out to 55% gasoline, 25% heating oil or diesel, 7 % jet fuel or kero and maybe 20% light ends, heavy ends and other stuff. Oh its more than 100%? That's right - due to cracking, catalysts and other extending processes.

-- Downstreamer (downstream@bigfoot.com), January 06, 2000.


Mor e kewl oil market stuff

-- Downstreamer (downstream@bigfoot.com), January 06, 2000.

Butt Nugget (what a nasty handle!) - The thread linked here to Michael Hyatt's board, if read in its entirety, shows a high degree of good thinking on the part of its participants. You just love posting hateful things, and I think your handle is well chosen indeed.

-- Elaine Seavey (Gods1sheep@aol.com), January 06, 2000.

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