Water Cooler Talking Point: “OPEC is the commodities
market equivalent of FIFA. Its members are mostly Bond villain types and
eventually, the whole corrupt house of cards will come tumbling down.”
(BroBible.com)
Showing posts with label oil. Show all posts
Showing posts with label oil. Show all posts
Thursday, June 7, 2018
Friday, November 10, 2017
A Type Of Recycling That Should Be More Publicized
Here's What Happens To Your Used Oil Filters
First, the oil filters are collected. This varies in every recycling company, but Lucas Lane collects used filters in 55 gallon oil drums they provide to car dealerships, mechanic shops, and whatever other place would dispose of oil filters. This is where some of the excess oil is collected.
Next, the filters are compressed into neat little cubes to squeeze out the last little bit of oil. Even after being crushed into a square, there’s still a bit of excess oil. That’s where they bring out the heat.
Finally, the now cubed filters are brought into a large oven, known as a thermal processing machine, where they are heated to 1,300 degrees where all the oil is forced out into collection receptacles at the bottom of the processor. A secondary chamber heats up to well over 1,700 degrees to burn off any excess vapors or fumes. This final stage of the process can get over 700 gallons of used oil. This leaves little cubes of now oil-less steel that can be used for all manner of manufacturing and used oil that can still be utilized.
(Jalopnik.com)
First, the oil filters are collected. This varies in every recycling company, but Lucas Lane collects used filters in 55 gallon oil drums they provide to car dealerships, mechanic shops, and whatever other place would dispose of oil filters. This is where some of the excess oil is collected.
Next, the filters are compressed into neat little cubes to squeeze out the last little bit of oil. Even after being crushed into a square, there’s still a bit of excess oil. That’s where they bring out the heat.
Finally, the now cubed filters are brought into a large oven, known as a thermal processing machine, where they are heated to 1,300 degrees where all the oil is forced out into collection receptacles at the bottom of the processor. A secondary chamber heats up to well over 1,700 degrees to burn off any excess vapors or fumes. This final stage of the process can get over 700 gallons of used oil. This leaves little cubes of now oil-less steel that can be used for all manner of manufacturing and used oil that can still be utilized.
(Jalopnik.com)
Tuesday, October 24, 2017
Thursday, August 10, 2017
That's Making Something Out Of Nothing
Back with The Frack
With oil hovering below $50 a barrel, it might surprise you that U.S. oil companies are doing well. Just take a peek at Exxon.
Despite a share price that’s been stuck in a rut (down 12% this year), Exxon posted second quarter profits of $3.35 billion, up from $1.7 billion in Q2 last year. So, what’s been the secret sauce?
A shift toward short-term strategies like fracking and deepwater drilling. U.S. oil companies are moving from long-term, high upfront cost productions to “short cycle” operations as they prepare for a world, where oil never returns to $100 a barrel.
And with Exxon posting its strongest quarter since the 2014 price crash, it looks to be paying off.
(BroBible.com)
With oil hovering below $50 a barrel, it might surprise you that U.S. oil companies are doing well. Just take a peek at Exxon.
Despite a share price that’s been stuck in a rut (down 12% this year), Exxon posted second quarter profits of $3.35 billion, up from $1.7 billion in Q2 last year. So, what’s been the secret sauce?
A shift toward short-term strategies like fracking and deepwater drilling. U.S. oil companies are moving from long-term, high upfront cost productions to “short cycle” operations as they prepare for a world, where oil never returns to $100 a barrel.
And with Exxon posting its strongest quarter since the 2014 price crash, it looks to be paying off.
(BroBible.com)
Wednesday, February 3, 2016
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