OT Oil Prices down to $1 a barrel!

Discussion in 'Blazers OT Forum' started by magnifier661, Apr 20, 2020.

  1. jonnyboy

    jonnyboy Well-Known Member

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    Oil goes bad. It’s an organic substance that exists at an extremely high temperatures and even higher pressures deep within in the earth. It eventually changes chemically when not in its natural state.
     
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  2. magnifier661

    magnifier661 B-A-N-A-N-A-S!

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    I didn’t know that. How long does it take to go bad?
     
  3. jonnyboy

    jonnyboy Well-Known Member

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    I’m not 100% sure, but after working a number of years in the oil industry the consensus was that it does indeed go bad. I’ve heard varying theories from months to years.
     
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  4. magnifier661

    magnifier661 B-A-N-A-N-A-S!

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    Totally, I mean it’s organic, therefore common sense would mean it decomposes. I’m just curious by how much.
     
  5. kjironman1

    kjironman1 Well-Known Member

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    As good an explanation as Cramer came up with. I certainly could see that.
     
  6. kjironman1

    kjironman1 Well-Known Member

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    Maybe you should reconsider Tennessee just decided to open back up this week.
     
  7. kjironman1

    kjironman1 Well-Known Member

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    No.
    Gasoline can expire and drop in grade but Crude oil does not go bad unless exposed to the elements. Packaged or contained correctly it will last a very very long time.
     
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  8. wizenheimer

    wizenheimer Well-Known Member

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    "ExxonMobil states, "In general, the recommended shelf life for oils and greases is typically five years when stored properly in the original sealed containers."

    https://petroleumservicecompany.com/blog/oil-storage-oil-shelf-life/

    now, that is for refined oil(s)....I think

    "
    When you consider that most of it is thousands of years old if not more, the simple answer is that no, it does not go bad! But exposure to oxygen, bacteria, sunlight or other types of energy sources transforms it. An asphaltic type crude will lose the lighter fractions and become more tar like ( think of the La Brea tar pits In California), a napthanic crude will mostly evaporate away until only the heavier fractions are left as will a paraffinic based crude.

    So crude oil does not expire but it can be transformed over time when exposed to the elements
    !"
    **********************************************

    Allin Trevor, Professional Engineer
    Answered Oct 14, 2019 · Author has 163 answers and 36.1k answer views
    "No. Unprocessed crude oil is already several million years old, another few years aren't going to make it go bad. It can lose the lighter components if it is stored uncovered, so make sure you store it hermetic.

    Refined products, such as gasoline can break down as lighter distillates evaporate
    ."

    I don't know if any of this is accurate
     
  9. SharpesTriumph

    SharpesTriumph Well-Known Member

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    But crude oil cannot be pumped back into an old depleted oil reserve for long term storage; right? That's what johnyboy was responding to.
     
  10. stampedehero

    stampedehero Make Your Day, a Doobies Day Staff Member Moderator

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    Trump briefly mentioned that our strategic reserve will be filled to capacity. The other aspect is that oil makes plastics and road asphalt Since we have a downturned economy; those markets are affected too.
     
  11. stampedehero

    stampedehero Make Your Day, a Doobies Day Staff Member Moderator

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    The oil people are using expiration dates like it's a food product. No One can believe that.
     
  12. jonnyboy

    jonnyboy Well-Known Member

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    That’s a Reddit post.
     
  13. jonnyboy

    jonnyboy Well-Known Member

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    Yes, oil is “millions of years old”. But it also exists naturally a mile deep in the earth at 300 degrees and up to 10,000 psi. It doesn’t just stay in the same state forever when you expose it to oxygen, low temperatures and low pressure at the earths surface.
     
  14. Lanny

    Lanny Original Season Ticket Holder "Mr. Big Shot"

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    I just bought a Republican Repellent Hybrid. It's a Volvo XC90 with the T8 hybrid engine.
     
  15. Lanny

    Lanny Original Season Ticket Holder "Mr. Big Shot"

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    Yes, and they should buy every drop, too.
     
  16. kjironman1

    kjironman1 Well-Known Member

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    Yes it is. Doesn't make it wrong. It just contained a number of links on the subject. There are hundreds of other links. Oil if stored properly and kept from the elements will last longer than your lifetime. Does it really matter after that? If you store crude oil in an open bucket it will not last. If you cap and seal the bucket it will.
     
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  17. SharpesTriumph

    SharpesTriumph Well-Known Member

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    So it sounds like jonnyboy was right you cant just store it out in the open or in a hole in the ground it will go bad if not stored properly.
     
  18. UncleCliffy'sDaddy

    UncleCliffy'sDaddy We're all Bozos on this bus.

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    Nah. Health wise I am more susceptible than some my age (cardiac issues). And I believe in social distancing, not Russian Roulette. Too, the particular Joe Bubba states I was going to visit were far less proactive (more stupid???) in terms of safety measures than more enlightened states. They apparently care more about the tourist’s pocketbooks than their health. Fuck ‘em. I doubt things are going to be “normal” for awhile, so I’m using part of my travel fund to make home life more enjoyable (outdoor gas fire table, new work bench, etc) and stimulate the economy while this thing plays out. Hopefully I can hit the road again this fall (assuming the wife doesn’t wipe out the rest of this year’s travel budget)......and there’s always next year......or next year’s virus.......
     
  19. Hoopguru

    Hoopguru Well-Known Member

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    Black gold, Texas tea....
     
  20. CupWizier

    CupWizier Well-Known Member

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    Finished products such as oil, greases, gas and diesel all have a shelf life and can go bad. I was in the industry for almost 30 years and distributed Chevron and Mobil oil products.
     
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