New Technology that Will Cut the Price of Oil in Half?

Will we really benefit from this technology?

  • The technology has no future

    Votes: 0 0.0%

  • Total voters
    3

markwit3

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Nov 18, 2010
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New technologies are arriving in the world at a rapid rate as borders disappear between societies and countries, and the worldwide web continues to expand. These innovations come from the progressive human consciousness that includes us all. Meanwhile large organizations are shaping and editing where they will fit into the picture. How else can they make sure that they can keep on expanding and exploiting the society? The dinosaurs that guard the gates of the past might possibly lose billions of dollars, if the new technologies dare to affect their bottom lines negatively. This lesson is true for all fields of human involvement but mostly for the oil industry. The major corporations that pull oil from the ground have had a greater negative impact on the earth than any other industry.

Oil can be attributed as a cause to war, to natural disasters, to global climate change, to smog and pollution, as well as corruption in government and economic policies that have spun the world toward an economic collapse. Imagine what you could be doing with the money if you weren't spending a large portion of it weekly on getting to and fro. You could buy a better Christmas gift for your kid or a cooler car for yourself. You could get a nicer house or buy a new TV. If countries weren't fighting each other for oil then militaries would not end up wasting so much of the taxpayers’ dollars keeping their war machines up and running.

Oil obviously is an essential part of the current world’s daily routine. It is a necessity. Mainly because corporations have worked so hard to make it so. Progressive ideas in the United States have been squashed so that oil will stay a central part of the U.S. way of life. Take for example the electric car or light rail, wind energy and solar power. All these new technologies lack funding from the federal government mainly because corporate lobbyists from big oil, auto, and steel work so hard to keep the new technologies off the table and away from the public eye.

With that in mind a new technology that could revolutionize the oil industry and make oil more affordable to everyone is on the table. Testing has been taking place in California on a new "Viscoil Technology" that is capable of increasing the yield of distillates from heavy and medium petroleum crude and petroleum crude blends. This new technology is the optimum solution that will make the life of the burdened consumer much easier. Viscoil has developed a proprietary method that will cut the cost of oil processing in half. It means that instead of paying 2.3 USD a gallon at a gas station, you might be paying 1.5 USD a gallon. It means that you might spend your gas money on groceries, vacations or whatever you, and just you, will choose to spend it on. This method is known as "Viscoil Technology" and has the U.S. Patent Application number 61/295.225.

This money-saving technology is available for everybody, not only the US or Europe. The people of countries such as Ecuador or Bolivia could benefit greatly from this technology. The new technology could mean better access to education, healthcare, and social programs that mean so much to people who have so little.

Unfortunately the oil industry has no desire to see this new technology implemented. Why would it? This technological advance would cut into their profits and cause them to possibly lower the price they charge for the oil they sell. The dinosaurs that lobby in the halls of Congress have no intention of making less money even if it would serve a greater public good. They have their own interests at heart. They have no intention of helping the U.S. lower its carbon footprint or pull out of the Middle East. After all would the U.S. really be there if they didn't have oil. The oil industry has helped shaped the misguided U.S. foreign policy that has led to so much death and misery. Oil is sadly the Achilles Heal of the West. Western powers chase it like a drug addict chases his next fix, abandoning principles and morality along the way. I give the oil companies one year to destroy the basic principles of the technology or to change it so that we, people, will never benefit from it. Just one year.

I am proposing an experiment. Let us watch to see what the oil industry chooses to do over the coming year with the new technology at their disposal. Will they embrace it? Will they ignore it? Will they make it go away? I bet they will attempt to make it go away. For utilizing it would thin their already fat wallets. I’m curious what others think. Hence, this post. The future is wide open. Let's see what happens.
 
The price of a product is the cost of bringing on the marginal producer against the needs of the marginal buyer.

I don't see this making much of a difference
 
It feels good to pretend that technology can and will save us. It's like insisting that some radical new holistic procedure can cure a terminal cancer patient, if we just fly to the South Pacific Island and pay up.

It takes some 25-30 years to transition an energy infrastructure to something else, if we started today. Meanwhile, we have about 5-10 years before collapse, due to the panic before rapidly shrinking oil reserves. This is already underway.

Meanwhile, we haven't even acknowledged that there IS a problem, NOR settled on a solution.

Oil is the most versatile, efficient natural resource in human history. Most of the alternatives you mention require ever more fossil fuels to make and maintain, and none of them will provide what crude does for complex societies. The fact that we've wasted over half of it in some 125 years really underlines man's profound hubris. The second half won't last 125 more years. Instead, perhaps 10.

The only short-term solution is painful crash-course conservation initiatives. But our gluttonous society is far too deep in denial to ever willfully embark on that. In fact, our entire economy is utterly DEPENDENT upon greed and consumption. So there's very little chance we'll ever "cut back" and "save."
 
Last edited:
New technologies are arriving in the world at a rapid rate as borders disappear between societies and countries, and the worldwide web continues to expand. These innovations come from the progressive human consciousness that includes us all. Meanwhile large organizations are shaping and editing where they will fit into the picture. How else can they make sure that they can keep on expanding and exploiting the society? The dinosaurs that guard the gates of the past might possibly lose billions of dollars, if the new technologies dare to affect their bottom lines negatively. This lesson is true for all fields of human involvement but mostly for the oil industry. The major corporations that pull oil from the ground have had a greater negative impact on the earth than any other industry.

Oil can be attributed as a cause to war, to natural disasters, to global climate change, to smog and pollution, as well as corruption in government and economic policies that have spun the world toward an economic collapse. Imagine what you could be doing with the money if you weren't spending a large portion of it weekly on getting to and fro. You could buy a better Christmas gift for your kid or a cooler car for yourself. You could get a nicer house or buy a new TV. If countries weren't fighting each other for oil then militaries would not end up wasting so much of the taxpayers’ dollars keeping their war machines up and running.

Oil obviously is an essential part of the current world’s daily routine. It is a necessity. Mainly because corporations have worked so hard to make it so. Progressive ideas in the United States have been squashed so that oil will stay a central part of the U.S. way of life. Take for example the electric car or light rail, wind energy and solar power. All these new technologies lack funding from the federal government mainly because corporate lobbyists from big oil, auto, and steel work so hard to keep the new technologies off the table and away from the public eye.

With that in mind a new technology that could revolutionize the oil industry and make oil more affordable to everyone is on the table. Testing has been taking place in California on a new "Viscoil Technology" that is capable of increasing the yield of distillates from heavy and medium petroleum crude and petroleum crude blends. This new technology is the optimum solution that will make the life of the burdened consumer much easier. Viscoil has developed a proprietary method that will cut the cost of oil processing in half. It means that instead of paying 2.3 USD a gallon at a gas station, you might be paying 1.5 USD a gallon. It means that you might spend your gas money on groceries, vacations or whatever you, and just you, will choose to spend it on. This method is known as "Viscoil Technology" and has the U.S. Patent Application number 61/295.225.

This money-saving technology is available for everybody, not only the US or Europe. The people of countries such as Ecuador or Bolivia could benefit greatly from this technology. The new technology could mean better access to education, healthcare, and social programs that mean so much to people who have so little.

Unfortunately the oil industry has no desire to see this new technology implemented. Why would it? This technological advance would cut into their profits and cause them to possibly lower the price they charge for the oil they sell. The dinosaurs that lobby in the halls of Congress have no intention of making less money even if it would serve a greater public good. They have their own interests at heart. They have no intention of helping the U.S. lower its carbon footprint or pull out of the Middle East. After all would the U.S. really be there if they didn't have oil. The oil industry has helped shaped the misguided U.S. foreign policy that has led to so much death and misery. Oil is sadly the Achilles Heal of the West. Western powers chase it like a drug addict chases his next fix, abandoning principles and morality along the way. I give the oil companies one year to destroy the basic principles of the technology or to change it so that we, people, will never benefit from it. Just one year.

I am proposing an experiment. Let us watch to see what the oil industry chooses to do over the coming year with the new technology at their disposal. Will they embrace it? Will they ignore it? Will they make it go away? I bet they will attempt to make it go away. For utilizing it would thin their already fat wallets. I’m curious what others think. Hence, this post. The future is wide open. Let's see what happens.

I suspect that if the entire oil industry doesn't collude on some kind of conspiracy to rape everybody else that if such a technology becomes available, that every distiller on earth will install it.

Because if ONE does that, his advantage will be so enormous that all must follow.

So you ARE right.

Watching to see if this technology becomes real, and if it does, if it is implemented will tell us MUCH about whether or not the petroleum industry is a huge club of conspirators.
 
The price of a product is the cost of bringing on the marginal producer against the needs of the marginal buyer.

I don't see this making much of a difference
Well, if the processing cost is reduced, shouldn't the price be reduced as well? Of course it should be! The question is - will it? Probably no - since the ones who are at the top are not at all interested in losing the mullah. :cool:
 
It feels good to pretend that technology can and will save us. It's like insisting that some radical new holistic procedure can cure a terminal cancer patient, if we just fly to the South Pacific Island and pay up.

It takes some 25-30 years to transition an energy infrastructure to something else, if we started today. Meanwhile, we have about 5-10 years before collapse, due to the panic before rapidly shrinking oil reserves. This is already underway.

Meanwhile, we haven't even acknowledged that there IS a problem, NOR settled on a solution.

Oil is the most versatile, efficient natural resource in human history. Most of the alternatives you mention require ever more fossil fuels to make and maintain, and none of them will provide what crude does for complex societies. The fact that we've wasted over half of it in some 125 years really underlines man's profound hubris. The second half won't last 125 more years. Instead, perhaps 10.

The only short-term solution is painful crash-course conservation initiatives. But our gluttonous society is far too deep in denial to ever willfully embark on that. In fact, our entire economy is utterly DEPENDENT upon greed and consumption. So there's very little chance we'll ever "cut back" and "save."

You're totally right - we live in a very greedy society. And it's tough to cut back if you're used to somethin coming to you in the certain amount or quantity. But... maybe there's still a chance? This Viscoil technology looks like a pretty cool alternative. Yes, it won't happen overnight - but perhaps that's the solution we're all looking for?
 
New technologies are arriving in the world at a rapid rate as borders disappear between societies and countries, and the worldwide web continues to expand. These innovations come from the progressive human consciousness that includes us all. Meanwhile large organizations are shaping and editing where they will fit into the picture. How else can they make sure that they can keep on expanding and exploiting the society? The dinosaurs that guard the gates of the past might possibly lose billions of dollars, if the new technologies dare to affect their bottom lines negatively. This lesson is true for all fields of human involvement but mostly for the oil industry. The major corporations that pull oil from the ground have had a greater negative impact on the earth than any other industry.

Oil can be attributed as a cause to war, to natural disasters, to global climate change, to smog and pollution, as well as corruption in government and economic policies that have spun the world toward an economic collapse. Imagine what you could be doing with the money if you weren't spending a large portion of it weekly on getting to and fro. You could buy a better Christmas gift for your kid or a cooler car for yourself. You could get a nicer house or buy a new TV. If countries weren't fighting each other for oil then militaries would not end up wasting so much of the taxpayers’ dollars keeping their war machines up and running.

Oil obviously is an essential part of the current world’s daily routine. It is a necessity. Mainly because corporations have worked so hard to make it so. Progressive ideas in the United States have been squashed so that oil will stay a central part of the U.S. way of life. Take for example the electric car or light rail, wind energy and solar power. All these new technologies lack funding from the federal government mainly because corporate lobbyists from big oil, auto, and steel work so hard to keep the new technologies off the table and away from the public eye.

With that in mind a new technology that could revolutionize the oil industry and make oil more affordable to everyone is on the table. Testing has been taking place in California on a new "Viscoil Technology" that is capable of increasing the yield of distillates from heavy and medium petroleum crude and petroleum crude blends. This new technology is the optimum solution that will make the life of the burdened consumer much easier. Viscoil has developed a proprietary method that will cut the cost of oil processing in half. It means that instead of paying 2.3 USD a gallon at a gas station, you might be paying 1.5 USD a gallon. It means that you might spend your gas money on groceries, vacations or whatever you, and just you, will choose to spend it on. This method is known as "Viscoil Technology" and has the U.S. Patent Application number 61/295.225.

This money-saving technology is available for everybody, not only the US or Europe. The people of countries such as Ecuador or Bolivia could benefit greatly from this technology. The new technology could mean better access to education, healthcare, and social programs that mean so much to people who have so little.

Unfortunately the oil industry has no desire to see this new technology implemented. Why would it? This technological advance would cut into their profits and cause them to possibly lower the price they charge for the oil they sell. The dinosaurs that lobby in the halls of Congress have no intention of making less money even if it would serve a greater public good. They have their own interests at heart. They have no intention of helping the U.S. lower its carbon footprint or pull out of the Middle East. After all would the U.S. really be there if they didn't have oil. The oil industry has helped shaped the misguided U.S. foreign policy that has led to so much death and misery. Oil is sadly the Achilles Heal of the West. Western powers chase it like a drug addict chases his next fix, abandoning principles and morality along the way. I give the oil companies one year to destroy the basic principles of the technology or to change it so that we, people, will never benefit from it. Just one year.

I am proposing an experiment. Let us watch to see what the oil industry chooses to do over the coming year with the new technology at their disposal. Will they embrace it? Will they ignore it? Will they make it go away? I bet they will attempt to make it go away. For utilizing it would thin their already fat wallets. I’m curious what others think. Hence, this post. The future is wide open. Let's see what happens.

I suspect that if the entire oil industry doesn't collude on some kind of conspiracy to rape everybody else that if such a technology becomes available, that every distiller on earth will install it.

Because if ONE does that, his advantage will be so enormous that all must follow.

So you ARE right.

Watching to see if this technology becomes real, and if it does, if it is implemented will tell us MUCH about whether or not the petroleum industry is a huge club of conspirators.

Yes, that would be a great experiment! That way we can tell for sure - look, they're here not to serve us, but to rip us off! I really hope this Viscoil technology becomes a reality at some point!
 
As a proponent of Viscoil, a company specializing in state-of-the-art oil refining technologies, I would suggest that developing countries be more involved in the production and refining of their own medium and heavy crude oils. Such self-sufficiency would contribute to the economic well-being of developing countries, while simultaneously causing large petroleum corporations to see their profit margins decline.
For example, Brazil produces 2.4 million barrels of oil per day, including 2 million barrels of heavy crude from offshore. If we assume that the utilization of Viscoil technology would increase profits before taxes by $7 per barrel (due to increases in distillate yields), the additional profit would then be $14 million per day, which is equivalent to $5 billion per year. This would mean that the government-controlled petroleum company Petrobras, which is a major oil company in Brazil, could buy expensive drilling equipment and refineries, while also investing in the development of Brazil’s critical infrastructure. Consequently, the Brazilian government would no longer need support from foreign oil companies to develop its oil fields.
In addition, developing countries would be able to independently operate vertically integrated companies involved in the production, refining, and transportation of crude. These new companies would be able to conduct policy at the world oil market, as well as defend their economic interests at international summits. At the same time, the influence of large petroleum companies, such as ExxonMobil, Shell, and ConocoPhillips would significantly decrease or fade way completely. Judge for yourself: in 2009, ExxonMobil earned $19.7 billion in net profits, while Shell earned $12.7 billion, and ConocoPhillips earned $4.9 billion. All three companies received approximately 80% of their net income from international operations. Now, let us assume that developing countries could independently produce and refine their own crude oil, and then sell it as gasoline, diesel, and jet fuel to the world markets. This would mean that the net incomes of ExxonMobil, Shell, and ConocoPhillips would decline to roughly $4 billion, $2.5 billion, and $1 billion, respectively. At the same time, the net incomes of developing countries would rise by $30 billion annually, as a result of reallocation of resources from only these three companies. Furthermore, due to the utilization of economically-efficient Viscoil technology, net incomes could increase by at least $10 billion, which would aggregately total $40 billion annually. Therefore, the net incomes of petroleum companies from developing countries would be at least five times higher than those of the (former) petroleum giants. Consequently, companies such as ExxonMobil, Shell, and ConocoPhillips would become medium or small companies, or would be acquired by newly emerged petroleum holdings.
If developing countries could become more self-sufficient in the production and refining of their own medium and heavy crude oils, they would experience widespread economic benefits. Income from the oil sector would enable them to develop their national economies, create new jobs, and carry out more effective social programs. At the same time, the well-being of American families would also increase due to lower oil prices resulting from the utilization of Viscoil technology. Taking into consideration the fact that a typical American family spends about 18% of its disposable income on gasoline and motor fuel, Americans would benefit significantly. Question: who would not benefit from the utilization of Viscoil technology? Answer: top managers of petroleum companies, brokers, and speculators who do everything possible to keep oil prices at the highest-possible level. Obviously, this is because high oil prices result in higher profit margins for them. For example, in 2005 ExxonMobil declared the highest profit among American corporations in the history of the USA. At the same time, top managers and speculators are the ones to blame for the global economic crisis of 2008, and the subsequent deterioration of the well-being of American families. The notorious Enron case is another example of my point. Therefore, I am asking for help for all those who are interested in the prosperity of citizens all over the world, including developing countries, and global economic development to write to me at [email protected].
 
Heavy oils will not sustain the kind growth the capitalistic model utterly relies upon. They've been working on this technology for over 50 years, and have made about a 1 yard gain.

A 2:1 or even 3:1 EROEI will not maintain a model the depends upon 7% annual growth. They will try, out of desperation, but growth is over.
 
If we decrease demand they just increase the price.
But I wasn't talking about increasing the demand - I was talking about cutting the price of crude processing, and, therefore, the price on gas.

Naah Perhaps in half of what it is now, but it would go back up and will likely never go below $40.

And we already import refined gas because we cannot refine enough to support our current needs.
 

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