tag:blogger.com,1999:blog-8861605.post8430580026586006588..comments2024-03-24T11:01:27.668-04:00Comments on Resource Insights: Net vs. gross energy: Is it wise to be complacent?Kurt Cobbhttp://www.blogger.com/profile/05330759091950742285noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-8861605.post-60831381244633711072014-03-23T22:52:52.360-04:002014-03-23T22:52:52.360-04:00@anonymous “the good, the bad and the ugly in the ...@anonymous “the good, the bad and the ugly in the oil and gas industry Canadoil Thailand and the Sozzi Family” LOL. Do you have more stuff on this story? Can you send MP?<br />ThanksTim B.https://www.blogger.com/profile/06972714531989109931noreply@blogger.comtag:blogger.com,1999:blog-8861605.post-2424337536716783662014-03-17T06:27:38.927-04:002014-03-17T06:27:38.927-04:00Thank you Kurt for this article and for your work ...Thank you Kurt for this article and for your work as a whole.<br /><br />This short comment could be titled “the good, the bad and the ugly in the oil and gas industry Canadoil Thailand and the Sozzi Family”. For a short back ground: in the middle of the 2000s The canadoil group decided to build new factories in Thailand to support the Canadoil group growth strategy. Canadoil pipe, Canadoil asia and Canadoil plate were born. The business looked good but after a couple of years of activity the goals weren’t met. The company fell into default shortly after drawing down USD 150m of the Credit Suisse-arranged USD 250m facility in early 2011 ( Debtwire 11-Mar-14 by Chaim Estulin for a story summary). In short, the Canadoil business in Thailand is now dying and the Sozzis try to get as much money as they fill ridiculous USD 1.5 bn claims against the existing dying companies (500 employees). Giacomo Sozzi was already sent to trial in Canada for fraudulent management suspicions within Canadoil group of companies. It is also commented the direct and indirect transactions the Canadoil companies had been involved with Iran despite the UN bans…<br /><br />I personally work in the oil and gas industry and I totally am aware of the high costs also the huge profit this industry creates but our first purpose is to deliver energy everywhere to those in need. The point is I am getting mad at greedy guys like this. What do they think about? Those guys are responsible for the bad reputation this industry has.<br /><br />So yes fossil fuels are finite and it certainly is an impacting factor on prices but so are greedy management and lack of empathy.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8861605.post-30847773105016751242014-03-16T21:59:35.618-04:002014-03-16T21:59:35.618-04:00Kurt:
Net energy is the issue. Did you catch
Joh...Kurt:<br /><br />Net energy is the issue. Did you catch<br />John Thackara's post "Thriving on Fie Percent".<br /><br />ww.doorsofperception.com/infrastructure-design/energy-thriving-on-5/St. Royhttps://www.blogger.com/profile/14822406786308882472noreply@blogger.comtag:blogger.com,1999:blog-8861605.post-13381152355795062842014-03-16T19:45:42.753-04:002014-03-16T19:45:42.753-04:00Thanks Kurt! A useful reminder about how deceptiv...Thanks Kurt! A useful reminder about how deceptive production figures can be.<br /><br />I wonder, for example, when production from tar sands is examined, do they take into account the high proportion of solvent they add to the tar to make it fluid enough to pump south? The solvent is not part of the production as it just goes around in circles. But I suspect its double counted as 'production' at the border.<br /><br />If you search for 'EROEI peak oil', of course you will come across all the fine work done by your old friends at the Oil Drum and beyond. Not a new concept, but an important one to bear in mind.Adam Ashnoreply@blogger.comtag:blogger.com,1999:blog-8861605.post-35046039424116131372014-03-16T17:15:39.366-04:002014-03-16T17:15:39.366-04:00I believe that the growth of the human population ...I believe that the growth of the human population over the last couple of centuries, is due to the use of "Fossil" fuels. When these run out, the populations must decline to pre-fossil-fuel levels!<br />The "Easter Island" syndromeEric Blood Axehttps://www.blogger.com/profile/16838133655067827221noreply@blogger.com