Quicksilver Resources INC. https://www.qrinc.com Wed, 22 Jan 2020 13:11:59 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.3 Shell Drillings In The South Pole And Why It Is Not A Good Idea? https://www.qrinc.com/shell-drillings-in-the-south-pole-and-why-it-is-not-a-good-idea/ https://www.qrinc.com/shell-drillings-in-the-south-pole-and-why-it-is-not-a-good-idea/#respond Wed, 22 Jan 2020 13:11:57 +0000 https://www.qrinc.com/?p=568 The demand for energy is ever increasing. As human population and consumption continues to surge at an exponential rate, the requirements for conventional fuels such as oil are only expected to increase. And even though alternative sources such as solar energy and wind energy are gaining popularity, there is no doubt that in the near future, the demand for fossil fuels is only going to swell.

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Shell And The South Pole

Considering these factors it is only natural that major oil companies are going to look for new reserves of oil around the world. As one of the global oil giants, Shell Oil too is seeking to explore new frontiers in oil reserves.

The South Pole or the Antarctic as it is popularly known represents a pristine environment yet largely untouched by man. However, in recent years there has been a lot of speculation regarding the news that there are, supposedly, “huge reserves of oil” in the South Pole. So, it is only natural that Shell Oil may be contemplating drilling in the South Pole in order to tap into its natural reserves. However, this is not a good idea, as is evident from the following.

Is The South Pole Truly Rich In Oil?

Although it is predicted that the South Pole’s oil reserves are estimated to be at about 200 billion barrels, the fact remains that this is only a prediction. No significant exploration or studies have been conducted which can give empirical data regarding whether the South Pole really holds oil reserves or not. In fact, it is highly likely that the South Pole does not really contain any oil reserves at all. Hence drilling for oil there might turn out to be a futile endeavor. Also, of import is the fact that even if oil reserves are found in the South Pole, the cost of such extraction would not be viable commercially.

The Environmental Impact Of Oil Drillings

Though drilling in the South Pole may not be currently viable, it is expected that with increasing demands for fossil fuels rising, Shell and similar companies will surely look towards exploring the South Pole for oil. This can have serious repercussions as far as the environment is concerned. The South Pole represents one of the ever-dwindling places on Earth which have yet to be marred by significant human activities. If any ventures such as drilling for oil take place in this pristine location, the results can be devastating. The clean environment of this region is important for both ecological as well as scientific reasons. Any major activities such as oil drillings will introduce the risk of events such as oil spills, industrial pollution and associated hazards which can harm the region permanently and also cause irreversible damage to the fragile ecosystem.

The Antarctic Treaty And The Future

In order to protect the South Pole and its environment, the Antarctic Treaty (which came into effect on June 23rd, 1961) has banned all mining and exploration in the South Pole. Although this should stop companies from venturing to exploit the resources of this region, the Treaty enforces the ban till 2048 only, when it comes up for review. So, it may well be the case that after such time, the South Pole may be open to drilling. Further, the countries which are not a part of the treaty can always carry out mining and drilling works, thus harming the environment.

Apart from the fact that it is economically unviable and environmentally hazardous, there is no real proof of existence of oil reserves there. Hence, all things considered, it can be safely said that drilling in the South Pole is not a good idea today or in the near future.

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Shale Bonanza: US Oil Production Highest In Fifty Years https://www.qrinc.com/shale-bonanza/ https://www.qrinc.com/shale-bonanza/#respond Tue, 09 Apr 2019 08:49:47 +0000 https://www.qrinc.com/?p=550

Shale oil is a type of unconventional oil which is derived from Shale Rocks. There had been many US shale oil producers and extractors. However, a few years ago, the shale oil saw a bust or a downfall, and the production of the oil slowed down.

About three years ago, the shale boom in the US appeared to be over, and no one was sure if it was going to be back again. During the shale oil boom, a   single shale oil barrel was priced well above $100.

Shale oil is a type of unconventional oil which is derived from Shale Rocks.

However, the moment the market crashed the oil barrels were hardly ever above $40. With massive price cuts, the extensive shale oil extraction became uneconomic.

Furthermore, the oil producers in the US filed for bankruptcy. During this time OPEC, Saudi Arabia, and Russia stepped in and dominated the market, thereby cutting off shale oil’s business.

Although shale oil extractors and producer in the US were declaring bankruptcy left and right, some had continued. Furthermore, with the recent trend of oil prices have improved conditions for shale oil producers. While some stopped their business, other continued to do business and used modes to decrease prices for various costs and adopted cost-effective methods.

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Standing true to Grant Smith’s prediction, the Shale oil prices recently went back up. And if his predictions are true, then it could be that the US may become the world’s leading producer of oil by 2025.

Furthermore, according to various reports, there had been no shale oil boost before, the world would have still been living where oil was priced at $100+ since the year 2007.

Although the recent prices are good news for many shale oil extractors and producers, the main question of their supply arises.

Although the recent prices are good news for many shale oil extractors and producers, the main question of their supply arises. With an increase in demand, it must be remembered that most of the shale oil extraction is done in the first year. Furthermore, it is hard to find places from where shale oil can be extracted.

Other than this, the global prices and fluctuations can and will have an effect on these prices in the future. Other than this, it is not clear how Russia and OPEC Saudi Arabia will react. Furthermore, it is not yet known if they can cut their oil’s prices as well or not.

Additionally, the question of sustainability of the shale oil is a huge one. There are discussions on whether the country can actually produce enough oil to become independent? Although that is a valid question, predictions will not do much good in decision making only time will tell.

On a different note, shale producers may be able to make more money and have more profits depending on the price of the oil. The higher the prices for oil, the better for the oil producers.

Above all, if the US can sustain enough oil, it may so happen that the US may become independent on the oil front and may not need to import from OPEC Saudi Arabia and Russia.

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The Top US Oil And Gas Companies https://www.qrinc.com/the-top-us-oil-and-gas-companies/ https://www.qrinc.com/the-top-us-oil-and-gas-companies/#respond Sat, 14 Apr 2018 19:06:44 +0000 https://www.qrinc.com/?p=366


“Top US Oil And Gas Companies”

The US is one of the major importers of crude oil. This is mainly because the country has a very huge demand for the commodity and needs it to keep its industries running smoothly. But, the country also produces a lot of crude oil despite its inability to meet its needs. For example, the Energy Information Administration reported that the country imported around 19.7 million b/d of crude oil. This is actually more than twice the amount of crude oil that the country is able to produce. Since the US is both a major producer and importer of crude oil, it is a viable place for business in the oil and natural gas sector. Therefore, it attracts a lot of investors in this area. Today, it is home to some of the most revered companies of the global oil and natural gas sector. Here is a look at some of the most notable examples of oil and gas companies that are in the driving seat of the country’s oil and gas sector.
 

  • ConocoPhilips, popularly known as COP, the company boasts of a market capital which well above $50 billion and an FCF of $256 billion.
  • EOG Resources, Inc boasts of $46 billion as market capital and $325 as FCF
  • Anardako Petroleum Corporation, it has an FCF of $276 billion and $27.2 as market capital
  • Pioneer Natural Resources Co, has an FCF of -$118 billion and $ 25.5 billion as market capital
  • Devon Energy Co with an FCF and market capital of $-708 billion and $19 billion respectively

 


“Global oil business”

Each of these oil and gas companies are major contributors to the global oil and gas sector. Further, they have earnings and assets which amount to billions of dollars. The Forbes’ list of the top US companies indicated above takes into account the quarterly earnings of each firm. Therefore, it subject to change as often as a change in quarterly earnings and asset values have been registered. It generally ranks the companies according to their market capital.

 

“In the recent past, Forbes had started gauging the performance of oil and gas companies in the US based on their FCF (free cash flow ) standing.

FCF may mean the amount of money that is available for reinvestment, or the total amount of money that is available for distribution to the company’s shareholders. This is the same amount of money that has the capacity to improve a country’s investment capital. It is calculated by considering the company’s net income, adding amortisation and depreciation, and making adjustments for impairments to properties of oil and gas. This is followed by subtracting the interest paid, variations in working capital and expenditures in capital.

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Enbridge’s $6.5 Billion Oil Pipe Expansion: Public Hearing Begins In Minnesota https://www.qrinc.com/6-5-billion-oil-pipe-expansion/ https://www.qrinc.com/6-5-billion-oil-pipe-expansion/#respond Wed, 14 Mar 2018 19:04:36 +0000 https://www.qrinc.com/?p=363


“Enbridge’s $6.5 Billion Oil
Pipe Expansion”

Enbridge Inc is an energy transportation company with headquarters in Calgary, Alberta. It is a multinational company which is primarily involved in the distribution, transportation and generation of energy across the continent of North America. The company also boasts of a number of subsidiaries including Union Gas, Todal Energy and Marketing Inc among others. Today, Enbridge remains one of the top oil and natural gas companies in North America.

The company uses a number of modes of transport to facilitate the transportation and distribution of oil. One of its major ways of distributing and transporting oil across the continent is through the use of pipelines. Therefore, it benefits greatly from the oil pipeline network which runs across North America. Recently, the company had announced an oil pipeline expansion project worth $6.5 billion. But, the project has been overshadowed by concerns from the members of the general public. Whether the project is going to take off or not now lies in the hands of the courts.

 


“Information On The Ground”

Information On The Ground

Information on ground clearly suggests that the oil company intends to expand an existing oil pipeline in the state of Minnesota. The project dubbed ‘Line 3 oil pipeline expansion project’ is set to take off as soon as the public hearings have been dissolved. Should the project cross over the current hurdle before it, it will be the company’s largest oil pipeline project since its inception. However, a huge obstacle lies ahead of the project as the public concerns over the its impact on the environment continue to mount. Public concerns pertaining to the project are due to be forwarded to the state’s Public Utilities Commission up to Mid-November. This will be followed by the commission’s siting and a ruling to decide the fate of the project. The company has up to next year April to appeal against the concerns raised by the members of the public.

 


“Expanding The Oil Pipeline”

Who Is Opposed To The Idea Of Expanding The Oil Pipeline?

The recent uproar against the continuation of the project has been fuelled by a number of entities belonging to the public. Landowners, environmentalists and aboriginals are all opposed to the idea of expanding the pipeline. Some groups are even calling for the shutdown of the existing pipeline citing environmental concerns. The Department of Commerce is leading the charge against the expansion and continued existence of the pipeline. With the department having already declared its stance on the matter, the company will have a hard time contending against the public. Whether the project will go on or not lies in the hands of the commission which will make a ruling in April next year.

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The Possibility Of Oil Rising Beyond $60 Per Barrel In 2018 https://www.qrinc.com/the-possibility-of-oil-rising/ https://www.qrinc.com/the-possibility-of-oil-rising/#respond Wed, 14 Feb 2018 18:50:17 +0000 https://www.qrinc.com/?p=360


“Crisis of Oil Supply”

The oil and natural gas sector has for some time suffered a series of calamities most of which have been attributed to the continued drop in oil prices. In the last five years alone, the sector has registered the greatest number of retrenched workers more than any other global industry. There is fear that more retrenchments may be announced in the near future which could see dozens of employees out of employment. Towards the beginning of the year 2017, the sector began to register some improvements. This followed OPEC’s efforts to reduce the supply glut which had characterised the industry for many years. Generally, the oil supply glut could be to blame for the continued drop in oil prices. Despite the efforts made by both the industry’s players and the major oil producing nations, little has changed so far. The price of oil has only recovered by a small margin and still trades around $50 per barrel.

Experts still believe that there is hope for the industry. Since the announcement of the OPEC oil deal which was aimed at bringing the supply glut to a halt, the oil prices have improved significantly. There is even speculation of seeing the prices hit the $60 mark by the beginning of 2018. Whether this will turn out to be a reality still remains subject to debate.

 


“Limited Supply of Oil in the Market”

Possibilities Of A Rise In Prices Of Oil

The year 2017 has seen the oil and gas sector suffer many blows ranging from crippled growth in earnings and a perpetual increase in the quantity supplied. Whether this is likely to change in the near future is still unknown. Experts have mixed feelings on the subject with some suggesting that more stringent measures have to be put in place to fuel the much-needed rise in the prices of the commodity. But, the rise in the prices of the commodity has to come soon. The industry’s major players have already waited for too long. Without a doubt, they would relish the long-awaited rise in prices. There is also the issue of the margin by which the price will change. The price of oil has remained stuck around $50 for most of the year.

“A rise by a huge margin would push it beyond $60, a development which would calm the nerves of the sector’s players.

 


“Market Increases Oil Prices”

Indicators Of A Possible Rise In Prices

In order to be anywhere close to predicting the future of the oil prices, it is actually a perfect idea to consider some indicators. Around mid-October, oil prices had registered a rise in prices to settle around $56. A number of major oil futures including Brent Crude and the US West Texas Intermediate futures which registered price rises two days in a row. Such marginal rises in prices may pave way for much larger rises by the beginning of 2018.

Further, the major oil producing nations around the world have continued to reduce their supply of the commodity, a development which is likely to push demand up. According to experts from OPEC, the supply glut will not spill over into 2018 and the demand for the commodity is likely to rise in the process. Therefore, chances of a huge rise in the price of the commodity are high. But, experts still remain uncertain about the whether the commodity’s prices will hit the $60 mark by the beginning of next year.

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US States With The Highest Natural Resource Companies https://www.qrinc.com/highest-natural-resource-companies/ https://www.qrinc.com/highest-natural-resource-companies/#respond Sun, 14 Jan 2018 18:40:16 +0000 https://www.qrinc.com/?p=352


“Highest Natural Resource
Companies”

Many states across the US are home to various natural resources which the country boasts of. The US boasts of natural resources which are valued at $45 trillion. This is the second greatest value in natural resources that has ever been recorded. For example, the country’s coal reserves account for 31% of the total coal in the world. No doubt, the country receives investors from all parts of the world who harness the value of its resources. The country’s list of natural resources is actually very hard to exhaust. It is endowed with natural gas, coal, crude oil, uranium, rare earth metals, copper, water and zinc to name a few.


“Some of the States in U.S has the
Highest Natural Resources”

Even though most of the natural resources that the country boasts of are spread across its states, there are certain states with a lion share of the resources. These states tend to attract more investors than other states. As such, they boast of more companies than other states. Some of the states with a large concentration of companies that harness the value of natural resources are highlighted in the passage. Each of the companies indicated below is involved in the exploitation of one or more of the natural resources which the country boasts of. The resources indicated below are either renewable or non-renewable. But most of them are actually non-renewable. In order to streamline the comparison, the natural resources that are available in the states are indicated along with the manner in which they are distributed across the states involved.

 


“One of the Major Oil
Producer in the World”

Oil

The US is among the major producers of oil in the world although it also remains one of the major importers of the commodity. Five states contribute to the country’s oil output and large concentration companies which produce and distribute the product. The major ones are Texas, North Dakota, California, Alaska and Oklahoma.

 


“US is Home to An Abundance
of Natural Gas”

Natural Gas

While the US is home to an abundance of natural gas, the quantity the country produces is not enough to meet its demand. Subsequently, it has to import a substantial amount to supply the population’s needs. The commodity is found in a number of states across the US. However, only around four or five states have enough natural gas worth giving attention to. Texas accounts for around 30% of the total natural gas produced in the US and is home to most of the companies that are involved in its production and distribution.

“Other states worth mentioning are Louisiana, Wyoming and Oklahoma which account for 13%, 9% and 8% of the total natural gas produced in the country, respectively.


“The Three Major Regions
of Coal Producer”

Coal

Coal is mainly found in three major regions of the US, namely the Appalachian coal region, the western coal region and the interior coal region. This also encompasses the Powder River basin. The US as a whole contributes to over 30% of the total coal that is produced globally, making it the largest producer of coal in the whole world. The state of Wyoming is actually the largest producer of coal in the US. Other states which also contribute greatly to the country’s total coal output are Illinois and West Virginia. These states have many companies which are actively involved in the production of coal for purposes of meeting the country’s energy demand.

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A List Of Natural Resources Produced In The United States And Their Uses https://www.qrinc.com/a-list-of-natural-resources/ https://www.qrinc.com/a-list-of-natural-resources/#respond Thu, 14 Dec 2017 18:26:48 +0000 https://www.qrinc.com/?p=347


“Natural Resources”

The US is home to many natural resources. A wide pool of natural resources can be found in many parts of the United States and account for the country’s ability to lead the list of the world’s market driven economies of the world. Since time immemorial, the country’s industries have thrived on the natural resources which the country boasts of. Today, the story is the same owing to the continued expansion of the country’s industrial sector which includes manufacturing companies, processing plants and recycling plants. The country is undoubtedly a viable destination for investors who want to tap into the potential weave in the fibres of its vast reserves of natural resources.

  • Natural gas: this is mainly used to power appliances which use natural gas rather than electricity.
  • Crude oil: this is used to come up with a number of petroleum products including kerosene, diesel and petrol which are used to power vehicles and machines.
  • Bauxite: bauxite is the ore from which aluminium is extracted. It is important based on the many uses that are associated with aluminium. The element is often purified and used to make parts of aeroplanes and ships.
  • Zinc: this is an important metallic element which is used in manufacturing of collapsible tubes and for the sacrificial protection of iron. The element is also used to make electrodes.
  • Rare earth elements: these are used in the electronics industry to make important parts of electronic devices. They are used in all electronics products including television sets, tablets and mobile phones.
  • Coal: the coal is mainly used to heat up steam in coal powered plants around the US.
  • Uranium: this is used to power up nuclear power plants, as it is one of the main reactors in such plants. It is also used to create nuclear weapons.
  • Copper: copper is used to make electric cables, sockets and even electrodes.
  • Silver: silver is often used to make jewellery, although it may also be used to come up with electric cables in special cases.

 


“A List Of Natural Resources Produced
In The United States”

These are the major natural resources that can be found in the US. There are others which are present in minute concentrations and are thus left out of the list. For example, some parts of the US are actually in possession of rare earth metals. The state of California is one state where such mineral resources can be found but they do not fare well when compared with other natural resources which the country boasts of. Further, there are also some natural resources which used to be in existence in the past but have been depleted owing to their diminishing nature. This mainly applies to mineral resources including some rare earth elements which are no longer available following their depletion. For example, the Mountain Pass Rare Earth Mine in California was a source of certain rare earth elements but ran out of some of them prior to its closure.

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Vitol Group: The Largest Independent Oil Trader https://www.qrinc.com/independent-oil-trader/ https://www.qrinc.com/independent-oil-trader/#respond Tue, 14 Nov 2017 18:03:03 +0000 https://www.qrinc.com/?p=336


“Largest Independent Oil Trader”

The global oil and natural gas sector is home to many iconic names which are in the driving seat of the global solid fuel resources. One of the most notable figures of the oil and natural gas sector is Vitol Group. Having been founded in 1966, it is over 50 years old and undoubtedly stands a good chance to go on for many years to come. It is an energy and commodities company which trades in oil and its associated products, delivering commodities to all parts of the world.

No doubt, the company sits at the very heart of the global energy sector and can be considered the largest independent oil trader of this age. Its revenue is by far the most celebrated revenue that any independent oil trader has ever registered. Even though the oil industry has been met with a series of hurdles ranging from the global crunch and the subsequent depreciation in oil prices, the country has still managed to remain in solid command of the oil trading industry.

 


“The Vitol Group”

Why Vitol Group Is The Largest Independent Oil Trader

The Vitol Group has not emerged as the most revered global oil trader for nothing. Rather, it has been able to assert its dominance over the industry following years of unparalleled oil trading services. With over 50 years of experience, the firm has been able to command a lot of reverence from all oil trading companies around the world. This experience has enabled the company to deliver services that are tailored to suit its business partners around the entire globe. The company has built multiple lasting relationships with its trading partners. This has enabled it to continue remain at the top of the industry despite having been surrounded by many fierce rivals. Some of the major reasons that can account for the company’s dominance over its contemporaries are highlighted below.

  • Huge revenue – the company registers huge amounts of revenue. In 2016 alone, it recorded a whopping $152 billion in revenues. This is a figure that no independent oil trader can compete with.
  • Number of crude oil and products that are traded on a daily basis – the company is able to trade over 7 million barrels of crude oil as well as products on a daily basis. This is an astounding sum and unrivalled by its contemporaries.
  • Quantity of crude oil and products shipped annually – today, the company is able to ship over 350 million tonnes of crude oil and products to all parts of the world. There is barely any company that can match this.
  • Number of ship voyages on an annual basis – annually, the company records over 6,800 ship voyages, with over 250 vessels available for transportation.

 


“Vitol Group Trades With Everyone”

Vitol Group Trades With Everyone

There is no sector which Vitol Group does not touch. It trades with a wide range of companies around the world, meeting their energy demands while minimising costs. The company’s customers span across all major sectors of the global economy. Here is a look at some of the most notable customers that the company deals with.

From the information presented above, it is very easy to deduce that Vitol Group is indeed the global leader in the oil trading industry. It has 40 offices which are spread across the entire globe. Today, the company’s largest operations are found in Singapore, London, Houston and Geneva.

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