Will the Oil be burned and how it will affect the climate

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

Quote from: ene1980 on May 06, 2020, 05:28:28 PM

No country will consider burning oil because they have no space to store them Roll Eyes

they can reduce the production considerably rather or pitch to other countries for a much lower market rate and with these options available why would they waste by burning, since you started the topic i was searching and i could not find any sources. ?

Unfortunately, that is a possibility since storing oil is tedious and resource-hungry that the need for disposing extra tons of it by burning is more feasible than, well, storing it on somewhere unsafe and somewhere which isn't fireproof. They can sell it on a much cheaper rate however do keep in mind that there literally is very little demand for oil right now whereas the supply is still staggeringly high.

Quote from: imstillthebest on May 15, 2020, 07:23:55 AM

why produce so much oil when they know that there isnt much demand on it . why will they burn the excess one when they are already selling it cheap . people should be buying alot of them now so there should be no problem for spacing . burning them is only a loss for them and also a harm to our environment plus its also illegal and they should be jailed or fined for that . they can be easily caught out if they do so due to smoke and smell but idk if they can burried it instead on the ground

No one expected the virus to reach pandemic status, and so Middle East decided to ramp up production prior to the events of the last weeks of March wherein it is revealed that the virus is already transmitted on most parts of the globe. Also, the oil that you are talking about is still unprocessed and extremely flammable, so I don't think the option to sell it to the normal citizens is an option honestly.

FanEagle

legendary

Activity: 2884

Merit: 1117

Leading Crypto Sports Betting & Casino Platform

I agree that there is really not a reason that people should be dumping something that worths money. I get that if you destroy oil for a while you will have less oil and you will make more money by selling it for more money. However you could keep them and sell for cheaper but also make more money because you are selling more of it as well, that is an option as you might imagine.

Moreover at the worst case you could build more storage, oil is not something that is hard to store, you could build a place that can hold all the extra oil in less than 6 months, sure that is too late for now, but at least they could just keep paddling for another 6 months and then never have to deal with anything like this, which means they will have to sell only the excess amount for the 6 months until its built.

NavI_027

full member

Activity: 1232

Merit: 186

Quote from: Cratoon on April 29, 2020, 07:24:12 AM

Recently I heard some news that countries consider burning oil because there's no more place to store it.

Are you really sure about this? First, how come they no longer have means of storing their oils? Second, do they were able to waste a precious commodity? I can't believe it, it doesn't make any sense. It would be wiser for them to cut the price largely than burning it for nothing.

Quote from: Cratoon on April 29, 2020, 07:24:12 AM

So the question is, how will it affect the earth's climate? Is this a significant concern for the environmentalists?

Assuming that it was true, I may say yes. Why? Simply because at the end of the day it was a carbon emission. Even how small or big it is, it will accumulate and manifest its effect in the future and that was sad. Actually, there's a fear in the back of my mind concerning about opening all economies once again. I guess the wounds of our Mother Earth which healed for past few months will suddenly bleed again once we go back to normal Sad

.

imstillthebest

full member

Activity: 1638

Merit: 122

why produce so much oil when they know that there isnt much demand on it . why will they burn the excess one when they are already selling it cheap . people should be buying alot of them now so there should be no problem for spacing . burning them is only a loss for them and also a harm to our environment plus its also illegal and they should be jailed or fined for that . they can be easily caught out if they do so due to smoke and smell but idk if they can burried it instead on the ground

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

Quote from: Cratoon on May 14, 2020, 04:53:52 AM

Ok smartie way to pick on words. If you didn't find sources - you haven't looked hard enough. The fact is there's too much production and not enough storing space.
If not countries, some private companies or the transporters of oil may dispose of oil the "cheap way" and damage the ecology.

Just as I've predicted, the oil starts getting dumped in the ocean if the oil industry won't decrease production it may get much worse.

So, your source for this is an article that shows no evidence?

You should really start to think before digesting any rumor as you read it in the first piece of news your hear.
First, this huge oil pill has not been recorded by any other newspaper, no matter how hard you try the only one reporting is that website you mentioned while others talk about spills from 2019, 2018, 2017....
Second, that place is one of the last in which tankers would dump, the only tankers in that region are Russian tankers, with the ports having a capacity of 1mln barrels per day and with one of the last available storage facility to yet full. So, why would rosneft choose to dump its oil when they could simply store it?
Third, why is there only a case and not hundreds?
Use logic before taking any piece of news as solid truth.

Also, how is this a cheap way?
Load oil in a tanker, pay up the crew to ignore this, pay up the company that owns the tanker to ignore it, pay the port employees to ignore that cargo is not there, all to dump oil that can be seen from space? They could have simply dumped it in the oil pits waste lakes that every mining facility has and be done with it.

justdimin

hero member

Activity: 3122

Merit: 672

www.Crypto.Games: Multiple coins, multiple games

Oil is doing fine now, there is really no need to burn it because lets be honest that is millions even billions of dollars gone to waste and they wouldn't want something like that. Look at the price right now, double and even triple of what it used to be and that means there is no need to burn it. Look at Saudi Arabia, they have used all the oil money they made to invest into other stuff so they are still making a profit even when they are not selling oil, which means they can wait without burning and still be profiting at the same time.

Basically there could be few places who would do it and it would hurt the climate like crazy but at the same time it won't be a big portion, it would be under 5% of all the people who extract oil and sell it, but you never know about what oil executives will do to make one more dollar for themselves.

Cratoon

full member

Activity: 865

Merit: 104

https://paradice.in/?c=bitcointalk

Quote from: ene1980 on May 06, 2020, 05:28:28 PM

Quote from: Cratoon on April 29, 2020, 07:24:12 AM

Recently I heard some news that countries consider burning oil because there's no more place to store it.
As you know the oil production volumes are huge, and this means that a lot of oil will be burn.
So the question is, how will it affect the earth's climate? Is this a significant concern for the environmentalists?

No country will consider burning oil because they have no space to store them Roll Eyes

they can reduce the production considerably rather or pitch to other countries for a much lower market rate and with these options available why would they waste by burning, since you started the topic i was searching and i could not find any sources. ?

Ok smartie way to pick on words. If you didn't find sources - you haven't looked hard enough. The fact is there's too much production and not enough storing space.
If not countries, some private companies or the transporters of oil may dispose of oil the "cheap way" and damage the ecology.

Just as I've predicted, the oil starts getting dumped in the ocean if the oil industry won't decrease production it may get much worse.

Yatsan

legendary

Activity: 2436

Merit: 1232

Leading Crypto Sports Betting & Casino Platform

Quote from: Sadlife on April 29, 2020, 08:33:43 AM

If only humanity is using free energy that was built by a brilliant scientist Nikola tesla then they wouldn't have to dig mineral sources till its last drop and now they're wasting tons of it but in the near future im sure it will all be dried up with nothing and that leaves our vehicles and electronics and power plants nothing to use.

Chances are high that the world will be lack with natural resources due go the excessive use of it. The ideas of Nikola Tesla are more making sense at this moment that modernization and technological developments are now being seen to most of the things people of this day are using. There are even debates concerning if his ideas were more acknowledge before, things could not be as worse as what we are experiencing. My idea to this is that, his inventions were too early before for other people to support , familiar with talks regarding which would power the world in the future? Whether it is Tesla's AC or Edison's DC. But personally my view would go for tesla based from what I have read.

Quote from: silversurfer1958 on May 02, 2020, 03:52:14 AM

I know that if this idea becomes a reality, it will have a very bad impact on the environment. The fumes from burning excess oil will cause the greenhouse effect on the earth. Especially, the air is heavily polluted with toxic substances. Many people will suffer from respiratory syndrome such as pneumonia, shortness of breath, chest pain due to breathing in too much of these toxic fumes.

This would really be a bad thing and I doubt no other countries would oppose to such actions because it is obviously harmful to our environment. Also, it does not make sense that they spent money, time, and manpower in order to search for oil then will just dispose it using an improper way jist because they are lacking storage. Indeed natural resources would regenerate but for sure, the manner of how fast people are extracting it from the nature would slow down the recovery, worse it would destroy it.

ene1980

hero member

Activity: 2002

Merit: 535

Quote from: Cratoon on April 29, 2020, 07:24:12 AM

Recently I heard some news that countries consider burning oil because there's no more place to store it.
As you know the oil production volumes are huge, and this means that a lot of oil will be burn.
So the question is, how will it affect the earth's climate? Is this a significant concern for the environmentalists?

No country will consider burning oil because they have no space to store them Roll Eyes

they can reduce the production considerably rather or pitch to other countries for a much lower market rate and with these options available why would they waste by burning, since you started the topic i was searching and i could not find any sources. ?

FanatMonet

hero member

Activity: 742

Merit: 507

Well, in general, in each oil there is a certain percentage of Sulfur, which, when burned, binds to atmospheric gases, and as a result we get acid rain in the nearest territory. Also, during the combustion of carbon, CO2 is released, which negatively merges causing the greenhouse effect on the planet.

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

Quote from: princesspoppy on April 30, 2020, 06:56:26 PM

Instead of burning it, why don't just give it to people in need? The fact that burning can cause many negative effect to our environment - to the atmosphere and ozone layer, there are also many countries in need of oil. I think it will be best if the government will just give it to people in need.

And you some with a stupid idea to a stupid scenario!
You want a barrel of oil, good...let me know what you plan to do it with it!
And those countries in need of oil they could have simply just taken the oil away, but now, right now nobody wants oil, everyone is full with reserves, refineries are filled with gasoline as people have stopped riven cars, there is nothing you can do with oil right now, that's why it is so cheap and futures went into negatives.

Quote from: Cratoon on May 02, 2020, 03:44:52 AM

https://www.investing.com/news/commodities-news/us-oil-plunges-25-as-storage-fears-reappear-2152319

Quote

And production cuts are coming. The much-anticipated production cuts by OPEC and its global allies officially begin on Friday. The GLOPEC arrangement has committed to cut at least 9.7 million barrels per day. Kuwait, OPEC's fourth-largest producer, says it has already begun cutting ahead of the group. So has Nigeria, because there's just nowhere to put any more of its oil. U.S. drillers have shed 305 oil rigs over six weeks, wiping out technically 45% of operating shale output.

Quote

In Russia, the industry is even considering resorting to burning oil as the fastest means to dispose of supply, sources told Reuters.

Burning oil in thermal power stations, which Russia doesn't lack, and most of their old power stations can be easily converted from coal to burn fuel oil.

Most oil wells can be easily managed, in most countries they are already pumping either water or gas or different mixtures to keep the il coming up, this can be reduced while keeping the well alive, the only problems would appear in freezing weather (it's summer in the northern hemisphere by now) and in deep-sea drilling. It makes no sense burning the oil, as it will be lost anyhow this way.

Quote from: davis196 on April 30, 2020, 01:39:27 AM

Burning oil and wasting it instead of giving it away to the people for free. Angry

That's how capitalism works.

No, this is how cartels and socialism works.
Most of those oil companies are controlled by the state, so it's not anything like capitalism, it's pure centralized planned economy, socialism!
So, you're angry at exactly the opposite thing. Grin

whyrqa

full member

Activity: 1093

Merit: 103

I think this is the worst idea you can come up with. there are already quite a lot of problems on the planet due to emissions of harmful substances into the atmosphere, including co2. I believe that more than one coronavirus is needed for humanity to reduce the human impact on nature. the biggest problem on the planet is man himself.

silversurfer1958

full member

Activity: 474

Merit: 111

I know that if this idea becomes a reality, it will have a very bad impact on the environment. The fumes from burning excess oil will cause the greenhouse effect on the earth. Especially, the air is heavily polluted with toxic substances. Many people will suffer from respiratory syndrome such as pneumonia, shortness of breath, chest pain due to breathing in too much of these toxic fumes.

Cratoon

full member

Activity: 865

Merit: 104

https://paradice.in/?c=bitcointalk

Quote from: figmentofmyass on April 29, 2020, 06:55:18 PM

Quote from: Cratoon on April 29, 2020, 07:24:12 AM

Recently I heard some news that countries consider burning oil because there's no more place to store it.

i can't find any news articles about this. link?

https://www.investing.com/news/commodities-news/us-oil-plunges-25-as-storage-fears-reappear-2152319

Quote

And production cuts are coming. The much-anticipated production cuts by OPEC and its global allies officially begin on Friday. The GLOPEC arrangement has committed to cut at least 9.7 million barrels per day. Kuwait, OPEC's fourth-largest producer, says it has already begun cutting ahead of the group. So has Nigeria, because there's just nowhere to put any more of its oil. U.S. drillers have shed 305 oil rigs over six weeks, wiping out technically 45% of operating shale output.

Quote

In Russia, the industry is even considering resorting to burning oil as the fastest means to dispose of supply, sources told Reuters.

super bako

member

Activity: 1302

Merit: 10

Quote from: alexeev.tosha0109@yandex. on May 01, 2020, 09:34:08 AM

Despite the fact that oil production can't be stopped completely, burning limited resource is a really insane idea. But in case it happens, I don't think that its environmental impact will the most urgent issue.

your words are true. it will only increase the work of the government if that happens and it is a stupid thing. the impact will disrupt the environment and add to the economic crisis ... certainly the government has other ways to not harm the country's financial assets, on the one hand low oil prices can have a positive impact .Public can also enjoy the cheap oil prices.??

Hydrogen

legendary

Activity: 2562

Merit: 1441

Quote from: Cratoon on April 29, 2020, 07:24:12 AM

Recently I heard some news that countries consider burning oil because there's no more place to store it.

If crude oil is burned.

It will be for reasons identical to tether destroying $500 million of its own supply in 2018:

Quote

Tether Destroys 500 Million of Its USDT Coin

October 25, 2018

According to transaction data from Tether’s accounts, it took 500 million USDT permanently out of circulation on Wednesday.

https://cryptoslate.com/tether-destroys-500-million-of-its-usdt-coin/

It represents an attempt to address the supply side of the equation, in an effort to stabilize oil prices. Now that reduced demand has oil prices plummeting. This type of market and price manipulation is common in virtually all markets which exist today.

bitgolden

legendary

Activity: 2926

Merit: 1130

Leading Crypto Sports Betting & Casino Platform

Quote from: Cratoon on April 29, 2020, 07:24:12 AM

Recently I heard some news that countries consider burning oil because there's no more place to store it.

As you know the oil production volumes are huge, and this means that a lot of oil will be burn.

So the question is, how will it affect the earth's climate? Is this a significant concern for the environmentalists?

I doubt oil could ever be burned, I know that is something they have done previously but I feel like we do not have nearly enough of it left right now to do something like that. As long as they can expand the storage they will want to keep it because the more you sell it the more money you could make, and instead of making the price go up right away so they could make a short term profit, they would want to have as much of it as possible to keep selling and eventually they will have less and less and they will be capable of increasing the price anyway. Hell as long as they have enough storage they could spike up the price anytime they want because worst case they won't sell it and just store it.

However if they end up burning it, of course it would reverse all the good covid has done for the world.

alexeev.tosha0109@yandex.

newbie

Activity: 45

Merit: 0

Despite the fact that oil production can't be stopped completely, burning limited resource is a really insane idea. But in case it happens, I don't think that its environmental impact will the most urgent issue.

mu_enrico

copper member

Activity: 2324

Merit: 2142

Slots Enthusiast & Expert

Quote from: fiulpro on April 29, 2020, 08:32:48 AM

Only if the borders were erased and whole world was one country , not different nations competing for resources.

It's called Utopia.

Quote from: fiulpro on April 29, 2020, 08:32:48 AM

Hoping is not the only thing we can do , we can get our ideas and thoughts out there , we can try and reform our society . Maybe we won't make it , but at least we would have tried.

System needs some serious reforms soon .

When I was young, I used to think about this "reform our society," but when I get older, this quote becomes more relevant:

Quote

"A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both."

"The great virtue of a free market system is that it does not care what color people are; it does not care what their religion is; it only cares whether they can produce something you want to buy. It is the most effective system we have discovered to enable people who hate one another to deal with one another and help one another."
― Milton Friedman

Source.

The free market system doesn't care about whether you have one world one country or one world thousands countries. It only cares about whether you can produce something valuable. So if you want to help the world, start from creating something useful to the world.

Anyway about this oil problem, they just need to stop the production, and let the inventory depleted gradually. Is that real news? Sound so stupid...

carter34

member

Activity: 1302

Merit: 25

I think that if the burning takes place at this time, it will disturb layers of the earth, that's called the ozone layer. This will be a major concern for the globe because the earth layers if cracked, can cause different health issues and we are yet to come off covid-19.

Topic: Will the Oil be burned and how it will affect the climate (Read 302 times)