Thread regarding Chevron Corp. layoffs

No use arguing with numb nuts.

I'm not sure that people who are laid off or may be soon are going to appreciate this sort of sarcasm:

"Everything listed that uses petroleum, can be made with the Pascagoula Refinery by itself and then some."

I take it that someone working in any O&G or related profession has more sense than that.

The annual average global oil demand has indeed risen by about a million barrels per day for the last 30 years. From OPEC.org:

"Historically, annual average world oil demand has risen from 21.4 million barrels/day in 1960 to 62.9m, 76.5m and 89.9m b/d in 1980, 2000 and 2013, respectively. It is currently projected to average 91.0m b/d in 2014 and 108.5m b/d in 2035."

If all cars were electric, how do you think most electricity is produced? By burning natural gas, oil, or coal. A small fraction is hydro, nuclear, wind, or solar.

However, the percentage of electric cars in the US is now about 0.6% and globally is about 0.2%. Global oil demand has increased by about a million barrels per day for the past 30 years. So it will take many, many years of very high electric car growth rates to even halt the growth rate of oil demand, much less to actually decrease global oil demand. That along with the real limitations of electric cars means the oil business will continue to be around. The oil business is safe for the next 100 years at least.

Everything listed that uses petroleum, can be made with the Pascagoula Refinery by itself and then some. Cars are what makes the Oil &Gas companies money, not the lube oil. Lube oil will still be needed for by products, but it won't offset the car usage.

8jek, too funny. Thanks for the reminder.

No, rubber dogshxt is made from rubber, not petroleum. No different than a rubber d---o.

You forgot rubber dogshxt

So what if all cars turn electric. Don't forget even electric cars are mostly made out of petroleum. Do you know what else is made out of petroleum?

Diesel fuel

Motor Oil

Bearing Grease

Ink

Floor Wax

Ballpoint Pens

Football Cleats

Upholstery

Sweaters

Boats

Insecticides

Bicycle Tires

Sports Car Bodies

Nail Polish

Fishing lures

Dresses

Tires

Golf Bags

Perfumes

Cassettes

Dishwasher parts

Tool Boxes

Shoe Polish

Motorcycle Helmet

Caulking

Petroleum Jelly

Transparent Tape

CD Player

Faucet Washers

Antiseptics

Clothesline

Curtains

Food Preservatives

Basketballs

Soap

Vitamin Capsules

Antihistamines

Purses

Shoes

Dashboards

Cortisone

Deodorant

Footballs

Putty

Dyes

Panty Hose

Refrigerant

Percolators

Life Jackets

Rubbing Alcohol

Linings

Skis

TV Cabinets

Shag Rugs

Electrician's Tape

Tool Racks

Car Battery Cases

Epoxy

Paint

Mops

Slacks

Insect Repellent

Oil Filters

Umbrellas

Yarn

Fertilizers

Hair Coloring

Roofing

Toilet Seats

Fishing Rods

Lipstick

Denture Adhesive

Linoleum

Ice Cube Trays

Synthetic Rubber

Speakers

Plastic Wood

Electric Blankets

Glycerin

Tennis Rackets

Rubber Cement

Fishing Boots

Dice

Nylon Rope

Candles

Trash Bags

House Paint

Water Pipes

Hand Lotion

Roller Skates

Surf Boards

Shampoo

Wheels

Paint Rollers

Shower Curtains

Guitar Strings

Luggage

Aspirin

Safety Glasses

Antifreeze

Football Helmets

Awnings

Eyeglasses

Clothes

Toothbrushes

Ice Chests

Footballs

Combs

CD's & DVD's

Paint Brushes

Detergents

Vaporizers

Balloons

Sun Glasses

Tents

Heart Valves

Crayons

Parachutes

Telephones

Enamel

Pillows

Dishes

Cameras

Anesthetics

Artificial Turf

Artificial limbs

Bandages

Dentures

Model Cars

Folding Doors

Hair Curlers

Cold cream

Movie film

Soft Contact lenses

Drinking Cups

Fan Belts

Car Enamel

Shaving Cream

Ammonia

Refrigerators

Golf Balls

Toothpaste

Gasoline

Imo, there will be one more round of oil boom before the electric vehicles truly take hold. Too early to say good bye to black gold.

You must have your head buried in the "sand" if you think the oil commodity is going to change. Shell CEO said low prices are here forever. Even the oil companies believe the future will be electric vehicles, over 100 million by 2035. Truthfully, with Tesla, there will be more then 100 million cars on the road before 2035. Volva will be selling only electric/hybrid cars, the CEO of Shell stated he sold his diesel powered car and bought electric. Times are now changing, the question is, will we be like Kmart, Blockbuster, Sears, and others who did' or wouldn't change or will we start transitioning to other forms of alternative fuel?

It's gonna be Huge.

JS.

Conventional oil is dead in the water when you can get lots of shale oil at much lower cost. Where's the logic to invest heavily in deep water projects when ROI is much better with fracking. It's all about money 'n nothin else.

Don't get too comfortable with "oil coming back". It has gone up as of late because the US Dollar has been down. Once the Dollar strengthens again sorry, the pendulum will swing in the opposite direction for oil.

2lry - I just read your post on being "intellectual pygmies". Its good that you have come out with this and we all support you, no need to be embarrassed. Just to assist you on the education comment, the world is filled with educated extroverted idiots and some companies insist on employing them. A monkey in silk is a monkey no less.

@OwzDCFy-2lry, Yes indeed, good point. You set the example - go out and start studying for your GED.

I love seeing the real Chevron on these boards.

It's obvious the people who have posted here are intellectual pygmies. Isn't there anyone here with a decent education?

Never heard of it,(Oil pro) never needed it, been in the business for years. never unemployed. Don't think I'll miss it - lol.

Oil Pro just went bust. It was a popular website for jobs and updates on the industry. They didn't see signs of a recovery

I am and investor and happen to be doing well. So you guys in the peanut gallery speak for yourselves only.

Mr. Watson, please stop saying this, we are not investors nor do we buy your BS.

Read the news and get someone to explain the economics of oil to you.

Give me some of what you are smoking, snorting or whatever. Living in fantasy denial land can be fun. Living in reality can be a downer.

I'm all over it, buddy. I'm in!!!!

The OP is only pulling everyone's leg. Funny.

there is no way that will happen

Famous last words. Wait until August is over.

ROFL!!! You'll be eating these words within 2 weeks, max.