The 20K BPD of production within 5 - 7 miles of th
Post# of 4466
(Total Views: 1419)
Posted On: 02/14/2019 2:28:14 PM
Re: DieselBuzz #4415
The 20K BPD of production within 5 - 7 miles of the MMEX-scam site has to be one of the most laughable, comically stupid claims ever.
At best, it is misleading.
Crude supplies for refineries come from crude terminals. MMEX-scam advocates are easily mislead, because they have virtually no knowledge, or understanding of anything - and zero sector knowledge.
Crude from producing wells is aggregated from pad-site battery storage, or via gathering network - flow-lines from the well-head to tank batteries. From there, it moves to terminal storage for field treatment, grading, and blending.
From the crude terminal, crude stock moves either by OTR tanker, rail, or pipeline to the point of processing - a refinery.
The nearest crude terminal is 31-miles distant, from the MMEX-scam site, as the crow flies.
The location of crude production is irrelevant in the MMEX-scam case, other than as misleading information to unsophisticated “investors” who have less than zero understanding of the sector.
Mad J.’s imaginary supply agreement has been “pending” for more than 18-months. Like everything else that comes from Mad J., that’s almost certainly another false claim.
At best, it is misleading.
Crude supplies for refineries come from crude terminals. MMEX-scam advocates are easily mislead, because they have virtually no knowledge, or understanding of anything - and zero sector knowledge.
Crude from producing wells is aggregated from pad-site battery storage, or via gathering network - flow-lines from the well-head to tank batteries. From there, it moves to terminal storage for field treatment, grading, and blending.
From the crude terminal, crude stock moves either by OTR tanker, rail, or pipeline to the point of processing - a refinery.
The nearest crude terminal is 31-miles distant, from the MMEX-scam site, as the crow flies.
The location of crude production is irrelevant in the MMEX-scam case, other than as misleading information to unsophisticated “investors” who have less than zero understanding of the sector.
Mad J.’s imaginary supply agreement has been “pending” for more than 18-months. Like everything else that comes from Mad J., that’s almost certainly another false claim.
Quote:
Oh, and this info added in too:
"Over 20,000 BPD of crude production is estimated to be available within 5 to 7 miles
of project site"
and according to the presentation the contract is ready to be executed.
He could literally run the shortest pipeline and have all the crude he wanted for this modern refinery.
Construction of the Pecos Refining & Transport, LLC is progressing quite nicely if I do say so myself.
Thank you , Mr. hanks
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