Discover and read the best of Twitter Threads about #capacity
Most recents (2)
Our @DSP_SPE team represents the student voice in #scienceadvice at the #INGSA_NA18 workshop today among experts from around the world 🔬🔭🌐🖋📃
Our #EmergingExperts: @sung_vanessa @ShawnMcGuirk @tgruos @nehabhutani17 @arthi_ramac
#scipol @INGSciAdvice @SciChefQC @ChiefSciCan
Our #EmergingExperts: @sung_vanessa @ShawnMcGuirk @tgruos @nehabhutani17 @arthi_ramac
#scipol @INGSciAdvice @SciChefQC @ChiefSciCan
.@SciChefQC & @ChiefSciCan note in opening keynote how important it is for the #NextGeneration to be here and well represented, and applaud our #SPEscidip event from last week - thank you for inviting us, we're v happy to be in these discussions #INGSA_NA18 #scipol #scienceadvice
& thx @PeterGluckman for your video introduction, we hope we can meet again soon! Especially with the establishment of an @INGSciAdvice chapter for #NorthAmerica
We appreciate your commitment to engaging #nextgen at the intersection of #science & #policy in #NZ & at #INGSA_NA18
We appreciate your commitment to engaging #nextgen at the intersection of #science & #policy in #NZ & at #INGSA_NA18
Thread....
What is the size of the global #oil spare production #capacity?
1- Spare capacity doesn't matter, what matters is the "effective spare capacity", which is what you can bring on line within 90 days of crude quality that buyers are willing to buy.
#OPEC
What is the size of the global #oil spare production #capacity?
1- Spare capacity doesn't matter, what matters is the "effective spare capacity", which is what you can bring on line within 90 days of crude quality that buyers are willing to buy.
#OPEC
2- therefore, there are three conditions:
a- Supply: has to be produced within 90 days
b- Demand: Buyers are willing to buy it: crude quality and price wise
c- Delivery: Ability to deliver to byers. Stranded #oil production with no pipeline to transport should not be counted,
a- Supply: has to be produced within 90 days
b- Demand: Buyers are willing to buy it: crude quality and price wise
c- Delivery: Ability to deliver to byers. Stranded #oil production with no pipeline to transport should not be counted,
3- Effective spare capacity can be maintained for a long period if needed. Here we have to distinguish between "effective spare capacity" and "surge capacity." If those countries have to increase production only for few days, they can use surge capacity, which is way higher
