$this->bbcode_second_pass_quote('Pops', '
')But even with reserve growth we’ve been finding less and less and smaller and smaller for 40 or so years so a huge find does seem improbable.
PeakOil is You
The US gulf coast (merged)
Re: Scientists Discover (Biggest Ever) Oil field off U.S. co
by Pops » Mon 01 May 2006, 17:52:13
Not true RGRs?
The legitimate object of government, is to do for a community of people, whatever they need to have done, but can not do, at all, or can not, so well do, for themselves -- in their separate, and individual capacities.
-- Abraham Lincoln, Fragment on Government (July 1, 1854)
-- Abraham Lincoln, Fragment on Government (July 1, 1854)
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Re: Scientists Discover (Biggest Ever) Oil field off U.S. co
by ReserveGrowthRulz » Mon 01 May 2006, 18:05:53
$this->bbcode_second_pass_quote('Pops', '
')
But even with reserve growth we’ve been finding less and less and smaller and smaller for 40 or so years so a huge find does seem improbable.
')
But even with reserve growth we’ve been finding less and less and smaller and smaller for 40 or so years so a huge find does seem improbable.
I found a great website recently. It compares reserves from 1980 to reserves in 2004 from the BP Statistical Review.
Reserves in 1980? 667GB
Production between 80-04? 609GB
OH NO! WE'RE RUNNING OUT!!
Maybe new field discoveries will save us?
NO!
New field discoveries are 339GB in this same time period!
And what comes in and rescues the world?
Why...RESERVE GROWTH!! TADA!
How can this BE! Reserves in 2004 are 1189GB and we've produced 609GB in just the past 24 years? Thats an ultimate of 1.7T BBLs right there.....and we're pretty much just talking about conventional resources...not much exotic at all.
So reserve growth in 24 years is what, 3 times the size of new field discoveries? I wouldn't sweat the size of new field discoveries, they are going to get bigger anyway. As they have before.
My reference was quite a nice blog set up here....he's got most everyone here beat as far as coherent arguements go.
http://peakoildebunked.blogspot.com/
Notice his comments on the USGS, one of the few people I have EVER seen who does there work credit for its geological insite....something most people around here ignore right out of the box because they don't want to beleive that there are experts out there who disagree with them...and have the information to back it up.
Last edited by ReserveGrowthRulz on Mon 01 May 2006, 18:07:08, edited 1 time in total.
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Re: Scientists Discover (Biggest Ever) Oil field off U.S. co
by Aaron » Mon 01 May 2006, 18:06:57
You devoted 3 pages to this?
lol
Slow news day guys or what?
I mean this has to be like one of the most discussed topics of all time in here.
And has been so thoroughly debunked it's embarrassing...
-------------------------------------
It's not that the entire planet has been explored for oil... Obviously not.
But we think we found most of the best spots already.
And after this, things get smaller & tougher to find.
This is all old think anyway.
PO hinges on OPEC.
If OPEC has lied about it's reserves numbers then it's a short drop with a quick stop for all of us.
Or, to the extent they have lied... the world suffers to that extent.
OPEC truth = PO 2030
OPEC lied = PO 2005-2010
Just like Simmons says.
lol
Slow news day guys or what?
I mean this has to be like one of the most discussed topics of all time in here.
And has been so thoroughly debunked it's embarrassing...
-------------------------------------
It's not that the entire planet has been explored for oil... Obviously not.
But we think we found most of the best spots already.
And after this, things get smaller & tougher to find.
This is all old think anyway.
PO hinges on OPEC.
If OPEC has lied about it's reserves numbers then it's a short drop with a quick stop for all of us.
Or, to the extent they have lied... the world suffers to that extent.
OPEC truth = PO 2030
OPEC lied = PO 2005-2010
Just like Simmons says.
The problem is, of course, that not only is economics bankrupt, but it has always been nothing more than politics in disguise... economics is a form of brain damage.
Hazel Henderson
Hazel Henderson
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Re: Scientists Discover (Biggest Ever) Oil field off U.S. co
by ohanian » Mon 01 May 2006, 18:07:09
We are safe! We are safe!
There is enough new oil to last the whole world for 20 years!!!!
There is enough new oil to last the whole world for 20 years!!!!
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Re: Scientists Discover (Biggest Ever) Oil field off U.S. co
by big_rc » Mon 01 May 2006, 18:14:44
Will people please do some cursory research before posting absolute crap to this site!!
Let's do a little simple investigation (that the OP could have done but was a gullible sucker instead).
Here is our friend Larry Cathles (mentioned in the article)
Larry Cathles
OK at that page, I would like anyone to see if "gas washing" is mentioned anywhere as one of his research projects. In fact this guy's expertise is in metals not petroleum.
Let's use our heads next time please.
Let's do a little simple investigation (that the OP could have done but was a gullible sucker instead).
Here is our friend Larry Cathles (mentioned in the article)
Larry Cathles
OK at that page, I would like anyone to see if "gas washing" is mentioned anywhere as one of his research projects. In fact this guy's expertise is in metals not petroleum.
Let's use our heads next time please.
Simon's Law: Everything put together falls apart sooner or later.
I don't think of all the misery, but of all the beauty that still remains.--Anne Frank
I don't think of all the misery, but of all the beauty that still remains.--Anne Frank
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Re: Scientists Discover (Biggest Ever) Oil field off U.S. co
by Leanan » Mon 01 May 2006, 18:30:21
It's official - it's bogus. Even Larry Cathles says so.
$this->bbcode_second_pass_quote('', 'I') called and talked to Larry Cathles and he said it was a bogus fabrication. There is a large amount of source rock down there, and his group studied where it was migrating to, but in no sense did they find significant amounts of recoverable oil.
$this->bbcode_second_pass_quote('', 'I') called and talked to Larry Cathles and he said it was a bogus fabrication. There is a large amount of source rock down there, and his group studied where it was migrating to, but in no sense did they find significant amounts of recoverable oil.
"The problems of today will not be solved by the same thinking that produced the problems in the first place." - Albert Einstein
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Re: Scientists Discover (Biggest Ever) Oil field off U.S. co
by JPL » Mon 01 May 2006, 19:26:33
$this->bbcode_second_pass_quote('Leanan', 'I')t's official - it's bogus. Even Larry Cathles says so.
$this->bbcode_second_pass_quote('', 'I') called and talked to Larry Cathles and he said it was a bogus fabrication. There is a large amount of source rock down there, and his group studied where it was migrating to, but in no sense did they find significant amounts of recoverable oil.
$this->bbcode_second_pass_quote('', 'I') called and talked to Larry Cathles and he said it was a bogus fabrication. There is a large amount of source rock down there, and his group studied where it was migrating to, but in no sense did they find significant amounts of recoverable oil.
Hi Leanan,
Yea, it was pretty obvious to anyone 'PO' literate that it was being economical with the truth. For starters it wasn't stating what the recoverable estimates were - or in fact any big-G 'Geology' at all.
Hey, we all know the planet is awash with oil - does where it's going to come from ultimately going to matter? In fact, if it really doesn't exist, it will (very) soon become necessary to invent some. Maybe Antartica - lot's of promise there. Or some un-explored reach of Siberia. Or, if you really want to hit the spot, right back where we found it the last time. Whoopie!
I have three young children and last year I took them to Euro-Disney. My 6-year-old daughter (who is my favourite, I will admit that) sat my shoulders and we watched the Princess Parade together. It was a magical moment.
I haven't told my Children about Peak Oil. My wife & I have talked about it (we are both PO converts) & we also agree that they should enjoy what remains of their childhood whilst they can.
My point is, if I am doing this, surely everyone else is too - but maybe on a bigger scale. Fantasy, is after all, a lot more attractive than the alternative. I mean, more oil, more exponential growth, more nuclear, it doesn't really matter where it's coming from, does it?
Witness this 'big discovery' web-site. Expect our leaders to do the same soon - except bigger, and more professional ;o)
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