Peak Oil is You
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Page added on June 13, 2006
Chevron CEO doesn’t see oil crisis looming
Chevron CEO David O’Reilly being interviewed:
“The worst-case doomsday scenario is highly unlikely. The world has a lot of hydrocarbon resources. Coal is a plentiful resource in the United States, where we have more reserves than any other nation.
“People who think that peak oil will occur are just looking at conventional oil. You have to think beyond that. Think of all the other hydrocarbon sources, the oil sands in Canada, the natural gas. Think of all the remote areas of the world that have not yet been explored: the whole of eastern Siberia, the Arctic, the deeper (ocean) waters.”
“We’re a very technology-intensive business.
“One of the things we do well is subsurface imaging, which takes physical data and converts it into models of what we think is under the Earth’s surface.
“Or the technology around directional drilling, the ability to communicate instantaneously by satellite from drilling operations in Angola to our labs. …
“We also use remote cameras and robotics, which came out of the space program. You’ve got a guy sitting on an oil platform, and he’s operating a device that’s actually installing valves and making repairs on the seabed.
“We just drilled a well in the Gulf of Mexico that’s 34,000 feet — the deepest well ever drilled. That’s like flying in an airplane at cruising altitude and drilling to sea level.”
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