Oil Reserves in the U.S. Upped

[Buffalo Roam]

The liberals have only been in power in the Congress for two years. What are we going to do when those expensive sources also deplete? You cornucopians don't have any foresight. What are you going to tell your children when we have raped all federal lands for some temporary gain?

And gas and oil prices have spiraled out of control.

When the Democrats took office gas was + - $ 2.00, oil was $ 70.00 a barrel,
but then the Democrats have consciously voted, not to used our own oil resources to move the U.S. towards energy independence.

Oil prices began to decrease during September 2006, closing below US$66/barrel on September 11, 06.

And Oil Prices Skyrocket over $135.00.

And Gas prices are + - $4.00 a gallon.


PETROLEUM ($/bbl)


---------------------------PRICE*......CHANGE....% CHANGE.......TIME
Nymex Crude Future..........128.88........1.53...........1.20............11:08
Dated Brent Spot..............128.36........1.28...........1.01............11:39
WTI Cushing Spot 125.72..-1.63..........-1.28.........../////............09:06

Yes, thank you Democrats for voting to stop any move to be energy independent.

 

[Buffalo Roam]

You cornucopians don't have any foresight. What are you going to tell your children when we have raped all federal lands for some temporary gain?

Yes what are you going to tell your children when their life span decreases, their standard of living tanks? and they no longer have the foods to feed their families.

You have to have a viable economy to reach the future, oil is still the energy that propels our economy, there is no way to replace it today as the energy source to power our economy, or our lives, almost everything that is used in modern living, which gives us our longevity, comes from oil, the fertilizers to grow our food, the fuel to power the farm equipment to plant and harvest those crops, move those crops to market, here in America and around the world.

Yes, You want utopia today, the new energy, but show me where that new energy is?, that can replace oil today?, show me the infrastructure to deliver that energy to the economy? Show me a mature viable energy source that doesn't destroy more than it delivers as of today.

Just look at the Ethanol fiasco, skyrocketing food prices.

 

[ElectricFetus]

Yes what are you going to tell your children when their life span decreases, their standard of living tanks? and they no longer have the foods to feed their families.

You have to have a viable economy to reach the future, oil is still the energy that propels our economy, there is no way to replace it today as the energy source to power our economy, or our lives, almost everything that is used in modern living, which gives us our longevity, comes from oil, the fertilizers to grow our food, the fuel to power the farm equipment to plant and harvest those crops, move those crops to market, here in America and around the world.

Yes, You want utopia today, the new energy, but show me where that new energy is?, that can replace oil today?, show me the infrastructure to deliver that energy to the economy? Show me a mature viable energy source that doesn't destroy more than it delivers as of today.

Just look at the Ethanol fiasco, skyrocketing food prices.

Show me the size of the remaining Oil reserves in the USA, the untapped ones like ANWAR, and compare it to our present and experiential demand.

Show me the quality of that remaining Oil, how energy positive we can suck/dig it up and how much we need to processes it into sweet crude and gasoline/diesel.

 

[OilIsMastery]

The liberals have only been in power in the Congress for two years.

Now I've heard it all.

Do you know what bipartisan means?

What are we going to do when those expensive sources also deplete?

Sell their Hummer and ride a bike?

You cornucopians don't have any foresight.

Bwahaha. You doomers don't have any sight period.

What are you going to tell your children when we have raped all federal lands for some temporary gain?

That it was all because of biofuels.

http://www.reuters.com/article/latestCrisis/idUSN26273329

Jane Goodall says biofuel crops hurt rain forests

 

[OilIsMastery]

Show me the size of the remaining Oil reserves in the USA, the untapped ones like ANWAR, and compare it to our present and experiential demand.

It can't be shown because noone knows. Drilling is currently illegal on over 10,000 miles of US coastline.

Show me the quality of that remaining Oil

Light-sweet crude.

how energy positive we can suck/dig it up and how much we need to processes it into sweet crude and gasoline/diesel.

Hydrocarbons are the most efficient source of energy on the Earth.

 

[ElectricFetus]

It can't be shown because noone knows. Drilling is currently illegal on over 10,000 miles of US coastline.

We can estimate what in those coastline with a science call geology, so what do we predict are in those coastlines?

Light-sweet crude.

Really? Where? how much?

Hydrocarbons are the most efficient source of energy on the Earth.

Energy as in heat, electricity, by mass or volume, etc? For example Uranium ore is the most efficiently my mass.

 

[spidergoat]

Yes what are you going to tell your children when their life span decreases, their standard of living tanks? and they no longer have the foods to feed their families.

You have to have a viable economy to reach the future, oil is still the energy that propels our economy, there is no way to replace it today as the energy source to power our economy, or our lives, almost everything that is used in modern living, which gives us our longevity, comes from oil, the fertilizers to grow our food, the fuel to power the farm equipment to plant and harvest those crops, move those crops to market, here in America and around the world.

Yes, You want utopia today, the new energy, but show me where that new energy is?, that can replace oil today?, show me the infrastructure to deliver that energy to the economy? Show me a mature viable energy source that doesn't destroy more than it delivers as of today.

Just look at the Ethanol fiasco, skyrocketing food prices.

Nothing will replace it. The decline in our way of life is in-fucking-evitable.

 

[ElectricFetus]

Nothing will replace it. The decline in our way of life is in-fucking-evitable.

I would not say so, perhaps there are other technologies in combination that will replace it, but we can be sure the next few years even the next few decades are going to a very bumpy ride.

 

[spidergoat]

I think few people are aware of the scale of the problem. There are alternatives, but nothing on a viable scale that could replace oil. That points to a complete re-organization of our society. The sooner we start to prepare for this, the less bumpy the ride will be. As long as we are stuck in past patterns of action like BR, and most Republicans, we are heading towards a big shock.

 

[ElectricFetus]

I think few people are aware of the scale of the problem. There are alternatives, but nothing on a viable scale that could replace oil. That points to a complete re-organization of our society. The sooner we start to prepare for this, the less bumpy the ride will be. As long as we are stuck in past patterns of action like BR, and most Republicans, we are heading towards a big shock.

I'm aware of the scale of it, but by your argument no preparation or alternative will allow us a better way of life.

 

[OilIsMastery]

I've got my eyes on a new Hummer. 10 miles per gallon baby! Yeeeeeehah! Hoo rah!

 

[iceaura]

Yes what are you going to tell your children when their life span decreases, their standard of living tanks? and they no longer have the foods to feed their families.

That the wars, toys, and SUVs probably weren't worth it after all.

 

[Buffalo Roam]

I think few people are aware of the scale of the problem. There are alternatives, but nothing on a viable scale that could replace oil. That points to a complete re-organization of our society. The sooner we start to prepare for this, the less bumpy the ride will be. As long as we are stuck in past patterns of action like BR, and most Republicans, we are heading towards a big shock.

No, not even close.

Your understanding of the global market doesn't even do justice to a Titmouse.

Again I have found that as oil usage has went up, so has the supply.

The only thing right now interfering with the supply of oil is a shortage of drilling equipment, not only in the U.S. but across the world, the drilling rig usage is at 100%, and there are new field waiting on rigs to exploit them, over a year for most cases.

On of the problems with the short sighted energy policies in the U.S. generated by the Democrats and the Extreme Environmentalist, is that we stopped investing in new drilling rigs and platforms, and it seem that it was the U.S. who is the biggest suppler of drilling rigs and technology.

The more information that I find, the more that it becomes apparent that there is no shortage of oil, their is a shortage of coherent energy policy, and the infrastructure to exploit the oil available today.

Current information, not doom's day scenarios from the end of the 20th, century.

 

[spidergoat]

We need to find 3.8 million barrels a day just to make up for depletion. There are new discoveries, but even these follow a peak, a bell curve.

 

[Buffalo Roam]

We need to find 3.8 million barrels a day just to make up for depletion. There are new discoveries, but even these follow a peak, a bell curve.

Bull shit, everything follows a bell curve, but what does a bell curve define about the presence of OIL?

The Bell Curve is only accurate for the field that is tracks.

An oil discovery by Chevron Corp. has bolstered prospects that petroleum companies will be able to tap giant reserves that lie far beneath the deep waters of the Gulf of Mexico, 15 billion barrels, of oil from a geological area known as the lower tertiary trend, making it the biggest addition to U.S. petroleum reserves in decades. The upper end of the estimate could boost U.S. reserves by 50 percent.

How many 3.8 million barrels are in 15 billion barrels?

and that is only one of the finds.

The reason that we are short 3.8 million barrels is short sighted energy policies, here and around the world.

Shortages in drilling capacity, and refining capacity, not shortage of oil, the E&P shows that, there are at least 50 fines in the billion bbl range that are waiting drilling capacity to bring them on line, Peak Oil,..........the last century
bogy man, the Dooms Day for the world, they haven't been right for the last 5,000 years, a great track record that says they are wrong again.

Energy independence, drilling our own resources and bringing Nuclear Power on line, will get us there faster than waiting on renewable energy, and do more for our security than any thing else we can do.

 

[spidergoat]

The true picture is not as rosy:

Regarding the big picture, one important question revolves around how people interpret these reserves estimates. Typically, there is a knee-jerk response that greets any large discovery because many, even some who should know better, believe that reserves and production flows are somehow equivalent. That is not the case. Another important question revolves around the use of extreme production measures in "final frontier" areas like the Walker Ridge deepwater. Rather than indicating continued abundance in oil supply, such measures may be viewed more accurately as indicating the great lengths oil producers must go to in order to find more oil to meet the world's insatiable demand. The "low-hanging fruit" is gone and so is the era of the cheap oil. Ultimately, this is the meaning of the Jack-2 test well and hopes for production from the Lower Tertiary of the Gulf of Mexico.

Production from the [presumably, the entire Lower Tertiary] area could add 300,000 to 500,000 barrels of oil a day to U.S. output.

Source:​

(The area is also subject to frequent hurricanes.)

 

[OilIsMastery]

Source:

From the article you quoted:

You can tune out all the scare talk about Peak Oil for a while--probably a long while. Peak Oil is the theory, on the verge of becoming conventional wisdom, that the world's petroleum supply is topping out and will not be able to meet global demand soaring along with the economies of China and India. But a successful test in a mammoth field deep beneath the Gulf of Mexico, announced on Sept. 5 by Chevron (CVX), Devon Energy (DVN), and Norway's Statoil (STO), should help put that scary scenario on hold for decades....

Cambridge Energy Research Associates predicts world oil and natural gas liquids capacity could increase as much as 25% by 2015. Says Robert W. Esser, a director of CERA: "Peak Oil theory is garbage as far as we're concerned."

 

[hypewaders]

Peak oil is real. It just happened in the great Ghawar. Unconventional and deep reserves are not the same cheap resource as were the great Mideast discoveries- not in terms of extraction, and not in terms of refining.

For USAmericans, the most critical peak of all is in hegemony. The present Bush Administration has precipitously undermined our influence in the Mideast for at least a generation, while pawning our economy. Simultaneously, the US lead in petroleum managerial, exploration and production technologies has expired. That means that as Asia booms, our Asian creditors will most likely be closing the big oil deals henceforth. The USAmerican petroleum edge has clearly peaked in terms of maintaining the artificial control and manipulation of petroleum markets, and it's a very long way down from here.

BTW if your going to cite Cambridge Energy Research Associates on this topic, it would be appropriate to include their self-promotion as the voice of the petroleum industry. Honesty isn't always the preferred policy when courting consumer confidence under conditions of diminishing supply.

Energy Bulletin: CERA’s peak oil critique has a credibility problem

 

[OilIsMastery]

Peak oil is real.

Real garbage.

It just happened in the great Ghawar.

No it didn't JUST happen. It happened in 1981: http://peakoildebunked.blogspot.com/2005/09/119-will-world-peak-when-ghawar-peaks.html

Here's the FYI folks... Ghawar peaked in 1981:

The Ghawar Field was discovered in 1948. Production began in 1951 and reached a peak of 5.7 million barrels per day in 1981. This is the highest sustained oil production rate achieved by any single oil field in world history. At the time that this record was achieved, the southern areas of Hawiyah and Haradh had not yet been fully developed. Production was restrained after 1981 for market reasons, but Ghawar remained the world's most important oil field. The production of Russia's Samotlor field was greater during the mid-eighties, but this was because Ghawar's production was restrained. Development of the southern Hawiyah and Haradh areas during 1994 to 1996 allowed production from the Ghawar Field to exceed 5 million barrels per day once again, more than Samotlor ever produced.

Source: http://www.gregcroft.com/ghawar.ivnu

The Ghawar Field is abiotic and infinite which is why Saudi reserves always stay the same or go up even though they pump 10 mbpd.

http://www.offshore-mag.com/display...e-Middle-East-fields-may-produce-oil-forever/

From a scientific perspective, one can deduce that organic sources alone are not enough to explain them with satisfaction. Therefore, there should be another source and/or process capable of providing convincing answers. ...

They also concluded that although there is some similarity between the chemical compounds found in the oil, and those found in the organic materials in the carbonates, the source of oil is deeper. However, they failed to pinpoint that source.

I'll give you a clue. It starts with M and ends with antle.

 

[hypewaders]

"The Ghawar Field is abiotic and infinite"

The fact remains that the abiotic theory of petroleum genesis has zero credibility for economically interesting accumulations. 99.9999% of the world's liquid hydrocarbons are produced by maturation of organic matter derived from organisms. To deny this means you have to come up with good explanations for the following observations:

1) The almost universal association of petroleum with sedimentary rocks.

2) The close link between petroleum reservoirs and source rocks as shown by biomarkers (the source rocks contain the same organic markers as the petroleum, essentially chemically fingerprinting the two).

3) The consistent variation of biomarkers in petroleum in accordance with the history of life on earth (biomarkers indicative of land plants are found only in Devonian and younger rocks, that formed by marine plankton only in Neoproterozoic and younger rocks, the oldest oils containing only biomarkers of bacteria).

3) The close link between the biomarkers in source rock and depositional environment (source rocks containing biomarkers of land plants are found only in terrestrial and shallow marine sediments, those indicating marine conditions only in marine sediments, those from hypersaline lakes containing only bacterial biomarkers).

4) Progressive destruction of oil when heated to over 100 degrees (precluding formation and/or migration at high temperatures as implied by the abiogenic postulate).

5) The generation of petroleum from kerogen on heating in the laboratory (complete with biomarkers), as suggested by the biogenic theory.

6) The strong enrichment in C12 of petroleum indicative of biological fractionation (no inorganic process can cause anything like the fractionation of light carbon that is seen in petroleum).

7) The location of petroleum reservoirs down the hydraulic gradient from the source rocks in many cases (those which are not are in areas where there is clear evidence of post migration tectonism).

8 ) The almost complete absence of significant petroleum occurrences in igneous and metamorphic rocks (the rare exceptions discussed below).

The evidence usually cited in favour of abiogenic petroleum can all be better explained by the biogenic hypothesis e.g.:

9) Rare traces of cooked pyrobitumens in igneous rocks (better explained by reaction with organic rich country rocks, with which the pyrobitumens can usually be tied).

10) Rare traces of cooked pyrobitumens in metamorphic rocks (better explained by metamorphism of residual hydrocarbons in the protolith).

11) The very rare occurrence of small hydrocarbon accumulations in igneous or metamorphic rocks (in every case these are adjacent to organic rich sedimentary rocks to which the hydrocarbons can be tied via biomarkers).

12) The presence of undoubted mantle derived gases (such as He and some CO2) in some natural gas (there is no reason why gas accumulations must be all from one source, given that some petroleum fields are of mixed provenance it is inevitable that some mantle gas contamination of biogenic hydrocarbons will occur under some circumstances).

13) The presence of traces of hydrocarbons in deep wells in crystalline rock (these can be formed by a range of processes, including metamorphic synthesis by the fischer-tropsch reaction, or from residual organic matter as in 10).

14) Traces of hydrocarbon gases in magma volatiles (in most cases magmas ascend through sedimentary succession, any organic matter present will be thermally cracked and some will be incorporated into the volatile phase, some fischer-tropsch synthesis can also occur).

15) Traces of hydrocarbon gases at mid ocean ridges (such traces are not surprising given that the upper mantle has been contaminated with biogenic organic matter through several billion years of subduction, the answer to 14 may be applicable also).

The geological evidence is utterly against the abiogenic postulate.

Cheers

Jon Clarke