Oil Reserves in the U.S. Upped

[Buffalo Roam]

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.)

Nobody is claiming that the new oil is easy, but it's there, and it isn't just the Gulf, there are the Kitchens, and about another 60 fields awaiting exploitation in the northern continent not subject to hurricanes.

Why do you always look at only one field at a time, the Jack field is one, add the rest and oil production becomes the 3.8 million need barrels very easily.

Now how about the rest of the world, field are coming in at a rate each month that make up for the shortage plus growth, the restraining fact today is that rigs are at 100% usage, and that we and the rest of the world are turning them out as fast as possible to bring in the new field.

If we had a decent energy policy we could have found and exploited this;


http://news.bbc.co.uk/2/hi/americas/4808466.stm

Wednesday, 15 March 2006, 11:44 GMT

Mexico discovers 'huge' oil field

Mr Fox's government wants Mexico to maintain its current output
Mexican President Vicente Fox has announced the discovery of a new deep-water oil field, which is believed to contain 10bn barrels of crude.

Thunder Horse, Thunder Horse 2, Thunder Horse North, 250,000b/d in production.

Horn Mountain, 65,000 barrels of oil and 68 million cubic feet of gas per day .

Eugene Island, 15,000 barrels a day.

Shenzi 350 million and 400 million boe.

Coming up are the The Great White, Tobago and Silvertip.

The real kick in the ass though is the fact that China is going to be drilling off the coast of Florida, in the Florida Straights, waters that we should have been drilling 10 years ago.

CHINA STARTS OIL DRILLING
May 21, 2006 ... China is eager to tap into oil reserves in the Florida Straits and then ... that prevent dealing with Cuba to drill in the Florida Straits. ...
http://www.americanfreepress.net/html/china_starts_oil_drilling.html
China, India, Cuba in Gulf oil partnership - May. 9, 2006
May 9, 2006 ... China, Cuba reported in Gulf oil partnership ... Firms from China and India will be drilling for oil off the coast of Cuba, ...
http://money.cnn.com/2006/05/09/news/economy/oil_cuba/index.htm
Gateway Pundit: It's Official, Cuba Hires China to Drill Oil Off ...
May 14, 2006 ... The Cuban government is to allow China to station 12 oil rigs in its waters in the Gulf of Mexico. Fidel Castro's government has stepped up ...
http://gatewaypundit.blogspot.com/2006/05/its-official-cuba-hires-china-to-drill.html

 

[OilIsMastery]

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

An absolute lie based on utter ignorance of petroleum geology and a lack of education.

http://aapgbull.geoscienceworld.org/cgi/content/abstract/44/8/1416?ck=nck

Commercial oil deposits in basement rocks are not geological “accidents” but are oil accumulations which obey all the rules of oil sourcing, migration and entrapment; therefore in areas of not too deep basement, oil deposits within basement rocks should be explored with the same professional skill and zeal as accumulations in the overlying sediments’, Landes et al. (1960), AAPG Bulletin

http://www.geolsoc.org.uk/gsl/publi...5;jsessionid=0FA82D3A42A493178BA8E07C8AD8AD70

"It is of course no secret that hydrocarbons can reside in crystalline rocks" -- Nick Petford and Ken McCaffrey, Hydrocarbons In Crystalline Rocks, Geological Society, Special Publication 214, 2003

http://www.ias.ac.in/currsci/jul252004/147.pdf

Current Science: Hydrocarbon Production From Fractured Basement Formations (Sircar, 2004)

http://www.sciencedirect.com/scienc...serid=10&md5=ed0364273a18afe7ff4a6fe1c67f3b48

Nonconventional hydrocarbon targets in the crystalline basement, and the problem of the recent replenishment of hydrocarbon reserves

Basic examples of petroleum production from igneous source rocks are White Tiger in Vietnam and Qarn Qaymah 2 in Yemen.

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 number 2 LOL) 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).

The so-called "Biomakers" in oil are a contaminant. As a matter of fact oil contains abiomarkers called molecular diamondoids. As everyone knows, diamonds can only be formed under extreme pressure and such pressures only exist in one place - the lithospheric mantle.

http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2002/12/03/BU64021.DTL

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).

Another complete lie based upon ignorance of petroleum geology.

http://www.bloomberg.com/apps/news?pid=20601086&sid=aalWn.eJHGZk&refer=latin_america

Brazil Oil Trapped by 500-Degree Heat

 

[iceaura]

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

An absolute lie based on utter ignorance of petroleum geology and a lack of education.

The first couple of links you posted refer to oil associated with sedimentary "source rock" .

That is yet more evidence of the "almost universal association of oil with sedimentary rock".

So did you read them ? There has to be some kind of reason you keep posting links that contradict your own assertions. These are the latest of what is becoming dozens.

 

[OilIsMastery]

The first couple of links you posted refer to oil associated with sedimentary "source rock" .

No dear. The first couple of links I posted refer to oil associated with igneous "source rock." That's what basement rock means - igneous.

So did you read them ? There has to be some kind of reason you keep posting links that contradict your own assertions. These are the latest of what is becoming dozens.

I think you need to go back to preschool and learn what crystalline basement rocks are, namely igneous.