Buffalo Roam
Registered Senior Member
Inverted, can you follow the logic of my method?
Oil Reserves in the U.S. Upped
- Thread starter Buffalo Roam
- Start date
Inverted, can you follow the logic of my method?
Sure. And they sure don't add up to 30 billion barrels per year, check back the last 5-10 years.
By the way the whole biotic-abiotic argument is useless and irrelevant as far as you can agree that oil is not going to be made in 50 years...
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He probably can't because you are illogical...
So again, simple business question: If oilprices quadriplied in the last 5 years, wouldn't it be the best interest of the producers to sell just as much as they can? But wait a minute, they are already doing it! Those damned prices are still not dropping...Must be something in the oil I guess...
Enmos
Valued Senior Member
Heh.
Oops.
Cut and paste error:
http://www.sciforums.com/showthread.php?p=1852029#post1852029
Buffalo Roam:
Sure. But oil is way more complex than methane.
Oops.
Cut and paste error:
http://www.sciforums.com/showthread.php?p=1852029#post1852029
Buffalo Roam:
Sure. But oil is way more complex than methane.
Oh, I took a second look at the OP:
Oh you superdummy! Bakken is not crude oil!
Peak oil is about crude oil and superdummies like you talk about oilshales and tar sands because well, you guessed it right, crude oil has peaked!!!
Man, I would love to hear a dude like you just for once to acknowledge that he was completely WRONG, but I won't hold my breath...
P.S.: I could explain the problem of tar sands, but you are too dumb to understand it anyway...
Oh you superdummy! Bakken is not crude oil!
Peak oil is about crude oil and superdummies like you talk about oilshales and tar sands because well, you guessed it right, crude oil has peaked!!!
Man, I would love to hear a dude like you just for once to acknowledge that he was completely WRONG, but I won't hold my breath...
P.S.: I could explain the problem of tar sands, but you are too dumb to understand it anyway...
Buffalo Roam
Registered Senior Member
Yes 5 carbon atoms, but they both are hydrocarbon, and according to the obtuse, hydrocarbons can't form abioticly.
Now were is the biotic mass on Titan to generate the methane?
How about the temprature needed to cook the biotic mass to generate the hydrocarbons? -183 deg. C.
Remember, methane is a organic compound that containes carbon and hydrogen.
Buffalo Roam
Registered Senior Member
Bakken is the name given the find, no where did I say Bakken was the crude oil, and if you care to read the reports, the technology to drill the Bekken Formation, and recover crude, light and sweet, exist today.
Please do some research into the facts before you expound.
ps: Remember, methane is a organic compound that containes carbon and hydrogen. O-R-G-A-N-I-C.
Buffalo Roam
Registered Senior Member
Your own statement proves yourself wrong.
In the last 8 years 79 new elephants have been identified, and are in the process of being brought on line, 33 more are waiting to be explored and mapped, you yell for new technology, well there is new technology for locating new reserves, can you spell obtuse?
Now where do you come up with the hypotheses that Oil isn't going to be made in 50 year?
Buffalo Roam
Registered Senior Member
I never even played
You just lost.
So what's this that Dakota has 200 bb? That seems like a hell of a lot of oil to me. I do think that oil will eventually run out and I want aa appropriate responce BUT it also seems like IF we have a lot of oil then we don't NEED to spent everything on new energy and instead can spend less while using other money to develop other tech.
Also, we don't HAVE to sell USA oil to China and India. We could, but we shouldn't have to .
Also, we don't HAVE to sell USA oil to China and India. We could, but we shouldn't have to .
Buffalo Roam
Registered Senior Member
I'm not the one explaining thing to cats.
Then why are you bringing it up concerning peak oil?
The problem with Bakken is, as usual, that it will be just a drop in the ocean. Crunch the numbers again...
OK, a field is considered to be an elephant with 1 billion reserves. So if those 79 are around 2 billions average, that 160 billions only give us 5+ years extra with current usage... The more important is the sum of those fields.
You can have 20 elephants (with 1 billion barrels) new discoveries per year and still fall short of the world's 30 billions usage...
Don't you think in the last 100 years we would have noticed if it could be???
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Buffalo Roam
Registered Senior Member
Exactly, the problem isn't with quantity, it's is with capacity, and we have let our capacity to drill and refine fall precipitously during the last 4 decades.
Buffalo Roam
Registered Senior Member
Neither do I. Although I have to admit that I thought that oil was solely of organic origin.
So you admidt that oil isn't soley of biotic origin?
OK, now finally we agree on something. With all this oil shale and tar sand business the problem is the SLOW rate of production or capacity. When you have a burning house it doesn't help if the house is next to a lake if you can bring the water only in a few buckets.
That is the exact problem with the Canadian tar sands, the most we ever gonna reach as capacity goes is around 4 mbpd. Right now it is a bit more than 1 mbpd. Helps a little but we need way more.
The same thing applies to Bakken. Not to mention the enviromental problems and the high cost of producing or the need for lots of water as is the case in Canada...
Let's crunch some numbers again. World consumption is around 74 mbpd, and the predicted demand in 10 years is above 100, assuming it could be statisfied. So we need to find new reserves not just to replace the old fields, but to make up for the new extra demand...
Buffalo Roam
Registered Senior Member
Again your own post proves you wrong;
Bakken Formation 100 billion barrels of oil = 3 years, and there are 79 new major discoveries since 2000, we are well past discovering 30 billion barrels a year, it is capacity that need to catchup.
The U.S. uses 5.7 billion barrels a year? That provide's 17 1/2 years of oil for the U.S. no imports.
http://www.anwr.org/case.htm
Buffalo Roam
Registered Senior Member
But we are not talking about the Tar Sands of Canada, we are talking about the Bakken Formation, Jack 1-2-3-4-5-6-7-8, and the fact that the technology exist today and in being put into place as you argue, to recover that oil, again read the latest information, Time stand still for no one, neither does technology, or exploration.
The U.S. uses 5.7 billion barrels a year? That provide's 17 1/2 years of oil for the U.S. no imports, from Bakken, now how about all the rest of the finds in the U.S. and Gulf of Mexico, let along the fields off the west and east coast, the problem is bad energy policy that lead to to little capacity, not to little oil.
Crunching numbers? with the 17 1/2 years from Bakken, add the 2006 reserve in the U.S. of 5.7 billion barrels that equales 3 1/2 years of oil, which make 21years of production avalably, plus the Jack Fields, add Horn Mountian, at 150 milliom barrels of crude, yes lets crunch the numbers, they add up to more then 30 million barrels a year now don't they.
Horn Mountain
Field/Project Ownership
Project Name: Horn Mountain
Operator: BP
Ownership: BP 67%,
Occidental 33%
Location
Region: N. America - US GOM
Country: US
Location/Block: Mississippi Canyon 126-127
Water Depth: 1,646 meters
5,399 feet
Reserves convert these values
Total Oil Reserves: 150 mmboe Total Gas Reserves: --
Rec. Oil Reserves: -- Rec. Gas Reserves: --
Daily Oil Prod. Cap.: 65,000 bopd Daily Gas Prod. Cap.: 68 mmcf/d
Discovery & Development Production
Discovery Date: August 1999 Production Start Date: November 2002
Discovery Rig: Ocean Victory Est. Field Life: Unknown
Govt Approval Date: October 2000 Duty: Oil/Gas
Development Cost: $600,000,000 USD Host Type: SPAR Platform
6. Hess Corp.'s preliminary analysis of its Pony prospect shows a discovery in Green Canyon 468 . The well reached some 300 ft (92 m) of net pay, based on logging-while-drilling data, on its way to 32,500 ft (9,912 m). The company also is testing deeper potential that the discovered pay zone. Preliminary analysis indicates reserves between 100 million and 600 million boe. Based on early results, the company plans appraisal wells, has started conceptual studies for production and could move to the engineering, procurement and construction stage as early as 2007, according to Ogilvie's E&P Daily .
7. Australia's BHP Billiton approved development of its Shenzi field using a tension-leg platform in 4,300 ft (1,311 m) of water. The company designed the platform to handle up to 100,000 b/d of oil and 50 MMcf/d of gas. The Green Canyon 609, 610, 653 and 654 field initially will produce from seven wells, but that number will grow to 15 under full development. BHP has estimated the cost of the project through 2015 at US $4.4 billion to produce estimated reserves between 350 million and 400 million boe. The company also will test the surrounding area for addition reserve potential. BHP anticipates first oil by mid-2009.
6. Calgary, Alberta, Canada-based Husky Energy registered a discovery as it drilled its White Rose O-28 delineation well in its White Rose field offshore Newfoundland . The well found a 919-ft (280-m) oil column with a multi-layered reservoir in the Ben Nevis Avalon. Husky is drilling a sidetrack to evaluate the reservoir, but 3-D seismic and results from the O-28 well indicate a potential 40 million to 90 million bbl of recoverable oil in addition to the 240 million bbl already proved at White Rose. The company plans further delineation drilling in coming years. Meanwhile, it will tie its latest discovery back to the SeaRose floating production, storage and offloading vessel that serves White Rose field. The field currently produces 85,000 b/d of oil from four wells. A fifth well being completed now will raise production to approximately 110,000 b/d of oil. A sixth well, due on line near the end of this year, will boost production to 125,000 b/d.
11. Bill Barrett Corp., Denver , Colo. , drilled a wildcat in northern McKenzie County , N.D. The 44-30H Schmitz , Section 30-152n-100w, 10 miles (16 km) northeast of Alexander , N.D. , pumped 188 bbl of 42° oil with 113 Mcf of gas and 157 bbl of water per day. The well is producing from an open-hole horizontal Ratcliffe lateral extending from 9,703 to 14,704 ft (2,959 to 4,485 m). The 44-30H Schmitz is 2 miles north of Sakakawea field and 2.5 miles (4 km) northeast of the 2-1 Forthun discovery in Section 1-151n-101w. The well was completed 2 years ago pumping 725 bbl of oil with 620 Mcf of gas and 63 bbl of water per day from an open-hole horizontal Nesson interval extending from 9,415 to 13,232 ft (2,872 to 4,036 m).
Horn Mountian.......150 million barrels of oil.
Pony prospect shows a discovery in Green Canyon 468.....between 100 million and 600 million bbl.
Shenzi field.......350 million and 400 million bbl.
White Rose O-28.......40 million to 90 million bbl.
McKenzie County........725 bbl of oil.
Yes lets crunch the numbers, shall we? Syzygys , Huh.
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Buffalo Roam
Registered Senior Member
Plus one other thing, cars can run on natural gas, Lp. any engine can run on Lp., it burns clean, so why haven't we gone the Lp. route? It can be used to heat, power generators, run engines, it is plentiful, and it is a hydrocarbon.