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Post by dontgetoutmuch on Jun 19, 2012 10:21:08 GMT
Things are getting interesting in the oil-patch. There is so much natural gas out there right now, that many of the majors seem to be scrambling away from pure gas plays. Exxon just pulled completely out of Poland, even though Poland desperately needs an internal supply of gas. I don't blame em, nobody in their right minds would want to depend on Putin and Co. when it gets cold. A company here in Alaska recently (last fall) brought a rig back to Cook inlet for the first time in 30 years, and hit in the neighborhood of 750 million to 1.5 trillion cubic feet of gas when they were only halfway to their target depth. They drilled for 28 days. Drilling has resumed this spring. They are hoping for oil in the deeper formation.
I personally think that there is still plenty of coal, oil and gas out there. Enough for hundreds of years of production. What stands in the way of this is what I think of as the watermelon coalition. All of the major "Eco" groups have been infested with socialists and progressives. After the Soviet Union imploded. These groups are determined to undermine the West by any means necessary. No one, other than the long haired wild eyed crunchy granola types really believe in AGW, it is simply a means to an end. I have to admit, those nutters have done a lot of damage over the past couple of decades, and, along with their progressive brethren that have infiltrated our governments they are going to bring Europe down. Greece and Spain might not last until the fall, it all depends on Germany, and to a lesser degree France. Do they amputate and try to save the patient, or wait and see if the gangrene that socialists have made the PIIGS consumes them. Greece cannot repay its debt. Unless Spain gets a bailout THIS WEEK, they are probably toast. We all know what happens when the left runs out of other peoples money, the only questions are, when will the EU begin to die, and how many people are destroyed.
Hmmm, Oh look! It's 2 in the morning, and my tinfoil hat is really tight! :-)
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Post by hrizzo on Jun 19, 2012 13:27:25 GMT
dontgetoutmuch:
You are right, pal!
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Post by throttleup on Jun 19, 2012 16:29:21 GMT
“There are two ways to conquer and enslave a nation. One is by sword, the other is by debt.”
John Adams
2nd President of the United States
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Post by pidgey on Aug 7, 2012 14:57:00 GMT
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Post by pidgey on Aug 7, 2012 15:10:41 GMT
In any case, I gotta' ask about this one:
"A company here in Alaska recently (last fall) brought a rig back to Cook inlet for the first time in 30 years, and hit in the neighborhood of 750 million to 1.5 trillion cubic feet of gas when they were only halfway to their target depth."
Okay... 1.5 TRILLION divided by 750 MILLION... would be 2,000. I have no idea what the real numbers are for that well, but I'd tend to guess the range ain't quite THAT wide, so could you please check your numbers and possibly correct that one?
1.5 TRILLION cubic feet of gas, by the way, would be equivalent to about 0.3% of our annual World Energy Production, which is running in the ballpark of 500 quadrillion BTU's/year.
Unless I'm way off base...
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Post by pidgey on Aug 7, 2012 15:13:39 GMT
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Post by pidgey on Aug 7, 2012 15:36:42 GMT
Hmm... that looks like a reference to a news article from '93... I probably oughta' try again...
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Post by pidgey on Aug 7, 2012 15:38:49 GMT
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Post by dontgetoutmuch on Aug 8, 2012 18:04:54 GMT
In any case, I gotta' ask about this one: "A company here in Alaska recently (last fall) brought a rig back to Cook inlet for the first time in 30 years, and hit in the neighborhood of 750 million to 1.5 trillion cubic feet of gas when they were only halfway to their target depth." Okay... 1.5 TRILLION divided by 750 MILLION... would be 2,000. I have no idea what the real numbers are for that well, but I'd tend to guess the range ain't quite THAT wide, so could you please check your numbers and possibly correct that one? Unless I'm way off base... Heh, you are right, 750 million makes me in error... It is 750 Billion. Sorry. And yes, Pidgey, that was the press release. The group that is running the show this year is not Escopeta, it is Furie. I do not know the details on the name change, but those folks have been pretty quiet except to confirm that they are currently drilling and expect to reach the target formation this year. (The 750B - 1.5T formation was about halfway to the target depth.) Yes, but using that very same math I should be panicking about my imminent starvation! Yesterday I ate some pancakes for breakfast, my meal totaled only 400 calories. And yet I need to consume about a million calories a year to survive. I'm doomed I tell ya! |
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Post by nautonnier on Aug 19, 2012 21:36:00 GMT
Hi Pidgey nice to see you back. Yes I remember 'A cold world and no oil' quite well. Although there are some interesting abiogenesis papers around that would seem to suggest that oil is just a byproduct of fission within the Earth's core. As was pointed out Saturn's moon Titan has water and hyrocarbons, but as far as anyone knows had no 'carboniferous forests'. So those hydrocarbons had to come from somewhere. It may be that oil is actually being continually generated within the Earth and percolating to the surface through porous or fractured rock. The only reason that we will run out of energy in the next century would be due to the deliberate act of politicians who have decided for whatever reasons to disallow extraction of the fuel. This may make them less than popular if the 'cold world' does arrive as expected. |
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andor
Level 2 Rank
Posts: 60
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Post by andor on Aug 20, 2012 6:59:30 GMT
I really get sad when I hear people talk like this! The fossil-fuel story is the same smoke screen than global warming. Oil will never be gone, surely humans will be gone before the oil stops. Please read about A-biotic oil and how earth generates oil all the time!! Plenty hydro-carbons on Saturn and other planets but I am sure there were never dinosaurs...!!! The "peak-oil" story is only to push prices up. Sadly many people believe this!!!
Oilworker
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Post by glennkoks on Aug 20, 2012 14:23:01 GMT
andor, I challenge you or anyone else who thinks that "earth generates oil all the time" to name one field that has "regenerated" itself after it has been depleted.
I have worked in plenty of fields that used to produce thousands of barrels a day that are not worth drilling in anymore.
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Post by nonentropic on Aug 21, 2012 2:27:16 GMT
Recharge of an oil field can happen but in geological time.
the arguement is really about how much oil will technology allow us to liberate? I think quite a lot as we are discovering with shale oil.
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Post by glennkoks on Aug 21, 2012 20:39:34 GMT
nonentropic,
geologic time is not going to help us much as the demand for fossil fuels intensifies exponentially over the next 100 years or so.
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Post by trbixler on Aug 21, 2012 23:29:10 GMT
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