Oil Field off the U.S. Coast 47 replies

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#1 12 years ago

http://www.newtechspy.com/articles06/oildiscovery.html

Scientists Discover (Biggest Ever) Oil field off U.S. coast

....Scientists from Cornell University have discovered a massive amount of Oil off the coast of Louisiana.The find is some 60 billion barrels or 3 Times more than current US recoverable Oil of 20 Billion barrels, and would bring US total reserves to 80 billion barrels which is on par with Venezuela. In comparison to other finds around the world, this is twice the size of all Oil ever found in the North Sea and 6 times larger than the estimates of the Alaskan ANWR oil deposits. ....The area is about 10,000 sq. miles in size, and was found under layers of salt domes by a new method of oil discovery known as “gas washing” . A process in which geologist are able to track the movement of oil deposits by the way they interact with the flow of natural gas. This method helps scientists to make extremely accurate 3D-seismic maps of deep underground oil deposits and mitigate the risk involved in drilling such deep under sea wells. ....The information was gathered from source rocks deep below the sea and was discovered by a team lead by Larry Cathles, a chemical geologist from Cornell and funded by a grant from Chevron. Efforts are now underway to rush more equipment into the area and conduct more tests, but because of the devastation left by the hurricanes Katrina and Rita there is a critical shortage of equipment and manpower to do the kind of recovery work needed to bring the oil to the surface. .... Estimates now range from 1 to 2 years before oil can be pumped from the find area

“This is enough Oil to make the US self sufficient and make foreign Oil supply disruption a thing of the past”

So, F*UCK the Middle East. We're set for awhile now.

But seriously, how much do you think this might effect our foreign policy? If drilling operations don't get blocked by some environmentalists this could be quite good for us, but I don't acually think it will change foreign policy. I think the real goal of the U.S. in the mid-east isn't to gain oil for ourselves, but simply to run it dry in the middle-east. After all if there is no more oil there then that will give us some serious leverage in the future.




Mihail VIP Member

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#2 12 years ago

Good for the middle-east, now they can go back to living their lives without constant threat of invasion for merely having black gold. But for some reason I don't think it will stop no matter what.

But seriously, how much do you think this might effect our foreign policy?

None, given the president currently in the seat of power.




RadioactiveLobster Forum Admin

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#3 12 years ago

Mihail, do you ever look at anything without puttin your anti bush retoric into it?

Ontopic...

Lets just hope the enviromentalists let us drill for it


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Mihail VIP Member

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#4 12 years ago
Mihail, do you ever look at anything without puttin your anti bush retoric into it?

As if your speaking about two different topics.




RadioactiveLobster Forum Admin

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#5 12 years ago

If you still think the war was for oil, then apparently you havent seen the prices we have been dealing with...

Its going to take a few years for them to find out were they can drill, to put up the drilling rigs, build refineries, etc...

We arn't going to see this oil for a while


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Mihail VIP Member

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#6 12 years ago
If you still think the war was for oil, then apparently you havent seen the prices we have been dealing with...

What you mean oil prices which are far lower then in europe and the rest of the world in general? Oh my mistake.

Its going to take a few years for them to find out were they can drill, to put up the drilling rigs, build refineries, etc...

The iraqi's did that years ago.

We arn't going to see this oil for a while

unaccurate to say the least.




RadioactiveLobster Forum Admin

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#7 12 years ago

It takes ten years to build a refinary to process the crude, and the US has to deal with more enviromental laws they have to go through in order to even begin drilling. It will take YEARS until any of the oil that has been found to make it to the american public.

Don't bitch to me that you have to pay higher taxes on your gas than we do, but regardless of the price compaired to what you pay, the war wasn't for oil, or we would have seen the benefits of it.

Now, back on topic.


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Mihail VIP Member

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#8 12 years ago
It takes ten years to build a refinary to process the crude, and the US has to deal with more enviromental laws they have to go through in order to even begin drilling. It will take YEARS until any of the oil that has been found to make it to the american public.

Iraq has always refined it's own oil, it was not untill last month that a the bid was won by a american company to build a new one.

Don't bitch to me that you have to pay higher taxes on your gas than we do, but regardless of the price compaired to what you pay, the war wasn't for oil, or we would have seen the benefits of it.

Was I bitching? oh, nope it's not my fault your cities were planned by chimps and everyone who works in the city lives in suburbs 20+ km away, tuff shit. Besides do you think the war for the oil was to benefit the average citizen? ha that's the funniest thing I'v heard since the 2003 reason to invade iraq.




deathwarder

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#9 12 years ago

simply put, I hope they do not drill there. Anyway, have you noticed that no new refineries have been built in the us in a while? The environmental laws are so strict on refineries that the costs to build them are huge. We will not be drilling or refining this oil for a long time(10years maybe) if ever. In case you didn't notice, I think this is a good thing.




RadioactiveLobster Forum Admin

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#10 12 years ago

Judging by your sig, i can see why you dont want us to drill there.

The simple fact is, the world NEEDS oil at this point, there is no escaping that fact. Until the other forms of renewable engery become mainstream, we need oil


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