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| Scientists Discover (Biggest Ever) Oil field off U.S. coast |
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 birchm writes "Scientists from the University of Cornell 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.
Quoted from NewTechSpy"
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Posted on Monday, May 01 @ 10:51:09 PDT by Carrie |
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Average Score: 2.4
Votes: 5
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| "Scientists Discover (Biggest Ever) Oil field off U.S. coast" | Login/Create an Account | 18 comments | Search Discussion |
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Re: Scientists Discover (Biggest Ever) Oil field off U.S. coast (Score: 1)
by TKE on Monday, May 01 @ 11:10:04 PDT
(User Info ) | | This is interesting news. I've forwarded the link to the folks at http://www.fromthewilderness.com/ as they are the major source of Peak Oil information and it's geopolitical ramifications that I follow at this time. It will be even more interesting to see what they think about this announcement. I'm not sure what 60 billion barrels of oil would do to stave off timing of eventual peaking of world wide oil extraction, but I would imagine that it would have some delaying effect. Of course this area is subject to the same sorts of damages that have place NOLA and vicinity and the rigs and refining capacities in the NOLA area, i.e., hurricanes, etc. Let's hope this is the kind of news that will not result in more "business as usual" thinking, or golden bullet mentality. |
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Re: Scientists Discover (Biggest Ever) Oil field off U.S. coast (Score: 1)
by cuddlywill on Monday, May 01 @ 11:18:13 PDT
(User Info ) | | I wouldn't get too excited about this until a more reputable source can be found for the story. "University of Cornell"?? "salt doom"??? |
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Re: Scientists Discover (Biggest Ever) Oil field off U.S. coast (Score: 1)
by o2ny on Monday, May 01 @ 11:19:35 PDT
(User Info ) http://www.newpixel.com | Are you sure that NewTechSpy is a legitmate and reliable source for this type of announcement? Their site seems to be on par with Weekly World News. If this were real it would have been on the front page of CNN, google news page, all over the place-- which it's not.
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Re: Scientists Discover (Biggest Ever) Oil field off U.S. coast (Score: 1)
by owl5 on Monday, May 01 @ 11:44:52 PDT
(User Info ) | | Larry Cathles is one of the abiotic theory propoents. Too bad...would have been nice. |
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Re: Scientists Discover (Biggest Ever) Oil field off U.S. coast (Score: 1)
by turmoil on Monday, May 01 @ 12:22:59 PDT
(User Info ) | | This is the only source I can find for this article. I'll continue looking tho. |
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Re: Scientists Discover (Biggest Ever) Oil field off U.S. coast (Score: 1)
by grabby on Monday, May 01 @ 12:28:32 PDT
(User Info ) | Wow! Wished I found 4.2 trillion dollars lying around
That is 42 gallon oil barrels stacked 24,000 by 1 million
of 50,000 feet by 2 million feet or 100 miles by 40 miles.
Thats ten years of oil for the US.
Now we have ten years to develop hydrogen and fusion and palm oil and algae.
Saved at the bell. |
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Re: hogwash (Score: 1)
by wisco on Monday, May 01 @ 13:43:42 PDT
(User Info ) | http://www.agiweb.org/geotimes/june03/NN_gulf.html
Hmm. Knew about it in 2003, but still not making it to market.
Here's the good doctor's publication list from his Cornell CV:
The Viscosity of the Earth''s Mantle, Princeton University Press, Princeton, NJ, 386. 1975
A Model of the Dump Leaching Process that Incorporates Oxygen Balance and Air Convection, Metall. Trans., 6B:617-624. 1975
A very active career indeed. If someone at Cornell is finding billions of barrels of oil, don't you think the University would be boisting about it a bit? Why would the good doctor be working for a state school anyway?
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who will drill there? (Score: 1)
by bonjaski on Monday, May 01 @ 13:57:12 PDT
(User Info ) | who will drill there?
i think every company wants this field.
if it is true |
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Re: Scientists Discover (Biggest Ever) Oil field off U.S. coast (Score: 1)
by americandream on Monday, May 01 @ 14:38:45 PDT
(User Info ) | | Interesting times of desperation when we look hopefully at the likes of this calibre of website for any hope of a return to the old days.....Tech Spy......sad.......and the price per barrel keeps climbing. |
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Re: Scientists Discover (Biggest Ever) Oil field off U.S. coast (Score: 1)
by grabby on Monday, May 01 @ 15:19:02 PDT
(User Info ) | | A new oil field just in time for the elections. |
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Re: Scientists Discover (Biggest Ever) Oil field off U.S. coast (Score: 1)
by Richard on Monday, May 01 @ 16:37:33 PDT
(User Info ) | | I don't believe this. Could this be "planted" information? The wbesite also contains an article about a hybrid car with 300% better efficency than the Toyota Prius...mmmmmm |
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Re: Scientists Discover (Biggest Ever) Oil field off U.S. coast (Score: 1)
by SteveM68 on Monday, May 01 @ 17:34:37 PDT
(User Info ) | Ok, question: When you see a number like this, are they talking about estimated recoverable? I've always been under the impression you are lucky to get half the oil found out of the ground.
Just hit the bank machine on the way home. Saw a guy getting out of his Hummer and talking on his cell phone. Had a very strong urge to scream some statistics at him. Nice to see that people are looking out for future generations. I hope that thing was up-armored for the dangerous drive from Silicon Valley to Nordstroms. I'll go back to my beer now. |
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Re: Scientists Discover (Biggest Ever) Oil field off U.S. coast (Score: 1)
by sicophiliac on Monday, May 01 @ 19:01:07 PDT
(User Info ) | | Well lets hope this news is true, 60 billion barrels would be the biggest conventional oil discovery in how many years? I dont know but I would guess maybe 5-10 or so ? Depending on where we are with peak oil it could prop oil production up for a second peak around 2010-2012ish if the rest of the world slowly starts to decline in the next year or so. If production levels off and plauteas this will certianly help buy us a few more years I would guess. |
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Re: Scientists Discover (Biggest Ever) Oil field off U.S. coast (Score: 1)
by waegari on Tuesday, May 02 @ 03:14:38 PDT
(User Info ) | Even if it were true, always consider:
1. It would take years to really start developing such field, while
2. It is hardly likely that demand will stay at current levels in the meantime. Just consider: what would demand look like in, say, ten years, if it would grow by 2% annually? While
3. Other fields will inexorably be in decline by that time. |
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