Kylon wrote:It's possible for the centers of civilization to mitigate peak oil temporarily, to delay it, via demand destruction by reducing access to credit and money through various means to peripherial nations.
To put it simply, they can decrease the amount of oil poor nations get, so they have more for themselves.
Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
On February 23, 2018, this from the blog: Peak oil? What peak oil? During the past two years there have been numerous articles on lack of investment in offshore projects which some suggest are desperately needed to forestall a shortage of oil in the out year (think, "Peak Oil"). Today, from a GlobalData press release: investment of $97 billion on top ten offshore oil projects will add 1.6 million bopd by 2025. Looks like we have a successful project Looks like we have a success project. ExxonMobil projects 500,000 bopd from the Guyana play. Data points: ExxonMobil has made a seventh oil discovery off-shore Guyana's deepwater Stabroek blck; this play will eventually expand to 500,000 bopd reservoir: 65 feet of high-quality, oil-bearing sandstone ExxonMobil's first discovery in this area was back in May, 2015: discovered more than 1 billion bbls of
Darian S wrote:If conventional is truly falling on a global scale at 5+% per year. 1.6Mbopd doesnt even cover the lost production.
Third, consider how many potential Permian-like formations (unexpected high production for quite a few years) are likely to exist in the entire world (where for various often non-geological reasons, haven't seen much oil fracking thus far).
We may well have a short term blip due to lack of E&P during recent low oil prices. But the idea that it isn't solvable until oil shales begin to play out on a global scale just doesn't pass the current economic and geological reality test.
When the need arises, these guys will step up and bring on the production.
It has been this way for over 100 years.
- Professor Emmanuil B. Chekaliuk, at All-Union Conference on Petroleum and Petroleum Geology, Moscow, 1968."Statistical thermodynamic analysis has established clearly that hydrocarbon molecules which comprise petroleum require very high pressures for their spontaneous formation, comparable to the pressures required for the same of diamond. In that sense, hydrocarbon molecules are the high-pressure polymorphs of the reduced carbon system as is diamond of elemental carbon. Any notion which might suggest that hydrocarbon molecules spontaneously evolve in the regimes of temperature and pressure characterized by the near-surface of the Earth, which are the regimes of methane creation and hydrocarbon destruction, does not even deserve consideration."
Kenney et al. (2002) analyzed theoretically, via thermodynamic computations, the possibilities for hydrocarbon generation at high pressures and temperatures and showed that it is possible. They went on and performed successful experiments, using a specially built high pressure apparatus (Nikolaev and Shalimov, 1999) at pressures of 50 kbar, temperatures to 1500 °C . Using only as reagents solid iron oxide and 99.9% pure marble, wet with triple distilled water, they were able to generate methane. They reported that at pressures lower than 10 kbar only methane was formed while at pressures greater than 30 kbar a multi-component hydrocarbon mixture was formed including methane, ethane, propane, n-alkanes as well as alkenes, in distributions characteristic of natural petroleum.
When the need arises, these guys will step up and bring on the production.
It has been this way for over 100 years.
The trouble with the theory? So far, abiotic oil has not been proven to exist on Earth in any economic quantities. Oil exploration geologists have also not been able to make any discoveries using abiotic theories, and many abiotic claims have been debunked as pseudoscience.
On 27 August 2012, Exxon Neftegas Ltd beat its own record by completing Z-44 Chayvo well. This ERD well reached a measured total length of 12,376 meters (40,604 ft)
there's some ambiguity : is the figure for depth or length? It may not be absolutely vertical, in which case the depth may not be 40,000ft+.
Kenney et al. (2002) analyzed theoretically, via thermodynamic computations, the possibilities for hydrocarbon generation at high pressures and temperatures and showed that it is possible. They went on and performed successful experiments, using a specially built high pressure apparatus (Nikolaev and Shalimov, 1999) at pressures of 50 kbar, temperatures to 1500 °C . Using only as reagents solid iron oxide and 99.9% pure marble, wet with triple distilled water, they were able to generate methane. They reported that at pressures lower than 10 kbar only methane was formed while at pressures greater than 30 kbar a multi-component hydrocarbon mixture was formed including methane, ethane, propane, n-alkanes as well as alkenes, in distributions characteristic of natural petroleum.
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