Madpaddy wrote:This is not "new oil" and the pipeline only pumps 1 millions barrels per day. Another few weeks of rising demand from Asia and the US will absorb this. .
KevO wrote:Madpaddy wrote:This is not "new oil" and the pipeline only pumps 1 millions barrels per day. Another few weeks of rising demand from Asia and the US will absorb this. .
Seriously, how long will this pipeline actually delay peak oil assuming all goes well with it. Are we talking 6 months, a year, 5 years?
KevO
Seriously, how long will this pipeline actually delay peak oil assuming all goes well with it. Are we talking 6 months, a year, 5 years?
Madpaddy wrote:I think the estimate of 220 billion barrels of reserves in this oilfield that the bbc article mentioned is also wildly optimistic.
Last I heard the Caspian was downgraded to 20B barrels (mostly heavy sour too). That initial 200B barrels was the estimate in the 90s before mass exploration began
Madpaddy wrote:LOL Montequest,
I think that is 68 minutes though. Check your calcs.
rockdoc123 wrote:Hmm.....not sure the 20B barrel number makes sense.
Madpaddy wrote:LOL Montequest,
I think that is 68 minutes though. Check your calcs.
That being said this is not a wildly stable area. The Caspian Sea has been disputed territory for a long time...Iran claims areas that Turkmenistan and Azerbaijan also claim (Rule of Sea argument). It was only a few years ago that Iranian gunboats lobbed shells at a BP drilling vessel offshore Azerbaijan. Also Kazachstan government has changed the rules for foreign companies once more. This is also the country where the army was sent in to shut down a refinery operated by a foreign company for alledged tax evasion. Not to mention that not very far from the pipeline is Georgia...
So I can't see this as being a solution for anything.
.saw an interview with a poor Kurd who lived literally on top of this oil pipeline but could only afford to heat his home with turds. If I was him that would drive me to distraction; hundreds of gallons a second of oil passing within meters of your little shack while you huddle over a little cow-pie fueled stove
Users browsing this forum: No registered users and 1 guest