Now, lets assume that the world is 2 billion years old, an understatement I know, but as you'll see below I'm being very very conservative in my calculations.
TreeFarmer wrote:Let's try some quick math.
Suppose the world's supply of oil is 80 trillion barrels, a sum at least 10 times larger than the most over the top estimate I've ever seen.
Now, lets assume that the world is 2 billion years old, an understatement I know, but as you'll see below I'm being very very conservative in my calculations.
Now, let's divide the two to see how many barrels of oil the world has produced abiotically. 80 trillion/2 billion is 40,000 barrels produced per year.
Now, since the world uses 70+ million barrels per day, there is no way this method can produce enough oil to make any difference in the current world supply even if it were true.
As someone once said in another thread, if this method was capable of producing a meaningful amount of oil, the world would have popped like a giant pimple long ago.
TF
misterno wrote:I got a super stupid question
Howcome an oil field as deep and as big as Ghawar be formed? I looked at the oil fields picture in Saudi Arabia and it seems like there must have been million os dinasours and trees on top of each other for millions of years coincidentally all at the same small area.
How is this possible? or am I missing something?
but what I don't understand is why concentrated in such a small place and so deep?
How is that possible that this is happening only in that area called Ghawar?
Nothing changes in the game.
Live on Tuesdays at 5pm Pacific time – UnSpun #094: Greg Quinones is a business consultant, writer, public speaker, trainer and teacher. He is Founder and Managing Executive Partner of ZEN Enhanced Oil Recovery (ZENEOR) a Texas based privately held limited liability company. ZENEOR specializes in “out-of-the-box” thinking in oil production and process. Through extensive knowledge of the oil industry, they bring new innovations and technologies to market in order to help practical minded operators lower costs, improve efficiency and reduce environmental risks. The Company’s mission is to help achieve higher revenues for industry investors and higher netbacks for producers, land owners, royalty owners and working interest owners. In the past Greg has served as a leadership/sales trainer and marketing associate in the investment banking and venture capital industries for various private firms in New York City. He began his career
It's our nature to sort, divide, and classify. We label ourselves to identify political leanings, religious beliefs, the food we enjoy, and the sports teams we cheer. The oil industry too has its own distinct labels which include the "Peak Oil" theorists, those who believe the world is fast depleting the finite supply of fossil fuel; and the pragmatists, those who recognize that engineering and technological advances in oil drilling and extraction continuously identify new reserves that make oil plentiful.
And there's a third group you may not know. These people are deeply interested in oil and its origins, but their advocacy of "abiotic theory" has many dismissing them as heretics, frauds, or idealists. They hold that oil can be derived from hydrocarbons that existed eons ago in massive pools deep within the earth's core. That source of hydrocarbons seeps up through the earth's layers and slowly replenishes oil sources. In other words, it turns the fossil-fuel paradigm upside down.
Perhaps the breakthrough for this theory came when Chris Cooper's story appeared April 16, 1999, in The Wall Street Journal about an oil field called Eugene Island. Here's an excerpt:
Production at the oil field, deep in the Gulf of Mexico off the coast of Louisiana, was supposed to have declined years ago. And for a while, it behaved like any normal field: Following its 1973 discovery, Eugene Island 330's output peaked at about 15,000 barrels a day. By 1989, production had slowed to about 4,000 barrels a day.
Then suddenly—some say almost inexplicably—Eugene Island's fortunes reversed. The field, operated by PennzEnergy Co., is now producing 13,000 barrels a day, and probable reserves have rocketed to more than 400 million barrels from 60 million. Stranger still, scientists studying the field say the crude coming out of the pipe is of a geological age quite different from the oil that gushed 10 years ago.
According to Cooper,Thomas Gold, a respected astronomer and professor emeritus at Cornell University in Ithaca, NY, has held for years that oil is actually a renewable, primordial syrup continually manufactured by the Earth under ultrahot conditions and tremendous pressures. As this substance migrates toward the surface, it is attacked by bacteria, making it appear to have an organic origin dating back to the dinosaurs, he says.
All of which has led some scientists to a radical theory: Eugene Island is rapidly refilling itself, perhaps from some continuous source miles below the Earth's surface. That, they say, raises the tantalizing possibility that oil may not be the limited resource it is assumed to be.
More recently, Forbes presented a similar discussion. In 2008 it reported a group of Russian and Ukrainian scientists say that oil and gas don't come from fossils; they're synthesized deep within the earth's mantle by heat, pressure, and other purely chemical means, before gradually rising to the surface. Under the so-called abiotic theory of oil, finding all the energy we need is just a matter of looking beyond the traditional basins where fossils might have accumulated.
The idea that oil comes from fossils "is a myth" that needs changing according to petroleum engineer Vladimir Kutcherov, speaking at the Royal Institute of Technology in Sweden. "All kinds of rocks could have oil and gas deposits."
Alexander Kitchka of the Ukrainian National Academy of Sciences estimates that 60 percent of the content of all oil is abiotic in origin and not from fossil fuels. He says companies should drill deeper to find it.
Is abiotic theory the real deal? Is Eugene Island "Exhibit A?" Look how long it's taken for this conversation to reach a tipping point!
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.
Tanada wrote:This is a topic we have pounded for a long time, I am saddened that the general media still thinks it is a viable topic of conversation.
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