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| New oil discoverys point to 'an endless supply' http://warthogterritory.net/forum/viewtopic.php?f=19&t=6218 |
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| Author: | M21 Sniper [ 31 May 2004, 14:23 ] |
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Posted: May 25, 2004 1:00 a.m. Eastern By Chris Bennett © 2004 WorldNetDaily.com About 80 miles off of the coast of Louisiana lies a mostly submerged mountain, the top of which is known as Eugene Island. The portion underwater is an eerie-looking, sloping tower jutting up from the depths of the Gulf of Mexico, with deep fissures and perpendicular faults which spontaneously spew natural gas. A significant reservoir of crude oil was discovered nearby in the late '60s, and by 1970, a platform named Eugene 330 was busily producing about 15,000 barrels a day of high-quality crude oil. By the late '80s, the platform's production had slipped to less than 4,000 barrels per day, and was considered pumped out. Done. Suddenly, in 1990, production soared back to 15,000 barrels a day, and the reserves which had been estimated at 60 million barrels in the '70s, were recalculated at 400 million barrels. Interestingly, the measured geological age of the new oil was quantifiably different than the oil pumped in the '70s. Analysis of seismic recordings revealed the presence of a "deep fault" at the base of the Eugene Island reservoir which was gushing up a river of oil from some deeper and previously unknown source. Similar results were seen at other Gulf of Mexico oil wells. Similar results were found in the Cook Inlet oil fields in Alaska. Similar results were found in oil fields in Uzbekistan. Similarly in the Middle East, where oil exploration and extraction have been underway for at least the last 20 years, known reserves have doubled. Currently there are somewhere in the neighborhood of 680 billion barrels of Middle East reserve oil. Creating that much oil would take a big pile of dead dinosaurs and fermenting prehistoric plants. Could there be another source for crude oil? An intriguing theory now permeating oil company research staffs suggests that crude oil may actually be a natural inorganic product, not a stepchild of unfathomable time and organic degradation. The theory suggests there may be huge, yet-to-be-discovered reserves of oil at depths that dwarf current world estimates. The theory is simple: Crude oil forms as a natural inorganic process which occurs between the mantle and the crust, somewhere between 5 and 20 miles deep. The proposed mechanism is as follows: Methane (CH4) is a common molecule found in quantity throughout our solar system – huge concentrations exist at great depth in the Earth. At the mantle-crust interface, roughly 20,000 feet beneath the surface, rapidly rising streams of compressed methane-based gasses hit pockets of high temperature causing the condensation of heavier hydrocarbons. The product of this condensation is commonly known as crude oil. Some compressed methane-based gasses migrate into pockets and reservoirs we extract as "natural gas." In the geologically "cooler," more tectonically stable regions around the globe, the crude oil pools into reservoirs. In the "hotter," more volcanic and tectonically active areas, the oil and natural gas continue to condense and eventually to oxidize, producing carbon dioxide and steam, which exits from active volcanoes. Periodically, depending on variations of geology and Earth movement, oil seeps to the surface in quantity, creating the vast oil-sand deposits of Canada and Venezuela, or the continual seeps found beneath the Gulf of Mexico and Uzbekistan. Periodically, depending on variations of geology, the vast, deep pools of oil break free and replenish existing known reserves of oil. There are a number of observations across the oil-producing regions of the globe that support this theory, and the list of proponents begins with Mendelev (who created the periodic table of elements) and includes Dr.Thomas Gold (founding director of Cornell University Center for Radiophysics and Space Research) and Dr. J.F. Kenney of Gas Resources Corporations, Houston, Texas. In his 1999 book, "The Deep Hot Biosphere," Dr. Gold presents compelling evidence for inorganic oil formation. He notes that geologic structures where oil is found all correspond to "deep earth" formations, not the haphazard depositions we find with sedimentary rock, associated fossils or even current surface life. He also notes that oil extracted from varying depths from the same oil field have the same chemistry – oil chemistry does not vary as fossils vary with increasing depth. Also interesting is the fact that oil is found in huge quantities among geographic formations where assays of prehistoric life are not sufficient to produce the existing reservoirs of oil. Where then did it come from? Another interesting fact is that every oil field throughout the world has outgassing helium. Helium is so often present in oil fields that helium detectors are used as oil-prospecting tools. Helium is an inert gas known to be a fundamental product of the radiological decay or uranium and thorium, identified in quantity at great depths below the surface of the earth, 200 and more miles below. It is not found in meaningful quantities in areas that are not producing methane, oil or natural gas. It is not a member of the dozen or so common elements associated with life. It is found throughout the solar system as a thoroughly inorganic product. Even more intriguing is evidence that several oil reservoirs around the globe are refilling themselves, such as the Eugene Island reservoir – not from the sides, as would be expected from cocurrent organic reservoirs, but from the bottom up. Dr. Gold strongly believes that oil is a "renewable, primordial soup continually manufactured by the Earth under ultrahot conditions and tremendous pressures. As this substance migrates toward the surface, it is attached by bacteria, making it appear to have an organic origin dating back to the dinosaurs." Smaller oil companies and innovative teams are using this theory to justify deep oil drilling in Alaska and the Gulf of Mexico, among other locations, with some success. Dr. Kenney is on record predicting that parts of Siberia contain a deep reservoir of oil equal to or exceeding that already discovered in the Middle East. Could this be true? In August 2002, in the "Proceedings of the National Academy of Sciences (US)," Dr. Kenney published a paper, which had a partial title of "The genesis of hydrocarbons and the origin of petroleum." Dr. Kenney and three Russian coauthors conclude: The Hydrogen-Carbon system does not spontaneously evolve hydrocarbons at pressures less than 30 Kbar, even in the most favorable environment. The H-C system evolves hydrocarbons under pressures found in the mantle of the Earth and at temperatures consistent with that environment. He was quoted as stating that "competent physicists, chemists, chemical engineers and men knowledgeable of thermodynamics have known that natural petroleum does not evolve from biological materials since the last quarter of the 19th century." Deeply entrenched in our culture is the belief that at some point in the relatively near future we will see the last working pump on the last functioning oil well screech and rattle, and that will be that. The end of the Age of Oil. And unless we find another source of cheap energy, the world will rapidly become a much darker and dangerous place. If Dr. Gold and Dr. Kenney are correct, this "the end of the world as we know it" scenario simply won't happen. Think about it ... while not inexhaustible, deep Earth reserves of inorganic crude oil and commercially feasible extraction would provide the world with generations of low-cost fuel. Dr. Gold has been quoted saying that current worldwide reserves of crude oil could be off by a factor of over 100. A Hedberg Conference, sponsored by the American Association of Petroleum Geologists, was scheduled to discuss and publicly debate this issue. Papers were solicited from interested academics and professionals. The conference was scheduled to begin June 9, 2003, but was canceled at the last minute. A new date has yet to be set. www.worldnetdaily.com/new...E_ID=38645 "O stranger passing by, go tell the Lacedaemonians that here, faithful to their bidding, we lie" Epitath of the 300 Spartans at Thermopylae |
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| Author: | rickusn [ 31 May 2004, 16:22 ] |
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How credible is this report? If this report is credible. It has implications vastly more important than simply a relatively cheap and stable energy supply. Anyone know more about this or has Sniper taken advantage of my inherent naivety? Edited by - rickusn on May 31 2004 3:57 PM |
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| Author: | M21 Sniper [ 31 May 2004, 16:41 ] |
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I dunno, but it lists several works that were published in technical journals that state the same thing, and the authors of those reports. Not being an egghead myself, i can't really say. I can say that they havn't been berated as morons, so that's probably a good sign, lol. 
"O stranger passing by, go tell the Lacedaemonians that here, faithful to their bidding, we lie" Epitath of the 300 Spartans at Thermopylae |
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| Author: | MrMudd [ 31 May 2004, 16:46 ] |
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Hmmm. That is no Suprise. There is over 480 Oil Rig Structures off the Coast of Texas and Louisiana. A friend of mine is on the Discoverer High Seas Drill Ship. They Drill Lots of Holes.... For New Rigs. "The power to Destroy the planet, is insignifigant to the power of the Air Force----Mudd Vader |
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| Author: | rickusn [ 31 May 2004, 17:03 ] |
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It seems to me naive as I am that if it were true some major news organization would be blasting it at us. Or are we going into yet another "conspiracy theory" topic? LOL Why is the "truth" sometimes so difficult to discern sometimes w/o looking like a fool, paranoid or ignorant, uneducated hick? |
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| Author: | God [ 31 May 2004, 19:07 ] |
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I give petro I take away petro. The arabs will soon find out that Joboo is no help with curveball or petro. |
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| Author: | boomer [ 31 May 2004, 19:25 ] |
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If I were an Oil company exec desperatly hoping to reduce research on stuff like new nukes and solar power for as long as possible so that I could reap the profits for as long as possible on pertro oil, I would pay a bunch of eggheads whatever they wanted to write just such an article. Russians have a great deal of fun lying and waiting for the west to call them on it. I HOPE it's true but... "We sleep safely in our beds because rough men stand ready in the night to visit violence on those who would harm us". George Orwell Fighting For Justice With Brains Of Steel ! <img src="http://www.fas.org/man/dod-101/sys/ac/atengun2X.GIF" border=0> |
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| Author: | FlyBoy [ 31 May 2004, 21:09 ] |
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I believe this is legit. This is a fairly old therory. I heard it before about two years ago, a NASA sceintist was talking on the news that he had eveidence of oil on other plants, like the moons of juiter. But most people dismissed his therory. now...maybe he's right. But if he is It is still to our advantage to investigate new sources of energy, they can make cars run very well off of hydrogen, you can pump it straight in as if it were gas and still tear up the roads. but one big problem that most people over look with hydrogen is the amount of polution that is create in the creation of hydrogen, so were back to square one. one way or another we're still killing the world, but even that is up to debate. Silly Saddam, Holes are for rabbits! - joe P. |
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| Author: | bigross86 [ 31 May 2004, 23:49 ] |
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How will this discovery affect the current oil-crisis though? If they started pumping quickly enough in places aside from the Middle East, prices would go back to normal. Prices here topped 5 NIS a liter for the first time ever. In comparison, 1 USD= 4.584 NIS. "Retreat, hell! We just got here!"-Captain Lloyd Williams, 2nd Marine Division, Belleau Wood, France, WWI |
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| Author: | M21 Sniper [ 01 Jun 2004, 07:45 ] |
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There is no oil crisis, current or otherwise. What is driving up prices is investor's anxieties. "O stranger passing by, go tell the Lacedaemonians that here, faithful to their bidding, we lie" Epitath of the 300 Spartans at Thermopylae |
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| Author: | FlyBoy [ 01 Jun 2004, 08:27 ] |
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that and OPEC is a monopoly. They can charge what ever the hell they want, there are some independent investors that buy oil when it's cheep, store it, then sell it at times like now, but there too few of them to make a difference. theres more than enough oil out there, they just want to get more out of it by lowering the supply, because when supply is low and demand is high they prices increase. They figure that they can gain more money be selling fewer barrels for more that a lot more for less. the demand for oil is not fixed, but it is very close to being fixed, so they can change the supply and we will most likely pay the higher prices inspite of it. and we do. Silly Saddam, Holes are for rabbits! - joe P. |
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| Author: | boomer [ 01 Jun 2004, 11:33 ] |
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<BLOCKQUOTE id=quote><font size=1 face="Verdana, Arial, Helvetica" id=quote>quote:<hr height=1 noshade id=quote> What is driving up prices is investor's anxieties.<hr height=1 noshade id=quote></BLOCKQUOTE id=quote></font id=quote><font face="Verdana, Arial, Helvetica" size=2 id=quote> Zactly, and everytime it starts to look a bit better some refinery blows up or has some major accident. We need more refineries but NIMBY rules for now. "We sleep safely in our beds because rough men stand ready in the night to visit violence on those who would harm us". George Orwell Fighting For Justice With Brains Of Steel ! <img src="http://www.fas.org/man/dod-101/sys/ac/atengun2X.GIF" border=0> |
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| Author: | M21 Sniper [ 01 Jun 2004, 11:37 ] |
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Well the enemy KNOWS that we're panicky fickle morons, so he's going after us in a manner to foster that panic. We of course fall right into his trap and panic. Amazing. "O stranger passing by, go tell the Lacedaemonians that here, faithful to their bidding, we lie" Epitath of the 300 Spartans at Thermopylae |
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| Author: | boomer [ 01 Jun 2004, 17:49 ] |
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yup "We sleep safely in our beds because rough men stand ready in the night to visit violence on those who would harm us". George Orwell Fighting For Justice With Brains Of Steel ! <img src="http://www.fas.org/man/dod-101/sys/ac/atengun2X.GIF" border=0> |
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