ConCen

Full Version: Peak Oil ?
You're currently viewing a stripped down version of our content. View the full version with proper formatting.
Pages: 1 2 3 4
The story was originally written in 2002 and updated in 2005 and it slipped thru the net of Info


Oil Fields Are Refilling...
Naturally - Sometimes Rapidly
There Are More Oil Seeps Than All The Tankers On Earth
By Robert Cooke
Staff Writer - Newsday.com
4-10-5


Deep underwater, and deeper underground, scientists see surprising hints that gas and oil deposits can be replenished, filling up again, sometimes rapidly.

Although it sounds too good to be true, increasing evidence from the Gulf of Mexico suggests that some old oil fields are being refilled by petroleum surging up from deep below, scientists report. That may mean that current estimates of oil and gas abundance are far too low.

Recent measurements in a major oil field show "that the fluids were changing over time; that very light oil and gas were being injected from below, even as the producing [oil pumping] was going on," said chemical oceanographer Mahlon "Chuck" Kennicutt. "They are refilling as we speak. But whether this is a worldwide phenomenon, we don't know."

Also not known, Kennicutt said, is whether the injection of new oil from deeper strata is of any economic significance, whether there will be enough to be exploitable. The discovery was unexpected, and it is still "somewhat controversial" within the oil industry.

Kennicutt, a faculty member at Texas A&M University, said it is now clear that gas and oil are coming into the known reservoirs very rapidly in terms of geologic time. The inflow of new gas, and some oil, has been detectable in as little as three to 10 years. In the past, it was not suspected that oil fields can refill because it was assumed the oil formed in place, or nearby, rather than far below.

According to marine geologist Harry Roberts, at Louisiana State University, "petroleum geologists don't accept it as a general phenomenon because it doesn't happen in most reservoirs. But in this case, it does seem to be happening. You have a very leaky fault system that does allow it to migrate in. It's directly connected to an oil and gas generating system at great depth."

What the scientists suspect is that very old petroleum -- formed tens of millions of years ago -- has continued migrating up into reservoirs that oil companies have been exploiting for years. But no one had expected that depleted oil fields might refill themselves.

Now, if it is found that gas and oil are coming up in significant amounts, and if the same is occurring in oil fields around the globe, then a lot more fuel than anyone expected could become available eventually. It hints that the world may not, in fact, be running out of petroleum.

"No one has been more astonished by the potential implications of our work than myself," said analytic chemist Jean Whelan, at the Woods Hole Oceanographic Institution, in Massachusetts. "There already appears to be a large body of evidence consistent with ... oil and gas generation and migration on very short time scales in many areas globally," she wrote in the journal Sea Technology.

"Almost equally surprising," she added, is that "there seem to be no compelling arguments refuting the existence of these rapid, dynamic migration processes."

The first sketchy evidence of this emerged in 1984, when Kennicutt and colleagues from Texas A&M University were in the Gulf of Mexico trying to understand a phenomenon called "seeps," areas on the seafloor where sometimes large amounts of oil and gas escape through natural fissures.

"Our first discovery was with trawls. We knew it was an area of massive seepage, and we expected that the oil seeps would poison everything around" the site. But they found just the opposite.

"On the first trawl, we brought up over two tons of stuff. We had a tough time getting the nets back on board because they were so full" of very odd-looking sea.floor creatures, Kennicutt said. "They were long strawlike things that turned out to be tube worms.

"The clams were the first thing I noticed," he added. "They were pretty big, like the size of your hand, and it was obvious they had red blood inside, which is unusual. And these long tubes -- 3, 4 and 5 feet long -- we didn't know what they were, but they started bleeding red fluid, too. We didn't know what to make of it."

The biologists they consulted did know what to make of it. "The experts immediately recognized them as chemo-synthetic communities," creatures that get their energy from hydrocarbons -- oil and gas -- rather than from ordinary foods. So these animals are very much like, but still different from, recently discovered creatures living near very hot seafloor vent sites in the Pacific, Atlantic and other oceans.

The difference, Kennicutt said, is that the animals living around cold seeps live on methane and oil, while the creatures growing near hot water vents exploit sulfur compounds in the hot water.

The discovery of abundant life where scientists expected a deserted seafloor also suggested that the seeps are a long-duration phenomenon. Indeed, the clams are thought to be about 100 years old, and the tube worms may live as long as 600 years, or more, Kennicutt said.

The surprises kept pouring in as the researchers explored further and in more detail using research submarines. In some areas, the methane-metabolizing organisms even build up structures that resemble coral reefs.

It has long been known by geologists and oil industry workers that seeps exist. In Southern California, for example, there are seeps near Santa Barbara, at a geologic feature called Coal Oil Point. And, Roberts said, it's clear that "the Gulf of Mexico leaks like a sieve. You can't take a submarine dive without running into an oil or gas seep. And on a calm day, you can't take a boat ride without seeing gigantic oil slicks" on the sea surface.

Roberts added that natural seepage in places like the Gulf of Mexico "far exceeds anything that gets spilled" by oil tankers and other sources.

"The results of this have been a big surprise for me," said Whelan. "I never would have expected that the gas is moving up so quickly and what a huge effect it has on the whole system."

Although the oil industry hasn't shown great enthusiasm for the idea -- arguing that the upward migration is too slow and too uncommon to do much good -- the search for new oil and gas supplies already has been affected, Whelan and Kennicutt said. Now, companies scan the sea surface for signs of oil slicks that might point to new deposits.

"People are using airplane surveys for the slicks and are doing water column fluorescence measurements looking for the oil," Whelan said. "They're looking for the sources of the seeps and trying to hook that into the seismic evidence" normally used in searching for buried oil.

Similar research on known oil basins in the North Sea is also under way, and "that oil is very interesting. There are absolutely marvelous pictures of coral reefs which formed from seepage [of gas] from North Sea reservoirs," Whelan said.

Analysis of the ancient oil that seems to be coming up from deep below in the Gulf of Mexico suggests that the flow of new oil "is coming from deeper, hotter formations" and is not simply a lateral inflow from the old deposits that surround existing oil fields, she said. The chemical composition of the migrating oil also indicates it is being driven upward and is being altered by highly pressurized gases squeezing up from below.

This upwelling phenomenon, Whelan noted, fits into a classic analysis of the world's oil and gas done years ago by geochemist-geologist John Hunt. He suggested that less than 1 percent of the oil that is generated at depth ever makes it into exploitable reservoirs. About 40 percent of the oil and gas remains hidden, spread out in the tiny pores and fissures of deep sedimentary rock formations.

And "the remaining 60 percent," Whelan said, "leaks upward and out of the sediment" via the numerous seeps that occur globally.

Also, the idea that dynamic migration of oil and gas is occurring implies that new supplies "are not only charging some reservoirs at the present time, but that a huge fraction of total oil and gas must be episodically or continuously bypassing reservoirs completely and seeping from surface sediments on a relatively large scale," Whelan explained.

So far, measurements involving biological and geological analysis, plus satellite images, "show widespread and pervasive leakage over the entire northern slope of the Gulf of Mexico," she added.

"For example, Ian MacDonald at Texas A&M has published some remarkable satellite photographs of oil slicks which go for miles in the Gulf of Mexico in areas where no oil production is occurring." Before this research in oil basins began, she added, "changes in reservoired oils were not suspected, so no reliable data exists on how widespread the phenomenon might be in the Gulf Coast or elsewhere."

The researchers, especially the Texas team, have been working on this subject for almost 15 years in collaboration with oil industry experts and various university scientists. Their first focus was on the zone called South Eugene Island block 330, which is 150 miles south of New Orleans. It is known as one of the most productive oil and gas fields in the world. The block lies in water more than 300 feet deep.

As a test, the researchers attempted to drill down into a known fault zone that was thought to be a natural conduit for new petroleum. The drilling was paid for by the U.S. Department of Energy.

Whelan recalled that as the drill dug deeper and deeper, the project seemed to be succeeding, but then it abruptly ended in failure. "We were able to produce only a small amount of oil before the fault closed, like a giant straw," probably because reducing the pressure there allowed the fissure to collapse.

In addition to the drilling effort and the inspection of seeps, Whelan and her colleagues reported that three-dimensional seismic profiles of the underground reservoirs commonly show giant gas plumes coming from depth and disrupting sediments all the way to the surface.

This also shows that in an area west of the South Eugene Island area, a giant gas plume originates from beneath salt about 15,000 feet down and then disrupts the sediment layers all the way to the surface. The surface expression of this plume is very large -- about 1,500 feet in diameter. One surprise, Whelan said, was that the gas plume seems to exist outside of faults, the ground fractures, which at present are the main targets of oil exploration.

It is suspected that the process of upward migration of petroleum is driven by natural gas that is being continually produced both by deeply buried bacteria and from oil being broken down in the deeper, hotter layers of sediment. The pressures and heat at great depth are thought to be increasing because the ground is sinking -- subsiding -- as a result of new sediments piling up on top. The site is part of the huge delta formed over thousands of years by the southward flow of the massive Mississippi River. Like other major deltas, the Mississippi's outflow structure is continually being built from sands, muds and silts washed off the continent.

Analysis of the oil being driven into the reservoirs suggests they were created during the so-called Jurassic and Early Cretaceous periods (100 million to 150 million years ago), even before the existing basin itself was formed. This means the source rock is buried and remains invisible to seismic imaging beneath layers of salt.

In studying so-called biomarkers in the oil, Whelan said, it was concluded that the oil is closely related to other very old oils, implying that it "was probably generated very early and then remained trapped at depth until recently." And, she added, other analyses "show that this oil must have remained trapped at depths and temperatures much greater than those of the present-day producing reservoirs."

At great depth, where the heat and pressure are high enough, she explained, methane is produced by oil being "cracked," and production of gas "is able to cause sufficient pressure to periodically open the fracture system and allow upward fluid flow of methane, with entrapment of oil in its path."


It's a Rense link but I refuse to add it
They've got their minds made up that we're going to pay through the nose for it regardless. Unless it's going to start running out of our spigots like water it may as well not be there at all since we have no control over it. Wasn't there a report that Bilderberg wanted oil at $300/barrel?

http://news.independent.co.uk/business/new...icle1220882.ece

The price of crude oil could hit $300 (£158) a barrel if BP's pipeline corrosion crisis in Alaska turns out to be an endemic problem for the industry, according to the leading oil industry analyst Matthew Simmons.

Mr Simmons, a US-based industry commentator and financier, said BP's discovery of unexpectedly severe corrosion in its pipelines at Prudhoe Bay, Alaska, could just be the tip of the iceberg. He described the sudden emergence of the issue as the "Pearl Harbour Day" for energy.

....more
Amazing article. Nice find. Expose the peak oil fraud. We need to break free of the oil chains. Any updates on that free energy thing? I'm still waiting....

That guy talking about "pearl harbor day for energy" is fear mongering to raise the price by sheer will. He's obviously heavily invested with his cronies.

They are being investigated for negligence. BP was warned 4 years ago that the pipes were getting bad. The problem is letting them get so bad that they are shut down is to thier advantage and they are obviously using the press to exaggerate this problem in order to raise prices once more. That guy Mr Simmons is a cheerleader for it. It costs them way more to really maintain the pipes and keep the price stable.

Quote:Sunday, August 27, 2006
Accociated Press
SEATTLE — An engineering firm raised a red flag more than four years ago about BP PLC's monitoring of its Alaska oil pipelines, documents show.

http://www.foxnews.com/story/0,2933,210640,00.html



Quote:In June, federal investigators said BP energy traders cornered the U.S. propane market in the winter of 2004 and illegally manipulated prices, driving up heating and cooking costs for rural consumers.
Details of the scheme, compiled with help from internal company documents and recorded conversations, were outlined in a civil lawsuit the CFTC filed against BP Products North America, a Warrenville, Ill., unit of the London company.
One former BP trader who in June pleaded guilty to partaking in a conspiracy "to manipulate and corner the propane market" -- Dennis N. Abbott of Houston -- agreed to cooperate with federal law enforcers in an ongoing criminal investigation conducted by the FBI, the Justice Department said at the time.
BP has denied any wrongdoing in the propane market and said it intends to fight the charges in court.
On Sept. 7, the House Energy and Commerce Committee will look at BP's corrosion-control practices for its pipelines at Prudhoe Bay, such as those involved in two spills this year.

http://washingtontimes.com/business/200608...93830-4187r.htm
Here's an excellent article on how the Russians aren't buying into the peak oil scam.

http://www.vialls.com/wecontrolamerica/peakoil.html

Quote:After more than 60 years of being enslaved, pillaged, and raped by the French and then by the Americans, the poor Vietnamese were told officially by American oil multinationals that their country was barren; that western 'cutting edge' technology had failed to find anything to help them recover financially from the mess left behind by American bombs, Agent Orange, and a host of other delightful gifts from Uncle Sam. This of course was exactly where America wanted the Vietnamese to be: desperately poor and unable to take action against their former invaders.
The Russians had other ideas and a very different approach. After telling the Vietnamese that the Americans had lied to them, oil experts were flown in from Moscow to prove this startling claim in a no-risk joint venture, meaning the Russians would provide all of the equipment and expertise free of charge, and only then take a percentage of the profits if oil was actually found and put into production. Vietnam had absolutely nothing to lose, and swiftly gave Russia the green light.
The Vietnamese White Tiger oil field was and is a raging success, currently producing high quality crude oil from basalt rock more than 17,000 feet below the surface of the earth, at 6,000 barrels per day per well. Through White Tiger, the Russians have assisted the Vietnamese to regain part of their self respect, while at the same time making them far less dependent on brutal western nations for food-aid handouts.

[Image: 0_oilwar8.jpg]
Even if peak oil isnt real, that doesnt mean we should still consume it as if it were limitless

CO2emmissions (ppm)
[Image: carbon.gif]

And I dont think there is such thing as free energy. Well, unless you count the sun.
Agreed. I'm no global warming denial type. I just call a spade a spade.. :D

Oil/Auto/Chemical industry is one of the most evil forces in history, peak oil is just one more example. If it wasn't for the shrewd elimination of competing technologies by both industries working together, the present would be a very different place.
The biggest problem is that the corporation is being treated as a living being. Ever since the bills were passed the enviornment and anyone under a six figure income has paid dearly.
On one side, peak oil was a scam created by the oil companies in the 1950s to keep the oil prices high.

On the other side, depressing oil prices too low will crash the economy. It was one (not the only) of the real reasons we went to Iraq.

There is a reason GWB and Bandar Bush hold hands and oil is traded in dollars.

Target0

"It isn't pollution that is hurting the environment,
it's the impurities in our air and water that are doing it."
- the dark prophet Dan Quayle
Quote:Although it sounds too good to be true, increasing evidence from the Gulf of Mexico suggests that some old oil fields are being refilled by petroleum surging up from deep below, scientists report. That may mean that current estimates of oil and gas abundance are far too low ...
<span style="color:#000099">Thank you for posting this informative article ... and for starting this "peak" oil thread, Ognir!:)
Quote:Here's an excellent article on how the Russians aren't buying into the peak oil scam ...
And <span style="color:#000099">thank you for posting this very intriguing article, too, John Doe 1984!:)

Vialls posted some very interesting information before he died (conveniently?) of "natural causes".

I've often wondered about the true nature of his death.:unsure:

I recall that Russian leader Putin was attempting to craft a "market union" between Russia, China, India, and Brazil. This Putin instigated "market union" was intended to stand up to both the Anglo-American-Israeli hegemony and the European Union "market union".

At the same time, it seemed that the Bush Junior team was scrambling to keep India and Vietnam within the sphere of the Anglo-American-Israeli hegemony. The Vietnamese-Russian "White Tiger" field success contravenes the "peak oil" scam promoted by the elite controlling that Anglo-American-Israeli hegemony.

Brazil, as I recall is the largest producer of bio-fuel and ethanol. So they are also opting out of the corporate oil companies tied to both the Anglo-American-Israeli hegemony and the European Union.
Quote:They've got their minds made up that we're going to pay through the nose for it regardless. Unless it's going to start running out of our spigots like water it may as well not be there at all since we have no control over it. Wasn't there a report that Bilderberg wanted oil at $300/barrel?
<span style="color:#000099">Thanks for posting that link on the British Petroleum/Alaska pipeline "crisis", Valentine!:)

For the Anglo-American-Israeli hegemony, the "geopolitik" of this situation is getting desperate.:P

If the price of oil stays "artificially" high then other producers outside of the Anglo-American-Israeli hegemony will come "online" to supply production.

The Russia-China-Brazil-India coalition could fill the supply with their fields both on land and offshore. With the price of oil supported at artificially high prices, then it becomes cost effective to build the infrastructure to extract that (abundant) oil outside of the political sphere of the Anglo-American-Israeli hegemony.

And Brazil has pioneered the infrastructure of producing bio-fuel and ethanol.

Venezuela has more oil than all of the Middle Eastern/South Asian oil fields. But it costs more to extract and refine oil from Venezuela (though Venezuelans pay approximately 16 cents (U.S.) per gallon within Venezuela).

With an "artificially supported" high price, Venezuela can build more infrastructure and export more oil. Chavez knows this.

The province of Alberta in Canada (Ctrl's neck of the woods) also has more oil than all of the Middle Eastern/South Asian oil fields. But the "sand extraction" process has been expensive ... up until now.

"Sand extraction" can now be done for as low as 13 to 17 dollars (U.S.) a barrel. An "artificially supported" high price will cause Alberta to come "online".

So the elites of the Anglo-American-Israeli hegemony are in a bind, between Iraq and a hard place ...:D

... like SYRIANA, it would make a great movie!B)

The following is a commentary by Jon Rappoport (whose books/videos have been posted on the tracker) on the Gulf of Mexico oil discoveries, as indicated in the article Ognir posted.

This article confirms what you are contending, Valentine: that artificial scarcity is all about control ...

... control of the planet.

Keep in mind the quote from the Geotimes article quoted in Rappoport's commentary: that the Gulf of Mexico untapped reserves have "30 percent more than we humans have consumed over the entire petroleum era". :o

<span style="color:#6600CC">++++++++++++++++++++++++++++++++++++++++++

<span style="color:#000099">IS THERE NEW OIL? DOES IT MATTER?

by Jon Rappoport (this article posted at link)

MARCH 7, 2005. I'm reprinting a Geotimes article that suggests there may be huge amounts of untapped oil off the coast of Louisiana.

I'm not in a position to confirm or deny the accuracy of the recent study on this oil bonanza.

But I can make one prediction. If the oil is there, and if it is recoverable at a cost that would make the immense project feasible, there is a very small chance anyone will go get it.

Why?

Because energy self-sufficiency for America is not on the game board. It's not on the US government's board, and more importantly, it's not on the board of the men who control the future of globalism.

One of the main objectives of globalism---or what I would call global management---the few ruling the many---is the decimation of America down to the level of a, well, "big England."

It has to happen if the "globalism cartel" is to complete its plan.

Two cautionary notes.

The effort to reduce America to impotent status is very long term and will not be accomplished with a flick of the wrist. And the reason for this effort is not based on some humanitarian impulse to curb, for example, the US imperial tradition in foreign policy. To cut through the crap, kings want power because they want power. The idea of a global society ruled down to its socks is the wet dream of men who wake up every day with a wide thirst for control. That is who and what they are.

Energy self-sufficiency for America----in any form(s)----oil, breakthrough solar, cold fusion, hydrogen, biomass---you name it---is a vast NO NO as far as the globalist agenda is concerned.

Ditto for ANY OTHER NATION.

THIS negative agenda is what really keeps us from attaining the kind of energy liberation we seek.

It's time to wake up to this fact.

The central strategy of globalism is the elimination---in all but name---of separate and distinct sovereign nations.

One has only to look at what is happening to Europe to see the plan in action. I'm talking, of course, about the progress of the European Union as the ruling body in Europe.

If vast amounts of energy (from any and all sources) became available to humankind, and if various nations could find, discover, tap, invent huge quantities of energy within their own borders, those nations would have no need to participate with vigor in the so-called interdependent network of The Global Village.

Such an outcome would be a massive shot across the bow of globalist objectives. It would be a torpedo into the guts of the whole Machine.

The energy crisis and the tradition of madness in the Middle East is part of a plan that forces nations to lower their expectations and join hands as one planet.

As nice as this may sound, there is a grim visage behind the "share and care" PR front. It's basically the same situation and "op" you find behind the paradise-on-Earth PR of the Roman Church and the Communist movement.

You know. We're all equal and we're all wonderful, but we need a few wise leaders to keep pumping out the benevolence until we all become saints.

(It's worth noting, in this regard, that the European Union is the major driving force behind Codex, the UN body that is set to seal its plan to "protect us and do what's best for us"---on behalf of the medical cartel---by severely restricting the trade flow of nutritional supplements around the world. And in case you hadn't noticed, nutrients=energy.)

Energy abundance for all nations and ultimately all individuals would, in effect, bypass the necessity for the globalistic framework.

So you can see why we really have an energy crisis.

Finally, it doesn't have to do with peak oil (if that is indeed a fact). It doesn't have to do with environmental concerns. It has to do with a hard and fast rule: everything must be done to reduce the self-sufficiency of nations and individuals.

THAT is what's keeping the lid on.

Oh, I know that oil companies do all they can to keep alternative energy breakthroughs of magnitude from happening. But behind that, there is a bigger agenda.

You can go as far back as you want to, and you'll find precedents.

I rarely resort to the Bible, but consider the story of Joseph.

Not the father of Jesus, but the boy with the multi-colored coat. When he became the advisor to the ruler of Egypt, during the time of the great famine, he ultimately suggested that the residual wheat stores of the country---which had been, of course, grown by the farmers---and then placed into government warehouses---should be given back to the people at a price. The people would trade their possessions and their remaining freedom and their very selves to the ruler, so that they could have the food they had grown in the first place.

A neat trick. The last time I looked, food was another form of energy.

All the energy debates in which we're currently engaging are one element of a much larger picture.

That picture rotates around self-sufficiency versus no self-sufficiency.

Many, many "ops" are launched on the premise of convincing the people that self-sufficiency is unworkable and impossible. The people must put their trust and their lives in the hands of the wise rulers.

For example, one whole brand of "op" called terrorism comes to mind.

[beginning Geotimes oil article]

Astonishing Amount Of Oil And Gas Off Louisiana: Petroleum Geology - It's Raining Hydrocarbons In The Gulf

by Lisa M. Pinsker (Geotimes, 3-7-2005)

Cathles and his team estimate that in a study area of about 9,600 square miles off the coast of Louisiana, source rocks a dozen kilometers down have generated as much as 184 billion tons of oil and gas.

"That's 30 percent more than we humans have consumed over the entire petroleum era," Cathles says. "And that's just this one little postage stamp area; if this is going on worldwide, then there's a LOT of hydrocarbons venting out."

Below the Gulf of Mexico, hydrocarbons flow upward through an intricate network of conduits and reservoirs. They start in thin layers of source rock and, from there, buoyantly rise to the surface.

On their way up, the hydrocarbons collect in little rivulets, and create temporary pockets like rain filling a pond. Eventually most escape to the ocean. And, this is all happening now, not millions and millions of years ago, says Larry Cathles, a chemical geologist at Cornell University.

"We're dealing with this giant flow-through system where the hydrocarbons are generating now, moving through the overlying strata now, building the reservoirs now and spilling out into the ocean now," Cathles says.

He's bringing this new view of an active hydrocarbon cycle to industry, hoping it will lead to larger oil and gas discoveries. By matching the chemical signatures of the oil and gas with geologic models for the structures below the seafloor, petroleum geologists could tap into reserves larger than the North Sea, says Cathles, who presented his findings at the meeting of the American Chemical Society in New Orleans on March 27.

This canvas image of the study area shows the top of salt surface (salt domes are spikes) in the Gas Research Institute study area and four areas of detailed study (stratigraphic layers). The oil fields seen here are Tiger Shoals, South Marsh Island 9 (SMI 9), the South Eugene Island Block 330 area (SEI 330), and Green Canyon 184 area (Jolliet reservoirs). In this area, 125 kilometers by 200 kilometers, Larry Cathles of Cornell University and his team estimate hydrocarbon reserves larger than those of the North Sea.

Cathles and his team estimate that in a study area of about 9,600 square miles off the coast of Louisiana, source rocks a dozen kilometers down have generated as much as 184 billion tons of oil and gas " about 1,000 billion barrels of oil and gas equivalent. "That's 30 percent more than we humans have consumed over the entire petroleum era," Cathles says. "And that's just this one little postage stamp area; if this is going on worldwide, then there's a lot of hydrocarbons venting out."

According to a 2000 assessment from the Minerals Management Service (MMS), the mean undiscovered, conventionally recoverable resources in the Gulf of Mexico offshore continental shelf are 71 billion barrels of oil equivalent. But, says Richie Baud of MMS, not all those resources are economically recoverable and they cannot be directly compared to Cathles' numbers, because "our assessment only includes those hydrocarbon resources that are conventionally recoverable whereas their study includes unconventionally recoverable resources."

Future MMS assessments, Baud says, may include unconventionally recoverable resources, such as gas hydrates.

Of that huge resource of naturally generated hydrocarbons, Cathles says, more than 70 percent have made their way upward through the vast network of streams and ponds, venting into the ocean, at a rate of about 0.1 ton per year. The escaped hydrocarbons then become food for bacteria, helping to fuel the oceanic food web.

Another 10 percent of the Gulf's total hydrocarbons are hidden in the subsurface, representing about 60 billion barrels of oil and 374 trillion cubic feet of gas that could be extracted. The remaining hydrocarbons, about 20 percent, stay trapped in the source strata.

Driving the venting process is the replacement of deep, carbonate-sourced Jurassic hydrocarbons by shale-sourced, Eocene hydrocarbons. Determining the ratio between the younger and older hydrocarbons, based on their chemical signatures, is key to understanding the migration paths of the oil and gas and the potential volume waiting to be tapped.

"If the Eocene source matures and its chemical signature is going to be seen near the surface, it's got to displace all that earlier generated hydrocarbon " that's the secret of getting a handle on this number," Cathles says. Another important key to understanding hydrocarbon migration is "gas washing," Cathles adds. A relatively new process his research team discovered in the Gulf work, gas washing refers to the regular interaction of oil with large amounts of natural gas. In the northern area of Cathles' study area, he estimates that gas carries off 90 percent of the oil.

Ed Colling, senior staff geologist at ChevronTexaco, says that identifying the depth at which gas washing occurs could be extremely useful in locating deeper oil reserves. "If you make a discovery, by back tracking the chemistry and seeing where the gas washing occurred, you have the opportunity to find deeper oil," he says.

Using such information in combination with the active hydrocarbon flow model Cathles' team produced and already existing 3-D seismic analyses could substantially improve accuracy in drilling for oil and gas, Colling says. ChevronTexaco, which funds Cathles' work through the Global Basins Research Network, has been working to integrate the technologies. (Additional funding comes from the Gas Research Institute.)

"All the players are looking for bigger reserves than what's on shore," Colling says. And deep water changes the business plan. With each well a multibillion dollar investment, the discovery must amount to at least several hundred million barrels of oil and gas for the drilling to be economic. Chemical signatures and detailed basin models are just more tools to help them decide where to drill, he says.

"A big part of the future of exploration is being able to effectively use chemical information," Cathles says. Working in an area with more oil by at least a factor of two than the North Sea, he says he hopes that his models will help companies better allocate their resources. But equally important, Cathles says, is that his work is shifting the way people think about natural hydrocarbon vent systems " from the past to the present.

[end GeoTimes oil article]
why do I feel good about OIL all of a sudden? again more conflicting theories, i thought peak oil was a reality.
We move into the age of Aquarius in 2012-2013 and are therefore in "the end of days". Therefore antichrist are here; and since christ means oil we must have an oil crisis or peak oil. It is all part of the bible shift into a new age religion. The people that wrote the bible are still running the world behind the screen and are moving us into the new age religion with a very physical reality of bible symbolism. This is also what is behind the war on terror. To make christianity and islam kill each other since the are based on pisces. One the sun, the other venus.
An under ground oil generator.

No hope for Helium power now.

Stick it out you guys with the oil barons.

I'm going into land and oil investments next.
Quote:And I dont think there is such thing as free energy. Well, unless you count the sun.

What about the ocean tides/waves? Seems like a decent ongoing free source of energy to me.
Quote:Amazing article. Nice find. Expose the peak oil fraud. We need to break free of the oil chains.

I don't see any evidence of the "peak oil fraud" in the article. It mentions two locations, the Gulf of Mexico and California. I don't see oil filling up the oil fields in Ohio or Pennsylvania, or Oklahoma or Texas or Alaska.

And who were these people? A biologist and an analytical chemist? I'm sure they're very knowledgeable, but obviously not about the formation of oil.

Why don't we ask the Romanians why their fields aren't "replenishing?" I'm sure they'd rather sell oil than import it, like they're importing it now.
Quote:
Quote:Amazing article. Nice find. Expose the peak oil fraud. We need to break free of the oil chains.

I don't see any evidence of the "peak oil fraud" in the article. It mentions two locations, the Gulf of Mexico and California. I don't see oil filling up the oil fields in Ohio or Pennsylvania, or Oklahoma or Texas or Alaska.

And who were these people? A biologist and an analytical chemist? I'm sure they're very knowledgeable, but obviously not about the formation of oil.

Why don't we ask the Romanians why their fields aren't "replenishing?" I'm sure they'd rather sell oil than import it, like they're importing it now.

Did you check them yourself?
Pages: 1 2 3 4
Reference URL's