Omega Owners Forum
Chat Area => General Discussion Area => Topic started by: Banjax on 03 September 2009, 09:17:26
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http://www.guardian.co.uk/business/2009/sep/02/bp-oil-find-gulf-of-mexico
this is good news, especially if you have shares in BP! - what concerns me is that if this is a giant find which could be as much as 4 billion barrels and even if BP could extract 100% of it, the planet consumes over 85m barrels a day!!
so this field will provide us with 47 days oil, except it won't even do that....
thats 100% extraction - its much more likely to be half that at best - so not even a month - and this is a "giant" field - we need to find one of these each month to keep us going :o
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You need to remember, Bannjaax (and especially next time you are flying at 37,000 ft and looking down), the world uses just 1 cubic mile of oil a year that's relatively small - as you would appreciate from the air - and we have reserves enough to last many decades.
:y :y
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You need to remember, Bannjaax (and especially next time you are flying at 37,000 ft and looking down), the world uses just 1 cubic mile of oil a year that's relatively small - as you would appreciate from the air - and we have reserves enough to last many decades.
:y :y
yep - but decades (about 2 i think) thats not a huge amount of time to develop viable alternatives to oil :-?
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You need to remember, Bannjaax (and especially next time you are flying at 37,000 ft and looking down), the world uses just 1 cubic mile of oil a year that's relatively small - as you would appreciate from the air - and we have reserves enough to last many decades.
:y :y
yep - but decades (about 2 i think) thats not a huge amount of time to develop viable alternatives to oil :-?
World governments wont start to panic just yet. They'll wait until it could actually be them in office when it happens, then they'll panic.
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You need to remember, Bannjaax (and especially next time you are flying at 37,000 ft and looking down), the world uses just 1 cubic mile of oil a year that's relatively small - as you would appreciate from the air - and we have reserves enough to last many decades.
:y :y
i love stuff like that - do you know if you melted all the gold on the planet and formed a cube - you could slide it under the eiffel tower? :o :o
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You need to remember, Bannjaax (and especially next time you are flying at 37,000 ft and looking down), the world uses just 1 cubic mile of oil a year that's relatively small - as you would appreciate from the air - and we have reserves enough to last many decades.
:y :y
i love stuff like that - do you know if you melted all the gold on the planet and formed a cube - you could slide it under the eiffel tower? :o :o
:y
...or that the entire population of the world would fit shoulder-to-shoulder on the Isle on Man. :o :o
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the Pyramids at Giza and the Hoover Dam are the only man-made objects visible from space :y
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the concrete in the Hoover dam is still setting :y
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i love facts like these there bonkers
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Course the Americans, if they have any sense, will extract only a modicum of the oil and continue using everyone elses oil.
Thank god we have loads of oil reserves, won't be seeing any price hikes because of shortages then. What a relief we can all sleep easy. :y
Haven't been myself but can't you see the Great Wall of China from Space too? Also the huge (compared to the Hoover dam) 3 gorges Yangste river dam (70 stories high). ;D ;D
V
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Course the Americans, if they have any sense, will extract only a modicum of the oil and continue using everyone elses oil.
Thank god we have loads of oil reserves, won't be seeing any price hikes because of shortages then. What a relief we can all sleep easy. :y
Haven't been myself but can't you see the Great Wall of China from Space too? Also the huge (compared to the Hoover dam) 3 gorges Yangste river dam (70 stories high). ;D ;D
V
great wall of china is far too thin to be seen from space, its an old myth varche :y
as i was typing i thought - there must be other dams - more research needed ::)
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You need to remember, Bannjaax (and especially next time you are flying at 37,000 ft and looking down), the world uses just 1 cubic mile of oil a year that's relatively small - as you would appreciate from the air - and we have reserves enough to last many decades.
:y :y
i love stuff like that - do you know if you melted all the gold on the planet and formed a cube - you could slide it under the eiffel tower? :o :o
Did you know..that people who have their brains stuffed with useless information are the most likely to end up living on their own?
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You need to remember, Bannjaax (and especially next time you are flying at 37,000 ft and looking down), the world uses just 1 cubic mile of oil a year that's relatively small - as you would appreciate from the air - and we have reserves enough to last many decades.
:y :y
i love stuff like that - do you know if you melted all the gold on the planet and formed a cube - you could slide it under the eiffel tower? :o :o
Did you know..that people who have their brains stuffed with useless information are the most likely to end up living on their own?
;D ;D
luckily, none of this information is useless then ::)
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knock down Lee Park in Hampshire there's a large oil field under there.could be the best thing that could happen to this lovely area. :y
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this visible from space thing - opened a can of worms - ie how far away is space? can you use binoculars? - too many variables - i'm going to look at what man made objects can be seen from the moon (although i would guess none) - be right back fact fans :y
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none - just pulled back Google earth to about 1/5th of the distance to the Moon - and all you can see is continents and oceans :(
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anyway - off topic - i'll start a new thread
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ehem..
as a "related" engineer I need to remind that there are no oil reserves "currently" thats adequate even for half a decade..can anybody calculate yearly consumption after 50 years.. :(
even in middle east, most rich reserves are calculated to be enough for 50 years in the current consumption and selling rate.. :-/
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ehem..
as a "related" engineer I need to remind that there are no oil reserves "currently" thats adequate even for half a decade..can anybody calculate yearly consumption after 50 years.. :(
even in middle east, most rich reserves are calculated to be enough for 50 years in the current consumption and selling rate.. :-/
Not everyone would agree with you, Cem:
http://www.scientificamerican.com/article.cfm?id=squeezing-more-oil-edit-this
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Cem is right and scientificamerican is wrong.
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Cem is right and scientificamerican is wrong.
Yeah, probably. And here's Michael Lynch, the former director for Asian energy and security at the Center for International Studies at the Massachusetts Institute of Technology, now an energy consultant. I mean, just what does HE know, huh?
http://www.nytimes.com/2009/08/25/opinion/25lynch.html
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estimated life figures are calculated with current production rates and calculated volume..
(http://i181.photobucket.com/albums/x80/mecdv6/oillife.jpg)
I must note that a calculated volume of oil reserve with initial flow- pressure drop tests dont mean you can produce all of it with primary production techniques.. in these are also covered the values with secondary production techniques ( like carbon , polymer injection) of which are extremely expensive and long procedures..
here is another idea..
http://www.guardian.co.uk/science/2005/apr/21/oilandpetrol.news
and what happens if someone says that sorry we have stocks left only for 10 years ;D ;D just estimate the panic..
ps: I'm sure if Gordon Brown says that nobody will believe :-/
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sorry for that but I do believe non of the politicians or producer firms or any one will have the courage of turning the world upside down.. :-/
just consider the struggle in middle east ..if there is enough oil for the world for 2 decades non of the politicians would risk their a**e ;D
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I hear waht you say Cem, but I am minded to agree with this statement:
"Peak oil is wrong. We really don't know how much oil there is in most of the oil reservoirs of the world. Oil reservoirs are complex geological structures, and most of the data is in private hands, or in state governments, and they are not particularly forthcoming about how much is there."
"We don't know how much is out there," he said today. "And they tend to be very conservative, these estimates. And technology changes, and that opens up new reserves deep offshore. When I was at Shell, we could only drill into a thousand feet of water. Today, they're drilling into 10,000 feet of water, and 20,000 feet below that."
Environmental futurist Peter Schwartz
Bottom line is "who knows?" ;)
http://cleantech.com/news/3464/peak-oil-wrong-says-schwartz
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I hear waht you say Cem, but I am minded to agree with this statement:
"Peak oil is wrong. We really don't know how much oil there is in most of the oil reservoirs of the world. Oil reservoirs are complex geological structures, and most of the data is in private hands, or in state governments, and they are not particularly forthcoming about how much is there."
"We don't know how much is out there," he said today. "And they tend to be very conservative, these estimates. And technology changes, and that opens up new reserves deep offshore. When I was at Shell, we could only drill into a thousand feet of water. Today, they're drilling into 10,000 feet of water, and 20,000 feet below that."
Environmental futurist Peter Schwartz
Bottom line is "who knows?" ;)
http://cleantech.com/news/3464/peak-oil-wrong-says-schwartz
Wrong Nick. Bottom line is: Who cares? ;D ;D ;D
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I hear waht you say Cem, but I am minded to agree with this statement:
"Peak oil is wrong. We really don't know how much oil there is in most of the oil reservoirs of the world. Oil reservoirs are complex geological structures, and most of the data is in private hands, or in state governments, and they are not particularly forthcoming about how much is there."
"We don't know how much is out there," he said today. "And they tend to be very conservative, these estimates. And technology changes, and that opens up new reserves deep offshore. When I was at Shell, we could only drill into a thousand feet of water. Today, they're drilling into 10,000 feet of water, and 20,000 feet below that."
Environmental futurist Peter Schwartz
Bottom line is "who knows?" ;)
http://cleantech.com/news/3464/peak-oil-wrong-says-schwartz
Nickbat, there are accepted standards for measurement by the engineers either geologist or petroelum enginners and those standards are accepted within 150 years of production .. I cant easly accept (neither others) those methods are wrong..
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all we can say for sure is - we aren't making any oil, so any we use is gone for good - whether we have 50 years or 5 wouldn't it be prudent to start conserving it, maybe? or are we so short-sighted we don't care ?
:-?
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just looking at your stats cem.....just how big an army do Venezuela have? we could take it couldn't we? i'm sure we can plant a bomb somewhere and blame them? ;D ;D ;D
or am i caracas? ::)
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just looking at your stats cem.....just how big an army do Venezuela have? we could take it couldn't we? i'm sure we can plant a bomb somewhere and blame them? ;D ;D ;D
or am i caracas? ::)
;D ;D ;D :y
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seriously I hope you didnt deplete the charcoal..
seems like we'll need it again :(
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the Pyramids at Giza and the Hoover Dam are the only man-made objects visible from space :y
And the great wall of China :y
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I hear waht you say Cem, but I am minded to agree with this statement:
"Peak oil is wrong. We really don't know how much oil there is in most of the oil reservoirs of the world. Oil reservoirs are complex geological structures, and most of the data is in private hands, or in state governments, and they are not particularly forthcoming about how much is there."
"We don't know how much is out there," he said today. "And they tend to be very conservative, these estimates. And technology changes, and that opens up new reserves deep offshore. When I was at Shell, we could only drill into a thousand feet of water. Today, they're drilling into 10,000 feet of water, and 20,000 feet below that."
Environmental futurist Peter Schwartz
Bottom line is "who knows?" ;)
http://cleantech.com/news/3464/peak-oil-wrong-says-schwartz
Nickbat, there are accepted standards for measurement by the engineers either geologist or petroelum enginners and those standards are accepted within 150 years of production .. I cant easly accept (neither others) those methods are wrong..
The point that this guy is making is that for commerical/strategic (and even taxation) reasons, the data on reserves is not necessarily spot on. The engineers may know it, but the information is sensitive.
Of course it will run out at some point. While I am convinced that there will be alternative energy sources developed, there is every reason to conserve it, but I think panic over peak oil is misplaced at the moment. Interestingly, I have repeatedly come across the phrase "political peak oil". Wonder what that means? ::) ::) ;) ;) ;D ;D
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the Pyramids at Giza and the Hoover Dam are the only man-made objects visible from space :y
And the great wall of China :y
And my dick :y
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the Pyramids at Giza and the Hoover Dam are the only man-made objects visible from space :y
And the great wall of China :y
And my dick :y
;D ;D
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the Pyramids at Giza and the Hoover Dam are the only man-made objects visible from space :y
And the great wall of China :y
And my dick :y
;D ;D
your dick's man-made? ;D
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the Pyramids at Giza and the Hoover Dam are the only man-made objects visible from space :y
And the great wall of China :y
And my dick :y
;D ;D
your dick's man-made? ;D
Yep, my dad made it :y
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the Pyramids at Giza and the Hoover Dam are the only man-made objects visible from space :y
And the great wall of China :y
And my dick :y
;D ;D
your dick's man-made? ;D
Yep, my dad made it :y
my dad made me a sledge when i was a kid :o
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yep - but decades (about 2 i think) thats not a huge amount of time to develop viable alternatives to oil :-?
As the hydrogen powered car is alread reality and actually in use in the US, we could easily put that in to worldwide production and reduce our current oil consumption by a very marked amount to prolong the current oil supplies that we have.
However, while all the politicians and oil giants are busy exchanging backhanders...any "alternative" will remain on the back burner.
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the Pyramids at Giza and the Hoover Dam are the only man-made objects visible from space :y
And the great wall of China :y
And my dick :y
;D ;D
your dick's man-made? ;D
Yep, my dad made it :y
my dad made me a sledge when i was a kid :o
Bet you cant see it from space though.
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my arse can be seen from space as well espec when i`m on the beach.....and those gits from greenpeace keep trying to roll me back into the sea..... ::) ::) ::)
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this visible from space thing - opened a can of worms - ie how far away is space? can you use binoculars? - too many variables - i'm going to look at what man made objects can be seen from the moon (although i would guess none) - be right back fact fans :y
No point asking the Americans ::)
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the Pyramids at Giza and the Hoover Dam are the only man-made objects visible from space :y
And the great wall of China :y
And I'm a dick :y
:y :y :y
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Found a fascinating article: It's a bit old, but fascinating reading :y
http://www.offshore-mag.com/index/article-display/23172/s-articles/s-offshore/s-volume-55/s-issue-4/s-news/s-general-interest/s-middle-east-geology-why-the-middle-east-fields-may-produce-oil-forever.html
Further evidence of the theory of abiotic oil, perhaps?