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Serpo
30th June 2010, 01:53 AM
Russia Proves 'Peak Oil' Is
A Misleading Zionist Scam
While Moscow invests heavily in unlimited oil production for the
future, New York squanders America's dwindling oil
profits on fast cars and fast women
Copyright Joe Vialls, 25 August 2004
2-16-7

In 1970, the Russians started drilling Kola SG-3, an exploration well which finally reached a staggering world record depth of 40,230 feet. Since then, Russian oil majors including Yukos have quietly drilled more than 310 successful super-deep oil wells, and put them into production. Last Year Russia overtook Saudi Arabia as the world's biggest single oil producer, and is now set to completely dominate global oil production and sales for the next century.




If the opening paragraph of this report started by claiming that completely unlimited crude oil reserves exist inside planet earth, readers might be tempted to regard the entire text as preposterous ghostwriting for a novelist like Frederick Forsyth. If the report then went on to claim that the Russians have exploited this stunning reality for nearly thirty years, right under the largely unwitting noses of western intelligence, readers could be excused for mistaking the author for a lunatic, or perhaps as a front for spy novelist John le Carré. The problem here is that unlimited oil reserves do exist inside planet earth, and the Russians long ago developed the advanced technology necessary to recover these unlimited oil reserves in an efficient and timely manner.

Profoundly disturbing hard intelligence like this does not sit well with the frantic cries of western academic shills and lobbyists, determined to convince you all that the end of the oil world is nigh, or, more accurately, that America faces an imminent catastrophe when global production capacity "Peaks", i.e. when world demand for crude oil finally exceeds the rate at which we can physically pump the required product out of the ground. The gist of these false claims are outlined in a speech given at the at the University of Clausthal, by lobbyist Doctor Colin Campbell during December 2000:

"In summary, these are the main points that we have to grasp: Conventional [Free flowing] oil provides most of the oil produced today, and is responsible for about 95% of all oil that has been produced so far. It will continue to dominate supply for a long time to come. It is what matters most. Its discovery peaked in the 1960s. We now find one barrel for every four we consume. Middle East share of production is set to rise. The rest of the world peaked in 1997, and is therefore in terminal decline. World peak comes within about five years" [circa 12/2005]

Campbell is just the tip of a giant iceberg of academic Peak Oil 'experts' who suddenly appeared en-masse to give you this frightening news, right after President Saddam Hussein suddenly started trading his oil in Euros rather than in US Dollars, a devastating switch with the easy capacity to destroy the US Dollar in less than five years if it was left unchallenged and unchecked.

So these shills [decoys] were carefully positioned to deflect your attention away from the obvious greed and incompetence of the United States Government and its Wall Street masters, and focus it elsewhere instead. Then, hopefully, a few years later down the track when prices start to bounce through the roof, and America has no Euros to buy crude oil, you will blame gasoline prices of $5.00 + per gallon at the pumps on an 'inevitable decline' in world oil production, rather than march furiously on Washington DC with locked and loaded firearms.

Though attacking Campbell and his ilk is not the purpose of this report, his idiot claims can be debunked readily enough. While it is true that nowadays we only officially find one barrel of oil for every four barrels we consume, this is primarily because we temporarily stopped the incredibly expensive process of looking for crude oil when we had already physically established more than two trillion barrels of reserves in known reservoir locations around the world. When those known reserves drop to [say] one trillion barrels we may be tempted to go and find more, but not until then. And while it is true that the production rate from each individual oil well ever drilled has slowly declined over the years, there is a perfectly valid technical reason for this predictable reduced flow rate, which will be explained later.

In order to understand how Russia has left the rest of the world standing in its wake, it is essential to know a little bit about where oil is located, and how it is extracted from the ground for refining and commercial use. It is an enormously complex subject, especially when considering the ultra-deep wells, which should really have a separate category all of their own. Many years ago I was personally involved at the sharp end of two ultra-deep drilling operations [one of them in direct liaison with Russian experts from the Moscow Drilling Institute], and will try to keep this drilling lesson as simple as I can. Thankfully perhaps, the underlying principle of how and where oil is recovered from is not difficult to comprehend, as illustrated by the diagram below.




The theory underlying how oil is formed at such enormous depths in the mantle of the earth is not central to this report, because the Russians have already proved its point of origin in absolute drilling terms more than 300 times. Those interested in the exact process should research the archives, where there are more than two hundred Russian papers on the subject. Probably a good place to start would be "The Role of Methane in the Formation of Mineral Fuels", written by by A.D. Bondar in 1967. What is central to this report is the massive advantage that Russia's ultra-deep drilling discoveries and technical achievements give it over the western nations.

The first advantage I intend to explain is nowhere near as important in global terms as the second, because it is the second advantage that finally drove the Zionist Cabal to illegally invade sovereign Iraq, and thereby bring us all to the very brink of thermonuclear war. However, from where I sit, the first advantage is much more important in simple humanitarian terms, although "humanitarian" is not an acceptable trading process on Wall Street.

As we have already discovered, oil can be produced virtually anywhere on earth, provided the host country can afford the expensive [and sometimes classified] technology, and the massive cost of drilling a well to extreme depth through extremely hard rock formations. But just think what even 20 or 30 deep producing oil wells can mean for the people of a country that has no natural resources of its own, or worse still, for people who have been told by glib western lobbyists that they have no natural resources of their own. Anyone who can prove that the western nations were lying or simply wrong, will become a trusted friend forever. Vietnam is a classic example.

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.

All of a sudden in a very small way, Vietnam has joined the exclusive club of oil producing nations, and a stream of cynical U.S. Senators and Congressmen have started making the long pilgrimage to Ho Chi Minh City in order to 'mend fences'.
Predictably perhaps, the Vietnamese are very cool, and try hard to ignore their new American admirers.

Welcome to the White Tiger oil field in Vietnam. Observe the truly amazing oil
flares, in an area the Americans officially declared 'barren' of oil reserves !






It is truly amazing how quickly good news travels [outside of CNN], and in a very short space of time China was also engaged in a joint super deep venture with Russia. Nor did it end there. As I write this report, intelligence reports that the Russians have already moved three deep-drilling rigs into impoverished North Korea, where they intend to repeat the Vietnamese production cycle by drilling thought solid granite and basalt, with not a single trace of the 'decaying marine life' so essential to blinkered western geologists for the 'accepted' production of crude oil. It may take a while, but ultimately the North Koreans will be able to go about their sovereign business without the Zionist Cabal in New York being able to blackmail them over a few ship loads of food-aid rice. Yes indeed, Korea will eventually have an oil surplus of its own, allowing it to tell the latest in a long line of terminally insane "New World Orders" to go to hell.

The White Tiger project was the first outside Russia to openly exploit and showcase this ultra-deep technology and oil production from basalt rock to the world, though the original intent was to do so much earlier in India during 1983. During that year a large drilling rig in the Ganges Delta was scheduled to drill down to below 22,000 feet into basalt, and then dramatically flare "impossible" ultra deep oil. Oil well Bodra #3 was directly supervised by teams of experienced Russian drillers and scientists from the Moscow Institute of Drilling, with the author the only westerner on site, contracted to control one of the critical advanced systems needed to reach target depth smoothly and efficiently.

If Bodra #3 had been allowed to drill ahead unhindered, there is no doubt the resulting impact would have sent shock waves around the oil world, and gained enormous international prestige for the Russians. Even more importantly perhaps, the desperately poor people of West Bengal would have gained access to their own energy reserves. Unfortunately, Bodra #3 was not allowed to drill ahead unhindered. The Americans were determined to stop the project one way or the other, and played on New Delhi's obvious fear of the Communist State Government in West Bengal. After bribing a handful of corrupt central government officials, US intelligence sent in professional American saboteurs, who managed to wreck the drilling project while the author was away on a visit to Sydney in Australia.

Before we continue to the second massive advantage derived from ultra deep oil, and thus the primary reason why Wall Street decided to illegally invade Iraq, it is essential to look briefly at the way in which America devours a massive portion of global oil supply. You see, the 'Peak Oil' scam is not really about the world running out of oil reserves or being incapable of producing sufficient quantities to provide for its various national users. Instead, Peak Oil was fabricated to disguise America's individual increasing greed for crude oil, and its imminent inability to pay hard cash for the product. Put simply, America is going broke fast, and Wall Street wishes to blame someone else before the angry Militias appear with their locked and loaded weapons.

This sorry situation is best summarized by Professor Victor Poleo of Venezuela's Central University, who told IPS in April that, "The mechanism by which global oil prices are set is intact, but the normal behaviour of supply and demand is not." According to Poleo, the root of the problem is that the United States ''is a terminal victim of its energetic metastasis. It has neither the oil nor the natural gas needed to feed its style of development. With just six percent of the world population, it consumes nearly 25 percent of the oil and gas produced worldwide.''

Serpo
30th June 2010, 01:54 AM
cont....

Professor Poleo went on to explain that there were expectations that demand for gasoline in the United States would stabilize at around 7.2 million barrels a day by the mid-1990s, ''but that didn't happen,'' he said. ''The United States' voracity for gasoline rose to nine million barrels by 2003, one of every two liters burnt in the world.'' And domestic demand for crude oil will continue to grow. The United States imports today six of every 10 barrels of oil and two of every 10 cubic meters of gas that it consumes, and by 2020 it will import eight of every 10 barrels of oil and four of every 10 cubic meters of gas, according to U.S. government reports.

Despite the fact that American intelligence already knew of Russia's achievements with ultra deep oil production from the mantle of the earth back in the early eighties, it was obvious that this slow and expensive method of adding to national oil reserves could never keep up with America's voracious appetite for gasoline. So ultimately when domestic demand grew too fast, or cash reserves were finally depleted, America would either be obliged to halve its own use of gasoline, or steal it from someone else by force. Halving gasoline usage was out of the question, so instead of building hundreds of ultra-deep drilling rigs, Wall Street squandered the cash building more aircraft carriers, with the desperate objective of attacking and permanently occupying the Middle East.

This is the point at which the second massive advantage derived from ultra-deep oil comes into play. Do you remember how puzzled the reservoir engineers were when they discovered that their existing reserves were being "topped up" from below? They later discovered that what they were really observing were naturally occurring ultra-deep oil wells, leaking vast quantities of oil from the mantle of the earth upwards through fractures into what we nowadays refer to as "sedimentary oilfields", located relatively close to the surface. As the production companies draw oil out of these known reservoirs through oil wells, field pressure is slightly reduced, thereby allowing more ultra-deep oil to migrate up from the mantle and restock the reservoir from below.

Russian studies of their own ultra-deep wells and those in the White Tiger field in Vietnam, indicate in very rough terms that migration from the mantle is probably 20-30% less than production at Middle East wellheads, meaning in turn that if the flow rates of existing Iraqi and Saudi wells are reduced by about 30%, oil supply and production can and will continue forever, constantly replenished by ultra-deep oil from the mantle itself. It goes almost without saying that even with production reduced by 30%, there is more than enough oil in the Middle East to provide for America's increasing usage for at least the next century. And that, ladies and gentlemen, is why your sons and daughters have died and will continue to die in Iraq and elsewhere in the Middle East.




In direct conflict with the 'Peak Oil' myth, the under-reamer shown in these photos can restore an oil well's original production rate, using basically the same principle as changing the oil filter in your automobile engine

Now we come to the completely false [or deliberately misleading] claim by Peak Oil shills that production from existing oil wells is "slowing down", thereby proving that the oil fields are "running dry". This is so wrong that it is almost breathtaking. Think of this slowing down process in the same way you might think of the engine oil in your automobile. The longer you run the engine, the higher the level of contaminates that get into the oil. The higher the level of contaminates, the higher the level of friction. Sooner or later you have something closely akin to glue coating your piston rings, and the performance of your engine declines accordingly. This is an inevitable mechanical process well known to all automobile owners.

Henry Ford and others managed to slow down the rate of contamination in engine oils by inventing the oil filter, through which the oil has to circulate each time it passes around inside the engine. A high percentage of the contaminates stick to the filter element, thereby allowing extra miles between oil changes, though heaven help the careless motorist who thinks he can get away without ever changing his clogged oil filter when recommended.

When oil is extracted from a producing formation underground, it flows out through pores in the reservoir rock, and then into the open borehole, from where it is transported to surface by the production tubing string. So by the very nature of the beast, the bottom section of the well is "open hole" which allows the oil to flow out in the first place, but because it is comprised of exposed and sometimes unstable rock, this open hole section is also continually subject to all manner of turbulence and various contaminates. For example, tiny quantities of super fine silt may exit through the pores but not continue to the surface with the oil, tumbling around in the turbulence instead, until the silt very slowly starts to block off the oil-producing pore throats. Yes, of course there are a variety of liners that can be used to slow down the contamination, but there is no such thing as a Henry Ford oil filter 10,000 feet underground.

The inevitable result of this is that over time, the initial production rate of the well will slowly decline, a hard fact known to every exploration oilman in the business. However, this is certainly not an indication that the oil field itself is becoming depleted, proved thousands of times by offset wells drilled later into the same reservoir. Any new well comes on stream at the original production rate of its older cousins, because it has not yet had time to build up a thin layer of contaminates across the open hole. Though as we shall see it is possible to "do an oil change" on a producing well and bring it back to full production, this is extremely expensive, and rarely used in the west.

Look at a simple example: Say we have a small oil field in Iraq with ten wells that each started out in life producing 10,000 barrels of oil per day. Fine, for a known investment we are producing 100,000 barrels of oil per day from our small field, at least for a while. Five years later contamination may have slowed our overall production down by ten percent to 90,000 barrels per day. So we are now faced with a choice: either "do an oil change" on all ten existing wells at vast expense and down time, or simply drill one additional well into the same reservoir, thereby restoring our daily production to 100,000 barrels with the minimum of fuss. Take my word for it, ninety-nine percent of onshore producers will simply drill the extra well.

Naturally, there are times and places where this simple process is not an option, for example on a huge and very expensive offshore platform, which may have only 24 drilling 'slots', all of which have been used up. To restore your overall production after five years you can either build another giant platform next door for two billion dollars, or "do an oil change" on each of your existing 24 wells, one at a time. Clearly this time you are forced to carry out the time consuming business of restoring the open hole section at the bottom of the well to its old pristine condition, before various contaminates started to slow down your production rate.

For this task you first pull the production tubing out of the hole, and then run back in with a drill string, to which is attached an underreamer as shown in the pictures above. When the reamer is directly opposite the top of the open hole producing section, the drill string is rotated to the right and the blades fly out under centrifugal force to a distance preset by you before lowering the tool into the hole. The objective is to cut away the contaminated face of the well to a depth you consider will once again expose pristine producing pores. As the spinning underreamer is slowly lowered, it enlarges the size of the hole, with the contaminated debris cut away and flushed back to surface by the drilling fluid. Hey presto, you have a new oil well, and it only cost one or two million dollars to restore

Remember, I said this process is rarely used in the west, which is true, but it is not true of Russia, where the objective for many years has been to dominate global oil supply by continual investment. With no shareholders holding out their grubby little hands for a wad of pocket money every month, the Russian oil industry managed to surge ahead, underreaming thousands of its older existing onshore wells in less than ten years. Then along came Wall Street asset Mikhail Khodorkovsky, who fraudulently got his hands on Yukos oil for a mere fraction of its value, and was on the point of selling the entire outfit to the American multinationals when Vladimir Putin had him hauled off his private jet somewhere in Siberia. So Wall Street was finally 'cheated' of its very own 'free' Russian oil, and poor old Mikhail had better get used to the taste of prison food.

To recap, 'Peak Oil' claims that because today we only find one barrel of oil for every four that we use, world oil reserves are running out. Completely misleading propaganda. as the Russians [and the CIA] know perfectly well, reserves of oil in the mantle of the earth are infinite. 'Peak Oil' also claims that we will shortly be unable to pump sufficient oil out of the ground to keep up with demand. Completely misleading propaganda again. We could drill more wells, but Wall Street cannot afford to pay for them, and never intended to, at least not while it still believed conquest and eternal occupation of the Middle East was a realistic possibility.

Professor Poleo makes it quite clear which direction the west needs to go in if it is to survive in the long term, and that is to follow Russia's example by sharply reducing domestic consumption. Back in 1990 America was using around 6 million barrels per day compared to Russia's 8.4 million, but how things have changed since then. Thirteen years later in 2003, American consumption was up to 9 million, while Russian consumption had been reduced to a mere 3.2 million. A few billion folk over there in America might like to walk around their houses and switch off any electrical appliances they don't actually need. Believe me, I can almost hear the oil surging through the pipelines in New York, and I live more than 12,000 miles away in Australia.

In closing, I would like to pass on my greetings and thanks to the cheerful Russian drillers and scientists I had the pleasure of working with at Bodra #3 in West Bengal, without whose expertise we might all be dead today, as a direct consequence of repeated American sabotage attempts on the high pressure well. My thanks also to the Moscow Drilling Institute for the unrestricted flow of information and documents on ultra deep oil production technology, without which I could not have written this report.

http://www.rense.com/general75/zoil.htm

Large Sarge
30th June 2010, 04:28 AM
the mossad poisoned him

Sad

Ironfield
30th June 2010, 06:37 AM
Great article you've found there Serpo, and yes Large Sarge poor old Joe Vialls died at a not so old age in a rather conspicuous manner shortly after this article was published.

I need to go off and do some further reading on this topic but it seems I'll be kept in business here for a while yet. If they can keep pumping out the oil, I'll keep helping to build their skyscrapers.

-Ironfield

Awoke
30th June 2010, 07:04 AM
Can't read it all right now, but I wanted to thank you for posting this, Serpo.

iOWNme
30th June 2010, 08:02 AM
Good post!

I have never believed in Peak Oil. Mainly because we would have to trust the people who make money from it as to just how much there is. And without a factual basis for that, the rest is fear mongering....

Just like in the 1970's when high school children were taught about 'Global Cooling'.

Why control people with violence in their own land, when you can control them with resources from afar?

Ash_Williams
30th June 2010, 08:46 AM
I skimmed over it but he seems to have ignored how a lot of oil wells are still dried out even though they haven't been touched for 40+ years.

Serpo
30th June 2010, 10:11 AM
I skimmed over it but he seems to have ignored how a lot of oil wells are still dried out even though they haven't been touched for 40+ years.


This is normally the case but the Russians seem to be onto something else again by going deeper

Serpo
30th June 2010, 10:14 AM
the mossad poisoned him

Sad




Really ,you are saying he was murdered for giving out this info.....

Ironfield
30th June 2010, 12:15 PM
I skimmed over it but he seems to have ignored how a lot of oil wells are still dried out even though they haven't been touched for 40+ years.


Ash from the second half of the post
When oil is extracted from a producing formation underground, it flows out through pores in the reservoir rock, and then into the open borehole, from where it is transported to surface by the production tubing string. So by the very nature of the beast, the bottom section of the well is "open hole" which allows the oil to flow out in the first place, but because it is comprised of exposed and sometimes unstable rock, this open hole section is also continually subject to all manner of turbulence and various contaminates. For example, tiny quantities of super fine silt may exit through the pores but not continue to the surface with the oil, tumbling around in the turbulence instead, until the silt very slowly starts to block off the oil-producing pore throats. Yes, of course there are a variety of liners that can be used to slow down the contamination, but there is no such thing as a Henry Ford oil filter 10,000 feet underground

From what I understood it’s only "dry" due to the buildup of sediment and congealing mess that blocks the extraction/flow of the oil. The changing of the oil filter i.e. redrilling out the well shaft would clean it up and cause the oil flow to resume.

-Ironfield

vacuum
30th June 2010, 02:18 PM
Wow, this is from 2004. Wonder why I haven't heard of it till now. Any new info on the same topic? He mentions something about north korean wells, any other news on this?

Serpo
30th June 2010, 03:08 PM
Wow, this is from 2004. Wonder why I haven't heard of it till now. Any new info on the same topic? He mentions something about north korean wells, any other news on this?


Has been a bit of info of late on this subject,sometimes you just take for granted that everyone has heard about certain things,,,,,,,dont know about the NK stuff though

Serpo
30th June 2010, 05:25 PM
Astonishing Amount Of
Oil & Gas Off Louisiana
It's Raining Hydrocarbons In The Gulf
By Lisa M. Pinsker
Geotimes - Petroleum Geology
3-7-5


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. Image by Larry Cathles.

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.

(First published 2003)
http://www.geotimes.org/june03/NN_gulf.html

chad
30th June 2010, 05:34 PM
i didn't read the whole thing. can someone summarize the jew part? jews own all the oil companies and so peak oil is designed to drive up the price?

keehah
30th June 2010, 05:49 PM
To recap, 'Peak Oil' claims that because today we only find one barrel of oil for every four that we use, world oil reserves are running out.

Peak oil is not about running out of oil. It appears he does not even comprehend what he claims to prove is a scam.

But I have seen willing ignorance (lies) about Peak oil often in the Zionist media.
Perhaps he is right in a way, his false definition of peak oil is a scam.

http://en.wikipedia.org/wiki/Peak_oil

Peak oil is the point in time when the maximum rate of global petroleum extraction is reached, after which the rate of production enters terminal decline... Peak oil is often confused with oil depletion; peak oil is the point of maximum production while depletion refers to a period of falling reserves and supply.

StackerKen
30th June 2010, 05:58 PM
To recap, 'Peak Oil' claims that because today we only find one barrel of oil for every four that we use, world oil reserves are running out.

Peak oil is not about running out of oil. It appears he does not even comprehend what he claims to prove is a scam.

But I have seen willing ignorance (lies) about Peak oil often in the Zionist media.
Perhaps he is right in a way, his false definition of peak oil is a scam.

http://en.wikipedia.org/wiki/Peak_oil

Peak oil is the point in time when the maximum rate of global petroleum extraction is reached, after which the rate of production enters terminal decline... Peak oil is often confused with oil depletion; peak oil is the point of maximum production while depletion refers to a period of falling reserves and supply.





But who can say "The maximum rate of global petroleum extraction has been reached" ?

Know one knows that.

Large Sarge
30th June 2010, 06:33 PM
the mossad poisoned him

Sad




Really ,you are saying he was murdered for giving out this info.....


yes this, and he covered the tsunami in S.E. Asia (said it was a nuke on the undersea fault line)

The Tsunami that killed like 300,000 people

he was a very smart fellow, and I believe old Joe had worked for the mossad at one time (rumoured)

the mossad/zionists have 2 tactics

if you are a "self hating jew", they cannot label you anti-semite, so they are eventually forced to kill you.

for all the gentiles, they can tar and feather you in the zionist media

But Joe did some good research

he died of kidney failure

I think it was that stuff, thallium is it?

the one the mossad used on the PLO leader, arafat

pretty nasty stuff

keehah
30th June 2010, 06:48 PM
But who can say "The maximum rate of global petroleum extraction has been reached" ?

Know one knows that.


Most of the Peak Oil commentators have said any peak (in conventional crude) will be obvious only years after the fact. Most see some type of bumpy plateau for several years around peak production rates.

The last 4 years have not met world conventional oil production levels of 2005. Only time will tell if this holds.

vacuum
30th June 2010, 06:50 PM
To recap, 'Peak Oil' claims that because today we only find one barrel of oil for every four that we use, world oil reserves are running out. f

Peak oil is not about running out of oil. It appears he does not even comprehend what he claims to prove is a scam.

But I have seen willing ignorance (lies) about Peak oil often in the Zionist media.
Perhaps he is right in a way, his false definition of peak oil is a scam.

http://en.wikipedia.org/wiki/Peak_oil

Peak oil is the point in time when the maximum rate of global petroleum extraction is reached, after which the rate of production enters terminal decline... Peak oil is often confused with oil depletion; peak oil is the point of maximum production while depletion refers to a period of falling reserves and supply.



Wow, way to take the first half of a paragraph, say it is incomplete and therefore wrong, then quote a source that says exactly the same thing as the second part of the paragraph.


To recap, 'Peak Oil' claims that because today we only find one barrel of oil for every four that we use, world oil reserves are running out. Completely misleading propaganda. as the Russians [and the CIA] know perfectly well, reserves of oil in the mantle of the earth are infinite. 'Peak Oil' also claims that we will shortly be unable to pump sufficient oil out of the ground to keep up with demand. Completely misleading propaganda again. We could drill more wells, but Wall Street cannot afford to pay for them, and never intended to, at least not while it still believed conquest and eternal occupation of the Middle East was a realistic possibility.

The author is addressing both peak oil in its academic meaning, and peak oil in its popular meaning. He isn't missing anything.

vacuum
30th June 2010, 06:54 PM
You are correct though in saying that actual production and potential production may not be the same. If they can't afford to "pay" for the well, you can call that peak oil. But then peak oil depends not only on geology, but also on global business cycles.

dysgenic
2nd July 2010, 01:19 PM
The peak oil rabbit hole is a deep one. I used to be absolutely convinced that peak oil is real, now I'm leaning towards believing that it's fake. However, one thing that really bothers me is how those in the latter camp consistently mischaracterize the peak oil theory (examples: 'running out of oil), or simply don't have logical arguments to explain WHY they believe it's a hoax. Like I said, I'm starting to believe that it is a hoax, but part of the reason I didn't come around sooner is that a lot of the people in the hoax camp fail to make compelling arguments. The OP is a compelling argument from where I sit.

dys