Posted on 09/29/2014 10:54:40 AM PDT by thackney
I believe oil is a natural subject, not formed over billions and billions of years by plant and dinosaurs material.God put it and natural gas in the earth knowing we would use it someday.
In the Gulf of Mexico they hit oil 18,000 down.
Explain that one.
Or that we use 21 million barrels of oil per day just in the US.
That is ONE rig I’d hate to work on!
Talk about COLD
Rush explained this two or three years ago and though I forget the reasoning, I accepted it as truth.
Yeah. You know it's gotta be pretty bad when you have to go way down south to get to Siberia.
Cognitive Dissonance?...............
Actually, core samples from the arctic sea bed contain fossils from many tropical life forms....meaning the arctic not only has been completely ice free, but very warm for long periods of time in the past.
BTW....I also believe in abiotic oil.
From Wiki:
In 2014, US government sanctions resulted in Exxon having until September 26 to discontinue its operations in the Kara Sea.[2]
http://en.wikipedia.org/wiki/Kara_Sea
This like all the other commercial oil production sites, are located in sedimentary basins. Sedimentary basins are the accumulation of sediment, laid down from the surface.
You need to think in geological terms. Most folks cannot seem to wrap their minds around that spread of time. 1" of compacted sediment that took 1,000 years to accumulate becomes more than 6 miles deep in 400 million years.
And it isn't dinosaurs, that was a cartoon ad. The dinosaur is from Old Sinclair and other Oil ads because it was from rock laid down in pre-historic (dinosaur) age.
If you will learn a bit more about geology, including cap rocks, petroleum traps, etc, it can be come more clear.
This may actually help the Russians. The price of oil is drifting lower now, so a huge new supply would not help. If they can’t drill it for five years, they may get more money for it then.
Washington extended sanctions on Russia last week over its aggression in Ukraine. The new measures seek to stop billions of dollars worth of cooperation between Western and Russian energy companies on oil drilling in Russia’s Arctic, in Siberia and offshore. Companies have until Sept. 26 to stop the work.
The U.S. Treasury Department gave Exxon a short extension to wind down a rig, beyond the 14 days outlined in the sanctions, the Texas-based oil major said on Friday without elaborating.
“Following the short time extension, the license is non-renewable and no further work is permitted,” Exxon spokesman Richard Keil told Reuters.
UPDATE 4-Exxon winds down drilling as U.S. sanctions hit Russia
http://www.reuters.com/article/2014/09/19/usa-exxon-russia-idUSL1N0RK1HA20140919
Exxon is already out, but it doesn’t change much. If they start pumping from there, the price of oil will drop to unsustainable for Russian economy level - suicide by overproduction of sorts. They entered a vicious circle: in order to support their ambitions, they must sell more hydrocarbons, yet by selling more they are dropping prices.
Dinosaurs also died by the billions on Saturns moons.
Is anyone else as amazed as I am at this technology? These engineers can put a floating chunk of steel on the Arctic ocean and drill a hole 20,000 feet deep in 2000ft of water.
I wonder if Exxon-Mobil left any technology with the Russian’s so they can gain access to that oil.
Without the proper equipment,that oil will remain below the surface of the Kara Sea.
BTW....I also believe in abiotic oil.”
++++++++++++++++
I believe that most of it is from an Earth's worth of decaying plant material after the flood.
I think it's doubtful that much of it is from dinosaurs
Whether Exxon is there or not, the oil is. And everybody knows it............
IIRC, back in the old Soviet days, they needed some western cash and threatened to dump a huge stockpile of diamonds on the market. DeBeers had to buy them all up to keep the market prices from collapsing...........
“Gee, now how did all them dinosaurs and plants get up there to die and leave us all this oil? /s”
Bingo! I propose that whoever uses the term “fossil fuels” should be set straight!
The biggest problem Russia currently has in developing this field is financial. This is a very expensive operation and they needed additional cash.
How does the US get to stop drilling in Russian territory?
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