Massive Arctic Oil Discovery - Rosneft Elated, XOM Adheres To Sanctions

Oil Pro ^ | 9/28/2014 | Jeff Reed

[DennisR]

Rush is wrong on this one...

[bert]

Plate tectonics

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

[thackney]

All crude oil contains microfossils.

USING MICROFOSSILS IN PETROLEUM EXPLORATION
http://www.ucmp.berkeley.edu/fosrec/ONeill.html

It isn’t from dinosaurs. It is sediment from oceans and a few lakes. Plankton, algae, etc get trapped in the sediment away from oxygen that would fully decompose the organics. Just as we can squeeze oil out of new algae, complex hydrocarbons are left in the sediment.

[DennisR]

So you are saying that petroleum is, as most believe, a fossil fuel?

[thackney]

Financial sanctions stop non-Russian companies from investing in Russia.

[Izzy Dunne]

The Kara Sea?

Heck, my grandparents used Kara Sean heaters a long time ago...

[thackney]

Absolutely.

Crude oil cannot be Carbon-dated because it is so old the radiocarbon, radioactive ¹⁴C has already decade past any measurable quantities for half-life comparison.

[thackney]

has already decade past

decayed, not decade

[DennisR]

So you are saying that all of the petroleum on earth came from plankton and algae? Anything else besides these two?

[thackney]

Plankton and algae are examples of the material trapped in the sediment. They are not the only items trapped in the sediment that contributed. But Algae is a large portion.

[SVTCobra03]

Abiotic oil myth:

http://rationalwiki.org/wiki/Abiotic_oil

[Balding_Eagle]

The reference would be more creditable if the sarcasm of those who disagree had been left out.

[Uncle Miltie]

This is impossible because Peak Oil predicts that .....

.... never mind.

[McGruff]

The most powerful man in Russia’s oil industry says U.S. sanctions won’t prevent the development of discoveries in the Arctic Ocean.

Igor Sechin, chief executive officer of state oil producer OAO Rosneft and a long-time ally of President Vladimir Putin, spent two days traveling by plane, ship and helicopter last week to announce a billion-barrel crude strike in the iceberg-prone Kara Sea region of Russia’s Arctic Ocean.

“We will continue working no matter what,” Sechin said in an interview on board a polar research vessel as he prepared to unveil the find he named Victory. “We will plan the work for next season. As I said, now we’ve drilled only the first structure — at Universitetskaya. There are more than 30.”

But Sechin has a problem. The first well, the costliest ever drilled in Russia, relied on money and expertise from Exxon Mobil Corp., Rosneft’s partner in the Arctic and America’s largest oil company. Under U.S. sanctions, imposed to punish Putin’s actions in Ukraine, Exxon must stop working in Russia’s offshore after the well is safely sealed.

http://www.energyvoice.com/2014/09/russia-oil-chief-says-sanctions-bar-developing-arctic-find/

[Foundahardheadedwoman]

They are not the only items trapped in the sediment that contributed. But Algae is a large portion.

---

Something I have often wondered is why did God create oil?
If you look at nature it seems to me that there is always a purpose for a plant or animal. I have often wondered what the purpose of oil is, what part does it play, God doesn’t do or create things with no reason. Anyone who can help me with this?

[thackney]

Oil and gas has been a benefit to those of us created in God’s image.

I’m more interested in why the heck we have mosquitoes. My wife wants to know why we have cockroaches.

[Bulwyf]

Before the flood the earth was one big greenhouse. So that would make sense.

[knarf]

rottndog got it ... abiotic oil.

As I recall, part of the reasoning is that a limited earth, given to man to subdue, denies the omnipotence of God and His ability to keep fishes and bread flowing

(Yeah, I mixed it all up for the synopsis)

[Lurkina.n.Learnin]

LOL

[ChicagahAl]

Russia claims it owns the seabed of the Arctic Ocean.

WWIII may be fought over the Arctic.

Or perhaps that will be WWIV.