[Dog Gone]

Eugene Island 330 is an anomaly. If Dr. Gold's theory were true, this would be happening in every field and reservoir, and it's not. In fact, if Gold's theory were true, it would be hard to drill a dry hole. Why, oil is just bubbling up from the earth's core everywhere! And once you drill a producer, never plug it. In a couple of months it will be bigger than ever!

The fact of the matter is that the sedimentary rocks in the Gulf of Mexico extend far deeper than 6,000 below the sea bottom where the reservoir was initially tapped. The area is heavily faulted. Whether through pressure depletion of the shallow producing formation as the first wells were drilled, or through some lower techtonic event, oil in a deeper, untested zone migrated up past a previous seal (probably along a fault line) and replenished the reservoir.

All that Eugene Island 330 proves is that the industry hasn't drilled deep enough in the Gulf to find oil currently trapped in place.

[Veritas_est]

"The Middle East has more than doubled its reserves in the past 20 years, despite half a century of intense exploitation and relatively few new discoveries. It would take a pretty big pile of dead dinosaurs and prehistoric plants to account for the estimated 660 billion barrels of oil in the region, notes Norman Hyne, a professor at the University of Tulsa in Oklahoma. "Off the wall theories often turn out to be right," he says."

Your observations, however astute, do not address this situation.