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Promising New Oil Find in Gulf of Mexico
http://biz.yahoo.com/ap/060905/major_oil_discovery.html?.v=7 ^
| Tuesday September 5, 9:24 am ET
Posted on 09/05/2006 7:03:34 AM PDT by BenLurkin
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1
posted on
09/05/2006 7:03:36 AM PDT
by
BenLurkin
To: BenLurkin
Lets see what this does to open interest numbers today...
To: BenLurkin
Are there any caribou in the Gulf of Mexico? :)
3
posted on
09/05/2006 7:22:40 AM PDT
by
P-40
(Al Qaeda was working in Iraq. They were just undocumented.)
To: Eric in the Ozarks
Good news but I sure hope it doesn't slow the search for alternative fuels. I want to see the "jittery speculators" pay for their greed.
4
posted on
09/05/2006 7:23:15 AM PDT
by
mcshot
("If it ain't broke it doesn't have enough features." paraphrased anon.)
To: BenLurkin
It's in international waters.
Cuba and China will drill it dry before our 'betters' will allow us to touch it.
5
posted on
09/05/2006 7:26:06 AM PDT
by
null and void
(Islamic communities belong in Islamic countries.- Eric in the Ozarks)
To: P-40
No, but there's a little green fish that only swims in waters where oil can be found, and there's only a few hundred of these little fishies, and...
6
posted on
09/05/2006 7:30:04 AM PDT
by
theDentist
(Qwerty ergo typo : I type, therefore I misspelll.)
To: BenLurkin
I'm sure the Democrats will find some way to block this. After all, we wouldn't want to see the price of gas dropping at the pumps.
7
posted on
09/05/2006 7:35:13 AM PDT
by
Cicero
(Marcus Tullius)
To: BenLurkin; potlatch; ntnychik; Smartass; Boazo; Alamo-Girl; PhilDragoo; The Spirit Of Allegiance; ..
last one there's a rotten egg........
8
posted on
09/05/2006 7:36:00 AM PDT
by
bitt
("And an angel still rides in the whirlwind and directs this storm.")
To: mcshot
Believe me, they have been. There were hundreds of bets on $75 crude that got clobbered over the last couple of weeks. Ditto gasoline contract hedgers.
To: theDentist
Yeah, I had some of those with a little cilantro. They're pretty tasty blackened. Or I should say, they were tasty.
10
posted on
09/05/2006 7:39:38 AM PDT
by
domenad
(In all things, in all ways, at all times, let honor guide me.)
To: bitt
Sniff, sniff, I smell rotten eggs. Oh, it's just the United States, last on the scene. Well behind China, Cuba and India.
11
posted on
09/05/2006 7:40:47 AM PDT
by
Enterprise
(Let's not enforce laws that are already on the books, let's just write new laws we won't enforce.)
To: Dog Gone
During the test, the Jack 2 well sustained a flow rate of more than 6,000 barrels of oil per day, Statoil said. 6,000 bbls a day? Dang, that's like a Saudi well.
12
posted on
09/05/2006 7:43:02 AM PDT
by
dirtboy
(This tagline has been photoshopped)
To: bitt
To: Enterprise
Oh, it's just the United States, last on the scene. Well behind China, Cuba and India.Well, that's one way to look at it, I guess.
But somebody has drilled to a TD of 28,000+ feet in 7000 feet of water, and the Jack 2 tested at 6000 barrels of crude per day.
Getting to 28,000 feet in deep water isn't exactly to be sneezed at, and it undoubtedly has taken considerable time.
14
posted on
09/05/2006 8:02:09 AM PDT
by
Ole Okie
To: BenLurkin
BP once estimated that there could be more oil than the entire Middle East combined just in the Gulf of Mexico. Once the technology to do automated deep sea floor extraction becomes practical, that--combined with heating oil shale using the method Royal Dutch Shell developed--could mean North America may have 2-3 times all the oil in Iraq, Iran, Saudi Arabia, Kuwait, Qatar, and the UAE combined. That could mean OPEC could end up losing 25% of their customer base.
To: null and void
It's in international waters. Cuba and China will drill it dry before our 'betters' will allow us to touch it
Absolutely, "Right on!!"
It would not make any difference if this "find" was 1,000 miles of the tip of Florida/California or bumf*cked Egygpt, the environmental wackos and their enablers/supporters (of which there are legions) would somehow manage to obstruct and delay (for years) any possible drilling and establishing a new source of oil/gas which would help make us less dependent on our "allies"--Mexico, Venezuela, Saudi Arabia, et al.
Regardless, I wish this article had been more specific as to the location of this potential new discovery.
16
posted on
09/05/2006 8:12:25 AM PDT
by
seasoned traditionalist
(ALL MUSLIMS ARE NOT TERRORISTS, BUT ALL TERRORISTS WHO WANT TO DESTROY OUR COUNTRY, ARE MUSLIMS)
To: dirtboy
Dang, that's an impressive test. I'd love to know what the cost of drilling it was. I'll bet it was well north of $50 million.
17
posted on
09/05/2006 8:13:19 AM PDT
by
Dog Gone
To: null and void
It's in international waters The law of the sea treaties probably put this off limits for everybody.
18
posted on
09/05/2006 8:18:20 AM PDT
by
RightWhale
(Repeal the law of the excluded middle)
To: RightWhale
As Vanderbilt said, "What do I care about the law?"
19
posted on
09/05/2006 8:22:56 AM PDT
by
null and void
(Islamic communities belong in Islamic countries.- Eric in the Ozarks)
To: seasoned traditionalist
Bumf*cked Egypt would get a pass...
20
posted on
09/05/2006 8:24:56 AM PDT
by
null and void
(Islamic communities belong in Islamic countries.- Eric in the Ozarks)
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