Posted on 01/30/2007 8:39:08 AM PST by milwguy
Chevron's announcement this week that the Jack Field located in the Gulf of Mexico 270 miles southwest of New Orleans may have as much as 15 billion barrels of oil was not the only recent find of oil in the Gulf.
In March, Mexico announced the discovery of a new huge oil find, the Noxal Field some 60 miles from the port of Coatzacoalcos on the coast of Veracruz state. Estimated to contain as much as 10 billion barrels of oil, the find could well be larger than Cantarell, Mexico's biggest oil field, near Yucatan.
Like the Jack Field discovery, the Noxal Field is a deep-water find, relying on new drilling technology. Chevron is drilling the Jack Field under some 7,000 feet of water in a 28,175-foot well, in total nearly seven miles under the surface of the Gulf.
The Noxal find was deep-water, though somewhat less so that the Jack field, at under a little more than half a mile of water and a further two and a half miles underground.
"The new deep-water finds in the Gulf of Mexico are more validation for what we wrote in "Black Gold Stranglehold: The Myth of Scarcity and the Politics of Oil," co-author Jerome R. Corsi explained to WND. "The deep-earth, abiotic theory – that the origin of oil has nothing to do with biological material – argues that oil is abundant at levels deep within the earth."
Co-author Craig R. Smith pointed out "all of these Gulf of Mexico oil finds are at deeper levels than traditional-thinking 'fossil fuel' geologists typically looked."
"Moreover, these finds call into question the 'peak oil' theories that we are running out of oil," he said. "When huge new finds are being made in the Gulf, why does President Bush continues to believe we must prepare for a world running out of oil?"
Even before the new Mexican discovery, the Energy Information Agency's own figures estimate proven world oil reserves at 1.28 trillion barrels, more than ever in human history, despite world consumption nearly doubling since the 1970s. Currently, oil is plentiful on world markets and the price has fallen under $70, despite the continuing uncertainty with resolving Iran's enrichment of uranium in defiance of the U.N. Security Council.
The Yucatan seabed is believed to have been deeply cracked by the impact of the huge Chicxulub meteor that killed the dinosaurs at the end of the Mesozoic Era. The Chicxulub impact crater is massive, estimated to be 100 to 150 miles wide. The seismic shock of the meteor fractured the bedrock below the Gulf and set off a series of tsunami activity that caused a huge section of land to break off and fall back into the crater under water.
"It is possible that the Chicxulub meteor fractured much of the bedrock in the Gulf of Mexico," Corsi told WND. "Who knows how much oil will be found in the Gulf of Mexico? 100 billion barrels? 200 billion barrels? Nobody really knows. We have just begun to explore the Gulf at deeper levels for oil."
These are facts the left and our political elite do not want us to know. Why is China allowed to drill off of KEY WEST and we are not? Thank Jimma Carter for that one............Earlier this year, Cuba announced plans to hire the communist Chinese to drill for oil off Key West, Fla. The move was made possible by the 1977 agreement under President Jimmy Carter that created for Cuba an "Exclusive Economic Zone" extending from the western tip of Cuba to the north, virtually to Key West.
Your link is to a Apr 2006 article about Alaskan oil. Where is the text you posted within that article?
This information does not fit will with the liberals grand scheme of things. Nancy and her ilk will be saddened. They will do everything in their power to stop any drilling.
I read something not to long ago that pretty much all of the oil wells in the world are less than 7 miles deep and that we don't really know much about the lower 10 miles of the outer crust.
As drilling technology improves and wells begin to go beyond the outer ten miles into the lower ten, there will probably lots of oil and gas deposits discovered in surprise locations.
we have oil in Alaska, and our neighbor can top off the Saudis, and we are courting middle east petroleum why?
Sorry I could not post this article per freeper rules.........here is original link..........
http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=51888
Less than a year's supply. /sneer
We have 23 billion off shore in Alaska at LEAST. Add another 10 billion plus in just ANWR and if we opened more of the state up we would be looking at least 50 billion in Alaska ALONE. Add another 100 billion in the gulf of mexico and then look off of the west coast and east coast and you are well in excess of 200 billion. Add another 20-50 for continental us reserves and we have as much as SAUDI ARABIA!! Why do we think the Russians have so much oil? How about Norway? Answer is they are tapping the same Artic structures as we have access to.
Someday the Muslims will run out of oil and realize all they have left is a gazillion acres of kitty litter.
We all heard some of this declared several months ago. Then the news died. Why? What are the games being played with oil? Well, we 'get' Chavez. Forget him. But is this not enough oil to supply our quarter of the world with oil for a fairly long time. Certainly enough time to REALLY come up with good substitutes. And who knows, maybe there is much more oil. Come on, if it's there, let's "mine" it. Or are we wringing our hands over the cost of "mining" it. Or are the blocks put in the way unable to be changed. Everybody stands to profit. Time to get real, one way or the other.
The abiotic theory was, is, and always will be bunk. Gold was another Barnum, but the suckers out there will never believe it.
The oil finds in the GOM are perfectly supported by traditional geologic concepts. The problem is that the price of oil must be over $50 for this stuff to be economic. And it will take many years for each field to have the infrastructure to get the oil out.
Yes, the finds are exciting. But, as an oil and gas explorer myself, I know how much harder it is every day to find new oil deposits, and the big ones left are all in hostile areas--unfriendly countries, deep water, or environementally sensitive areas.
We will never have oil independence in this nation by drilling our own reserves. Companies in the US are barely staying even with production declines in oil.
Another day another 10 billion barrels of oil...hohum.
A billion here, a billion there. Pretty soon you're talking about lots of oil...
The democrat party changing name to the French party.
"We've long known that starvation in Africa is due to politics not scarcity. So it is as well with oil here in the US. Why do leftists like to create scarcities? Scarcities create crises that beg to be resolved, thus providing a route to power."
Brilliant! Now, am I going to have to read all your posts?
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