Gulf of Mexico saturated with oil?

petroleumnews ^ | 01/30/2007 | milwguy

[milwguy]

I have been saying we have more than enough oil in our grasp to become energy independent in my lifetime. Our politicians have not the will to tap that oil. 85% of our coastal waters are currently off limits to exploration/development. ANWR holds more than 10 billion barrels of oil that we know of. The Beaufort Sea in Alaska holds.......Sherwood said that MMS divides most of that region into two large areas, the Beaufort Sea and Chukchi Sea planning areas. The new MMS assessment has estimated a total of 104 trillion cubic feet of undiscovered technically recoverable natural gas and 23.6 billion barrels of undiscovered technically recoverable oil in these two areas combined. That represents about 79 percent of the gas and 89 percent of the oil in all of the outer continental shelf of Alaska, Sherwood said. We have at least 100 billion barrels of UNDISCOVERED OIL in our grasp, enough to put the ARABS at our mercy, not the other way around. All that is needed is a MARSHALL PLAN to go get it. Fair taxation of these reserves could cure our budget deficits, wipe out our trade deificit with the Middle East, and ensure our economic security for generations to come.

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.

[saganite]

Your link is to a Apr 2006 article about Alaskan oil. Where is the text you posted within that article?

[Parley Baer]

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.

[HEY4QDEMS]

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.

[oyez]

The only way to create an Exclusive Economic Zone for Cuba is to ditch the current criminal government and set up a free society. The expansion potential for Cuba is enormous. Giving Cuba oil rights, is only giveing support for the communist regime. The people get nothing but a few more rice cookers and no rice.

[Ancient Drive]

we have oil in Alaska, and our neighbor can top off the Saudis, and we are courting middle east petroleum why?

[milwguy]

Sorry I could not post this article per freeper rules.........here is original link..........

http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=51888

[ichabod1]

10 billion barrels of oil

Less than a year's supply. /sneer

[wdkeller]

http://www.worldoil.com/magazine/magazine_detail.asp?ART_ID=1588

[milwguy]

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.

[raftguide]

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. Its long been said that money is the root of all evil, but more so, power is becoming the source.

[capt. norm]

Someday the Muslims will run out of oil and realize all they have left is a gazillion acres of kitty litter.

[Frwy]

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.

[HopeSprings]

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.

[Preachin']

We should be drilling there. In fact, I hope Mexico does the same in their region. It would likely keep many illegals down there. Another reason to loathe democrats and RINOs.

[razorback-bert]

Another day another 10 billion barrels of oil...hohum.

[abb]

Another day another 10 billion barrels of oil...hohum.

A billion here, a billion there. Pretty soon you're talking about lots of oil...

[Vaduz]

The democrat party changing name to the French party.

[Montaignes Cat]

"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?

[rednesss]

I've long thought that this was a deliberate plan to deplete the resources of the middle east first and render the entire area as worthless. All that would be left would be a few royal families sitting on trillions of dollars surrounded by dirt poor, pissed off peons. I think the French went through this a couple hundred years ago. Some people lost their heads. I think that the leaders of the UAE realize that and that's why they're trying to make the new Las Vegas in Dubai.