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The List: The World’s Largest Untapped Oil Fields
Foreign Policy ^ | December 2008 Issue | Jerome Chen

Posted on 12/01/2008 4:50:30 PM PST by 2ndDivisionVet

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To: truth_seeker

Why did you leave the lucrative field of oil & gas/petroleum engineering to work in real estate?

Just curious.....I’ve been dying to get back in ever since I quit my landman job.


41 posted on 12/01/2008 8:02:40 PM PST by St. Louis Conservative
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To: 2ndDivisionVet
I would urge all intersted in the topic of oil to read The Age of Oil, by Leonardo Maugeri. This guy worked for Italian oil giant ENI for many years. I used to believe strongly in peak oil until I read Maugeri's book.
42 posted on 12/01/2008 8:08:16 PM PST by St. Louis Conservative
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To: tajgirvan

I have been hearing about oil in Israel for many years, yet nothing has come out of it. Zion Oil & Gas is an outfit that has been drilling in Israel for a long time with nothing to show for it. I’m skeptical myself.


43 posted on 12/01/2008 8:09:44 PM PST by St. Louis Conservative
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To: 2ndDivisionVet

bfl


44 posted on 12/01/2008 8:42:20 PM PST by Cacique (quos Deus vult perdere, prius dementat ( Islamia Delenda Est ))
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To: mamelukesabre

“Lava continuously flows to the surface. WHy can’t oil?”

Show scientific evidence. Since the oil business has been lucrative, much effort has been extended to learn all about it.

In my lifetime oil drilling and recovery technology has advanced a great deal, but the idea of how the oil got there is unchanged.

It is thought to be from ancient organic material (deal flora and fauna) laid down in porous sedimentary layers. Later these layers were sometimes rearranged with upthrusting, faults, etc.

If you or others have a better theory, prove it. Then by all means find some of this resource, drill it and get rich.


45 posted on 12/01/2008 9:28:20 PM PST by truth_seeker
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To: St. Louis Conservative

“Why did you leave the lucrative field of oil & gas/petroleum engineering to work in real estate?

Just curious.....I’ve been dying to get back in ever since I quit my landman job.”

I left oil exploration and production engineering (Signal Oil & Gas. Co.) for the energy engineering and construction business (Fluor). I’m a business/finace major, not engineer.

I left that when that company underwent tough times; got into real estate, and have stayed since.

Both industries are cyclical. It is near impossible to craft solid business plans when oil swings from $150 to $50 per barrel in six months time.

Obama plans to make policy aimed at higher energy prices.

Landman is sort of like oilfield real estate, right? Buy, lease, royalties, etc?

I’m a little advanced to start from scratch, but the idea of getting back into energy is attractive. Yesterday I met a PhD, who recently retired from the National Renewable Energy Labs at Golden CO.

He is 67 and working for a Solar Panel company. He said Bush did more for solar than anybody gives him credit for. Maybe for Pickens?


46 posted on 12/01/2008 9:41:45 PM PST by truth_seeker
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To: 2ndDivisionVet
Just for prospective:
Saudi Arabia officially has about 260 billion barrels of oil reserves.
47 posted on 12/01/2008 9:47:48 PM PST by Steve Van Doorn (*in my best Eric cartman voice* 'I love you guys')
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To: truth_seeker

What?

Get a clue bud. I’m not trying to prove anything. I’m just stating an obvious FACT. Lava flows to the surface CONTINUOUSLY. Therefore, your theory that oil cannot do the same without violating some conservation of mass principle is false.

So instead of demanding that I prove something, why don’t you sit there and think about how it might be possible for lava to flow to the surface continuously without violating any conservation of anything law, then think about how the same thing might be possible for oil as well. THen you won’t need me to prove anything for you. You can do it yourself.


48 posted on 12/02/2008 4:05:32 PM PST by mamelukesabre (Si Vis Pacem Para Bellum (If you want peace prepare for war))
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