Off topic a little.... I heard this find is HUGE on the order of Saudi Arabian fields. So, assuming that other fields exist in deep water... peak oil is delayed by many years. Correct?>>>>>>>>>
Yes this field is very very big. It helps push back peak oil but more and more oil everyone gets is not easy oil. It will be oil that costs 30-40-50-60 dollars per barrel just to get out of the ground. The USA should be using coal and natural gas more. We are very well stocked in those areas
Lots of natural gas under the great lakes but we won’t allow slant drilling from shore to get it. Apparently that’s how canada is getting it.
Well, it would push it off if we were allowed to drill for it but now it will just sit under the ocean.
bkmk
What is the evidence that this is a “huge” find? The geology of this part of the Gulf is well-known and if it were that big, it would have been discovered sooner. I have heard this from several people through the days that it is as big as the fields in Saudia Arabia and that it runs from Texas to Florida. From what I have heard, it is your standard deepwater 50 to 100 million barrel oil field, which is about three days worth of supply for the US.
“The USA should be using coal and natural gas more. “
It seems we are. They have pratically turned Wyoming into one big natural gas well and the coal fields here in Colorado are extremely busy. Those coal trains run non-stop.