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| The Scuppers This is a new forum for the not necessarily fishing related topics... |
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09-03-2009, 04:11 PM
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#1
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Join Date: Apr 2002
Posts: 22,805
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oil strike ====>HUGE!!
BP announced that it had made "a giant oil discovery." BP's chief of exploration, Michael Daly, terms the Tiber find "very significant" and says it is even "better" than the Kaskida field, another huge BP property in the Gulf of Mexico, with an estimated 4 billion to 6 billion barrels of oil in place.  |
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09-03-2009, 04:34 PM
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#2
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Retired Surfer
Join Date: Dec 2000
Location: Sunset Grill
Posts: 9,511
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Hey Craig, we'll all be buying f-250's again.
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Swimmer a.k.a. YO YO MA
Serial Mailbox Killer/Seal Fisherman
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09-03-2009, 05:26 PM
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#3
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Registered User
Join Date: Feb 2003
Location: Hyde Park, MA
Posts: 4,152
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Where can I buy my "clunker' back again?  |
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09-03-2009, 05:30 PM
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#4
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Registered Grandpa
Join Date: Nov 2003
Location: east coast
Posts: 8,592
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Can we get the $6 Billion back that we just sent to Brazil to do
off shore drilling?  |
" Choose Life "
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09-03-2009, 07:50 PM
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#5
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Join Date: Apr 2002
Posts: 22,805
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nope they already spent it exporting cocaine to mexico
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09-03-2009, 07:58 PM
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#6
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Registered User
Join Date: Nov 2003
Location: RI
Posts: 21,464
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I read today this was a 500 Million barrel estimated find.
The US consumes about 20 Million barrels a day.
A lot of oil for sure, but...
-spence
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09-04-2009, 09:45 AM
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#7
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Registered User
Join Date: May 2003
Location: Easton, MA
Posts: 5,737
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Spence, I thought I read that it was possible that there was 3 to 15 billion barrels in that area in the gulf. The world uses 84 million barrels a day, so 500 million wouldn't have much of an impact on the long range price of oil. Billions on the other hand, could bring down the future price.
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Conservatism is not about leaving people behind. Conservatism is about empowering people to catch up, to give them tools at their disposal that make it possible for them to access all the hope, all the promise, all the opportunity that America offers. - Marco Rubio
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09-04-2009, 09:53 AM
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#8
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Registered User
Join Date: Nov 2003
Location: RI
Posts: 21,464
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Quote:
Originally Posted by fishbones
Spence, I thought I read that it was possible that there was 3 to 15 billion barrels in that area in the gulf. The world uses 84 million barrels a day, so 500 million wouldn't have much of an impact on the long range price of oil. Billions on the other hand, could bring down the future price.
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I'm sure there's the possibility for billions of undiscovered reserves in the Gulf...possibility.
Also note that this discovery was 35,000 feet down!
-spence |
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09-04-2009, 10:01 AM
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#9
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Registered User
Join Date: May 2003
Location: Easton, MA
Posts: 5,737
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Quote:
Originally Posted by spence
I'm sure there's the possibility for billions of undiscovered reserves in the Gulf...possibility.
Also note that this discovery was 35,000 feet down!
-spence
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They seem to be pretty sure about this one. Otherwise, they wouldn't be planning on spending tens of billions of dollars to get the oil. The big problem will be the shortage of rigs that can drill that deep. |
Conservatism is not about leaving people behind. Conservatism is about empowering people to catch up, to give them tools at their disposal that make it possible for them to access all the hope, all the promise, all the opportunity that America offers. - Marco Rubio
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09-04-2009, 11:18 AM
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#10
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Registered User
Join Date: Nov 2003
Location: RI
Posts: 21,464
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Looking around, I see the find reported both ways...
It's good for me, the biggest producers of under sea exploration equipment all use our software 
-spence |
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