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Thread: Exxon finds 700 million barrels in the GOM

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    Re: Exxon finds 700 million barrels in the GOM

    Quote Originally Posted by Neomalthusian View Post
    All these cats said this stuff before these latest finds. Yes?

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    Re: Exxon finds 700 million barrels in the GOM

    Quote Originally Posted by apdst View Post
    All these cats said this stuff before these latest finds. Yes?
    What you don't understand is that these latest finds have no bearing on increasing demand and the fact the oil is getting more and more expensive to even get out of the ground.

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    Re: Exxon finds 700 million barrels in the GOM

    Quote Originally Posted by xpiher View Post
    What you don't understand is that these latest finds have no bearing on increasing demand and the fact the oil is getting more and more expensive to even get out of the ground.
    How much of your own money are you investing in green energy projects?

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    Re: Exxon finds 700 million barrels in the GOM

    Quote Originally Posted by apdst View Post
    How much of your own money are you investing in green energy projects?
    What the hell does that have to do with anything? The argument about peak oil is only substantiated by one's asset allocation in alternative energies? Pfft.

    Green investments are still tied to the dollar and we are waging war on it. Alternative energies won't replace oil. You can't fertilize, weed and de-bug your crops with electrical currents. Petroleum will hit food production hard and that's when things will get weird. Commercial aviation goes away completely. Food economies are forced to relocalize where they can, and where they can't people will get really desperate.

    Within a year I expect to be investing as much of my money as I can in a parcel of rural farm land and a super-insulated structure utilizing solar radiant floor heating. My wife's cousin is an architect and certified solar panel guru who specializes in those types of structures.
    Last edited by Neomalthusian; 06-15-11 at 01:06 AM.

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    Quote Originally Posted by apdst View Post
    So much for the peak oil myth.
    I say we throw the environmentalists out on their keister, and drill in Alaska, and anywhere else we can find oil. Enough of the BS!
    We do not want word to go out that we want to exterminate the Negro population. Margaret Sanger, founder of Planned Parenthood, 1939

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    Re: Exxon finds 700 million barrels in the GOM

    Quote Originally Posted by apdst View Post
    How much of your own money are you investing in green energy projects?
    How much of your livelihood is invested in oil?

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    Re: Exxon finds 700 million barrels in the GOM

    Quote Originally Posted by Tucker Case View Post
    How much of your livelihood is invested in oil?
    Oh, probably about 100%, when you figure that my non-oilfield related businesses serve people who work in the oilfield.

    Is this the part where you call me a shill?

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    Re: Exxon finds 700 million barrels in the GOM

    Quote Originally Posted by apdst View Post
    Oh, probably about 100%, when you figure that my non-oilfield related businesses serve people who work in the oilfield.

    Is this the part where you call me a shill?
    No, that's the part where I point out that your perfectly understandable pro-oil personal bias makes it impossible for you to objectively argue this topic.

    You have a vested personal interest in oil and that's perfectly understandable (I would too, in your position) but this certainly clouds your arguments.

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    Re: Exxon finds 700 million barrels in the GOM

    Quote Originally Posted by Tucker Case View Post
    No, that's the part where I point out that your perfectly understandable pro-oil personal bias makes it impossible for you to objectively argue this topic.

    You have a vested personal interest in oil and that's perfectly understandable (I would too, in your position) but this certainly clouds your arguments.
    I would make the same argument, either way. it's just common sense.

    By the same token, anyone who doesn't have anything vested in the oilfield can't argue the topic objectively, either; against oil and gas production.

    The reason I ask the anti-oilers if they are investing any money into green energy, is because if it's such an awesome idea, they should be dumping every spare dime they have into green energy companies and recruiting more investors, so the industry can grow.

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    Re: Exxon finds 700 million barrels in the GOM

    Quote Originally Posted by apdst View Post
    So, we're going to use this find to supply the world with oil? Or, just use it ourselves and put Americans back to work?

    I forgot to post the link to another new find by Noble Energy. My apologies.

    Noble Energy reports Gulf oil find - San Antonio Express-News
    The oil market is a global market.

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