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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 apdst View Post
    Just recently, as I pointed out.
    Matured is differrent then discovered
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    Re: Exxon finds 700 million barrels in the GOM

    Quote Originally Posted by apdst View Post
    Just recently, as I pointed out.

    Do you think the Earth produced that oil a month ago, a year ago or thousands of years ago?

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    Re: Exxon finds 700 million barrels in the GOM

    Quote Originally Posted by apdst View Post
    Just recently, as I pointed out.
    Good god you really don't understand just how much of this stuff we go through...

    It seriously never occurred to me that there might be people under the impression that oil might not run out.
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    Quote Originally Posted by Lutherf View Post
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    Re: Exxon finds 700 million barrels in the GOM

    Quote Originally Posted by Councilman View Post
    The United States uses about 7 Billion barrels of oil per year so this won't last very long at all.

    We need to open every possible field offshore or on ASAP
    Sweet, we'll have oil for a year

    Quote Originally Posted by Neomalthusian View Post

    You really don't get it. Without oil-based conventional agriculture, billions of people have to starve. We literally have been turning the energy contained in oil into the food that we eat. When oil supply diminishes, even gradually over time, both food and the oil we use to make it and ship it become prohibitively expensive, which necessarily causes a food crisis. This isn't like Y2K or global warming. It's guaranteed, concrete arithmetic. Cause and effect.

    If you want to just automatically write it all off as alarmism and sit comfortably in denial, be my guest. But if you want to actually read any of the literature (there's simply tons) that will illuminate this a bit more for you, let me know, and I'll point you to some.
    True, but there are already other organic based products that produce similar results and hydrogen can be used to make some fertilizer. However, the fact that so much of our lives is dependent on oil byproducts is were peak-oil becomes an issue. Everything you have in your house is likely to contain some byproduct of oil in it.

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    Re: Exxon finds 700 million barrels in the GOM

    Quote Originally Posted by Lord Tammerlain View Post
    Matured is differrent then discovered
    Matured means it there. And, if it's there, we can find it.

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    Re: Exxon finds 700 million barrels in the GOM

    Quote Originally Posted by winston53660 View Post
    Do you think the Earth produced that oil a month ago, a year ago or thousands of years ago?
    At what point did the planet stop producing oil?

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    Re: Exxon finds 700 million barrels in the GOM

    Quote Originally Posted by Deuce View Post
    Good god you really don't understand just how much of this stuff we go through...

    It seriously never occurred to me that there might be people under the impression that oil might not run out.
    Why aren't you sinking all your spare cash into green companies?

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    Re: Exxon finds 700 million barrels in the GOM

    Quote Originally Posted by apdst View Post
    At what point did the planet stop producing oil?

    What do you think the replenishment rate is for the Earth to match what we take out?

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    Re: Exxon finds 700 million barrels in the GOM

    Quote Originally Posted by apdst View Post
    Matured means it there. And, if it's there, we can find it.
    Yes of course


    But it doesnt mean that it was not there 1000 years ago and all of a sudden formed.

    Peak oil generally means that all of the easy oil has been found, making the remaining oil hard to get and expensive in comparision. The Oil sands fits that idea, so does the oil brazil has found in the deep ocean far from its coast. Ghawar, and other massive finds during the 20-60's represent the golden age of oil. Where sticking the drill in the ground could quite often provide good returns. Now it is far more expensive to search for it, and to drill for it
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    Re: Exxon finds 700 million barrels in the GOM

    Quote Originally Posted by apdst View Post
    At what point did the planet stop producing oil?
    At what point did the planet start producing oil at a rate even remotely close to the rate at which we deplete its reseviors?

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