article, there are over 27,000 oil wells that have been unattended to that are just sitting at the bottom of the Gulf of Mexico. Some apparently have "temporary caps" and have been designated "for future use". According to the article, there are over 3,500 temporary wells out there.
The moritorium was against drilling for any new deep water wells, right? Well, these wells have already been drilled. Surely, it shouldn't be a problem for any of the oil companies that have the rights to any of these tapped wells to untap them and let business return to that area? To me, it's a matter of deflection by politicians mostly with those who are on the side of continued drilling because if they really wanted jobs to return to their area they'd focus their attention to those wells that alread exist and try convincing the oil companies to start pumping oil from them instead. It just makes sense to me, but instead we've gotten wrapped up in finger pointing.
We know we have at least 80 years of oil left. There could be more. Now, is that better?
Objectivevoice and AS, you both have a good point. Problem is, the numbers are a little misleading. First of all, there probably aren't that many wells available that aren't being utilized. Specifically, there aren't that many DEEP wells. And if you add up all those abandoned wells they don't equal the output of the single DWH well. If the wells that were abandoned were even close to the output of DWH, why in the world would they not use it? If the well was that good they would be producing it. Oil companies don't make money punching holes in the ground, they make money producing oil. Punching holes is expensive, if these wells were that good they would use them. I have no idea where they are obtaining their numbers as we have no links or anything substantial to back it up, but that's ok. There are a lot of wells that were produced, reached a level of production where it cost more to run the well than it was giving in oil, and so they'll leave it. If they don't P and A the well it probably ends up in the list of 3500 wells that aren't being used. They just don't tell you why.
That's the problem with stuff you read on the internet. They don't give you the full story. They'll say "there are 3500 wells already drilled that aren't being used." But fail to say "These wells produce so little its not economically feasible to use them." Oh oops, left off that one little important detail.
Last edited by dontworrybehappy; 07-11-10 at 05:38 PM.
Maybe next election cycle, they will become insignificant.
It's GREAT to be me. --- "45% liberal/55% conservative"
Diplomacy is the art of saying 'nice doggy" until you can find a gun.
1) As you yourself said, "We aren't sure how much oil is out there."
2) We have no idea whatsoever what our usage over the next 80 years is going to be.
As such, you are contradicted both by yourself and by common sense.
I live in the oil business. At current rates, estimates are between 75-80 years BUT that assumes that we just keep going until we run dry which won't happen. Like I stated before, it's a supply and demand thing, the less supply we have the more demand, the more demand the greater the price. Oil will eventually be too EXPENSIVE for most to afford, but that won't happen any time soon. We have enough shale oil in this country for WAY longer than the old estimates had, so I wouldn't be surprised if in 100 years we still have oil. You assume so much bull**** when you try to be an ass and point out how I "contradict myself" which I didn't. You assume we won't develop any new technology to access previously unknown and unreachable oil reserves. Right now, we guess about 80 years of oil is available. But since you CAN'T KNOW WHAT IS OUT THERE IF YOU DON'T KNOW ITS THERE, there is no way to know how far BEYOND 80 or so years we will have oil. That doesn't mean we don't know what's out there as in we don't have a flying ****ing idea what the **** will happen in 20 years, the unknowns begin about 80 years out.....but next year we could develop ways to access oil we don't know exist today and it could DOUBLE the amount of oil we can obtain thus doubling the amount of time before we run out.
You love to play on words but the fact is I forgot WAY more about the oil industry than you will EVER know. If you say that "we have no idea whatsoever" then we could have way more than 80 years of oil. You always assume the worst. There is plenty of oil out there right now. Nobody alive on this planet right now will really see the true end of oil as a viable source of energy. They may see it begin to phase out, but it will last long past what they say because we won't just suck until we suck air and then pack our bags and leave. It will slowly become more and more expensive. I've talked to VERY high up people in the oil business and they have said there is a chance that we will never run out of oil, but we will reduce our demand for it to a point that we technically will never "suck air." It would take us so long to expend every available drop of oil that you would literally be able to use the term "never" when referring to when we would flat out run out of oil. That is a MAYBE, not a definite.
What we really need to do is convert our cars to run on natural gas. That we have ****LOADS of right here in America. We could use oil for stuff other than running our cars thus reducing the demand and so we wouldn't suck on that oil pipe nearly as hard, especially that foreign oil pipe. The problem is that people are scared to drive around on a 30 gallon bomb. If we did that, we wouldn't lose many jobs at all because the oil companies already produce natural gas by the ubles, they would just focus on natural gas production.
Last edited by dontworrybehappy; 07-11-10 at 11:07 PM.
A link to back up what I said earlier:
how much oil is left - Weather Imagery
A link saying we have AT LEAST 40 years of KNOWN oil left, but we haven't explored everywhere yet:
Last edited by dontworrybehappy; 07-12-10 at 02:31 PM.