<Postscript with Wang and KhoslaThe Oil DrumA Closer Look at Oil Futures>
<DrumBeat: September 3, 2006DrumBeatDrumBeat: September 5, 2006>

326 comments on DrumBeat: September 4, 2006

Comments can no longer be added to this story.

Dragonfly41 on September 4, 2006 - 11:05am Permalink | Subthread | Parent | Comments top
Did anyone pull off a copy of the article before it was changed?  If so, post it here for all to see and relish.
0
Comments can no longer be added to this story.
mikeB on September 4, 2006 - 11:08am Permalink | Subthread | Parent | Comments top
That quote CryWolf snatched from oblivion is the money quote.
0
Comments can no longer be added to this story.
Lone Wolf on September 4, 2006 - 11:38am Permalink | Subthread | Parent | Comments top
another quote from the article from Geophysicist Rocky Detomo:

"The technology of today and tomorrow can look better and better at the opportunities," he says. "So far there's no limit on finding oil. The technologies can keep up with finding it, but it gets more and more difficult."

that's reassuring. perhaps he could give us some numbers on his limitless findings... i was lead to believe they have been in decline for a few decades now.

sounds more like a Pr-man on damage control then a geophysicist to me.

0
Comments can no longer be added to this story.
Euan Mearns on September 4, 2006 - 11:44am Permalink | Subthread | Parent | Comments top
Another quote:

There's always the chance for a miracle, but when you're talking about going down 17-18,000 vertical feet, and going out 5 miles, being in temperatures of 350 degrees

The miracle being finding rocks with any porosity and permeability and those depths

0
Comments can no longer be added to this story.
MUDLOGGER on September 4, 2006 - 12:11pm Permalink | Subthread | Parent | Comments top
Well why not?

From the Times.

''The Human Brain is Hard - Wired to believe in the Supernatural''.

http://www.timesonline.co.uk/article/0,,2-2342421,00.html

0
Comments can no longer be added to this story.
Dan Ur on September 4, 2006 - 3:00pm Permalink | Subthread | Parent | Comments top
Then I offer you this to think about.

My ex-wife sent it to me.

If you want to comment on it, send me e.mail before you post here.

ceojr1963@yahoo.com

One day a group of scientists got together and decided that man had come a long way and no longer needed God. So they picked one scientist to go and tell Him that they were done with Him.

The scientist walked up to God and said, "God, we've decided that we no longer need you. We're to the point that we can clone people and do many miraculous things, so why don't you just go on and get lost?"

God listened very patiently and kindly to the man. After the scientist was done talking, God said, "Very well, how about this? Let's say we have a man-making contest." To which the scientist replied, "Okay, great!"

But, God added, "Now, we're going to do this just like I did back in the old days with Adam."

The scientist said, "Sure, no problem" and bent down and grabbed himself a handful of dirt.

God looked at him and said, "No, no, no. You go get your own dirt."

0
Comments can no longer be added to this story.
step back on September 4, 2006 - 3:42pm Permalink | Subthread | Parent | Comments top
Good thing that God did not suggest a Planet-destroying contest, like the kind he engaged in with Noah. But then again, when it comes to destroying the Planet, we're pretty good all on our own.
0
Comments can no longer be added to this story.
Splinter on September 4, 2006 - 5:57pm Permalink | Subthread | Parent | Comments top
Dan Ur, thanks for the invitation.

Nice story. As a "practical working hypothesis" I try to relate God with my own self. For me, "get your own dirt" would be a very practical thing (not always nice and easy, too). It requires me to look inside myself, go down in my deep dark cellar and "get the dirt out". Be honest about my own taboos, the 'not said', my biggest fears, worst frustrations, terrible fantasies and strongest beliefs (like religion).

And then, sometimes, when I discover and investigate an unknown part of this dungeon, and see it for what it is, it becomes lighter. A bit like God shows. I remember moments of utmost clearity, intelligence, fulfilment, connectness with my true self and the world around me when this happened. This little girl knows much more about that.

Finding God in the dirt, how does that relate to Oil/Uranium and it's implications?

p.s. Dan, I left the one personal question out and posted here directly. Email's in my profile ;)

0
Comments can no longer be added to this story.
DelusionaL on September 4, 2006 - 3:16pm Permalink | Subthread | Parent | Comments top
LOL
0
Comments can no longer be added to this story.
Leanan on September 5, 2006 - 8:49am Permalink | Subthread | Parent | Comments top
Interesting stuff, though I'm not really surprised.  

I am an atheist myself, even in foxholes.  

But that thing about jinxing a no-hitter by talking about it...it's twue, twue!  ;-)

0
Comments can no longer be added to this story.
plucky underdog on September 5, 2006 - 5:54am Permalink | Subthread | Parent | Comments top
Not always.

http://www.rigzone.com/news/article.asp?a_id=35730

Anadarko Petroleum along with BP and Devon announced a lower Tertiary Gulf of  Mexico oil discovery at its Kaskida prospect ... encountering 800 net feet of hydrocarbon-bearing sands. The well ... was drilled in 5,860 feet of water to a total depth of approximately 32,500 feet using Transocean's semisub, Deepwater Horizon.

Invisible in the big picture I know, but the deepwater GOM Lower Tertiary play will certainly flatten the US decline curve for another ten years or so.

0
Comments can no longer be added to this story.
plucky underdog on September 5, 2006 - 6:00am Permalink | Subthread | Parent | Comments top
And this

http://uk.biz.yahoo.com/060905/323/gl7tu.html

SAN RAMON, Calif (AFX) - Chevron Corp said it has completed the deepest successful well test in the Gulf of Mexico, with the Jack 2 well at Walker Ridge Block 758 drilled to a total depth of 28,175 feet.
...
The test sustained a flow rate of more that 6,000 barrels of crude oil per day with the test representing approximately 40 pct of the total net pay measured in the Jack 2 well, Chevron said.
Chevron said the Jack well was completed and tested in 7,000 feet of water, and more than 20,000 feet under the sea floor, breaking Chevron's 2004 Tahiti well test record as the deepest successful well test in the Gulf of Mexico.
...
Chevron and Devon officials estimate that recent discoveries in the Gulf of Mexico's lower-tertiary formations hold more than 3 bln barrels' and perhaps as much as 15 bln' worth of oil and gas reserves, the Journal said.

15 billion barrels = 2.5 years of US consumption

0
Comments can no longer be added to this story.
PaulS on September 4, 2006 - 3:39pm Permalink | Subthread | Parent | Comments top
mikeB is right:

Last Updated: Sunday, 3 September 2006, 16:36 GMT 17:36 UK
Driven by oil
Are we in denial about oil?

Stephen Leeb, founder of Leeb Capital Management Group and a long-time analyst on Wall Street, thinks so.

"We have a president that says we're addicted to oil, but doesn't say that we don't have enough oil to satisfy our addiction," he says. "He really hasn't alerted us to the fact that it's a true crisis."

Mr Leeb is not alone. Energy research consultant Daniel Yergin, of Cambridge Energy Research Associates, believes the concerns are widespread.

"Every day," he says, "the head of every major oil company wakes up focusing on how he is going to replace his reserves."

The crisis anticipated by these so-called petro-pessimists is one in which the world returns to the dark ages. At its most gloomy, the picture is one of civil unrest, world wars, and people dying of hypothermia in winter.

But then there are the oil-optimists - who believe we are entering the golden age of oil when higher prices and new innovations will see breakthroughs in recovery and discovery of oil.

They simply removed the two italicized paragraphs (my italics not theirs), apparently without changing anything else including the "last updated" line. Since they are the British Broadcasting Service, perhaps they did so in honor of the "memory hole", first invented by the British author George Orwell.

0
Comments can no longer be added to this story.
Dragonfly41 on September 4, 2006 - 4:28pm Permalink | Subthread | Parent | Comments top
Yes, the memory hole.  Blink and you will miss it.  Good thing the quick eyes of TOD were on the job.
0
Comments can no longer be added to this story.
bradshaw on September 4, 2006 - 5:14pm Permalink | Subthread | Parent | Comments top
"Did anyone pull off a copy of the article before it was changed?"

Google Cache =)

-C.

0
Comments can no longer be added to this story.
step back on September 4, 2006 - 5:16pm Permalink | Subthread | Parent | Comments top
Aha, The Ministry of Truth and History Revisionism has been cached with its pants down. Thanks. :-)
0
Comments can no longer be added to this story.
bradshaw on September 4, 2006 - 7:15pm Permalink | Subthread | Parent | Comments top
"cached with its pants down" -- Priceless =)

-C.

0
Comments can no longer be added to this story.