<DrumBeat: September 11, 2006 The Oil Drum DrumBeat: September 12, 2006>

138 comments on Jack-2 and the Lower Tertiary of the Deepwater Gulf of Mexico

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oilmanbob on September 11, 2006 - 10:24am Permalink | Subthread | Comments top
Dave, thanks for the great realistic assessment of the Chevron/Devon/Statoil discovery and the Willcox Trend. For some reason, a realistic assessment of our total enrgy supplies worldwide, aka Peak Oil is a political football I guess its just another manifestation of the political polarisation in our society
  I really do hpe that the optomistic projections are true and that the deep water drilling and production techniques are profitable worldwide. Our society needs time to adjust to the future, and these discoveries could be a real blessing for all of us. But this makes peak oil all the more important. We all need to Economise, Localise and Produce, to Quote Westtexas.

  Truth is liberating. It frees us from the paralysis of not knowing so that we can all act. Thanks again for taking such a big step forward!

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roel on September 11, 2006 - 2:06pm Permalink | Subthread | Parent | Comments top
Peak Oil as a political football

The media hype over Jack serves two purposes, and will do both "excellently", as excellently as the quality of Dave and Bubba's research:

1/ Peak Oil bashing. Lots of doubters are back home now. Nothing like giving people a reason to stop worrying

2/ Jack is exactly what is needed to push more offshore drilling forward. Florida's surfers more important than our energy security? Didn't think so.

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DrD on September 13, 2006 - 9:17am Permalink | Subthread | Parent | Comments top
Good points and here are 2 more

  1. This comes on the heels of the Energy Bill and pushes to peel back fees on drilling on public land.

  2. Midterm elections.  It is not unreasonable to suspect the timing of over-hyped discoveries and their causing a drop in oil prices less than 60 days from an election in which the pro-corporate party is in trouble.

It is also interesting that such speculation comes on the back side of the Katrina/Rita storms that battered offshore rigs in the GoF.  The whole thing reminds me of a salted gold prospect in the Rockies being sold to a NY speculator.
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sofistek on September 11, 2006 - 6:33pm Permalink | Subthread | Parent | Comments top
I really do hpe that the optomistic projections are true
I agree, but only if peak hits soon. If there is no realisation of peak, before these fields are produced, these fields will do nothing to transition us to a lower energy future but will just increase our consumption.

Tony

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138 comments on Jack-2 and the Lower Tertiary of the Deepwater Gulf of Mexico

Comments can no longer be added to this story.