Search The Oil Drum with Google
Recently on TOD:World
TOD:Local
- Streets: Utilitarian Corridors or Livable Public Space
- Summer Streets a Success!
- Plan for Hydro-Fracture Drilling for Unconventional Natural Gas in Upstate New York
TOD:Europe
- Oilwatch Monthly - November 2008
- The 2008 IEA WEO - Production Decline Rates
- The EU Strategic Energy Review: maybe not so depressing after all
TOD:Canada
- The Round-Up: October 24, 2008
- Compressed Air Energy Storage - How viable is it?
- Oil Megaproject Update (July 2008)
TOD:ANZ
Blogroll
Energy Sites
- The Coming Global Oil Crisis
- Die Off
- Dry Dipstick
- Energy Bulletin
- From the Wilderness
- Life After the Oil Crash
- Peak Oil Crisis
- Peak Oil News and Message Boards
- Powerswitch
- Rigzone
- Matthew Simmons
- Wolf at the Door
Environment & Sustainability Sites
- The Daily Green
- EcoGeek
- Eco Street
- Green Car Congress
- Green Options
- green.alltop.com
- Gristmill
- RealClimate
- Sustainablog
- Treehugger
- WorldChanging
Blogs
- The Big Picture
- Casaubon's Book
- Cleantech Blog
- Clusterf
k Nation (Jim Kunstler) - The Cost of Energy
- David Strahan
- The Energy Blog
- Entropy Production
- European Tribune
- GraphOilology
- jeffvail.net
- Mobjectivist
- Peak Energy (Australia)
- Peak Energy (USA)
- R-Squared
- Resource Insights
Finance & Economics Blogs
- Calculated Risk
- Ecological Economics
- Econbrowser
- Environmental Economics
- Infectious Greed
- The Mess That Greenspan Made
- Mish's Global Economic Trend Analysis
Organizations
“The era of procrastination, of half-measures, of soothing and baffling expedients, of delays, is coming to a close. In its place we are entering a period of consequences…”
—Winston Churchill, November 1936
User login
Contact
- Content: editors at theoildrum dot com
- Tech support: support at theoildrum dot com
Personnel
- Editors: Prof. Goose, Heading Out, Stuart Staniford, Nate Hagens
- DrumBeat Editor: Leanan
- Contributors: ace, Engineer-Poet, Gail the Actuary, jeffvail, JoulesBurn, Khebab, Robert Rapier
- TOD:Local: Glenn
- TOD:Europe: Chris Vernon, Euan Mearns, Francois Cellier, Jerome a Paris, Luís de Sousa, Rembrandt, Rune Likvern, Ugo Bardi
- TOD:Canada: benk, Libelle
- TOD:ANZ: Big Gav, Phil Hart, aeldric
- Technician: Super G
License
This work is licensed under a Creative Commons Attribution-Share Alike 3.0 United States License.
GAIA Host Collective
The company I am concerned with is called verenex energy. I own a sizable amount of stock in this. If this discovery is true, it will add some 10% to the world's known oil reserves. In short, it is a potential Ghawar (in that league anyway). I agree completely with the concerns about resource depletion. That's why I dumped a bunch of money into this young company in the first place. I've been in a cold sweat since I first read the anouncement. The next few days will tell the tale.
Hoping for a stay of execution on the energy front.
Best,
Jim
Hello James_Benison,
Thxs for this info. If 100 billion barrels is truly recoverable.....to the shores of Tripoli......expect US Marines to bring freedom and democracy to this geography soon.
EDIT: I am not a geologist, but I hope this PDF link helps:
http://energy.cr.usgs.gov/WEcont/regions/reg2/p2/tps/AU/au205431.pdf
Bob Shaw in Phx,Az Are Humans Smarter than Yeast?
Dear Sir,
I am every bit as skeptical as you are. One glaring omission in this report is whether these "100 billion barrels" are proven, probable, possible, or original oil in place. Secondly, given the language barrier, questions arise as to whether the anouncement might have skipped a decimal point or two (ie million--billion etc...)
In terms of the scope of the discovery, the Libyan National Oil Company stated today that: "This may just increase the availability of oil worldwide which may eventually have an impact on oil prices." That would suggest to me that the discovery is major. My modus operandi is to simply define what is the truth.....not to create it.
Best,
Jim