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114 comments on Jeff Rubin: Oil Prices Caused the Current Recession
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114 comments on Jeff Rubin: Oil Prices Caused the Current Recession
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flickervertigo-Nobody want's to live in that world, whether real or not. We much rather think we are all so smart and the people in charge are dumb, don't talk about big issues in private or plan. There is an unspoken rule that we never question motives only competence and you are breaking it. Please stop, it upsets people and we will be forced to label you unstable if you persist.
Jeff Rubin: Oil Prices Caused the Current Recession.
I say: Huge number of the exploration dry wells is a root of high Oil Prices.
Today, as it was decade years before, oil companies have drilled mostly dry exploration wells. Drilling success rate doesn’t overcome 25% on average. It means that three dry wells go to waste from four drilled. It means also that discovery occurs much slowly then if success rate significantly rise. Using Seismo-electromagnetic (SEM) phenomenon in oil deposits it is possible to triple world oil discoveries every year for same money and time-frame with 75% success rate.
Initiating of SEM phenomenon to detect of hydrocarbon deposits has the steps of simultaneously action an electromagnetic field and a seismic wave in investigated geological region so that an electromagnetic signal originates by vibrating of hydrocarbon deposit surface excited by the electromagnetic field and travels from the surface. For details see www.phenomenon-in-oil-accummulation.weebly.com