BGForums

two posts up,it might lead into some VERY interesting events .But that would be another topic

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This post approved by Tkobo:Official Rabble Rouser of the United Yahoos
Chuckle TM

http://www.reuters.com/article/idUSBOM38972520091130
India

http://www.upi.com/Science_News/Resourc ... 260205763/
Brazil

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This post approved by Tkobo:Official Rabble Rouser of the United Yahoos
Chuckle TM

Recent advances in finding and drilling for natural gas have resulted in an estimated 90 years supply worth of supply being located and documented (at current consumption rate).Estimates of total gas reserves have jumped by over +50% in the last 5 years.This is in the U.S. alone.

Price is at a 7 year low, and companies are saying theres alot more to be found.

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This post approved by Tkobo:Official Rabble Rouser of the United Yahoos
Chuckle TM

http://www.euroinvestor.co.uk/news/stor ... d=10487431
Norwegian Sea

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This post approved by Tkobo:Official Rabble Rouser of the United Yahoos
Chuckle TM

http://www.rte.ie/business/2010/0122/tullow.html
Uganda

http://www.poten.com/NewsDetails.aspx?id=10334584
Colombia

http://www.commodityonline.com/news/Rus ... 9-3-1.html
Russia

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This post approved by Tkobo:Official Rabble Rouser of the United Yahoos
Chuckle TM

http://www.energytribune.com/articles.c ... als-Bakken
North Dakota-more of a discovery of more than previously thought,than a brand new find.

http://www.ogj.com/index/article-displa ... water.html
Another new one in the gulf of mexico

http://economictimes.indiatimes.com/art ... 870308.cms
India

http://www.pennenergy.com/index/petrole ... d_oil.html
Australia

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This post approved by Tkobo:Official Rabble Rouser of the United Yahoos
Chuckle TM

Theres a very interesting theory being put forth on oil right now.Sometime back a russian scientist claimed some of their oil wells were refilling.In the 70's an american scientist had put forth a similar view, a theory (abiogenic) saying that "new" oil was being created everyday by the earth naturally.

Both of those put forth had flaws.But some are saying they've filled those flaws.That the part of the eqaution that was missing was something being called "elemental fission".No biomass required.

Now ive never thought about it this way before,but unless you think oil was only created only during certain time periods of the earth,and isnt now being created,then you have to think oil is a "renewable " resource.

Its simple really,if the earth is right now making oil,than the resource of oil is a naturely replenishable resource.The new question then becomes,whats the rate of creation...

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This post approved by Tkobo:Official Rabble Rouser of the United Yahoos
Chuckle TM

Actually,

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"All warfare is based on deception...
Hold out baits to entice the enemy. Feign disorder, and crush him."

Sun Tzu, The Art of War

Of course it could have been an ironic use also.Imagine that.

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This post approved by Tkobo:Official Rabble Rouser of the United Yahoos
Chuckle TM

well, anything's possible.

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"All warfare is based on deception...
Hold out baits to entice the enemy. Feign disorder, and crush him."

Sun Tzu, The Art of War

Bet its less then the rate of consumption.

Ill get back to you on that bet sometime in the future if and when this theory is shown to be correct.

By the way,on an older tangent in this thread, see San Bruno

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This post approved by Tkobo:Official Rabble Rouser of the United Yahoos
Chuckle TM

http://www.climatechangedispatch.com/be ... production
Again, its all just theory at this point.....

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This post approved by Tkobo:Official Rabble Rouser of the United Yahoos
Chuckle TM

Well if you consider the fact south africa has been turning coal in to oil for year's and now there is bio fuel why can't the earth do it it self.

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You plastic soldiers i will turn you in to real soldiers


CPO Mzinyati

Its not a question of "can",its a question of "still is".

The old mainstream thought is that oil was created naturally by the earth during specific periods due to the conditions of other periods, and for the most part isnt now,hence its an extremely finite resource.
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This theory says it is being produced by the earth continuously,and the questions then become ones of production rate,true current reserve, and attainability.History shows the deeper we go,the harder we look, the more tech advances,the more oil we find and are able to obtain.

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This post approved by Tkobo:Official Rabble Rouser of the United Yahoos
Chuckle TM